Claymore/MAC Global Solar Energy Index ETF (TAN)

QUOTE AND NEWS
Benzinga  Apr 18  Comment 
The Guggenheim Solar ETF (NYSE: TAN), the largest exchange-traded fund dedicated to solar stocks, is up a solid-though-not-spectacular 4.4 percent year-to-date. TAN's 2017 performance, at least to this point, belies some encouraging solar industry...
The Hindu Business Line  Apr 11  Comment 
CBDT says in 19,704 firms got PAN in one day till March 31
The Hindu Business Line  Apr 11  Comment 
Benzinga  Feb 14  Comment 
The Guggenheim Solar ETF (NYSE: TAN) stumbled last year, but the largest solar exchange-traded fund is showing signs of shaking out of those doldrums. Year-to-date, TAN is higher by more than 7 percent, and with a move of just over 5 percent, the...
Benzinga  Sep 27  Comment 
This year has not been kind to solar stocks and the relevant exchange-traded funds. The Guggenheim Solar ETF (NYSE: TAN), the largest dedicated solar ETF, is off 5.5 percent over just the past month, bringing its year-to-date loss to nearly 35...
WA Business News  Aug 25  Comment 
A chemical plant making an ingredient for explosives in the Pilbara is an example of Western Australia’s economic diversity, according to Premier Colin Barnett, who predicted manufacturing would undergo growth in the state despite its years of...
The Times of India  Jul 22  Comment 
Companies can now obtain PAN or TAN registration within a day if they submit digital signature certificate-based application, thereby ensuring ease of doing business, Income Tax department said on Friday.
Benzinga  Jun 23  Comment 
Underscoring just how tough this year has been on solar stocks, the Guggenheim Solar ETF (NYSE: TAN) fell nearly 1 percent Wednesday, the same day investors absorbed news of Tesla Motors Inc (NASDAQ: TSLA) bidding $2.8 billion for SolarCity Corp...
Benzinga  Jun 1  Comment 
Millennials, don't worry if you don't get the song being referenced in the headline. It paints the picture of the current state of affairs for the Guggenheim Solar ETF (NYSE: TAN) and its holdings. Over its more than eights years on the...
Benzinga  Apr 7  Comment 
Solar equities have been embroiled in controversy this year, much of it thanks to Sunedison Inc (NYSE: SUNE), which according to some reports, has retained a bankruptcy firm. That stock has lost nearly 93 percent of its value this year, so it's...




 
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Claymore/MAC Global Solar Energy Index ETF (TAN)

Overview

The "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the MAC Global Solar Energy Index (the “Index”). The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that comprise the Index. Claymore Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent a perfect correlation.

The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before fees and expenses, the performance of the Index. The Index is designed to track companies within the following business segments of the solar energy industry: companies that produce solar power equipment and products for end-users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers, companies that supply raw materials or components to solar power equipment producers or integrators; companies that derive a significant portion of their business (measured in the manner set forth below under “Index Methodology" section) from solar power system sales, distribution, installation, integration or financing; and companies that specialize in selling electricity derived from solar power. The Index is currently comprised of approximately 25 stocks selected based upon the relative importance of solar power within the company’s business model, as determined by MAC Indexing LLC ("MAC"). [1]

Fund Information

  • Fund Manager - Claymore Advisors
  • Inception Date - 04/15/2008
  • Exchange – NYSE Arca
  • Index Ticker - TAN
  • Intra-day NAV Ticker - TANIV
  • Expense Ratio - 0.65%

Top Holdings

Holdings % of the portfolio
FIRST SOLAR INC 11.62%
RENEWABLE ENERGY CORP AS 6.95%
SOLARWORLD AG 6.09%
SUNPOWER CORP-A 5.41%
SUNTECH POWER HOLDINGS ADR 5.16%
MEMC ELECTRONIC MATERIALS INC 4.84%
TRINA SOLAR LTD-SPON ADR 4.78%
Q-CELLS AG 4.64%
YINGLI GREEN ENERGY - ADR 4.39%
SMA SOLAR TECHNOLOGY 4.05%


Holdings as of 23/10/2009

Other Renewable Energy ETFs

ETF Name Fund Manager Expense Ratio
Claymore/MAC Global Solar Energy Index ETF (TAN)Claymore Advisors0.65%
First Trust ISE Global Wind Energy Index Fund (FAN)First Trust Portfolios L.P0.60%
Global Water Portfolio ETF (PIO)Invesco PowerShares0.75%
Global Wind Energy Portfolio ETF (PWND)Invesco PowerShares0.75%
Global Wind Energy Portfolio ETF (PWND)Invesco PowerShares0.75%
iShares Goldman Sachs Natural Resources Index Fund (IGE)ishares0.48%
Market Vectors - Solar Energy ETF (KWT)Van Eck Funds0.65%


References

  1. - Overview of Claymore/MAC Global Solar Energy Index ETF (TAN)
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