Basic Fund Data
Fund Provider:	Van Eck Associates
Asset Class:	Equity
Fund Category:	Global Industry Sector
Ticker:	KWT
Expense Ratio:	0.65%
Fund Category Expense Ratio Average:	0.62%
Options:	Yes
Fund Inception Date:	04-21-2008
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	Ardour Solar Energy Index
Index Provider:	Ardour Global Indexes
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Screened
Security Selection Method:	Thematic
Security Selection Frequency:	Quarterly
Index Weighting Category:	Capitalization
Index Weighting Method:	Modified
Index Weighting Frequency:	Daily

Market Price Return
1-Year:	-22.31%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	-10.62
2008:
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$27.3
P/E Ratio:	12.45
P/B Ratio:	1.59
Median Market Cap:	$1959.8
12-month yield:	0%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	-1.88
Beta:	2.18
Standard Deviation:	18.33
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The Market Vectors Solar Energy ETF (Ticker: KWT) seeks investment results that correspond generally to the performance, before fees and expenses, of the Ardour Solar Energy Index. The index is a compilation of global solar energy stocks that are principally engaged in the business of producing solar energy. The comprises public companies in three primary solar energy sectors: a) Photovoltaics, b) Solar Thermal, and c) Solar Lighting. A principally engaged company must derive 66% or more of its annual revenues from its participation in the solar energy sector. On a weighted basis, the index derives well in excess of 90% of its revenues from the solar industry. The index includes approx. 27 stocks and employs a modified float-adjusted market capitalization weighting methodology. The weight of any individual stock is capped at 10% and the combined weight of all stocks with weights over 5% is capped at 40%. The index is rebalanced quarterly. The index is heavily weighted in Germany, China and Norway.