AFK
VanEck Africa Index ETF
VanEck Vectors Africa Index ETF seeks investment results that correspond to the price and yield performance of the Dow Jones Africa Titans 50 Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
43.3 M
ASSETS UNDER MGMT
98 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 10, 2008 |
| Assets (mns) | $43 |
| Expense ratio | 98 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ATTIJARIWAFA BANK | 6.6 % |
| NASPERS LTD-N SHS | 6.3 % |
| ANGLO AMERICAN PLC | 4.8 % |
| MTN NIGERIA COMMUNICATIONS PLC | 4.5 % |
| IVANHOE MINES LTD. CLASS A | 4.2 % |
| ANGLOGOLD ASHANTI PLC | 4.0 % |
| AIRTEL AFRICA PLC | 3.8 % |
| FIRSTRAND LTD | 3.6 % |
| BANQUE CENTRALE POPULAIRE | 3.2 % |
| MAROC TELECOM SA | 3.1 % |
Constituent Breakdown
| Number of holdings | 81 |
| Herfindahl-Hirschman Index | 310 |
| Wgt avg mkt cap (mns) | $12,876 |
| Large cap (>$10bn) | 42.0% |
| Mid cap ($2-10bn) | 45.1% |
| Small cap (<$2bn) | 12.7% |
| Developed mkts. | 32.6% |
| Emerging mkts. | 67.4% |
Country Exposure
 |
SOUTH AFRICA | 31.2 % |
 |
MOROCCO | 16.1 % |
 |
CANADA | 11.6 % |
 |
BRITAIN | 11.6 % |
 |
NIGERIA | 9.6 % |
 |
AUSTRALIA | 4.5 % |
 |
KENYA | 4.4 % |
 |
UNITED STATES | 3.0 % |
 |
EGYPT | 2.6 % |
 |
INDIA | 2.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.5% | 6.4% | -6.1% | -7.3% | -2.9% | -3.6% | -3.6% | Volatility | 22.2% | 22.5% | 21.6% | 21.1% | 23.7% | 21.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 45% |
| MSCI EAFE | 0.86 | 66% |
| MSCI Emg Mkts | 0.86 | 66% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 1.26% |
| ADV of underlying (mns) | $2,355 |
Technical Indicators
| Recent close | $15.73 |
| 30d moving avg. | $16.22 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AFK |
Expenses vs. AFK |
ALTAR Score™ vs. AFK |
|---|---|---|---|---|
| EZA | iShares MSCI South Africa ETF | 19.8% | -40 bp | +2.3% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 14.5% | -23 bp | -0.5% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 11.9% | -23 bp | +0.2% |
| GMET | VanEck Green Metals ETF | 11.5% | -35 bp | +3.0% |
| ICOP | iShares Copper and Metals Mining ETF | 10.3% | -51 bp | +2.2% |
Risk and Returns: AFK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/26/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AFK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
AFK
9.0%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. AFK's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places AFK in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AFKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| AFK (98 bp) Percentile rank | 97 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AFK | 98.0 | 126.2 | 224.2 |
| Peer Avg. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .