Market Vectors Africa Index ETF (AFK) Summary. Description. Historical prices (1 year) DIAMONDS* RATINGS* ETFG RISK RATING 6.26

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1 Market Vectors Africa Index ETF (AFK) Tearsheet as of 11:52 am, April 28, Summary RATINGS* DIAMONDS* ETFG RISK RATING 6.26 ETFG REWARD RATING 5.66 Description Market Vectors Africa Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield performance of the Market Vectors GDP Africa Index. ETFG SCORE BEHAVIORAL FUNDAMENTAL GLOBAL QUALITY Inception Date: 07/14/2008 Expense Ratio: 0.78% Related Index: S&P 500 TR USD Historical prices (1 year) Last Change (-0.31%) Last Volume 465 Bid Ask High Low Open Previous Close Volume 18K Dividend Yield 2.56% Beta wk High wk Low Date 4/28/2014 Time 11:32:37 AM Mar 31 Apr 04 Apr 11 Apr 21 Apr 25 Key - Green Diamond Reward Ratings Key - Red Diamond Risk Ratings Key: Key: Underperform Market Perform Outperform Low Risk Moderate Risk High Risk (c) ETF Global Page 1 of 6

2 Exposure Geographic Exposure 20.2% 21.2% 14.8% 11.7% 4.6% 9.3% 8.3% South Africa Brazil Great Britain Egypt Morocco Canada Jersey France Ireland Bermuda Mauritius Australia Liberia Malta Currency Exposure 18.5% 20.3% 18% 4.2% 15.6% 8.4% Sector Exposure 29.7% 17.2% 15.2% 4.5% 12.3% 10.1% Financials Materials Energy Consumer Discretionary Telecommunication Services Industrials Consumer Staples Health Care Industrial Goods Information Technology Industry Exposure 13.6% 12.5% % 5.9% (c) ETF Global 5.7%4.6%4.5% 7.2% BRL USD ZAr GBp MAD EGP CAD EUR SGD AUD Industry Group Exposure 14% 12.5% 17.3% 12.3% 6% 4.5% 4.6% 5.7%4.7% Sub-Industry Metals & Mining Commercial Banks 12.4% 9.4% Oil Gas & Consumable Fuels Diversified Telecommunication Services 8.8% Real Estate Development Media Real Estate Management & Development 8.7% Aerospace & Defense Specialty Retail Diversified Financial Services 4.7% 4.5% Insurance Capital Markets Food Products Health Care Providers & Services 17.3% Materials Banks Energy Telecommunication Services Financial Media Diversified Financials Real Estate Capital Goods Retailing Insurance Food Beverage & Tobacco Health Care Equipment & Services Gold Exposure Industrial Goods Food & Staples Retailing Consumer Durables & Apparel Diversified Banks Consumer Services Oil & Gas Exploration & Production Packaging And Containers Real Estate Development Technology Hardware & Equipment Diversified Metals & Mining Integrated Telecommunication Services Gold Aerospace & Defense Movies & Entertainment Multi-Sector Holdings Apparel Retail Publishing Integrated Oil & Gas Life & Health Insurance Real Estate Services Page 2 of 6

3 Top Holdings Ticker Fund Ticker Constituent Name Country Currency Weight Shares Market Value 1 CBKD LI AFK Commercial International Bank Egypt SAE - USD 7.47% 2M 8.83M 2 GUARANTY NL AFK Cyrela Commercial Properties SA Empreendimentos e Participacoes BRL 4.82% 34M 5.70M 3 EMBR3 AFK Embraer SA BRL 4.46% 285K 5.28M 4 ABCB4 AFK Banco ABC Brasil SA BRL 3.84% 31M 4.55M 5 GLTD LI AFK Global Telecom Holding - USD 3.78% 1M 4.47M 6 SHOW3 AFK T4F Entretenimento SA BRL 3.17% 4M 3.74M 7 TLW AFK Tullow Oil PLC GBp 3.00% 243K 3.55M 8 TMGH AFK Talaat Moustafa Group EGP 2.88% 3M 3.40M 9 AAL AFK Anglo American PLC GBp 2.78% 123K 3.29M 10 ATW AFK Attijariwafa Bank MAD 2.70% 83K 3.19M 11 FBNH NL AFK Arezzo Industria e Comercio SA BRL 2.58% 37M 3.05M 12 NPN AFK Naspers Ltd ZAr 2.51% 29K 2.97M 13 SSL AFK Sasol Ltd USD 2.40% 51K 2.83M 14 AFR AFK Afren PLC GBp 2.38% 1M 2.82M 15 MTN AFK MTN Group Ltd ZAr 2.27% 137K 2.68M 16 CEY AFK Centamin PLC GBp 2.11% 2M 2.50M 17 NESTLE NL AFK Nestle Nigeria Plc % 362K 2.47M 18 FM.TO AFK First Quantum Minerals Ltd CAD 2.04% 123K 2.41M 19 AOI CN AFK Africa Oil Corp CAD 2.01% 326K 2.38M 20 IAM AFK Maroc Telecom SA MAD 1.95% 184K 2.30M Product Info Service Providers Tax Classification Administrator Van Eck Associates Corporation Tax Classification Regulated Investment Company Advisor Van Eck Associates Corporation Commodity Pool Operator - Commodity Trading Advisor - Custodian The Bank of New York Mellon Corporation Depositor - Depository - Distributor Van Eck Securities Corporation Futures Commission Merchant - Expenses Management Fee.500% Expenses.410% Total Expenses.910% Fee Waivers -.110% Net Expenses.800% General Partner - Marketing Agent - Pool Manager - Pool Tax Administrator - Portfolio Manager Hao-Hung (Peter) Liao, George Cao Subadvisor - Trust Processing Agent - Transfer Agent The Bank of New York Mellon Corporation Trust Sponsor - Trustee - Additional Information Fiscal Year End December 31 Distribution Frequency Annual Listing Exchange NYSE Arca, Inc. Creation Unit Size 50,000 Creation Fee $1, SEC Series Id S SEC Class Id C CTA NAV Symbol AFK.NV CTA Est Cash Symbol AFK.SO ETFG Index Membership Index #1 ETFG Global Composite CTA Total Cash Symbol CTA IOPV Symbol AFK.TC AFK.IV Index #2 ETFG Global Equity Index Index #3 ETFG Middle East & Africa Index (c) ETF Global Page 3 of 6

4 Performance * 2010 Performance 2011 Performance 2012 Performance 2013 Performance 2014 Performance 16.79% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q % Year Q1 Q2 Q3 Q4 Total % % 16.79% 9.46% 23.87% % -3.47% % -0.66% % % -5.73% 12.33% 0.35% 21.75% % % 10.89% 3.24% -1.37% % 4.66% % MTD YTD 1 Year 3 Year 5 Year 4.66% 5.30% 10.86% -4.23% 54.24% Peer Group Stats (Equity) 1 Month 3 Month 6 Month 1 Year 3 Year Peer Ave. Return 1.84% 1.20% 4.68% 11.76% 12.28% Peer Low % % % % % Peer 25th -0.34% -0.92% 1.92% 0.00% 0.00% Peer Median 1.55% 1.26% 4.65% 13.21% 0.00% Peer 75th 3.76% 3.51% 6.72% 22.05% 36.83% Peer High 45.40% 32.16% 26.49% 70.96% 90.28% Number of Funds Fund Return 4.33% 4.96% 7.42% 10.52% -3.58% Fund Percentile 88% 86% 84% 47% 17% Peer Group Stats (Broad Equity) 1 Month 3 Month 6 Month 1 Year 3 Year Peer Ave. Return 3.27% 2.16% 5.48% 7.10% 0.79% Peer Low -9.93% % % % % Peer 25th 1.16% -0.14% 2.53% -1.73% -5.80% Peer Median 3.13% 1.43% 5.08% 3.91% 0.00% Peer 75th 5.13% 4.92% 7.98% 16.47% 4.88% Peer High 19.32% 16.90% 25.49% 59.80% 68.71% Number of Funds Fund Return 4.33% 4.96% 7.42% 10.52% -3.58% Fund Percentile 85% 76% 77% 65% 29% (c) ETF Global Page 4 of 6

5 Peer Group Stats (Broad Equity) 1 Month 3 Month 6 Month 1 Year 3 Year Peer Ave. Return 3.27% 2.16% 5.48% 7.10% 0.79% Peer Low -9.93% % % % % Peer 25th 1.16% -0.14% 2.53% -1.73% -5.80% Peer Median 3.13% 1.43% 5.08% 3.91% 0.00% Peer 75th 5.13% 4.92% 7.98% 16.47% 4.88% Peer High 19.32% 16.90% 25.49% 59.80% 68.71% Number of Funds Fund Return 4.33% 4.96% 7.42% 10.52% -3.58% Fund Percentile 85% 76% 77% 65% 29% * - as of 04/25/2014. All return calculations are based off of price only and do not include dividend reinvestment. All returns are cumulative unless stated otherwise. Fund Flows 1 Week 2 Week 1 Month 3 Month $1.40M $2.00M $3.66M $11.62M Fund Statistics Risk and Reward Diamond Ratings Dynamics Risk & Reward 7.26 Mar 17 Return and Risk Statistics Mar 26 Apr 7 Apr 16 Apr 25 Statistics 1 year 3 year 5 year Annualized Return 10.86% -1.43% 9.05% Beta Standard Deviation 15.22% 18.93% 21.20% Sharpe Ratio Treynor Ratio Sortino Ratio All return calculations are based off of price only and do not include dividend reinvestment. (c) ETF Global Page 5 of 6

6 DISCLAIMERS Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. ETF Global LLC ( ETFG ) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages. ETFG ratings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings should not be relied on when making any investment or other business decision. ETFG s opinions and analyses do not address the suitability of any security. ETFG does not act as a fiduciary or an investment advisor. While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. ETFG keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of ETFG may have information that is not available to other ETFG business units. ETFG has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. ETFG may receive compensation for its ratings and certain analyses. ETFG reserves the right to disseminate its opinions and analyses. ETFG's public ratings and analyses are made available on its Websites, (free of charge) and may be distributed through other means, including via ETFG publications and third party redistributors. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. (c) ETF Global Page 6 of 6

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