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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 Index provides exposure to
publicly traded companies primarily involved in a variety of activities that are related to steel production, including the operation of manufacturing mills, fabrication of steel products, or the extraction and reduction of iron ore. As such, the Fund is subject to the risks of investing in this sector.
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| As of
July 2, 2009
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| TOTAL CONSTITUENTS: 27 |
| Holding |
Shares |
Market Value (USD) |
% of net assets |
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| Vale S.A. (ADR) VALE |
1,289,605 |
22,503,607 |
10.15% |
| Rio Tinto PLC RTP |
140,655 |
22,292,411 |
10.05% |
| ArcelorMittal MT |
660,010 |
21,047,719 |
9.49% |
| POSCO PKX |
144,562 |
12,031,895 |
5.42% |
| Gerdau SA GGB |
1,101,249 |
11,309,827 |
5.10% |
| Cia Siderurgica Nacional SA SID |
505,393 |
11,297,779 |
5.09% |
| Nucor Corp NUE |
255,897 |
10,874,515 |
4.90% |
| Mechel MTL |
1,197,133 |
10,127,485 |
4.57% |
| Ternium SA TX |
576,855 |
10,094,963 |
4.55% |
| Cliffs Natural Resources Inc. CLF US |
417,183 |
9,949,815 |
4.49% |
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| Sector Risk |
| subject to unpredictable drops in value |
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| Non-Diversification Risk |
| susceptible to single market events |
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| Foreign Investment |
| subject to political and economic risks |
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| Trading Halts |
| subject to "circuit breaker" rules |
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| Paying More than NAV |
| price may vary from NAV |
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| Tracking Error |
| may be unable to replicate Index results |
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| Securities Lending |
| subject to credit and counterparty risk |
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Fact Sheet PDF
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As of
June 30, 2009
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| Fund Ticker |
SLX |
| Intraday NAV (IIV) |
KLX |
| Index Ticker |
STEEL |
| Exchange |
NYSE Arca |
| Commencement Date |
10/10/2006
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| Gross Expense Ratio * |
0.60% |
| Net Expense Ratio * |
0.55% |
| Options |
Available |
| AUM
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$227.5M |
| *
Expenses capped contractually through
05/01/2010.
Cap excludes certain expenses, such as interest.
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| 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 |
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| Intraday Access |
| buy or sell anytime during the trading day |
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| Liquidity |
| traded and supported by market makers and specialists |
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| Transparency |
| complete index holdings readily available |
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| Tax Efficiency |
| fund's operation seeks to minimize turnover and capital gains distributions |
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| Diversification |
| capture a basket of securities in one transaction |
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| Trading Flexibility |
| ability to short; margin eligibility; options available |
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Market Vectors Steel ETF 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. All performance information presented for the Index covering the period prior to September 29, 2006 is based on hypothetical, back-tested data. Prior to September 29, 2006, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown. 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. All performance information presented for the Index covering the period prior to September 29, 2006 is based on hypothetical, back-tested data. Prior to September 29, 2006, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown. 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.
Index performance is provided as a benchmark but is not illustrative of any particular investment. Past performance is no guarantee of future results. An investment cannot be made in an index. 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. For more information on the Market Vectors ETF and the underlying Index, call 1.888.MKT.VCTR. Investing involves risk, including possible loss of principal. Please see the prospectus for more details. Market Vectors ETF shares trade like stocks, are subject to investment risk and will fluctuate in market value. The market price of the Market Vectors ETF's shares may be more or less than the net asset value. An investor should consider the investment objective, risks, charges and expenses of the Market Vectors ETFs carefully before investing . The prospectus contains this and other information about Market Vectors ETFs. Please read the prospectus carefully before investing. Not FDIC Insured — No Bank Guarantee — May Lose Value |
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