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About VanEck Egypt Index ETF
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Inception date
Feb 16, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189F7758
The security was delisted. The last day of trading on an exchange is March 21, 2024. EGPT offers reasonable exposure to this hard to reach space. It is a passively-managed fund that covers 90% of the investable universe consisting of the largest and most liquid companies that are incorporated in Egypt or have at least 50% of their revenues or related assets in Egypt. The index contains roughly 25 names, individually capped at 8% weighting in the index. Political turmoil shut down the Cairo exchange in spring of 2011, forcing VanEck to halt creations briefly. Investors should monitor the volatile condition in Egypt closely. Most of the distortions in exposure result from 1940 Act diversification requirements, which explain why the fund's sector breakdown differs materially from our unconstrained benchmark. The diversification rules also push the fund toward smaller firms relative to our benchmark. Apart from scheduled quarterly rebalances, the Index provider may carry out additional ad hoc rebalances to the Egypt Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EGPT last dividends amounted to 0.52 MXN. The year before, the issuer paid 25.06 MXN in dividends, which shows a 4.70 K% decrease.
EGPT shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Feb 16, 2010, and its management style is Passive.
EGPT expense ratio is 1.24% meaning you'd have to pay 1.24% of your investment to help manage the fund.
EGPT follows the MVIS Egypt - Discontinued as of 01-May-2024. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EGPT invests in cash.
EGPT trades at a premium (1.54%) meaning the ETF is trading at a higher price than the calculated NAV.