Summary
VanEck Africa Index ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 83. The ten largest make up 34% of the fund.
- Yearly costs
- 0.76%
- Fund size
- $91.9M
- Positions
- 83
- Dividend yield
- 1.04%
- Running since
- 2008
What speaks for it
- It has been running since 2008.
What to watch
- Costs of 0.76% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 44% from its high.
- A small fund with $91.9M under management; small funds get closed more often.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -6.1%
- 3 months
- -4.3%
- This year
- -4.3%
- 1 year
- +10.0%
- 3 years
- +82%
- 5 years
- +18%
- 10 years
- +28%
- Avg. market cap
- $18.4B
- P/E
- 11.8x
- Forward P/E
- 10.5x
- P/S
- 1.7x
- P/B
- 2.1x
- P/FCF
- 10.5x
- EV/EBITDA
- 6.3x
- Dividend yield
- 2.32%
- ROIC
- 17.1%
- ROE
- 21.4%
- Gross margin
- 42.9%
- Operating margin
- 28.9%
- Net margin
- 21.4%
- Payout ratio
- 27.2%
- Net debt/EBITDA
- 1.2x
- Beta
- 1.12
Weighted average of the 50 largest companies, which make up 61% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 Attijariwafa Bank 4.6%
- 2 AUAngloGold Ashanti AU 3.9%
- 3 Aradel Holdings Plc 3.6%
- 4 FSFirstRand Limited FSR.JO 3.5%
- 5 Seplat Energy Plc 3.3%
- 6 NPNaspers Limited NPN.JO 3.3%
- 7 Endeavour Mining Plc 3.3%
- 8 GFGold Fields Limited GFI 3.1%
- 9 CPCapitec Bank Holdings Limited CPI.JO 2.9%
- 10 Mtn Nigeria Communications Plc 2.8%
Positions in the fund: 83. The ten largest make up 34% of it.
Composition as of Oct 31, 2026.
Where is it spread?
Spread outBy sector
- Basic materials 32%
- Financials 32%
- Communication services 14%
- Energy 10%
- Consumer cyclical 6.3%
- Other 5.4%
By country
- South Africa 36%
- Canada 13%
- United Kingdom 8.4%
- United States 4.7%
- Other countries 3.7%
By company size
- Large cap 54%
- Mid cap 45%
- Small cap 0.7%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 61% of the fund.
Largest sector: Basic materials (32%). Largest country: South Africa (36%). Largest size group: Large cap (54%).
What does it cost me?
Expensive- A year from $10,000
- $76.00
- Over 20 years
- $3,588
From every $10,000 invested the fund takes $76.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,588.
How has it done?
Growing slowly- A year on average, 10 years
- +2.5%
- Deepest drop
- -44%
- Yearly volatility
- 28%
Average yearly growth over the last ten years: 2.5%. Deepest drop in these years: 44% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.04%
- Payments a year
- 1
- Last payment
- $0.27
Over the last 12 months it paid $0.27 per share, which is 1.04% of today's price. The last payment was $0.27 on Dec 22, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $1.61M
- Shares a day
- 61K
On an average day about $1.61M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 11.8
- Average Bulios Score
- 69 out of 100
Weight by Bulios Fair Price
- Undervalued 39%
- Fairly valued 16%
- Overvalued 45%
On average the companies inside trade for 11.8 times their yearly profit. By Fair Price, 45% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 61% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
SY SYGT40.JO Sygnia Itrix Top 40 ETF | South Africa | 0.15% | $48.4M | +1.1% | Pays out | 29% |
FN FNBT40.JO FNB Top 40 ETF | South Africa | 0.12% | $233.7M | +1.1% | Pays out | 28% |
ST STX40.JO Satrix 40 ETF | South Africa | 0.10% | $1.26B | +0.8% | Pays out | 28% |
EZ EZA iShares MSCI South Africa ETF | United States | 0.59% | $532.0M | +2.5% | Pays out | 27% |
IB IBC4.DE iShares MSCI South Africa UCITS ETF USD | Ireland | 0.65% | $231.2M | +12% | Reinvests | 27% |
ST STXRAF.JO Satrix RAFI 40 ETF | South Africa | 0.52% | $57.9K | +9.2% | Pays out | 25% |