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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
  • Fundamentals
    as of 08/31/14

    • Weighted Average Market Cap

      $25.7B
    • Price/Earnings Ratio
      (LTM: Last 12 Months)*

      21.17
    • Price/Book Ratio
      (LTM: Last 12 Months)*

      1.20
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 08/31/14

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      76.7%
    • Mid ($1.0 - $5.0B)

      20.6%
    • Small (<$1.0B)

      2.7%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 08/31/14

    • Beta vs. S&P 500 Index

      1.81
    • Correlation vs. S&P 500 Index

      0.74
    • Volatility (Standard Deviation)

      28.10
    • Sharpe Ratio

      -0.08

    Source: Van Eck Global, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.

  • Country Weightings (%)
    as of 08/31/14

    • Country

      % of Net Assets
    • U.S.

      42.5
    • BRAZIL

      20.3
    • UNITED KINGDOM

      11.8
    • SOUTH KOREA

      5.9
    • NETHERLANDS

      5.3
    • LUXEMBOURG

      4.9
    • BAHAMAS

      4.6
    • CW

      4.1
    • RUSSIA

      0.6
    • Other

      0.1
  • Portfolio Composition (%)
    as of 09/22/14

    • % of Net Assets
    • Stocks

      99.95
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      0.05
  • Sector Weightings (%)
    as of 08/31/14

    • Sector

      % of Net Assets
    • Materials

      90.8
    • Energy

      5.3
    • Industrials

      3.8
    • Other

      0.1
  • Currency Exposure (%)
    as of 08/31/14

    • U.S. Dollar

      99.94
    • Other

      0.06
    • Total

      100.00