Free Writing Prospectus
Van Eck Merk Gold Trust
Market Vectors ETFs Fees
0001546652
Pursuant to 433/164
333-180868
Market Vectors Exchange-Traded Funds
vaneck.com | 800.826.2333
Income ETFs
Ticker
Expense Ratio Gross*
Expense Ratio Net*
Income
BDC Income
BIZD
9.62%
9.45%3
ChinaAMC China Bond
CBON
0.87%
0.50%3
Emerging Markets Aggregate Bond
EMAG
1.01%
0.49%3
Emerging Markets High Yield Bond
HYEM
0.47%
0.40%3
J.P. Morgan EM Local Currency Bond
EMLC
0.49%
0.47%3
Fallen Angel High Yield Bond
ANGL
0.90%
0.40%3
International High Yield Bond
IHY
0.54%
0.40%3
Investment Grade Floating Rate
FLTR
0.48%
0.14%3
Mortgage REIT Income
MORT
0.51%
0.41%3
Preferred Securities ex Financials
PFXF
0.47%
0.40%3
Treasury-Hedged High Yield Bond
THHY
1.44%
0.50%3
CEF Municipal Income
XMPT
1.60%
1.43%3
High-Yield Municipal Index
HYD
0.35%
0.35%
Intermediate Municipal Index
ITM
0.24%
0.24%
Long Municipal Index
MLN
0.24%
0.24%
Pre-Refunded Municipal Index
PRB
0.24%
0.24%
Short High-Yield Municipal Index
SHYD
0.35%
0.35%
Short Municipal Index
SMB
0.20%
0.20%
Equity ETFs
Ticker
Expense
Ratio Gross*
Expense
Ratio Net*
Industry
Biotech
BBH
0.41%
0.35%1
Environmental Services
EVX
0.92%
0.55%1
Gaming
BJK
0.73%
0.65%1
Pharmaceutical
PPH
0.42%
0.35%1
Retail
RTH
0.63%
0.35%1
Semiconductor
SMH
0.41%
0.35%1
Strategic Equity
Global Spin-Off
SPUN
0.62%
0.55%4
Morningstar International Moat
MOTI
0.64%
0.56%4
Morningstar Wide Moat
MOAT
0.50%
0.49%1
Hard Assets
Agribusiness
MOO
0.57%
0.57%2
Coal
KOL
0.63%
0.59%2
Global Alternative Energy
GEX
0.64%
0.62%2
Gold Miners
GDX
0.53%
0.53%2
Junior Gold Miners
GDXJ
0.55%
0.55%2
Natural Resources
HAP
0.73%
0.50%2
Oil Refiners
CRAK
0.64%
0.59%5
Oil Services
OIH
0.39%
0.35%2
Rare Earth/Strategic Metals
REMX
0.72%
0.58%2
Solar Energy
KWT
1.08%
0.65%2
Steel
SLX
0.63%
0.55%2
Unconventional Oil & Gas
FRAK
0.67%
0.54%2
Uranium+Nuclear Energy
NLR
0.76%
0.60%2
Country/Regional
Africa Index
AFK
0.80%
0.80%2
Brazil Small-Cap
BRF
0.66%
0.60%2
ChinaAMC A-Share
PEK
1.69%
0.72%2
ChinaAMC SME-ChiNext
CNXT
0.66%
0.66%2
Egypt Index
EGPT
0.97%
0.97%2
Gulf States Index
MES
2.07%
0.99%2
India Small-Cap Index
SCIF
0.92%
0.89%2
Indonesia Index
IDX
0.66%
0.58%2
Indonesia Small-Cap
IDXJ
2.30%
0.61%2
Israel
ISRA
0.76%
0.60%2
Poland
PLND
0.99%
0.60%2
Russia
RSX
0.61%
0.61%2
Russia Small-Cap
RSXJ
0.95%
0.68%2
Vietnam
VNM
0.70%
0.70%2
Commodity ETF
Ticker
Expense
Ratio Gross*
Expense Ratio Net*
Van Eck Merk Gold Trust
OUNZ
0.40%
0.40%
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 or in cash. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market.
Investing involves substantial risk and high volatility, including possible loss of principal. Bond and bond funds will decrease in value as interest rates rise.
An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
Van Eck Merk Gold Trust: This material must be preceded or accompanied by a prospectus (http://www.vaneck.com/library/commodity-etfs-literature/). Before investing, you should carefully consider the Trust’s investment objectives, risks, charges and expenses. Please read the prospectus carefully before you invest.
Investing involves risk, including possible loss of principal. The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for the purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Because shares of the Trust are intended to reflect the price of the gold held in the Trust, the market price of the shares is subject to fluctuations similar to those affecting gold prices. Additionally, shares of the Trust are bought and sold at market price, not at net asset value (“NAV”). Brokerage commissions will reduce returns.
The sponsor of the Trust is Merk Investments LLC (the “Sponsor”). Van Eck Securities Corporation and Foreside Fund Services, LLC provide marketing services to the Trust.
2015 Van Eck Global. All rights reserved. All trademarks, service marks or registered trademarks are the property of their respective owners.
*
Expenses may reflect temporary waivers and reimbursements and are shown in each
fund’s current prospectus. Expense caps exclude certain expenses, such as interest.
1
Expenses are capped contractually until at least 02/01/16.
2
Expenses are capped contractually until at least 05/01/16.
3
Expenses are capped contractually until at least 09/01/16.
4
Expenses are capped contractually until at least 02/01/17.
5
Expenses are capped contractually until at least 05/01/17.
For more information on Market Vectors ETFs and their underlying indices, visit vaneck.com or call 800.826.2333.
Van Eck Securities Corporation, Distributor | 666 Third Avenue | New York, NY 10017
ETF FEES (12/2015)