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Natural Resources ETF HAP

  • Full Name: Market Vectors®
    Natural Resources ETF (HAP®)

    Management Style: Replication

    Underlying Index: RogersTM-Van Eck Natural Resources Index (RVEIT)

    Index Provider: S-Network Global Indexes, LLC

    Index Description: RVEIT is a rules-based index which gives investors a means of tracking the performance of a global universe of listed companies engaged in the production and distribution of commodities and commodity-related products and services.

  •  
      

    • Fund Ticker

      HAP
    • Exchange

      NYSE Arca
    • Commencement

      08/29/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      RVEIT
    • Index Rebalancing

      Quarterly
  •  
    as of 11/21/14

    • 30-Day SEC Yield1

      2.31%
    • Total Net Assets

      $94.6M
    • Number of Holdings

      339
    • Options

      Expected
    • Gross Expense Ratio2

      0.74%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • About Securities Lending


    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".

  • Additional Resources

  • All Collateral HoldingsTop 10 Collateral Holdingsas of 10/31/14

    Security
    ISIN
    SEDOL
    Country
    Investment Type
    Weight %
    Nomura Securities Int. Inc., 0.11%, 11/03/2014
    --
    --
    United States
    Repurchase Agreement
    51.56
    Daiwa Capital Markets America, 0.15%, 11/03/2014
    --
    --
    United States
    Repurchase Agreement
    48.44
  • Securities Lending Summary
    as of 10/31/14

    Data Point %
    Securities Lending Return (% of AUM, YTD) 0.05
    Average On-Loan (% of AUM, YTD) 2.59
    Maximum On-Loan (% of AUM, YTD) 33.00
    Collateralization (% of Loan, YTD) 106.43
  • Loan/Collateral Combinations and Collateral Levels

    Loan Type Collateral Level
    Equities and Fixed Income  
    Domestic  102%
    Foreign  105%