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From May 2019 to May 2024
The Ardour Solar Energy IndexSM (Bloomberg
ticker: SOLRX), the pure-play leader in tracking the solar energy
industry, returned 8.4% in August 2008 and -24.8% year-to-date through
end-August 2008.*
The SOLRX index is comprised of a basket of securities of companies from
around the world that are engaged in various aspects of the solar energy
industry, including solar electricity, heating and lighting. The Index
includes only those companies that generate at least 66% of their
revenues from solar energy. On an index-weighted basis, the constituents
of SOLRX derive well over 90% of their revenues from solar energy.
SOLRX was launched on April 21, 2008 and includes many companies of
global prominence—such as First Solar, Q Cells
and Renewable Energy, with weightings of 10.3%, 9.4% and 11.5%,
respectively, as of August 31, 2008. The Index comprised 34 companies in
all as of that same date. SOLRX is published by Ardour Global Indexes,
LLCSM and is a member of the Ardour FamilySM
of Alternative Energy Indexes, which serve as leading alternative energy
industry benchmarks.
Market Vectors—Solar Energy ETF (Amex: KWT)
seeks to replicate as closely as possible, before fees and expenses, the
price and yield performance of the SOLRX index. KWT generally holds all
the securities that make up the Index in proportion to their Index
weightings.
*Past performance does not guarantee future results. The Index’s
return does not represent the performance of any fund. The Index charges
no fees, including management fees or brokerage expenses, and no such
fees or expenses were deducted from the performance shown. Investors
cannot invest directly in the Index.
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.
About the Ardour Solar Energy IndexSM
(SOLRX)
The Ardour Solar Energy IndexSM is a
rules-based, modified global-capitalization-weighted, float-adjusted
index intended to give investors an efficient means of tracking the
overall performance of a global universe of listed companies engaged in
the solar industry. The Index is weighted based on the market
capitalization of each of the component stocks, modified to conform to
various asset diversification requirements, which are applied in
conjunction with the scheduled quarterly adjustments to the Index. Index
values are calculated on both a price-only and total-return basis.
About Ardour Global Indexes, LLCSM
Ardour Global Indexes, LLCSM was founded
in 2005 for the express purpose of developing bench-marking tools for
the global alternative energy industry. It is a partnership between
Ardour Capital Investments, LLC, a premier investment bank specializing
in alternative energy finance, and S-Network Energy Technologies, LLC, a
developer of indexes and investment products focused on both traditional
and alternative energy.
Ardour Global Indexes, LLCSM and Ardour Solar
Energy IndexSM are service marks of Ardour
Global Indexes, LLCSM and have been licensed
for use by Van Eck Associates Corporation in connection with Market
Vectors–Solar Energy ETF (KWT). KWT 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 KWT. The
Ardour Solar Energy IndexSM is calculated by
Dow Jones Indexes. Van Eck’s Market Vectors–Solar
Energy ETF (KWT), based on the Ardour Solar Energy IndexSM,
is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and
Dow Jones Indexes makes no representation regarding the advisability of
investing in KWT.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S.
money managers helping investors achieve greater diversification through
global investing. Today, the firm continues that 50+ year tradition by
offering global investment choices in hard assets, emerging markets,
precious metals including gold, and other specialized asset classes.
Van Eck also offers a number of mutual funds. Van Eck’s
mutual funds are sold nationwide through retail brokers, financial
planners and investment advisors. Designed for investors seeking
innovative choices for portfolio diversification, they are often
categorized in asset classes having returns with low correlations to
those of more traditional U.S. equity and fixed income investments.
Van Eck also offers exchange-traded funds, separate accounts and
alternative investments. In addition, it offers the Worldwide Insurance
Trust Funds, a series of investment choices within the variable annuity
contracts and variable life policies of widely known and highly regarded
insurers.
KWT is subject to risks associated with the stock market, index
tracking, sector investing, investing in small- or mid-cap companies,
foreign investments, replication management, non-diversified
investments, absence of prior active market, trading issues, fluctuation
of net asset value and risks of investing in solar energy investments.
Because of their narrow focus, sector investments tend to be more
volatile than investments that diversify across many sectors and
companies.
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 NAV in
the secondary market.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/kwt
for a free prospectus. They should consider the investment
objective, risks, and charges and expenses of Market Vectors-Solar
Energy ETF carefully before investing. The prospectus contains this and
other information about KWT. Please read the prospectus carefully before
investing.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/kwt
for the most recent month-end performance of Market Vectors-Solar Energy
ETF. This information will be available no later than seven business
days after the most recent month end.
Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York,
NY 10016