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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 09/22/14

    • 30-Day SEC Yield1

      1.82%
    • Total Net Assets

      $106.4M
    • 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 08/31/14

    Total Constituents: 28
    Constituent Name
    Ticker
    Weightings (%)
    Rio Tinto Plc-Spon Adr
    RIO US
    11.76
    Vale Sa-Sp Adr
    VALE US
    11.69
    Posco-Adr
    PKX US
    5.86
    Steel Dynamics Inc
    STLD US
    5.60
    Tenaris Sa-Adr
    TS US
    5.31
    Nucor Corp
    NUE US
    5.19
    United States Steel Corp
    X US
    4.99
    Arcelormittal-Ny Registered
    MT US
    4.92
    Sesa Sterlite Ltd-Adr
    SSLT US
    4.60
    Cia Siderurgica Nacl-Sp Adr
    SID US
    4.54
    Top 10 Total (%)64.46
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 08/31/14

    • Country

      Weightings (%)
    • U.S.

      42.5
    • BRAZIL

      20.3
    • UNITED KINGDOM

      11.8
    • LUXEMBOURG

      9.0
    • SOUTH KOREA

      5.9
    • NETHERLANDS

      5.3
    • INDIA

      4.6
    • RUSSIA

      0.6
    • OTHERS

      0.0
  • Index Sector Weightings (%)
    as of 08/31/14

    • Sector

      Weightings (%)
    • Materials

      90.9
    • Energy

      5.3
    • Industrials

      3.8
    • OTHERS

      0.0