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
$ 125.4 M
ASSETS UNDER MGMT
98 bp
EXPENSES
Fund Basics
| Inception date | Jul 10, 2008 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ANGLO AMERICAN PLC | 4.9 % |
| ATTIJARIWAFA BANK | 4.6 % |
| ENDEAVOUR MINING PLC | 4.5 % |
| AIRTEL AFRICA PLC | 4.0 % |
| NASPERS LTD-N SHS | 3.4 % |
| BANQUE CENTRALE POPULAIRE | 3.2 % |
| IVANHOE MINES LTD. CLASS A | 3.1 % |
| GOLD FIELDS LTD-SPONS ADR | 3.0 % |
| GOLAR LNG LTD | 2.9 % |
| SAFARICOM PLC | 2.8 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 207 |
| Wgt avg mkt cap (mns) | $13,454 |
| Large cap (>$10bn) | 41.1% |
| Mid cap ($2-10bn) | 26.2% |
| Small cap (<$2bn) | 3.9% |
| Developed mkts. | 35.6% |
| Emerging mkts. | 52.0% |
Sector Breakdown
Country Exposure
 |
SOUTH AFRICA | 30.3 % |
 |
BRITAIN | 15.2 % |
 |
CANADA | 12.5 % |
 |
MOROCCO | 11.9 % |
 |
KENYA | 3.7 % |
 |
AUSTRALIA | 3.3 % |
 |
BERMUDA | 2.9 % |
 |
NIGERIA | 2.7 % |
 |
EGYPT | 1.4 % |
 |
INDIA | 1.0 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.3% | 51.2% | 34.6% | 19.3% | 4.4% | 2.4% | -- | -2.4% |
| Dividend Yield | 0.0% | 1.6% | 0.7% | 1.3% | 2.3% | 2.9% | -- | 2.5% |
| Total Returns | 0.3% | 52.8% | 35.3% | 20.6% | 6.7% | 5.2% | -- | 0.1% | Ann. Volatility | 35.0% | 24.8% | 24.8% | 23.6% | 21.9% | 22.2% | -- | 23.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 26% |
| MSCI EAFE | 1.16 | 46% |
| MSCI Emg Mkts | 0.94 | 49% |
Liquidity Measures
| Avg. volume (000) | 70 |
| ADV traded (mns) | $2 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 1.09% |
Technical Indicators
| 30d moving avg. (EMA) | $27.32 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.17/0.09 |
| Bollinger Bands (Upper/Lower) | $29.18/$26.12 |
| Short interest (% of AUM) | 0.1% |
Distributions
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 | 17.3% | -40 bp | -2.5% |
| GMET | VanEck Green Metals ETF | 12.1% | -35 bp | -11.1% |
| GDX | VanEck Gold Miners ETF | 12.1% | -47 bp | -8.2% |
| AUAU | Global X Gold Miners ETF | 12.0% | -63 bp | -8.3% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 11.0% | -23 bp | -5.2% |
| GDXJ | VanEck Junior Gold Miners ETF | 10.1% | -46 bp | -8.0% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 5/15/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
11.5%
ALTAR SCORE™
96th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 203 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.4% and a standard deviation
of 2.2%. AFK's ALTAR Score™ is approximately 1.8 standard
deviations above the category average. This places AFK in the 96th percentile
among funds in the category.
Sell-Side Consensus
$33.28
PRICE TARGET
+19.5%
UPSIDE