Basic Fund Data
Fund Provider:	Van Eck Associates
Asset Class:	Equity
Fund Category:	Frontier Markets
Ticker:	AFK
Expense Ratio:	0.88%
Fund Category Expense Ratio Average:	0.84%
Options:	No
Fund Inception Date:	07-14-2008
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	Dow Jones Africa Titans 50 Index
Index Provider:	Dow Jones & Co.
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Passive
Security Selection Method:	Geographic Region
Security Selection Frequency:	Annually
Index Weighting Category:	Capitalization
Index Weighting Method:	Modified
Index Weighting Frequency:	Quarterly

Market Price Return
1-Year:	24.39%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	30.18
2008:
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$35.2
P/E Ratio:	10.21
P/B Ratio:	1.71
Median Market Cap:	$5566.27
12-month yield:	0.7%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	-0.42
Beta:	1.23
Standard Deviation:	12.99
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The Market Vectors Africa Index ETF (Ticker: AFK) seeks investment results that correspond generally to the performance, before fees and expenses, of the Dow Jones Africa Titans 50 Index. The index is a pan-African index that measures the stock performance of 50 companies that are headquartered in or generate the majority of their revenues in Africa and is weighted by float-adjusted market capitalization. Each country’s weight is capped at 25% and weights of individual components are capped at 8% with a maximum of 15 companies for a country to be included in the index, companies must have a minimum market capitalization of $200 million and a minimum three-month average daily trading volume of $1 million. The index is calculated in US dollars and reviewed annually in June with quarterly rebalancing.