Key stats
About VANECK ETF TR AFRICA INDEX ETF
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Inception date
Jul 10, 2008
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
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
Finance
Non-Energy Minerals
Communications
Stocks99.35%
Finance37.79%
Non-Energy Minerals30.60%
Communications12.81%
Technology Services7.07%
Retail Trade3.00%
Energy Minerals2.78%
Process Industries2.32%
Consumer Services1.73%
Consumer Non-Durables0.48%
Health Technology0.39%
Utilities0.25%
Health Services0.13%
Bonds, Cash & Other0.65%
Cash0.65%
Rights & Warrants0.00%
Stock breakdown by region
Africa55.52%
North America28.61%
Europe10.40%
Oceania5.10%
Asia0.36%
Latin America0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history