• Ticker:- MES;false;DJMES;
  • Ticker Group:- ETFEQ_INTL;false;;
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Gulf States Index ETF MES

  • Full Name: Market Vectors®
    Gulf States Index ETF (MES)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP GCC Index (MVMESTR)

    Index Provider: Market Vectors Index Solutions

    Index Description: MVMESTR tracks the performance of the largest and most liquid companies in the Gulf Cooperation Council (GCC) region which includes the following countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The weighting of a country in the index is determined by the size of its gross domestic product.
     

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    • Fund Ticker

      MES
    • Exchange

      NYSE Arca
    • Commencement

      07/22/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVMESTR
    • Index Rebalancing

      Quarterly
  •  
    as of 12/17/14

    • 30-Day SEC Yield1

      2.79%
    • Total Net Assets

      $17.6M
    • Number of Holdings

      61
    • Options

      Expected
    • Gross Expense Ratio2

      2.59%
    • Net Expense Ratio/TER2

      0.98%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • Fundamentals
    as of 11/30/14

    • Weighted Average Market Cap

      $11.5B
    • Price/Earnings Ratio
      (LTM: Last 12 Months)*

      14.98
    • Price/Book Ratio
      (LTM: Last 12 Months)*

      1.69
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 11/30/14

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      63.9%
    • Mid ($1.0 - $5.0B)

      30.6%
    • Small (<$1.0B)

      6.1%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 11/30/14

    • Beta vs. S&P 500 Index

      0.39
    • Correlation vs. S&P 500 Index

      0.22
    • Volatility (Standard Deviation)

      15.37
    • Sharpe Ratio

      1.10

    Source: Van Eck Global, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.

  • Country Weightings (%) as of 11/30/14

    • Country

      % of Net Assets
    • UAE

      35.9
    • QATAR

      25.7
    • Kuwait

      22.9
    • OMAN

      8.7
    • BAHRAIN

      2.3
    • SOUTH KOREA

      2.0
    • UNITED KINGDOM

      1.8
    • U.S.

      1.4
    • Other

      -0.7
  • Portfolio Composition (%)
    as of 12/17/14

    • % of Net Assets
    • Stocks

      99.78
    • Bonds

      0.18
    • Other

      0.00
    • Cash

      0.04
  • Sector Weightings (%) as of 11/30/14

    • Sector

      % of Net Assets
    • Financials

      65.7
    • Industrials

      14.1
    • Telecommunication Services

      11.7
    • Energy

      5.0
    • Materials

      2.9
    • Utilities

      1.1
    • Other

      -0.7
  • Currency Exposure (%)
    as of 11/30/14

    • UAE Dirham

      34.67
    • Qatari Riyal

      26.17
    • Kuwaiti Dinar

      22.88
    • Omani Rial

      10.01
    • U.S. Dollar

      4.75
    • South Korean Won

      1.98
    • British Pound

      0.22
    • Other

      -0.67