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    KWT_icon_NEW

    The Solar Energy ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Solar Energy IndexSM.

    The Index is a rules-based, modified 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 solar energy industry.

  • Ticker:- KWT;false;SOLRX;

  • Details

    Fund | Index

     

    Fact Sheet PDF
    As of August 31, 2010

    Fund Ticker
    KWT
    Intraday NAV (IIV)
    KWT.IV
    Index Ticker
    SOLRXT
    Exchange
    NYSE Arca
    Commencement Date
    04/21/2008


    Gross Expense Ratio *
    0.96%
    Net Expense Ratio *
    0.66%
    Options
    Available
    AUM
    $24.4MM
    * Expenses for the fund are capped contractually at 0.65% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010
    INCEPTION DATE
    04/21/2008
    CURRENCY
    USD
    PRICE/EARNING RATIO
    20.81
    PRICE/BOOK RATIO
    1.81
    MARKET CAP
    $37.8 B
    52 WEEK HIGH/LOW
    2455.23 / 1326.11

  • Prices

     

    As of September 03, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Solar Energy ETFKWT $11.91
    $11.91         		2,469
    $0.12 + 1.0%

    $0.13 + 1.1%
    		- 23.5%
    - 23.2%
    		$0.00
    0%     		Chart Export 0.96/0.66

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of July 31, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    SOLRXT
    		15.06-12.43-28.58-27.24n.a.n.a.n.a.-43.02
    FUND/NAV15.60-11.89-28.18-26.56n.a.n.a.n.a.-43.14
    FUND/Share Price15.50-11.90-27.92-27.28n.a.n.a.n.a.-43.16
    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    SOLRXT
    		-3.34-25.53-37.93-35.02n.a.n.a.n.a.-47.71
    FUND/NAV-47.93-3.39-25.60-37.87-34.85n.a.n.a.-47.93
    FUND/Share Price-3.59-25.37-37.59-34.98n.a.n.a.n.a.-47.93
    *Commencement date: 04/21/2008
    †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 July 31, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    SOLRXT
    		-43.02%15.06%-12.43%-15.19%-28.58%-27.24%n.a.n.a.n.a.
    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    SOLRXT
    		-47.71%-3.34%-25.53%n.a.-37.93%-35.02%n.a.n.a.n.a.
    *Commencement date: 04/21/2008
    †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 September 03, 2010 |TOTAL CONSTITUENTS: 33
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Trina Solar Ltd TSL US100,7012,793,446
    10.66%
    First Solar Inc FSLR US19,9322,719,721
    10.38%
    MEMC Electronic Materials Inc WFR US204,8602,251,411
    8.59%
    Renewable Energy Corp ASA REC NO691,0182,062,232
    7.87%
    Gintech Energy Corp 3514 TT383,7991,186,952
    4.53%
    JA Solar Holdings Co Ltd JASO US184,6571,179,958
    4.50%
    Yingli Green Energy Holding Co Ltd YGE US99,9871,173,847
    4.48%
    Solarworld AG SWV GR90,9561,106,178
    4.22%
    SMA Solar Technology AG S92 GR9,5381,034,920
    3.95%
    Suntech Power Holdings Co Ltd STP US102,174910,370
    3.47%
    As of September 03, 2010 |TOTAL CONSTITUENTS: 32
    Holding
    % of net assets
    Trina Solar Ltd. TSL UN
    10.70%
    First Solar Inc FSLR UQ
    10.42%
    Memc Electronic Materials Inc. WFR
    8.62%
    Renewable Energy Corp As RNWEF
    7.85%
    Ja Solar Holdings Co Ltd JASO UQ
    4.52%
    Yingli Green Energy Holding Co YGE
    4.50%
    Gintech Energy Corp. jJ3514
    4.48%
    Solarworld Ag SWV GY
    4.24%
    Sma Solar Technology Ag eiS92
    3.95%
    Suntech Power Holdings Co Ltd STP UN
    3.49%

  • Key Features

    Fund | Index

     

    One-Trade Access to the Dynamic Global Solar Industry

    the fastest growing source of renewable and overall energy

    Pure Play with Global Scope

    index constituents must be principally engaged in solar power and related products and services, deriving at least 66% of revenues from it

    Comprehensive Portfolio

    covers companies worldwide involved in all major segments of the solar industry: photovoltaic (PV), solar thermal and solar lighting
    The Index comprises:

    A global group of companies involved in photovoltaic (PV), solar heating and solar lighting  

    Companies eligible for inclusion in Index:
    • Principally engaged in solar power and related products and services, deriving at least 66% of revenues from it
    • Market cap exceeding $100 million
    • Three-month trading volume equal to or greater than $1 million per day
    • Trade on approved stock exchange as an ordinary, ADR or GDR, and have no material restrictions on foreign investment
    • Additional tests for revenue, free float, price and exchange listing

    Index provider:

    Ardour Global Indexes, SM LLC  

  • Index Country Breakdown

    Index

     

    As of June 30, 2010
    United States29.20%
    China27.30%
    Germany21.70%
    Taiwan10.20%
    Norway7.80%
    Canada3.30%
    Spain0.50%

  • Index Market Capitalization

     

    As of June 30, 2010
    LARGE (>5.0B)10.6%
    MEDIUM (1.0 - 5.0B)48.2%
    SMALL (<1.0B)41.2%
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    Important Disclosure

    The Fund is subject to various risks including those associated with making investments in companies engaged in the solar energy business such as competitive pressures, changes in government policy and regulation, economic and political conditions, world events and risks related to foreign investments. Additional risks include short product cycles, technological developments and obsolescence, commodity and energy price volatility, depletion of resources and a variety of risks associated with companies with limited operating histories.

    The Ardour Solar Energy Index SM is published by Ardour Global Indexes, LLC SM, and is licensed for use by Van Eck Associates Corporation in connection with Market Vectors Solar Energy ETF (KWT). Market Vectors Solar Energy ETF is not sponsored, endorsed, sold or promoted by Ardour Global Indexes, LLCSM and Ardour Global Indexes, LLCSM makes no representation regarding the advisability of investing in the product(s).

    The Ardour Solar Energy Index SM is calculated and maintained by Dow Jones Indexes. Van Eck's Market Vectors Solar ETF 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. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    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