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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

    MV Index Solutions
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVAFKTR

 
as of 09/24/21

  • 30-Day SEC Yield1

    2.21%
  • Total Net Assets

    $63.4M
  • Number of Holdings

    75
  • Options

    Expected
  • Gross Expense Ratio2

    0.92%
  • 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

    3,050,000
  • Estimated Cash

    AFKEU
  • Total Cash

    AFKTC
  • CUSIP

    92189F866
  • ISIN

    US92189F8665
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.42%
  • Gross Expense Ratio

    0.92%
  • Fee Waivers and
    Expense Reimbursement

    -0.13%
  • Net Expense Ratio/TER2

    0.79%
2Expenses for AFK are capped contractually at 0.78% until May 1, 2022. 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • 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 09/24/21

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 $20.79
$20.86
7,856
9,846
-$0.12 / -0.56%
$0.09 / +0.43%
+3.08%
+2.36%
$0.07
0.35%
0.41%

Premium/Discount History as of 09/24/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 67 12 27 45 54
AFK Days closed at NAV 2 0 0 3 0
Days closed at a discount 184 52 37 13 9

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) 1.27 -2.90 7.88 26.66 3.43 4.73 -0.10 -2.09
AFK (Share Price) 0.92 -2.88 7.61 28.66 3.57 5.03 0.08 -2.02
MVAFKTR (Index)5 1.08 -2.72 7.83 27.21 4.29 6.09 1.11 -0.82
Performance Differential (NAV - Index) 0.19 -0.18 0.05 -0.55 -0.86 -1.36 -1.21 -1.27
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/10/08
AFK (NAV) -3.75 3.97 6.93 35.81 0.95 4.67 -0.96 -2.18
AFK (Share Price) -3.19 4.00 7.26 38.57 1.54 5.15 -0.77 -2.07
MVAFKTR (Index)5 -3.51 4.09 6.96 38.10 1.79 6.13 0.24 -0.89
Performance Differential (NAV - Index) -0.24 -0.12 -0.03 -2.29 -0.84 -1.46 -1.20 -1.29


Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 73
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to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
SAFARICOM PLC
SAFCOM KN
11,622,100
4,504,081 6.79
NASPERS LTD
NPN SJ
25,643
4,443,153 6.70
ATTIJARIWAFA BANK
ATW MC
69,337
3,639,941 5.49
COMMERCIAL INTERNATIONAL BANK EGYPT SAE
CBKD LI
1,102,411
3,202,504 4.83
ITISSALAT AL-MAGHRIB
IAM MC
195,725
3,070,432 4.63
ANGLO AMERICAN PLC
AAL LN
70,938
2,999,153 4.52
MTN NIGERIA COMMUNICATIONS PLC
MTNN NL
6,712,969
2,805,522 4.23
IVANHOE MINES LTD
IVN CN
327,828
2,640,992 3.98
GUARANTY TRUST HOLDING CO PLC
GTCO NL
37,571,799
2,494,147 3.76
ZENITH BANK PLC
ZENITHBA NL
38,398,471
2,236,804 3.37
Top 10 Total (%) 48.30
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • South Africa

    32.22
  • Nigeria

    13.26
  • Morocco

    12.05
  • Kenya

    10.86
  • Canada

    6.19
  • Egypt

    5.93
  • Uae

    4.63
  • Germany

    3.02
  • Côte D'Ivoire

    2.65
  • Zambia

    2.29
  • China

    2.04
  • Burkina Faso

    1.55
  • India

    0.87
  • Tanzania

    0.74
  • Indonesia

    0.65
  • United States

    0.39
  • United Kingdom

    0.33
  • Norway

    0.25
  • Switzerland

    0.20
  • Zimbabwe

    0.03
  • Other/Cash

    -0.14

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Financials

    32.6
  • Materials

    26.8
  • Communication Services

    18.0
  • Consumer Discretionary

    11.9
  • Consumer Staples

    8.4
  • Health Care

    1.0
  • Real Estate

    0.5
  • Industrials

    0.5
  • Utilities

    0.3
  • Energy

    0.2
  • Other/Cash

    -0.1