Site Search
Fund Objective

The EGShares Emerging Markets Metals & Mining exchange-traded fund (ETF) invests in companies whose revenues are generated in the areas of Diversified Metals & Mining, Gold, Steel, Aluminum or Precious Metals & Minerals. The Dow Jones Emerging Markets Metals & Mining Titans Index focuses on the largest publicly-traded mining companies involved in industrial and precious metals exploration, extraction and production within the emerging world. The fund seeks to achieve its investment objective of total return by investing in the constituent securities of the index. This sector exposure is not based upon a sector classification by the Global Industry Classification Standard (GICS).

Background

EMT is designed to provide non-U.S. dollar, equity-based commodity exposure to the largest miners of copper, nickel, platinum, palladium, iron ore, and coal in the emerging markets. With exposure to emerging market currencies such as the Brazilian real, South African rand, and Russian ruble, EMT can benefit from currency appreciation versus the U.S. dollar, given the often-inverse relationship between the U.S. dollar and commodities.

Key Statistics
(As of 12/31/11)
ETF Ticker (NYSE):
EMT
Bloomberg Index Ticker:
DJEMTT
Inception Date
5/21/2009
Net Expenses*
0.85%
Holdings
24
Average Market Cap
$29.92B
Median Market Cap
$14.39B
Trailing P/E Ratio
8.6x
Price/Book Ratio
1.8x
Index Dividend Yield
3.77%

Industry Weights

(As of 12/31/11)
Industry
Weights
Mining
55.4%
Industrial Metals & Mining
44.6

Country Weights

(As of 12/31/11)
Country
Weights
South Africa
26.8%
China
20.2
Brazil
19.9
Russia
12.0
Mexico
8.2
Indonesia
3.9
Poland
3.3
India
2.2

Top 10 Holdings

(As of 12/31/11)
Company
Weights
Vale SA
11.4%
AngloGold Ashanti Ltd
8.1
MMC Norilsk Nickel OJSC
7.9
China Shenhua Energy Co Ltd
7.6
Impala Platinum Holdings Ltd
7.0
Gold Fields Ltd
5.8
Grupo Mexico SAB de CV
5.1
Gerdau SA
4.6
Cia Siderurgica Nacional SA
3.9
Bumi Resources Tbk PT
3.9

Performance

(As of 12/31/11)
   1-Month (%) 3-Month (%) Year-to-Date (%) 1-Year (%) Since
Inception (%)**
  Total Returns
(Net Asset Value)		 -6.68 -3.21 -34.83 -34.83 4.08
  Total Returns
(Market Price)		 -8.66 -1.51 -35.36 -35.36 3.82
  Dow Jones EM
Metals & Mining Titans Index		 -6.34 -2.95 -35.25 -35.25 4.75

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted.

This fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry.

*Gross expenses of 1.20% are reimbursed to keep from exceeding 0.85% of net assets. This agreement will remain in effect and will be contractually binding at least until July 29, 2012.

Market price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

**EMT inception date is 5/21/2009