AFK
VanEck Africa Index ETF
AFK
VanEck Africa Index ETF
-
NAV$25.43
as of December 16, 2025 -
YTD RETURNS62.07%
as of December 16, 2025 -
Total Net Assets$96.62M
as of December 16, 2025 -
Gross Expense Ratio0.89%
-
Net Expense Ratio0.88%
-
Inception Date07/10/2008
About AFK
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.
Overview
Why AFK
- 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
Performance
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) | 2.46 | 11.80 | 57.35 | 51.62 | 15.02 | 7.77 | 5.67 | -0.30 |
| AFK (Share Price) | 3.09 | 10.10 | 59.53 | 53.01 | 14.27 | 7.59 | 5.78 | -0.30 |
| MVAFKTR (Index) | 2.39 | 11.94 | 58.11 | 52.71 | 19.24 | 10.67 | 7.88 | 1.46 |
| Performance Differential (NAV - Index) | 0.07 | -0.14 | -0.76 | -1.09 | -4.22 | -2.90 | -2.21 | -1.76 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 07/10/08 |
|
|---|---|---|---|---|---|---|---|---|
| AFK (NAV) | 9.11 | 21.04 | 53.55 | 41.15 | 19.49 | 9.41 | 4.82 | -0.45 |
| AFK (Share Price) | 8.72 | 20.88 | 57.53 | 45.15 | 19.63 | 9.87 | 5.08 | -0.38 |
| MVAFKTR (Index) | 9.21 | 21.21 | 54.25 | 42.00 | 23.94 | 12.56 | 7.05 | 1.33 |
| Performance Differential (NAV - Index) | -0.10 | -0.17 | -0.70 | -0.85 | -4.45 | -3.15 | -2.23 | -1.78 |
$-0.01
/
-0.02%
Fees
Holdings
Daily Holdings (%) as of 12/16/2025
Download XLS|
Ticker
|
Holding Name |
% of Net Assets |
Identifier (FIGI)
|
Shares
|
Asset Class |
Market Value (US$) |
Notional Value |
|---|---|---|---|---|---|---|---|
|
NPN SJ |
Naspers Ltd | 5.10 |
BBG000CTYB91 |
79,624 |
Stock | 5,125,939 | -- |
|
B US |
Barrick Mining Corp | 4.84 |
BBG000BB07P9 |
113,165 |
Stock | 4,858,173 | -- |
|
AAF LN |
Airtel Africa Plc | 4.79 |
BBG00PBWXCZ0 |
1,123,601 |
Stock | 4,809,809 | -- |
|
ATW MC |
Attijariwafa Bank | 4.25 |
BBG000BMG377 |
53,758 |
Stock | 4,264,876 | -- |
|
AAL LN |
Anglo American Plc | 4.07 |
BBG000BWF7M0 |
107,235 |
Stock | 4,085,949 | -- |
|
EDV LN |
Endeavour Mining Plc | 3.91 |
BBG011DVVYT3 |
78,949 |
Stock | 3,928,524 | -- |
|
IVN CN |
Ivanhoe Mines Ltd | 3.37 |
BBG003CSCHG0 |
346,043 |
Stock | 3,385,299 | -- |
|
GFI US |
Gold Fields Ltd | 3.33 |
BBG000KHT4K7 |
76,434 |
Stock | 3,347,045 | -- |
|
IAG US |
Iamgold Corp | 3.28 |
BBG000LL9LQ5 |
207,022 |
Stock | 3,289,580 | -- |
|
BCP MC |
Banque Centrale Populaire | 3.26 |
BBG000CQLKJ0 |
104,990 |
Stock | 3,269,787 | -- |
|
GTCO NL |
Guaranty Trust Holding Co Plc | 3.08 |
BBG011LN7CZ0 |
51,190,093 |
Stock | 3,096,746 | -- |
|
FM CN |
First Quantum Minerals Ltd | 3.02 |
BBG000BX7818 |
123,000 |
Stock | 3,035,524 | -- |
|
AU US |
Anglogold Ashanti Plc | 2.92 |
BBG01HGVLP51 |
34,932 |
Stock | 2,934,987 | -- |
|
FSR SJ |
Firstrand Ltd | 2.83 |
BBG000BNTS67 |
543,408 |
Stock | 2,840,250 | -- |
|
CBKD LI |
Commercial International Bank Egypt Sae | 2.79 |
BBG000CLC0L2 |
1,285,891 |
