0000930413-11-003861.txt : 20110511 0000930413-11-003861.hdr.sgml : 20110511 20110511114506 ACCESSION NUMBER: 0000930413-11-003861 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20110511 DATE AS OF CHANGE: 20110511 EFFECTIVENESS DATE: 20110511 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-10325 FILM NUMBER: 11830820 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 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-123257 FILM NUMBER: 11830821 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 S000028942 MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF C000088892 MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF FLTR 485BPOS 1 c61966_485bpos.htm c61966_485bpos.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

As filed with the Securities and Exchange Commission on May 11, 2011

Securities Act File No. 333-123257
Investment Company Act File No. 811-10325

 

 

United States Securities and Exchange Commission
Washington, D.C. 20549

FORM N-1A
 
 
  Registration Statement Under the Securities Act of 1933 x
  Pre-Effective Amendment No. o
  Post Effective Amendment No. 360 x
  and/or  
  Registration Statement Under the Investment Company Act of 1940 x
  Amendment No. 364 x

___________

MARKET VECTORS ETF TRUST
(Exact Name of Registrant as Specified in its Charter)
___________

335 Madison Avenue, 19th Floor
New York, New York 10017
(Address of Principal Executive Offices)

(212) 293-2000
Registrant’s Telephone Number

Joseph J. McBrien, Esq.
Senior Vice President and General Counsel
Van Eck Associates Corporation
335 Madison Avenue, 19th Floor
New York, New York 10017
(Name and Address of Agent for Service)

___________

Copy to:
Stuart M. Strauss, Esq.
Dechert LLP
1095 Avenue of the Americas
New York, New York 10036

___________

Approximate Date of Proposed Public Offering: As soon as practicable after the effective date of this
registration statement.

___________

IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)

X
Immediately upon filing pursuant to paragraph (b)
  On [date] pursuant to paragraph (b)
  60 days after filing pursuant to paragraph (a)(1)
  On [date] pursuant to paragraph (a)(1)
  75  days after filing pursuant to paragraph (a)(2)
  On [date] pursuant to paragraph (a)(2) of rule 485   
IF APPROPRIATE, CHECK THE FOLLOWING BOX: 
  This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 


EXPLANATORY NOTE

This filing relates solely to the following series of the Registrant: Market Vectors Investment Grade Floating Rate ETF.


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 10th day of May, 2011.

 

MARKET VECTORS ETF TRUST
     
     
  By: /s/ Jan F. van Eck*
    Name: Jan F. van Eck
    Title: President and Chief Executive Officer

     Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following person in the capacities and on the date indicated.

/s/ David H. Chow*   Trustee
May 10, 2011
David H. Chow    

 

/s/ R. Alastair Short*   Trustee
May 10, 2011
R. Alastair Short    

 

/s/ Richard D. Stamberger*   Trustee
May 10, 2011
Richard D. Stamberger    

 

/s/ Jan F. van Eck*   President, Chief Executive Officer
and Trustee
May 10, 2011
Jan F. van Eck    

 

/s/ Bruce J. Smith*   Chief Financial Officer
May 10, 2011
Bruce J. Smith      

 

*By: /s/ Jonathan R. Simon      
          Jonathan R. Simon
     
          Attorney-in-Fact      


EXHIBIT INDEX
EX-101.INS XBRL Instance Document
EX-101.SCH XBRL Taxonomy Extension Schema Document
EX-101.DEF XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE XBRL Taxonomy Extension Presentation Linkbase


