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AFK VanEck Africa Index ETF Please read important disclosure Close important disclosure false

AFK
VanEck Africa Index ETF

AFK
VanEck Africa Index ETF

  • NAV
    $24.09

    as of September 30, 2025
  • YTD RETURNS
    53.55%

    as of September 30, 2025
  • Total Net Assets
    $85.52M

    as of September 30, 2025
  • Gross Expense Ratio
    0.89%
  • Net Expense Ratio
    0.88%
  • Inception Date
    07/10/2008

About AFK

VanEck 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.

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Overview

Why AFK

  • 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

Performance

Performance History:

Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) 6.94 18.28 40.74 34.55 12.16 7.25 3.63 -0.95
AFK (Share Price) 7.04 18.35 44.89 37.09 12.55 7.72 3.78 -0.86
MVAFKTR (Index) 6.73 18.34 41.24 35.55 16.94 10.27 5.82 0.82
Performance Differential (NAV - Index) 0.21 -0.06 -0.50 -1.00 -4.78 -3.02 -2.19 -1.77
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) 6.62 14.16 26.87 26.73 7.99 6.71 0.72 -1.57
AFK (Share Price) 6.44 15.93 30.32 28.08 8.33 7.10 0.95 -1.49
MVAFKTR (Index) 6.63 14.53 27.26 28.06 12.57 9.96 2.85 0.21
Performance Differential (NAV - Index) -0.01 -0.37 -0.39 -1.33 -4.58 -3.25 -2.13 -1.78

*Returns less than one year are not annualized.

Index data prior to June 21, 2013 reflects that of the Dow Jones Africa Titans 50 Index (DJAFKT). From June 21, 2013, forward, the index data reflects that of the Fund's underlying index, MVIS GDP Africa Index (MVAFKTR), and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Prices as of 09/30/2025

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
AFK $24.09
$24.37 		44,833
59,703 		$0.20 / +0.83%
$0.22 / +0.91% 		+53.55%
+57.53% 		$0.28
1.16% 		0.67%

