0000930413-11-002615.txt : 20110408 0000930413-11-002615.hdr.sgml : 20110408 20110408172302 ACCESSION NUMBER: 0000930413-11-002615 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20110408 DATE AS OF CHANGE: 20110408 EFFECTIVENESS DATE: 20110408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARKET VECTORS ETF TRUST CENTRAL INDEX KEY: 0001137360 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-123257 FILM NUMBER: 11750404 BUSINESS ADDRESS: STREET 1: 335 MADISON AVENUE - 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-293-2000 MAIL ADDRESS: STREET 1: 335 MADISON AVENUE - 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: MARKET VECTORS TRUST DATE OF NAME CHANGE: 20050516 FORMER COMPANY: FORMER CONFORMED NAME: VAN ECK ALTERNATIVES INDEX FUND DATE OF NAME CHANGE: 20030327 FORMER COMPANY: FORMER CONFORMED NAME: VAN ECK ECONOMEX INDUSTRIES INDEX FUND DATE OF NAME CHANGE: 20010329 0001137360 S000031532 Market Vectors Colombia ETF C000098031 Market Vectors Colombia ETF 497 1 c63643_497.htm

RULE 497 DOCUMENT

The interactive data file included as an exhibit to this filing relates to the prospectus for Market Vectors Colombia ETF that was filed with the Securities and Exchange Commission pursuant to Rule 497(c) under the Securities Act of 1933, as amended, on March 18, 2011 (Accession No. 0000930413-11-002052), which is incorporated herein by reference.

 

EX-101.INS 2 cik0001137360-20110318.xml 0001137360 2011-03-14 2011-03-14 0001137360 cik0001137360:S000031532Member 2011-03-14 2011-03-14 0001137360 cik0001137360:S000031532Member cik0001137360:C000098031Member 2011-03-14 2011-03-14 iso4217:USD xbrli:pure "Other Expenses" are based on estimated amounts for the current fiscal year. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.75% of the Fund's average daily net assets per year until at least May 1, 2012. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. MARKET VECTORS ETF TRUST Other false 0001137360 2011-03-14 2011-03-18 2011-03-18 2011-03-14 RISK/RETURN Investment Objective <p><font size="2">Market Vectors Colombia ETF (the "Fund") seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Colombia Index (the "Index").</font></p> Fund fees and expenses <p><font size="2">This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.</font></p> 0.00 0.0050 0.0047 0.0097 -0.0022 0.0075 ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2012-05-01 Expense Example <p><font size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. This example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund.</font></p> 77 287 ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The example also assumes that your investment has a 5% annual return and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Portfolio Turnover <p><font size="2">The Fund will pay transaction costs, such as commissions, when it purchases and sells securities (or "turns over" its portfolio). A higher portfolio turnover will cause the Fund to incur additional transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, may affect the Fund's performance. Because the Fund is newly organized, no portfolio turnover figures are available.</font></p> Principal Investment Strategies <p><font size="2">The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark index. The Fund's benchmark index is comprised of securities of companies located in Colombia. A company is considered to be located in Colombia if it is domiciled and primarily listed on an exchange in Colombia or if it generates at least 50% of its revenues in Colombia. Such companies may include small- and medium-capitalization companies. The Fund's 80% investment policy is non-fundamental and requires 60 days' prior written notice to shareholders before it can be changed.</font></p> <p><font size="2">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 Index. The Adviser expects that, over time, the correlation between the Fund's performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation.</font></p> <p><font size="2">The Fund may also utilize depositary receipts to seek performance that corresponds to the Index.</font></p> <p><font size="2">The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of March 10, 2011, the following industries represent a significant portion of the Index: energy, financial services and basic materials.</font></p> The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of March 10, 2011, the following industries represent a significant portion of the Index: energy, financial services and basic materials. Principal Risks of Investing In the Fund <p><font size="2">Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. Therefore, you should consider carefully the following risks before investing in the Fund.</font></p> <p><font size="2"><i>Risks of Investing in Colombia</i>. The Colombian economy has experienced high interest rates, economic volatility, inflation, currency devaluations and high unemployment rates, all of which could negatively affect the value of companies located in Colombia and the value of your investment in the Fund. In addition, commodities (such as oil, natural gas and minerals) represent a significant percentage of Colombia's exports and its economy is particularly sensitive to fluctuations in commodity prices. Adverse economic events in another South American country may have a significant adverse effect on Colombia's economy and companies located in Colombia.</font></p> <p><font size="2">Because the Fund's assets will be invested primarily in equity securities of Colombian issuers, the income received by the Fund will be principally in Colombian pesos. The Fund's exposure to the Colombian peso and changes in value of the Colombian peso versus the U.S. dollar may result in reduced returns for the Fund. Moreover, the Fund may incur costs in connection with conversions between U.S. dollars and Colombian pesos.</font></p> <p><font size="2"><i>Risks of Investing in Foreign Securities</i>. Investments in the securities of non-U.S. issuers involve risks beyond those associated with investments in U.S. securities. These additional risks include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. In addition, the Fund may invest in depositary receipts which involve similar risks to those associated with investments in foreign securities.</font></p> <p><font size="2"><i>Risks of Investing in Depositary Receipts</i>. Depositary receipts are issued by banks or trust companies, and entitle the holder to all dividends and capital gains that are paid out on the underlying foreign shares. Investments in depositary receipts may be less liquid than the underlying shares in their primary trading market.</font></p> <p><font size="2"><i>Risks of Investing in Emerging Market Issuers</i>. Investments in securities of emerging market issuers are exposed to a number of risks that may make these investments volatile in price or difficult to trade. Political risks may include unstable governments, nationalization, restrictions on foreign ownership, laws that prevent investors from getting their money out of a country and legal systems that do not protect property rights as well as the laws of the United States. Market risks may include economies that concentrate in only a few industries, securities issues that are held by only a few investors, limited trading capacity in local exchanges and the possibility that markets or issues may be manipulated by foreign nationals who have inside information.</font></p> <p><font size="2"><i>Risk of Investing in the Energy Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the energy sector. Companies operating in the energy sector are subject to risks including, but not limited to, economic growth, worldwide demand, political instability in the regions that the companies operate, government regulation stipulating rates charged by utilities, interest rate sensitivity, oil price volatility and the cost of providing the specific utility services. In addition, these companies are at risk of civil liability from accidents resulting in injury, loss of life or property, pollution or other environmental damage claims and risk of loss from terrorism and natural disasters.</font></p> <p><font size="2"><i>Risks of Investing in the Financial Services Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the financial services sector. Companies in the financial services sector may be subject to extensive government regulation that affects the scope of their activities, the prices they can charge and the amount of capital they must maintain. The profitability of companies in the financial services sector may be adversely affected by increases in interest rates. The profitability of companies in the financial services sector may be adversely affected by loan losses, which usually increase in economic downturns. In addition, the financial services sector is undergoing numerous changes, including continuing consolidations, development of new products and structures and changes to its regulatory framework. Furthermore, increased government involvement in the financial services sector, including measures such as taking ownership positions in such institutions, could result in a dilution in the value of such companies.</font></p> <p><font size="2"><i>Risk of Investing in the Basic Materials Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the basic materials sector Companies engaged in the production and distribution of basic materials may be adversely affected by changes in world events, political and economic conditions, energy conservation, environmental policies, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations.</font></p> <p><font size="2"><i>Risk of Investing in Small- and Medium-Capitalization Companies</i>. Small- and medium-capitalization companies may be more volatile and more likely than large-capitalization companies to have narrower product lines, fewer financial resources, less management depth and experience and less competitive strength. Returns on investments in stocks of these companies could trail the returns on investments in stocks of larger companies.</font></p> <p><font size="2"><i>Market Risk</i>. The prices of the securities in the Fund are subject to the risks associated with investing in the stock market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.