EX-101.INS 2 cik0001137360-20110419.xml 0001137360 2011-04-19 2011-04-19 0001137360 cik0001137360:S000028942Member 2011-04-19 2011-04-19 0001137360 cik0001137360:S000028942Member cik0001137360:C000088892Member 2011-04-19 2011-04-19 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 0.19% of the Fund's average daily net assets per year until at least September 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 485BPOS false 0001137360 2011-04-19 2011-04-19 2011-04-19 2011-04-19 RISK/RETURN INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">Market Vectors Investment Grade Floating Rate ETF (the &#8220;Fund&#8221;) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Investment Grade Floating Rate Index (&#8220;Index&#8221;).</font></p> FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;).</font></p> 0.00 0.0035 0.0014 0.0049 -0.0030 0.0019 ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2012-09-01 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) EXPENSE EXAMPLE <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">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> 19 127 ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cik0001137360_S000028942Member 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 style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund will pay transaction costs, such as commissions, when it purchases and sells securities (or &#8220;turns over&#8221; 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&#8217;s performance. Because the Fund is newly organized, no portfolio turnover figures are available.</font></p> PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund normally invests at least 80% of its total assets in securities that comprise the Fund&#8217;s benchmark index. The Fund&#8217;s benchmark is comprised of U.S. dollar-denominated floating rate notes issued by corporate issuers or similar commercial entities that are public reporting companies in the U.S. and rated investment grade by at least one of three rating services: Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;), Standard &amp; Poor&#8217;s Rating Services (&#8220;S&amp;P&#8221;) or Fitch International Rating Agency (&#8220;Fitch&#8221;). Investment grade securities are those rated Baa3 or higher by Moody&#8217;s or rated BBB- or higher by S&amp;P or Fitch. The Fund will generally invest a significant portion of its assets in Rule 144A securities. The Fund&#8217;s 80% investment policy is non-fundamental and requires 60 days&#8217; prior written notice to shareholders before it can be changed.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund, using a &#8220;passive&#8221; or indexing investment approach, attempts to approximate the investment performance of the Index. The Adviser expects that, over time, the correlation between the Fund&#8217;s performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation. Because of the practical difficulties and expense of purchasing all of the securities in the Index, the Fund does not purchase all of the securities in the Index. Instead, the Adviser</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">utilizes a &#8220;sampling&#8221; methodology in seeking to achieve the Fund&#8217;s objective. As such, the Fund may purchase a subset of the bonds in the Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Index.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund may 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 the date of the Prospectus, the financial services sector represented a significant portion of the Index.</font></p> PRINCIPAL RISKS OF INVESTING IN THE FUND <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><b>Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund&#8217;s Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully the following risks before investing in the Fund.</b></font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><font style="color:#c1ef00;"><i>Fixed Income Securities Risk.</i></font> Fixed income securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed income security may be downgraded after purchase, which may adversely affect the value of the security. Interest rate risk refers to fluctuations in the value of a fixed income security resulting from changes in the general level of interest rates, although floating rate securities may reduce this risk because their interest rates periodically reset. When the general level of interest rates goes up, the prices of most fixed income securities go down. When the general level of interest rates goes down, the prices of most fixed income securities go up.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><font style="color:#c1ef00;"><i>Risks of Investing in the Financial Services Sector.</i></font> The Fund will generally invest a significant portion of its assets in the financial services industry. As such, 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 financial institutions, could result in a dilution of the Fund&#8217;s investments in such institutions.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Restricted Securities/Rule 144A Securities Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">Rule 144A securities are restricted securities. They may be less liquid than other investments because, at times, such securities cannot be readily sold in broad public markets and the Fund might be unable to dispose of such securities promptly or at reasonable prices. A restricted security that was liquid at the time of purchase may subsequently become illiquid.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Call Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund may invest in callable bonds, and such issuers may &#8220;call&#8221; or repay these securities with higher coupon or interest rates before the security&#8217;s maturity date. If interest rates are falling, the Fund may have to reinvest the unanticipated proceeds at lower interest rates, resulting in a decline in the Fund&#8217;s income.