Market Vectors has filed paperwork with the SEC for a “Unconventional Oil & Gas ETF.” Market Vectors Unconventional Oil & Gas ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Unconventional Oil & Gas Index. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies primarily engaged in a variety of activities related to the exploration, development, extraction, production and/or refining of unconventional oil and natural gas. To be eligible for the Index, stocks must have a market capitalization of greater than $150 million on a rebalancing date. Constituent stocks of the Index whose market capitalizations fall below $75 million as of any rebalancing date will no longer be eligible to remain in the Index. Stocks must have a three month average daily trading volume value of at least $1 million to be eligible for the Index and issuers of such stocks must have traded at least 250,000 shares each month over the last six months. Only shares that trade on a recognized domestic or international stock exchange may qualify (e.g., stocks must be “reported securities” under Rule 11Aa3-1 under the Securities Exchange Act of 1934, as amended). Similar criteria and standards apply to stocks with foreign listings.

They did not specify a trading symbol or expense ratio in the initial filing.

Principal Investment Strategies

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Index is comprised of securities of companies primarily engaged in a variety of activities related to the exploration, development, extraction, production and/or refining of unconventional oil and natural gas. Unconventional oil and natural gas include, among others oil sands, oil shales, tight sand, coalbed methane and shale gas. Unconventional oil and natural gas may be geographically extensive or deeply embedded in underground rock formations and are difficult to extract and maintain profitably without the use of developing technologies. These developing technologies include, among others, hydraulic fracturing (process of creating or expanding cracks in underground rock formations by pumping a high pressure mixture of water, sand and/or other additives into them) and horizontal drilling (method of drilling a well to reach a reservoir that is not directly beneath the drilling site). Such companies may include small- and medium-capitalization companies. The Fund’s 80% investment policy is non-fundamental and requires 60 days’ prior written notice to shareholders before it can be changed.

The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. The Adviser expects that, over time, the correlation between the Fund’s performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation.

For the comlpete filing click: HERE

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1. Van Eck To Begin Trading The Market Vectors Unconventional Oil & Gas ETF Wednesday, February 15, 2012
2. MARKET VECTORS ETFs ADDS TO ENERGY OFFERINGS; LAUNCHES FIRST UNCONVENTIONAL OIL & GAS ETF (FRAK)
3. Van Eck Files For Market Vectors Yuan Bond ETF
4. Van Eck Debuts Unconventional Oil & Gas ETF (FRAK, ENY)
5. Market Vectors ETF Re-Branding To Take Place Tomorrow For Six ETFs

NEW FILING