VNM - Market Vectors® Vietnam ETF | Holdings- Van Eck Global

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Vietnam ETF VNM

Full Name: Market Vectors^®
Vietnam ETF (VNM)
Management Style: Replication
Underlying Index: Market Vectors Vietnam Index (MVVNMTR)
Index Description: MVVNMTR is a rules-based, modified market capitalization-weighted, float-adjusted index comprised of publicly traded companies that are domiciled and primarily listed in Vietnam or that generate the majority of their revenues in Vietnam.
Fund Ticker
VNM

Exchange
NYSE Arca

Index Total Return Ticker
MVVNMTR

Index Provider
Market Vectors Index Solutions

Total Net Assets
$449.6M

Shares Outstanding
21,750,000

Number of Holdings
30

Commencement Date
08/11/2009
as of 05/24/13

30-Day SEC Yield¹
1.11%

Distribution Frequency
Annually

Gross Expense Ratio²
0.76%

Net Expense Ratio²
0.76%

Options
Expected

Management Team »

Foreign Investor Information »

VNM Fact Sheet

Portfolio Composition (%) as of 05/24/13

% of Net Assets

Stocks
97.98

Bonds
0.00

Other
2.48

Cash
-0.46

Total
100.00

Download All Holdings All Holdings (%) as of 05/24/13

Total Holdings: 30

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	Pha Lai Thermal Power JSC	PPC VN	28,733,960	36,761,141	8.18
	Baoviet Holdings	BVH VN	13,530,336	33,341,615	7.42
	Bank for Foreign Trade of Vietnam JSC	VCB VN	22,690,648	30,589,834	6.80
	Petrovietnam Fertilizer & Chemical JSC	DPM VN	13,870,190	29,979,066	6.67
	Vincom JSC	VIC VN	9,686,504	29,816,703	6.63
	Gamuda Bhd	GAM MK	15,333,791	24,736,803	5.50
	Saigon Thuong Tin Commercial JSB	STB VN	27,855,051	24,056,174	5.35
	Minor International PCL	MINT-R TB	22,871,854	21,080,501	4.69
	Oil & Natural Gas Corp Ltd	ONGC IN	3,374,522	19,731,908	4.39
	Viet Nam Construction and Import-Export	VCG VN	33,244,097	19,313,237	4.30
	Premier Oil PLC	PMO LN	3,305,659	18,522,848	4.12
	Soco International PLC	SIA LN	3,064,304	18,185,264	4.05
	Charoen Pokphand Foods PCL	CPF-R TB	17,945,100	18,029,532	4.01
	HAGL JSC	HAG VN	14,559,665	14,988,057	3.33
	Ocean Group JSC	OGC VN	24,836,416	14,373,351	3.20
	Hoa Phat Group JSC	HPG VN	9,461,630	14,098,356	3.14
	PetroVietnam Drilling and Well Services	PVD VN	6,326,826	13,478,675	3.00
	PetroVietnam Technical Services Corp	PVS VN	17,930,350	12,892,775	2.87
	GEMADEPT Corp	GMD VN	7,688,096	12,489,849	2.78
	Vinacapital Vietnam Opportunity Fund Lt	VOF LN	5,258,979	11,167,821	2.48
	Tan Tao Investment Industry Corp	ITA VN	30,113,629	9,713,832	2.16
	PetroVietnam Finance JSC	PVF VN	19,568,112	8,704,382	1.94
	Petrovietnam Construction Corp	PVX VN	25,087,468	6,331,599	1.41
	Songda Urban & Industrial Zone Investme	SJS VN	7,702,540	5,208,384	1.16
	Parkson Holdings Bhd	PKS MK	3,183,416	4,038,936	0.90
	Saigon - Hanoi Commercial Joint Stock B	SHB VN	60	21	0.00
	Hoa Sen Group	HSG VN	4	10	0.00
	Development Investment Construction Cor	DIG VN	6	4	0.00
	Vietnam Joint Stock Commercial Bank for	CTG VN	2	2	0.00
	Other/Cash			-2,068,025	-0.46
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.

²VNM 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 0.76% 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 elevated risks, including those associated with investments in derivatives and foreign securities, in particular Vietnamese issuers, which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations on foreign ownership, political instability, armed conflict and social instability. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. Please refer to the prospectus for complete risk information.

Market Vectors Vietnam Index (the “Index”) is the exclusive property of 4asset-management GmbH, 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 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties.

4asset-management GmbH does not sponsor, endorse or promote Market Vectors Vietnam ETF and 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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Vietnam ETF VNM

as of 05/24/13

Portfolio Composition (%) as of 05/24/13

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