Lower Investor Expenses and 5-Star Rating for Market Vectors Investment Grade Floating Rate ETF

Van Eck Global announced that it is lowering the expense cap of its Market Vectors Investment Grade Floating Rate ETF (NYSE Arca: FLTR®) from 0.19% to 0.14%1, effective today.

“We expect the reduced pricing will make FLTR a more attractive option for income investors looking to decrease interest rate sensitivity in their portfolios,” said Meredith Larson, the fund’s product manager. “FLTR offers investors exposure to investment-grade floating rate notes (FRNs), and was recognized by Morningstar at the end of September with a 5-star overall rating2.”

Market Vectors Investment Grade Floating Rate ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of Market Vectors® U.S. Investment Grade Floating Rate Index (MVFLTR), which consists of U.S. dollar-denominated floating rate notes issued by corporate issuers and rated investment grade by at least one of the three rating services: Moody’s, Standard & Poor’s, or Fitch. The underlying index was designed to target corporate FRNs and have an allocation bias to longer-maturity notes, which has helped reduce duration and enhance yield potential. The FRN floating-rate feature effectively reduces interest rate duration to near zero regardless of years to maturity.3

Since 1955, Van Eck Global has sought to empower investors by combining forward-thinking development with experience to deliver solutions for evolving markets. Van Eck Global was the first ETF sponsor to offer a U.S.-listed floating rate note ETF, as part of an effort to develop investment solutions for a rising interest rate environment. Other such ETFs include Market Vectors Short High-Yield Municipal Index ETF (NYSE Arca: SHYD®), Short Municipal Index ETF (NYSE Arca: SMB®), and Treasury-Hedged High Yield Bond ETF (NYSE Arca: THHY®).

Investors have an array of Market Vectors Income ETFs to choose from to help express their views on interest rate risk, credit risk, international diversification, municipal bond investment, and alternative equity income. As of September 30, 2014, the total assets under management in these ETFs amounted to approximately $4.5 billion.

1About the Reduced Expense Ratios

Van Eck Associates Corporation has agreed to waive fees and/or pay the Fund’s expenses to the extent necessary to prevent the Fund’s operating expenses (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.14% of the Fund’s average daily net assets per year until at least September 1, 2015. During such time, the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation. The gross expense ratio, before waivers and reimbursements, is 0.54%.

2©2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Ratingtm based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. As of September 30, 2014, the Market Vector Floating Rate ETF was rated against 96 U.S.-domiciled ultra-short bond funds over the last three years. With respect to these ultra-short bond funds, the Market Vectors Floating Rate ETF received a Morningstar Rating of 5 stars for 3-year rating. Past performance is no guarantee of future results.

3Floating rate notes (FRNs) are subject to credit and interest rate risk. FRNs have historically been less sensitive to interest rate changes than fixed income securities, but may decline in value if their interest rate resets do not rise as much or as quickly as interest rates in general. FLTR’s constituents are FRNs issued by investment-grade rated corporations. This differs from floating rate bank loans, which are typically issued by noninvestment-grade issuers. Interest rate duration measures a bond’s sensitivity to interest rate changes that reflects the change in a bond’s price given a change in yield.

About Market Vectors ETFs

Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family totaled approximately $22.9 billion in assets under management, as of September 30, 2014, making it one of the largest ETF families in the U.S. and worldwide.

Market Vectors ETFs are sponsored by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes.

Market Vectors Investment Grade Floating Rate ETF is not sponsored, issued or advised by Wells Fargo & Company, Wells Fargo Securities, LLC or any of their affiliates. The Market Vectors US Investment Grade Floating Rate Index is the exclusive property of Market Vectors Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Wells Fargo to create and maintain and with Interactive Data Pricing and Reference Data, LLC to calculate the Index. Neither Wells Fargo nor Interactive Data Pricing and Reference Data, LLC guarantees the accuracy and/or completeness of the Index or of any data supplied by it or its agents or makes any warranty as to the results to be obtained from investing in the Fund or tracking the Index. The Index is calculated by Interactive Data Pricing and Reference, LLC, which is not an adviser for or fiduciary to the Fund, and, like Wells Fargo, is not responsible for any direct, indirect or consequential damages associated with indicative optimized portfolio values and/or indicative intraday values. The Market Vectors Investment Grade Floating Rate ETF is not sponsored, endorsed, sold or promoted by Market Vectors Index Solutions GmbH and Market Vectors Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

An investment in the Market Vectors Investment Grade Floating Rate ETF may be subject to risk which include, among others, credit rating downgrades, issuers may be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt, call risk, and interest rate risk, all of which may adversely affect the Fund. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. Debt securities carry interest rate and credit risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health. Investments in foreign and emerging markets securities may be subject to elevated risks which may negatively impact the funds.

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. Shares may trade at a premium or discount to their NAV in the secondary market.

Diversification does not assure a profit nor does it protect against a loss.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds, in general, 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 888.MKT.VCTR or visit marketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor
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