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MES Market Vectors Gulf States Index ETF

  • Fund Description

    Market Vectors® Gulf States Index ETF (MES®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors GDP GCC Index (MVMESTR), which includes local listings of companies that are incorporated in the Gulf Cooperation Council (GCC) and offshore listings of companies incorporated outside of the GCC that generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in the GCC.

  •  
      

    • Fund Ticker

      MES
    • Exchange

      NYSE Arca
    • Commencement

      07/22/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVMESTR
    • Index Rebalancing

      Quarterly
  •  
    as of 04/28/16

    • 30-Day SEC Yield1

      3.16%
    • Total Net Assets

      $6.9M
    • Number of Holdings

      56
    • Options

      Expected
    • Gross Expense Ratio2

      2.07%
    • Net Expense Ratio/TER2

      0.99%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Key Points

    Nation's First ETF Focused Exclusively on GCC Countries  
    Kuwait, United Arab Emirates, Qatar, Oman, Bahrain, and Saudi Arabia
    Pure Play  
    Index constituents must be headquartered in, or generate the majority of revenues in, countries belonging to the GCC
    Customize International Exposure  
    Complement traditional foreign exposure with investments beyond mainstream emerging markets
  • Trading Information

    • Fund Ticker

      MES
    • Index Total Return Ticker

      MVMESTR
    • NAV

      MESNV
    • Intraday NAV (IIV)4

      MESIV
    • Shares Outstanding

      300,000
    • Estimated Cash

      MESRU
    • Total Cash

      MESTC
    • CUSIP

      57060U779
    • ISIN

      US57060U7798
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      1.57%
    • Gross Expense Ratio

      2.07%
    • Fee Waivers and
      Expense Reimbursement

      -1.08%
    • Net Expense Ratio/TER2

      0.99%
    2 Expenses for MES are capped contractually at 0.98% until at least May 1, 2016. Cap excludes certain expenses, such as interest.
  • Prices as of 04/28/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    MES $23.13
    $22.50
    920
    30
    -$0.06 / -0.25%
    $0.00 / +0.00%
    +4.3%
    +1.8%
    $-0.63
    -2.74%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/08
    MES (NAV) 6.02 1.53 1.53 -10.82 3.70 3.90 -- -4.93
    MES (Share Price) 5.01 -0.36 -0.36 -11.53 3.06 3.49 -- -5.18
    MVMESTR (Index) 5 6.01 1.52 1.52 -9.90 5.01 5.06 -- -4.14
    Performance Differential (NAV - Index) 0.01 0.01 0.01 -0.92 -1.31 -1.16 -- -0.79
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/08
    MES (NAV) 6.02 1.53 1.53 -10.82 3.70 3.90 -- -4.93
    MES (Share Price) 5.01 -0.36 -0.36 -11.53 3.06 3.49 -- -5.18
    MVMESTR (Index) 5 6.01 1.52 1.52 -9.90 5.01 5.06 -- -4.14
    Performance Differential (NAV - Index) 0.01 0.01 0.01 -0.92 -1.31 -1.16 -- -0.79
  • Daily Holdings »Top 10 Holdings (%)  as of 03/31/16

    Total Holdings: 56
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Emirates Telecommunications Group Co Pj
    ETISALAT UH
    93,315
    470,0056.95
    Qatar National Bank Saq
    QNBK QD
    11,022
    426,0846.30
    National Bank Of Kuwait Sakp
    NBK KK
    191,974
    426,0186.30
    Emaar Properties Pjsc
    EMAAR UH
    188,217
    308,5524.56
    Kuwait Finance House Kscp
    KFIN KK
    190,154
    302,2564.47
    Oman Telecommunications Co Saog
    OTEL OM
    72,630
    287,6164.25
    Samsung Engineering Co Ltd
    028050 KS
    28,513
    270,4434.00
    Bank Muscat Saog
    BKMB OM
    259,518
    257,3783.81
    Industries Qatar Qsc
    IQCD QD
    7,942
    236,1703.49
    Mediclinic International Plc
    MDC LN
    16,217
    208,3883.08
    Top 10 Total (%)47.21
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 03/31/16

    • Country

      % of Net Assets
    • UAE

      31.26
    • QATAR

      28.56
    • Kuwait

      22.44
    • OMAN

      8.06
    • SOUTH KOREA

      4.00
    • SOUTH AFRICA

      3.08
    • UNITED STATES

      1.84
    • UNITED KINGDOM

      0.84
    • Other/Cash

      -0.08
  • Sector Weightings (%) as of 03/31/16

    • Sector

      % of Net Assets
    • Financials

      56.0
    • Telecommunication Services

      20.0
    • Industrials

      14.1
    • Energy

      4.1
    • Health Care

      3.1
    • Materials

      1.6
    • Utilities

      1.2
    • Other/Cash

      -0.1