</font></p> <p><font size="2"><i>Replication Management Risk</i>. An investment in the Fund involves risks similar to those of investing in any fund of equity securities traded on an exchange, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in security prices. However, because the Fund is not "actively" managed, unless a specific security is removed from the Index, the Fund generally would not sell a security because the security's issuer was in financial trouble. Therefore, the Fund's performance could be lower than other types of mutual funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</font></p> <p><font size="2"><i>Index Tracking Risk</i>. The Fund's return may not match the return of the Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the Index and incurs costs associated with buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in the composition of the Index and raising cash to meet redemptions or deploying cash in connection with newly created Creation Units (defined herein). Because the Fund bears the costs and risks associated with buying and selling securities while such costs and risks are not factored into the return of the Index, the Fund's return may deviate significantly from the return of the Index. In addition, the Fund may not be able to invest in certain securities included in the Index, or invest in them in the exact proportions they represent of the Index, due to legal restrictions or limitations imposed by the government of a particular country or a lack of liquidity on stock exchanges in which such securities trade. The Fund is expected to value some or all of its investments based on fair value prices. To the extent the Fund calculates its net asset value ("NAV") based on fair value prices and the value of the Index is based on securities' closing prices on local foreign markets (i.e., the value of the Index is not based on fair value prices), the Fund's ability to track the Index may be adversely affected.</font></p> <p><font size="2"><i>Risk of Cash Transactions</i>. Unlike most other ETFs, the Fund expects to effect all of its creations and redemptions for cash, rather than in-kind securities. As such, investments in Shares may be less tax-efficient than an investment in a conventional ETF.</font></p> <p><font size="2"><i>Non-Diversified Risk</i>. The Fund is classified as a "non-diversified" investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). Therefore, the Fund may invest a relatively high percentage of its assets in a smaller number of issuers or may invest a larger proportion of its assets in a single company. As a result, the gains and losses on a single investment may have a greater impact on the Fund's NAV and may make the Fund more volatile than more diversified funds.</font></p> <p><font size="2"><i>Concentration Risk</i>. The Fund's assets will be concentrated in a particular sector or sectors or industry or group of industries to the extent the Index concentrates in a particular sector or sectors or industry or group of industries. To the extent that the Fund's investments are concentrated in a particular sector, industry or country, the Fund will be susceptible to loss due to adverse occurrences affecting that sector, industry or country.</font></p> Market Risk. The prices of the securities in the Fund are subject to the risks associated with investing in the stock market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money. Non-Diversified Risk. The Fund is classified as a "non-diversified" investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). Therefore, the Fund may invest a relatively high percentage of its assets in a smaller number of issuers or may invest a larger proportion of its assets in a single company. As a result, the gains and losses on a single investment may have a greater impact on the Fund's NAV and may make the Fund more volatile than more diversified funds. Performance <p><font size="2">The Fund has not yet commenced operations and therefore does not have a performance history. Once available, the Fund's performance information will be accessible on the Fund's website at vaneck.com/etf.</font></p> The Fund has not yet commenced operations and therefore does not have a performance history. Once available, the Fund's performance information will be accessible on the Fund's website at vaneck.com/etf. EX-101.SCH 3 cik0001137360-20110318.xsd EX-101.DEF 4 cik0001137360-20110318_def.xml EX-101.LAB 5 cik0001137360-20110318_lab.xml EX-101.PRE 6 cik0001137360-20110318_pre.xml ZIP 7 0000930413-11-002615-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000930413-11-002615-xbrl.zip M4$L#!!0````(`.B*B#[K3G_YO1H``.!G```:`!P`8VEK,#`P,3$S-S,V,"TR M,#$Q,#,Q."YX;6Q55`D``\-\GTW#?)]-=7@+``$$)0X```0Y`0``[#QK4QRW MEM^W:O^#+KLW%6\&9@:,L8E-%<'@<&UL7QZ.O;=NN33=FAF9[M9$ZF88?[B_ M?<]#ZE;/`^,8LDGMIBH)=$M'Y_U4\_0OZ^OBA2J4E:5*Q6`F],'W9?Y`K(L# MDT_.$BV.BQ+>)J6^4O"LN%(6?H?WX[*<[':[T^ET(X&E+M%6.5/91#E\(-;7 M]P3^\^__]A0/.;`*C]@51U:+_8D5O<>BM[/;>[S[\)&X.#\0F[U^GS?!CNN! MS<1UGA7NV5IT$#[>,';4W>SUMKJZ<*4L$K7&*W?QK?[*]6FS(5[\J,LOP])4 MS:VK7!>>X=(GZ[W^^E8_K,QT<7D##OAZ(%V-@[5MN$XE&R-SU;46UO=[Z[W- M]DZNP&=]Z\`G[!2._-P ML[]S$P=Y10-ZGMCI%BWN/WGRI$MOZZ5NV3H`VN^^/WEUEHQ5+M=K`>VQX@CQ M%&'L.GI]JH:"8.Z6LXEZMN9T/LF0D?1L;-7PV5J+0^N!%1O7+EWK!G4$J(D! MI;XNA4YA2V^M>0/O5%'JQ'\;G-`>#115INT=20PPI;/P6+VD(CUWM9Z_^'3;O,TPIAP3A?6AF?UN:+R@;)K>[\7CY!^-ZJZTFF M$UTR5B+5L-!I4SQ;`XO*T#6L!# MUO,UP`.@L">3`P5A>E@6Y<<>A4QX5(P`\V+]XFQM[[M?*U/^^*8<@WH>7D]` M/97C9P)T4F!"D0I3".5*G5,F)W-3%:430V,%;!-)92UHEQAJE\A,S)2T&T^[ M+:IBM?O]R.TO(?>=+,1AMBU.PT0WI#X+Y7UTE6I?A>8[H,<@@+.[!P".8%KQ+C2M<1 MI95I#`F>R&O&$?&PTEAXCTB$%0_$T$)<`9;BUM[&S_=<8@^_DQ+@?`0:D MYW*D1"IU-@-R2@'N2H$>`/XD=`%:H3,A2Y&!397B!#C2[V#RO;DAGE>$IZN2 ML0!%`MR9-X2%R'2N2Y:`=O0T*9G1Z"UT42D/?!ZIGXRT*6)[;BM7DCB2DEB? M@C:&O3++!(A("I`S'0(;")/%\Y=I;JRXF4E:.@N_R]+8.?7[2/84S.D-<&Z? M>+5^J[C92CO_X]M@=5>:WKYM4R)M$DZ&'[]@>WY%=PCL7I^W0=2H.^)!:1K7 M!;JKH*3I$TV^]/O'+R?OMO[YC_?)I+K^4&P_23_O7(T^S(J+Y]7TQ8Y]LO-R M\]/%^F1/>I_ZAUO M/T\^Z]F'5TGZZ_F6=).+-SOO)LGT_+U[M'UV_NG=M'CXZ/KPP]9;-4Q>'KW> MS*\F!R\N+Y\;=_SB;^7%]O[?1V\^/_GY93+Y821?_U"D_=DX>=T?30Y.'IO# M@XM/^7OY^=-I.C[;*G\YJJ[EZ]?C[5O,J/?O[15J] M.GSQZ^4O6YOCVD=J^B?4T+M2SOZ"4>F\PV0NJT$]_<5SK%VW?AVN:LIUJL&T5X5\D?V'U7@3G5+O+4U56MOA9<1+>`K6L MYW5Z?/:R>WIX?G'ZFH`O@-AKP+\9?&(";@W]N+B"6@&)%_5F.F8>5(L=]8Z=X5#SK$*/C"A&D!YX##>0YBX2 M'1C0)5:T&3[/TUA_O">]M7BI.%R@DLYK@]I;...UM%AQ7JE[$.[Y&`JX4H(H M1*I<8O4`*^'Q$H'`4R@59Z82.12*6#[K(?TZJ&:T<&Q`0-09:U7$-[)Z)84M M)3^1USJO\OTDP4X&Y!@">SY$/#:AVMRX53A+50*BS=RSM4WPQ1N]'F&S<,X< M%@74T^3S51Q!&V2XA?5-Z!R_/F*$M@-*RP]M.X'EE1NUU;ZQK+L7VA[NL)TM MQZQ%VBJJ_E@$/=F)M7D5+5].CIFV.TNB[YS6=21VVB<"E>,4TD:]#KZM&O<-'_$BNFO93(SP&']$4"R*S*"T!9 M?YP;@@BOHO8LZ-M+>T?K\H M*IEA)'@3.J>!K7?+L07P?S2>W9H344%U*T/#W/;-\%S97!?K:"RD MZ5F&/_ZVI&TE_V\0U@IN?6+[I#^2,[P]#]K>L+WOIQFR]T!.;N?USFF&Q;P`=*L\ M+FO8&,5_]GL=V-/C45E(4#M;M$ZBWI[34M'F/+HZ#$2@6\>3>J<(6[D+M`)@ M[!X6UMQ+.*D#`6@(.F5L83J\44G:2S-A&G1*%SOR#CMO70;_[4MS]-\._IM4 M5I<:'GX/XN'C4"5`]%=A(`Z;'8U3B<8'(/$@T?JA*#WEC%XB*Z<:$X!@HXL$ ME2--->(+"K*`/6&%"@,J7V4EVI`_A>?:1`:!"V8!<7.,C1U8*7$1=2)\5"/# M<"HP9CK6R!G8@3'0JF'&4V?$-W-+N] M55B0G)X`@Z(>HX>B?0]J#NBR\^XWT?+L+9#S&;"7'9YKKB<\[M$U!TW7!4H@ MQE]G`,E&%D`>$&.-U9'4@F@'JDC&$(XNT7FK:_:\-RP0/IPA,'+(TC MTZYDKRL+O`0REL5(M4"@KA.4D;_*';%PNV$A76BIE&MC?(:^IZ$*C014)ZM2 MB!,HEG4V<)7J*E]/Y$2#'/3G4'+X;8M<1=%%`6P"*IX04PI3K*/12GR.(@7H M5OU:X?UQ\:@G4CES#`1Y`*1-@?F0@J,'P,8P<-(UA:@+S62@/@'^`).902O3 M6?&U^MD1%27/TKO9"2@A6(3WL>1G0&TXH:_IE9.)-3(9=T`2):8XU!JGI]=T M1XOT-&;08I>;N]F#6;MDD)'?:6LGV0&K`%I3W8=W#326D[\VY2_Q\,8.!8[H MWD]BK%49RWF@RJE2Q4UNL\E%VMBO:/5SO`%I/<&;3!9/*)5%^V$7BE#Z/=`A MSB5"WD4GH@./L+LS07.`P%RL*C7H.+;'@4Y0>(O<3)3V8L111XMV[X$`)3V7,\SO#CV.T@1,+\L]DU8T..:\>TH*A5)DDS:Q<:3%PB9$UU80+4'JH M%ZZ_U9DDBRXZB"$77X('XB,?>2(A8P'QT<6R/JL3*"PDD:S#]?F@HL`RLA>@ M?53H(4B9O$5]!ZS&9U>@9H]F'="0`KBNP7>`$E^!3V#5@N14)P)MR\([=V/4 M71W?6D5;6%8'Z8.:)[>N/?Y?]R_I1^/P^DR/&"(>;<4WJQKZR(H5"?+D?I"8H!TR[P67A!5@DZLJ@?\R@ MV`\P>+*ZY-YHR,RYIO636MZ*(2:2;P:O2%V*.'C%.,)CDUTA-"AK!OA%3XD" M;_""Q.J2XI"EV$"58Z`L9$P0R^%MA6&LK8*61!9B_K*.VS>[6WRM\8,8#K#K,*V!_-4%S6Z,S85 MU/,4LB*H*FHQT:5P[U6Y>WMFJG(L]G.0,V:@5,:"H\5D8BSAG#85,@!D,9AB MD1*/.5)R<[7QK9H^7^C6U\BYR@HI&DM:Q34)8($I>SF;JXX:(]#.54!HQ^>Y M0(CB'.J*/S0M6Z%Q0,Z)W3*#;R!-E#-+"@P4.'X5$D)A>P-SCRH!$E:MNTN6 MHD`J3I(O-LXVH!#+,`2W>QI0Q%5HQ-QY:[ZL8*4_`7>$^7.GHVX9X:\B>'V(7_?X:L"21")IW5'W7(:U\I MS5`SB(,C5(B"R.G@T`#0PXZ"1R_38#_D:JC:A_P&?!0=#R&3L9SSI7.:18UK M72RM4=CU!]8[G6M4:&87F!T0F'>9I>,Q$ MZE2`J_?M;XB\`"&;(>XUJRB-6K"291+R'7920E8%/&D!,D/TIJ9M/5D)'Q&Q M,MVW8`XAMHWP9W_O[IAM^P;'T'8**NSWNA]\`[*5W#@WR*0H*AHX^231,Q]9 ME>/TDX<.L9IZ&Z=NF$]N\0/.X1##?4FJ#HQ2&^)M;5\,..YR561Q`*1EL#SP MKEM='0P%4/HDG"N8QC[,%!(7-]:3CLCDU.,'QW^G@L%[U49S$XFOEC!9">K>YW+"Q.O&T@+=_OY=&]8.1C^!%(^ M_V^78FB()T@PI*:I(`8^V(585Z?R7I=JM6JR5! M&074,-[C1&5V4--PU0-L%`*+-WB!DW.L`OP)L[H'LACG74P,S9+87JE6`PPR M@6D+0R''(I.$OKEW/F/U@M+%I\H"MEBU4\ZCA^0B@_,@#F<5:X#UMU%4<:6M M*7Q[/I4Y73')I,[9$`,B!)1.!RY9`X]S>A\JNU0["?[+WGO>0(E1G;^=A<[2 M'\ZXEG2_%@W-T[-R;7!PD;71^3B26*'N[)"IWN3@X!(0O\=*T^@?M5JW+N#3 MRAG-5-@X:NWF;\M)%7VF1"MS3+GPBD$)_S*O0SXY,[+P3;`PG:Y6"AG8:SQJ^O?8_.O"7J?07,E)(03(S(6W`RDSAQ1P#5:SODD`$ MQ^Y':/P%]<>A/_D1TA]CTZFHI=@@?ROLTC4C#4UR;#22X5F3N=@,4*-4Z2TO9?I]S8DJ\K,MJ(3S)]J:B-CXX3`\EJ0*5/ MR0L)^<14V:!E`*-`04`%07=L@CNIN=KA0CJO/YQ![I?C>N+,'7A?63G7"`J[ M(Z4%W2['&^+4M_9,/-M@;U.:Y#+44ZWDC)T.U##^#U_86\`@+MC[\#^^M$,U MF/KNDXNE5?B=.+8BI&O$T6X^ M1BF#:[G$=H[%NW`<0]U\-*`T;OLTXY.?P8RI+3Y8=J<."D+F._]]R6SF[]2P M'>/%FX+,53:U4WV"IANM!L_G&B1,FZ-&:7,7AF^1X(&.FB0-G!BQ\#",&+A/ M)::2&Z*UWP''7^&]OGB(>=/5F"1,;>D:+;M"KK7PJW\RRO@3@*;M%?@B(`$: MEJ$'6%__\7,:5"CLCT%TE?5\S.N#F>!RO/*N^5(D+$:>^LL\FB]H4__)[TA5 M@NZ6_QA/^&4^@3*\@!R\[^;=G>'Q)89S*Q/*`)=YLYC3_BXT\@L%#$E',HY\ M\JQ)R(O`4VN&&)_R";KLW& M]AS:)5%>TT89`IKCKIP;(XQ<8UL0FXV"F"^-!!Y.!,%6"P:VP^;C[TZ M99[]V@H90TG'EG45JPJE^,""@+XKP!=Z$G-NFX4S5E64KRX)S"C22(#95CH% M.)CG10UI*\MT/B;M:;_2$%^@X2RTF\WU5G35-HOW%LD(.^O$8,KF(JL=JK[H M,:Q*HN8@\5^%%J0")/$(;+&\^!^7_&-)SLB;MW>O"VS]0+67ZDH/^`V> MDUL]P3QV`,SU+(+@?D:MN7"0FNWS"\$*T3W+Z%? M:8:YOF:IU7EF[(@\>^\\A0=,@)_ES"I4XX5A&7Y!_6JEUUFM8`C^Y$**_]B? M7]&!&[/=^FJ@\. M#_R5FD3@;H-7?*I1J`_$X.;87P[\($(9KFG@S=/HSY,%QHN3BC5BT%(5.@\9 M*3J*U^=`]*H-U=T](^J4E M,']@1=,91$-3PJL>*14+]%O]^-FM6%E5W453^5?[ETYS>@ZP8?3/`V0G?@)0 M2P,$%`````@`Z(J(/@=L2+NI`P``.PP``!X`'`!C:6LP,#`Q,3,W,S8P+3(P M,3$P,S$X7V1E9BYX;6Q55`D``\-\GTW#?)]-=7@+``$$)0X```0Y`0``Q59; M<]HX%'[?F?T/6OJR.QGC6\#`))G)FD!I#$ECR*6=3D;(`@MLV96$N?SZ2N92 M*$D:MIM=7HRD[YSS^9SOZ/CD#TT#34PQ@P('H#\'Q/U3Q'\!#;A)G/J(@!85 M\A0)DF&Y1S/,Y%J>AT*D-5V?3J=%)*$<$89Y,F$(<[4!-.T,J-_OOYVH("[# M*D0--!@!YRD#1@483LVHU([+H-=U@668YM)(6D2$CON08S"+(\I/"UO!9GT6 M%1,VU"W#L/4UL+!$UF9J8P<_M7.T6:U6]?QT`^7D*:!T:^KW;<]'(8ZA1B@7 MD"(5@),:SS>]!$%!$OH*7N!9A%II:YBFMC33TFRS../!AJ+$!&(39MM!25\> M%O*$`7#"D@C?X`'(W[$FYBD^+7`2IY&BGN^%#`]V?7&,BL,DTQF3+DU#/C7U MU`Q+LRJ*R#L?,X+Y%8WF!:`B]&Y:S[I0Y_K2H*"?@3?EY4:0'T(KQRM6.2?( MT(&T?JS?.OVJ<*6<44!B3+E4A1;@`9Q$H@!68?;(*1^$"EV:Z"N,OF_^'Y%- M8DCH/^:ZM,ZK_79L0^F"H4D?:YO(AQ%^RH&^OI[>*L5Y:K08QWW,#LSOCNGW M5GH+FC"*#B.G#%:4\HO]\UW[UO[R^1ZED]D#+56#A9,-'^:T5Y],FPZK.I?6 MJ->=\\C)T,*(/HBC17)!6I]BD5J7CN\YUV:S#IU&1H:L88Z,5JF.%F3^X*'@ M:]>&/.U=.;;GD=T>W4WI8S&"G$Y:\ MIMEO>Y62R-Y?'S>NO,#_V`LFWD7SZ_C.ML*Y8P>F:;7;W!W^ M;8?GG_0>2C/S"W#]F]7XDJ6234PH44/"DT79*1>>"4P#'*P+IK+ZJCMUTV32 M?Y2@':>1&DD)6_N,8!]'IX4`D\<+*HB8UU=M_H1&!)PE-(EEA*54)ER?<&T( M8:H44]6I[/-\);TIW50UPUS-J7=[`;:ZZM4L$1D;P:JA8$KL8 MJU)=K/[(MM_\Q]$]I+$3C8?M3GP&U!