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SLX VanEck Vectors Steel ETF

  • Fund Description

    VanEck Vectors Steel ETF (SLX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index (STEEL), which is intended to track the overall performance of companies involved in the steel sector.

  •  
      

    • 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 07/27/16

    • 30-Day SEC Yield1

      2.04%
    • Total Net Assets

      $121.6M
    • Number of Holdings

      27
    • Options

      Available
    • Gross Expense Ratio2

      0.69%
    • Net Expense Ratio/TER2

      0.55%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • 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

  • Index Profile

    • Ticker

      STEEL
    • Inception Date

      09/29/2006
    • Rebalance Frequency

      Quarterly
  • Index Top 10 Constituents (%)  as of 06/30/16

    Total Constituents: 26
    Constituent Name
    Ticker
    Weightings (%)
    Rio Tinto Plc-Spon Adr
    RIO US
    13.58
    Vale Sa-Sp Adr
    VALE US
    10.77
    Tenaris Sa-Adr
    TS US
    6.91
    Nucor Corp
    NUE US
    6.38
    Posco-Adr
    PKX US
    6.30
    Arcelormittal-Ny Registered
    MT US
    5.80
    Cia Siderurgica Nacl-Sp Adr
    SID US
    4.93
    Worthington Industries
    WOR US
    4.76
    Sesa Sterlite Ltd-Adr
    VEDL US
    4.75
    Gerdau Sa -Spon Adr
    GGB US
    4.70
    Top 10 Total (%)68.88
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 06/30/16

    • Country

      Weightings (%)
    • UNITED STATES

      37.9
    • BRAZIL

      20.4
    • UNITED KINGDOM

      13.6
    • LUXEMBOURG

      10.1
    • NETHERLANDS

      6.9
    • SOUTH KOREA

      6.3
    • INDIA

      4.7
  • Index Sector Weightings (%) as of 06/30/16

    • Sector

      Weightings (%)
    • Materials

      90.8
    • Energy

      6.9
    • Industrials

      1.5
    • n/a

      0.8