---
ticker: "AFK"
name: "VanEck Africa Index ETF"
url: "https://etf.net/etf/AFK"
grade: "D"
score: 38
graded_at: "2026-10-12"
category: "Emerging Markets Stocks"
category_rank: "17 of 22"
methodology: "https://etf.net/methodology"
---

# AFK: VanEck Africa Index ETF

Grade **D**, Score 38 of 100. Rank 17 of 22 in Emerging Markets Stocks.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 12 | 19 of 22 |
| Mission | 62 | 15 of 17 |
| Risk | 31 | 22 of 22 |
| Tradability | 52 | 13 of 22 |
| Holdings | 37 | 14 of 19 |
| Durability | 62 | 8 of 22 |

## Top holdings

The fund holds 80 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Attijariwafa Bank | 4.53% |
| 2 | AU | Anglogold Ashanti Plc | 4.16% |
| 3 | NPN.JO | Naspers Ltd | 3.37% |
| 4 | — | Aradel Holdings Plc | 3.34% |
| 5 | EDV.L | Endeavour Mining Plc | 3.27% |
| 6 | FSR.JO | Firstrand Ltd | 3.25% |
| 7 | GFI | Gold Fields Ltd | 3.18% |
| 8 | IVN.TO | Ivanhoe Mines Ltd | 3.16% |
| 9 | SEPL.L | Seplat Energy Plc | 2.93% |
| 10 | — | Guaranty Trust Holding Co Plc | 2.83% |
| 11 | AYA | Aya Gold & Silver Inc | 2.81% |
| 12 | — | Mtn Nigeria Communications Plc | 2.80% |
| 13 | — | Safaricom Plc | 2.80% |
| 14 | — | Zenith Bank Plc | 2.80% |
| 15 | — | Equity Group Holdings Plc/Kenya | 2.67% |
| 16 | CPI.JO | Capitec Limited | 2.57% |
| 17 | GLNG | Golar Lng Ltd | 2.55% |
| 18 | SBK.JO | Standard Bank Group Ltd | 2.51% |
| 19 | IAG | Iamgold Corp | 2.32% |
| 20 | — | Banque Centrale Populaire | 2.31% |
| 21 | AAF.L | Airtel Africa Plc | 2.30% |
| 22 | FM.TO | First Quantum Minerals Ltd | 2.21% |
| 23 | — | Societe D'Exploitation Des Ports | 1.95% |
| 24 | PRU.AX | Perseus Mining Ltd | 1.84% |
| 25 | B | Barrick Mining Corp | 1.84% |
| 26 | HTWS.L | Helios Towers Plc | 1.84% |
| 27 | MTN.JO | Mtn Group Ltd | 1.79% |
| 28 | VAL.JO | Valterra Platinum Ltd | 1.73% |
| 29 | MAU.TO | Montage Gold Corp | 1.57% |
| 30 | IAM.PA | Itissalat Al-Maghrib | 1.38% |

Source: etf.net, https://etf.net/etf/AFK. Please cite the page URL.