+`P04````"`#H MBH@^4!Q3H&\I``!9*0(`'@`<`&-I:S`P,#$Q,S`L``00E#@``!#D!``#5/6USVS;2WV_F_@.N MSY=FSJXE.XYC3Z\SCE]:7_U6RVF:)]/IT!)L,Y%(EZ0O7[\;DZ'I.$QP&L^3,4[I#VAS\P=$ M__?/?WQ/D1PEF*(X0*=)B`Z?$C1XBP9[!X.W!Z_?H/>W1VA[,!SFD\B,:1A] MN0M2C%YFTRC]SS<59"]WR?2[.'G8VAX,=K;*@=_D(P]>Z`^U\5]WV.CA_O[^ M%OO7Y=`TY`TD8(=;OUV!9LAE&:!=&8(DC#@Y3]>!Z/@RR,(P6Z$#B" M_FVS'+9)?]H<;F_N#+][22??_)#O'$+?)_$4W^![Q$@_R!9/^#_?I.'L:4HI M8K\])OB>3\DT2;;H_*T(/]#-IUC>;A)$.9;_*WZ^QDD83TZBR3>(CGY_<[8$ MQT#-TZUYNOD0!$\YM&EPAZ=;K_G MA)(:C?@EP]&$`L]_I2`$TIACH+*_%"P*.A[7@$ZI6,=)"9-A_L\WX_#+@'P2 MPYV]G3>#/X[(GP?[;P<[PPL\N\-)?9MJ8S?I%TT&OF6[(0&S7'"YY!IEYU_#&]F[+#@0R/'L@F1YOO1]_\PN#-#) M[2GZ5O"/K[[/::AM.?WA,*GO>Y",2SK)'R5K*T9LC6-R*#UEF[5EWB?Q3)5C M6:RT'\57;8TMY/)(\;D6;P;=F%/=_K_M_@_8EV'PP8XHT)WA[LZVT0?;`N/C M@VT2T?V#[<F/+2O'X MNX?X>8O<;D0>!N2_5"X&FX/MS>U<,KCPJF*Z-G'@80:$8/08)/@QGDZ(LDI& MI>C;>_K_3T$X01.BJHZSZ0)1YJ`%(0V%1+%-LQF.LE?>S@T1GZAH@*O7$(BK M[!$G)R]/.$IQ>D64^L,TQ5EJ*!80U*W6![`2`,@`>Q:BPRB:D_^EB>#NCP/LOO$O0A"`E$%)!QQ;^B&QS.[N9$M:6<\7F#"'E9R!"\-5O=WX<$ MGG7A\7J%6)4:7PJGD"N%&-B\2\AGD7\55TGM4[`F$@H(M.\7!8.,QH(!J5D= M(*G*">)8:-3Y6`B1XCYHWDS%YIR\!-0F=QG?X`F>/5';ZT<<)(.AG7,&!F_] M50.:/Q2H`01JB#Z>'-[X4UQ4>50_=<2KU'C1U.&N03PJ(N%+)KK(@5#^C8(K3H\<@>6+*%*F-R]83I0 M!9I%&`14@D`,!LJ!H&\#HKPB\MH9$U4O(#_$]ZB$BAC85SXM*9V97S>O*F^; MUE.I8IFF)IS#NS2C\16&<@A!=2=S``6*]OD#GT83"4L*Z1`M4$L2>B?')N8JM,1Y]N\4OV>P]> MO@IL;6HYLFW1$S1FH[X-7G!Z%1V'Y'P*[^94?4YYSO_N!XP$NLOS1DP*=/PP M$SZ;AN((U2;Z/(C4N%:>2PI+UY.>BSC"BSQZ8H2?<70<+#Z&>#HY"M@;S%13 MED!W*#T24B"5F,Y"170)FX?(1,1F;J!B;OM0=-O1GL*:HW@[W>J#>K[>>J-\62-,^-_-E4?2Y%-S@/J<&3X_`YG.!H MDAY&D]IYQ=Y4-*C!SA-<'[VSP`0S.B4O]=H#G1Q$*]!H"9MYG&K06T]Y;V&K M%@6I_IPWVW!-SU5^HIY%$_R2?V-6/!(05)>6)2X%@&P>GUS?G!P=WIX(%:K_QKG-S'R8PFD=P&=U-\'./T!M]/\3ACDGD>!Q/3UY\: M#E1*?5,T'!P5X(>324B/L6!: MD61[XL4'[T&RN(0H"-5J7JG*LYD"LT1*ENY;2AG_$@.E*Y M.*C5[-$;B`WVY4T7,(%KC#965]X%"=60LO/X*U&.?ID'-,MSNLAO0$/^BV$[ MD@0A$8!,Y&/1RZS`8>768#59?9H#\N MLX'893:PX#*SY1YO@7/O"I-YQ,MA7CWAT+8W0L;;OF_3,(BC>#J?19?!S#0@ M!X;K)F551()JKF(^HP>N!"F3^*$1C17K1'!5CY+A_K[-@YZ!\W304]Q*!ST= MV).#OKK]G(-^N22]<^`Z3K+[>!K&MP16_(P3*O3OR/`OID8+&+!#YL-40+:* M<@(J9^3G`&*3?O?V^)#SJ31,B%>L)R54?;R-CX,,YT)W7J514T#X,!W*!I<` M0"SH6)3%B(XNSH@-Q"9XDP@A3PIA@)>H>5JLK%[709I1(^IE3`U>(9F`3^<$ MAZD"H83"Y0FB0(^"W9/.S6WI9#8JIZ-\OO\79Q?&MBV@XHTQ#U\@=YQIPD`+ MG#\-!,H2:&D@._W10)KI`MPEZ3&:5KJ+(QQEP_54Q9##=^>^E=("B,9J'H** M9K@6$&6V%1*CMG13%^\%#E)R[AS'LR`T-8*"8!U9/2'\@(R\PV0TSL,K?3E. M9)QH7QWME>F8)BW*T+$'#@7=5?;DGD3IE\N8_(JH24_POL03T99D,U-M4H0K"/E`,(/ MB`4=CNKC43ZA]?9T+`\R_A0R(5ROIC?SZNXS9I6U?\+!)(P>#$6B!<[A%='$ M#57<*X>A3\5`K_X-B`%ER3W>HO2NA-O',,D697*%(:,;P!Q]\76L4%$L-FB5 M&..3N_P]+WC+68UA[-31-$Z)D-CR7X!@'4=,-?%#K[\@8VV\;"X M#!):+?`9VSHQ!(`=:@(P%5#X0S$!+6?TP^,IYU,9_2!>L9["("^L1[UJ5_>W M.)F%46#!UJ"#T:%<:9`G+<&(XJ1>>!&QXRD'MY$[6^-[5`'IZ]5J(`[*E1KY M^Z=I$1O_.0^3O+8!JY8234J+^[L@Q9.KZ"3-PAG!:/H0[H+)G:.E`U60-ZZ` MD->]8'%AE7JA1#H9')KIN834?$J[-KIUYWEIA>NX6YKUSAO%\RV6/(VN, MH%#Y/$\<+J:PTM:\PEXYD![D!8LX!S5(:+OW=)]W/X4/C^U4"GIF6GKH"1`X M?O+!E`"B5$QHI@9(MT%3]J1'1SANP"LFA$E9!*S+T]L*X MQ]GLBBW7W*17WE`W1$[RYG)%/N_1/$G(\6G'XP.#=W6SR`B1Y#.@B+:$4L9'X5D86=L<6OQ-'&>,(\\/G("3_$$[# M;/$!WXW"C)9:($RV6*Y%@,-'40V0&I7*&I7)B,Q.R6Q43.]5@+F84PV[ M$[!F/5UF&;\TPDQ5LE1,`03KR$P)X9?&G!7C#[RINS*&-./.>`O4K9S"O[W, MNPZ`<'VK&V`7@N&@$8'8.F()16%LFAAA@0`/[UQ]:F7O MX0V4PT8E<,2@HR5X1(4'51"@)0:4H_!_(-J3JL9;VW#?C?T+K`ZXM7)7(%QG M%S)(@L*!^HG-Z(F#@,\8H)![VU#3.3`1:,%C*!$@6%?]3@#\&NV5O&GN,M9( MFBBMI]"RU7-#&8TGO1ZF2*O:,N>@Z4UM9>&QTVE73"MNDN5LF]H%F^#\E5;> M5BVMO-V3>E?5[>>75MZVJ($4&8^6S($RZ'XJY_%(4>Y`4\SS9S=4Y!B@H/"6 M;5X2;^G&M!`!#\-UYT.`2%`Y.S96_FG?`>]2%G'.D_9Z+=P?-NLE,G#^[@^U M>HET8$\87]U^_OUA4B^Q>;Z\3W%:I$N<$J4D(6C,CP1%)%X,A@*"E.\4.AV5 M:3,%`'13/3L\WS%BK@)7C6!33`LK7D6L$--5DAXYF_ M@F8NG_Q3LV5ED#%(B M6DJX3OR&A8`-EQ$:PD1![TZSZH96@C!,LSPM%X/B@G1VC/"PB[@JJP#E@\>2 M\D_@$K4,^GD6^M%\-I^R@C#5%M1VNYY+<#BN/B"F1E*'8#6YWLL<[E#NIPR! M&EOK!0D4-D8CA80*;7'QV(OE:P!T]\)J(Q><,5OY2*_-TN#MKQPJG!5I5B]I M]"6WQ'(8KK/K!20!/#`J?9M[(`=2UD"MY8VUP>;[VVYDKPRZ1U.^6M1OV^SB M/018D6.`?04.#3:5G(ILDLLI>L"FT0<*"-Q;6P!*E,6G=O(4DWLC2C`+`6D" M-D*W_\5Q/)[3@G*W9!Q7>$R;7]00N#I\FH@ALT@Q!-$Q7A14B`5EMXO6(K34 MD%,B0)?#P-(-TX3F3.5H((8*19)1Z')S>.A5O0"VO"SKR%F)CBI1!D4>1I/U M:A4=$+EZO:J3)$U`I24:>ZAV=.=N(U96<6L<53ZR&GQ@C+_7YGR58`9#FWX- MQ=_)L"\,D+"RUQ9:7^]9#*1@X/PUGMQ3;3RYUY-`BNKV\QM/[AF\P58AG$6A MTM4/IG8\`617EZJ`!LBNMXK2!6O1SEBI6CH2S_#DE;\P7@7FE59`R49TO3.K MRKR@SZ2MU]:JYZ3KYY:PV^0J8]9KBT$^(YIOKD9W2=U*HZMBQI9T<0%@A[<$ M3(6LM*B@7/6!]PA_`;L:Q42!A6O>*DNGPS'.@G!J-5M$`MRI1QJF0^XW0OFT M5C:(-P^2B%941;D4A<,$VW(\$.-DRUCJF?"NS:$!=U M/!Y=DB!1RMZE"@044!"T1F\>))[TQLLDY3'@;!)OCWD^$GF+[]NUE.Q[M)3L MJUI*]OMC*=EO2`!W238::EMOG"<%[[C5`DB(HK8B:Z3G6WN1=M13V@<-7T/9 MJ6_9UO&(4AW17\V-;A+@SG0:,1VR)HRK;IVU:?[S3-1XUVC)*-@#"Z;Y-W8O MG#<>+YPWJA?.F_Y<.&_$%\X;@PNG='LNCQ[+SN\V7&?'`TB"U+>]G.$U'$+* MFH;GFK_.SE\_->>>1%F8+=9HOR]?5#VU]:VEL+T(IN M&A&!P7DA,)C)'32")CB7;9@;N"&NTF%Y53A_S!7L?'F?\U9C=K3G]T1Z&B<, M[F6<7;':;Y.S:.5;LG34%7.QTC19#]O&]K-"@^;>_RBNO+;Y%&#A_]59>J]9;>=V3MTAU^_GU5EZ;6#DYD6CK*V+@.O960`,D!OD, M5!.'`Y^B(&>0(*C0,'RV]JVJ]P*26D%]/UQEO8!@NZ>AKX00 MO6OWNMCU>%WLJEX7N_VY+G;%U\6NY>M"%KB\KDY`JHB]MJ%3)'(]L?,Y;&_> M77-A,0B7;T0?Z+Z5K#Z/*B\BAP\BM3=0^\WCY[TC?.(T7C4Z)UC]L62]R:$4 MO)_7L'*WP^:36-KST/.[6-K[4&D?-,NC6)<>`*BSK`HN>E$Q)KEX>`AZE4=1;1#M?2^`O2R<%*O?XW>`'JEH&409VMK/CE&T@]'-(\*F]H1Y7!,C^X]L&-+/ M>+'&BZ2)R3)X4MHKWMR M`ZSS%LIU_/+@(/2)CNM#"V4^0UI]E#D+U"ULQB2+?/4LCV5])\,2@Y,G1@LM M9&TJQO`Z-/HY")J]/,Y*4I.>_Y7/GGLXC]B1TQ14BGFU[E3DCTUOMY M':M13J1>(E_V/Z^.J1!0"5DV:XGN.RM[G?(-)'2OC<-:UIZEW@\KZ3K/M)5" M[OA])E+)5Z,.?$4"`/O=>H75=?%__N/[?VUNHD\?+G[=^?W3;^.G^\\/'1?3^>/[UQ[UD?^_G[<_O;Q?I=.]Y_-=@^M_LWW_%)^'9_\^RI^V? M]T;G>]?#'X^#O=/G\"$Y'7X>G.T>C_\*%Q_/QY,_;W>"].G]U=ZO3^.OM[^E M;W9'MY]__1J]?O-R\G'G&M^/?SZ]W)X]/QW]^.7+<9R>_?C?[/WNX2\/5W_M M__3S^.G?#\'EOZ/)Z->=QXOG\\7[ MD_%//SU_N1VD\[]N1X>W6_,/)[M1\/IW=#2ZV=PTJ`=V0Q6JJ_N*:F4[2$*, MPD.-,!$]LFIA;"XM$5;5E7L7-:'$U48!,>FN:&K;M#G-VHK/R:`[E"X)*9#R M36>M%.^8S"NJSWFL$Z7(LU+U5EBXGNQ(&Q]1A8!>_$DX-KVON^%RV->F`UF6 MFF/1XZV$BQC@5]X,.UHBH-HWJ[5W>HW:EATPFNJMK8M4"87#HTZ%'I6^2]47 M5=LT[%S2U/G8;L8DW@>]X^_V,4RRQ7&P^!CBZ>3Z,8Y,#SD>1$=N(PYJ0$3R MD8@,16PL8H-]O5($3"BD`%J9IN>`.9T>X^D$)TP'LWF0B&$[D@0A$2(O8CZG M5+@]'Q=*;*I6'A"NV$'S:IHI,1@:"I`&PEYVMLAILYN.D\/\._2NJ(N"1O9- M9?NTBN#<)BQN<[28W<53KDB:>L/K&)QYPVMHH?LM'X/R09Y.,)`+I2>\O1(' M9U29U75>)=AA*F&.UV?:NA*%ZTDC9*!]&J^,)<4@CW"UKQJ>PHK-S&H+%ABN MP^+6``D*(01=NZ]X##00-E\1[X%1,XZJZ>RG8'+RDB5!G)"#-T@6Y>_O,([. MHO%T/C%NJ*J/UW$^8W<*98;[AJ&5@$0UF*M_HE!1";;MI_5DT=<6E6:?$*V- MU3@4+\@[>)%;2$;X&4?E`]E:M(T"`D\H4!)@#LOK<>G`Q"E8C!:CB[R M-CW>KVK,:A2L$2S:M-JRM9,'`.KLW:J?3@)_5:VIVJ&-P9G:HH84$H1R#Z""/9@V'2*C./,#R))F#/:%L=,^N8W.7W#GY/3]6D$U/A9P^P M+1I2=A3/G@C\*-L!8JT,)4P.WUW2F906*-EX.:]AZO%GNE%F6R%#:DO72EZK MUX8 MRA6!+UC.8AS%>CBMQ>JZYVIWVNS'>E1*KO;846I<:=6POVNC*K'-=F<,G+^: MT6KMSNC`WMP\`U&[L^62W"E[IQA_"$(:BIWZVD+05V3P+@ZMR#\6E+20_E0E`U7+Z8SM@;R)PMGC3[>/D:>UBBT M>SG60/]=(D^YDJ)Q6[;W54/-J^<>63/\@&"])(M)C4&MC+&^U"^2L8>;06;) M7%0OB+YM\=W-P/DK5[^M6JY^NR?O[NKV\\O5;QM8?.N=+R[C57BR%2N@%+R? M3B=M0M0ZG6R@RQBMIFZ@X8`I3*DWJX$J_[B-3H!ML%#MS$[O`PBJEPK750J4 MZX`5X_UY$26,`2IKM5HH=96'JJY"DV1P\AR.\7#[;DA36*VYGI71.',MJ%($ MJ<*5Z2B()J@`@+XE(#:'KUCZLK?#IBM7"^GJM"&75(`V*$& M`U,!2%$^H17,O8'J]D3'TB/G4B$ODO7J*3J-+/JCP$:*'0#4E5+#1Z]:!*$8 M[CU'2U52I#`8&K@OM22KH7-?56\U&9;;**H5;J9RP?WM:# M-D6071TN`AKDAA1)4*8O0XHT$%.V:*WT;O;D>I?@X,M3'$8948?&-(O95/D5 M`'9?%I-#A>1)O9J!EE,\IRO*655_1D.+UM-0FH?5T31.R2-L75=2"[RK@T5& MB/)]5$SL3?E4508"EQ-W'\RM^E8473Y,A\<,EP!E@WX^W*=L")G"-^3755R- M`^7J[C,>T\J5UTDX"Y*%K9,$ANNN)R%$`E0HMQR_@8H9_%/#=:E<&8?*(KG" MY>J83$J/N=4"@0!0U\F,2C4!5RF,G+92GJ(28\SC%+'G2D/UU6`Z;Y%7QBI*5Z""49\#ZK[[!W?E* MRE)]15K,;4G+*&1]?8JH)]M?>P.ZGVKH/%+DGW^M)GKIZ&%`4%A"Z45==!$? MH3."LQDVXEPL]0\!@/J):9&T"FE$LGCL#R)F!3=0I=D-1.>J(,K)693.B19R MC)_B-"0#%^2'+,SF%DX4%0S.7L<*Q(CN&JK!%G/1:C*JS/9LI^W`SLJMI+(C M%G(4C8ND-\'YRU&$2IRWU9ZW MJFK/V_ZH/6_%:L];HSZ*C4>Y#8T'`.JL#AT7O::QI:GM>+>Q\#0=P8K-`B@O M<$`?58=-%>I(0=5O>(J&86S MG2GLMNNY=H`.$C0:F8MB>VWV(FIH*.WW4 M&YSVH=XMV.Q4OG9-J:F["SZ$V>,JL]5JB%,'1'[<0"*25).<*8Q*FG,[0LJK MQTB%NUPODG1K]..H+H,D84W"+*!H+KS(@(40)GOQ6A4#/=ZKTA84J:["Q:H MY:LK[B?KB>XP7-=ZJG)B>ZFG+B?T34^5IK6+5ZP?PT3#\Z^(*D8.H.BAU&BL M/I_5\3AW_RD0)?8+LH2.)825ANL_OZ@S=VM.1-6-<7?\BZN8#7:@LN^R:FX[ MO2[F-M@16C>@;3`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`25:_2^]!M*JLT]JP[%QJ'#45VL- ME<6P'K:(@&7BC=!R"M M9AU-W(U?-E+P_6CB#KYT9)Y(S\\?5>ZIN2)W;=A$B0S8+6,\]%C&>*A:QGC8 M%YMH=?OY,?\F-E&.FFLS3$H*WJ-G1B52JA^14*I,@I\NW&BHKK*R;#PVPH3> MR3J:R'$@NY(0`0WR/G++.;U)'U5@5K.?'+!P_4(XG&MI7;5QU%!YM[!UKI_# M5U.D!0YZH[6HEME1WRM=DUS]SMRQJ]'L>-1H=E0UFIW^:#3-[%7NDLQ+4=O) M&N)!=&5G;:-6XG8QMM4>S"/7^8E%T`*ME/Y[MZ"O(#M"((+LY\E;HT$Q8O)N ML<'>MQM]D1`%AG$OBO;BS>HHY?%Q:RRF!"%P7U$)H$0]0+*^%C'Y,:S".*7)3\N![?*97O+?^1R MJID`V5ZD25+L6<3DD%E_BI_6Y@R2X70O,``E,M%I.HQ\R8N$>4W)$:U6LU5F MI4PW3=XVO,9X$!U=61S4HFH,M3+K+`6_U6O90WD&@!N5,@V\)5JQF0SVK=I, M"#A_79WV5;LZ[??&9K+:?GY7IWVO==#953 M^VPZG:>LWF?Z:Y"$P5TX#;/%U7W.9HM-E3K@="=36O0IO#$JP%`%&JJ`H^^. M`J#W@]Y(--K/CXY;J27-C30=FPT`&3A_251J#0#IP)Y<%=7MYR=1F34`9$4* MRM312K$"5IH@>\2)(>]5,#BLKR(E1E+:HIQ:KW'1+&?QRMO-UX&A]3H5TCW1 M"84M:UW;B7MM0G,F-@W$LEKDO.!53Z7(^7&JO/7HL)<)1UGXZQ)_I2^4=P$K M<7*29N&,7DRFL20J*!Q>)RKT0`$F=.JRX-L&(K/92W0#,0"T0,X2A&\C:1?. MEH$GJCNS_G*VHY#I2460E*GRHH^XG[W7ZT3:+5A0A_VWZ+W.%Q:-R@6JBN!_AX( MRFPK!$IMZ5H25&;-G<=?B6S^,B=_Q,ETD1^F%K(6Y/#=29"4%N@V9./1XI05+*N49^I'CU%BH^V+$W\&%ZJZLHMCXT8P/;1@BO/AB^(0)>H%&V M9%H:LW([ENV.:#!XQZ&C("%B&4E75LQB8F_R7%096)Y:MLBP^Y$#=>;,>^;X/PY1B%>MQRCN_UQC+;XS5N2WM?>ZHIH M)^\$!.O("`?AAUP6[9:7/U\MEU$L$K9L5<'K@,A_09HF29JE:=XMRMP]!JEY MH/8FYQMBM33CF[M/QN4'CJ9Q2L[S]10<:`'WU(JE28>BS:>8QG_->Q4HB&M< M(>*NWJ`!2TK^2_:-A4Q>W5_&48+'\X3VW#D@T!-6]?[Q!@;2*<#'^P)<$2/C1\'_S5K<4 M@V()YV1>^362G\C?[H(4LT/G?U!+`P04````"`#HBH@^5D2$;.4$```Y)``` M'@`<`&-I:S`P,#$Q,S`L``00E#@``!#D!``#M6EMOXC@4?E]I_T.6>=E1%9*04BYJ*R$*]$)+ MAT`O.QJ-3.*"(7$RM@.!7[]VN+>D#2W0'2U]@3C'YWS]_)U+(H[_DF6I`C$D M@$%+:@TE5/R;.5\E62JZCF>82+K`C-\U&>I#OH;[D/!K?K_#F)=7E,%@D#2Y M*341@=3UB0FI6)!D^502?W_^<2R"%`D4(?)2F2"IX!%)S4IJ)J]F\X='4K-1 ME%*JIHTW\1TVPKT6H%`*'!O3D\1"L*!%[*1+VDI*575E:I@86^8#L;!D/]!# M:RV7RRGAW9DI1:L,N5M->;BN&F8'.D!&F#*`31&`HCP-%ZNN"1AR<0Q<4J2% MN)*G9K)8DK64K&O)@%J)TS%SDG1,7!O6X9,40L^SH0=/$A0YGBT0A6L=`I]F M2,(8%)K)MMM7".&A-)5_RN)35E-R*BO\?ZDCVJM#YA.T0$$=ES;@J0,UP*\:J;9%R7+)U+$-6M`^21#R<^Z@ MT*),%/J/L+7:X5Q4ZR`K\%8#VK"`L0_LL<,*QDPV.\B>G?$3<9TW3H*Y;Q+B$IX6)XE#-9F>U1SE MN=9.MZ/!20$^7>^$+8A^5F$;V"7,$!L6`D17GBL#@8M=AT<8D^I3Q:=R&P!/ M<)M3L(O'5]RA:*,Y6=4F;?3+JAC*FCA-U%/Y2*#I&?U(_6GP[ZJNI?74-71: MD"Q#7K(5RM.X[5AW;[B9=:_=RNZ50Q"B>^M_GZ@NE507&\>N=#?NL.\K>[?$ MI1XTF4_#MA*ZBI1@_-(2Z?9CJBL*YG-93OZ'5/?"S2>I+@;_+]7WDH,%]4D< M_1,D!%K5,7^1Z$)H_`F&PM!RJ3?O2KBK1Z\U%<))?.%G0RT\VN^B8&+#Y-/: M/>"/CZ1&ZA`Y+9^3[W`Z:WRI0"ED'\VZ&`'F^;=;G;]Y1)/>'H'SSB=,X:9?KMQR%NGOF#2H;D M,E>I;K,QI':F;XY4^Y(=C-P2NOC'85[J*F-4,[=:Y0QDRGW4)F6MJUZDS\P1 M&CY63>M70P?4:]8R=YXY:#S0H[31Z-X-\.%14'K4;^&3>56^23E]KUCI]E&Y9,UTX5N[-LJ=7YG>01O<'&!