Market Vectors Brazil Small-Cap ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Market Vectors Brazil Small-Cap Index (the Index). The Index is a rules-based, modified market capitalization-weighted, float-adjusted index consisting of publicly traded small-capitalization companies that are domiciled and primarily listed on an exchange in Brazil, or that generate at least 50% of their revenues in Brazil. The Index is the exclusive property of 4asset-management GmbH, which has contracted with Standard & Poor�s, a division of The McGraw-Hill Companies, Inc. to maintain and calculate the Index. The Fund is passively managed and may not hold each Index component in the same weighting as the Index. The Fund�s investment advisor is Van Eck Associates Corporation.