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About VanEck Africa Index ETF
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Inception date
Jul 10, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
AFK provides exposure to the whole African continent and not just South Africa. The fund focuses on gross domestic product (GDP) rather than market cap. This places the emphasis on each country's economic footprint rather than the market value of equity. The index takes a broad approach to eligibility: It includes companies from all caps that earn a majority of revenues in Africa, rather than restricting eligibility to companies domiciled in the continent. A minimum of 25 constituents will compose the index and their weights are capped at 8%. The index is reviewed quarterly, while GDPs are reviewed annually in June.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Non-Energy Minerals
Finance
Communications
Stocks99.47%
Non-Energy Minerals32.93%
Finance32.29%
Communications12.95%
Technology Services8.78%
Transportation3.31%
Retail Trade2.60%
Process Industries1.94%
Consumer Services1.82%
Energy Minerals1.81%
Consumer Non-Durables0.46%
Health Technology0.26%
Utilities0.22%
Health Services0.10%
Bonds, Cash & Other0.53%
Cash0.53%
Miscellaneous0.00%
Stock breakdown by region
Africa57.57%
Europe16.78%
North America14.69%
Oceania5.43%
Asia3.08%
Middle East2.44%
Latin America0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AFK invests in stocks. The fund's major sectors are Non-Energy Minerals, with 32.93% stocks, and Finance, with 32.29% of the basket. The assets are mostly located in the Africa region.
AFK top holdings are Attijariwafa Bank SA and Naspers Limited Class N, occupying 7.31% and 6.16% of the portfolio correspondingly.
AFK last dividends amounted to 0.31 USD. The year before, the issuer paid 0.58 USD in dividends, which shows a 83.64% decrease.
AFK assets under management is 47.86 M USD. It's risen 9.19% over the last month.
AFK fund flows account for −3.18 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
AFK shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Jul 10, 2008, and its management style is Passive.
AFK expense ratio is 0.88% meaning you'd have to pay 0.88% of your investment to help manage the fund.
AFK follows the MVIS GDP Africa. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AFK invests in stocks.
AFK price has risen by 7.33% over the last month, and its yearly performance shows a 19.16% increase. See more dynamics on AFK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.53% over the last month, showed a 13.60% increase in three-month performance and has increased by 18.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.53% over the last month, showed a 13.60% increase in three-month performance and has increased by 18.47% in a year.
AFK trades at a premium (0.97%) meaning the ETF is trading at a higher price than the calculated NAV.