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    Poland ETF (PLND)

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    PLND_Poland_icon_NEW

    The Poland ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Poland Index. 

    The Market Vectors Poland Index is a rules-based, modified market capitalization-weighted, float-adjusted index intended to give investors exposure to Poland.

    PDFInvestment Case for Poland 

  • Ticker:- PLND;false;MVPLND;

  • Details

    Fund | Index

     

    As of June 30, 2010

    Fund Ticker
    PLND
    Intraday NAV (IIV)
    PNLD.IV
    Index Ticker
    MVPLNDTR
    Exchange
    NYSE Arca
    Commencement Date
    11/24/2009


    Gross Expense Ratio *
    7.31%
    Net Expense Ratio *
    0.65%
    Options
    Expected
    AUM
    $25.9M
    * Expenses for the fund are capped contractually at 0.65% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of May 31, 2010
    INCEPTION DATE
    11/24/2009
    CURRENCY
    USD
    PRICE/EARNING RATIO
    18
    PRICE/BOOK RATIO
    2.48
    MARKET CAP
    $96.1 B
    52 WEEK HIGH/LOW
    n.a. / n.a.

  • Prices

     

    As of July 29, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Poland ETFPLND $23.93
    $23.92         		11,522
    $0.13 + 0.6%

    $0.21 + 0.9%
    		- 0.6%
    - 1.2%
    		$-0.01
    -0.04%     		Chart Export 7.31/0.65

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of May 31, 2010
    		LIFE*1MO3MOYTD1YR5 YR†
    INDEX
    MVPLNDTR
    		-11.75-14.28-5.23-9.77n.a.n.a.
    FUND/NAV-12.46-14.64-6.20-10.17n.a.n.a.
    FUND/Share Price-11.94-13.89-5.88-10.16n.a.n.a.
    As of March 31, 2010
    		LIFE*1MO3MOYTD1YR5 YR†
    INDEX
    MVPLNDTR
    		4.2211.926.566.56n.a.n.a.
    FUND/NAV4.2511.716.986.98n.a.n.a.
    FUND/Share Price4.6911.896.816.81n.a.n.a.
    *Commencement date: 11/24/2009
    †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 May 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR5 YR†
    INDEX
    MVPLNDTR
    		-11.75%-14.28%-5.23%n.a.-9.77%n.a.n.a.
    As of March 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR5 YR†
    INDEX
    MVPLNDTR
    		4.22%11.92%6.56%n.a.6.56%n.a.n.a.
    *Commencement date: 11/24/2009
    †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.

  • Top 10 Holdings

    Fund | Index

     

    As of July 29, 2010 |TOTAL CONSTITUENTS: 28
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Powszechna Kasa Oszczednosci Bank Polski SA PKO PW226,2652,935,002
    7.91%
    Bank Pekao SA PEO PW53,9712,921,995
    7.88%
    KGHM Polska Miedz SA KGH PW82,0542,853,520
    7.69%
    Polski Koncern Naftowy Orlen PKN PW192,7872,485,479
    6.70%
    Telekomunikacja Polska SA TPS PW423,7032,183,102
    5.89%
    Polska Grupa Energetyczna SA PGE PW285,0902,055,896
    5.54%
    Polskie Gornictwo Naftowe I Gazownictwo SA PGN PW1,626,9031,927,990
    5.20%
    Jeronimo Martins SGPS SA JMT PL160,8961,750,599
    4.72%
    Central European Distribution Corp CEDC61,1871,584,131
    4.27%
    Asseco Poland SA ACP PW85,3811,530,528
    4.13%
    As of July 29, 2010 |TOTAL CONSTITUENTS: 27
    Holding
    % of net assets
    PKO BANK POLSKI SA PLPKO0000016
    8.00%
    BANK PEKAO SA PLPEKAO00016
    7.98%
    KGHM POLSKA MIEDZ SA PLKGHM000017
    7.59%
    POLSKI KONCERN NAFTOWY SA PLPKN0000018
    6.73%
    TELEKOMUNIKACJA POLSKA SA PLTLKPL00017
    5.80%
    POLSKA GRUPA ENERGETYCZNA SA PLPGER000010
    5.59%
    POLSKIE GORNICTWO NAFTOWE I PLPGNIG00014
    5.10%
    BRE BANK SA PLBRE0000012
    4.74%
    JERONIMO MARTINS PTJMT0AE0001
    4.68%
    CENTRAL EURO DISTRIBUTION CP US1534351028
    4.43%

  • Key Features

    Fund | Index

     

    Focused Exclusively on Poland

    one of the largest and fastest growing economies in Central and Eastern Europe

    Growing domestic consumption supports small-, mid-caps

    underlying index: all-cap exposure with small- and mid-cap focus

    Access Poland's Equity Market

    through many of the largest and most liquid stocks in the investable universe

    Pure Play

    index constituents must be domiciled and primarily listed on an exchange in Poland, or generate at least 50% of their revenues in Poland
    The Index comprises:

    A diversified group of many of the largest and most liquid companies in the investable universe.

    Companies eligible for inclusion in Index:
    • Companies domiciled and primarily listed in Poland, or generating at least 50% of their revenues in Poland;
    • Market cap exceeding $150 million;
    • Three-month average daily trading volume of at least $1 million;
    • Minimum trading volume of 250,000 shares each month over last 6 months.

    Index provider:

    4asset-management 

  • Index Sector Breakdown

    Index

     

    As of May 31, 2010
    Financials39.6%
    Energy14.1%
    Consumer Staples8.4%
    Industrials8.2%
    Telecommunication Services7.0%
    Materials6.6%
    Consumer Discretionary5.8%
    Utilities4.8%
    Information Technology4.5%
    Health Care1.0%

  • Index Market Capitalization

     

    As of May 31, 2010
    LARGE (>5.0B)42.8%
    MEDIUM (1.0 - 5.0B)44.7%
    SMALL (<1.0B)12.5%
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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 Poland investments include expropriation, political instability and severe social instability, less developed capital markets, lower market capitalization, lower trading volume, illiquidity, inflation, greater price fluctuations and unsettled securities laws. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. Investors should be willing to accept a high degree of volatility and the potential of significant loss. Please refer to the prospectus for more complete information on the risks of investing in the Fund.

    Market Vectors Poland Index (the “Index”) is the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties.

    4asset-management GmbH does not sponsor, endorse or promote Market Vectors Poland ETF and makes no representation regarding the advisability of investing in the Fund.

    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.

    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