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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

    Bank of New York Mellon
  • Index Ticker

    MVAFKTR
  • Commencement

    07/10/2008

 
as of 08/19/19

  • 30-Day SEC Yield1

    2.91%
  • Total Net Assets

    $52.0M
  • 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 07/31/19 Download All Index Constituents

Total Constituents: 81
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full data
Constituent Name
Ticker
Weightings (%)
Naspers Ltd-N Shs
NPN SJ
8.45
Safaricom Ltd
SAFCOM KN
5.40
Attijariwafa Bank
ATW MC
5.38
Guaranty Trust Bank
GUARANTY NL
5.35
Commercial Intl Bank-Gdr Reg
CBKD LI
4.11
Maroc Telecom
IAM MC
4.08
Banque Centrale Populaire
BCP MC
3.64
Zenith Bank Plc
ZENITHBA NL
3.35
Tullow Oil Plc
TLW LN
3.19
Ivanhoe Mines Ltd
IVN CN
3.17
Top 10 Total (%) 46.12
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 07/31/19

  • Country

    Weightings (%)
  • South Africa

    31.5
  • Morocco

    16.1
  • Nigeria

    12.2
  • Canada

    10.7
  • Kenya

    9.6
  • United Kingdom

    6.1
  • Egypt

    4.1
  • Germany

    2.9
  • China

    2.1
  • Ghana

    1.6
  • Singapore

    1.0
  • India

    0.8
  • Australia

    0.7
  • United States

    0.4
  • Uae

    0.2

Index Sector Weightings (%) as of 07/31/19

  • Sector

    Weightings (%)
  • Financials

    36.6
  • Materials

    19.6
  • Consumer Discretionary

    13.8
  • Communication Services

    11.7
  • Consumer Staples

    10.3
  • Energy

    5.1
  • Real Estate

    1.4
  • Health Care

    0.9
  • Industrials

    0.6