Key stats
About VanEck Africa Index ETF
Expense ratio
0.98%
Home page
Inception date
Jul 10, 2008
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
Stocks99.88%
Non-Energy Minerals33.34%
Finance32.00%
Communications15.45%
Technology Services4.12%
Distribution Services3.87%
Process Industries2.76%
Energy Minerals2.66%
Retail Trade2.57%
Consumer Services1.57%
Health Technology0.62%
Consumer Non-Durables0.41%
Utilities0.29%
Health Services0.21%
Bonds, Cash & Other0.12%
Cash0.12%
Rights & Warrants0.00%
Stock breakdown by region
Africa49.49%
North America27.97%
Europe13.31%
Oceania4.97%
Asia4.26%
Latin America0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history