Stock | 2,805,997 | -- |
|
MSA MC |
Societe D'Exploitation Des Ports | 2.61 |
BBG00D2ZJ7N0 |
24,452 |
Stock | 2,623,932 | -- |
|
PDN AU |
Paladin Energy Ltd | 2.58 |
BBG000BC8GS6 |
459,077 |
Stock | 2,588,529 | -- |
|
SAFCOM KN |
Safaricom Plc | 2.56 |
BBG000RLQYC7 |
11,821,457 |
Stock | 2,567,888 | -- |
|
ZENITHBA NL |
Zenith Bank Plc | 2.21 |
BBG000NDS8Y0 |
50,791,280 |
Stock | 2,217,175 | -- |
|
CPI SJ |
Capitec Bank Holdings Ltd | 2.13 |
BBG000D4HYB1 |
8,833 |
Stock | 2,142,917 | -- |
|
SBK SJ |
Standard Bank Group Ltd | 2.06 |
BBG000BQR991 |
123,405 |
Stock | 2,066,618 | -- |
|
PRU AU |
Perseus Mining Ltd | 1.90 |
BBG000Q68231 |
539,301 |
Stock | 1,906,248 | -- |
|
EQTY KN |
Equity Group Holdings Plc/Kenya | 1.81 |
BBG000F2R4W5 |
3,874,661 |
Stock | 1,818,596 | -- |
|
IAM MC |
Itissalat Al-Maghrib | 1.78 |
BBG000BNT7Q1 |
146,439 |
Stock | 1,784,750 | -- |
|
MMYT US |
Makemytrip Ltd | 1.76 |
BBG000BB34J0 |
20,628 |
Stock | 1,769,882 | -- |
|
VAL SJ |
Valterra Platinum Ltd | 1.75 |
BBG000BTXNT5 |
22,326 |
Stock | 1,758,393 | -- |
|
HTWS LN |
Helios Towers Plc | 1.50 |
BBG00K7MFFV5 |
711,505 |
Stock | 1,505,289 | -- |
|
MTN SJ |
Mtn Group Ltd | 1.31 |
BBG000C4S5Y8 |
139,650 |
Stock | 1,315,517 | -- |
|
BOA MC |
Bank Of Africa | 1.27 |
BBG000J1QX23 |
50,323 |
Stock | 1,280,195 | -- |
|
KOS US |
Kosmos Energy Ltd | 1.24 |
BBG000L2Q7C4 |
1,288,595 |
Stock | 1,248,004 | -- |
|
ABG SJ |
Absa Group Ltd | 1.24 |
BBG000BF9DG8 |
89,721 |
Stock | 1,243,671 | -- |
|
IMP SJ |
Impala Platinum Holdings Ltd | 1.00 |
BBG000BTZK82 |
74,038 |
Stock | 1,002,385 | -- |
|
HMY US |
Harmony Gold Mining Co Ltd | 0.90 |
BBG000BX93G1 |
44,657 |
Stock | 902,965 | -- |
|
SLM SJ |
Sanlam Ltd | 0.90 |
BBG000CDQK77 |
153,772 |
Stock | 900,297 | -- |
|
SBSW US |
Sibanye Stillwater Ltd | 0.87 |
BBG00RRGP445 |
63,597 |
Stock | 870,643 | -- |
|
DSY SJ |
Discovery Ltd | 0.71 |
BBG000DD6054 |
52,507 |
Stock | 714,761 | -- |
|
SHP SJ |
Shoprite Holdings Ltd | 0.70 |
BBG000BFNXZ7 |
44,319 |
Stock | 707,594 | -- |
|
CSR MC |
Co Sucrerie Marocaine Et De Raffinage | 0.69 |
BBG000BQDJ58 |
31,479 |
Stock | 687,983 | -- |
|
NPH SJ |
Northam Platinum Holdings Ltd | 0.68 |
BBG0125542Z0 |
36,858 |
Stock | 684,315 | -- |
|
NED SJ |
Nedbank Group Ltd | 0.68 |
BBG000BFSBW3 |
43,689 |
Stock | 678,237 | -- |
|
RCL US |
Royal Caribbean Cruises Ltd | 0.64 |
BBG000BB5792 |
2,277 |
Stock | 640,998 | -- |
|
BID SJ |
Bid Corp Ltd | 0.60 |
BBG00CP99BP5 |
24,492 |
Stock | 604,966 | -- |
|
GGR SP |
Golden Agri-Resources Ltd | 0.43 |
BBG000BK1581 |
1,971,200 |
Stock | 436,233 | -- |
|
REM SJ |
Remgro Ltd | 0.43 |
BBG000C55RJ9 |
40,269 |
Stock | 427,230 | -- |
|
CLS SJ |
Clicks Group Ltd | 0.38 |
BBG000BWY9T8 |
18,770 |
Stock | 381,624 | -- |
|
BTG US |
B2gold Corp | 0.35 |
BBG000V9KFD5 |
77,475 |
Stock | 352,511 | -- |
|
PPH SJ |
Pepkor Holdings Ltd | 0.34 |
