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AFK
VanEck 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

    MV Index Solutions
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVAFKTR

 
as of 09/17/21

  • 30-Day SEC Yield1

    2.17%
  • Total Net Assets

    $63.6M
  • Number of Holdings

    75
  • Options

    Expected
  • Gross Expense Ratio2

    0.92%
  • Net Expense Ratio/TER2

    0.79%
  • Distribution Frequency

    Annual

Index Key Points

Underlying Index: MVIS GDP Africa Index (MVAFKTR) 

The Index comprises:

A diversified group of companies through which market participants gain direct or indirect exposure to a broad range of African countries, including less developed frontier markets

Companies eligible for inclusion in Index:

  • Incorporated and primarily listed in Africa, or generating at least 50% of their revenues/related assets in Africa
  • Market cap exceeding $150 million
  • Three-month average daily trading volume of at least $1 million at the current Index review and also during the previous two reviews
  • At least 250,000 shares traded per month over the last six months at the current Index review and also during the previous two reviews
  • Traded on recognized domestic or international stock exchanges

Index provider:

 MV Index Solutions 

Index Profile

  • Ticker

    MVAFKTR
  • Inception Date

    12/31/2005
  • Rebalance Frequency

    Quarterly

Index Top 10 Constituents (%) as of 08/31/21

Total Constituents: 71
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full data
Constituent Name
Ticker
Weightings (%)
Safaricom Ltd
SAFCOM KN
6.98
Naspers Ltd-N Shs
NPN SJ
6.18
Attijariwafa Bank
ATW MC
5.59
Commercial Intl Bank-Gdr Reg
CBKD LI
4.95
Anglo American Plc
AAL LN
4.55
Maroc Telecom
IAM MC
4.51
Mtn Nigeria Communications P
MTNN NL
4.26
Guaranty Trust Holding Co Pl
GTCO NL
4.09
Ivanhoe Mines Ltd
IVN CN
3.99
Zenith Bank Plc
ZENITHBA NL
3.43
Top 10 Total (%) 48.53
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/21

  • Country

    Weightings (%)
  • South Africa

    32.3
  • Morocco

    16.7
  • Nigeria

    13.7
  • Kenya

    11.1
  • Canada

    7.7
  • Egypt

    6.1
  • Germany

    3.1
  • Burkina Faso

    2.6
  • Zambia

    2.4
  • China

    2.0
  • India

    0.9
  • Singapore

    0.7
  • United States

    0.4
  • Norway

    0.3
  • Switzerland

    0.2

Index Sector Weightings (%) as of 08/31/21

  • Sector

    Weightings (%)
  • Financials

    29.0
  • Materials

    26.6
  • Communication Services

    18.0
  • Consumer Discretionary

    11.4
  • Consumer Staples

    8.4
  • Health Care

    1.0
  • Real Estate

    0.5
  • Industrials

    0.4
  • Utilities

    0.3
  • Energy

    0.2
  • OTHERS

    4.1