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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 09/27/16

    • 30-Day SEC Yield1

      1.11%
    • Total Net Assets

      $70.3M
    • 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
  • 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
    Index constituents must be incorporated in, or generate the majority of revenues in, Africa
  • Trading Information

    • Fund Ticker

      AFK
    • Index Total Return Ticker

      MVAFKTR
    • NAV

      AFKNV
    • Intraday NAV (IIV)4

      AFKIV
    • Shares Outstanding

      3,400,000
    • Estimated Cash

      AFKEU
    • Total Cash

      AFKTC
    • CUSIP

      92189F866
    • ISIN

      US92189F8665
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.32%
    • Gross Expense Ratio

      0.82%
    • Fee Waivers and
      Expense Reimbursement

      -0.03%
    • Net Expense Ratio/TER2

      0.79%
    2 Expenses for AFK are capped contractually at 0.78% until at least May 1, 2017. Cap excludes certain expenses, such as interest.
  • Prices as of 09/27/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    AFK $20.67
    $20.56
    13,697
    1,509
    -$0.03 / -0.12%
    $0.06 / +0.27%
    +14.2%
    +15.5%
    $-0.12
    -0.58%
  • View All Indices » View All ETFs » 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) -3.56 -0.68 12.31 1.23 -8.83 -4.71 -- -6.06
    AFK (Share Price) -2.93 2.38 13.77 0.65 -8.60 -4.62 -- -6.11
    MVAFKTR (Index) 5 -3.58 -0.30 12.92 2.21 -7.76 -3.64 -- -4.84
    Performance Differential (NAV - Index) 0.02 -0.38 -0.61 -0.98 -1.07 -1.07 -- -1.22
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/10/08
    AFK (NAV) -1.27 6.42 11.65 -16.02 -7.00 -6.29 -- -6.25
    AFK (Share Price) 1.47 6.03 12.76 -15.89 -7.10 -6.36 -- -6.34
    MVAFKTR (Index) 5 -1.30 6.50 11.79 -15.52 -6.20 -5.32 -- -5.06
    Performance Differential (NAV - Index) 0.03 -0.08 -0.14 -0.50 -0.80 -0.97 -- -1.19
  • Daily Holdings »Top 10 Holdings (%) as of 08/31/16

    Total Holdings: 84
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Commercial International Bank Egypt Sae
    CBKD LI
    1,539,410
    6,468,6019.22
    Naspers Ltd
    NPN SJ
    25,746
    4,216,6646.01
    Centamin Plc
    CEY LN
    2,017,946
    3,925,5325.59
    Guaranty Trust Bank Plc
    GUARANTY NL
    44,684,876
    3,754,6685.35
    Safaricom Ltd
    SAFCOM KN
    15,866,900
    3,134,2024.47
    Global Telecom Holding Sae
    GLTD LI
    1,395,786
    2,777,6143.96
    Nigerian Breweries Plc
    NB NL
    5,778,540
    2,566,5703.66
    Tullow Oil Plc
    TLW LN
    791,834
    2,258,1923.22
    Iamgold Corp
    IAG US
    599,569
    2,218,4053.16
    Attijariwafa Bank
    ATW MC
    60,175
    2,146,9183.06
    Top 10 Total (%)47.70
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • 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
  • 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