Fees

Holdings

Daily Holdings (%) as of 09/30/2025

Download XLS Get holdings
Total Holdings: 79
Ticker
 Holding Name % of Net
Assets
Identifier (FIGI)
Shares
 Asset Class Market Value
(US$) 		Notional Value
--
Other 6.08
--
72,540
 other 5,277,142 --
ATW MC
 Attijariwafa Bank 4.74
BBG000BMG377
50,229
 Stock 4,111,996 --
AAL LN
 Anglo American Plc 4.25
BBG000BWF7M0
97,687
 Stock 3,687,212 --
B US
 Barrick Mining Corp 3.90
BBG000BB07P9
103,134
 Stock 3,379,701 --
AAF LN
 Airtel Africa Plc 3.88
BBG00PBWXCZ0
1,023,936
 Stock 3,365,925 --
IVN CN
 Ivanhoe Mines Ltd 3.86
BBG003CSCHG0
315,270
 Stock 3,344,391 --
BCP MC
 Banque Centrale Populaire 3.67
BBG000CQLKJ0
98,121
 Stock 3,180,723 --
GTCO NL
 Guaranty Trust Holding Co Plc 3.52
BBG011LN7CZ0
47,893,237
 Stock 3,049,372 --
EDV LN
 Endeavour Mining Plc 3.47
BBG011DVVYT3
71,914
 Stock 3,010,254 --
GFI US
 Gold Fields Ltd 3.37
BBG000KHT4K7
69,637
 Stock 2,921,969 --
FM CN
 First Quantum Minerals Ltd 2.92
BBG000BX7818
112,066
 Stock 2,535,459 --
SAFCOM KN
 Safaricom Plc 2.85
BBG000RLQYC7
11,062,657
 Stock 2,473,353 --
IAG US
 Iamgold Corp 2.81
BBG000LL9LQ5
188,681
 Stock 2,439,645 --
MSA MC
 Societe D'Exploitation Des Ports 2.75
BBG00D2ZJ7N0
22,848
 Stock 2,385,139 --
AU US
 Anglogold Ashanti Plc 2.58
BBG01HGVLP51
31,834
 Stock 2,238,885 --
FSR SJ
 Firstrand Ltd 2.57
BBG000BNTS67
495,065
 Stock 2,228,162 --
ZENITHBA NL
 Zenith Bank Plc 2.55
BBG000NDS8Y0
47,600,335
 Stock 2,213,432 --
CBKD LI
 Commercial International Bank Egypt Sae 2.52
BBG000CLC0L2
1,086,282
 Stock 2,188,417 --
PDN AU
 Paladin Energy Ltd 2.39
BBG000BC8GS6
375,241
 Stock 2,076,015 --
KOS US
 Kosmos Energy Ltd 2.25
BBG000L2Q7C4
1,173,593
 Stock 1,948,164 --
IAM MC
 Itissalat Al-Maghrib 2.03
BBG000BNT7Q1
136,830
 Stock 1,763,591 --
MMYT US
 Makemytrip Ltd 2.03
BBG000BB34J0
18,794
 Stock 1,759,118 --
EQTY KN
 Equity Group Holdings Plc/Kenya 1.88
BBG000F2R4W5
3,626,061
 Stock 1,628,428 --
CPI SJ
 Capitec Bank Holdings Ltd 1.87
BBG000D4HYB1
8,049
 Stock 1,625,819 --
PRU AU
 Perseus Mining Ltd 1.83
BBG000Q68231
491,624
 Stock 1,584,192 --
SBK SJ
 Standard Bank Group Ltd 1.78
BBG000BQR991
112,428
 Stock 1,539,695 --
VAL SJ
 Valterra Platinum Ltd 1.68
BBG000BTXNT5
20,338
 Stock 1,452,887 --
BOA MC
 Bank Of Africa 1.52
BBG000J1QX23
47,021
 Stock 1,317,571 --
HTWS LN
 Helios Towers Plc 1.50
BBG00K7MFFV5
648,258
 Stock 1,303,259 --
MTN SJ
 Mtn Group Ltd 1.24
BBG000C4S5Y8
127,232
 Stock 1,071,746 --
IMP SJ
 Impala Platinum Holdings Ltd 0.99
BBG000BTZK82
67,451
 Stock 861,061 --
ABG SJ
 Absa Group Ltd 0.99
BBG000BF9DG8
81,740
 Stock 858,679 --
HMY US
 Harmony Gold Mining Co Ltd 0.85
BBG000BX93G1
40,684
 Stock 738,415 --
CSR MC
 Co Sucrerie Marocaine Et De Raffinage 0.80
BBG000BQDJ58
29,413
 Stock 691,664 --
SLM SJ
 Sanlam Ltd 0.78
BBG000CDQK77
140,087
 Stock 678,735 --
RCL US
 Royal Caribbean Cruises Ltd 0.77
BBG000BB5792
2,074
 Stock 671,105 --
SBSW US
 Sibanye Stillwater Ltd 0.75
