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    Gulf States Index ETF (MES)

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    MES_MidEast_icon_NEW

    The Gulf States Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Dow Jones GCC Titans 40 IndexSM.

    The Dow Jones GCC Titans 40 IndexSM is a rules-based, modified capitalization-weighted, float-adjusted index intended to give investors exposure to the Gulf States.

  • Ticker:- MES;false;DJMES;

  • Details

    Fund | Index

     

    Fact Sheet PDF
    As of August 31, 2010

    Fund Ticker
    MES
    Intraday NAV (IIV)
    MES.IV
    Index Ticker
    DJMEST
    Exchange
    NYSE Arca
    Commencement Date
    07/22/2008


    Gross Expense Ratio *
    4.64%
    Net Expense Ratio *
    0.99%
    Options
    Expected
    AUM
    $11.3MM
    * Expenses for the fund are capped contractually at 0.98% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010
    INCEPTION DATE
    07/10/2008
    CURRENCY
    USD
    PRICE/EARNING RATIO
    10.74
    PRICE/BOOK RATIO
    1.32
    MARKET CAP
    $47.5 B
    52 WEEK HIGH/LOW
    565.34 / 428.87

  • Prices

     

    As of September 01, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Gulf States Index ETFMES $20.74
    $20.90         		3,980
    $0.19 + 0.9%

    $0.24 + 1.2%
    		+ 9.0%
    + 7.6%
    		$0.16
    0.77%     		Chart Export 4.64/0.99

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of July 31, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    DJMEST
    		6.25-7.484.91-2.71n.a.n.a.n.a.-28.85
    FUND/NAV6.56-7.824.04-4.46n.a.n.a.n.a.-29.05
    FUND/Share Price5.65-9.361.18-8.40n.a.n.a.n.a.-29.34
    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    DJMEST
    		-2.15-12.99-1.26-5.24n.a.n.a.n.a.-32.06
    FUND/NAV-32.36-4.13-13.82-2.36-6.88n.a.n.a.-32.36
    FUND/Share Price-4.96-15.18-4.22-8.56n.a.n.a.n.a.-32.35
    *Commencement date: 07/22/2008
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflect current 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.

    As of July 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    DJMEST
    		-28.85%6.25%-7.48%10.07%4.91%-2.71%n.a.n.a.n.a.
    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    DJMEST
    		-32.06%-2.15%-12.99%n.a.-1.26%-5.24%n.a.n.a.n.a.
    *Commencement date: 07/10/2008
    †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.

  • Top 10 Holdings

    Fund | Index

     

    As of September 01, 2010 |TOTAL CONSTITUENTS: 40
    Holding
    Shares
    Market Value (USD)
    % of net assets
    National Bank of Kuwait NBK KK202,525971,951
    8.52%
    Kuwait Finance House KFIN KK244,714936,134
    8.20%
    Mobile Telecommunications Co KSC ZAIN KK212,500901,178
    7.90%
    Qatar National Bank SAQ QNBK QD21,246837,788
    7.34%
    Emaar Properties PJSC EMAAR UH648,522589,308
    5.17%
    Gulf Bank Ksc GBK KK220,000413,146
    3.62%
    Commercial Bank of Kuwait SAK CBK KK135,000413,146
    3.62%
    National Bank of Abu Dhabi PJSC NBAD UH129,810405,794
    3.56%
    Qatar Telecom Q-Tel QSC QTEL QD8,599405,037
    3.55%
    DP World Ltd DPW DU828,889404,173
    3.54%
    As of September 01, 2010 |TOTAL CONSTITUENTS: 40
    Holding
    % of net assets
    National Bank Of Kuwait S.A.K. jWNBK
    8.54%
    Kuwait Finance House K.S.C. jWKFIN
    8.25%
    Mobile Telecommunications Co. (Mtc) K.S.C. jWZAIN
    7.95%
    Qatar National Bank S.A.Q eqQNBK
    7.36%
    Emaar Properties Pjsc EMAAR
    5.09%
    Commercial Bank Of Kuwait S.A.K. jWCBK
    3.64%
    Gulf Bank of Kuwait K.S.C. jWGBK
    3.62%
    Qatar Telecom eqQTEL
    3.53%
    National Bank/Adams County Wes NBAD
    3.51%
    Dp World Ltd DPWRF
    3.50%

  • Key Features

    Fund | Index

     

    Nation's First ETF Focused Exclusively on GCC Countries

    Kuwait, United Arab Emirates, Qatar, Oman and Bahrain

    Pure Play

    index constituents must be headquartered in, or generate the majority of revenues in, countries belonging to the GCC

    Convenient Way to Customize International Exposure

    complement traditional foreign exposure with investments beyond mainstream emerging markets
    The Index comprises:

    A diversified group of 40 companies; market participant gain direct or indirect exposure to the investable GCC countries

    Companies eligible for inclusion in Index:
    • Headquartered or generating majority of revenues in countries belonging to the GCC
    • Market cap exceeding $100 million
    • Three-month average daily turnover greater than $1 million
    • Traded on recognized domestic or international stock exchanges

    Index provider:
    Dow Jones Indexes  

  • Index Sector Breakdown

    Index

     

    As of June 30, 2010
    Banks48.2%
    Financial Services12.6%
    Real Estate8.8%
    Technology7.9%
    Telecommunications7.2%
    Industrial Goods & Services6.5%
    Utilities2.7%
    Other6.1%

  • Index Country Breakdown

    Index

     

    As of June 30, 2010
    Kuwait42.00%
    Qatar25.30%
    United Arab Emirates21.90%
    Oman5.10%
    Bahrain4.30%
    Yemen1.40%

  • Index Market Capitalization

     

    As of June 30, 2010
    LARGE (>5.0B)0.0%
    MEDIUM (1.0 - 5.0B)73.2%
    SMALL (<1.0B)26.8%
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    Important Disclosure

    The Fund is subject to a high degree of risk, including those associated with less reliable financial information, higher costs, taxation, decreased liquidity, less stringent reporting, and foreign currency risks. Special risks particular to Gulf investments include expropriation, political instability, economic impacts of armed conflict, civil war and severe social instability, less developed capital markets, lower market capitalization, lower trading volume, illiquidity, inflation, greater price fluctuations, uncertainty regarding the existence of trading markets, politically controlled access to trading markets, unsettled securities laws, and trade barriers. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

    The Dow Jones GCC Titans 40 IndexSM is calculated and maintained by Dow Jones Indexes. Van Eck's Market Vectors Gulf States Index ETF is not sponsored, endorsed, sold or promoted by Dow Jones Indexes and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s).

    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. Index returns assume that dividends have been reinvested.

    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 will 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 risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information.  Please read the prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor