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4Q 2009 Vietnam ETF (VNM)

Fund Description
Fund Details
The Vietnam ETF seeks to replicate as closely as possible, before fees and
expenses, the price and yield performance of the Market Vectors Vietnam Index. f un d Ticker VNM

The Index provides exposure to publicly traded companies that, predominantly1, in traday Nav (iiv ) VNM.IV
are domiciled and primarily listed in Vietnam and which generate at least In dex Ticker MVVNMTR
50% of their revenues from Vietnam. The Index also includes non-Vietnam-
ese companies that generate, or are expected to generate, at least 50% of their Net Assets $79.1M

revenues from Vietnam, or that demonstrate a significant and/or dominant Option s Expected
position in the Vietnamese market and are expected to grow. As such, the Fund
Gross Expen se Rat i o 1.42%
is subject to the risks of investing in this country.
NET Expen se Rati o 3 0.99%
Currently, approximately 70% of the market capitalization of the Index is composed of securities of companies domiciled
1

and primarily listed on an exchange in Vietnam and which generate at least 50% of revenues from Vietnam; this percentage
Exchange NYSE Arca
is expected to increase in the future.

C omm encemen t dat e 08/11/09

Average Annual Total Returns (%) Expenses are capped contractually through 5/01/10.
3

L IFE 2 1 M O 3 M O Y TD 1Yr 3YR 3 5YR 3 Index returns assume the reinvestment


A s o f de c e mbe r 31, 2 0 0 9
of all income and do not reflect any man-
I n de x ( M VVN M TR ) 2.88% 1.94% -10.28% n.a n.a. n.a. n.a.
agement fees or brokerage expenses as-
sociated with Fund returns. Returns for
NAV 0.46% 0.46% -11.83% n.a. n.a. n.a. n.a. actual Fund investors may differ from
The Fund
S h a r e Pr i ce 1.94% 0.69% -11.22% n.a. n.a. n.a. n.a.
what is shown because of differences in
timing, the amount invested and fees and
2
Commencement Date: August 11, 2009 3
Annualized expenses. You cannot invest directly in
an Index.

Calendar Year Returns (%) The MSCI Emerging Markets Index is a


free float-adjusted market cap weighted
2004 2005 2006 2007 2008 5YRS 4 index designed to measure the equity
A s o f de c e mbe r 31, 2 0 0 9
market performance of emerging mar-
I nde x ( M VVN M TR ) n.a. n.a. n.a. n.a. n.a. n.a.
kets. The MSCI BRIC Index is a free float-
adjusted market cap weighted index
MSCI Emerging Markets Index 25.95% 34.54% 32.59% 39.78% -53.18% 17.67% designed to measure the equity market
performance of Brazil, Russia, India and
MSCI BRIC Index 13.63% 39.81% 52.87% 56.12% -60.27% 20.66% China. The S&P 500® Index consists of
500 leading companies in leading indus-
S&P 500 Index 10.87% 4.91% 15.78% 5.49% -36.99% 1.01% tries of the U.S. economy. The Indexes are
4
Annualized
calculated with dividends reinvested.

The performance data quoted represents past performance. Past performance is not a guarantee of
future results. Performance information for the Fund reflect temporary waivers of expenses and/or
fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment
return and value of the shares of the Fund will fluctuate so that an investor’s shares, when sold, may
be worth more or less than their original cost. Performance may be lower or higher than performance
data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the
most recent month-end is available by calling 1.888.MKT.VCTR or by visiting vaneck.com/vnm.

fund ticker VNM 1.888.mkt.vctr vaneck.com/VNM


Index Domicile Breakdown Index Constituents (w ei g ht in % )

Vietnam ETF (VNM)


V IETNA M 68.5%
bao viet holdings bvh vm 9.24%
UNITED KING DO M 8.4%
vietnam c on struction & imp ort export vcg vn 6.07%
SINGA P ORE 7.1%
Kin hbac cit y developm en t c orp. kbc vn 5.98%
INDIA 4.4%
jsc ban k for foreign trade of vietnam vcb vn 5.66%
SOUTH KOREA 3.8%
HAGL JSC hag vn 5.46%
M A L AYSIA 3.7%
petrovietnam Fertilizer & chemical dpm vn 5.37%
CANADA 2.1%
v i et na m j s c o mmerci a l ba n k fo r i n d u st ry & t r a d e c tg vm 4.87%
THAI L AND 2.0%
talisman en ergy, inc tlm cn 4.81%

