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  • ETF
  • GAF
    Pricing Data
    Change: $0.59 (0.01%)
    Time: 10/25/16
    Previous Close: $58.41
  • Category
  • Emerging Markets Equities
Last Updated:



Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $40.81
  • 52 Week Hi: $64.31
  • AUM: $29.6 M
  • Shares: 0.5 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 978
  • 3 Month Avg. Volume: 1,183

Alternative ETFs in the Emerging Markets Equities Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

GAF offers exposure to Middle Eastern and African equities, holding companies that based in either of these regions. For investors who want to overweight this segment of the market, this ETF is one of the few options available although it should be noted that the fund is heavily weighted towards South Africa and Israel. GAF is a nice option for those looking to gain greater exposure to the region but should only be thought of as a high volatility, satellite holding by most investors.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for GAF on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Emerging Markets Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

GAF Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- EEM
Expenses A- SCHE

Knowledge Centers

GAF In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

GAF Holdings

Filings Data as of: Oct 04, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Category Low
Category High
% Assets in Top 10
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 98.6%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.29%
Other 1.11%

Sector Breakdown

Sector Percentage
Financial Services 26.58%
Technology 17.84%
Consumer Cyclical 11.29%
Communication Services 8.72%
Basic Materials 8.7%
Real Estate 6.85%
Consumer Defensive 5.55%
Industrials 4.76%
Health Care 4.25%
Energy 3.63%
Utilities 0.42%

Market Cap Breakdown

Market Cap Percentage
Giant 21.97%
Large 32.13%
Medium 35.54%
Small 7.99%
Micro 0.96%

Region Breakdown

Region Percentage
Africa 78.2%
Middle East 19.87%
Europe 0.53%
Asia (Emerging) 0.0%
Japan 0.0%
Australia 0.0%
Asia (Developed) 0.0%
Latin America 0.0%
Canada 0.0%
U.S. 0.0%

Market Tier Breakdown

Region Percentage
Emerging 78.2%
Developed 20.4%

Country Breakdown

Country Percentage
South Africa 75.11%
United Arab Emirates 10.66%
Qatar 9.21%
Egypt 3.08%
Malta 0.53%
Other 1.41%

GAF Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Category Low
Category High

GAF Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Category Low
Category High
4 Week Return
Category Low
Category High
13 Week Return
Category Low
Category High
26 Week Return
Category Low
Category High
Year to Date Return
Category Low
Category High
1 Year Return
Category Low
Category High
3 Year Return
Category Low
Category High
5 Year Return
Category Low
Category High

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The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of GAF relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

GAF Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Category Low
Category High

As of Jul 21 2016

GAF Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Category Low
Category High

As of Jul 21, 2016

GAF Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Category Low
Category High
20 Day Volatility
Category Low
Category High
50 Day Volatility
Category Low
Category High
200 Day Volatility
Category Low
Category High
Category Low
Category High
Standard Deviation
Category Low
Category High


  • 20 Day MA: $58.69
  • 60 Day MA: $59.98
  • MACD 15 Period: 0.69
  • MACD 100 Period: 0.35
  • Williams % Range 10 Day: n/a
  • Williams % Range 20 Day: 39.92
  • RSI 10 Day: 55
  • RSI 20 Day: 50
  • RSI 30 Day: 50
  • Ultimate Oscillator: 63

Bollinger Brands

  • Lower Bollinger (10 Day): $55.99
  • Upper Bollinger (10 Day): $59.49
  • Lower Bollinger (20 Day): $56.35
  • Upper Bollinger (20 Day): $61.02
  • Lower Bollinger (30 Day): $56.86
  • Upper Bollinger (30 Day): $60.92

Support & Resistance

  • Support Level 1: $58.96
  • Support Level 2: $58.92
  • Resistance Level 1: $59.02
  • Resistance Level 2: $59.04


  • Stochastic Oscillator %D (1 Day): 49.21
  • Stochastic Oscillator %D (5 Day): 80.10
  • Stochastic Oscillator %K (1 Day): 41.85
  • Stochastic Oscillator %K (5 Day): 68.25

Fact Sheet

Fact sheets are issued by the ETF provider and framed by Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.