+&W;,&ZWM%:^S;JG8[#H/8-2M6QU#9_=E M/P`W-YUTM:*UKJO9-.N?WQZ6:U7+^-:T_&JI\JMWKZH. MRW4U*-5-UV@:H_2Y9ETVC-H/J6C4)Z\U]MF]S^Y(CN;)K$6VL^<#<(@P/`H% M\RE.%`5E/P_]S^;AU:]V7G7*X-GCC94,*.\ON^UQC[3]IGV:9GV[,7D MNP2\[&-#.1;A5'G'W+3LZA$"HFH;13=Q^7D2?OT$)C/':AJBGB'FKW`VP;>^ M>;[UWY!O/9IO?9GO?0'8%X#=%(!9OD<_9<1J7?LJL<$J,2L*.SZ4_2RZGT5C MSJ+'LY^TA)?_`E!+`P04````"`#HBH@^J&4)X,L#``"R"@``&@`<`&-I:S`P M,#$Q,S'-D550)``/#?)]-PWR?375X"P`!!"4.```$ M.0$``,U6;6_B.!#^?M+^!U\^W:D*>2L-H*52!85VH=`MT)9;K5;&,<$EL5/; MX>W7GYV04DI;[:Y6J\VWS,PS\\R,9^R/?YLF:&.*.90X`),U((U_9/PO,$&# MQ@"<_6O]#,IDYIE+9?+$E*F`A&.!4LYPD(+@&F>`OU] M^.NC#M+@6(>H@18GX"SAP*X`VZ_9E=IQ&8R&#>#:CI.#%&(E:@+-<`S!*HZH MJ*TF/")UXUE,+2DQ'EJN;7L6H4)"BK`!).0AECT88Y%`A/T[%V`9`9&[;2N;YWHG]O:"5V+-<>@4AQ[J_Z@ZR!`K;5)ARG>`=(DL@%5:A MT+BJ:3NFYSSYCPB=OQ;"J5:K5J8M3`\L]^NCU1,H5'UPA&-,98OQN(FG,(UD MW7A,842F!`?&LW('(D4AQSV8SC:=W8:XQ9=.!;!"9.)R_8G.2J??0[[F^I%!R5' M(>P=T12DW?/VX_S.%^C$:!^RD:[]X`;_"0 M<,4HBU6S2\_@(81)AK9P)'<.S9W#GV*5N:4XU!>W=E\Q59+OD-LK4L1Y?L"V M#LR=@R85CB>8J\=%-M!%>6L!BR&AEQ+'0_5O`#@14C^5ZL841MD4ZF=+ M34TG8<$PPP8ISY@:@))(72AZ/B5/]<%+%9K(5&O;G*5)W;(UO M!_2LO2'&UL550%``/#?)]-=7@+``$$)0X```0Y`0``4$L!`AX#%``` M``@`Z(J(/@=L2+NI`P``.PP``!X`&````````0```*2!$1L``&-I:S`P,#$Q M,S`Q0````(`.B*B#Y0'%.@;RD``%DI`@`>`!@```````$```"D@1(? M``!C:6LP,#`Q,3,W,S8P+3(P,3$P,S$X7VQA8BYX;6Q55`4``\-\GTUU>`L` M`00E#@``!#D!``!02P$"'@,4````"`#HBH@^5D2$;.4$```Y)```'@`8```` M```!````I('92```8VEK,#`P,3$S-S,V,"TR,#$Q,#,Q.%]P&UL550% M``/#?)]-=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`Z(J(/JAE">#+`P`` ML@H``!H`&````````0```*2!%DX``&-I:S`P,#$Q,S'-D550%``/#?)]-=7@+``$$)0X```0Y`0``4$L%!@`````%``4`[`$``#52 $```````` ` end XML 8 R5.xml IDEA: Risk/Return Detail Data 2.2.0.25truefalse040000 - Disclosure - Risk/Return Detail Data {Elements}truetruefalse1falsefalsefalsefalse3/14/2011 - 3/14/2011 c0http://www.sec.gov/CIK0001137360duration2011-03-14T00:00:002011-03-14T00:00:00ratioStandardhttp://www.xbrl.org/2003/instancepurexbrli0usdStandardhttp://www.xbrl.org/2003/iso4217USDiso421702true0rr_RiskReturnAbstractrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0dei_DocumentTypedeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00OtherfalsefalsefalsefalsefalseOtherus-types:SECReportItemTypenaThe type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other.No authoritative reference available.falsefalse4false0dei_DocumentPeriodEndDatedeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002011-03-14falsefalsetruefalsefalseOtherxbrli:dateItemTypedateThe end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD.No authoritative reference available.falsefalse5false0dei_EntityRegistrantNamedeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00MARKET VECTORS ETF TRUSTfalsefalsefalsefalsefalseOtherxbrli:normalizedStringItemTypenormalizedstringThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 falsefalse6false0dei_EntityCentralIndexKeydeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse000001137360falsefalsefalsefalsefalseOtherus-types:centralIndexKeyItemTypenaA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 falsefalse7false0dei_AmendmentFlagdeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalsefalseOtherxbrli:booleanItemTypenaIf the value is true, then the document as an amendment to previously-filed/accepted document.No authoritative reference available.falsefalse8false0dei_DocumentCreationDatedeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002011-03-18falsefalsetruefalsefalseOtherxbrli:dateItemTypedateThe date the document was made available and submitted, in CCYY-MM-DD format. The date of submission, date of acceptance by the recipient, and the document effective date are all potentially different.No authoritative reference available.falsefalse9false0dei_DocumentEffectiveDatedeifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002011-03-18falsefalsetruefalsefalseOtherxbrli:dateItemTypedateThe date when a document, upon receipt and acceptance, becomes officially effective, in CCYY-MM-DD format. Usually it is a system-assigned date time value, but it may be declared by the submitter in some cases.No authoritative reference available.falsefalse10false0rr_ProspectusDaterrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002011-03-14falsefalsetruefalsefalseOtherxbrli:dateItemTypedateThe date of the prospectus.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 1 -Paragraph 3 -Subsection a falsefalse11false0natruenanaNo definition available.falsetruefalsefalsefalsefalsefalsefalsefalsefalsehttp://xbrl.sec.gov/rr/role/riskreturndetaildata1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsetruefalse{dei_LegalEntityAxis} : Market Vectors Colombia ETF 3/14/2011 - 3/14/2011 c1_S000031532Memberhttp://www.sec.gov/CIK0001137360duration2011-03-14T00:00:002011-03-14T00:00:00falsefalseMarket Vectors Colombia ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000031532Memberdei_LegalEntityAxisexplicitMemberOthernaNo definition available.No authoritative reference available.falsefalse12true0rr_RiskReturnAbstractrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse13false0rr_RiskReturnHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00RISK/RETURNfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 falsefalse14false0rr_ObjectiveHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Investment ObjectivefalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a falsefalse15false0rr_ObjectivePrimaryTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">Market Vectors Colombia ETF (the "Fund") seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Colombia Index (the "Index").</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a falsefalse16false0rr_ExpenseHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Fund fees and expensesfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRisk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph d -Subsection instructions falsefalse17false0rr_ExpenseNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown.The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph b -Subsection instructions falsefalse18false0rr_FeeWaiverOrReimbursementOverAssetsDateOfTerminationrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002012-05-01falsefalsefalsefalsefalseOtherus-types:dateStringItemTypenormalizedstringThis element represents the date of expected termination of any expense reimbursement or fee waiver arrangements that reduce any Fund operating expenses (SEC Form N-1A 2006-09-14 A.3.table.1.11 Total Annual Fund Operating Expenses A.3.instructions.3.e).Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph e -Subsection instructions falsefalse19false0rr_PortfolioTurnoverHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Portfolio TurnoverfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 5 -Subsection instructions falsefalse20false0rr_PortfolioTurnoverTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">The Fund will pay transaction costs, such as commissions, when it purchases and sells securities (or "turns over" its portfolio). A higher portfolio turnover will cause the Fund to incur additional transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, may affect the Fund's performance. Because the Fund is newly organized, no portfolio turnover figures are available.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subsection example falsefalse21false0rr_ExpenseExampleHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Expense ExamplefalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringHeading for Expense Example.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 4 -Subsection instructions falsefalse22false0rr_ExpenseExampleNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. This example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThe Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 1 -Subsection example falsefalse23false0rr_ExpenseExampleByYearCaptionrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The example also assumes that your investment has a 5% annual return and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 2 -Subsection example falsefalse24false0rr_StrategyHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Principal Investment StrategiesfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringPrincipal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a falsefalse25false0rr_StrategyNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark index. The Fund's benchmark index is comprised of securities of companies located in Colombia. A company is considered to be located in Colombia if it is domiciled and primarily listed on an exchange in Colombia or if it generates at least 50% of its revenues in Colombia. Such companies may include small- and medium-capitalization companies. The Fund's 80% investment policy is non-fundamental and requires 60 days' prior written notice to shareholders before it can be changed.</font></p> <p><font size="2">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 Index. The Adviser expects that, over time, the correlation between the Fund's performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation.</font></p> <p><font size="2">The Fund may also utilize depositary receipts to seek performance that corresponds to the Index.</font></p> <p><font size="2">The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of March 10, 2011, the following industries represent a significant portion of the Index: energy, financial services and basic materials.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringPrincipal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a falsefalse26false0rr_StrategyPortfolioConcentrationrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of March 10, 2011, the following industries represent a significant portion of the Index: energy, financial services and basic materials. falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringPrincipal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a falsefalse27false0rr_RiskHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Principal Risks of Investing In the FundfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNarrative Risk Disclosure.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subsection b falsefalse28false0rr_RiskNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. Therefore, you should consider carefully the following risks before investing in the Fund.</font></p> <p><font size="2"><i>Risks of Investing in Colombia</i>. The Colombian economy has experienced high interest rates, economic volatility, inflation, currency devaluations and high unemployment rates, all of which could negatively affect the value of companies located in Colombia and the value of your investment in the Fund. In addition, commodities (such as oil, natural gas and minerals) represent a significant percentage of Colombia's exports and its economy is particularly sensitive to fluctuations in commodity prices. Adverse economic events in another South American country may have a significant adverse effect on Colombia's economy and companies located in Colombia.