The Stowe Coal IndexSM (Bloomberg ticker: COAL)
gained 17.46 percent in April and gained 7.81 percent in the four months
ending April 30, 2008.* †
The Index is comprised of a basket of the securities of 39 companies
from around the world that are engaged in the coal industry including
coal mining and related activities including transportation, the
manufacture of coal mining equipment and the production of clean coal
equipment manufacturing and clean coal production, and which derive more
than 50% of their total revenues from such activities. The Index,
launched on September 10, 2005, includes many companies of global
prominence including China Coal Energy Co. Ltd., Consolidated Energy,
Inc., and Bumi Resources (representing 4.9%, 7.9% and 8.1% of the Index
as of April 30, 2008).
Market Vectors–Coal ETF (NYSE: KOL) is an
exchange-traded fund that seeks to replicate as closely as possible,
before fees and expenses, the price and yield performance of the Index.
KOL generally holds all of the securities that comprise the Index in
proportion to their weighting in the Index.
*Past performance does not guarantee future results. The Index’s
return does not represent the performance of any fund. The Index 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 the Index.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/kol
for the most recent month-end performance of Market Vectors-Coal ETF.
This information will be available no later than seven business days
after the most recent month end.
†About the Stowe
Coal IndexSM Index
Performance information presented for the Index covering the period
prior to September 10, 2007 is based on hypothetical, back-tested data.
Prior to that date, the Index 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.
The Index is intended to give investors an efficient way to track the
performance of equity securities of selected companies engaged in the
coal industry. It is calculated using a modified market capitalization
weighting methodology.
