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    Vietnam ETF (VNM)

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    VNM_Vietnam_icon_NEW

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

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

    PDFInvestment Case for Vietnam 

  • Ticker:- VNM;false;MVVNM;

  • Details

    Fund | Index

     

    As of June 30, 2010

    Fund Ticker
    VNM
    Intraday NAV (IIV)
    VNM.IV
    Index Ticker
    MVVNMTR
    Exchange
    NYSE Arca
    Commencement Date
    08/11/2009


    Gross Expense Ratio *
    0.96%
    Net Expense Ratio *
    0.76%
    Options
    Expected
    AUM
    $142.7M
    * Expenses for the fund are capped contractually at 0.76% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of May 31, 2010
    INCEPTION DATE
    11/24/2008
    CURRENCY
    USD
    PRICE/EARNING RATIO
    16.43
    PRICE/BOOK RATIO
    2.36
    MARKET CAP
    $112.9 B
    52 WEEK HIGH/LOW
    1185.88 / 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
    Vietnam ETFVNM $24.81
    $24.88         		35,364
    $0.02 + 0.1%

    $-0.09 - 0.4%
    		- 1.3%
    - 2.4%
    		$0.07
    0.28%     		Chart Export 0.96/0.76

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of May 31, 2010
    		LIFE*1MO3MOYTD1YR5 YR†
    INDEX
    MVVNMTR
    		1.22-5.28-0.24-1.61n.a.n.a.
    FUND/NAV-1.06-5.72-0.60-1.51n.a.n.a.
    FUND/Share Price-2.82-8.68-3.23-4.67n.a.n.a.
    As of March 31, 2010
    		LIFE*1MO3MOYTD1YR5 YR†
    INDEX
    MVVNMTR
    		1.540.08-1.30-1.30n.a.n.a.
    FUND/NAV-0.220.24-0.68-0.68n.a.n.a.
    FUND/Share Price0.980.20-1.29-1.29n.a.n.a.
    *Commencement date: 08/11/2009
    †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
    MVVNMTR
    		1.22%-5.28%-0.24%n.a.-1.61%n.a.n.a.
    As of March 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR5 YR†
    INDEX
    MVVNMTR
    		1.54%0.08%-1.30%n.a.-1.30%n.a.n.a.
    *Commencement date: 11/24/2008
    †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 July 29, 2010 |TOTAL CONSTITUENTS: 36
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Baoviet Holdings BVH VN4,656,86011,312,156
    7.86%
    HAGL JSC HAG VN2,652,09511,214,781
    7.79%
    Petrovietnam Fertilizer & Chemical JSC DPM VN4,639,4807,386,196
    5.13%
    CapitaLand Ltd CAPL SP2,518,0007,171,488
    4.98%
    Viet Nam Construction and Import-Export JSC VCG VN3,288,9006,864,971
    4.77%
    Oil & Natural Gas Corp Ltd ONGC IN249,7536,669,161
    4.64%
    Premier Oil PLC PMO LN273,8366,399,759
    4.45%
    Kinh Bac City Development Share Holding Corp KBC VN3,432,7506,375,634
    4.43%
    Talisman Energy Inc TLM CN371,5176,344,420
    4.41%
    Bank for Foreign Trade of Vietnam JSC VCB VN3,133,0596,066,399
    4.22%
    As of July 29, 2010 |TOTAL CONSTITUENTS: 32
    Holding
    % of net assets
    BAOVIET HOLDINGS VN000000BVH3
    7.88%
    HAGL JSC VN000000HAG6
    7.77%
    PETROVIETNAM FERT & CHEMICAL VN000000DPM1
    5.06%
    CAPITALAND LTD SG1J27887962
    4.93%
    VIET NAM CONSTRUCTION & IMPO VN000000VCG3
    4.75%
    OIL & NATURAL GAS CORP LTD INE213A01011
    4.66%
    PREMIER OIL PLC GB0033560011
    4.46%
    KINH BAC CITY DEVELOPMENT SH VN000000KBC7
    4.43%
    TALISMAN ENERGY INC CA87425E1034
    4.31%
    JSC BANK FOR FOREIGN TRADE VN000000VCB4
    4.21%

  • Key Features

    Fund | Index

     

    Nation's First ETF Focused Exclusively on Vietnam

    Among the world's most populous nations; nearly half the population is under the age of 25

    One-Trade Access to Local Market

    approximately 70% of Index market cap currently in locally-listed companies; proportion of local companies expected to increase over time*

    Convenient Way to Customize International Exposure

    complement traditional foreign exposure with investments beyond mainstream emerging markets

    Low Correlation

    local stock market has had low correlation with developed markets
    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:
    • Predominantly*, companies domiciled and primarily listed in Vietnam, or generating at least 50% of revenues from Vietnam
    • To a lesser extent*, non-Vietnamese companies that generate, or are expected to generate, at least 50% of revenues from Vietnam or that demonstrate a significant and/or dominant position in the Vietnamese market and are expected to grow
    • Market cap exceeding $150 million
    • Three-month average daily turnover greater than $1 million
    • Trade on recognized domestic or international stock exchanges

    *Currently, approximately 70% of the market capitalization of the Index; this percentage is expected to increase in the future. 

    Index provider:

    4asset-management  

  • Index Sector Breakdown

    Index

     

    As of May 31, 2010
    Financials45.1%
    Energy24.0%
    Industrials14.9%
    Materials8.1%
    Consumer Staples2.6%
    Utilities2.4%
    Information Technology1.5%
    Consumer Discretionary1.4%

  • Index Market Capitalization

     

    As of May 31, 2010
    LARGE (>5.0B)13.9%
    MEDIUM (1.0 - 5.0B)36.6%
    SMALL (<1.0B)50.0%
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    Important Disclosure

    The Fund is subject to elevated risks, including those associated with investments in derivatives and foreign securities, in particular Vietnamese issuers, which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations on foreign ownership, political instability, armed conflict and social instability. 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. Please refer to the prospectus for complete risk information.

    Market Vectors Vietnam 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 Vietnam 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