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, LLC(SM) and is a member of the Ardour Family(SM) 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.
Regards,
frenchee
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