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KWT
VanEck Vectors Solar Energy ETF

  • Fund Description

    VanEck Vectors® Solar Energy ETF (KWT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Solar Energy Index (MVKWTTR), which is intended to track the overall performance of companies involved in photovoltaic and solar power, or the provision of solar power equipment/technologies and materials or services to solar power equipment/technologies producers.

  •  
      

    • 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 07/25/17

    • 30-Day SEC Yield1

      0.44%
    • Total Net Assets

      $12.8M
    • Number of Holdings

      29
    • Options

      Expected
    • Gross Expense Ratio2

      1.30%
    • Net Expense Ratio/TER2

      0.65%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • 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

      92189F874
    • ISIN

      US92189F8749
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.80%
    • Gross Expense Ratio

      1.30%
    • Fee Waivers and
      Expense Reimbursement

      -0.65%
    • Net Expense Ratio/TER2

      0.65%
    2Expenses for KWT are capped contractually at 0.65% until at least May 1, 2018. Cap excludes certain expenses, such as interest.
  • Prices as of 07/25/17

    NAV/
    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 $42.59
    $41.95
    1,713
    1,713
    -$0.01 / -0.02%
    $-1.12 / -2.60%
    +24.59%
    +21.56%
    $-0.64
    -1.51%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/21/08
    KWT (NAV)2.959.5315.27-6.61-21.762.13---24.35
    KWT (Share Price)4.2411.8016.14-3.36-21.382.57---24.20
    MVKWTTR (Index) 53.009.7513.99-7.95-23.610.30---25.42
    Performance Differential (NAV - Index)-0.05-0.221.281.341.851.83--1.07
    Quarter End as of 06/30/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/21/08
    KWT (NAV)2.959.5315.27-6.61-21.762.13---24.35
    KWT (Share Price)4.2411.8016.14-3.36-21.382.57---24.20
    MVKWTTR (Index) 53.009.7513.99-7.95-23.610.30---25.42
    Performance Differential (NAV - Index)-0.05-0.221.281.341.851.83--1.07
  • Daily HoldingsTop 10 Holdings (%)  as of 06/30/17

    Total Holdings: 30
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Energy Absolute Pcl
    EA-R TB
    1,037,800
    1,053,2188.91
    First Solar Inc
    FSLR US
    24,583
    980,3708.29
    Gcl-Poly Energy Holdings Ltd
    3800 HK
    7,099,800
    772,8486.54
    Xinyi Solar Holdings Ltd
    968 HK
    2,548,400
    727,7206.15
    Atlantica Yield Plc
    ABY US
    32,541
    695,0765.88
    Sino-American Silicon Products Inc
    5483 TT
    407,000
    603,5865.10
    Meyer Burger Technology Ag
    MBTN SW
    430,703
    539,0874.56
    Canadian Solar Inc
    CSIQ US
    31,496
    501,4164.24
    Superblock Pcl
    SUPER-R TB
    11,079,300
    452,9993.83
    United Photovoltaics Group Ltd
    686 HK
    3,350,000
    446,2383.77
    Top 10 Total (%)57.27
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 06/30/17

    • Country

      % of Net Assets
    • UNITED STATES

      22.74
    • CHINA

      21.60
    • THAILAND

      15.25
    • TAIWAN

      14.36
    • SPAIN

      8.63
    • SWITZERLAND

      4.56
    • CANADA

      4.24
    • FRANCE

      3.51
    • GERMANY

      3.49
    • SOUTH KOREA

      2.19
    • Other/Cash

      -0.58
  • Sector Weightings (%) as of 06/30/17

    • Sector

      % of Net Assets
    • Information Technology

      63.6
    • Utilities

      24.7
    • Energy

      8.9
    • Industrials

      3.3
    • Other/Cash

      -0.6
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules. 

    130-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Solar Energy ETF would have been -0.34% on 07/25/2017.

    2KWT Fees & Expenses: Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.65% of the Fund's average daily net assets per year until at least May 1, 2018. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    4IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    5Index data prior to March 18, 2013 reflects that of the Ardour Solar Energy Index (SOLRXT). From March 18, 2013, forward, the index data reflects that of the Fund's underlying index, MVIS Global Solar Energy Index (MVKWTTR).  Index history which includes periods prior to March 18, 2013 reflects a blend of the performance of SOLRXT and MVKWTTR and is not intended for third party use.

    6The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    An investment in the Fund may be subject to risks which include, among others, investing in solar energy companies, Asian, Chinese, and Taiwanese issuers, foreign securities, emerging market issuers, foreign currency, depositary receipts, utilities sector, small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, replication management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Investing in Chinese issuers involves risks which include, among others, lack of liquidity and price volatility, currency devaluations and exchange rate fluctuations, intervention by the Chinese government, nationalization or expropriation, limitations on the use of brokers, and trade limitations, all of which may adversely affect the Fund. Foreign and emerging markets investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, changes in currency exchange rates, unstable governments, and limited trading capacity which may make these investments volatile in price or difficult to trade. Small- and medium- capitalization companies may be subject to elevated risks. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    MVIS Global Solar Energy Index is the exclusive property of MV Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MV Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Vectors Solar Energy ETF is not sponsored, endorsed, sold or promoted by MV Index Solutions GmbH and MV Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

    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.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

    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. 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 substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.