BBG00HDGJ2C4 |
217,196 |
Stock | 341,983 | -- |
|
INVP LN |
Investec Plc | 0.34 |
BBG000C0TDQ7 |
47,593 |
Stock | 340,631 | -- |
|
VOD SJ |
Vodacom Group Ltd | 0.30 |
BBG000BD5GF1 |
38,361 |
Stock | 306,108 | -- |
|
OUT SJ |
Outsurance Group Ltd | 0.29 |
BBG001BNQDW2 |
69,578 |
Stock | 295,904 | -- |
|
OMU SJ |
Old Mutual Ltd | 0.28 |
BBG00KRBWLT8 |
325,999 |
Stock | 280,263 | -- |
|
SSL US |
Sasol Ltd | 0.27 |
BBG000BBNC37 |
44,534 |
Stock | 272,993 | -- |
|
WHL SJ |
Woolworths Holdings Ltd/South Africa | 0.25 |
BBG000BV1BQ4 |
75,148 |
Stock | 246,825 | -- |
|
BVT SJ |
Bidvest Group Ltd/The | 0.24 |
BBG000BFBR74 |
17,653 |
Stock | 240,410 | -- |
|
MRP SJ |
Mr Price Group Ltd | 0.22 |
BBG000BTPJN9 |
20,073 |
Stock | 217,551 | -- |
|
GRT SJ |
Growthpoint Properties Ltd | 0.22 |
BBG000BFGWM1 |
213,669 |
Stock | 215,900 | -- |
|
MTM SJ |
Momentum Metropolitan Holdings | 0.21 |
BBG000K2YQD3 |
96,373 |
Stock | 211,986 | -- |
|
TBS SJ |
Tiger Brands Ltd | 0.21 |
BBG000C3KV44 |
9,753 |
Stock | 210,073 | -- |
|
AVZ AU |
Avz Minerals Ltd | 0.18 |
BBG000GDY0D1 |
1,399,901 |
Stock | 182,175 | -- |
|
APN SJ |
Aspen Pharmacare Holdings Ltd | 0.18 |
BBG000BP97L3 |
30,870 |
Stock | 175,736 | -- |
|
EXX SJ |
Exxaro Resources Ltd | 0.16 |
BBG000CF7Z98 |
15,838 |
Stock | 161,731 | -- |
|
AVI SJ |
Avi Ltd | 0.16 |
BBG000BF9VM1 |
25,887 |
Stock | 159,840 | -- |
|
SCATC NO |
Scatec Asa | 0.14 |
BBG00747Z8D4 |
13,559 |
Stock | 136,964 | -- |
|
ARI SJ |
African Rainbow Minerals Ltd | 0.13 |
BBG000BP6Q52 |
11,559 |
Stock | 128,486 | -- |
|
KIO SJ |
Kumba Iron Ore Ltd | 0.13 |
BBG000PPVK43 |
6,311 |
Stock | 125,798 | -- |
|
LHC SJ |
Life Healthcare Group Holdings Ltd | 0.09 |
BBG000BC1ND4 |
132,034 |
Stock | 86,734 | -- |
|
DLTA ZH |
Delta Corp Ltd/Zimbabwe | 0.01 |
BBG000BLMWL2 |
15,980 |
Stock | 11,655 | -- |
|
EMN SJ |
E Media Holdings Ltd | 0.00 |
BBG000BLFR13 |
16,470 |
Stock | 1,989 | -- |
|
ECO ZH |
Econet Wireless Zimbabwe Ltd | 0.00 |
BBG000C90H80 |
2,231 |
Stock | 534 | -- |
|
TNCI ZH |
Tn Cybertech Investments Holdings Ltd | 0.00 |
BBG00MTHXTT1 |
32,900 |
Stock | 144 | -- |
|
ABOAF MC |
Bank Of Africa | 0.00 |
BBG01XWNWRL2 |
15 |
Stock | 0 | -- |
|
-ZAR CASH- |
0.00 |
-- |
53,145 |
Cash Bal | 3,177 | -- | |
|
-NOK CASH- |
0.00 |
-- |
19 |
Cash Bal | 2 | -- | |
|
-MAD CASH- |
0.00 |
-- |
71 |
Cash Bal | 8 | -- | |
|
-GBP CASH- |
0.00 |
-- |
35 |
Cash Bal | 47 | -- | |
|
-EUR CASH- |
0.00 |
-- |
21 |
Cash Bal | 25 | -- | |
|
-AUD CASH- |
0.00 |
-- |
0 |
Cash Bal | 0 | -- | |
|
-USD CASH- |
-0.46 |
-- |
-457,766 |
Cash Bal | -457,766 | -- | |
|
-- |
Other/Cash | 1.62 |
-- |
0 |
Cash | 1,630,550 | -- |
Portfolio
3-YR Risk Measures as of 11/30/2025
-
Beta vs. S&P 500 Index1.10
-
Correlation vs. S&P 500 Index0.75
-
Volatility (Standard Deviation)16.86
-
Sharpe Ratio0.63
Currency Exposure (%) as of 11/30/2025
