MARKET VECTORS GLOBAL SPINOFF ETF (SPUN) Exchange: NYSE ARCA

DELISTED - The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Spin-Off Index is comprised of securities of companies that have been spun-off from a parent company and are domiciled and listed in the U.S. or developed markets of Western Europe and Asia. To be considered a spin-off company, the initial distribution of a component security must have been distributed to shareholders of the parent company without any action having to be taken by the parent company shareholders. Additionally, the parent company must have distributed at least 80% of the component security to shareholders of the parent company, and shares of the component security must not have been publicly traded prior to the distribution. Such companies may include small- and medium capitalization companies, foreign issuers and real estate investment trusts (“REITs”). As of December 31, 2015, the Spin-Off Index included 89 securities of companies with a market capitalization range of approximately $522 million to $97 billion and a weighted average market capitalization of $5.7 billion. These amounts are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders. The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Spin-Off Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Spin-Off Index concentrates in an industry or group of industries. As of September 30, 2015, the Spin-Off Index was concentrated in the consumer discretionary sector, and each of the financial services and industrials sectors represented a significant portion of the Spin-Off Index.