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VanEck Vectors Egypt Index ETF

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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 04/03/20

  • 30-Day SEC Yield1

    3.85%

  • Total Net Assets

    $31.1M

  • Number of Holdings

    78

  • Options

    Expected

  • Gross Expense Ratio2

    0.91%

  • Net Expense Ratio/TER2

    0.78%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/18/2020

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

    2,450,000

  • Estimated Cash

    AFKEU

  • Total Cash

    AFKTC

  • CUSIP

    92189F866

  • ISIN

    US92189F8665
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.41%

  • Gross Expense Ratio

    0.91%

  • Fee Waivers and
    Expense Reimbursement

    -0.13%

  • Net Expense Ratio/TER2

    0.78%
2Expenses for AFK are capped contractually at 0.78% until May 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 04/03/20

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 $12.70
$12.21		 23,716
30,699		 -$0.13 / -1.03%
$-0.24 / -1.93%		 -38.05%
-39.81%
 $-0.49
-3.85%		 0.82%

Premium/Discount History as of 04/03/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 11 0 6 0 19
AFK Days closed at NAV 3 0 1 1 2
Days closed at a discount 238 63 57 63 41

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) -9.55 -10.99 -15.11 -15.34 -1.99 -4.59 -2.13 -4.53
AFK (Share Price) -8.89 -9.14 -13.60 -14.20 -2.53 -4.65 -2.10 -4.46
MVAFKTR (Index)5 -10.29 -11.09 -15.53 -15.62 -2.32 -3.49 -1.02 -3.33
Performance Differential (NAV - Index) 0.74 0.10 0.42 0.28 0.33 -1.10 -1.11 -1.20
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) 4.85 7.56 8.52 8.52 4.02 -1.97 -0.35 -3.22
AFK (Share Price) 5.16 8.17 9.76 9.76 4.22 -1.95 -0.52 -3.30
MVAFKTR (Index)5 5.25 8.15 8.76 8.76 5.11 -0.86 0.78 -1.94
Performance Differential (NAV - Index) -0.40 -0.59 -0.24 -0.24 -1.09 -1.11 -1.13 -1.28

*Returns less than one year are not annualized.

5Index 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.

The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 02/29/20 Daily Holdings

Total Holdings: 82
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
NASPERS LTD
NPN SJ
24,211
3,753,892 8.80
ATTIJARIWAFA BANK
ATW MC
57,110
2,937,772 6.89
SAFARICOM PLC
SAFCOM KN
8,650,700
2,384,926 5.59
COMMERCIAL INTERNATIONAL BANK EGYPT SAE
CBKD LI
423,549
2,075,390 4.87
BANQUE CENTRALE POPULAIRE
BCP MC
66,834
1,882,198 4.41
BARRICK GOLD CORP
GOLD US
90,115
1,715,790 4.02
MAROC TELECOM
IAM MC
111,071
1,715,222 4.02
ANGLO AMERICAN PLC
AAL LN
65,463
1,534,353 3.60
GUARANTY TRUST BANK PLC
GUARANTY NL
22,923,121
1,511,098 3.54
EQUITY GROUP HOLDINGS PLC/KENYA
EQBNK KN
2,868,100
1,282,426 3.01
Top 10 Total (%) 48.75
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 02/29/20

  • Country

    % of Net Assets
  • ■

    South Africa

    35.88
  • ■

    Morocco

    15.35
  • ■

    Canada

    9.17
  • ■

    Kenya

    8.60
  • ■

    Nigeria

    6.14
  • ■

    Egypt

    5.73
  • ■

    Uae

    4.02
  • ■

    Ghana

    3.39
  • ■

    China

    2.69
  • ■

    United Kingdom

    1.99
  • ■

    Zambia

    1.98
  • ■

    Switzerland

    1.75
  • ■

    India

    1.58
  • ■

    Singapore

    1.49
  • ■

    United States

    0.51
  • ■

    Zimbabwe

    0.03
  • ■

    Other/Cash

    -0.30

Sector Weightings (%) as of 02/29/20

  • Sector

    % of Net Assets
  • ■

    Financials

    37.2
  • ■

    Materials

    22.5
  • ■

    Communication Services

    13.6
  • ■

    Consumer Discretionary

    11.8
  • ■

    Consumer Staples

    9.0
  • ■

    Energy

    3.6
  • ■

    Real Estate

    1.0
  • ■

    Health Care

    1.0
  • ■

    Industrials

    0.5
  • ■

    Other/Cash

    -0.3