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Market Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The prices of the securities in the Fund are subject to the risk associated with investing in corporate bonds, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Sampling Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;s use of a representative sampling approach will result in its holding a smaller number of securities than are in the Index. As a result, an adverse development respecting an issuer of securities held by the Fund could result in a greater decline in net asset value (&#8220;NAV&#8221;) than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Index Tracking Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;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&#8217;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&#8217;s return may deviate significantly from the return of the Index. In addition, the Fund&#8217;s use of a representative sampling approach may cause the Fund to not be as well correlated with the return of the Index as would be the case if the Fund purchased all of the securities in the Index in the proportions represented in the Index. The Fund is expected to value some or all of its investments based on fair value prices.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Non-Diversified Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund is classified as a &#8220;non-diversified&#8221; investment company under the Investment Company Act of 1940, as amended (&#8220;1940 Act&#8221;). 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 issuer. As a result, the gains and losses on a single investment may have a greater impact on the Fund&#8217;s NAV and may make the Fund more volatile than more diversified funds.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Concentration Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;s assets may be concentrated in a particular sector or sectors or industry or group of industries or geographic region to the extent the Index concentrates in a particular sector or sectors or industry or group of industries or</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">geographic region. To the extent that the Fund&#8217;s investments are concentrated in a particular sector, industry or geographic region, the Fund will be susceptible to loss due to adverse occurrences affecting that sector, industry or geographic region.</font></p> Non-Diversified Risk.The Fund is classified as a "non-diversified" investment company under the Investment Company Act of 1940, as amended ("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 issuer. 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. Market Risk.The prices of the securities in the Fund are subject to the risk associated with investing in corporate bonds, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. PERFORMANCE <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund has not yet commenced operations and therefore does not have a performance history. Once available, the Fund&#8217;s performance information will be accessible on the Fund&#8217;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. 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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 style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">Market Vectors Investment Grade Floating Rate ETF (the &#8220;Fund&#8221;) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Investment Grade Floating Rate Index (&#8220;Index&#8221;).</font></p>falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. 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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 style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;).</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_OperatingExpensesCaptionrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringAnnual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 7 -Subsection table falsefalse19false0rr_FeeWaiverOrReimbursementOverAssetsDateOfTerminationrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002012-09-01falsefalsefalsefalsefalseOtherus-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 falsefalse20false0rr_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 falsefalse21false0rr_PortfolioTurnoverTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund will pay transaction costs, such as commissions, when it purchases and sells securities (or &#8220;turns over&#8221; 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&#8217;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 falsefalse22false0rr_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 falsefalse23false0rr_ExpenseExampleNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">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 falsefalse24false0rr_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 falsefalse25false0rr_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 falsefalse26false0rr_StrategyNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund normally invests at least 80% of its total assets in securities that comprise the Fund&#8217;s benchmark index. The Fund&#8217;s benchmark is comprised of U.S. dollar-denominated floating rate notes issued by corporate issuers or similar commercial entities that are public reporting companies in the U.S. and rated investment grade by at least one of three rating services: Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;), Standard &amp; Poor&#8217;s Rating Services (&#8220;S&amp;P&#8221;) or Fitch International Rating Agency (&#8220;Fitch&#8221;). Investment grade securities are those rated Baa3 or higher by Moody&#8217;s or rated BBB- or higher by S&amp;P or Fitch. The Fund will generally invest a significant portion of its assets in Rule 144A securities. The Fund&#8217;s 80% investment policy is non-fundamental and requires 60 days&#8217; prior written notice to shareholders before it can be changed.