• Ticker:- MES;false;MVMES;
  • Ticker Group:- ETFEQ_INTL;false;;
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Gulf States Index ETF MES

  • Full Name: Market Vectors®
    Gulf States Index ETF (MES)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP GCC Index (MVMESTR)

    Index Provider: Market Vectors Index Solutions

    Index Description: MVMESTR tracks the performance of the largest and most liquid companies in the Gulf Cooperation Council (GCC) region which includes the following countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The weighting of a country in the index is determined by the size of its gross domestic product.
     

  •  
      

    • 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 10/01/14

    • 30-Day SEC Yield1

      2.05%
    • Total Net Assets

      $27.2M
    • Number of Holdings

      59
    • Options

      Expected
    • Gross Expense Ratio2

      2.59%
    • Net Expense Ratio/TER2

      0.98%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • 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

      800,000
    • Estimated Cash

      MESRU
    • Total Cash

      MESTC
    • CUSIP

      57060U779
    • ISIN

      US57060U7798
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      2.09%
    • Gross Expense Ratio

      2.59%
    • Fee Waivers and
      Expense Reimbursement

      -1.61%
    • Net Expense Ratio/TER2

      0.98%
    2 Expenses for MES are capped contractually at 0.98% until at least May 1, 2015 Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Prices as of 10/01/2014

    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 $33.96
    $33.35
    15,310
    17,446
    $0.00 / -0.01%
    $-0.34 / -1.01%
    + 25.4%
    + 23.7%

    $-0.61
    -1.81%
  • 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
    07/23/08
    MES (NAV) 1.98 -5.41 23.29 36.28 20.06 10.76 -- -1.21
    MES (Share Price) 0.46 -6.19 22.00 34.14 19.70 10.73 -- -1.44
    MVMESTR (Index) 5 3.27 -3.56 25.88 39.34 22.17 12.23 -- -0.26
    Performance Differential (NAV - Index) -1.29 -1.85 -2.59 -3.06 -2.11 -1.47 -- -0.95
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/23/08
    MES (NAV) -14.42 -2.26 11.55 28.49 14.38 10.80 -- -2.89
    MES (Share Price) -15.40 -4.38 10.01 24.09 14.42 10.00 -- -3.18
    MVMESTR (Index) 5 -14.25 -1.92 11.93 29.90 15.66 11.92 -- -2.22
    Performance Differential (NAV - Index) -0.17 -0.34 -0.38 -1.41 -1.28 -1.12 -- -0.67
  • View All Holdings »Top 10 Holdings (%)as of 08/31/14

    Total Holdings: 57
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Emaar Properties Pjsc
    EMAAR UH
    813,693
    2,274,9728.51
    National Bank Of Kuwait
    NBK KK
    456,035
    1,586,6515.94
    Bankmuscat Saog
    BKMB OM
    702,482
    1,335,0795.00
    Masraf Al Rayan
    MARK QD
    83,543
    1,193,8474.47
    Kuwait Finance House
    KFIN KK
    411,580
    1,171,6044.38
    First Gulf Bank Pjsc
    FGB UH
    227,262
    1,131,4224.23
    Mobile Telecommunications Co Ksc
    ZAIN KK
    494,952
    1,130,6234.23
    Qatar National Bank Saq
    QNBK QD
    19,087
    1,060,4203.97
    National Bank Of Abu Dhabi Pjsc
    NBAD UH
    275,983
    1,051,9223.94
    Abu Dhabi Commercial Bank Pjsc
    ADCB UH
    456,495
    996,9563.73
    Top 10 Total (%)48.40
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%)
    as of 08/31/14

    • Country

      % of Net Assets
    • UAE

      35.5
    • QATAR

      25.4
    • Kuwait

      23.2
    • OMAN

      9.7
    • SOUTH KOREA

      2.2
    • UNITED KINGDOM

      2.1
    • U.S.

      2.0
    • Other

      -0.2
  • Sector Weightings (%)
    as of 08/31/14

    • Sector

      % of Net Assets
    • Financials

      65.0
    • Industrials

      14.1
    • Telecommunication Services

      13.0
    • Energy

      6.1
    • Utilities

      1.1
    • Materials

      0.8
    • Other

      -0.2