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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 03/22/19

  • 30-Day SEC Yield1

    2.53%

  • Total Net Assets

    $62.2M

  • Number of Holdings

    26

  • Options

    Available

  • Gross Expense Ratio2

    0.62%

  • Net Expense Ratio/TER2

    0.56%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/20/2019

Morningstar™ Ratings3
as of 02/28/19

Category Overall 3 Year 5 Year
Natural Resources
3 stars of 119 funds
5 stars of 119 funds
3 stars of 114 funds

Key Points

One-Trade Access to the Steel Industry
An industry supporting global industrialization
Pure Play with Global Scope
Includes companies involved in a variety of activities related to steel production
Convenient Customization 
Customize overall commodity exposure with targeted allocation to steel companies

Trading Information

  • Fund Ticker

    SLX

  • Index Total Return Ticker

    STEEL

  • NAV

    KLXNV

  • Intraday NAV (IIV)4

    KLX

  • Shares Outstanding

    1,600,000

  • Estimated Cash

    KLXEU

  • Total Cash

    KLXTC

  • CUSIP

    92189F205

  • ISIN

    US92189F2056
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.12%

  • Gross Expense Ratio

    0.62%

  • Fee Waivers and
    Expense Reimbursement

    -0.06%

  • Net Expense Ratio/TER2

    0.56%
2Expenses for SLX are capped contractually at 0.55% until May 1, 2019. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 03/22/19

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 $38.85
$38.82		 9,784
22,163		 -$1.69 / -4.18%
$-1.72 / -4.24%		 +11.43%
+11.42%
 $-0.03
-0.09%

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) 0.91 5.95 14.80 -13.45 31.30 1.07 7.95 2.58
SLX (Share Price) 1.01 6.16 15.01 -13.47 31.41 1.11 7.98 2.59
STEEL (Index) 0.96 5.87 14.73 -13.23 31.55 1.16 8.19 2.86
Performance Differential (NAV - Index) -0.05 0.08 0.07 -0.22 -0.25 -0.09 -0.24 -0.28
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) -7.71 -19.29 -18.94 -18.94 25.27 -3.47 4.54 1.47
SLX (Share Price) -7.70 -19.25 -19.21 -19.21 25.27 -3.47 4.55 1.46
STEEL (Index) -7.73 -19.28 -18.65 -18.65 25.47 -3.36 4.78 --
Performance Differential (NAV - Index) 0.02 -0.01 -0.29 -0.29 -0.20 -0.11 -0.24 --

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 02/28/19 Daily Holdings

Total Holdings: 26
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
Rio Tinto Plc
RIO US
141,721
8,248,162 12.49
Vale Sa
VALE US
520,637
6,497,550 9.84
Ternium Sa
TX US
196,645
5,673,208 8.59
Cia Siderurgica Nacional Sa
SID US
1,131,187
3,936,531 5.96
Tenaris Sa
TS US
139,585
3,705,982 5.61
Vedanta Ltd
VEDL US
372,388
3,574,925 5.41
Allegheny Technologies Inc
ATI US
118,260
3,385,784 5.13
Reliance Steel & Aluminum Co
RS US
36,454
3,253,520 4.93
Steel Dynamics Inc
STLD US
86,465
3,226,874 4.89
United States Steel Corp
X US
140,786
3,155,014 4.78
Top 10 Total (%) 67.63
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 02/28/19

  • Country

    % of Net Assets
  • ■

    UNITED STATES

    39.28
  • ■

    BRAZIL

    20.03
  • ■

    NETHERLANDS

    14.20
  • ■

    AUSTRALIA

    12.49
  • ■

    BAHAMAS

    5.41
  • ■

    LUXEMBOURG

    4.72
  • ■

    SOUTH KOREA

    4.19
  • ■

    Other/Cash

    -0.31

Sector Weightings (%) as of 02/28/19

  • Sector

    % of Net Assets
  • ■

    Materials

    93.3
  • ■

    Energy

    5.6
  • ■

    Industrials

    1.4
  • ■

    Other/Cash

    -0.3