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Solar Energy ETF KWT

  • Full Name: Market Vectors®
    Solar Energy ETF (KWT®)

    Management Style: Replication

    Underlying Index: Market Vectors® Global Solar Energy Index (MVKWTTR)

    Index Provider: Market Vectors Index Solutions

    Index Description: MVKWTTR is a rules-based, modified-capitalization-weighted, float-adjusted index intended to give investors exposure to the overall performance of the global solar energy industry.

  •  
      

    • Fund Ticker

      KWT
    • Exchange

      NYSE Arca
    • Commencement

      04/21/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVKWTTR
    • Index Rebalancing

      Quarterly
  •  
    as of 08/20/14

    • 30-Day SEC Yield1

      -0.57%
    • Total Net Assets

      $25.0M
    • Number of Holdings

      34
    • Options

      Available
    • Gross Expense Ratio2

      1.54%
    • Net Expense Ratio/TER2

      0.66%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • Key Points

    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 50% of revenues from it
    Comprehensive Portfolio  
    Covers all major segments of the solar industry: photovoltaic (PV), solar thermal and solar lighting
  • Trading Information

    • Fund Ticker

      KWT
    • Index Total Return Ticker

      MVKWTTR
    • NAV

      KWTNV
    • Intraday NAV (IIV)4

      KWTIV
    • Shares Outstanding

      300,000
    • Estimated Cash

      KWTEU
    • Total Cash

      KWTTC
    • CUSIP

      57061R783
    • ISIN

      US57061R7834
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      1.04%
    • Gross Expense Ratio

      1.54%
    • Fee Waivers and
      Expense Reimbursement

      -0.88%
    • Net Expense Ratio/TER2

      0.66%
    2 Expenses for KWT are capped contractually at 0.65% until at least May 1, 2015. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Prices as of 08/20/2014

    TickerNAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    KWT $83.44
    $83.22
    2,000
    1,429
    $0.14 / +0.17%
    $0.73 / +0.88%
    + 14.9%
    + 14.3%

    $-0.22
    -0.26%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/21/08
    KWT (NAV) -10.58 -1.68 7.26 43.62 -14.70 -17.53 -- -26.59
    KWT (Share Price) -10.64 -1.45 7.20 43.98 -14.60 -17.64 -- -26.56
    MVKWTTR (Index) 5 -10.15 -1.01 8.10 44.16 -16.15 -18.66 -- -27.24
    Performance Differential (NAV - Index) -0.43 -0.67 -0.84 -0.54 1.45 1.13 -- 0.65
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/21/08
    KWT (NAV) 7.45 2.24 19.95 85.11 -15.47 -15.24 -- -25.57
    KWT (Share Price) 7.68 2.44 19.96 85.09 -15.41 -15.22 -- -25.53
    MVKWTTR (Index) 5 7.62 2.07 20.32 84.27 -17.08 -16.45 -- -26.29
    Performance Differential (NAV - Index) -0.17 0.17 -0.37 0.84 1.61 1.21 -- 0.72
  • View All Holdings »Top 10 Holdings (%)as of 07/31/14

    Total Holdings: 34
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Solarcity Corp
    SCTY US
    38,295
    2,739,24110.05
    Memc Electronic Materials Inc
    SUNE US
    115,220
    2,304,4008.45
    First Solar Inc
    FSLR US
    34,997
    2,208,6618.10
    Gcl-Poly Energy Holdings Ltd
    3800 HK
    5,602,000
    1,808,5166.63
    Hanergy Solar Group Ltd
    566 HK
    10,488,000
    1,651,0046.06
    Sunpower Corp
    SPWR US
    40,878
    1,501,4495.51
    Shunfeng Photovoltaic International Ltd
    1165 HK
    1,208,000
    1,340,3734.92
    Gt Solar International Inc
    GTAT US
    95,796
    1,325,8174.86
    Meyer Burger Technology Ag
    MBTN SW
    88,708
    1,042,4753.82
    Renewable Energy Corp Asa
    REC NO
    1,786,122
    980,3333.60
    Top 10 Total (%)62.00
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%)
    as of 07/31/14

    • Country

      % of Net Assets
    • U.S.

      38.5
    • CHINA

      33.2
    • TAIWAN

      14.5
    • NORWAY

      5.0
    • SWITZERLAND

      3.8
    • CANADA

      3.6
    • GERMANY

      1.0
    • SOUTH KOREA

      0.6
    • Other

      -0.2
  • Sector Weightings (%)
    as of 07/31/14

    • Sector

      % of Net Assets
    • Information Technology

      80.0
    • Industrials

      15.9
    • n/a

      4.3
    • Other

      -0.2