SEARCH
 

LANGUAGE
     
Van Eck Global - Since 1955

ETF Fund Related
Links



Financial
Professional Access
access exclusive materials including videos, sales ideas and conference calls
 
 

Register now

Forgot Password?

 

  • Loading...
     
    SLX_icon_NEW

    The Steel ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index.

    The NYSE Arca Steel Index is a modified market capitalization-weighted index comprised of publicly traded companies predominantly involved in the production of steel products or mining and processing of iron ore.

  • Ticker:- SLX;false;STEEL;

  • Details

    Fund | Index

     

    Fact Sheet PDF
    As of August 31, 2010

    Fund Ticker
    SLX
    Intraday NAV (IIV)
    SLX.IV
    Index Ticker
    STEEL
    Exchange
    NYSE Arca
    Commencement Date
    10/10/2006


    Gross Expense Ratio *
    0.59%
    Net Expense Ratio *
    0.56%
    Options
    Available
    AUM
    $261.4MM
    * Expenses for the fund are capped contractually at 0.55% until 05/01/2011. Cap excludes certain expenses, such as interest.
    As of June 30, 2010
    INCEPTION DATE
    09/29/2006
    CURRENCY
    USD
    PRICE/EARNING RATIO
    23.43
    PRICE/BOOK RATIO
    1.15
    MARKET CAP
    $318.9 B
    52 WEEK HIGH/LOW
    1977.70 / 1297.15

  • Prices

     

    As of September 03, 2010
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		Price HistoryExp. Ratio*
    Gross/Net
    Steel ETFSLX $60.78
    $60.67         		135,729
    $0.47 + 0.8%

    $0.45 + 0.8%
    		- 1.3%
    - 1.4%
    		$-0.11
    -0.18%     		Chart Export 0.59/0.56

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    STEEL
    		-7.49-22.90-14.4727.38-4.96n.a.n.a.9.75
    FUND/NAV-7.55-23.01-14.6726.68-5.28n.a.n.a.9.26
    FUND/Share Price-7.64-23.07-14.5326.78-5.05n.a.n.a.9.28
    As of June 30, 2010
    		1MO3MOYTD1YR3YR5 YR†10YRLIFE*
    INDEX
    STEEL
    		-7.49-22.90-14.4727.38-4.96n.a.n.a.9.75
    FUND/NAV9.26-7.55-23.01-14.6726.68-5.28n.a.9.26
    FUND/Share Price-7.64-23.07-14.5326.78-5.05n.a.n.a.9.28
    *Commencement date: 10/10/2006
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflect current temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    STEEL
    		9.75%-7.49%-22.90%n.a.-14.47%27.38%-4.96%n.a.n.a.
    As of June 30, 2010
    		LIFE*1MO3MO6 MOYTD1YR3YR5 YR†10YR
    INDEX
    STEEL
    		9.75%-7.49%-22.90%n.a.-14.47%27.38%-4.96%n.a.n.a.
    *Commencement date: 09/29/2006
    †Annualized
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance may be lower or higher than performance data quoted.

  • Top 10 Holdings

    Fund | Index

     

    As of September 03, 2010 |TOTAL CONSTITUENTS: 26
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Rio Tinto PLC RTP US723,52540,042,421
    14.02%
    Vale SA VALE US1,290,43836,338,734
    12.72%
    ArcelorMittal MT US836,87626,572,457
    9.30%
    POSCO PKX US186,97919,236,400
    6.73%
    Cliffs Natural Resources Inc CLF US228,96915,359,241
    5.38%
    Mechel MTL US611,42014,935,024
    5.23%
    Cia Siderurgica Nacional SA SID US911,12914,887,848
    5.21%
    Gerdau SA GGB US1,016,38514,312,184
    5.01%
    United States Steel Corp X US298,49913,743,078
    4.81%
    Nucor Corp NUE US313,58212,129,352
    4.25%
    As of September 03, 2010 |TOTAL CONSTITUENTS: 26
    Holding
    % of net assets
    RIO TINTO PLC-SPON ADR US7672041008
    13.78%
    VALE SA-SP ADR US91912E1055
    12.93%
    ARCELORMITTAL-NY REGISTERED US03938L1044
    9.20%
    POSCO-ADR US6934831099
    6.82%
    CLIFFS NATURAL RESOURCES INC US18683K1016
    5.32%
    MECHEL-SPONSORED ADR US5838401033
    5.28%
    CIA SIDERURGICA NACL-SP ADR US20440W1053
    5.28%
    GERDAU SA -SPON ADR US3737371050
    5.01%
    UNITED STATES STEEL CORP US9129091081
    4.77%
    NUCOR CORP US6703461052
    4.25%

  • Key Features

    Fund | Index

     

    Nation's First ETF Focusing on Steel

    a cornerstone industry supporting global industrialization

    Pure Play

    index constituents must be primarily involved in activities related to steel production

    A Comprehensive Portfolio

    a blend of large-, mid- and small-cap stocks
    The Index comprises:

    Companies primarily involved in activities related to steel production, including mill operation, steel fabrication, and the extraction and reduction of iron ore

    Companies eligible for inclusion in Index:
    • Primarily involved in activities related to steel production
    • Market cap exceeding $100 million
    • Daily average traded volume of at least $1 million over the past three months

    Index provider:

    NYSE Alternext  

  • 3-Year Index Statistics1

    Index

     

    As of June 30, 2010
    CORRELATION (VS. SPX) 0.81
    ANNUALIZED VOLATILITY
    BETA (VS. SPX)1.95
    SHARPE

  • Index Market Capitalization

     

    As of June 30, 2010
    LARGE (>5.0B)72.0%
    MEDIUM (1.0 - 5.0B)25.4%
    SMALL (<1.0B)2.6%
  • Loading...

    Important Disclosure

    The Fund is subject to various risks including those associated with making investments in steel companies including competitive pressures, fluctuations in the price of steel, changes in government regulation, world events and economic conditions.

    The NYSE Arca Steel Index (STEEL) is a trademark of NYSE Euronext or its affiliates (NYSE Euronext), is licensed for use by Van Eck Associates Corporation in connection with the Market Vectors Steel ETF (SLX). NYSE Euronext neither sponsors nor endorses SLX and makes no warranty or representation as to the accuracy and/or completeness of STEEL or the results to be obtained by any person from the using STEEL in connection with trading SLX.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information.  Please read the prospectus carefully before investing.

    Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor