VanEck Environmental Ser... (AMEX:EVX)
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The Amex Environmental Services Index (AXENV) fell 3.46 percent in July
and gained 11.77 percent for the seven months ending July 31, 2007.*
AXENV is a modified equal-dollar-weighted index that is comprised of
publicly traded companies involved in waste management and related
activities. These companies offer a full range of environmental services
to residential, industrial, municipal and commercial customers; such
services include waste collection and disposal, hazardous waste
services, recycling, remediation and environmental clean-up services,
wastewater management and environmental consulting.
As of July 31, 2007, AXENV included 24 securities. AXENV is rebalanced
quarterly. The next rebalancing will occur on September 27, 2007.
The Market Vectors – Environmental Services
ETF (Amex: EVX) is an exchange-traded fund that seeks to replicate, as
closely as possible, before fees and expenses, the price and yield
performance of AXENV. EVX generally holds all of the securities that
comprise AXENV in proportion to their weighting in AXENV.
Options on EVX are listed on the Amex.
*Past performance does not guarantee future results. AXENV’s
return does not represent the performance of any fund. AXENV charges no
fees, including management fees or brokerage expenses, and no such fees
or expenses were deducted from the performance shown. Investors cannot
invest directly in AXENV.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/evx
for the most recent month-end performance of EVX. This
information will be available no later than seven business days after
the most recent month end.
About Exchange-Traded Funds
ETFs are passively managed baskets of securities that trade in a manner
similar to stocks. They have grown in popularity as investment tools
because of their relatively low expense ratios and the tax efficiency
they offer compared to most mutual funds. Investors can buy and sell
ETFs intra-day and they can hold them both long and short, offering the
opportunity to prosper from both bear and bull markets. However, ETF
shares are not individually redeemable and may only be purchased from or
tendered for redemption to an ETF by an authorized person in large
aggregations called “creation units.”
About the American Stock Exchange
The American Stock Exchange®
(Amex®) offers trading
across a full range of equities, options and exchange traded funds
(ETFs), including structured products and HOLDRSSM.
In addition to its role as a national equities market, the Amex is the
pioneer of the ETF, responsible for bringing the first domestic product
to market in 1993. Leading the industry in ETF listings, the Amex lists
336 ETFs to date. The Amex is also one of the largest options exchanges
in the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. For more information, please visit www.amex.com.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S.
money managers helping investors achieve greater diversification through
global investing. Today the firm continues the 50+ year tradition by
offering global investment choices in hard assets, emerging markets,
precious metals including gold, and other specialized asset classes.
Van Eck mutual funds are sold nationwide through retail brokers,
financial planners and investment advisors. Designed for investors
seeking innovative choices for portfolio diversification, they are often
categorized in asset classes having returns with low correlations to
those of more traditional U.S. equity and fixed income investments.
Van Eck also offers exchange-traded funds, separate accounts and
alternative investments. In addition, it offers the Worldwide Insurance
Trust Funds, a series of investment choices within the variable annuity
contracts and variable life policies of widely known and highly regarded
insurers.
About the Amex Environmental Services Index (AXENV)
AXENV is a modified equal-dollar-weighted index comprised of common
stocks or ADRs of publicly traded companies that engage in business
activities that may benefit from the global increase in demand for
consumer waste disposal, removal and storage of industrial by-products
and related environmental services, including waste collection, transfer
and disposal services, recycling services, soil remediation, wastewater
management and environmental consulting services. As of July 31, 2007,
AXENV included 24 securities. The Amex launched AXENV on September 29,
2006.
All performance information presented for AXENV covering the period
prior to October 7, 2004 is based on hypothetical, back-tested data.
Prior to October 7, 2004, AXENV was not calculated in real time by an
independent calculation agent. Hypothetical, back-tested performance has
inherent limitations and is not indicative of future results. No
representation is being made that any investment will achieve
performance similar to that shown.
AXENV is calculated using a modified equal-dollar weighting methodology.
Only companies with a market capitalization greater than $100 million
and a three-month trading price greater than $3.00 that have a daily
average traded volume of at least $1 million over the past three months
are eligible for inclusion in AXENV. The top four components, ranked by
market capitalization, are equally weighted to collectively represent
40% of AXENV. The bottom five components are equally weighted to
collectively represent 10% of AXENV and the remaining components are
equally weighted to collectively represent 50% of AXENV. AXENV
composition and share weightings are reviewed quarterly. The value of
AXENV is disseminated every 15 seconds between the hours of
approximately 9:30 am and 4:15 pm Eastern Time. For a more complete
description of AXENV, please read the EVX prospectus.
AXENV, a trademark of the Amex, is licensed for use by Van Eck
Associates Corporation in connection with EVX. EVX is not sponsored or
endorsed by the Amex and the Amex makes no warranty or representation as
to the accuracy and/or completeness of AXENV or results to be obtained
by any person from use of AXENV in connection with trading of EVX.
Investing involves risk, including possible loss of principal. Market
Vectors ETF shares can be bought and sold only through a broker (who may
charge a commission) and cannot be redeemed with the issuing fund. The
market price of Fund shares may be more or less than their net asset
value.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/evx
for a free prospectus. Investors should consider the
investment objective, risks, and charges and expenses of EVX carefully
before investing. The prospectus contains this and other information
about EVX. Please read the prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York,
NY 10016