Key stats
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
Stocks99.76%
Non-Energy Minerals34.15%
Finance31.99%
Communications12.72%
Technology Services8.36%
Transportation3.18%
Retail Trade2.60%
Energy Minerals2.05%
Process Industries1.95%
Consumer Services1.65%
Consumer Non-Durables0.43%
Health Technology0.36%
Utilities0.22%
Health Services0.11%
Bonds, Cash & Other0.24%
Cash0.24%
Miscellaneous0.00%
Stock breakdown by region
Africa56.92%
Europe16.59%
North America16.00%
Oceania4.70%
Asia3.37%
Middle East2.42%
Latin America0.00%
Top 10 holdings
Dividends
Dividend payout history