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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

 
as of 10/23/20

  • 30-Day SEC Yield1

    1.85%

  • Total Net Assets

    $44.7M

  • Number of Holdings

    74

  • Options

    Expected

  • Gross Expense Ratio2

    0.86%

  • Net Expense Ratio/TER2

    0.79%

  • Distribution Frequency

    Annual

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
    Companies must be incorporated in, or derive at least 50% of total revenues from Africa to be added to the index

Trading Information

  • Fund Ticker

    AFK

  • Index Total Return Ticker

    MVAFKTR

  • NAV

    AFKNV

  • Intraday NAV (IIV)4

    AFKIV

  • Shares Outstanding

    2,400,000

  • Estimated Cash

    AFKEU

  • Total Cash

    AFKTC

  • CUSIP

    92189F866

  • ISIN

    US92189F8665
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.36%

  • Gross Expense Ratio

    0.86%

  • Fee Waivers and
    Expense Reimbursement

    -0.07%

  • Net Expense Ratio/TER2

    0.79%
2Expenses for AFK are capped contractually at 0.78% until May 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 10/23/20

NAV/
Market 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 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
AFK $18.64
$18.40		 5,130
7,540		 $0.23 / +1.23%
$0.27 / +1.49%		 -9.09%
-9.29%
 $-0.24
-1.27%		 0.46%

Premium/Discount History as of 10/23/20

Calendar Year 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 11 0 19 9 12
AFK Days closed at NAV 3 1 2 0 0
Days closed at a discount 238 63 41 54 52

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) -1.26 6.81 -13.98 -7.48 -5.86 0.42 -3.07 -4.22
AFK (Share Price) -1.52 6.40 -14.00 -6.97 -6.04 0.49 -3.22 -4.29
MVAFKTR (Index)5 -1.45 7.85 -12.95 -5.86 -5.00 1.81 -1.90 -2.93
Performance Differential (NAV - Index) 0.19 -1.04 -1.03 -1.62 -0.86 -1.39 -1.17 -1.29
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) -1.26 6.81 -13.98 -7.48 -5.86 0.42 -3.07 -4.22
AFK (Share Price) -1.52 6.40 -14.00 -6.97 -6.04 0.49 -3.22 -4.29
MVAFKTR (Index)5 -1.45 7.85 -12.95 -5.86 -5.00 1.81 -1.90 -2.93
Performance Differential (NAV - Index) 0.19 -1.04 -1.03 -1.62 -0.86 -1.39 -1.17 -1.29

*Returns less than one year are not annualized.

†Index data prior to June 21, 2013 reflects that of the Dow Jones Africa Titans 50 Index (DJAFKT). From June 21, 2013, forward, the index data reflects that of the Fund's underlying index, MVIS GDP Africa Index (MVAFKTR). Index history which includes periods prior to June 21, 2013 reflects a blend of the performance of DJAFKT and MVAFKTR and is not intended for third party use.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Top 10 Holdings (%) as of 09/30/20 Daily Holdings

Total Holdings: 74
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
NASPERS LTD
NPN SJ
20,098
3,564,683 8.42
SAFARICOM PLC
SAFCOM KN
9,842,600
2,699,843 6.38
ATTIJARIWAFA BANK
ATW MC
56,388
2,182,651 5.16
MAROC TELECOM
IAM MC
144,014
2,116,239 5.00
ANGLO AMERICAN PLC
AAL LN
80,521
1,951,790 4.61
BARRICK GOLD CORP
GOLD US
64,378
1,809,666 4.28
GUARANTY TRUST BANK PLC
GUARANTY NL
23,855,389
1,742,664 4.12
BANQUE CENTRALE POPULAIRE
BCP MC
65,990
1,649,920 3.90
COMMERCIAL INTERNATIONAL BANK EGYPT SAE
CBKD LI
378,550
1,622,603 3.83
MTN NIGERIA COMMUNICATIONS PLC
MTNN NL
3,959,595
1,325,001 3.13
Top 10 Total (%) 48.83
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 09/30/20

  • Country

    % of Net Assets
  • ■

    South Africa

    32.80
  • ■

    Morocco

    16.96
  • ■

    Nigeria

    11.31
  • ■

    Kenya

    10.51
  • ■

    Canada

    7.78
  • ■

    Egypt

    5.20
  • ■

    Burkina Faso

    2.39
  • ■

    Indonesia

    2.39
  • ■

    Zambia

    2.34
  • ■

    Côte D'Ivoire

    2.33
  • ■

    India

    1.72
  • ■

    China

    1.31
  • ■

    Tanzania

    1.23
  • ■

    United States

    0.85
  • ■

    Norway

    0.38
  • ■

    United Kingdom

    0.32
  • ■

    Switzerland

    0.22
  • ■

    Zimbabwe

    0.01
  • ■

    Other/Cash

    -0.03

Sector Weightings (%) as of 09/30/20

  • Sector

    % of Net Assets
  • ■

    Financials

    30.6
  • ■

    Materials

    29.1
  • ■

    Communication Services

    16.2
  • ■

    Consumer Discretionary

    11.7
  • ■

    Consumer Staples

    9.6
  • ■

    Health Care

    1.0
  • ■

    Real Estate

    0.7
  • ■

    Industrials

    0.4
  • ■

    Utilities

    0.4
  • ■

    Energy

    0.2
  • ■

    Other/Cash

    0.0