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  • Market Vectors® Steel ETF (SLX)

  •  
    SLX_icon_NEW

    The Market Vectors® Steel ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index (STEEL), 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 | Additional Information

     

    Fact Sheet PDF
    As of February 04, 2012

    Fund Ticker
    SLX
    ISIN
    US57060U3086
    Intraday NAV (IIV)
    SLX.IV
    Index Ticker
    STEEL
    Exchange
    NYSE Arca
    Commencement Date
    10/10/2006


    Gross Expense Ratio *
    0.55%
    Net Expense Ratio *
    0.55%
    Options
    Available
    AUM
    $224.5MM
    * Expenses for the fund are capped contractually at 0.55% until 05/01/2012. Cap excludes certain expenses, such as interest.
    As of December 31, 2011
    Index Ticker
    STEEL
    Index Inception Date
    09/29/2006
    Currency
    USD
    Fund Price/Earning Ratio
    7.94
    Fund Price/Book Ratio
    1.08
    Fund Avg. Weighted Market Cap
    $22204.3 MM
    52 Week High/Low
    2141.94 / 1120.37

  • Fund Prices

     

    as of February 03, 2012
    TICKERNAV/
    Last Price    		VolumeDaily Change NAV/
    Last Price    		YTD Change NAV/
    Last Price    		Premium/
    Discount    		Premium/
    Discount Distribution    		NAV Price History

    Premium-Discount    		Expense Ratio*
    Gross/Net
    Steel ETFSLX $58.32
    $58.24         		77,636
    $1.38
    +2.4%

    $1.37
    +2.4%
    		+ 22.4%
    + 22.5%
    		$-0.08
    -0.14%     		Chart Export 0.55/0.55

  • Performance History (%)

    Fund

    All Funds | All Indices

    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    STEEL
    		-4.5912.91-32.77-32.7719.802.97n.a.6.86
    FUND/NAV-4.4612.92-32.69-32.6919.522.65n.a.5.29
    FUND/Share Price-4.7312.60-32.91-32.9119.532.65n.a.5.25
    As of December 31, 2011
    		1MO3MOYTD1YR3YR†5 YR†10YR†LIFE*
    INDEX
    STEEL
    		-4.5912.91-32.77-32.7719.802.97n.a.6.86
    FUND/NAV-4.4612.92-32.69-32.6919.522.65n.a.5.29
    FUND/Share Price-4.7312.60-32.91-32.9119.532.65n.a.5.25
    *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 reflects 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. The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    STEEL
    		6.86%-4.59%12.91%-29.41%-32.77%-32.77%2.97%6.86%n.a.%
    As of December 31, 2011
    		LIFE*1MO3MO6 MOYTD1YR3YR†5 YR†10YR†
    INDEX
    STEEL
    		6.86%-4.59%12.91%-29.41%-32.77%-32.77%19.80%2.97%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 February 03, 2012 |TOTAL CONSTITUENTS: 27
    Holding
    Shares
    Market Value (USD)
    % of net assets
    Rio Tinto Plc RIO US407,57125,554,702
    11.38%
    Vale Sa VALE US911,61824,258,155
    10.80%
    Arcelormittal MT US663,04414,414,577
    6.42%
    Posco PKX US148,13913,932,473
    6.21%
    Mechel MTL US1,016,03512,568,353
    5.60%
    Gerdau Sa GGB US1,165,94212,382,304
    5.51%
    Cia Siderurgica Nacional Sa SID US1,135,86212,358,179
    5.50%
    Ternium Sa TX US465,65911,161,846
    4.97%
    Timken Co TKR US214,63111,167,251
    4.97%
    Nucor Corp NUE US228,29510,452,724
    4.66%
    As of February 03, 2012 |TOTAL CONSTITUENTS: 26
    Holding
    Weighting
    RIO TINTO GROUP RIO
    11.39%
    VALE SA-SP ADR SA VALE
    10.81%
    ARCELOR MITTAL MT
    6.42%
    POSCO-ADR PKX
    6.21%
    MECHEL-SPONSORED ADR MTL
    5.60%
    GERDAU SA -SPON ADR GGB
    5.52%
    CIA SIDERURGICA NACL-SP ADR SID
    5.51%
    TIMKEN CO. TKR
    4.98%
    TERNIUM SA TX
    4.97%
    NUCOR CORP. NUE
    4.62%

  • Fund Country Breakdown

    Fund

     

    As of December 31, 2011
    United States44.1%
    Brazil20.7%
    Luxembourg11.3%
    United Kingdom10.9%
    South Korea6.6%
    Russia4.7%
    Mexico1.7%

  • Fund Market Capitalization

    Fund

     

    As of December 31, 2011
    LARGE (>5.0B)58.6%
    MEDIUM (1.0 - 5.0B)38.1%
    SMALL (<1.0B)3.4%

  • 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.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value.  Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    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 substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing. 

     Not FDIC Insured — No Bank Guarantee — May Lose Value

    Van Eck Securities Corporation, Distributor
    335 Madison Avenue, 19th Floor
    New York, NY 10017
    800.826.2333