Market Vectors® Pre-Refunded Municipal Index ETF

Market Vectors^® Pre-Refunded Municipal Index ETF (PRB)
The Market Vectors® Pre-Refunded Municipal Index ETF (PRB) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Capital Municipal Pre-Refunded Treasury-Escrowed Index (LMPETR). The Index is comprised of pre-refunded and escrowed-to-maturity municipal securities secured by an escrow or trust account containing obligations directly issued or unconditionally guaranteed by the U.S. government.
Ticker:- PRB;true;LMPETR;

Details

As of February 04, 2012

Fund Ticker	PRB
ISIN	US57060U7384
Intraday NAV (IIV)	PRB.IV
Index Ticker	LMPETR
Exchange	NYSE Arca
Commencement Date	02/02/2009
Total Annual Fund Operating Expenses *	0.24%

AUM	$33.1MM
Avg Yield to Worst¹	0.72
Avg Modified Duration	3.77
Avg Years to Maturity	12.03
Avg Coupon	4.95
Subject to Alternative Minimum Tax	No

* The Investment Management Agreement between Market Vectors ETF Trust (the “Trust”) and Van Eck Associates Corporation (the “Adviser”) provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the Investment Management Agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

As of February 03, 2012

Index Ticker	LMPETR
Inception Date	01/15/2009
Avg Yield to Worst¹	0.59
Avg Years to Maturity	3.31
Avg Coupon	5.02

Avg Weighted Price	$ 111.32
Subject to Alternative Minimum Tax	No
Number of Holdings	2,320
Market Value	$ 60.04 B

Fund Prices

as of February 03, 2012

	TICKER	NAV/ Last Price	Volume	Daily Change NAV/ Last Price	YTD Change NAV/ Last Price	Premium/ Discount	Premium/ Discount Distribution	NAV Price History Premium-Discount	Total Expense Ratio
Pre-Refunded Municipal Index ETF	PRB	$25.44 $25.28	0	$-0.03 +0.0% $0 +0.1%	+ 0.8% + 0.5%	$-0.16 -0.63%			0.24

Top 10 Holdings

Fund | Index

Full Holdings, Ratings and CUSIPs As of February 03, 2012 \| TOTAL CONSTITUENTS: 64
Holding	Coupon	Maturity	MOODY'S Rating	S&P Rating	Fitch Rating	% of net assets	State
City Of Omaha Ne	6.500	12/01/2030	Aaa	AAA	NA	4.67%	NE
Il Toll Hwy	5.000	01/01/2027	Aa3	AA-	WD	4.52%	IL
Massachusetts Tpk -A	5.125	01/01/2023	#Aaa	NR	WD	4.33%	MA
Il Toll Hwy	5.000	01/01/2031	Aa3	AA-	WD	3.62%	IL
In Trn Fin Ser A	5.250	06/01/2021	Aa1	AA+	WD	3.39%	IN
Commonwealth Of Puerto Rico	5.000	07/01/2033	NA	AA+	NA	3.09%	PR
State Of California	5.125	02/01/2027	A1	AA+	AAApre	2.90%	CA
Il Toll Hwy -Ser A-1	5.000	01/01/2026	Aa3	AA-	WD	2.71%	IL
Jefferson Sd #R-001	5.000	12/15/2022	Aa2	AA-	WD	2.34%	CO
Ma Bay Trn Assmt-A	5.000	07/01/2025	Aa1	AAA	NA	2.27%	MA
NA = Rating not available; NR = Not rated; WD = Rating withdrawn by Fitch; WR = Rating withdrawn by Moody's; - = Rating on watch for possible downgrade; + = Rating on watch for possible upgrade; * = Rating on watch developing

As of February 03, 2012 \|TOTAL CONSTITUENTS: 2320
Holding	Coupon	Maturity	Weighting
Los Angeles, CA Uni School Dist	5.000	01/01/2028	0.61%
Tobacco Setlmnt Funding Corp N	6.000	06/01/2039	0.61%
Triborough Brdg & Tunl Auth N	5.000	01/01/2032	0.60%
NJ Tpk Auth Tpk Rev	6.000	01/01/2016	0.55%
Tobacco Setlmnt Funding Corp N	6.000	06/01/2042	0.55%
California State	5.000	02/01/2033	0.47%
Tobacco Setlmnt Funding Corp N	5.000	06/01/2032	0.47%
Greenville Co, SC School Dist I	5.000	12/01/2028	0.43%
Tobacco Setlmnt Funding Corp N	6.000	06/01/2037	0.40%
State Pub School Bldg Auth, PA School	5.000	06/01/2033	0.37%

12 Month Yield²
More Info
Fund

As of February 03, 2012

12 Month Yield² 1.31%

The most recent monthly dividend per share, annualized (multiplied by 12) and divided by latest NAV.