</font></p> <p><font size="2">Because the Fund's assets will be invested primarily in equity securities of Colombian issuers, the income received by the Fund will be principally in Colombian pesos. The Fund's exposure to the Colombian peso and changes in value of the Colombian peso versus the U.S. dollar may result in reduced returns for the Fund. Moreover, the Fund may incur costs in connection with conversions between U.S. dollars and Colombian pesos.</font></p> <p><font size="2"><i>Risks of Investing in Foreign Securities</i>. Investments in the securities of non-U.S. issuers involve risks beyond those associated with investments in U.S. securities. These additional risks include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. In addition, the Fund may invest in depositary receipts which involve similar risks to those associated with investments in foreign securities.</font></p> <p><font size="2"><i>Risks of Investing in Depositary Receipts</i>. Depositary receipts are issued by banks or trust companies, and entitle the holder to all dividends and capital gains that are paid out on the underlying foreign shares. Investments in depositary receipts may be less liquid than the underlying shares in their primary trading market.</font></p> <p><font size="2"><i>Risks of Investing in Emerging Market Issuers</i>. Investments in securities of emerging market issuers are exposed to a number of risks that may make these investments volatile in price or difficult to trade. Political risks may include unstable governments, nationalization, restrictions on foreign ownership, laws that prevent investors from getting their money out of a country and legal systems that do not protect property rights as well as the laws of the United States. Market risks may include economies that concentrate in only a few industries, securities issues that are held by only a few investors, limited trading capacity in local exchanges and the possibility that markets or issues may be manipulated by foreign nationals who have inside information.</font></p> <p><font size="2"><i>Risk of Investing in the Energy Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the energy sector. Companies operating in the energy sector are subject to risks including, but not limited to, economic growth, worldwide demand, political instability in the regions that the companies operate, government regulation stipulating rates charged by utilities, interest rate sensitivity, oil price volatility and the cost of providing the specific utility services. In addition, these companies are at risk of civil liability from accidents resulting in injury, loss of life or property, pollution or other environmental damage claims and risk of loss from terrorism and natural disasters.</font></p> <p><font size="2"><i>Risks of Investing in the Financial Services Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the financial services sector. Companies in the financial services sector may be subject to extensive government regulation that affects the scope of their activities, the prices they can charge and the amount of capital they must maintain. The profitability of companies in the financial services sector may be adversely affected by increases in interest rates. The profitability of companies in the financial services sector may be adversely affected by loan losses, which usually increase in economic downturns. In addition, the financial services sector is undergoing numerous changes, including continuing consolidations, development of new products and structures and changes to its regulatory framework. Furthermore, increased government involvement in the financial services sector, including measures such as taking ownership positions in such institutions, could result in a dilution in the value of such companies.</font></p> <p><font size="2"><i>Risk of Investing in the Basic Materials Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the basic materials sector Companies engaged in the production and distribution of basic materials may be adversely affected by changes in world events, political and economic conditions, energy conservation, environmental policies, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations.</font></p> <p><font size="2"><i>Risk of Investing in Small- and Medium-Capitalization Companies</i>. Small- and medium-capitalization companies may be more volatile and more likely than large-capitalization companies to have narrower product lines, fewer financial resources, less management depth and experience and less competitive strength. Returns on investments in stocks of these companies could trail the returns on investments in stocks of larger companies.</font></p> <p><font size="2"><i>Market Risk</i>. The prices of the securities in the Fund are subject to the risks associated with investing in the stock market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.</font></p> <p><font size="2"><i>Replication Management Risk</i>. An investment in the Fund involves risks similar to those of investing in any fund of equity securities traded on an exchange, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in security prices. However, because the Fund is not "actively" managed, unless a specific security is removed from the Index, the Fund generally would not sell a security because the security's issuer was in financial trouble. Therefore, the Fund's performance could be lower than other types of mutual funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</font></p> <p><font size="2"><i>Index Tracking Risk</i>. The Fund's return may not match the return of the Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the Index and incurs costs associated with buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in the composition of the Index and raising cash to meet redemptions or deploying cash in connection with newly created Creation Units (defined herein). Because the Fund bears the costs and risks associated with buying and selling securities while such costs and risks are not factored into the return of the Index, the Fund's return may deviate significantly from the return of the Index. In addition, the Fund may not be able to invest in certain securities included in the Index, or invest in them in the exact proportions they represent of the Index, due to legal restrictions or limitations imposed by the government of a particular country or a lack of liquidity on stock exchanges in which such securities trade. The Fund is expected to value some or all of its investments based on fair value prices. To the extent the Fund calculates its net asset value ("NAV") based on fair value prices and the value of the Index is based on securities' closing prices on local foreign markets (i.e., the value of the Index is not based on fair value prices), the Fund's ability to track the Index may be adversely affected.</font></p> <p><font size="2"><i>Risk of Cash Transactions</i>. Unlike most other ETFs, the Fund expects to effect all of its creations and redemptions for cash, rather than in-kind securities. As such, investments in Shares may be less tax-efficient than an investment in a conventional ETF.</font></p> <p><font size="2"><i>Non-Diversified Risk</i>. The Fund is classified as a "non-diversified" investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). Therefore, the Fund may invest a relatively high percentage of its assets in a smaller number of issuers or may invest a larger proportion of its assets in a single company. As a result, the gains and losses on a single investment may have a greater impact on the Fund's NAV and may make the Fund more volatile than more diversified funds.</font></p> <p><font size="2"><i>Concentration Risk</i>. The Fund's assets will be concentrated in a particular sector or sectors or industry or group of industries to the extent the Index concentrates in a particular sector or sectors or industry or group of industries. To the extent that the Fund's investments are concentrated in a particular sector, industry or country, the Fund will be susceptible to loss due to adverse occurrences affecting that sector, industry or country.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringNarrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subparagraph i -Clause instruction -Subsection b falsefalse29false0rr_RiskLoseMoneyrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Market Risk. The prices of the securities in the Fund are subject to the risks associated with investing in the stock market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringSummarize the principal risks of investing in the Fund, including the risks to which the Fund's portfolio as a whole is subject and the circumstances reasonably likely to affect adversely the Fund's net asset value, yield, and total return. Unless the Fund is a Money Market Fund, disclose that loss of money is a risk of investing in the Fund. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subparagraph i -Subsection b falsefalse30false0rr_RiskNondiversifiedStatusrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Non-Diversified Risk. The Fund is classified as a "non-diversified" investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). Therefore, the Fund may invest a relatively high percentage of its assets in a smaller number of issuers or may invest a larger proportion of its assets in a single company. As a result, the gains and losses on a single investment may have a greater impact on the Fund's NAV and may make the Fund more volatile than more diversified funds.falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringIf applicable, state that the Fund is non-diversified, describe the effect of non-diversification (e.g., disclose that, compared with other funds, the Fund may invest a greater percentage of its assets in a particular issuer), and summarize the risks of investing in a non-diversified fund.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subparagraph iv -Subsection b falsefalse31false0rr_BarChartAndPerformanceTableHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00PerformancefalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRisk/Return Bar Chart and Table.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subsection b falsefalse32false0rr_PerformanceNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">The Fund has not yet commenced operations and therefore does not have a performance history. Once available, the Fund's performance information will be accessible on the Fund's website at vaneck.com/etf.