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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 07/23/14

    • 30-Day SEC Yield1

      -0.70%
    • Total Net Assets

      $28.9M
    • 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
  • Index Key Points

    Underlying Index: Market Vectors Global Solar Energy Index (MVKWTTR)
    The Index comprises: 

    A globally diversified group of solar energy companies, including those engaged in photovoltaic and solar power, solar power equipment/technologies and materials or services to solar power equipment/technologies producers.

    Companies eligible for inclusion in Index: 

    • Full market cap exceeding $150 million
    • Three-month ADTV of at least $1M at current and two previous reviews
    • At least 250,000 shares traded per month for six months at current and two previous reviews

    Index provider: 

     Market Vector Index Solutions 

  • Index Profile

    • Ticker

      MVKWTTR
    • Inception Date

      08/18/2012
    • Rebalance Frequency

      Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)as of 06/30/14

    Total Constituents: 33
    Constituent Name
    Ticker
    Weightings (%)
    Solarcity Corp
    SCTY US
    8.91
    Memc Electronic Materials
    WFR US
    8.65
    First Solar Inc
    FSLR US
    8.20
    Gcl-Poly Energy Holdings Ltd
    3800 HK
    6.10
    Gt Solar International Inc
    GTAT US
    5.74
    Sunpower Corp
    SPWR US
    5.51
    Hanergy Solar Group Ltd
    566 HK
    5.28
    Shunfeng Photovoltaic Intl
    1165 HK
    5.21
    Meyer Burger Technology Ag
    MBTN SW
    4.46
    Canadian Solar Inc
    CSIQ US
    3.83
    Top 10 Total (%)61.89
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 06/30/14

    • Country

      Weightings (%)
    • U.S.

      38.5
    • CHINA

      22.4
    • TAIWAN

      14.5
    • HONG KONG

      7.2
    • NORWAY

      5.0
    • SWITZERLAND

      4.5
    • CANADA

      3.8
    • CAYMAN ISLANDS

      2.3
    • GERMANY

      1.3
    • SOUTH KOREA

      0.6
  • Index Sector Weightings (%)
    as of 06/30/14

    • Sector

      Weightings (%)
    • Information Technology

      82.1
    • Industrials

      15.6
    • n/a

      2.3