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund, using a &#8220;passive&#8221; or indexing investment approach, attempts to approximate the investment performance of the Index. The Adviser expects that, over time, the correlation between the Fund&#8217;s performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation. Because of the practical difficulties and expense of purchasing all of the securities in the Index, the Fund does not purchase all of the securities in the Index. Instead, the Adviser</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">utilizes a &#8220;sampling&#8221; methodology in seeking to achieve the Fund&#8217;s objective. As such, the Fund may purchase a subset of the bonds in the Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Index.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund may 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 the date of the Prospectus, the financial services sector represented a significant portion of the Index.</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 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 style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><b>Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund&#8217;s Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully the following risks before investing in the Fund.</b></font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><font style="color:#c1ef00;"><i>Fixed Income Securities Risk.</i></font> Fixed income securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed income security may be downgraded after purchase, which may adversely affect the value of the security. Interest rate risk refers to fluctuations in the value of a fixed income security resulting from changes in the general level of interest rates, although floating rate securities may reduce this risk because their interest rates periodically reset. When the general level of interest rates goes up, the prices of most fixed income securities go down. When the general level of interest rates goes down, the prices of most fixed income securities go up.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><font style="color:#c1ef00;"><i>Risks of Investing in the Financial Services Sector.</i></font> The Fund will generally invest a significant portion of its assets in the financial services industry. As such, 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 financial institutions, could result in a dilution of the Fund&#8217;s investments in such institutions.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Restricted Securities/Rule 144A Securities Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">Rule 144A securities are restricted securities. They may be less liquid than other investments because, at times, such securities cannot be readily sold in broad public markets and the Fund might be unable to dispose of such securities promptly or at reasonable prices. A restricted security that was liquid at the time of purchase may subsequently become illiquid.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Call Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund may invest in callable bonds, and such issuers may &#8220;call&#8221; or repay these securities with higher coupon or interest rates before the security&#8217;s maturity date. If interest rates are falling, the Fund may have to reinvest the unanticipated proceeds at lower interest rates, resulting in a decline in the Fund&#8217;s income.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Market Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The prices of the securities in the Fund are subject to the risk associated with investing in corporate bonds, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Sampling Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;s use of a representative sampling approach will result in its holding a smaller number of securities than are in the Index. As a result, an adverse development respecting an issuer of securities held by the Fund could result in a greater decline in net asset value (&#8220;NAV&#8221;) than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Index Tracking Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;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&#8217;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&#8217;s return may deviate significantly from the return of the Index. In addition, the Fund&#8217;s use of a representative sampling approach may cause the Fund to not be as well correlated with the return of the Index as would be the case if the Fund purchased all of the securities in the Index in the proportions represented in the Index. The Fund is expected to value some or all of its investments based on fair value prices.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Non-Diversified Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund is classified as a &#8220;non-diversified&#8221; investment company under the Investment Company Act of 1940, as amended (&#8220;1940 Act&#8221;). 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 issuer. As a result, the gains and losses on a single investment may have a greater impact on the Fund&#8217;s NAV and may make the Fund more volatile than more diversified funds.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Concentration Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;s assets may be concentrated in a particular sector or sectors or industry or group of industries or geographic region to the extent the Index concentrates in a particular sector or sectors or industry or group of industries or</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">geographic region. To the extent that the Fund&#8217;s investments are concentrated in a particular sector, industry or geographic region, the Fund will be susceptible to loss due to adverse occurrences affecting that sector, industry or geographic region.</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 risk associated with investing in corporate bonds, 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 ("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 issuer. 