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringRisk/Return Bar Chart and Table.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subsection b falsefalse33false0rr_PerformanceOneYearOrLessrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00The Fund has not yet commenced operations and therefore does not have a performance history.falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringFor a Fund that provides annual total returns for only one calendar year or for a Fund that does not include the bar chart because it does not have annual returns for a full calendar year, modify, as appropriate, the narrative explanation required by stating that the information gives some indication of the risks of an investment in the Fund by comparing the Fund's performance with a broad measure of market performance). Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subparagraph i -Subsection b Reference 2: 2 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subparagraph instructions -Clause 1 -Exhibit b -Subsection b falsefalse34false0rr_PerformanceAvailabilityWebSiteAddressrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Once available, the Fund's performance information will be accessible on the Fund's website at vaneck.com/etf.falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringIf applicable, include a statement explaining that updated performance information is available and providing a Website address and/or toll-free (or collect) telephone number where the updated information may be obtained.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subparagraph i -Subsection b falsefalse35false0natruenanaNo definition available.falsetruefalsefalsefalsefalsefalsefalsefalsefalsehttp://xbrl.sec.gov/rr/role/riskreturndetaildata1falsefalsefalse00falsefalsefalsefalsefalse3falsefalseUSDtruefalse{dei_LegalEntityAxis} : Market Vectors Colombia ETF {rr_ProspectusShareClassAxis} : Market Vectors Colombia ETF (Market Vectors Colombia ETF) 3/14/2011 - 3/14/2011 USD ($) $c2_S000031532Member_C000098031Memberhttp://www.sec.gov/CIK0001137360duration2011-03-14T00:00:002011-03-14T00:00:00falsefalseMarket Vectors Colombia ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000031532Memberdei_LegalEntityAxisexplicitMemberfalsefalseMarket Vectors Colombia ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000098031Memberrr_ProspectusShareClassAxisexplicitMemberratioStandardhttp://www.xbrl.org/2003/instancepurexbrli0usdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$OthernaNo definition available.No authoritative reference available.falsefalse36true0rr_RiskReturnAbstractrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse37false0rr_MaximumAccountFeerrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue0.000.00falsetruefalsefalsefalseMonetaryrr:NonNegativeMonetaryTypemonetaryInclude the caption "Maximum Account Fees" only if the Fund charges these fees. A Fund may omit other captions if the Fund does not charge the fees or expenses covered by the captions. Disclose account fees that may be charged to a typical investor in the Fund; fees that apply to only a limited number of shareholders based on their particular circumstances need not be disclosed. Include a caption describing the maximum account fee (e.g., "Maximum Account Maintenance Fee" or "Maximum Cash Management Fee"). State the maximum annual account fee as either a fixed dollar amount or a percentage of assets. Include in a parenthetical to the caption the basis on which any percentage is calculated. If an account fee is charged only to accounts that do not meet a certain threshold (e.g., accounts under $5)Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph c -Subsection instructions falsefalse38false0rr_ManagementFeesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00500.0050falsefalsefalsefalsefalseOtherrr:NonNegativePure4TypepureManagement Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph a -Subsection instructions falsefalse39false0rr_OtherExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00470.0047[1]falsefalsefalsefalsefalseOtherrr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph c -Clause i -Subsection instructions falsefalse40false0rr_ExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00970.0097[2]falsefalsefalsefalsefalseOtherrr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph d -Subsection instructions falsefalse41false0rr_FeeWaiverOrReimbursementOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue-0.0022-0.0022[2]falsefalsefalsefalsefalseOtherrr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 11 -Subsection table falsefalse42false0rr_NetExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00750.0075[2]falsefalsefalsefalsefalseOtherrr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 11 -Subsection table falsefalse43false0rr_ExpenseExampleYear01rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue7777falsefalsefalsefalsefalseMonetaryrr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 4 -Subsection instructions falsefalse44false0rr_ExpenseExampleYear03rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue287287falsetruefalsefalsefalseMonetaryrr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 2 -Subsection example falsefalse1"Other Expenses" are based on estimated amounts for the current fiscal year.2Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.75% of the Fund's average daily net assets per year until at least May 1, 2012. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation.143Risk/Return Detail Data (USD $)NoRoundingUnKnownUnKnownUnKnowntruetrue XML 9 defnref.xml IDEA: XBRL DOCUMENT No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. XML 10 R1.xml IDEA: Risk/Return Summary 2.2.0.25truefalse010000 - Document - Risk/Return Summary {Unlabeled}falsefalsetrue1falsefalsetruefalse{dei_LegalEntityAxis} : Market Vectors Colombia ETF 3/14/2011 - 3/14/2011 c1_S000031532Memberhttp://www.sec.gov/CIK0001137360duration2011-03-14T00:00:002011-03-14T00:00:00falsefalsecik0001137360_S000031532Memberdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000031532Memberdei_LegalEntityAxisexplicitMember3false0rr_RiskReturnHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00RISK/RETURNfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 falsefalse4false0rr_ObjectiveHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Investment ObjectivefalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a falsefalse5false0rr_ObjectivePrimaryTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">Market Vectors Colombia ETF (the "Fund") seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Colombia Index (the "Index").</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a falsefalse6false0rr_ExpenseHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Fund fees and expensesfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRisk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph d -Subsection instructions falsefalse7false0rr_ExpenseNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown.The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph b -Subsection instructions falsefalse8false0rr_ShareholderFeesTableTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsefalse~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsehttp://xbrl.sec.gov/rr/role/ShareholderFeesDatafalsefalse020010 - Schedule - Shareholder Feestruefalsefalse1falseColumnperiodPeriod*Columndei_LegalEntityAxisAxiscik0001137360_S000031532MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*duration2011-03-14T00:00:002011-03-14T00:00:00falsefalseMarket Vectors Colombia ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000031532Memberdei_LegalEntityAxisexplicitMemberfalsefalseMarket Vectors Colombia ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000098031Memberrr_ProspectusShareClassAxisexplicitMemberMarket Vectors Colombia ETFMarket Vectors Colombia ETFusdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170falseUSDfalsefalse$1falseRowprimaryElement*3false0rr_MaximumAccountFeerrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue0.000.00falsefalsefalsetruefalseMonetaryrr:NonNegativeMonetaryTypemonetaryInclude the caption "Maximum Account Fees" only if the Fund charges these fees. A Fund may omit other captions if the Fund does not charge the fees or expenses covered by the captions. Disclose account fees that may be charged to a typical investor in the Fund; fees that apply to only a limited number of shareholders based on their particular circumstances need not be disclosed. Include a caption describing the maximum account fee (e.g., "Maximum Account Maintenance Fee" or "Maximum Cash Management Fee"). State the maximum annual account fee as either a fixed dollar amount or a percentage of assets. Include in a parenthetical to the caption the basis on which any percentage is calculated. If an account fee is charged only to accounts that do not meet a certain threshold (e.g., accounts under $5)Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph c -Subsection instructions falsefalse0rr_MaximumAccountFeetruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue0.000.00falsefalsefalsetruefalseOthernanafalsefalse11Shareholder Fees (USD $)UnKnownUnKnownUnKnownUnKnownfalsetrueColumnperiodPeriod*Columndei_LegalEntityAxisAxiscik0001137360_S000031532MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*RowprimaryElement*falsefalsefalseOtherus-types:textBlockItemTypestringContains a command for the SEC Viewer for the role corresponding to ShareholderFeesData.No authoritative reference available.falsefalse9false0rr_AnnualFundOperatingExpensesTableTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsefalse~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsehttp://xbrl.sec.gov/rr/role/OperatingExpensesDatafalsefalse020020 - Schedule - Annual Fund Operating Expensestruefalsefalse1falseColumnperiodPeriod*Columndei_LegalEntityAxisAxiscik0001137360_S000031532MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*duration2011-03-14T00:00:002011-03-14T00:00:00falsefalseMarket Vectors Colombia ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000031532Memberdei_LegalEntityAxisexplicitMemberfalsefalseMarket Vectors Colombia ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000098031Memberrr_ProspectusShareClassAxisexplicitMemberMarket Vectors Colombia ETFMarket Vectors Colombia ETFusdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170falseUSDfalsefalse$1falseRowprimaryElement*3false0rr_ManagementFeesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00500.0050falsefalsefalsetruefalseOtherrr:NonNegativePure4TypepureManagement Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph a -Subsection instructions