Market Vectors® Gold Miners ETF (GDX®) Will Continue to Track NYSE Arca Gold Miners Index

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Market Vectors® Gold Miners ETF (GDX®) Will Continue to Track NYSE Arca Gold Miners Index

Updated index methodology expected to better capture global nature of the gold mining industry

NEW YORK--(BUSINESS WIRE)-- Market Vectors Gold Miners ETF (GDX) will continue to track the NYSE Arca Gold Miners Index after the methodology of determining Index constituents and weightings is updated by the index provider, NYSE Euronext, in late September. GDX has sought to track the Index since the Fund's inception in 2006 and has since become the world's largest gold miner-focused exchange-traded fund.


"After reviewing the improved methodology, we are pleased with the planned changes and expect them to be beneficial for investors," said Brandon Rakszawski, product manager with Market Vectors. "By moving to allow for the inclusion of non-U.S. listed companies, we believe the Index will better capture the global nature of the gold mining industry. Additionally, by increasing the minimum market cap for inclusion in the Index, the overall liquidity of GDX holdings may be improved."

The new methodology underlying the Index was announced by NYSE Euronext on August 9, 2013 and will be effective on September 20, 2013, coinciding with the rebalance of the Index after close of markets that day.

GDX, part of Market Vectors' family of Hard Assets ETFs, had total net assets of $6.3 billion as of August 31, 2013. The fund has a gross expense ratio of 0.52 percent and a net expense ratio of 0.52 percent, with the fund's expenses capped at 0.53 percent until May 1, 2014. Cap excludes certain expenses, such as interest.

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 $21.8 billion in assets under management, making it the seventh largest ETP family in the U.S. and tenth largest worldwide as of June 30, 2013

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. Van Eck Global has offices around the world and managed approximately $29.6 billion in investor assets as of June 30, 2013.

Gold- and silver-related investments are subject to risks including bullion price volatility, changes in world political developments, competitive pressures and risks associated with foreign investments. In times of stable economic growth, the value of gold, silver and other precious metals may be adversely affected. Mining companies are subject to elevated risks, which include, among others, competitive pressures, commodity and currency price fluctuations, and adverse governmental or environmental regulations. In particular, small and mid-cap mining companies may be subject to additional risks including inability to commence production and generate material revenues, significant expenditures and inability to secure financing, which may cause such companies to operate at a loss, greater volatility, lower trading volume and less liquidity than larger companies. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

The NYSE Arca Gold Miners Index (GDM), a trademark of NYSE Euronext or its affiliates (NYSE Euronext), is licensed for use by Van Eck Associates Corporation in connection with Market Vectors Gold Miners ETF (GDX). NYSE Euronext neither sponsors nor endorses GDX and makes no warranty or representation as to the accuracy and/or completeness of GDM or results to be obtained by any person from using GDM in connection with trading GDX.

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. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visitmarketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017



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