Investment objective & strategy
As of April 29, 2025 · prospectusObjective. VanEck Africa Index ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS GDP Africa Index (the Africa Index or the Index).
Strategy. The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. The Africa 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. Such companies may include small- and medium-capitalization companies. Subject to country and issuer limitations, the country weightings in the Africa Index are based on their relative gross domestic product (GDP) weights as compared to all other countries represented in the … The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. The Africa 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. Such companies may include small- and medium-capitalization companies. Subject to country and issuer limitations, the country weightings in the Africa Index are based on their relative gross domestic product (GDP) weights as compared to all other countries represented in the Africa Index. As of December 31, 2024, the Africa Index included 65 securities of companies with a market capitalization range of between approximately $0.93 billion and $62.03 billion and a weighted average market capitalization of $11.93 billio n. T hese amounts are subject to change. The Funds 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days prior written notice to shareholders. The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Africa Index by investing in a portfolio of securities that generally replicates the Africa Index. Unlike many investment companies that try to beat the performance of a benchmark index, the Fund does not try to beat the Africa Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Africa Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Africa Index concentrates in an industry or group of industries. As of December 31, 2024, each of the financials, basic materials, communication services and consumer discretionary sectors represented a significant portion of the Fund .
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ATTIJARIWAFA BANK | ATW | $8.45M | 7.39% |
| ENDEAVOUR MINING | — | $5.21M | 4.56% |
| ANGLO AMER PLC | — | $5.06M | 4.43% |
| AIRTEL AFRICA | — | $4.66M | 4.08% |
| GUARANTY TRUST HOLDING CO PL COMMON STOCK | GTCO | $4.07M | 3.56% |
| Banque Centrale Populaire | BCP | $4.06M | 3.55% |
| NASPERS NPV | NPN | $3.98M | 3.48% |
| IVANHOE MINES LTD | — | $3.83M | 3.35% |
| Gold Fields Ltd SPONSORED ADR | GFI US | $3.78M | 3.30% |
| GOLAR LNG LTD | GLNG | $3.54M | 3.09% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares MSCI South Africa ETF · EZA | 23% | 0.59% |
| T. Rowe Price Africa & Middle East Fund · TRAMX, PRAMX, TRZMX | 19% | 0.00% |
| Allspring Precious Metals Fund · EKWAX, EKWCX, EKWYX, EKWDX | 16% | 0.79% |
Advisers
| Firm | Role |
|---|---|
| Van Eck Associates Corporation | Adviser |
Footnotes
- Expense ratio as of April 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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