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Steel ETF SLX

  • Full Name: Market Vectors®
    Steel ETF (SLX®)

    Management Style: Replication

    Underlying Index: NYSE Arca Steel Index (STEEL)

    Index Provider: NYSE Arca

    Index Description: STEEL 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.

  •  
      

    • Fund Ticker

      SLX
    • Exchange

      NYSE Arca
    • Commencement

      10/10/2006
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      STEEL
    • Index Rebalancing

      Quarterly
  •  
    as of 07/21/14

    • 30-Day SEC Yield1

      1.77%
    • Total Net Assets

      $98.6M
    • Number of Holdings

      29
    • Options

      Available
    • Gross Expense Ratio2

      0.62%
    • Net Expense Ratio/TER2

      0.55%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • Index Key Points

    Underlying Index: NYSE Arca Steel Index (STEEL) 

    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

  • Index Profile

    • Ticker

      STEEL
    • Inception Date

      09/29/2006
    • Rebalance Frequency

      Quarterly
  • Index Top 10 Constituents (%)as of 06/30/14

    Total Constituents: 27
    Constituent Name
    Ticker
    Weightings (%)
    Rio Tinto Plc-Spon Adr
    RIO US
    12.13
    Vale Sa-Sp Adr
    VALE US
    12.10
    Tenaris Sa-Adr
    TS US
    5.77
    Posco-Adr
    PKX US
    5.38
    Arcelormittal-Ny Registered
    MT US
    5.16
    Sesa Sterlite Ltd-Adr
    SSLT US
    4.94
    Nucor Corp
    NUE US
    4.81
    Allegheny Technologies Inc
    ATI US
    4.71
    Cia Siderurgica Nacl-Sp Adr
    SID US
    4.53
    Ternium Sa-Sponsored Adr
    TX US
    4.47
    Top 10 Total (%)64.00
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 06/30/14

    • Country

      Weightings (%)
    • U.S.

      40.4
    • BRAZIL

      20.9
    • UNITED KINGDOM

      12.1
    • LUXEMBOURG

      9.6
    • NETHERLANDS

      5.8
    • SOUTH KOREA

      5.4
    • INDIA

      4.9
    • RUSSIA

      0.8
  • Index Sector Weightings (%)
    as of 06/30/14

    • Sector

      Weightings (%)
    • Materials

      88.8
    • Energy

      5.8
    • Industrials

      5.4
    • OTHERS

      0.0