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AFK
VanEck 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 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
  • Commencement

    07/10/2008

 
as of 12/10/19

  • 30-Day SEC Yield1

    2.68%
  • Total Net Assets

    $52.8M
  • Number of Holdings

    84
  • Options

    Expected
  • Gross Expense Ratio2

    0.91%
  • Net Expense Ratio/TER2

    0.78%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/20/2019

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 11/30/19 Download All Index Constituents

Total Constituents: 82
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full data
Constituent Name
Ticker
Weightings (%)
Naspers Ltd-N Shs
NPN SJ
6.84
Guaranty Trust Bank
GUARANTY NL
6.23
Safaricom Ltd
SAFCOM KN
6.14
Attijariwafa Bank
ATW MC
4.76
Commercial Intl Bank-Gdr Reg
CBKD LI
4.27
Maroc Telecom
IAM MC
3.74
Zenith Bank Plc
ZENITHBA NL
3.66
Mtn Nigeria Communications P
MTNN NL
3.55
Equity Bank Ltd
EQBNK KN
3.53
First Quantum Minerals Ltd
FM CN
3.30
Top 10 Total (%) 46.02
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 11/30/19

  • Country

    Weightings (%)
  • South Africa

    31.1
  • Nigeria

    15.9
  • Morocco

    14.4
  • Kenya

    11.3
  • Canada

    9.8
  • United Kingdom

    5.7
  • Egypt

    4.3
  • China

    2.3
  • Ghana

    1.1
  • Germany

    1.1
  • India

    0.9
  • Singapore

    0.7
  • Australia

    0.7
  • United States

    0.4
  • Uae

    0.3
  • OTHERS

    0.0

Index Sector Weightings (%) as of 11/30/19

  • Sector

    Weightings (%)
  • Financials

    38.1
  • Materials

    20.2
  • Communication Services

    15.4
  • Consumer Discretionary

    10.4
  • Consumer Staples

    9.0
  • Energy

    3.8
  • Real Estate

    1.4
  • Health Care

    1.1
  • Industrials

    0.7
  • OTHERS

    0.0