The investment seeks to replicate, net of expenses, the Market Vectors? Junior Gold Miners index. The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index. It will normally invest at least 80% of its total assets in companies that are involved in the gold mining industry. The Junior Gold Miners Index includes companies that generate at least 50% of their revenues from (or have at least 50% of their assets related to) gold mining and/or silver mining or have mining projects with the potential to generate at least 50% of their revenues from gold and/or silver when developed. It is non-diversified.