“We are pleased that Van Eck Associates has licensed our index for an exchange-traded fund,” said Sanjay Arya, Senior Vice President of Morningstar Indexes. “We are in a unique position to be able to draw on a wide range of proprietary research from across the company and bundle that in an index structure. The Morningstar® Wide Moat Focus Index SM leverages Morningstar’s unique, long-term approach to stock analysis, and includes a collection of undervalued high-quality businesses that are expected to generate returns on capital above their cost of capital.”The Morningstar® Wide Moat Focus Index SM is a rules-based, equal-weighted Index that is reconstituted and rebalanced quarterly. To be included in the Index, a company must trade on a U.S. exchange, have a market cap of at least $100 million, and meet certain liquidity requirements. Industry sector allocations vary, but as of March 31, 2012, the top sector weightings were Information Technology, Financial Services, Health Care, Materials and Industrials. Among the 20 companies included in the Index at March 31 were Amazon.com, CME Group, Cisco Systems, Northern Trust and Google. Daily fund and index data, including a full list of constituents can be found at marketvectorsetfs.com/moat. MOAT, Market Vector’s 48 th ETF, has an annual gross expense ratio of 0.57 percent of assets and a net expense ratio of 0.49 percent, which is capped until at least May 1, 2013. The cap excludes certain expenses, such as interest. Market Vectors ETFs Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds), and currency markets. The Market Vectors family of ETFs currently totals $25.1 billion in assets under management, making it the fifth largest ETP provider in the U.S. and eighth largest worldwide as of March 31, 2012. Market Vectors ETFs are part of the Market Vectors family of exchange-traded funds, which include 15 international ETFs, 12 hard asset ETFs, seven industry ETFs, and 11 income-oriented ETFs.
Market Vectors ETFs are distributed by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and manages approximately $34.8 billion in investor assets as of March 31, 2012.About Morningstar, Inc. (NASDAQ: MORN) Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 375,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has more than $180 billion in assets under advisement and management as of Dec. 31, 2011. The company has operations in 27 countries. An investor cannot invest directly in an index. Returns reflect past performance of the Index and do not guarantee future results. Results reflect the reinvestment of dividends and capital gains, if any. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown. Fund performance information current to the most recent month end is available by calling 888.MKT.VCTR or by visiting marketvectorsetfs.com. The value of the securities held by the Fund may fluctuate due to market and economic conditions or factors relating to specific issuers. Small- and medium-capitalization companies may be more volatile than large-capitalization companies. The Fund is subject to index tracking risk and may not be able to invest in certain securities in the exact proportions in which they are represented in the Index.
The Morningstar® Wide Moat Focus Index SM was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the Market Vectors Morningstar Wide Moat Research ETF and bears no liability with respect to that ETF or any security. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® Wide Moat Focus Index SM is a service mark of Morningstar, Inc.The “Net Asset Value” (NAV) of a Market Vectors exchange-traded fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV. Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 888.MKT.VCTR or visit marketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing. Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017