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Africa Index ETF AFK

  • Full Name: Market Vectors®
    Africa Index ETF (AFK)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP Africa Index (MVAFKTR)

    Index Description: MVAFKTR tracks the performance of the largest and most liquid companies in Africa. The weighting of a country in the index is determined by the size of its gross domestic product.

  •  
     

    • Fund Ticker

      AFK
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVAFKTR
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $116.2M
    • Shares Outstanding

      3,650,000
    • Number of Holdings

      112
    • Commencement Date

      07/10/2008
  •  
    as of 04/16/14

  • 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 
    Index constituents must be headquartered in, or generate the majority of revenues in, Africa

  • Trading Information

    • Fund Ticker

      AFK
    • Index Total Return Ticker

      MVAFKTR
    • NAV

      AFKNV
    • Intraday NAV (IIV)4

      AFKIV
    • Shares Outstanding

      3,650,000
    • Estimated Cash

      AFKEU
    • Total Cash

      AFKTC
    • CUSIP

      57060U787
    • ISIN

      US57060U7871
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.41%
    • Gross Expense Ratio

      0.91%
    • Fee Waivers and
      Expense Reimbursement

      (0.11)%
    • Net Expense Ratio

      0.80%
    2 Expenses AFK are capped contractually at 0.78% until at least May 1, 2014. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.
  • Prices as of 04/16/2014

    NAV/
    Last 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
    NAV
    Chart
    AFK $31.83
    $31.94
    30,800
    7,190
    $0.10 / +0.3%
    $0.21 / +0.7%
    + 2.9%
    + 3.3%

    $0.11
    0.34%
  • View All Indices » View All ETFs » 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) 0.19 0.81 0.81 6.61 1.24 12.51 -- -2.26
    AFK (Share Price) -0.80 0.61 0.61 5.21 0.85 12.10 -- -2.30
    MVAFKTR (Index) 5 0.12 0.95 0.95 8.14 2.16 13.75 -- -0.95
    Performance Differential (NAV - Index) 0.07 -0.14 -0.14 -1.53 -0.92 -1.24 -- -1.31
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/10/08
    AFK (NAV) 0.19 0.81 0.81 6.61 1.24 12.51 -- -2.26
    AFK (Share Price) -0.80 0.61 0.61 5.21 0.85 12.10 -- -2.30
    MVAFKTR (Index) 5 0.12 0.95 0.95 8.14 2.16 13.75 -- -0.95
    Performance Differential (NAV - Index) 0.07 -0.14 -0.14 -1.53 -0.92 -1.24 -- -1.31
  • View All Holdings » Top 10 Holdings (%) as of 03/31/14

    Total Holdings: 111
    Holding Name
    Ticker
    Shares Market Value
    (US$)
    % of Net
    Assets
    Commercial International Bank Egypt Sae
    CBKD LI
    1,744,232
    8,902,037 7.82
    Guaranty Trust Bank Plc
    GUARANTY NL
    33,546,949
    5,480,148 4.82
    Acergy Sa
    SUBC NO
    284,703
    5,284,266 4.64
    Zenith Bank Plc
    ZENITHBA NL
    31,134,777
    4,112,770 3.61
    Orascom Telecom Holding Sae
    GLTD LI
    1,205,070
    4,007,972 3.52
    Nigerian Breweries Plc
    NB NL
    3,965,339
    3,771,905 3.31
    Anglo American Plc
    AAL LN
    122,449
    3,193,030 2.81
    Attijariwafa Bank
    ATW MC
    82,437
    3,163,067 2.78
    Naspers Ltd
    NPN SJ
    28,618
    3,156,531 2.77
    Tullow Oil Plc
    TLW LN
    242,397
    3,029,214 2.66
    Top 10 Total (%) 38.74
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • SOUTH AFRICA

      20.5
    • EGYPT

      19.0
    • NIGERIA

      16.7
    • UNITED KINGDOM

      14.3
    • MOROCCO

      6.7
    • FRANCE

      4.0
    • LUXEMBOURG

      3.6
    • NETHERLANDS

      3.3
    • CANADA

      2.9
    • ZAMBIA

      2.0
    • TANZANIA

      1.7
    • KENYA

      1.5
    • IRELAND

      1.4
    • AUSTRALIA

      1.0
    • SINGAPORE

      1.0
    • U.S.

      0.9
    • SIERRA LEONE

      0.4
    • Other

      -0.7
    • Total

      100.2
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      Weightings (%)
    • Financials

      39.3
    • Energy

      19.5
    • Materials

      15.0
    • Telecommunication Services

      11.6
    • Consumer Staples

      7.5
    • Consumer Discretionary

      4.7
    • Health Care

      1.2
    • n/a

      1.0
    • Industrials

      0.9
    • Other

      -0.7
    • Total

      100.0