falsefalse0rr_ManagementFeesOverAssetstruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00500.0050falsefalsefalsetruefalseOthernanafalsefalse2falseRowprimaryElement*4false0rr_OtherExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00470.0047[1]falsefalsefalsetruefalseOtherrr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph c -Clause i -Subsection instructions falsefalse0rr_OtherExpensesOverAssetstruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse[1]1truetruetrue0.00470.0047falsefalsefalsetruefalseOthernanafalsefalse3falseRowprimaryElement*5false0rr_ExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00970.0097[2]falsefalsefalsetruefalseOtherrr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subparagraph d -Subsection instructions falsefalse0rr_ExpensesOverAssetstruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse[2]1truetruetrue0.00970.0097falsefalsefalsetruefalseOthernanafalsefalse4falseRowprimaryElement*6false0rr_FeeWaiverOrReimbursementOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truetruetrue0.00220.0022[2]falsefalsefalsetruefalseOtherrr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 11 -Subsection table falsefalse0rr_FeeWaiverOrReimbursementOverAssetstruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse[2]1truetruetrue0.00220.0022falsefalsefalsetruefalseOthernanafalsefalse5falseRowprimaryElement*7false0rr_NetExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00750.0075[2]falsefalsefalsetruefalseOtherrr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 11 -Subsection table falsefalse0rr_NetExpensesOverAssetstruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse[2]1truetruetrue0.00750.0075falsefalsefalsetruefalseOthernanafalsefalse1"Other Expenses" are based on estimated amounts for the current fiscal year.2Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.75% of the Fund's average daily net assets per year until at least May 1, 2012. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation.15Annual Fund Operating Expenses UnKnownUnKnownUnKnownUnKnownfalsetrueColumnperiodPeriod*Columndei_LegalEntityAxisAxiscik0001137360_S000031532MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*RowprimaryElement*falsefalsefalseOtherus-types:textBlockItemTypestringContains a command for the SEC Viewer for the role corresponding to OperatingExpensesData.No authoritative reference available.falsefalse10false0rr_ExpenseExampleHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Expense ExamplefalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringHeading for Expense Example.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 4 -Subsection instructions falsefalse11false0rr_ExpenseExampleNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. This example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThe Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 1 -Subsection example falsefalse12false0rr_ExpenseExampleByYearCaptionrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The example also assumes that your investment has a 5% annual return and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 2 -Subsection example falsefalse13false0rr_ExpenseExampleWithRedemptionTableTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsefalse~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cik0001137360_S000031532Member column rr_ProspectusShareClassAxis compact * row primary compact * ~truehttp://xbrl.sec.gov/rr/role/ExpenseExamplefalsefalse020030 - Schedule - Expense Example {Transposed}truefalsefalse1falseColumnprimaryElement*3false0rr_ExpenseExampleYear01rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsetrue7777falsefalsefalsetruefalseMonetaryrr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 4 -Subsection instructions falsefalsefalseUSDfalsefalse$2falseColumnprimaryElement*4false0rr_ExpenseExampleYear03rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsetrue287287falsefalsefalsetruefalseMonetaryrr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 2 -Subsection example falsefalsefalseUSDfalsefalse$1falseRowperiodPeriod*Rowdei_LegalEntityAxisAxiscik0001137360_S000031532MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*duration2011-03-14T00:00:002011-03-14T00:00:00falsefalseMarket Vectors Colombia ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000031532Memberdei_LegalEntityAxisexplicitMemberfalsefalseMarket Vectors Colombia ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000098031Memberrr_ProspectusShareClassAxisexplicitMemberMarket Vectors Colombia ETFMarket Vectors Colombia ETFusdStandardhttp://www.xbrl.org/2003/iso4217USDiso421700truefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue7777falsefalsefalsetruefalse2truefalsetrue287287falsefalsefalsetruefalseOthernanafalsefalse21Expense Example (USD $)UnKnownUnKnownUnKnownUnKnownfalsetrueColumnprimaryElement*RowperiodPeriod*Rowdei_LegalEntityAxisAxiscik0001137360_S000031532MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*falsefalsefalseOtherus-types:textBlockItemTypestringContains a command for the SEC Viewer for the role corresponding to ExpenseExample.No authoritative reference available.falsefalse14false0rr_PortfolioTurnoverHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Portfolio TurnoverfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 5 -Subsection instructions falsefalse15false0rr_PortfolioTurnoverTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">The Fund will pay transaction costs, such as commissions, when it purchases and sells securities (or "turns over" its portfolio). A higher portfolio turnover will cause the Fund to incur additional transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, may affect the Fund's performance. Because the Fund is newly organized, no portfolio turnover figures are available.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 3 -Subsection example falsefalse16false0rr_StrategyHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Principal Investment StrategiesfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringPrincipal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a falsefalse17false0rr_StrategyNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark index. The Fund's benchmark index is comprised of securities of companies located in Colombia. A company is considered to be located in Colombia if it is domiciled and primarily listed on an exchange in Colombia or if it generates at least 50% of its revenues in Colombia. Such companies may include small- and medium-capitalization companies. The Fund's 80% investment policy is non-fundamental and requires 60 days' prior written notice to shareholders before it can be changed.</font></p> <p><font size="2">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 Index. The Adviser expects that, over time, the correlation between the Fund's performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation.</font></p> <p><font size="2">The Fund may also utilize depositary receipts to seek performance that corresponds to the Index.</font></p> <p><font size="2">The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of March 10, 2011, the following industries represent a significant portion of the Index: energy, financial services and basic materials.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringPrincipal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a falsefalse18false0rr_RiskHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Principal Risks of Investing In the FundfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNarrative Risk Disclosure.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subsection b falsefalse19false0rr_RiskNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. Therefore, you should consider carefully the following risks before investing in the Fund.</font></p> <p><font size="2"><i>Risks of Investing in Colombia</i>. The Colombian economy has experienced high interest rates, economic volatility, inflation, currency devaluations and high unemployment rates, all of which could negatively affect the value of companies located in Colombia and the value of your investment in the Fund. In addition, commodities (such as oil, natural gas and minerals) represent a significant percentage of Colombia's exports and its economy is particularly sensitive to fluctuations in commodity prices. Adverse economic events in another South American country may have a significant adverse effect on Colombia's economy and companies located in Colombia.</font></p> <p><font size="2">Because the Fund's assets will be invested primarily in equity securities of Colombian issuers, the income received by the Fund will be principally in Colombian pesos. The Fund's exposure to the Colombian peso and changes in value of the Colombian peso versus the U.S. dollar may result in reduced returns for the Fund. Moreover, the Fund may incur costs in connection with conversions between U.S. dollars and Colombian pesos.</font></p> <p><font size="2"><i>Risks of Investing in Foreign Securities</i>. Investments in the securities of non-U.S. issuers involve risks beyond those associated with investments in U.S. securities. These additional risks include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. In addition, the Fund may invest in depositary receipts which involve similar risks to those associated with investments in foreign securities.</font></p> <p><font size="2"><i>Risks of Investing in Depositary Receipts</i>. Depositary receipts are issued by banks or trust companies, and entitle the holder to all dividends and capital gains that are paid out on the underlying foreign shares. Investments in depositary receipts may be less liquid than the underlying shares in their primary trading market.</font></p> <p><font size="2"><i>Risks of Investing in Emerging Market Issuers</i>. Investments in securities of emerging market issuers are exposed to a number of risks that may make these investments volatile in price or difficult to trade. Political risks may include unstable governments, nationalization, restrictions on foreign ownership, laws that prevent investors from getting their money out of a country and legal systems that do not protect property rights as well as the laws of the United States. Market risks may include economies that concentrate in only a few industries, securities issues that are held by only a few investors, limited trading capacity in local exchanges and the possibility that markets or issues may be manipulated by foreign nationals who have inside information.</font></p> <p><font size="2"><i>Risk of Investing in the Energy Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the energy sector. Companies operating in the energy sector are subject to risks including, but not limited to, economic growth, worldwide demand, political instability in the regions that the companies operate, government regulation stipulating rates charged by utilities, interest rate sensitivity, oil price volatility and the cost of providing the specific utility services. In addition, these companies are at risk of civil liability from accidents resulting in injury, loss of life or property, pollution or other environmental damage claims and risk of loss from terrorism and natural disasters.