BBG00RRGP445
57,934
 Stock 651,178 --
SHP SJ
 Shoprite Holdings Ltd 0.74
BBG000BFNXZ7
40,378
 Stock 641,297 --
BID SJ
 Bid Corp Ltd 0.64
BBG00CP99BP5
22,315
 Stock 559,088 --
DSY SJ
 Discovery Ltd 0.63
BBG000DD6054
47,837
 Stock 546,233 --
NPH SJ
 Northam Platinum Holdings Ltd 0.63
BBG0125542Z0
33,575
 Stock 545,290 --
NED SJ
 Nedbank Group Ltd 0.57
BBG000BFSBW3
39,804
 Stock 492,575 --
GGR SP
 Golden Agri-Resources Ltd 0.47
BBG000BK1581
1,795,500
 Stock 410,501 --
REM SJ
 Remgro Ltd 0.41
BBG000C55RJ9
36,685
 Stock 356,654 --
BTG US
 B2gold Corp 0.40
BBG000V9KFD5
70,607
 Stock 349,505 --
CLS SJ
 Clicks Group Ltd 0.40
BBG000BWY9T8
17,097
 Stock 349,263 --
INVP LN
 Investec Plc 0.37
BBG000C0TDQ7
43,358
 Stock 324,249 --
PPH SJ
 Pepkor Holdings Ltd 0.32
BBG00HDGJ2C4
197,869
 Stock 278,963 --
VOD SJ
 Vodacom Group Ltd 0.31
BBG000BD5GF1
34,952
 Stock 270,033 --
OUT SJ
 Outsurance Group Ltd 0.30
BBG001BNQDW2
63,389
 Stock 263,440 --
SSL US
 Sasol Ltd 0.29
BBG000BBNC37
40,572
 Stock 252,358 --
OMU SJ
 Old Mutual Ltd 0.26
BBG00KRBWLT8
296,987
 Stock 223,344 --
MRP SJ
 Mr Price Group Ltd 0.25
BBG000BTPJN9
18,288
 Stock 215,875 --
WHL SJ
 Woolworths Holdings Ltd/South Africa 0.23
BBG000BV1BQ4
68,455
 Stock 199,542 --
BVT SJ
 Bidvest Group Ltd/The 0.23
BBG000BFBR74
16,085
 Stock 197,486 --
MTM SJ
 Momentum Metropolitan Holdings 0.19
BBG000K2YQD3
87,801
 Stock 166,874 --
GRT SJ
 Growthpoint Properties Ltd 0.19
BBG000BFGWM1
194,663
 Stock 166,201 --
TBS SJ
 Tiger Brands Ltd 0.18
BBG000C3KV44
8,885
 Stock 159,011 --
APN SJ
 Aspen Pharmacare Holdings Ltd 0.18
BBG000BP97L3
28,126
 Stock 154,499 --
EXX SJ
 Exxaro Resources Ltd 0.17
BBG000CF7Z98
14,424
 Stock 143,592 --
AVI SJ
 Avi Ltd 0.16
BBG000BF9VM1
23,584
 Stock 135,223 --
SCATC NO
 Scatec Asa 0.14
BBG00747Z8D4
12,355
 Stock 121,976 --
ARI SJ
 African Rainbow Minerals Ltd 0.13
BBG000BP6Q52
10,530
 Stock 109,633 --
KIO SJ
 Kumba Iron Ore Ltd 0.12
BBG000PPVK43
5,751
 Stock 108,286 --
AVZ AU
 Avz Minerals Ltd 0.11
BBG000GDY0D1
1,399,901
 Stock 94,634 --
LHC SJ
 Life Healthcare Group Holdings Ltd 0.09
BBG000BC1ND4
120,291
 Stock 80,810 --
DLTA ZH
 Delta Corp Ltd/Zimbabwe 0.01
BBG000BLMWL2
15,980
 Stock 8,396 --
EMN SJ
 E Media Holdings Ltd 0.00
BBG000BLFR13
14,965
 Stock 1,561 --
ECO ZH
 Econet Wireless Zimbabwe Ltd 0.00
BBG000C90H80
2,231
 Stock 400 --
TNCI ZH
 Tn Cybertech Investments Holdings Ltd 0.00
BBG00MTHXTT1
32,900
 Stock 133 --
ABOAE MC
 Bank Of Africa 0.00
BBG01Q3PLBP7
21
 Stock 9 --
-NGN CASH-
 0.08
--
105,206,438
 Cash Bal 70,901 --
-GBP CASH-
 0.00
--
62
 Cash Bal 83 --
-ZAR CASH-
 0.00
--
102
 Cash Bal 6 --
-NOK CASH-
 0.00
--
9
 Cash Bal 1 --
-KES CASH-
 0.00
--
0
 Cash Bal 0 --
-EUR CASH-
 0.00
--
21
 Cash Bal 25 --
-AUD CASH-
 0.00
--
0
 Cash Bal 0 --
-USD CASH-
 -0.07
--
-59,349
 Cash Bal -59,349 --
--
Other/Cash 0.62
--
0
 Cash 538,298 --
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Portfolio

