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VanEck Africa Index ETF
ETF
AFK
Payout Change
Pending
Price as of:
$17.1
+0.31
+1.85%
primary theme
N/A
AFK (ETF)
VanEck Africa Index ETF
Payout Change
Pending
Price as of:
$17.1
+0.31
+1.85%
primary theme
N/A
AFK (ETF)
VanEck Africa Index ETF
Payout Change
Pending
Price as of:
$17.1
+0.31
+1.85%
primary theme
N/A
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.9%
1 yr return
25.0%
3 Yr Avg Return
-3.1%
5 Yr Avg Return
1.1%
Net Assets
$42.6 M
Holdings in Top 10
40.7%
52 WEEK LOW AND HIGH
$16.8
$12.91
$17.25
Expenses
OPERATING FEES
Expense Ratio 1.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AFK - Profile
Distributions
- YTD Total Return 23.9%
- 3 Yr Annualized Total Return -3.1%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck Africa Index ETF
-
Fund Family NameVANECKFUND
-
Inception DateJul 14, 2008
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Africa Index includes securities of African companies. African companies generally include 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. Such companies may include small- and medium-capitalization companies. Subject to country and issuer limitations, the country weightings in the Africa Index are based on their relative gross domestic product (“GDP”) weights as compared to all other countries represented in the Africa Index. As of December 31, 2023, the Africa Index included 70 securities of companies with a
market capitalization range of between approximately $0.81 billion and $33.18 billion and a weighted average market capitalization of $9.68 billion. These amounts are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Africa Index by investing in a portfolio of securities that generally replicates the Africa Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Africa Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Africa Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Africa Index concentrates in an industry or group of industries. As of December 31, 2023, each of the financials, basic materials and communication services sectors represented a significant portion of the Fund.
AFK - Performance
Return Ranking - Trailing
| Period | AFK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.9% | N/A | N/A | N/A |
| 1 Yr | 25.0% | N/A | N/A | N/A |
| 3 Yr | -3.1%* | N/A | N/A | N/A |
| 5 Yr | 1.1%* | N/A | N/A | N/A |
| 10 Yr | -2.8%* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | AFK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -14.1% | N/A | N/A | N/A |
| 2022 | -20.2% | N/A | N/A | N/A |
| 2021 | -1.3% | N/A | N/A | N/A |
| 2020 | 0.5% | N/A | N/A | N/A |
| 2019 | 3.2% | N/A | N/A | N/A |
Total Return Ranking - Trailing
| Period | AFK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.9% | N/A | N/A | N/A |
| 1 Yr | 25.0% | N/A | N/A | N/A |
| 3 Yr | -3.1%* | N/A | N/A | N/A |
| 5 Yr | 1.1%* | N/A | N/A | N/A |
| 10 Yr | -2.8%* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AFK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.1% | N/A | N/A | N/A |
| 2022 | -17.3% | N/A | N/A | N/A |
| 2021 | 3.0% | N/A | N/A | N/A |
| 2020 | 4.4% | N/A | N/A | N/A |
| 2019 | 9.8% | N/A | N/A | N/A |
AFK - Holdings
Concentration Analysis
| AFK | Category Low | Category High | AFK % Rank | |
|---|---|---|---|---|
| Net Assets | 42.6 M | N/A | N/A | N/A |
| Number of Holdings | 74 | N/A | N/A | N/A |
| Net Assets in Top 10 | 18.5 M | N/A | N/A | N/A |
| Weighting of Top 10 | 40.71% | N/A | N/A | N/A |
Top 10 Holdings
- Banque Centrale Populaire 6.24%
- Attijariwafa Bank 5.49%
- Anglo American PLC 4.52%
- Ivanhoe Mines Ltd 4.38%
- Airtel Africa PLC 4.09%
- FirstRand Ltd 4.08%
- Commercial International Bank - Egypt (CIB) 3.41%
- Naspers Ltd 3.04%
- CMOC Group Ltd 2.84%
- Standard Bank Group Ltd 2.63%
Asset Allocation
| Weighting | Return Low | Return High | AFK % Rank | |
|---|---|---|---|---|
| Stocks | 99.86% | N/A | N/A | N/A |
| Cash | 1.28% | N/A | N/A | N/A |
| Preferred Stocks | 0.00% | N/A | N/A | N/A |
| Other | 0.00% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
| Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AFK % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | N/A | N/A | N/A |
| Technology | 0.00% | N/A | N/A | N/A |
| Real Estate | 0.00% | N/A | N/A | N/A |
| Industrials | 0.00% | N/A | N/A | N/A |
| Healthcare | 0.00% | N/A | N/A | N/A |
| Financial Services | 0.00% | N/A | N/A | N/A |
| Energy | 0.00% | N/A | N/A | N/A |
| Communication Services | 0.00% | N/A | N/A | N/A |
| Consumer Defense | 0.00% | N/A | N/A | N/A |
| Consumer Cyclical | 0.00% | N/A | N/A | N/A |
| Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AFK % Rank | |
|---|---|---|---|---|
| Non US | 82.05% | N/A | N/A | N/A |
| US | 17.80% | N/A | N/A | N/A |
AFK - Expenses
Operational Fees
| AFK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.47% | N/A | N/A | N/A |
| Management Fee | 0.50% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
| AFK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| AFK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AFK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
AFK - Distributions
Dividend Yield Analysis
| AFK | Category Low | Category High | AFK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.83% | N/A | N/A | N/A |
Dividend Distribution Analysis
| AFK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual |
Net Income Ratio Analysis
| AFK | Category Low | Category High | AFK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
| AFK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.314 | OrdinaryDividend |
| Dec 19, 2022 | $0.576 | OrdinaryDividend |
| Dec 20, 2021 | $0.839 | OrdinaryDividend |
| Dec 21, 2020 | $0.796 | OrdinaryDividend |
| Dec 23, 2019 | $1.286 | OrdinaryDividend |
| Dec 20, 2018 | $0.336 | OrdinaryDividend |
| Dec 18, 2017 | $0.494 | OrdinaryDividend |
| Dec 19, 2016 | $0.528 | OrdinaryDividend |
| Dec 21, 2015 | $0.385 | OrdinaryDividend |
| Dec 22, 2014 | $0.757 | OrdinaryDividend |
| Dec 23, 2013 | $0.829 | OrdinaryDividend |
| Dec 24, 2012 | $1.063 | OrdinaryDividend |
| Dec 23, 2011 | $0.971 | OrdinaryDividend |
| Dec 23, 2010 | $0.384 | OrdinaryDividend |
| Dec 23, 2009 | $0.229 | OrdinaryDividend |
| Dec 26, 2008 | $0.190 | OrdinaryDividend |
