AFK

VanEck Vectors 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.


Passive, Semi-Diverse

MANAGEMENT MATRIX

FLZA

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVan Eck Associates Corp
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJul 10, 2008
Assets (mns)$63
Expense ratio79 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ATTIJARIWAFA BANK 6.5 %
SAFARICOM PLC 5.8 %
COMMERCIAL INTL BANK-SP GDR 4.8 %
MTN NIGERIA COMMUNICATIONS PLC 4.6 %
MAROC TELECOM SA 4.2 %
ANGLO AMERICAN PLC 4.2 %
NASPERS LTD-N SHS 4.1 %
GUARANTY TRUST BANK 4.0 %
ZENITH BANK LTD 3.7 %
IVANHOE MINES LTD. CLASS A 3.6 %
Constituent Breakdown
Number of holdings75
Herfindahl-Hirschman Index 296
Wgt avg mkt cap (mns)$11,517
Large cap (>$10bn)42.1%
Mid cap ($2-10bn)30.4%
Small cap (<$2bn)16.5%
Developed mkts.22.8%
Emerging mkts.77.2%
Country Exposure
SOUTH AFRICA 29.8 %
MOROCCO 16.9 %
NIGERIA 14.4 %
CANADA 9.8 %
BRITAIN 9.3 %
KENYA 9.3 %
EGYPT 4.8 %
GERMANY 2.0 %
CHINA 1.5 %
INDIA 1.0 %
Historical Performance


Standardized Annual Returns (as of 11/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-1.1% 6.7% 4.2% 3.6% 4.1% 0.0% -2.7%
Market Correlations
versus...BetaR-squared
S&P 5001.1469%
MSCI EAFE1.2680%
MSCI Emg Mkts1.1886%
Liquidity Measures
Avg. volume (000)11
Turnover0.4%
Avg. Bid/Ask (% of price)0.41%
ADV of underlying (mns)$2,112
Technical Indicators
Recent close$20.21
30d moving avg.$21.16
Annualized volatility25.4%
Relative strength (RSI)33
Short interest (ETF)1.8%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. AFK
Expenses
vs. AFK
ALTAR Score™
vs. AFK
FLZA Franklin FTSE South Africa ETF   24.0%   -60 bp +2.0%
EZA iShares MSCI South Africa ETF   22.4%   -20 bp -0.1%
FM iShares MSCI Frontier and Select EM ETF   12.7%   0 bp +1.6%
NGE Global X MSCI Nigeria ETF   11.1%   +10 bp +13.8%
EMFM Global X MSCI Next Emerging & Frontier ETF   10.3%   -9 bp -1.4%

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
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
  2020 2021E Fwd Est 2022E
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 --%
1.6 9.4 1.6 4.9% --
Based on closing prices from 12/6/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

AFK

7.8%

Cat. Avg

8.0%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.8%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 172 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.0% and a standard deviation of 4.4%. AFK's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places AFK in the 48th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
AFK
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
AFK 79.0 40.9 119.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.