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About VanEck Africa Index ETF
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Inception date
Jul 10, 2008
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US92189F8665
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
Stocks98.05%
Non-Energy Minerals35.07%
Finance31.81%
Communications12.59%
Technology Services7.84%
Transportation2.77%
Retail Trade2.11%
Energy Minerals1.83%
Consumer Services1.60%
Process Industries1.56%
Consumer Non-Durables0.36%
Utilities0.21%
Health Technology0.19%
Health Services0.11%
Bonds, Cash & Other1.95%
Cash1.95%
Miscellaneous0.00%
Stock breakdown by region
Africa56.80%
North America16.71%
Europe15.91%
Oceania5.13%
Asia2.90%
Middle East2.54%
Latin America0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VEF2 invests in stocks. The fund's major sectors are Non-Energy Minerals, with 35.07% stocks, and Finance, with 31.81% of the basket. The assets are mostly located in the Africa region.
VEF2 top holdings are Naspers Limited Class N and Attijariwafa Bank SA, occupying 5.40% and 4.83% of the portfolio correspondingly.
VEF2 last dividends amounted to 0.29 EUR. The year before, the issuer paid 0.54 EUR in dividends, which shows a 89.12% decrease.
VEF2 shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Jul 10, 2008, and its management style is Passive.
VEF2 expense ratio is 0.88% meaning you'd have to pay 0.88% of your investment to help manage the fund.
VEF2 follows the MVIS GDP Africa. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VEF2 invests in stocks.