Performance History (%)

Fund

All Funds | All Indices

Month-End | Quarter-End

As of December 31, 2011	1MO	3MO	YTD	1YR	3YR†	5 YR†	10YR†	LIFE*
INDEX LMPETR	0.60	0.47	3.48	3.48	3.10	n.a.	n.a.	2.57
FUND/NAV	0.79	0.49	3.62	3.62	n.a.	n.a.	n.a.	2.09
FUND/Share Price	1.11	0.97	3.38	3.38	n.a.	n.a.	n.a.	2.00
After Tax Held	n.a.	n.a.	n.a.	3.58	n.a.	n.a.	n.a.	2.08
After Tax Sold	n.a.	n.a.	n.a.	2.87	n.a.	n.a.	n.a.	1.98

As of December 31, 2011	1MO	3MO	YTD	1YR	3YR†	5 YR†	10YR†	LIFE*
INDEX LMPETR	0.60	0.47	3.48	3.48	3.10	n.a.	n.a.	2.57
FUND/NAV	0.79	0.49	3.62	3.62	n.a.	n.a.	n.a.	2.09
FUND/Share Price	1.11	0.97	3.38	3.38	n.a.	n.a.	n.a.	2.00
After Tax Held	n.a.	n.a.	n.a.	3.58	n.a.	n.a.	n.a.	2.08
After Tax Sold	n.a.	n.a.	n.a.	2.87	n.a.	n.a.	n.a.	1.98

*Commencement date: 02/02/2009

†Annualized

The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflects temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

Month-End | Quarter-End

As of December 31, 2011	LIFE*	1MO	3MO	6 MO	YTD	1YR	3YR†	5 YR†	10YR†
INDEX LMPETR	2.57%	0.60%	0.47%	1.44%	3.48%	3.48%	n.a.%	2.57%	n.a.%

As of December 31, 2011	LIFE*	1MO	3MO	6 MO	YTD	1YR	3YR†	5 YR†	10YR†
INDEX LMPETR	2.57%	0.60%	0.47%	1.44%	3.48%	3.48%	3.10%	n.a.%	n.a.%

*Commencement date: 01/15/2009

†Annualized

The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.

Index Geographical Breakdown

Index

As of February 03, 2012
CA	16.08%	NJ	10.84%	NY	9.81%	MA	6.35%	PR	5.63%	TX	4.77%	PA	3.70%	OH	3.22%
IL	3.10%	GA	3.10%	CO	2.87%	MD	2.81%	NC	2.54%	MI	2.24%	VA	1.98%	TN	1.98%
IN	1.72%	AZ	1.72%	FL	1.54%	WA	1.39%	NV	1.38%	SC	1.37%	LA	1.15%	DC	1.04%
NM	0.99%	WI	0.90%	HI	0.79%	CT	0.74%	UT	0.68%	MN	0.63%	KY	0.54%	AK	0.42%
NE	0.37%	OR	0.37%	OK	0.28%	AL	0.27%	DE	0.21%	KS	0.14%	RI	0.13%	MO	0.12%
NH	0.05%	MS	0.02%	ME	0.01%

Distributions

Fund

More Info

Anticipated Dividend Frequency	Monthly
Capital Gains	Annually

Key Features

Fund | Index

High Credit Quality

Highest available in municipal bond market

Liquidity

most liquid segment of municipal bond market

Limited Interest Rate Risk

bonds in index have relatively short maturities

Attractive Tax-Free Income

yields typically exceed those on Treasuries on taxable-equivalent basis, and income is generally exempt from federal and, in some cases, state and local taxes

Attractive Historical Returns

relative to municipals and other segments of global fixed-income markets, on taxable-equivalent and risk-adjusted basis

The Index comprises:

Pre-refunded and escrowed-to-maturity bonds (ETMs) with underlying collateral comprised solely of U.S. Treasuries and U.S. Treasury-issued State and Local Government Series bonds (SLGs)

Issues eligible for inclusion in Index:

Nominal maturity of 1-30 years
Outstanding par value of at least $7 million
Issued as part of transaction of at least $75 million in value
Fixed rate coupon and denominated in U.S. dollars

Index provider:

Barclays Capital

1. “Avg Yield to Worst” is equal to either the lowest of either yield-to-maturity or yield-to-call date on every possible call date.

2. Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included.

2. 30-Day SEC Yield is a standard calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund’s expenses for the period. Tax Equivalent 30-Day SEC Yield or tax equivalent yield (TEY) is used by investors to compare yields on taxable and tax-exempt securities after accounting for taxes. TEY represents the yield a taxable bond would have to earn in order to match – after taxes – the yield available on a tax-exempt municipal bond. TEY = Tax Free Municipal Bond Yield/(1 -Tax Rate). For Market Vectors Municipal ETF Series the highest Federal individual income tax rate of 35% is assumed. 12-Month Yield is the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past twelve months and dividing the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Important Disclosure

Municipal bonds are subject to risks related to litigation, legislation, political change, conditions in underlying sectors or in local business communities and economies, bankruptcy or other changes in the issuer’s financial condition, and/or the discontinuance of taxes supporting the project or assets or the inability to collect revenues for the project or from the assets. Bonds and bond funds will decrease in value as interest rates rise. Additional risks include credit, interest rate, call, reinvestment, tax, market and lease obligation risk. Interest and principal payments for pre-refunded bonds are funded from securities in an escrow account. The escrowed securities do not guarantee the price of these bonds. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that the Fund’s income will be exempt from federal or state income taxes, and changes in those tax rates or in alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax.

A portion of the Funds’ dividends may be subject to federal, state, or local income taxes or may be subject to the federal alternative minimum tax.

After Tax Held Returns represent return after taxes on distributions and assumes shares have not been sold. After Tax Sold Returns represent the return after taxes on distributions and the sale of fund shares. After Tax on Distributions assumes shares have not been sold. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement

The Barclays Capital Municipal Pre-Refunded–Treasury-Escrowed Index is calculated and maintained by Barclays Capital Inc. Barclays Capital Inc. does not sponsor, endorse, or promote the Funds and bears no liability with respect to any such Funds or security.

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses.

The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You may incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus or summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf . Please read the prospectus or summary prospectus carefully before investing.

Not FDIC Insured — No Bank Guarantee — May Lose Value

Van Eck Securities Corporation, Distributor
335 Madison Avenue, 19th Floor
New York, NY 10017
800.826.2333

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