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    Global Alternative Energy ETF (GEX)

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    GEX_icon_NEW

    The Global Alternative Energy ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid).

    The Ardour Global IndexSM (Extra Liquid) is a rules-based, global capitalization-weighted, float adjusted index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the alternative energy industry.

  • Ticker:- GEX;false;AGIXL;

  • Details

    Fund | Index

     

    As of June 30, 2010

    Fund Ticker
    GEX
    Intraday NAV (IIV)
    GEX.IV
    Index Ticker
    AGIXLT
    Exchange
    NYSE Arca
    Commencement Date
    05/03/2007


    Gross Expense Ratio *
    0.66%
    Net Expense Ratio *
    0.62%
    Options
    Available
    AUM
    $140.6M
    * Expenses for the fund are capped contractually at 0.62% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of May 31, 2010
    INCEPTION DATE
    01/01/2000
    CURRENCY
    USD
    PRICE/EARNING RATIO
    28.52
    PRICE/BOOK RATIO
    02/07/2010
    MARKET CAP
    $107.5 B
    52 WEEK HIGH/LOW
    1824.02 / n.a.

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of May 31, 2010
    		LIFE*1MO3MOYTD1YR5 YR†
    INDEX
    AGIXLT
    		-20.75-16.69-9.61-23.28-24.96n.a.
    FUND/NAV-20.80-16.93-9.97-23.56-25.39n.a.
    FUND/Share Price-20.78-16.12-9.50-23.00-25.53n.a.
    As of March 31, 2010
    		LIFE*1MO3MOYTD1YR5 YR†
    INDEX
    AGIXLT
    		-16.957.70-8.59-8.5925.58n.a.
    FUND/NAV-16.857.77-8.50-8.5025.84n.a.
    FUND/Share Price-16.967.90-8.20-8.2024.52n.a.
    *Commencement date: 05/03/2007
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflect current temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    As of May 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR5 YR†
    INDEX
    AGIXLT
    		-20.75%-16.69%-9.61%n.a.-23.28%-24.96%n.a.
    As of March 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR5 YR†
    INDEX
    AGIXLT
    		-16.95%7.70%-8.59%n.a.-8.59%25.58%n.a.
    *Commencement date: 01/01/2000
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.

  • Top 10 Holdings

    Fund | Index

     

    As of July 29, 2010 |TOTAL CONSTITUENTS: 31
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Vestas Wind Systems A/S VWS DC308,95315,492,295
    9.63%
    Cree Inc CREE US173,24912,207,125
    7.59%
    First Solar Inc FSLR US88,56011,999,880
    7.46%
    Kurita Water Industries Ltd 6370 JP258,6047,294,183
    4.53%
    Iberdrola Renovables SA IBR SM2,053,2857,217,564
    4.49%
    MEMC Electronic Materials Inc WFR US560,1216,306,962
    3.92%
    Verbund - Oesterreichische Elektrizitaetswirtschafts AG VER AV174,9926,245,974
    3.88%
    Itron Inc ITRI US96,1686,045,120
    3.76%
    China High Speed Transmission Equipment 658 HK2,544,0005,664,414
    3.52%
    Cosan Ltd CZZ US487,2265,442,314
    3.38%
    As of July 29, 2010 |TOTAL CONSTITUENTS: 30
    Holding
    % of net assets
    Vestas Wind Systems A/S VWSYF
    9.67%
    Cree Inc CREE
    7.58%
    First Solar Inc FSLR UQ
    7.46%
    Kurita Water Industries Ltd 6370 JT
    4.54%
    Iberdrola Renovables S.A. eDIBR
    4.49%
    Memc Electronic Materials Inc. WFR
    3.92%
    Verbund - Oesterreichische Ele VER AV
    3.88%
    Itron Inc ITRI UQ
    3.76%
    China High Speed Transmission Equipment Group jB0658
    3.54%
    Cosan Ltd CZZ UN
    3.38%

  • Key Features

    Fund | Index

     

    One-Trade Access to the Global Alternative Energy Sector

    a dynamic industry driven by the growing need for alternative fuel sources

    Pure Play with Global Scope

    index constituents must be principally engaged in the alternative energy industry, deriving over 50% of revenues from it

    Focused on Renewable Energy

    Index has a high concentration in companies whose technologies are involved with solar power, bio energy, wind power, hydro power and geothermal energy
    The Index comprises:

    A globally diversified group of companies engaged in the production of alternative fuels and/or related technologies

    Companies eligible for inclusion in Index:    
    • Principally engaged in the alternative energy industry
    • Market cap exceeding $100 million
    • Three-month average daily trading price greater than $1.00 per share 

    Index provider:    

    Ardour Global IndexesSM, LLC 

  • Index Sector Breakdown

    Index

     

    As of May 31, 2010
    Alternative Energy Sources70.2%
    Environmental Efficiency19.0%
    Enabaling Technology6.0%
    Environmental Technology4.9%

  • Index Country Breakdown

    Index

     

    As of May 31, 2010
    United States42.0%
    China13.5%
    Denmark11.1%
    Spain9.8%
    Germany6.1%
    Japan4.9%
    Austria3.9%
    Brazil3.1%
    Norway2.1%
    Taiwan1.9%
    France1.7%

  • 3-Year Index Statistics1

    Index

     

    As of May 31, 2010
    CORRELATION (VS. SPX) 0.83
    ANNUALIZED VOLATILITY 44.74
    BETA (VS. SPX)1.78
    SHARPE-0.53

  • Index Market Capitalization

     

    As of May 31, 2010
    LARGE (>5.0B)44.2%
    MEDIUM (1.0 - 5.0B)50.8%
    SMALL (<1.0B)5.0%
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    Important Disclosure

    The Fund is subject to various risks including those associated with making investments in alternative energy companies including obsolescence of technology, short product cycles, commodity price volatility, depletion of resources, technical developments and risks associated with companies with a limited operating history.

    "Ardour Global Indexes, LLCSM", "ARDOUR GLOBAL INDEXSM" (Composite), "ARDOUR COMPOSITESM", "ARDOUR GLOBAL INDEXSM (Extra Liquid)", "ARDOUR - XLSM", "ARDOUR GLOBAL ALTERNATIVE ENERGY INDEXESSM", "ARDOUR FAMILYSM",  are service marks of Ardour Global IndexesSM, LLC and have been licensed for use by Van Eck Associates Corporation.  Market Vectors Global Alternative Energy ETF is not sponsored, endorsed, sold or promoted by Ardour Global IndexesSM, LLC and Ardour Global IndexesSM, LLC makes no representation regarding the advisability of investing in the product(s).

    The Ardour Global Alternative Energy IndexSM (Extra Liquid) ("AGIXLT") is calculated by Dow Jones Indexes. Van Eck's Market Vectors Global Alternative Energy ETF, based on the AGIXLT, is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s).

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

    Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information.  Please read the prospectus carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor