This area contains a Flash movie, but your computer doesn't support Flash.
logo
 
  


This area contains a Flash movie, but your computer doesn't support Flash.
Fund Overview
Index Overview  

1.888.MKT.VCTR 
   Solar Energy ETF (KWT)

Kilowatts for the future

KWT seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Solar Energy IndexSM, SOLRX, the pure-play leader in tracking the global solar industry. The Index provides exposure to publicly traded companies from around the world that derive at least 66% of their revenues from solar energy. On a weighted basis, the companies in the Index derive in excess of 90% of their revenues from the solar industry. As such, the Fund is subject to the risks of investing in this sector.


Performance History
Prices and Returns
Month-End| Quarter-End
As of October 31, 2008

LIFE* 1 MO  YTD     1 YR 5 YR+
INDEX (SOLRX) -59.61% -42.18% -69.39% -64.62% n.a.
FUND NAV -59.79% -42.56% n.a. n.a. n.a.
Share Price -59.51% -40.02% 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 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. Performance current to the most recent month-end is available by calling 1.888.MKT.VCTR.



Associated Risks
Sector Risk
subject to unpredictable drops in value
Non-Diversification Risk
susceptible to single market events
Foreign Investment
subject to political and economic risks
 
Paying More than NAV
price may vary from NAV
Tracking Error
may be unable to replicate Index results
Securities Lending
subject to credit and counterparty risk

Fund Details
Fact Sheet PDF
As of November 28, 2008
Fund Ticker  KWT
Intraday NAV (IIV)  KWT.IV
Index Ticker  SOLRX
Exchange  NYSE Arca
Commencement Date 04/21/2008
Gross Expense Ratio * 1.09%
Net Expense Ratio * 0.65%
Options  Available
AUM  $16.3M
* Expenses capped contractually    through 05/01/2009

ETF Benefits
Intraday Access
buy or sell anytime during the trading day
Liquidity
traded and supported by market makers and specialists
Transparency
complete index holdings readily available
Tax Efficiency
fund's operation seeks to minimize turnover and capital gains distributions
Diversification
capture a basket of global solar energy securities in one transaction
Trading Flexibility
ability to short; margin eligibility

Market Vectors-Solar Energy ETF 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.

All performance information presented for the Index covering the period prior to April 21, 2008 is based on hypothetical, back-tested data. Prior to April 21, 2008, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.

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).

All performance information presented for the Index covering the period prior to April 21, 2008 is based on hypothetical, back-tested data. Prior to April 21, 2008, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.

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.

For more information on the Market Vectors ETF and the underlying Index, call 1.888.MKT.VCTR. Investing involves risk, including possible loss of principal. Please see the prospectus for more details. Market Vectors ETF shares trade like stocks, are subject to investment risk and will fluctuate in market value. The market price of the Market Vectors ETF's shares may be more or less than the net asset value. An investor should consider the investment objective, risks, charges and expenses of the Market Vectors ETFs carefully before investing . The  prospectus contains this and other information about Market Vectors ETFs. Please read the prospectus carefully before investing.

Not FDIC Insured — No Bank Guarantee — May Lose Value

MORE INFORMATION FOR INVESTMENT PROFESSIONALS:   ID:   Password:            Not Registered?
 FEEDBACK |  SITE MAP | LEGAL Funds distributed through Van Eck Securities Corporation.