GERJ - Market Vectors Germany Small-Cap ETF

Ticker:- GERJ;false;MVGERJ;
Ticker Group:- ETFEQ_INTL;false;;
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Germany Small-Cap ETF GERJ

Full Name: Market Vectors^®
Germany Small-Cap ETF (GERJ)
Management Style: Replication
Underlying Index: Market Vectors^® Germany Small-Cap Index (MVGERJTR)
Index Description: MVGERJTR 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 Germany or that generate the majority of their revenues in Germany.
Fund Ticker
GERJ

Exchange
NYSE Arca

Index Total Return Ticker
MVGERJTR

Index Provider
Market Vectors Index Solutions

Total Net Assets
$3.8M

Shares Outstanding
150,000

Number of Holdings
84

Commencement Date
04/04/2011
as of 06/17/13

30-Day SEC Yield¹
0.28%

Distribution Frequency
Annually

Gross Expense Ratio²
3.96%

Net Expense Ratio²
0.55%

Options
Expected

Management Team »

Foreign Investor Information »

GERJ Fact Sheet

Portfolio Composition (%) as of 06/17/13

% of Net Assets

Stocks
100.16

Bonds
0.00

Other
0.00

Cash
-0.16

Total
100.00

Download All Holdings All Holdings (%) as of 06/17/13

Total Holdings: 84

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	Symrise AG	SY1 GR	5,684	233,531	6.16
	Wirecard AG	WDI GR	5,337	151,144	3.99
	Stada Arzneimittel AG	SAZ GR	3,105	139,361	3.68
	Deutsche Wohnen AG	DWNI GR	7,388	134,182	3.54
	Freenet AG	FNTN GR	5,280	119,512	3.15
	Aurubis AG	NDA GR	1,782	110,110	2.91
	Rheinmetall AG	RHM GR	2,009	103,219	2.72
	Deutsche Euroshop AG	DEQ GR	2,281	98,340	2.59
	GSW Immobilien AG	GIB GR	2,510	96,869	2.56
	Leoni AG	LEO GR	1,727	88,929	2.35
	Wincor Nixdorf AG	WIN GR	1,574	88,882	2.35
	Gerresheimer AG	GXI GR	1,461	87,299	2.30
	TUI AG	TUI1 GR	7,070	85,146	2.25
	Duerr AG	DUE GR	1,262	82,480	2.18
	Aixtron SE NA	AIXG US	4,797	79,822	2.11
	TAG Immobilien AG	TEG GR	6,703	74,672	1.97
	NORMA Group	NOEJ GR	1,634	61,083	1.61
	Algeta ASA	ALGETA NO	1,529	59,862	1.58
	BayWa AG	BYW6 GR	1,158	59,597	1.57
	Kloeckner & Co SE	KCO GR	4,851	58,396	1.54
	Gildemeister AG	GIL GR	2,544	58,015	1.53
	ElringKlinger AG	ZIL2 GR	1,607	57,098	1.51
	Rational AG	RAA GR	168	56,364	1.49
	Aareal Bank AG	ARL GR	2,246	56,168	1.48
	SGL Carbon SE	SGL GR	1,493	55,221	1.46
	Morphosys AG	MOR GR	1,062	54,554	1.44
	Gerry Weber International AG	GWI1 GR	1,237	53,661	1.42
	Dialog Semiconductor PLC	DLG GR	3,454	52,835	1.39
	KUKA AG	KU2 GR	1,147	51,219	1.35
	Carl Zeiss Meditec AG	AFX GR	1,504	51,110	1.35
	CTS Eventim AG	EVD GR	1,192	51,018	1.35
	Krones AG	KRN GR	701	50,852	1.34
	Pfeiffer Vacuum Technology AG	PFV GR	475	50,791	1.34
	Sartorius AG	SRT3 GR	450	49,252	1.30
	Draegerwerk AG & Co KGaA	DRW3 GR	336	44,880	1.18
	Hansteen Holdings PLC	HSTN LN	33,091	44,747	1.18
	CA Immobilien Anlagen AG	CAI AV	3,343	42,955	1.13
	GAGFAH SA	GFJ GR	3,165	42,263	1.12
	Alstria Office REIT-AG	AOX GR	3,505	40,860	1.08
	Jungheinrich AG	JUN3 GR	846	40,419	1.07
	Dundee International Real Estate Invest	DI-U CN	3,846	39,746	1.05
	Rofin-Sinar Technologies Inc	RSTI US	1,472	39,273	1.04
	GFK SE	GFK GR	752	38,212	1.01
	Drillisch AG	DRI GR	2,109	35,424	0.93
	Heidelberger Druckmaschinen AG	HDD GR	12,381	35,161	0.93
	Bechtle AG	BC8 GR	688	33,854	0.89
	Conwert Immobilien Invest SE	CWI AV	2,933	31,974	0.84
	Indus Holding AG	INH GR	881	30,977	0.82
	Jenoptik AG	JEN GR	2,178	29,392	0.78
	Hamburger Hafen und Logistik AG	HHFA GR	1,185	27,742	0.73
	Bertrandt AG	BDT GR	225	25,544	0.67
	SAF-Holland SA	SFQ GR	2,398	23,661	0.62
	Vossloh AG	VOS GR	218	21,904	0.58
	Nordex SE	NDX1 GR	2,876	21,072	0.56
	Grammer AG	GMM GR	592	19,806	0.52
	Beter Bed Holding NV	BBED NA	945	17,951	0.47
	SMA Solar Technology AG	S92 GR	532	17,651	0.47
	QSC AG	QSC GR	4,840	17,410	0.46
	Wacker Neuson SE	WAC GR	1,186	16,668	0.44
	Balda AG	BAF GR	3,050	16,377	0.43
	Canadian Solar Inc	CSIQ US	1,588	16,071	0.42
	DIC Asset AG	DAZ GR	1,353	14,511	0.38
	Delticom AG	DEX GR	282	14,505	0.38
	Comdirect Bank AG	COM GR	1,418	14,256	0.38
	Sixt AG	SIX2 GR	593	14,025	0.37
	Evotec AG	EVT GR	3,760	13,897	0.37
	CENTROTEC Sustainable AG	CEV GR	759	13,683	0.36
	Bauer AG	B5A GR	471	12,957	0.34
	Yingli Green Energy Holding Co Ltd	YGE US	3,831	12,451	0.33
	Deutsche Beteiligungs AG	DBA GR	484	12,376	0.33
	Suss Microtec AG	SMHN GR	1,000	10,858	0.29
	ADVA AG Optical Networking	ADV GR	2,022	10,749	0.28
	Stroer Out-of-Home Media AG	SAX GR	957	10,260	0.27
	Kontron AG	KBC GR	1,972	10,097	0.27
	Tipp24 SE	TIM GR	165	9,819	0.26
	Deutz AG	DEZ GR	1,469	9,805	0.26
	VTG AG	VT9 GR	509	9,290	0.25
	CropEnergies AG	CE2 GR	988	7,886	0.21
	H&R WASAG AG	2HR GR	634	7,708	0.20
	Praktiker Bau- und Heimwerkermaerkte Ho	PRA GR	4,882	5,808	0.15
	Solarworld AG	SWV GR	4,193	4,539	0.12
	IVG Immobilien AG	IVG GR	7,691	2,883	0.08
	Asian Bamboo AG	5AB GR	473	1,300	0.03
	Other/Cash			-6,107	-0.16
Total (%)					100.03