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_RiskNotInsuredDepositoryInstitutionrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringIf the Fund is advised by or sold through an insured depository institution, state that An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. A Money Market Fund that is advised by or sold through an insured depository institution should combine the disclosure required by Items 2(c)(1)(ii) and (iii) in a single statement.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Paragraph 1 -Subparagraph iii -Subsection b falsefalse32false0rr_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 falsefalse33false0rr_PerformanceNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund has not yet commenced operations and therefore does not have a performance history. Once available, the Fund&#8217;s performance information will be accessible on the Fund&#8217;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 falsefalse34false0rr_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 falsefalse35false0rr_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 falsefalse36false0natruenanaNo definition available.falsetruefalsefalsefalsefalsefalsefalsefalsefalsehttp://xbrl.sec.gov/rr/role/riskreturndetaildata1falsefalsefalse00falsefalsefalsefalsefalse3falsefalseUSDtruefalse{dei_LegalEntityAxis} : MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF {rr_ProspectusShareClassAxis} : MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF (MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF) 4/19/2011 - 4/19/2011 USD ($) $c2_S000028942Member_C000088892Memberhttp://www.sec.gov/CIK0001137360duration2011-04-19T00:00:002011-04-19T00:00:00falsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000028942Memberdei_LegalEntityAxisexplicitMemberfalsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000088892Memberrr_ProspectusShareClassAxisexplicitMemberratioStandardhttp://www.xbrl.org/2003/instancepurexbrli0usdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$OthernaNo definition available.No authoritative reference available.falsefalse37true0rr_RiskReturnAbstractrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse38false0rr_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 falsefalse39false0rr_ManagementFeesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00350.0035falsefalsefalsefalsefalseOtherrr: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 falsefalse40false0rr_OtherExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00140.0014[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 falsefalse41false0rr_ExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00490.0049[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 falsefalse42false0rr_FeeWaiverOrReimbursementOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue-0.0030-0.0030[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 falsefalse43false0rr_NetExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00190.0019[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 falsefalse44false0rr_ExpenseExampleYear01rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue1919falsefalsefalsefalsefalseMonetaryrr: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 falsefalse45false0rr_ExpenseExampleYear03rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue127127falsetruefalsefalsefalseMonetaryrr: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 0.19% of the Fund's average daily net assets per year until at least September 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.144Risk/Return Detail Data (USD $)NoRoundingUnKnownUnKnownUnKnowntruetrue XML 11 defnref.xml IDEA: XBRL DOCUMENT No authoritative reference available. No authoritative reference available. 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XML 12 R1.xml IDEA: Risk/Return Summary 2.2.0.25truefalse010000 - Document - Risk/Return Summary {Unlabeled}falsefalsetrue1falsefalsetruefalse{dei_LegalEntityAxis} : MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF 4/19/2011 - 4/19/2011 c1_S000028942Memberhttp://www.sec.gov/CIK0001137360duration2011-04-19T00:00:002011-04-19T00:00:00falsefalsecik0001137360_S000028942Memberdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000028942Memberdei_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 style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">Market Vectors Investment Grade Floating Rate ETF (the &#8220;Fund&#8221;) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Investment Grade Floating Rate Index (&#8220;Index&#8221;).</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 style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;).</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_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsefalse~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsehttp://xbrl.sec.gov/rr/role/ShareholderFeesDatafalsefalse020010 - Schedule - Shareholder Feestruefalsefalse1falseColumnperiodPeriod*Columndei_LegalEntityAxisAxiscik0001137360_S000028942MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*duration2011-04-19T00:00:002011-04-19T00:00:00falsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000028942Memberdei_LegalEntityAxisexplicitMemberfalsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000088892Memberrr_ProspectusShareClassAxisexplicitMemberMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFMARKET VECTORS INVESTMENT GRADE FLOATING RATE 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_S000028942MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*RowprimaryElement*falsefalsefalseOtherus-types:textBlockItemTypestringContains a command for the SEC Viewer for the role corresponding to ShareholderFeesData.No authoritative reference available.falsefalse9false0rr_OperatingExpensesCaptionrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringAnnual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Paragraph 1 -Subparagraph 7 -Subsection table falsefalse10false0rr_AnnualFundOperatingExpensesTableTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsefalse~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsehttp://xbrl.sec.gov/rr/role/OperatingExpensesDatafalsefalse020020 - Schedule - Annual Fund Operating