| South African Rand | 25.21 |
| U.S. Dollar | 23.26 |
| Moroccan Dirham | 14.63 |
| British Pound | 14.55 |
| Canadian Dollar | 6.60 |
| Nigeria Naira | 5.51 |
| Kenyan Shilling | 4.81 |
| Australian Dollar | 4.71 |
| Singapore Dollar | 0.43 |
| Norwegian Krone | 0.14 |
| Zimbabwe Gold | 0.01 |
| Other/Cash | 0.13 |
Sector Weightings (%) as at 11/30/2025
-
Sector
% of Net Assets -
Materials
37.13 -
Financials
30.97 -
Communication Services
12.66 -
Consumer Discretionary
8.08 -
Energy
4.16 -
Consumer Staples
3.25 -
Industrials
3.00 -
Health Care
0.26 -
Real Estate
0.22 -
Utilities
0.14 -
Other/Cash
0.13
Country Weightings (%) as at 11/30/2025
-
Country
% of Net Assets -
South Africa
34.85 -
Morocco
12.69 -
Canada
8.89 -
United Kingdom
8.80 -
Nigeria
5.51 -
United States
5.17 -
Kenya
4.81 -
Australia
4.71 -
Burkina Faso
3.30 -
Zambia
2.88 -
Egypt
2.69 -
United Arab Emirates
1.94 -
Tanzania
1.54 -
India
1.51 -
Indonesia
0.43 -
Norway
0.14 -
Zimbabwe
0.01 -
Other/Cash
0.13
Distributions
Yields as of 12/16/2025
Annual
1.48%
--
--
Distribution History
| Year | Ex-date |
Record Date |
Payable date |
Dividend Income‡ |
Short-Term Capital Gains |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|---|---|---|---|---|---|---|---|---|
| 2024 | 12/23/2024 | 12/23/2024 | 12/24/2024 | -- | -- | -- | -- | $ 0.00 |
| 2023 | 12/18/2023 | 12/19/2023 | 12/22/2023 | $ 0.3136 | -- | -- | -- | $ 0.31 |
| 2022 | 12/19/2022 | 12/20/2022 | 12/23/2022 | $ 0.5759 | -- | -- | -- | $ 0.58 |
| 2021 | 12/20/2021 | 12/21/2021 | 12/27/2021 | $ 0.8390 | -- | -- | -- | $ 0.84 |
| 2020 | 12/21/2020 | 12/22/2020 | 12/28/2020 | $ 0.7960 | -- | -- | -- | $ 0.80 |
| 2019 | 12/23/2019 | 12/24/2019 | 12/30/2019 | $ 1.2858 | -- | -- | -- | $ 1.29 |
| 2018 | 12/20/2018 | 12/21/2018 | 12/27/2018 | $ 0.3360 | -- | -- | -- | $ 0.34 |
| 2017 | 12/18/2017 | 12/19/2017 | 12/22/2017 | $ 0.4940 | -- | -- | -- | $ 0.49 |
| 2016 | 12/19/2016 | 12/21/2016 | 12/23/2016 | $ 0.5280 | -- | -- | -- | $ 0.53 |
| 2015 | 12/21/2015 | 12/23/2015 | 12/28/2015 | $ 0.3850 | -- | -- | -- | $ 0.39 |
| 2014 | 12/22/2014 | 12/24/2014 | 12/29/2014 | $ 0.7570 | -- | -- | -- | $ 0.76 |
| 2013 | 12/23/2013 | 12/26/2013 | 12/30/2013 | $ 0.8290 | -- | -- | -- | $ 0.83 |
| 2012 | 12/24/2012 | 12/27/2012 | 12/31/2012 | $ 1.0630 | -- | -- | -- | $ 1.06 |
| 2011 | 12/23/2011 | 12/28/2011 | 12/30/2011 | $ 0.9710 | -- | -- | -- | $ 0.97 |
| 2010 | 12/23/2010 | 12/28/2010 | 12/30/2010 | $ 0.3840 | -- | -- | -- | $ 0.38 |
| 2009 | 12/23/2009 | 12/28/2009 | 12/30/2009 | $ 0.2290 | -- | -- | -- | $ 0.23 |
| 2008 | 12/26/2008 | 12/29/2008 | 12/31/2008 | $ 0.1900 | -- | -- | -- | $ 0.19 |
‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.
Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.
The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.