EGPTVanEck Egypt Index ETF
Fund Description
VanEck Egypt Index ETF (EGPT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Egypt Index (MVEGPTTR), which includes securities of companies that are incorporated in Egypt or that are incorporated outside Egypt but have at least 50% of their revenues/related assets in Egypt.
-
Fund Ticker
EGPT -
Exchange
NYSE Arca -
Inception Date
02/16/2010 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVEGPTTR -
Index Rebalancing
Quarterly
as of 03/30/23
-
30-Day SEC Yield1
1.44% -
Total Net Assets
$12.0M -
Number of Holdings
26 -
Options
No -
Gross Expense Ratio2
1.10% -
Net Expense Ratio/TER2
1.02% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
Fund Highlights
- Nation's First ETF Focused Exclusively on Egypt
Convenient access to the third-largest economy in Africa6
- Index Allows All-Cap Exposure
With mid- to small-cap tilt7
- Pure Play
Companies must be incorporated in, or derive at least 50% of total revenues from Egypt to be added to the index
Trading Information
-
Fund Ticker
EGPT -
Index Total Return Ticker
MVEGPTTR -
NAV
EGPTNV -
Intraday NAV (IIV)4
EGPTIV -
Shares Outstanding
674,974 -
Estimated Cash
EGPTEU -
Total Cash
EGPTTC -
CUSIP
92189F775 -
ISIN
US92189F7758
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.60% -
Gross Expense Ratio
1.10% -
Fee Waivers and
-0.08%
Expense Reimbursement -
Net Expense Ratio/TER2
1.02%
2 Expenses for EGPT are capped contractually at 0.94% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Periods with Elevated Premiums/Discounts
End Date | Trading Days | Reason / Contributing Factors |
---|---|---|
03/02/23 | 7 | Time Zone Differences |
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 02/16/10 |
|
---|---|---|---|---|---|---|---|---|
EGPT (NAV) | -1.78 | -0.27 | -8.60 | -23.67 | -9.70 | -9.79 | -7.34 | -8.72 |
EGPT (Share Price) | -1.46 | -2.45 | -9.46 | -24.76 | -9.50 | -9.90 | -7.49 | -8.85 |
MVEGPTTR (Index) | -1.21 | 2.13 | -7.34 | -19.58 | -6.89 | -7.74 | -4.18 | -6.48 |
Performance Differential (NAV - Index) | -0.57 | -2.40 | -1.26 | -4.09 | -2.81 | -2.05 | -3.16 | -2.24 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 02/16/10 |
|
---|---|---|---|---|---|---|---|---|
EGPT (NAV) | 9.12 | 14.30 | -23.67 | -23.67 | -9.40 | -7.27 | -7.03 | -8.19 |
EGPT (Share Price) | 7.75 | 13.58 | -24.61 | -24.61 | -9.47 | -7.35 | -7.12 | -8.25 |
MVEGPTTR (Index) | 10.22 | 16.18 | -20.73 | -20.73 | -7.06 | -5.22 | -3.96 | -6.01 |
Performance Differential (NAV - Index) | -1.10 | -1.88 | -2.94 | -2.94 | -2.34 | -2.05 | -3.07 | -2.18 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Commercial International Bank Egypt Sae |
CBKD LI
|
1,119,014
|
1,659,801 | 9.62 |
Eastern Co Sae |
EAST EY
|
2,612,299
|
1,579,490 | 9.15 |
Abou Kir Fertilizers & Chemical Industr |
ABUK EY
|
784,776
|
1,069,149 | 6.20 |
E-Finance For Digital & Financial Inves |
EFIH EY
|
1,431,262
|
869,069 | 5.04 |
Cairn Energy Plc |
CNE LN
|
273,853
|
826,861 | 4.79 |
Talaat Moustafa Group |
TMGH EY
|
2,567,237
|
819,620 | 4.75 |
Centamin Plc |
CEY LN
|
637,965
|
786,936 | 4.56 |
Telecom Egypt Co |
ETEL EY
|
921,570
|
784,673 | 4.55 |
Elsewedy Electric Co |
SWDY EY
|
1,724,060
|
777,968 | 4.51 |
Egyptian Financial Group-Hermes Holding |
HRHO EY
|
1,138,605
|
767,570 | 4.45 |
Top 10 Total (%) | 57.62 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● Egypt | 93.56 |
● United Kingdom | 4.79 |
● United Arab Emirates | 1.56 |
● Other/Cash | 0.08 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Materials | 20.59 |
● Financials | 20.50 |
● Real Estate | 14.97 |
● Information Technology | 9.29 |
● Consumer Staples | 9.15 |
● Consumer Discretionary | 7.55 |
● Energy | 4.79 |
● Communication Services | 4.55 |
● Industrials | 4.51 |
● Health Care | 4.01 |
● Other/Cash | 0.08 |