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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 02/12/16

    • 30-Day SEC Yield1

      5.43%
    • Total Net Assets

      $7.1M
    • Number of Holdings

      57
    • 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

      350,000
    • 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 02/12/16

    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 $20.35
    $19.87
    1,005
    372
    $0.17 / +0.85%
    $0.22 / +1.12%
    -8.3%
    -10.1%
    $-0.48
    -2.37%
  • 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) -11.04 -16.61 -11.04 -21.69 -0.26 0.13 -- -6.69
    MES (Share Price) -11.86 -16.26 -11.86 -21.74 -0.30 -0.42 -- -6.82
    MVMESTR (Index) 5 -8.53 -13.72 -8.53 -18.39 1.93 1.90 -- -5.54
    Performance Differential (NAV - Index) -2.51 -2.89 -2.51 -3.30 -2.19 -1.77 -- -1.15
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/08
    MES (NAV) 1.95 -9.10 -13.42 -13.42 6.04 2.40 -- -5.28
    MES (Share Price) 3.11 -7.14 -12.45 -12.45 6.48 1.94 -- -5.30
    MVMESTR (Index) 5 2.38 -8.29 -13.16 -13.16 7.48 3.57 -- -4.46
    Performance Differential (NAV - Index) -0.43 -0.81 -0.26 -0.26 -1.44 -1.17 -- -0.82
  • Daily Holdings »Top 10 Holdings (%)  as of 01/31/16

    Total Holdings: 57
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Emirates Telecommunications Group Co Pj
    ETISALAT UH
    120,480
    539,6407.81
    Qatar National Bank Saq
    QNBK QD
    9,483
    434,8786.29
    National Bank Of Kuwait
    NBK KK
    170,443
    395,9075.73
    Emaar Properties Pjsc
    EMAAR UH
    243,009
    327,1874.74
    Oman Telecommunications Co
    OTEL OM
    70,125
    259,3933.75
    Bankmuscat Saog
    BKMB OM
    238,636
    257,5663.73
    Kuwait Finance House
    KFIN KK
    161,154
    255,9093.70
    Industries Qatar Qsc
    IQCD QD
    8,199
    231,7323.35
    Abu Dhabi Commercial Bank Pjsc
    ADCB UH
    135,657
    224,5363.25
    First Gulf Bank Pjsc
    FGB UH
    77,925
    213,4753.09
    Top 10 Total (%)45.44
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • UAE

      35.12
    • QATAR

      26.60
    • Kuwait

      19.59
    • OMAN

      7.48
    • UNITED STATES

      2.55
    • BAHRAIN

      2.44
    • SOUTH KOREA

      1.49
    • UNITED KINGDOM

      0.73
    • Other/Cash

      4.00
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Financials

      57.4
    • Telecommunication Services

      19.2
    • Industrials

      11.6
    • Energy

      4.6
    • Materials

      1.3
    • Utilities

      1.1
    • Health Care

      0.9
    • Other/Cash

      4.0