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MES VanEck Vectors Gulf States Index ETF

  • Fund Description

    VanEck Vectors Gulf States Index ETF (MES®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS GDP GCC Index (MVMESTR), which includes local listings of companies that are incorporated in the Gulf Cooperation Council (GCC) and offshore listings of companies incorporated outside of the GCC that generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in the GCC.

  •  
      

    • 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 07/26/16

    • 30-Day SEC Yield1

      3.44%
    • Total Net Assets

      $6.9M
    • Number of Holdings

      55
    • Options

      Expected
    • Gross Expense Ratio2

      2.77%
    • Net Expense Ratio/TER2

      1.00%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Index Key Points

    Underlying Index: VanEck Vectors GDP GCC Index (MVMESTR)

    The Index comprises:

    A diversified group of 53 companies; market participant gains direct or indirect exposure to the investable GCC

    Companies eligible for inclusion in Index:

    • Headquartered, generating majority of revenues, or holding a majority of assets, in countries belonging to the GCC
    • Market cap exceeding $150 million
    • Three-month average daily turnover greater than $1 million
    • Traded on recognized domestic or international stock exchanges

    Index provider:

     MV Index Solutions 

  • Index Profile

    • Ticker

      MVMESTR
    • Inception Date

      12/31/2005
    • Rebalance Frequency

      Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)  as of 06/30/16

    Total Constituents: 54
    Constituent Name
    Ticker
    Weightings (%)
    Emirates Telecom Group Co
    ETISALAT UH
    7.88
    Qatar National Bank
    QNBK QD
    6.92
    National Bank Of Kuwait
    NBK KK
    5.72
    Emaar Properties Pjsc
    EMAAR UH
    5.12
    Kuwait Finance House
    KFIN KK
    4.03
    Petrofac Ltd
    PFC LN
    3.61
    Industries Qatar
    IQCD QD
    3.49
    First Gulf Bank
    FGB UH
    3.23
    Samsung Engineering Co Ltd
    028050 KS
    3.13
    Masraf Al Rayan
    MARK QD
    2.95
    Top 10 Total (%)46.08
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 06/30/16

    • Country

      Weightings (%)
    • UAE

      35.3
    • QATAR

      30.7
    • KUWAIT

      16.8
    • OMAN

      5.6
    • UNITED KINGDOM

      3.6
    • SOUTH KOREA

      3.1
    • Kuwait

      2.8
    • UNITED STATES

      2.0
    • OTHERS

      0.0
  • Index Sector Weightings (%) as of 06/30/16

    • Sector

      Weightings (%)
    • Financials

      56.5
    • Telecommunication Services

      17.6
    • Industrials

      13.2
    • Energy

      8.8
    • Materials

      1.6
    • Utilities

      1.3
    • Consumer Discretionary

      1.0
    • OTHERS

      0.0