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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.

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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 08/30/16

    • 30-Day SEC Yield1

      3.30%
    • Total Net Assets

      $7.1M
    • 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
  • Fundamentals
    as of 07/31/16

    • Weighted Average Market Cap

      $12.4B
    • Price/Earnings Ratio
      (Last 12 Months)*

      10.86
    • Price/Book Ratio
      (Last 12 Months)*

      1.49
    *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 07/31/16

    • Capitalization

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

      61.8%
    • Mid ($1.0 - $5.0B)

      37.3%
    • Small (<$1.0B)

      1.1%
    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 07/31/16

    • Beta vs. S&P 500 Index

      0.43
    • Correlation vs. S&P 500 Index

      0.24
    • Volatility (Standard Deviation)

      19.65
    • Sharpe Ratio

      -0.01

    Source: VanEck, 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 07/31/16

    • Country

      % of Net Assets
    • UAE

      35.92
    • QATAR

      31.66
    • Kuwait

      18.77
    • OMAN

      4.44
    • UNITED KINGDOM

      4.17
    • SOUTH KOREA

      3.18
    • UNITED STATES

      2.02
    • Other/Cash

      -0.17
  • Portfolio Composition (%)
    as of 08/30/16

    • % of Net Assets
    • Stocks

      100.09
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.09
  • Sector Weightings (%) as of 07/31/16

    • Sector

      % of Net Assets
    • Financials

      57.0
    • Telecommunication Services

      17.4
    • Industrials

      13.2
    • Energy

      8.5
    • Materials

      1.5
    • Utilities

      1.4
    • Consumer Discretionary

      1.1
    • Other/Cash

      -0.2
  • Currency Exposure (%)
    as of 07/31/16

    • UAE Dirham

      33.56
    • Qatari Riyal

      31.49
    • Kuwaiti Dinar

      18.77
    • Omani Rial

      5.41
    • U.S. Dollar

      4.38
    • British Pound

      3.37
    • South Korean Won

      3.18
    • Other/Cash

      -0.17