Basic Fund Data
Fund Provider:	Van Eck Associates
Asset Class:	Equity
Fund Category:	International Regional
Ticker:	MES
Expense Ratio:	1.00%
Fund Category Expense Ratio Average:	0.49%
Options:	No
Fund Inception Date:	07-24-2008
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	Dow Jones GCC Titans 40
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:	Free Float
Index Weighting Frequency:	Quarterly

Market Price Return
1-Year:	-13.11%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	20.06
2008:
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$8.7
P/E Ratio:	10.63
P/B Ratio:	1.6
Median Market Cap:	$5630.62
12-month yield:	0%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	-2.2
Beta:	1.37
Standard Deviation:	12.39
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The Market Vectors-Gulf States Index ETF (Ticker: MES) seeks investment results that correspond generally to the performance, before fees and expenses, of the Dow Jones GCC Titans 40 Index. This equity index measures the performance of 40 companies that are either headquartered in countries belonging to the Gulf Cooperation Council (GCC) or generating the majority of their revenues in countries belonging to the GCC. The index offers exposure to Kuwait, United Arab Emirates, Qatar, Oman and Bahrain. The index is market cap weighted and rebalanced quarterly.