“Demand for energy will surely increase, but the use of carbon-based fuels will make the planet dirtier. The hard part is knowing which technology to invest in. Solar, wind, geothermal and others are options, though trying to pick the ultimate winner may not appeal to everyone, which is where a broad-based exchange traded fund like iShares S&P Global Clean Energy Index Fund(ICLN) comes in,” Roger Nusbaum Reports From The Street.
“The ETF covers a lot of ground. The iShares Web site breaks down the holdings by industry group, which may not tell the whole story. The fund allocates 45% to solar, 33% to producers and transmitters of energy, 15% to wind power as well as a few battery makers and a geothermal company. The U.S. is the largest country in the fund, at 24%, followed by China (solar stocks), 17%, Spain and Germany, 14%, and Norway and Chile each get 5%. There are 12 countries in all,” Nusbaum Reports.
“The fund has been volatile since it debuted in June 2008. At its worst, it was down 80% from its peak, compared with about 45% for the S&P 500 Index and about 55% for the Energy Select Sector SPDR(XLE). All three bottomed in March. But since then, iShares S&P Global Clean Energy is up 70% versus 60% for the S&P 500 and not quite 50% for the Energy Sector SPDR,” Nusbaum Reports.
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The investment (ICLN) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of S&P Global Clean Energy index. The fund generally invests at least 90% of assets in securities of the underlying index and depositary receipts representing securities of the underlying index. It may invest the remainder of assets in securities not included in underlying index but which BGFA believes will help the fund track the underlying index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including shares of money market funds advised by BGFA. It is nondiversified.
Holdings Detail of (ICLN) as of 10/23/2009 (Holdings subject to change)
|Symbol||Name||% Net Assets||Market Value ($)||Identifier*||Market||Sector||Exchange Rate|
|(VWS)||VESTAS WIND SYSTEMS A/S||5.32||$4,628,469||—||XCSE||Electrical Equipment||4.96|
|(CVA)||COVANTA HOLDING CORP||5.15||$4,478,922||—||XNYS||Commercial Services & Supplies||1.00|
|(SWV)||SOLARWORLD AG||5.05||$4,392,648||—||XETR||Electrical Equipment||0.67|
|(EOC)||EMPRESA NAC ELEC-CHIL-SP ADR||5.05||$4,385,573||—||XNYS||Independent Power Producers & Energy Traders||1.00|
|(ELP||CIA PARANAENSE ENER-SP ADR P||5.04||$4,381,059||—||XNYS||Electric Utilities||1.00|
|(REC)||RENEWABLE ENERGY CORP AS||5.02||$4,364,469||—||XOSL||Electrical Equipment||5.54|
|(FSLR)||FIRST SOLAR INC||4.98||$4,326,657||—||XNMS||Electrical Equipment||1.00|
|(IBR)||IBERDROLA RENOVABLES||4.84||$4,210,292||—||XMCE||Independent Power Producers & Energy Traders||0.67|
|(EDPR)||EDP RENOVAVEIS SA||4.64||$4,029,301||—||XLIS||Independent Power Producers & Energy Traders||0.67|
|(GAM)||GAMESA CORP TECNOLOGICA SA||4.61||$4,010,155||—||XMCE||Electrical Equipment||0.67|
|(SPWRA)||SUNPOWER CORP-CLASS A||4.48||$3,897,416||—||XNMS||Electrical Equipment||1.00|
|(STP)||SUNTECH POWER HOLDINGS-ADR||4.44||$3,858,838||—||XNYS||Electrical Equipment||1.00(|
|(WFR)||MEMC ELECTRONIC MATERIALS||4.23||$3,680,488||—||XNYS||Semiconductors & Semiconductor Equipment||1.00|
|(QCE)||Q-Cells SE||3.93||$3,413,178||—||XETR||Electrical Equipment||0.67|
|(EEN)||EDF ENERGIES NOUVELLES SA||3.77||$3,276,472||—||XPAR||Independent Power Producers & Energy Traders||0.67|
|(NDX1)||NORDEX AG||3.39||$2,944,611||—||XETR||Electrical Equipment||0.67|
|(IFN)||INFIGEN ENERGY||3.31||$2,878,068||—||XASX||Independent Power Producers & Energy Traders||1.08|
|(YGE)||YINGLI GREEN ENERGY HOLD-ADR||3.17||$2,759,377||—||XNYS||Electrical Equipment||1.00|
|(LDK)||LDK SOLAR CO LTD – ADR||3.11||$2,702,854||—||XNYS||Semiconductors & Semiconductor Equipment||1.00|
|(JASO)||JA SOLAR HOLDINGS CO LTD-ADR||2.32||$2,015,046||—||XNGS||Electrical Equipment||1.00|
|(ORA)||ORMAT TECHNOLOGIES INC||2.28||$1,981,294||—||XNYS||Independent Power Producers & Energy Traders||1.00|
|(ENER)||ENERGY CONVERSION DEVICES||2.28||$1,979,602||—||XNGS||Electrical Equipment||1.00|
|(TSL)||TRINA SOLAR LTD-SPON ADR||2.21||$1,921,383||—||XNYS||Semiconductors & Semiconductor Equipment||1.00|
|(PS4)||PHOENIX SONNENSTROM AG||1.30||$1,132,865||—||XETR||Trading Companies & Distributors||0.67|
|(PVCS)||PV CRYSTALOX SOLAR PLC-WI||1.30||$1,128,732||—||XLON||Electrical Equipment||0.61|
|(SOLF)||SOLARFUN POWER HOLD-SPON ADR||1.21||$1,053,029||—||XNGS||Electrical Equipment||1.00|
|(2766)||JAPAN WIND DEVELOPMENT CO||1.08||$939,105||—||XTKS||Electric Utilities||91.95|
|(ESLR)||EVERGREEN SOLAR INC||0.96||$831,992||—||XNMS||Electrical Equipment||1.00|
|(FCEL)||FUELCELL ENERGY INC||0.76||$659,676||—||XNMS||Electrical Equipment||1.00|
|(SOLR)||GT SOLAR INTERNATIONAL INC||0.58||$501,367||—||XNMS||Electrical Equipment||1.00|
|—||BGIF TREASURY MONEY MARKET SL AGENCY SHARES||0.03||$27,600||—||—||S-T Securities||1.00|
The investment (XLE) includes companies from the following industries: oil, gas, energy equipment & services. The fund will normally invest at least 95% of its total assets in common stocks that comprise the relevant Select Sector Index. The Funds have adopted a policy that requires each fund to provide shareholders with at least 60 days notice prior to any significant material change in a fund’s policy or its underlying index. It is nondiversified.
|TOP 10 HOLDINGS (XLE) ( 64.86% OF TOTAL ASSETS)|