</font></p> <p><font size="2"><i>Risks of Investing in the Financial Services Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the financial services sector. Companies in the financial services sector may be subject to extensive government regulation that affects the scope of their activities, the prices they can charge and the amount of capital they must maintain. The profitability of companies in the financial services sector may be adversely affected by increases in interest rates. The profitability of companies in the financial services sector may be adversely affected by loan losses, which usually increase in economic downturns. In addition, the financial services sector is undergoing numerous changes, including continuing consolidations, development of new products and structures and changes to its regulatory framework. Furthermore, increased government involvement in the financial services sector, including measures such as taking ownership positions in such institutions, could result in a dilution in the value of such companies.</font></p> <p><font size="2"><i>Risk of Investing in the Basic Materials Sector</i>. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the basic materials sector Companies engaged in the production and distribution of basic materials may be adversely affected by changes in world events, political and economic conditions, energy conservation, environmental policies, commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources and labor relations.</font></p> <p><font size="2"><i>Risk of Investing in Small- and Medium-Capitalization Companies</i>. Small- and medium-capitalization companies may be more volatile and more likely than large-capitalization companies to have narrower product lines, fewer financial resources, less management depth and experience and less competitive strength. Returns on investments in stocks of these companies could trail the returns on investments in stocks of larger companies.</font></p> <p><font size="2"><i>Market Risk</i>. The prices of the securities in the Fund are subject to the risks associated with investing in the stock market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.</font></p> <p><font size="2"><i>Replication Management Risk</i>. An investment in the Fund involves risks similar to those of investing in any fund of equity securities traded on an exchange, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in security prices. However, because the Fund is not "actively" managed, unless a specific security is removed from the Index, the Fund generally would not sell a security because the security's issuer was in financial trouble. Therefore, the Fund's performance could be lower than other types of mutual funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</font></p> <p><font size="2"><i>Index Tracking Risk</i>. The Fund's return may not match the return of the Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the Index and incurs costs associated with buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in the composition of the Index and raising cash to meet redemptions or deploying cash in connection with newly created Creation Units (defined herein). Because the Fund bears the costs and risks associated with buying and selling securities while such costs and risks are not factored into the return of the Index, the Fund's return may deviate significantly from the return of the Index. In addition, the Fund may not be able to invest in certain securities included in the Index, or invest in them in the exact proportions they represent of the Index, due to legal restrictions or limitations imposed by the government of a particular country or a lack of liquidity on stock exchanges in which such securities trade. The Fund is expected to value some or all of its investments based on fair value prices. To the extent the Fund calculates its net asset value ("NAV") based on fair value prices and the value of the Index is based on securities' closing prices on local foreign markets (i.e., the value of the Index is not based on fair value prices), the Fund's ability to track the Index may be adversely affected.</font></p> <p><font size="2"><i>Risk of Cash Transactions</i>. Unlike most other ETFs, the Fund expects to effect all of its creations and redemptions for cash, rather than in-kind securities. As such, investments in Shares may be less tax-efficient than an investment in a conventional ETF.</font></p> <p><font size="2"><i>Non-Diversified Risk</i>. The Fund is classified as a "non-diversified" investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). Therefore, the Fund may invest a relatively high percentage of its assets in a smaller number of issuers or may invest a larger proportion of its assets in a single company. As a result, the gains and losses on a single investment may have a greater impact on the Fund's NAV and may make the Fund more volatile than more diversified funds.</font></p> <p><font size="2"><i>Concentration Risk</i>. The Fund's assets will be concentrated in a particular sector or sectors or industry or group of industries to the extent the Index concentrates in a particular sector or sectors or industry or group of industries. To the extent that the Fund's investments are concentrated in a particular sector, industry or country, the Fund will be susceptible to loss due to adverse occurrences affecting that sector, industry or country.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringNarrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subparagraph i -Clause instruction -Subsection b falsefalse20false0rr_BarChartAndPerformanceTableHeadingrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00PerformancefalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRisk/Return Bar Chart and Table.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subsection b falsefalse21false0rr_PerformanceNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p><font size="2">The Fund has not yet commenced operations and therefore does not have a performance history. Once available, the Fund's performance information will be accessible on the Fund's website at vaneck.com/etf.</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringRisk/Return Bar Chart and Table.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 2 -Subsection b falsefalse119Risk/Return Summary (Market Vectors Colombia ETF)UnKnownUnKnownUnKnownUnKnownfalsetrue XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 2.2.0.25 true Sheet 010000 - Document - Risk/Return Summary {Unlabeled} Risk/Return Summary http://xbrl.sec.gov/rr/role/RiskReturn true R1.xml false Sheet 040000 - Disclosure - Risk/Return Detail Data {Elements} Risk/Return Detail Data http://xbrl.sec.gov/rr/role/RiskReturnDetailData false R5.xml false Book All Reports All Reports false 1 3 2 0 2 41 true false c0 8 c1_S000031532Member 25 c2_S000031532Member_C000098031Member 8 true true EXCEL 12 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]E.6%E,CDW.%\S-V(V7S0V-C!?.&(V9%]E,SDW M-#`Q-S%B.#4B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T#I%>&-E;%=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@ M(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7V4Y864R.3'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M'0^26YV97-T;65N="!/ M8FIE8W1I=F4\6EE;&0@<&5R9F]R;6%N8V4@;V8@=&AE($UA'0^ M/'`^/&9O;G0@6]U(&UA>2!P87D@:68@>6]U(&)U>2!A M;F0@:&]L9"!3:&%R97,@;V8@=&AE($9U;F0N/"]F;VYT/CPO<#X\'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G0\ M+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA'!E;G-E'!E;G-E(%)E M:6UB=7)S96UE;G0\+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA'!E;G-E2!T;R!P2!N970@87-S971S('!E2`Q+"`R M,#$R+B!$=7)I;F<@'0^17AP96YS92!%>&%M<&QE/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'`^/&9O;G0@&%M<&QE(&ES(&EN=&5N9&5D('1O(&AE;'`@>6]U(&-O;7!A M'0^5&AE(&5X86UP;&4@87-S M=6UE6]U2!T&%B;&4@86-C;W5N="X@5&AE'!E;G-E2!I;G9E"X@5&AE($9U;F0G2!I'!E8W1S('1H870L(&]V97(@=&EM92P@=&AE M(&-OF4],T0R/E1H92!&=6YD(&UA>2!A;'-O('5T:6QI>F4@9&5P M;W-I=&%R>2!R96-E:7!TF4],T0R/E1H92!&=6YD('=I;&P@8V]N8V5N=')A=&4@:71S(&EN=F5S=&UE M;G1S(&EN(&$@<&%R=&EC=6QA2!O'1E;G0@=&AA="!T:&4@26YD97@@8V]N8V5N=')A M=&5S(&EN(&%N(&EN9'5S=')Y(&]R(&=R;W5P(&]F(&EN9'5S=')I97,N($%S M(&]F($UA2P@9FEN86YC:6%L('-E'0^/'`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`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`Q-S%B.#4- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO93EA93(Y-SA?,S=B-E\T M-C8P7SAB-F1?93,Y-S0P,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^3W1H97(\5)E9VES=')A;G1.86UE/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&5X=#Y-05)+150@5D5#5$]24R!%5$8@5%)54U0\4-E;G1R86Q);F1E M>$ME>3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,3$S-S,V M,#QS<&%N/CPO'0^9F%L'0^26YV97-T;65N="!/8FIE8W1I=F4\2!;5&5X="!" M;&]C:UT\+W1D/@T*("`@("`@("`\=&0@8VQA6EE;&0@<&5R9F]R;6%N8V4@;V8@=&AE($UAF4],T0R/E1H:7,@=&%B;&4@9&5S8W)I8F5S('1H92!F965S(&%N9"!E>'!E M;G-E2!T&%B;&4@86-C;W5N="X@5&AE'!E M;G-E&%M<&QE(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT M9"!C;&%S&%M<&QE2&5A9&EN9SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^17AP96YS92!%>&%M<&QE/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E($5X86UP;&4@3F%R M&%M<&QE3F%R2P@665A M'!E;G-E17AA;7!L94)Y665A&%M<&QE(&%S6]U'!E;G-E2!B92!H:6=H97(@;W(@;&]W97(L(&)AF4],T0R/E1H92!&=6YD(&YO"!IF4],T0R M/E1H92!&=6YD+"!U&EN9R!I;G9E M"!B969O M"!C;VYC96YT#H@96YE'1=/"]T9#X-"B`@("`@("`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`^(#QP/CQF;VYT('-I>F4],T0R M/CQI/E)I'!E8W1S('1O(&5F9F5C="!A;&P@ M;V8@:71S(&-R96%T:6]N"UE9F9I8VEE;G0@=&AA M;B!A;B!I;G9E"!C;VYC M96YT'1E M;G0@=&AA="!T:&4@1G5N9"=S(&EN=F5S=&UE;G1S(&%R92!C;VYC96YT2P@=&AE($9U;F0@=VEL;"!B92!S=7-C97!T:6)L92!T;R!L;W-S(&1U92!T M;R!A9'9E2X\+V9O;G0^/"]P/CQS<&%N/CPO2X\'0^3F]N+41I=F5R2!!8W0@;V8@,3DT,"P@87,@86UE;F1E9"`H=&AE("(Q.30P($%C M="(I+B!4:&5R969O2!I;G9E'0^4&5R9F]R;6%N8V4\'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'`^/&9O;G0@2X@3VYC92!A=F%I;&%B M;&4L('1H92!&=6YD)W,@<&5R9F]R;6%N8V4@:6YF;W)M871I;VX@=VEL;"!B M92!A8V-E65T(&-O;6UE;F-E9"!O<&5R871I;VYS(&%N9"!T:&5R M969O2!F&%M<&QE+"!W:71H(%)E9&5M<'1I M;VXL(#$@665A&%M<&QE665A&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'!E M;G-E&-L=61I;F<@:6YT97)E&5S(&%N9"!E>'1R86]R9&EN87)Y(&5X<&5N M65A'!E8W1E9"!T;R!C;VYT:6YU92!U;G1I;"!T:&4@1G5N M9"=S($)O87)D(&]F(%1R=7-T965S(&%C=',@=&\@9&ES8V]N=&EN=64@86QL M(&]R(&$@<&]R=&EO;B!O9B!S=6-H(&5X<&5N7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M M87,M;6EC'1087)T7V4Y864R.3