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Gulf States Index ETF MES

  • Full Name: Market Vectors®
    Gulf States Index ETF (MES)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP GCC Index (MVMESTR)

    Index Provider: Market Vectors Index Solutions

    Index Description: MVMESTR tracks the performance of the largest and most liquid companies in the Gulf Cooperation Council (GCC) region which includes the following countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The weighting of a country in the index is determined by the size of its gross domestic product.
     

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    • Fund Ticker

      MES
    • Exchange

      NYSE Arca
    • Commencement

      07/22/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVMESTR
    • Index Rebalancing

      Quarterly
  •  
    as of 07/25/14

    • 30-Day SEC Yield1

      2.19%
    • Total Net Assets

      $29.3M
    • Number of Holdings

      57
    • Options

      Expected
    • Gross Expense Ratio2

      2.59%
    • Net Expense Ratio/TER2

      0.98%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • Index Key Points

    Underlying Index: Market Vectors® GDP GCC Index (MVMESTR)

    The Index comprises: 

    A diversified group of 53 companies; market participant gains direct or indirect exposure to the investable GCC

    Companies eligible for inclusion in Index: 

    • Headquartered, generating majority of revenues, or holding a majority of assets, in countries belonging to the GCC
    • Market cap exceeding $150 million
    • Three-month average daily turnover greater than $1 million
    • Traded on recognized domestic or international stock exchanges

    Index provider: 

     Market Vectors Index Solutions 

  • Index Profile

    • Ticker

      MVMESTR
    • Inception Date

      05/15/2012
    • Rebalance Frequency

      Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)as of 06/30/14

    Total Constituents: 54
    Constituent Name
    Ticker
    Weightings (%)
    Emaar Properties Pjsc
    EMAAR UH
    7.90
    National Bank Of Kuwait
    NBK KK
    6.41
    Bankmuscat Saog
    BKMB OM
    5.01
    Kuwait Finance House
    KFIN KK
    4.65
    Mobile Telecommunications Co
    ZAIN KK
    4.45
    National Bank Of Abu Dhabi
    NBAD UH
    4.36
    Masraf Al Rayan
    MARK QD
    4.36
    First Gulf Bank
    FGB UH
    4.07
    Abu Dhabi Commercial Bank
    ADCB UH
    3.75
    Oman Telecommunications Co
    OTEL OM
    3.59
    Top 10 Total (%)48.55
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 06/30/14

    • Country

      Weightings (%)
    • UAE

      34.1
    • QATAR

      25.1
    • KUWAIT

      23.0
    • OMAN

      10.7
    • SOUTH KOREA

      3.0
    • U.S.

      2.5
    • Kuwait

      1.6
  • Index Sector Weightings (%)
    as of 06/30/14

    • Sector

      Weightings (%)
    • Financials

      62.9
    • Industrials

      15.2
    • Telecommunication Services

      13.3
    • Energy

      6.4
    • Utilities

      1.2
    • Materials

      0.8