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AFK
VanEck Africa Index ETF

Fund Description

VanEck 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

    MarketVector Indexes
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVAFKTR
  • Inception Date

    07/10/2008

  as of 12/02/22

  • 30-Day SEC Yield1

    2.39%
  • Total Net Assets

    $49.4M
  • Number of Holdings

    85
  • Options

    Available
  • Gross Expense Ratio2

    0.77%
  • Net Expense Ratio/TER2

    0.77%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Fund Highlights

  • 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

    2,900,000
  • Estimated Cash

    AFKEU
  • Total Cash

    AFKTC
  • CUSIP

    92189F866
  • ISIN

    US92189F8665
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.27%
  • Gross Expense Ratio

    0.77%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.77%

2Expenses for AFK are capped contractually at 0.78% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 12/02/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
AFK $17.02
$17.38
9,970
9,225
$0.10 / +0.58%
$0.14 / --
--
--
$0.35
2.07%
0.41%

Premium/Discount History as of 12/02/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
AFK Days closed at a premium 219 59 47 41 59
Days closed at NAV 4 1 2 3 1
Days closed at a discount 29 4 13 18 4

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) 1.45 -11.62 -24.39 -25.57 -5.15 -4.98 -4.00 -4.09
AFK (Share Price) 2.47 -10.63 -23.25 -24.76 -4.30 -4.65 -3.95 -3.96
MVAFKTR (Index)5 1.41 -9.93 -23.19 -24.26 -3.61 -3.87 -2.70 -2.77
Performance Differential (NAV - Index) 0.04 -1.69 -1.20 -1.31 -1.54 -1.11 -1.30 -1.32
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) -9.78 -10.67 -25.47 -24.78 -5.27 -5.17 -4.18 -4.21
AFK (Share Price) -9.45 -10.24 -25.10 -24.42 -4.54 -4.95 -4.05 -4.15
MVAFKTR (Index)5 -8.28 -9.19 -24.26 -23.17 -3.70 -4.04 -2.86 -2.88
Performance Differential (NAV - Index) -1.50 -1.48 -1.21 -1.61 -1.57 -1.13 -1.32 -1.33

Top 10 Holdings (%) as of 10/31/22

Daily Holdings
Total Holdings: 84
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Safaricom Plc
SAFCOM KN
10,848,200
2,243,839 5.10
Anglo American Plc
AAL LN
67,383
2,026,412 4.61
Commercial International Bank Egypt Sae
CBKD LI
1,548,290
1,964,874 4.47
Mtn Nigeria Communications Plc
MTNN NL
4,744,794
1,835,462 4.17
Ivanhoe Mines Ltd
IVN CN
261,418
1,811,077 4.12
Attijariwafa Bank
ATW MC
48,999
1,721,805 3.91
Airtel Africa Plc
AAF LN
1,314,081
1,707,700 3.88
Kosmos Energy Ltd
KOS US
224,179
1,454,922 3.31
Naspers Ltd
NPN SJ
13,459
1,386,717 3.15
Equity Group Holdings Plc/Kenya
EQBNK KN
3,555,800
1,369,012 3.11
Top 10 Total (%) 39.83
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 10/31/22

Country % of Net Assets
South Africa 33.80
Nigeria 10.26
Kenya 9.55
Morocco 8.27
Canada 5.95
United Kingdom 5.76
Egypt 5.72
Australia 4.83
Tanzania 3.77
Ghana 3.31
United Arab Emirates 2.69
Zambia 2.25
China 1.23
Germany 0.92
India 0.61
United States 0.42
Indonesia 0.38
Switzerland 0.36
Norway 0.15
Zimbabwe 0.01
Other/Cash -0.25

Sector Weightings (%)
as of 10/31/22

Sector % of Net Assets
Financials 29.86
Materials 28.72
Communication Services 21.19
Consumer Staples 7.21
Consumer Discretionary 6.27
Energy 4.69
Health Care 1.14
Industrials 0.54
Real Estate 0.48
Utilities 0.15
Other/Cash -0.25

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