Market Vectors Gaming ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the S-Network Global Gaming Index (WAGR or the Index) by investing in a portfolio of securities that generally replicates WAGR. WAGR, calculated and maintained by Standard & Poor’s Custom Indices on behalf of Stowe Global Indexes LLC, is a rules-based, modified capitalization-weighted, float-adjusted index consisting of publicly traded companies worldwide engaged in the global gaming industry. Companies eligible for inclusion in Index should be principally engaged in the global gaming industry, deriving greater than 50% of revenues from it with market cap exceeding $200 million, and should have three-month average daily turnover greater than $1 million. The Fund’s investment advisor is Van Eck Associates Corporation.