Market Vectors Gold Miners ETF (the Trust) seeks to replicate as closely as possible the price and yield performance of NYSE Arca Gold Miners Index (GDM). GDM is a market capitalization-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large capitalization stocks.The Fund normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry. The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the GDM by investing in a portfolio of securities that generally replicates GDM. The Fund may concentrate its investments in a particular industry or group of industries to the extent that GDM concentrates in an industry or group of industries. The Fund�s advisor is Van Eck Associates Corporation.