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The Market Vectors Renminbi Bond ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Renminbi Bond Index. The Index is designed to track the performance of fixed-rate Chinese renminbi-denominated (RMB) bonds, issued by Chinese and non-Chinese corporate, government, quasi-government or supranational issuers, that are available to market participants outside of mainland China. RMB Bonds included in the Index or the parent company of an RMB Bond issuer must have at least one investment grade rating.