Market Vectors ETFs
Van Eck Mutual Funds
11/14/13: Lou Basenese includes RSX in his roundup. “The Market Vectors Russia Fund (RSX)…represents a no-hassle way to capitalize on multiple dirt-cheap Russian stocks with a single investment.”View article »
11/06/13: Van Eck Global is negotiating with an asset manager with headquarters in China to serve as a sub-advisor for PEK. “The sub-advisor expects to receive its Renminbi Qualified Foreign Institutional Investor (“RQFII”) quota soon which, pending approval by the Board of Trustees of Market Vectors ETF Trust, would allow PEK to have direct access to physical A-Shares and provide enhanced access to the Chinese equity markets.”View article »
10/20/13: Bob Bogda interviews Andy Obermueller, chief investment strategist for Game-Changing Stocks, on his outlook for Brazil. Obermueller says, “The best way to capitalize on the inevitable future of Brazil’s rebound and growth is the Market Vectors Brazil Small-Cap ETF (NYSE: BRF).”View article »
8/01/13: Seeking Alpha contends that there are presently favorable opportunities for investing in Brazilian small cap stocks and mentions BRF. The author writes, “I prefer small caps as represented by BRF for two main reasons: 1) sector mix and 2) a selloff over the past couple of months that has dragged small-caps down…”View article »
Subscribe to email updates
Full Name: Market Vectors®Brazil Small-Cap ETF (BRF®)
Management Style: Replication
Underlying Index: Market Vectors® Brazil Small-Cap Index (MVBRFTR)
Index Description: MVBRFTR is a rules-based, modified market capitalization-weighted, float adjusted index comprised of publicly traded small-capitalization companies that are domiciled and primarily listed in Brazil or that generate the majority of their revenues in Brazil.
Index Total Return Ticker
Total Net Assets
Number of Holdings
30-Day SEC Yield1
Gross Expense Ratio2
Net Expense Ratio2
Market Vectors Exchange Traded Funds (ETFs) may lend securities to generate additional income which may help reduce expenses. All net proceeds earned by Market Vectors ETFs in the securities lending process are allocated to the applicable ETF after subtracting fees payable to the lending agent.
Securities lending is an established practice that involves the lending of securities from a lender (“Fund”) to a third-party (“Borrower”). In return, the Borrower posts collateral — typically cash or U.S. Government securities — in an amount equal to at least 102% of the value of the borrowed securities. Over the course of the loan term, the Fund will receive any interest or dividends on the securities loaned. Moreover, the Borrower will pay a fee, as well as any interest earned on the investment of the cash collateral.
The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under "Lending Portfolio Securities".
The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under Lending Portfolio Securities.
The Top 10 Collateral Holdings table relates to securities obtained as collateral under the securities lending program. The information displayed comes from the securities lending administrator and is not necessarily all inclusive.
The Securities Lending Summary table reflects year-to-date information. Securities Lending Return is calculated using net securities lending revenues to the Fund divided by the total net assets as of month end of the Fund. Average On-Loan is the average market value of securities on loan compared to the total net assets as of month end of the Fund. Maximum On-Loan is not to exceed 33%, but the daily percentage on loan figure may increase or decrease over time. Collateralization is the amount of collateral received for the securities on loan divided by the market value of the securities on loan.
Each Fund may lend up to 33% of its investments requiring that the loan be continuously collateralized by cash, U.S. Government or U.S. Government agency securities, shares of an investment trust or mutual fund, or any combination of cash and such securities at all times equal to at least 102% (105% for foreign securities) of the market value plus accrued interest on the securities loaned.