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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 12/26/14

    • 30-Day SEC Yield1

      2.47%
    • Total Net Assets

      $76.0M
    • Number of Holdings

      28
    • Options

      Available
    • Gross Expense Ratio2

      0.62%
    • Net Expense Ratio/TER2

      0.55%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      --
  • Key Points

    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
     
  • Trading Information

    • Fund Ticker

      SLX
    • Index Total Return Ticker

      STEEL
    • NAV

      KLXNV
    • Intraday NAV (IIV)4

      KLX
    • Shares Outstanding

      2,150,000
    • Estimated Cash

      KLXEU
    • Total Cash

      KLXTC
    • CUSIP

      57060U308
    • ISIN

      US57060U3086
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.12%
    • Gross Expense Ratio

      0.62%
    • Fee Waivers and
      Expense Reimbursement

      -0.07%
    • Net Expense Ratio/TER2

      0.55%
    2 Expenses for SLX are capped contractually at 0.55% until at least May 1, 2015. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Prices as of 12/26/14

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    SLX $35.35
    $35.36
    28,411
    17,059
    $0.29 / +0.83%
    $0.34 / +0.97%
    -29.0%
    -28.9%
    $0.01
    0.03%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    10/11/06
    SLX (NAV) -8.09 -19.15 -20.58 -16.22 -6.17 -5.72 -- 1.53
    SLX (Share Price) -8.14 -19.24 -20.56 -16.27 -6.21 -5.75 -- 1.53
    STEEL (Index) -8.08 -19.02 -17.45 -12.82 -4.66 -4.72 -- 1.97
    Performance Differential (NAV - Index) -0.01 -0.13 -3.13 -3.40 -1.51 -1.00 -- -0.44
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    10/11/06
    SLX (NAV) -8.63 -6.35 -10.25 1.53 3.33 -1.39 -- 3.14
    SLX (Share Price) -8.65 -6.37 -10.14 1.49 3.32 -1.40 -- 3.14
    STEEL (Index) -8.61 -2.94 -6.84 5.65 4.99 -0.34 -- 3.57
    Performance Differential (NAV - Index) -0.02 -3.41 -3.41 -4.12 -1.66 -1.05 -- -0.43
  • View All Holdings »Top 10 Holdings (%)as of 11/30/14

    Total Holdings: 28
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Rio Tinto Plc
    RIO US
    275,588
    12,842,40114.77
    Vale Sa
    VALE US
    1,208,589
    10,889,38712.52
    Posco
    PKX US
    84,754
    5,763,2726.63
    Arcelormittal
    MT US
    404,731
    4,957,9555.70
    Nucor Corp
    NUE US
    91,969
    4,932,2985.67
    Tenaris Sa
    TS US
    143,450
    4,723,8095.43
    Steel Dynamics Inc
    STLD US
    196,774
    4,435,2865.10
    Reliance Steel & Aluminum Co
    RS US
    65,346
    4,178,2234.81
    Allegheny Technologies Inc
    ATI US
    113,498
    3,823,7484.40
    Gerdau Sa
    GGB US
    913,704
    3,810,1464.38
    Top 10 Total (%)69.41
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 11/30/14

    • Country

      % of Net Assets
    • U.S.

      38.5
    • BRAZIL

      20.1
    • UNITED KINGDOM

      14.8
    • SOUTH KOREA

      6.6
    • LUXEMBOURG

      5.7
    • NETHERLANDS

      5.4
    • BAHAMAS

      4.4
    • CW

      4.3
    • RUSSIA

      0.3
    • Other

      -0.1
  • Sector Weightings (%) as of 11/30/14

    • Sector

      % of Net Assets
    • Materials

      93.7
    • Energy

      5.4
    • Industrials

      0.9
    • Other

      -0.1