Expensestruefalsefalse1falseColumnperiodPeriod*Columndei_LegalEntityAxisAxiscik0001137360_S000028942MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*duration2011-04-19T00:00:002011-04-19T00:00:00falsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000028942Memberdei_LegalEntityAxisexplicitMemberfalsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000088892Memberrr_ProspectusShareClassAxisexplicitMemberMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFusdStandardhttp://www.xbrl.org/2003/iso4217USDiso42170falseUSDfalsefalse$1falseRowprimaryElement*3false0rr_ManagementFeesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00350.0035falsefalsefalsetruefalseOtherrr: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_ManagementFeesOverAssetstruefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00350.0035falsefalsefalsetruefalseOthernanafalsefalse2falseRowprimaryElement*4false0rr_OtherExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00140.0014[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]1truetruetrue0.00140.0014falsefalsefalsetruefalseOthernanafalsefalse3falseRowprimaryElement*5false0rr_ExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00490.0049[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]1truetruetrue0.00490.0049falsefalsefalsetruefalseOthernanafalsefalse4falseRowprimaryElement*6false0rr_FeeWaiverOrReimbursementOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truetruetrue0.00300.0030[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]1truetruetrue0.00300.0030falsefalsefalsetruefalseOthernanafalsefalse5falseRowprimaryElement*7false0rr_NetExpensesOverAssetsrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00190.0019[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]1truetruetrue0.00190.0019falsefalsefalsetruefalseOthernanafalsefalse1"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 0.19% of the Fund's average daily net assets per year until at least September 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_S000028942MemberColumnrr_ProspectusShareClassAxisAxis*ColumnunitUnit*RowprimaryElement*falsefalsefalseOtherus-types:textBlockItemTypestringContains a command for the SEC Viewer for the role corresponding to OperatingExpensesData.No authoritative reference available.falsefalse11false0rr_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 falsefalse12false0rr_ExpenseExampleNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">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 falsefalse13false0rr_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 falsefalse14false0rr_ExpenseExampleWithRedemptionTableTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~falsefalse~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cik0001137360_S000028942Member column rr_ProspectusShareClassAxis compact * row primary compact * ~truehttp://xbrl.sec.gov/rr/role/ExpenseExamplefalsefalse020030 - Schedule - Expense Example {Transposed}truefalsefalse1falseColumnprimaryElement*3false0rr_ExpenseExampleYear01rrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsetrue1919falsefalsefalsetruefalseMonetaryrr: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.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsetrue127127falsefalsefalsetruefalseMonetaryrr: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_S000028942MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*duration2011-04-19T00:00:002011-04-19T00:00:00falsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_S000028942Memberdei_LegalEntityAxisexplicitMemberfalsefalseMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001137360_C000088892Memberrr_ProspectusShareClassAxisexplicitMemberMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFMARKET VECTORS INVESTMENT GRADE FLOATING RATE ETFusdStandardhttp://www.xbrl.org/2003/iso4217USDiso421700truefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue1919falsefalsefalsetruefalse2truefalsetrue127127falsefalsefalsetruefalseOthernanafalsefalse21Expense Example (USD $)UnKnownUnKnownUnKnownUnKnownfalsetrueColumnprimaryElement*RowperiodPeriod*Rowdei_LegalEntityAxisAxiscik0001137360_S000028942MemberRowrr_ProspectusShareClassAxisAxis*RowunitUnit*falsefalsefalseOtherus-types:textBlockItemTypestringContains a command for the SEC Viewer for the role corresponding to ExpenseExample.No authoritative reference available.falsefalse15false0rr_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 falsefalse16false0rr_PortfolioTurnoverTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund will pay transaction costs, such as commissions, when it purchases and sells securities (or &#8220;turns over&#8221; 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&#8217;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 falsefalse17false0rr_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 falsefalse18false0rr_StrategyNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund normally invests at least 80% of its total assets in securities that comprise the Fund&#8217;s benchmark index. The Fund&#8217;s benchmark is comprised of U.S. dollar-denominated floating rate notes issued by corporate issuers or similar commercial entities that are public reporting companies in the U.S. and rated investment grade by at least one of three rating services: Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;), Standard &amp; Poor&#8217;s Rating Services (&#8220;S&amp;P&#8221;) or Fitch International Rating Agency (&#8220;Fitch&#8221;). Investment grade securities are those rated Baa3 or higher by Moody&#8217;s or rated BBB- or higher by S&amp;P or Fitch. The Fund will generally invest a significant portion of its assets in Rule 144A securities. The Fund&#8217;s 80% investment policy is non-fundamental and requires 60 days&#8217; prior written notice to shareholders before it can be changed.