ATLASVanEck Africa Index ETF (AFK): outlook, holdings and fees
VanEck Africa Index ETF (AFK) tracks the MVIS GDP Africa and is managed by VanEck. The expense ratio is 0.93% and the yield is 1.00%. The ten largest holdings are 34% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on AFK
| Last price | $25.30 (-2.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 52% |
| Likely 1-month range (50%) | $24.40 – $26.42 |
| Normal 1-day range (±1σ) | ±1.4% |
| Distribution yield | 1.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
AFK fund facts
| Issuer | VanEck |
|---|---|
| Index tracked | MVIS GDP Africa |
| Theme | Other strategies |
| Assets under management | $95.7M |
| Expense ratio | 0.93% |
| Number of holdings | 48 |
| Portfolio turnover | 33% |
| Inception | Jul 10, 2008 |
| Exchange | NYSE |
The fund normallyinvests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The index includes securities of African companies. African companies generally include local listings of companies that are incorporated in Africa and listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.
AFK top holdings
| Holding | Sector | Weight |
|---|---|---|
| ATTIJARIWAFA BANK ATTIJARIWAFA-BANK | – | 4.63% |
| AngloGold Ashanti plc AU | Basic Materials | 4.14% |
| Naspers Limited NPN | Consumer Cyclical | 3.33% |
| ARADEL HOLDINGS PLC ARADEL | – | 3.21% |
| Endeavour Mining Corp EDVMF | Basic Materials | 3.12% |
| Firstrand Ltd FSR | Financial Services | 3.14% |
| Gold Fields Ltd ADR GFI | Basic Materials | 3.07% |
| Ivanhoe Mines Ltd. IVN | Basic Materials | 3.15% |
| Seplat Petroleum Development Company PLC SEPL | Energy | 2.91% |
| GUARANTY TRUST HOLDING COMPANY PLC GTCO | – | 2.88% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
AFK sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 33.2% |
| Financial Services | 32.2% |
| Energy | 11.6% |
| Communication Services | 11.0% |
| Consumer Cyclicals | 6.5% |
| Industrials | 2.5% |
| Consumer Defensive | 1.9% |
| Healthcare | 0.7% |
| Real Estate | 0.3% |
| Utilities | 0.2% |
By region: Africa/Middle East 68.1%, North America 19.0%, United Kingdom 9.0%, Australasia 2.9%, Asia Emerging 0.8%.
AFK returns and risk
| Year to date | -0.8% |
|---|---|
| 1 year | +7.3% |
| 3 years (annualised) | +25.9% |
| 5 years (annualised) | +7.3% |
| 10 years (annualised) | +5.2% |
| Volatility (3 years) | 20.2% |
| Sharpe ratio (3 years) | 1.04 |
Past returns do not guarantee future results.
AFK: frequently asked questions
What does AFK invest in?
VanEck Africa Index ETF follows the MVIS GDP Africa. Its largest holdings are ATTIJARIWAFA BANK (4.6%), AngloGold Ashanti plc (4.1%), Naspers Limited (3.3%), ARADEL HOLDINGS PLC (3.2%), Endeavour Mining Corp (3.1%).
What is the AFK expense ratio?
0.93% a year: about $93.00 for every $10,000 invested.
What is the AFK dividend yield?
1.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will AFK go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 52%, with a likely range (50%) of $24.40 to $26.42 from $25.30 today. It is a probability, not a prediction.
How has AFK performed?
Year to date -0.8%, one year +7.3%, three years +25.9% a year, five years +7.3% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer