7/31/2019 Market Vectors KOL Fact Sheet 05 2012

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MAY 31, 2012

Fund Description

The Coal ETFseeks to replicate as closely as possible, before fees and expenses, theprice and yield performance of the Stowe Coal Index (SM). The Index providesexposure to publicly traded companies worldwide that derive greater than 50% of theirrevenues from the coal industry. As such, the Fund is subject to the risks of investingin this sector.

Performance History (%)

AS OF MAY 31, 2012

INDEX (TCOAL)

FUND

NAV

SHARE PRICE

AS OF MARCH 31, 2012

INDEX (TCOAL)

FUND

NAV

SHARE PRICE

LIFE* 1M 3M YTD 1YR 3YR* 5YR*

-9.10% -21.23% -29.79% -23.20% -48.23% 3.21% --

-9.79% -21.21% -29.72% -23.35% -48.66% 2.32% --

-9.86% -21.39% -29.51% -23.19% -48.79% 2.03% --

LIFE* 1M 3M YTD 1YR 3YR* 5 YR*

-3.90% -9.77% -1.31% -1.31% -35.12% 34.18% --

-4.58% -9.39% -1.17% -1.17% -35.44% 33.37% --

-4.70% -9.28% -1.15% -1.15% -36.20% 33.93% --

* Annualized

The performance data quoted represents past performance. Past performance is not a guarantee of futureresults. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had theFund incurred all expenses, investment returns would have been reduced. Investment return and value ofthe shares of the Fund will fluctuate so that an investors shares, when sold, may be worth more or lessthan their original cost. Performance may be lower or higher than performance data quoted. Fund returnsreflect dividends and capital gains distributions. Net asset value (NAV) per share is calculated bysubtracting total liabilities from the total assets, then dividing by the number of shares outstanding. Shareprice is the last price at which shares were traded on the Funds primary listing exchange. Fund shares

may trade at, above or below NAV. Performance current to the most recent month end available bycalling 888.MKT.VCTR or by visiting vaneck.com/etf.

FUND TICKER KOL 888.MKT.VCTR VANECK.COM/KOL

Fund Details

FUND TICKER KOL

INTRADAY NAV (IIV) KOL.IV

INDEX TICKER TCOAL

NET ASSETS ($M) 160.31

OPTIONS Available

GROSS EXPENSE RATIO 0.59%

NET EXPENSE RATIO 0.59%

EXCHANGE NYSE Arca

COMMENCEMENT DATE 01/10/08

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

Index returns assume threinvestment of all income and do no

reflect any management fees obrokerage expenses associated withFund returns. Returns for actual Funinvestors may differ from what ishown because of differences intiming, the amount invested and feesand expenses. You cannot invesdirectly in an Index.

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7/31/2019 Market Vectors KOL Fact Sheet 05 2012

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MAY 31, 2012

Fund Data

No. of Securities 33

Currency USD

Price/Earnings Ratio 9.18

Price/Book Ratio 1.25

Dividend Yield 3.22

Avg. Weighted Market Cap ($M) 10,624.0

52 Week High/Low 50.62/24.43

Fund Domicile Breakdown

United States 40.7%

China 24.7%

Indonesia 15.8%

Australia 7.9%

South Africa 5.0%

Mongolia 2.3%

Singapore 1.7%

Philippines 1.5%

Japan 0.5%

Fund Market Capitalization

Large (>5.0 B) 55.8%

Medium (1.0 - 5.0 B) 38.2%

Small (< 1.0 B) 6.0%

Investing involves substantial risk and highvolatility, including possible loss ofprincipal. An investor should consider theinvestment objective, risks, charges andexpenses of the Fund carefully before

investing. To obtain a prospectus andsummary prospectus, which contains thisand other information, call 888.MKT.VCTRor visit vaneck.com/etf. Please read theprospectus and summary prospectuscarefully before investing.Fund shares are not individually redeemable and willbe issued and redeemed at their NAV only throughcertain authorized broker-dealers in large, specifiedblocks of shares called creation units and otherwise canbe bought and sold only through exchange trading.Creation units are issued and redeemed principally inkind. Shares may trade at a premium or discount totheir NAV in the secondary market.

Fund Holdings (weight in %)

Consol Energy Inc. CNX US 9.18%

China Shenhua Energy Co. Ltd. 1088 HK 8.66%

China Coal Energy Co. Ltd. 1898 HK 8.30%

Peabody Energy Corp. BTU US 8.07%

Joy Global Inc. JOY US 7.57%

Walter Energy, Inc. WLT US 5.12%

Exxaro Resources Ltd. EXX SJ 5.01%

Yanzhou Coal Mining Co. Ltd. 1171 HK 4.52%

Adaro Energy ADRO IJ 4.50%

Indo Tambangraya Megah ITMG IJ 3.53%

Bumi Resources BUMI IJ 3.47%

Alpha Natural Resources Inc. ANR US 3.47%

Tambang Batubara Bukit Asam PTBA IJ 3.19%

Arch Coal Inc. ACI US 2.88%

Whitehaven Coal Ltd. WHC AU 2.72%

Shougang Fushan Resources Group Ltd. 639 HK 2.46%

Cloud Peak Energy Inc. CLD US 2.34%

New Hope Corp. Ltd. NHC AU 2.29%

Mongolian Mining Corp. 975 HK 2.26%

Sakari Resources Ltd. SAR SP 1.73%

Subtotal Top 20 91.26%

Remaining Constituents 8.74%

Total 100.00%

For a complete listing of Constituents, please visit vaneck.com/KOL

These are not recommendations to buy or sell any security.

The Fund is subject to various risks including those associated with making investments incompanies engaged in the coal business such as changes in exchange rates, interest rates,government regulations, world events, depletion of resources and economic conditions, as well asmarket, economic and political risks of the countries where energy companies are located or dobusiness. Additional risks include worldwide energy price fluctuations, natural disasters,environmental damage claims and risks related to foreign investments.

The Stowe Coal Index (SM) is a trademark of Stowe Global Indexes LLC and is licensed for use byVan Eck Associates Corporation in connection with Market Vectors Coal ETF (KOL). MarketVectors Coal ETF is not sponsored, endorsed, sold or promoted by Stowe Global Indexes LLC andStowe Global Indexes LLC makes no representation regarding the advisability of investing in theproduct(s). The Stowe Coal Index (SM) is calculated and maintained by Standard & Poors CustomIndices. Van Ecks Market Vectors Coal ETF is not sponsored, endorsed, sold or promoted byStandard & Poors Custom Indices, and Standard & Poors Custom Indices makes no representationregarding the advisability of investing in such product(s).

Van Eck Securities Corporation, Distributor

NOT FDIC INSURED - NO BANK GUARANTEED - MAY LOSE MONEY

FUND TICKER KOL 888.MKT.VCTR VANECK.COM/KOL

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