3-YR Risk Measures as of 08/31/2025

  • Beta vs. S&P 500 Index
    1.07
  • Correlation vs. S&P 500 Index
    0.83
  • Volatility (Standard Deviation)
    18.80
  • Sharpe Ratio
    0.44

Currency Exposure (%) as of 08/31/2025

South African Rand 24.36
U.S. Dollar 22.60
Moroccan Dirham 16.98
British Pound 12.27
Nigeria Naira 6.80
Canadian Dollar 5.89
Kenyan Shilling 5.31
Australian Dollar 4.99
Singapore Dollar 0.41
Norwegian Krone 0.16
Zimbabwe Gold 0.01
Other/Cash 0.21

Sector Weightings (%) as at 08/31/2025

  • Sector

    % of Net Assets

  • Financials

    33.45

  • Materials

    31.20

  • Communication Services

    13.13

  • Consumer Discretionary

    9.98

  • Energy

    4.64

  • Consumer Staples

    3.57

  • Industrials

    3.17

  • Health Care

    0.31

  • Real Estate

    0.19

  • Utilities

    0.16

  • Other/Cash

    0.21

Country Weightings (%) as at 08/31/2025

  • Country

    % of Net Assets

  • South Africa

    32.08

  • Morocco

    14.76

  • Canada

    8.06

  • United Kingdom

    7.48

  • Nigeria

    6.80

  • United States

    5.58

  • Kenya

    5.31

  • Australia

    4.99

  • Burkina Faso

    2.80

  • Egypt

    2.66

  • India

    2.54

  • Zambia

    2.47

  • United Arab Emirates

    2.23

  • Tanzania

    1.46

  • Indonesia

    0.41

  • Norway

    0.16

  • Zimbabwe

    0.01

  • Other/Cash

    0.21

Distributions

Yields  as of  09/30/2025

Distribution Frequency

Annual

30-Day SEC Yield

1.41%

Distribution Yield

--

12 Month Yield

--

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Africa Index ETF would have been 1.50% on 09/30/25. Distributions may vary from time to time.

Distribution History

Year Ex-date Record
Date 		Payable date Dividend
Income‡ 		Short-Term
Capital Gains 		Long-Term
Capital Gains 		Return of
Capital 		Total
Distributions
2024 12/23/2024 12/23/2024 12/24/2024 -- -- -- -- $ 0.00
2023 12/18/2023 12/19/2023 12/22/2023 $ 0.3136 -- -- -- $ 0.31
2022 12/19/2022 12/20/2022 12/23/2022 $ 0.5759 -- -- -- $ 0.58
2021 12/20/2021 12/21/2021 12/27/2021 $ 0.8390 -- -- -- $ 0.84
2020 12/21/2020 12/22/2020 12/28/2020 $ 0.7960 -- -- -- $ 0.80
2019 12/23/2019 12/24/2019 12/30/2019 $ 1.2858 -- -- -- $ 1.29
2018 12/20/2018 12/21/2018 12/27/2018 $ 0.3360 -- -- -- $ 0.34
2017 12/18/2017 12/19/2017 12/22/2017 $ 0.4940 -- -- -- $ 0.49
2016 12/19/2016 12/21/2016 12/23/2016 $ 0.5280 -- -- -- $ 0.53
2015 12/21/2015 12/23/2015 12/28/2015 $ 0.3850 -- -- -- $ 0.39
2014 12/22/2014 12/24/2014 12/29/2014 $ 0.7570 -- -- -- $ 0.76
2013 12/23/2013 12/26/2013 12/30/2013 $ 0.8290 -- -- -- $ 0.83
2012 12/24/2012 12/27/2012 12/31/2012 $ 1.0630 -- -- -- $ 1.06
2011 12/23/2011 12/28/2011 12/30/2011 $ 0.9710 -- -- -- $ 0.97
2010 12/23/2010 12/28/2010 12/30/2010 $ 0.3840 -- -- -- $ 0.38
2009 12/23/2009 12/28/2009 12/30/2009 $ 0.2290 -- -- -- $ 0.23
2008 12/26/2008 12/29/2008 12/31/2008 $ 0.1900 -- -- -- $ 0.19

‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information

Team

Literature

AFK