Market Vectors Russia ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS or the Index), by investing in a portfolio of securities that generally replicates the DXRPUS. DXRPUS, calculated by the Deutsche Borse AG, is a modified market capitalization-weighted index consisting of publicly traded companies that are domiciled in Russia. Companies eligible for inclusion in Index should be domiciled in Russia, traded in Russia and/or on global exchanges with market cap exceeding $150 million, and should have daily average traded volume of at least $1 million over past six months. The Index comprises a diversified group of companies domiciled in Russia, including those involved in oil and gas exploration and production, telecommunication, steel production, mining and electricity generation. The Fund’s investment advisor is Van Eck Associates Corporation.