AFKVanEck Vectors Africa Index ETF
Fund Description
VanEck Vectors® Africa Index ETF (AFK®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® GDP Africa Index (MVAFKTR), which includes local listings of companies that are incorporated in Africa and listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.
-
Fund Ticker
AFK -
Exchange
NYSE Arca -
Index Total Return Ticker
MVAFKTR -
Index Provider
MV Index Solutions -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVAFKTR
as of 04/14/21
-
30-Day SEC Yield1
2.08% -
Total Net Assets
$55.6M -
Number of Holdings
73 -
Options
Expected -
Gross Expense Ratio2
0.86% -
Net Expense Ratio/TER2
0.79% -
Distribution Frequency
Annual
Key Points
- Nation's First ETF Focused Exclusively on Africa
A relatively untapped region with vast commodity resources and growth potential
- One-Trade Access
To a broad range of sectors and African countries, including exposure to some less traditional, frontier markets
- Pure Play
Companies must be incorporated in, or derive at least 50% of total revenues from Africa to be added to the index
Trading Information
-
Fund Ticker
AFK -
Index Total Return Ticker
MVAFKTR -
NAV
AFKNV -
Intraday NAV (IIV)4
AFKIV -
Shares Outstanding
2,600,000 -
Estimated Cash
AFKEU -
Total Cash
AFKTC -
CUSIP
92189F866 -
ISIN
US92189F8665
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.36% -
Gross Expense Ratio
0.86% -
Fee Waivers andExpense Reimbursement
-0.07% -
Net Expense Ratio/TER2
0.79%
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 04/14/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 07/10/08 |
|
---|---|---|---|---|---|---|---|---|
AFK (NAV) | -1.17 | 2.85 | 2.85 | 67.88 | -2.92 | 5.16 | -1.56 | -2.52 |
AFK (Share Price) | 0.14 | 3.14 | 3.14 | 72.88 | -2.65 | 5.55 | -1.51 | -2.41 |
MVAFKTR (Index)5 | -0.80 | 2.75 | 2.75 | 69.73 | -2.05 | 6.62 | -0.37 | -1.22 |
Performance Differential (NAV - Index) | -0.37 | 0.10 | 0.10 | -1.85 | -0.87 | -1.46 | -1.19 | -1.30 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 07/10/08 |
|
---|---|---|---|---|---|---|---|---|
AFK (NAV) | -1.17 | 2.85 | 2.85 | 67.88 | -2.92 | 5.16 | -1.56 | -2.52 |
AFK (Share Price) | 0.14 | 3.14 | 3.14 | 72.88 | -2.65 | 5.55 | -1.51 | -2.41 |
MVAFKTR (Index)5 | -0.80 | 2.75 | 2.75 | 69.73 | -2.05 | 6.62 | -0.37 | -1.22 |
Performance Differential (NAV - Index) | -0.37 | 0.10 | 0.10 | -1.85 | -0.87 | -1.46 | -1.19 | -1.30 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
NASPERS LTD |
NPN SJ
|
18,895
|
4,523,630 | 8.39 | |
SAFARICOM PLC |
SAFCOM KN
|
10,438,300
|
3,460,342 | 6.42 | |
ATTIJARIWAFA BANK |
ATW MC
|
65,284
|
3,038,452 | 5.63 | |
GUARANTY TRUST BANK PLC |
GUARANTY NL
|
34,195,009
|
2,750,868 | 5.10 | |
MAROC TELECOM |
IAM MC
|
173,200
|
2,663,554 | 4.94 | |
ANGLO AMERICAN PLC |
AAL LN
|
62,793
|
2,461,428 | 4.56 | |
MTN NIGERIA COMMUNICATIONS PLC |
MTNN NL
|
5,675,799
|
2,225,612 | 4.13 | |
COMMERCIAL INTERNATIONAL BANK EGYPT SAE |
CBKD LI
|
579,095
|
2,064,474 | 3.83 | |
BANQUE CENTRALE POPULAIRE |
BCP MC
|
69,210
|
1,934,158 | 3.59 | |
JUMIA TECHNOLOGIES AG |
JMIA US
|
51,733
|
1,834,452 | 3.40 | |
Top 10 Total (%) | 49.99 |
Country Weightings (%) as of 03/31/21
-
Country
% of Net Assets -
■
South Africa
33.53 -
■
Morocco
18.16 -
■
Nigeria
14.50 -
■
Kenya
9.90 -
■
Egypt
4.72 -
■
Germany
3.40 -
■
Canada
3.00 -
■
Côte D'Ivoire
2.73 -
■
China
2.40 -
■
Zambia
2.32 -
■
Burkina Faso
2.15 -
■
India
1.16 -
■
Tanzania
0.99 -
■
Indonesia
0.97 -
■
United States
0.48 -
■
Norway
0.40 -
■
United Kingdom
0.33 -
■
Switzerland
0.20 -
■
Zimbabwe
0.03 -
■
Other/Cash
-1.37
Sector Weightings (%) as of 03/31/21
-
Sector
% of Net Assets -
■
Financials
32.9 -
■
Materials
25.9 -
■
Communication Services
17.3 -
■
Consumer Discretionary
14.2 -
■
Consumer Staples
8.6 -
■
Health Care
0.9 -
■
Real Estate
0.5 -
■
Industrials
0.4 -
■
Utilities
0.4 -
■
Energy
0.2 -
■
Other/Cash
-1.4