AFKVanEck 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 03/27/23
-
30-Day SEC Yield1
3.04% -
Total Net Assets
$44.0M -
Number of Holdings
80 -
Options
Available -
Gross Expense Ratio2
0.77% -
Net Expense Ratio/TER2
0.77% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
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
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%
2 Expenses 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
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 |
---|---|---|
03/03/23 | 15 | Time Zone Differences |
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) | -5.34 | -4.35 | 0.30 | -21.98 | 0.77 | -5.56 | -3.20 | -3.47 |
AFK (Share Price) | -4.94 | -3.91 | 1.18 | -20.90 | 1.30 | -5.09 | -3.06 | -3.31 |
MVAFKTR (Index)5 | -4.26 | -2.03 | 1.68 | -18.15 | 3.31 | -4.10 | -1.68 | -2.00 |
Performance Differential (NAV - Index) | -1.08 | -2.32 | -1.38 | -3.83 | -2.54 | -1.46 | -1.52 | -1.47 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 07/10/08 |
|
---|---|---|---|---|---|---|---|---|
AFK (NAV) | -4.64 | 9.56 | -18.34 | -18.34 | -4.68 | -5.01 | -3.43 | -3.53 |
AFK (Share Price) | -5.03 | 10.34 | -17.35 | -17.35 | -3.90 | -4.76 | -3.46 | -3.42 |
MVAFKTR (Index)5 | -3.65 | 10.91 | -15.99 | -15.99 | -2.88 | -3.74 | -1.97 | -2.14 |
Performance Differential (NAV - Index) | -0.99 | -1.35 | -2.35 | -2.35 | -1.80 | -1.27 | -1.46 | -1.39 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Safaricom Plc |
SAFCOM KN
|
12,984,400
|
2,383,116 | 5.09 |
Mtn Nigeria Communications Plc |
MTNN NL
|
5,269,354
|
2,303,286 | 4.92 |
Airtel Africa Plc |
AAF LN
|
1,464,462
|
2,129,036 | 4.55 |
Attijariwafa Bank |
ATW MC
|
50,232
|
2,039,280 | 4.36 |
Commercial International Bank Egypt Sae |
CBKD LI
|
1,371,790
|
2,034,736 | 4.35 |
Anglo American Plc |
AAL LN
|
54,432
|
1,893,078 | 4.05 |
Ivanhoe Mines Ltd |
IVN CN
|
206,097
|
1,725,738 | 3.69 |
Kosmos Energy Ltd |
KOS US
|
209,084
|
1,645,491 | 3.52 |
Guaranty Trust Holding Co Plc |
GTCO NL
|
31,746,298
|
1,509,436 | 3.23 |
Equity Group Holdings Plc/Kenya |
EQBNK KN
|
4,197,400
|
1,504,760 | 3.22 |
Top 10 Total (%) | 40.96 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● South Africa | 31.69 |
● Nigeria | 12.39 |
● Kenya | 9.76 |
● Morocco | 9.61 |
● United Kingdom | 6.60 |
● Egypt | 5.56 |
● Canada | 5.44 |
● Australia | 4.14 |
● Tanzania | 3.57 |
● Ghana | 3.52 |
● United Arab Emirates | 2.48 |
● Zambia | 1.88 |
● China | 1.61 |
● India | 0.60 |
● United States | 0.41 |
● Indonesia | 0.39 |
● Switzerland | 0.32 |
● Norway | 0.13 |
● Zimbabwe | 0.02 |
● Other/Cash | -0.11 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Financials | 32.65 |
● Materials | 26.04 |
● Communication Services | 22.04 |
● Consumer Staples | 7.07 |
● Energy | 5.19 |
● Consumer Discretionary | 5.10 |
● Health Care | 1.00 |
● Real Estate | 0.50 |
● Industrials | 0.38 |
● Utilities | 0.13 |
● Other/Cash | -0.11 |