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund, using a &#8220;passive&#8221; or indexing investment approach, attempts to approximate the investment performance of the Index. The Adviser expects that, over time, the correlation between the Fund&#8217;s performance and that of the Index before fees and expenses will be 95% or better. A figure of 100% would indicate perfect correlation. Because of the practical difficulties and expense of purchasing all of the securities in the Index, the Fund does not purchase all of the securities in the Index. Instead, the Adviser</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">utilizes a &#8220;sampling&#8221; methodology in seeking to achieve the Fund&#8217;s objective. As such, the Fund may purchase a subset of the bonds in the Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Index.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund may 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 the date of the Prospectus, the financial services sector represented a significant portion of the Index.</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 falsefalse19false0rr_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 falsefalse20false0rr_RiskNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><b>Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund&#8217;s Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully the following risks before investing in the Fund.</b></font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><font style="color:#c1ef00;"><i>Fixed Income Securities Risk.</i></font> Fixed income securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed income security may be downgraded after purchase, which may adversely affect the value of the security. Interest rate risk refers to fluctuations in the value of a fixed income security resulting from changes in the general level of interest rates, although floating rate securities may reduce this risk because their interest rates periodically reset. When the general level of interest rates goes up, the prices of most fixed income securities go down. When the general level of interest rates goes down, the prices of most fixed income securities go up.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;"><font style="color:#c1ef00;"><i>Risks of Investing in the Financial Services Sector.</i></font> The Fund will generally invest a significant portion of its assets in the financial services industry. As such, 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 financial institutions, could result in a dilution of the Fund&#8217;s investments in such institutions.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Restricted Securities/Rule 144A Securities Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">Rule 144A securities are restricted securities. They may be less liquid than other investments because, at times, such securities cannot be readily sold in broad public markets and the Fund might be unable to dispose of such securities promptly or at reasonable prices. A restricted security that was liquid at the time of purchase may subsequently become illiquid.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Call Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund may invest in callable bonds, and such issuers may &#8220;call&#8221; or repay these securities with higher coupon or interest rates before the security&#8217;s maturity date. If interest rates are falling, the Fund may have to reinvest the unanticipated proceeds at lower interest rates, resulting in a decline in the Fund&#8217;s income.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Market Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The prices of the securities in the Fund are subject to the risk associated with investing in corporate bonds, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Sampling Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;s use of a representative sampling approach will result in its holding a smaller number of securities than are in the Index. As a result, an adverse development respecting an issuer of securities held by the Fund could result in a greater decline in net asset value (&#8220;NAV&#8221;) than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Index Tracking Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;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&#8217;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&#8217;s return may deviate significantly from the return of the Index. In addition, the Fund&#8217;s use of a representative sampling approach may cause the Fund to not be as well correlated with the return of the Index as would be the case if the Fund purchased all of the securities in the Index in the proportions represented in the Index. The Fund is expected to value some or all of its investments based on fair value prices.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Non-Diversified Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund is classified as a &#8220;non-diversified&#8221; investment company under the Investment Company Act of 1940, as amended (&#8220;1940 Act&#8221;). 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 issuer. As a result, the gains and losses on a single investment may have a greater impact on the Fund&#8217;s NAV and may make the Fund more volatile than more diversified funds.</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; color:#c1ef00;"><i>Concentration Risk.</i></font> <font style="font-family:sans-serif; font-size:3.5mm;">The Fund&#8217;s assets may be concentrated in a particular sector or sectors or industry or group of industries or geographic region to the extent the Index concentrates in a particular sector or sectors or industry or group of industries or</font></p> <p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">geographic region. To the extent that the Fund&#8217;s investments are concentrated in a particular sector, industry or geographic region, the Fund will be susceptible to loss due to adverse occurrences affecting that sector, industry or geographic region.</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 falsefalse21false0rr_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 falsefalse22false0rr_PerformanceNarrativeTextBlockrrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm;">The Fund has not yet commenced operations and therefore does not have a performance history. 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