Market Vectors Morningstar Wide Moat Research ETF Reaches $100 Million in Assets, Distributes No Capital Gains

  Market Vectors Morningstar Wide Moat Research ETF Reaches $100 Million in
  Assets, Distributes No Capital Gains

Business Wire

NEW YORK -- January 7, 2013

Market Vectors Morningstar Wide Moat Research ETF  (NYSE Arca: MOAT), launched
on April 24, 2012, has surpassed $100 million in assets under management and
distributed no capital gains in 2012, it was announced today.

The Fund seeks to replicate as closely as possible, before fees and expenses,
the price and yield performance of the Morningstar® Wide Moat Focus Index^SM
(MWMFTR). Brandon Rakszawski, Product Manager for Market Vectors ETFs, noted
Morningstar’s unique approach to constructing its index as an attractive
feature to investors. “MOAT’s underlying index provides access to the
proprietary research of Morningstar’s equity analyst team and is based on
their economic moat ratings and valuation model.” He added, “The ETF structure
has proven beneficial to this valuation-driven index methodology. Despite
turnover of roughly six to seven stocks at each quarterly rebalance since its
launch in April, MOAT did not distribute capital gains in 2012.”

Morningstar’s wide-moat analysis, which the index is based on, seeks to
identify companies that possess one or more sustainable competitive advantages
and are expected to have high returns on invested capital relative to their
cost of capital. As part of this analysis, Morningstar’s equity research team
looks for sustainable competitive advantages, or wide economic moats such as
intangible assets, cost advantages, switching costs, network effects and
efficient scale. Morningstar’s proprietary valuation process then identifies
the 20 most attractively priced wide-moat companies at the time of each
quarterly rebalance.

MOAT was the fifth most successful U.S.-listed equity ETF launched in 2012 as
measured by assets under management, according to Morningstar data. The Fund
attracted over $115 million in less than nine months of operation. As of
December 31, 2012, MOAT held Berkshire Hathaway, Oracle, Bank of New York
Mellon, Intel and other well-known, high-quality companies. Additionally, from
its inception through December 31, 2012, MOAT has outperformed the S&P 500
Index by 5.13% and the Morningstar US OE Large Blend Category average^1 by
5.91%, based on its net asset value.

Performance History (%) as of December 31, 2012                 Expense Ratio
                        1 Month  3 Month  6 Month  Life   Gross   Net
MOAT      Share Price     2.08     3.55     11.45    10.90  0.57    0.49
          NAV             1.99     3.65     11.57    10.80 
MWMFTR Index              2.02     3.76     11.83    11.15  -       -
S&P 500 Index             0.91     -0.38    5.95     5.67   -       -
US OE Large Blend Cat     1.14     0.43     6.52     4.89   -       -

*Expenses are capped contractually until 5/1/2013. Cap excludes certain
expenses, such as interest.

Performance data quoted represents past performance. Past performance is not a
guarantee of future results. Performance information for the Fund reflects
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. Net asset value (NAV) per share is calculated by
subtracting total liabilities from the total assets, then dividing by the
number of shares outstanding. Share price is the last price at which shares
were traded on the Fund’s primary listing exchange. Fund shares may trade at,
above or below NAV. Performance current to the most recent month end is
available by calling 888.MKT.VCTR or by visiting

Index returns assume reinvestment of all income and do not reflect any
management fees or brokerage expenses associated with Fund returns. Returns
for actual Fund investors may differ from what is shown because of differences
in timing, the amount invested and fees and expenses. You cannot invest
directly in an Index.

About 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 currently
totals $27.9 billion in assets under management, making it the fifth largest
ETP family in the U.S. and eighth largest worldwide as of September 30, 2012.

Market Vectors ETFs are sponsored 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 $37.8 billion in investor assets as of September 30,

^1As measured by the Morningstar US OE Large Blend Category average. The
Morningstar US OE Large Blend Category contains portfolios that are fairly
representative of the overall U.S. stock market in size, growth rates, and
price. Stocks in the top 70% of the capitalization of the U.S. equity market
are defined as large-cap. The blend style is assigned to portfolios where
neither growth nor value characteristics predominate. These portfolios tend to
invest across the spectrum of U.S. industries, and owing to their broad
exposure, the portfolios' returns are often similar to those of the S&P 500
Index. The category contained 1,777 investments as of December 31, 2012.

The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to
measure performance of the broad domestic economy through changes in the
aggregate market value of 500 stocks representing all major industries.

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 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 Fund’s assets may be concentrated in a
particular sector and may be subject to more risk than investments in a
diverse group of sectors. The Fund may loan its securities, which may subject
it to additional credit and counterparty risk.

The “net asset value” (NAV) of an ETF is determined at the close of each
business day, and represents the dollar value of one share of the ETF; it is
calculated by taking the total assets of an ETF subtracting total liabilities,
and dividing by the total number of shares outstanding. The NAV is not
necessarily the same as an ETF's intraday trading value. Investors should not
expect to buy or sell shares at NAV. Total returns are based upon closing
“market price” (price) of the ETF on the dates listed.

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 contain this and other information,
call 888.MKT.VCTR or visit Please read the prospectus and
summary prospectus carefully before investing.

                 Van Eck Securities Corporation, Distributor
                    335 Madison Avenue, New York, NY 10017


MacMillan Communications
Mike MacMillan/Chris Sullivan, 212-473-4442
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