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AFK Market 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 offshore listings of companies incorporated outside of Africa but that generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in Africa.

  •  
      

    • Fund Ticker

      AFK
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVAFKTR
    • Index Provider

      MV Index Solutions
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVAFKTR
    • Commencement

      07/10/2008
  •  
    as of 09/28/16

    • 30-Day SEC Yield1

      1.02%
    • Total Net Assets

      $71.0M
    • Number of Holdings

      84
    • Options

      Expected
    • Gross Expense Ratio2

      0.82%
    • Net Expense Ratio/TER2

      0.79%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Fundamentals
    as of 08/31/16

    • Weighted Average Market Cap

      $9.5B
    • Price/Earnings Ratio
      (Last 12 Months)*

      12.58
    • Price/Book Ratio
      (Last 12 Months)*

      1.44
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 08/31/16

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      38.5%
    • Mid ($1.0 - $5.0B)

      56.7%
    • Small (<$1.0B)

      5.0%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 08/31/16

    • Beta vs. S&P 500 Index

      0.83
    • Correlation vs. S&P 500 Index

      0.52
    • Volatility (Standard Deviation)

      17.32
    • Sharpe Ratio

      -0.51

    Source: VanEck, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • SOUTH AFRICA

      22.82
    • UNITED KINGDOM

      14.57
    • EGYPT

      13.62
    • NIGERIA

      9.97
    • CANADA

      8.98
    • NETHERLANDS

      7.62
    • MOROCCO

      7.43
    • KENYA

      4.47
    • UNITED STATES

      3.68
    • UAE

      3.02
    • INDONESIA

      2.38
    • SWITZERLAND

      1.66
    • Other/Cash

      -0.22
  • Portfolio Composition (%)
    as of 09/28/16

    • % of Net Assets
    • Stocks

      99.89
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      0.11
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Financials

      35.4
    • Materials

      18.8
    • Telecommunication Services

      13.1
    • Consumer Discretionary

      11.0
    • Consumer Staples

      9.8
    • Energy

      6.7
    • Real Estate

      3.5
    • Health Care

      1.7
    • Industrials

      0.3
    • Other/Cash

      -0.2
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      24.65
    • South African Rand

      21.00
    • Nigeria Naira

      15.30
    • British Pound

      11.76
    • Moroccan Dirham

      10.45
    • Canadian Dollar

      4.65
    • Kenyan Shilling

      4.47
    • Egyptian Pound

      4.41
    • Singapore Dollar

      2.38
    • Swedish Krona

      1.17
    • Other/Cash

      -0.22