Van Eck Global To Begin Trading The Market Vectors Morningstar Wide Moat Research ETF Wednesday, April 25, 2012

Van Eck Global has announced that they will begin trading The Market Vectors Morningstar Wide Moat Research ETF (NYSEArca:MOAT) Wednesday, April 25, 2012. Market Vectors Morningstar Wide Moat Research ETF (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.

Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement: 0.49%

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 issued by companies that Morningstar, Inc. (“Morningstar” or the “Index Provider”) determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (“wide moat companies”). Wide moat companies are selected from the universe of companies represented in the Morningstar® US Market IndexSM, a broad market index representing 97% of U.S. market capitalization. The Index focuses on a select group of wide moat companies: those that according to Morningstar’s equity research team are the most attractively priced at any given time. Out of the companies in the Morningstar US Market Index that the Index Provider determines are wide moat companies, the Index Provider selects the top 20 companies to be included in the Index as determined by the ratio of the Index Provider’s estimate of fair value of the issuer’s common stock to the price. The Index Provider’s fair value estimates are calculated using a standardized, proprietary valuation model. As of March 31, 2012, the Index included 20 securities of companies with a market capitalization range of between approximately $1.7 billion and $208.9 billion and an average market capitalization of $65.6 billion. These amounts are subject to change. 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.

The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. The sector allocation of the Index will change over time. As of the date of this Prospectus, the Index is concentrated in the financial services sector and each of the basic materials, health care, industrials and information technology sectors represents a significant portion of the Index.

For the complete prospectus click: HERE

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