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Important Disclosure

¹30-Day SEC Yield is calculated daily, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by summing any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

²GERJ Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.55% of the Fund’s average daily net assets per year until at least May 1, 2014. During such time,the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation.

³Morningstar Ratings: ©2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

⁴IIV is an abbreviation for An ETF's intraday indicative value; it is an estimated fair value of its holdings based on the most recent prices of its underlying securities and other assets. Intraday values are typically updated every 15 seconds and should closely approximate the net asset value (NAV) of an ETF throughout the trading day. ETF intraday values are calculated by an exchange (e.g., the NYSE Arca) and are distributed through quote services.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund is subject to risks associated with investments in derivatives and foreign securities. In particular, German investments are subject to elevated risks, which include, among others, dependence upon trade partners, volatility and/or negative changes in surrounding European countries, changes to EU regulations or interest rates, political, social and regulatory risks. In addition, companies with small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.

The Market Vectors Germany Small-Cap Index (the “Index”) is the exclusive property of Market Vectors Index Solutions GmbH (a wholly owned subsidiary of the Adviser), 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 Market Vectors Index Solutions GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties. Market Vectors Russia Small-Cap ETF (the “Fund”) is not sponsored, endorsed, sold or promoted by Market Vectors Index Solutions GmbH and Market Vectors Index Solutions GmbH 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.

The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

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 substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing.

Not FDIC Insured — No Bank Guarantee — May Lose Value

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Germany Small-Cap ETF GERJ

as of 06/17/13

Portfolio Composition (%) as of 06/17/13

Download All Holdings All Holdings (%) as of 06/17/13

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