GEX - Market Vectors Global Alternative Energy ETF

Ticker:- GEX;false;AGIXL;
Ticker Group:- ETFEQ_HA;false;;
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Global Alternative Energy ETF GEX

Full Name: Market Vectors^®
Global Alternative Energy ETF (GEX^®)
Management Style: Replication
Underlying Index: Ardour Global Index^SM Extra Liquid (AGIXLT)
Index Description: AGIXLT is a rules-based, global capitalization-weighted, float adjusted index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the alternative energy industry.
Fund Ticker
GEX

Exchange
NYSE Arca

Index Total Return Ticker
AGIXLT

Index Provider
S-Network

Total Net Assets
$67.2M

Shares Outstanding
4,400,000

Number of Holdings
31

Commencement Date
05/03/2007
as of 05/23/13

30-Day SEC Yield¹
0.09%

Distribution Frequency
Annually

Gross Expense Ratio²
0.81%

Net Expense Ratio²
0.62%

Options
Available

Management Team »

Foreign Investor Information »

GEX Fact Sheet

Portfolio Composition (%) as of 05/22/13

% of Net Assets

Stocks
100.34

Bonds
0.00

Other
0.00

Cash
-0.34

Total
100.00

Download All Holdings All Holdings (%) as of 05/22/13

Total Holdings: 31

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	Cree Inc	CREE US	105,766	6,389,324	9.55
	Eaton Corp	ETN US	90,128	6,243,560	9.33
	TESLA MOTORS INC	TSLA US	70,033	6,109,679	9.13
	First Solar Inc	FSLR US	67,462	3,535,009	5.28
	Cosan Ltd	CZZ US	167,162	3,473,626	5.19
	Enel Green Power SpA	EGPW IM	1,612,781	3,466,058	5.18
	China Longyuan Power Group Corp	916 HK	3,135,000	3,107,417	4.64
	Vestas Wind Systems A/S	VWS DC	228,095	2,854,363	4.27
	Kurita Water Industries Ltd	6370 JP	120,104	2,660,898	3.98
	Covanta Holding Corp	CVA US	128,326	2,607,584	3.90
	EnerSys	ENS US	52,556	2,545,287	3.80
	GCL-Poly Energy Holdings Ltd	3800 HK	9,792,000	2,331,838	3.49
	Polypore International Inc	PPO US	51,923	2,155,324	3.22
	Itron Inc	ITRI US	41,310	1,750,718	2.62
	Energy Development Corp	EDC PM	11,248,900	1,747,217	2.61
	Veeco Instruments Inc	VECO US	43,344	1,722,924	2.58
	International Rectifier Corp	IRF US	76,653	1,683,300	2.52
	Solarcity Corp	SCTY US	36,017	1,595,553	2.38
	MEMC Electronic Materials Inc	WFR US	236,260	1,538,053	2.30
	Westport Innovations Inc	WPT CN	50,399	1,478,494	2.21
	EDP Renovaveis SA	EDPR PL	249,663	1,363,817	2.04
	Power Integrations Inc	POWI US	31,139	1,360,463	2.03
	Clean Energy Fuels Corp	CLNE US	70,664	941,244	1.41
	Gamesa Corp Tecnologica SA	GAM SM	217,793	867,176	1.30
	SunPower Corp	SPWR US	44,484	853,648	1.28
	Verbund AG	VER AV	36,216	745,896	1.11
	Dongfang Electric Corp Ltd	1072 HK	379,384	648,197	0.97
	AVX Corp	AVX US	52,458	628,971	0.94
	Xinjiang Goldwind Science & Technology	2208 HK	512,200	379,189	0.57
	SMA Solar Technology AG	S92 GR	11,325	351,595	0.53
	Other/Cash			-229,234	-0.34
Total (%)					100.02

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.

²GEX 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 0.62% 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.

The Fund is subject to various risks including those associated with making investments in alternative energy companies including obsolescence of technology, short product cycles, commodity price volatility, depletion of resources, technical developments and risks associated with companies with a limited operating history.

"Ardour Global Indexes, LLC^SM", "ARDOUR GLOBAL INDEX^SM" (Composite), "ARDOUR COMPOSITE^SM", "ARDOUR GLOBAL INDEX^SM (Extra Liquid)", "ARDOUR - XL^SM", "ARDOUR GLOBAL ALTERNATIVE ENERGY INDEXES^SM", "ARDOUR FAMILY^SM", are service marks of Ardour Global Indexes^SM, LLC and have been licensed for use by Van Eck Associates Corporation. Market Vectors Global Alternative Energy ETF is not sponsored, endorsed, sold or promoted by Ardour Global Indexes^SM, LLC and Ardour Global Indexes^SM, LLC makes no representation regarding the advisability of investing in the product(s).

The Ardour Global Alternative Energy Index^SM (Extra Liquid) ("AGIXLT") is calculated by Dow Jones Indexes. Van Eck's Market Vectors Global Alternative Energy ETF, based on the AGIXLT, is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s).

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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Global Alternative Energy ETF GEX

as of 05/23/13

Portfolio Composition (%) as of 05/22/13

Download All Holdings All Holdings (%) as of 05/22/13

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