Related Funds
AFKVanEck Africa Index ETF
Fund Description
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.
-
Fund Ticker
AFK -
Exchange
NYSE Arca -
Index Total Return Ticker
MVAFKTR -
Index Provider
MarketVector Indexes -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVAFKTR -
Inception Date
07/10/2008
as of 05/18/22
-
30-Day SEC Yield1
2.75% -
Total Net Assets
$55.0M -
Number of Holdings
79 -
Options
Available -
Gross Expense Ratio2
0.77% -
Net Expense Ratio/TER2
0.77% -
Distribution Frequency
Annual -
Next Distribution Date
12/16/2022
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
2,950,000 -
Estimated Cash
AFKEU -
Total Cash
AFKTC -
CUSIP
92189F866 -
ISIN
US92189F8665
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.27% -
Gross Expense Ratio
0.77% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.77%
2Expenses for AFK are capped contractually at 0.78% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
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
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) | -7.29 | -3.67 | -2.09 | -4.54 | 0.66 | 2.31 | -0.96 | -2.42 |
AFK (Share Price) | -8.19 | -4.92 | -3.03 | -6.08 | 0.63 | 1.98 | -1.06 | -2.46 |
MVAFKTR (Index)5 | -6.90 | -2.69 | -1.79 | -3.17 | 1.76 | 2.87 | 0.28 | -1.13 |
Performance Differential (NAV - Index) | -0.39 | -0.98 | -0.30 | -1.37 | -1.10 | -0.56 | -1.24 | -1.29 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 07/10/08 |
|
---|---|---|---|---|---|---|---|---|
AFK (NAV) | 0.60 | 5.61 | 5.61 | 6.46 | 4.08 | 4.10 | -0.07 | -1.90 |
AFK (Share Price) | -0.09 | 5.62 | 5.62 | 5.31 | 4.40 | 4.00 | -0.12 | -1.87 |
MVAFKTR (Index)5 | 1.08 | 5.49 | 5.49 | 7.42 | 5.07 | 4.79 | 1.16 | -0.62 |
Performance Differential (NAV - Index) | -0.48 | 0.12 | 0.12 | -0.96 | -0.99 | -0.69 | -1.23 | -1.28 |
Top 10 Holdings (%) as of 04/30/22 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Safaricom Plc |
SAFCOM KN |
12,011,100 |
3,464,684 | 5.98 |
Attijariwafa Bank |
ATW MC |
64,825 |
3,022,025 | 5.21 |
Mtn Nigeria Communications Plc |
MTNN NL |
5,504,453 |
2,832,833 | 4.89 |
Anglo American Plc |
AAL LN |
55,373 |
2,448,721 | 4.23 |
Commercial International Bank Egypt Sae |
CBKD LI |
1,065,821 |
2,392,768 | 4.13 |
Itissalat Al-Maghrib |
IAM MC |
167,761 |
2,251,115 | 3.88 |
Airtel Africa Plc |
AAF LN |
1,149,676 |
2,100,339 | 3.62 |
Guaranty Trust Holding Co Plc |
GTCO NL |
33,162,702 |
1,911,177 | 3.30 |
Zenith Bank Plc |
ZENITHBA NL |
31,485,703 |
1,858,795 | 3.21 |
Ivanhoe Mines Ltd |
IVN CN |
211,156 |
1,701,738 | 2.94 |
Top 10 Total (%) | 41.38 |
Country Weightings (%) as of 04/30/22
-
Country
% of Net Assets -
■
South Africa
31.92 -
■
Nigeria
13.21 -
■
Morocco
11.33 -
■
Kenya
9.84 -
■
United Kingdom
5.44 -
■
Australia
5.23 -
■
Egypt
5.12 -
■
Canada
5.09 -
■
Uae
3.88 -
■
Zambia
2.33 -
■
Tanzania
1.82 -
■
Germany
1.06 -
■
China
0.96 -
■
India
0.94 -
■
Indonesia
0.70 -
■
Burkina Faso
0.48 -
■
United States
0.46 -
■
Switzerland
0.23 -
■
Norway
0.17 -
■
Zimbabwe
0.13 -
■
Other/Cash
-0.35
Sector Weightings (%) as of 04/30/22
-
Sector
% of Net Assets -
■
Financials
33.0 -
■
Materials
27.3 -
■
Communication Services
22.0 -
■
Consumer Staples
8.0 -
■
Consumer Discretionary
6.1 -
■
Energy
1.8 -
■
Health Care
1.0 -
■
Real Estate
0.5 -
■
Industrials
0.5 -
■
Utilities
0.2 -
■
Other/Cash
-0.3