Index Sector Breakdown oil & natural gas c orp. ltd. ongc in 4.39%

Pet roviet nam dr illing and well services pv d vn 4.39%


F i na nci a l s 44.2%
capital an d ltd. capl sp 4.33%
en e rgy 25.1%
gs engineer ing & c onst ru ct ion c or p. 0 0 6 3 6 0 ks 3.80%
In d ust r i a l s 17.2%
d e v e lopme nt inv e st m e nt c onst ruc t ion JS c omp d ig v n 3.77%
M at e r i a l s 6.2%
Petrovietnam f inance pvf vn 3.44%
Uti li ti e s 2.7%
petroleum techn ical services c orp. pvs vn 2.87%
I nfo rmati o n te c h nology 1.7%
Hoa phat group jsc hpg vn 2.76%
consumer discretionary 1.5%
pha l ai thermal power pp c vn 2.70%
c o nsu me r sta pl e s 1.4%
pETROV IETNAM CONSTRUCTION JS CORP. PV X vn 2.58%

Index Market Capitalization premier oil plc pm o l n 2.57%

kepp el l an d ltd. kpld sp 2.16%


L a rg e ( > 5 . 0 B ) 13.5%
Tan tao in dustrial Park ita vn 2.05%
M e diu m ( 1.0 - 5 . 0 B) 40.5%
saigon -hanoi c omm ercial shb vn 1.70%
Sm a ll ( < 1. 0 B ) 46.0%
f pt c orp. f pt vn 1.53%

Index Data gamuda bhd gam mk 1.47%

charoen pokphan d foods cpf tb 1.44%


No . o f S e c u r it ie s 31

C u r r e nc y usd subtotal – TOP 25 95.40%


Remain ing c on stituen ts 4.60%
P r ic e / E a r n ing s Rat i o 23.44

P r ic e / Bo o k R at i o 2.72 TOTAL 100.00%


div ide nd y ie l d 2.41
These are not recommendations to buy or sell any security.
M a r ke t Ca p 123.5B

5 2 W e e k H ig h / Low N.A.

Fund shares are not individually redeemable and will be An investor should consider the investment objective, risks, charges and expenses of the Fund
issued and redeemed at their NAV only through certain au- carefully before investing. To obtain a prospectus, which contains this and other information,
thorized broker-dealers in large, specified blocks of shares call 1.888.MKT.VCTR or visit vaneck.com/vnm. Please read the prospectus carefully before
called “creation units” and otherwise can be bought and sold investing.
only through exchange trading. Creation units are issued
and redeemed principally in kind. Shares may trade at a The Fund is not sponsored, endorsed, sold or promoted by 4asset-management GmbH and 4asset-
premium or discount to their NAV in the secondary market. management GmbH makes no representation regarding the advisability of investing in the Fund.
The Fund is subject to elevated risks, including those as- Market Vectors Vietnam Index (the “Index”) is the exclusive property of 4asset-management
sociated with investments in derivatives and foreign se- GmbH, which has contracted with Standard & Poor’s, a division of The McGraw-Hill Companies,
curities, in particular Vietnamese issuers, which include, Inc. (“S&P”) to maintain and calculate the Index. Standard & Poor’s® and S&P® are registered
among others, expropriation, confiscatory taxation, issues trademarks of The McGraw-Hill Companies, Inc. “Calculated by S&P Custom Indices” and its
with repatriation of investment income, limitations on related stylized mark(s) are service marks of The McGraw-Hill Companies, Inc. and have been
foreign ownership, political instability, armed conflict and licensed for use by 4asset-management GmbH. S&P shall have no liability for any errors or omis-
social instability. Investors should be willing to accept a sions in calculating the Index.
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.

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE MONEY

Van Eck Securities Corporation, Distributor

fund ticker VNM 1.888.mkt.vctr vaneck.com/VNM