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Claymore/MAC Global Solar Energy Index ETF (TAN) |
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
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 Advisors | 0.65% |
| First Trust ISE Global Wind Energy Index Fund (FAN) | First Trust Portfolios L.P | 0.60% |
| Global Water Portfolio ETF (PIO) | Invesco PowerShares | 0.75% |
| Global Wind Energy Portfolio ETF (PWND) | Invesco PowerShares | 0.75% |
| Global Wind Energy Portfolio ETF (PWND) | Invesco PowerShares | 0.75% |
| iShares Goldman Sachs Natural Resources Index Fund (IGE) | ishares | 0.48% |
| Market Vectors - Solar Energy ETF (KWT) | Van Eck Funds | 0.65% |
References
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