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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

    State Street Bank and Trust Company
  • Index Ticker

    STEEL
  • Index Rebalancing

    Quarterly

 
as of 04/07/20

  • 30-Day SEC Yield1

    4.67%
  • Total Net Assets

    $33.4M
  • Number of Holdings

    25
  • Options

    Available
  • Gross Expense Ratio2

    0.61%
  • Net Expense Ratio/TER2

    0.56%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/18/2020

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

    1,500,000
  • Estimated Cash

    KLXEU
  • Total Cash

    KLXTC
  • CUSIP

    92189F205
  • ISIN

    US92189F2056
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.11%
  • Gross Expense Ratio

    0.61%
  • Fee Waivers and
    Expense Reimbursement

    -0.05%
  • Net Expense Ratio/TER2

    0.56%
2Expenses for SLX are capped contractually at 0.55% until May 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 04/07/20

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
SLX $22.25
$22.26
30,298
8,554
$0.27 / +1.23%
$0.28 / +1.27%
-40.93%
-40.78%
$0.01
0.04%
0.32%

Premium/Discount History as of 04/07/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 63 13 17 20 11
SLX Days closed at NAV 31 6 10 8 8
Days closed at a discount 158 44 37 36 43

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) -25.36 -41.90 -41.90 -43.76 -15.34 -3.54 -8.16 -1.92
SLX (Share Price) -25.38 -41.87 -41.87 -43.77 -15.35 -3.55 -8.18 -1.92
STEEL (Index) -25.49 -42.04 -42.04 -43.60 -15.03 -3.44 -7.97 -1.65
Performance Differential (NAV - Index) 0.13 0.14 0.14 -0.16 -0.31 -0.10 -0.19 -0.27
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) 5.45 14.16 11.02 11.02 3.69 4.82 -2.04 2.16
SLX (Share Price) 5.31 14.11 11.03 11.03 3.68 4.79 -2.03 2.15
STEEL (Index) 5.71 14.55 11.60 11.60 4.20 4.98 -1.80 2.46
Performance Differential (NAV - Index) -0.26 -0.39 -0.58 -0.58 -0.51 -0.16 -0.24 -0.30

Top 10 Holdings (%) as of 02/29/20 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
RIO TINTO PLC
RIO US
123,849
5,812,234 11.33
VALE SA
VALE US
549,128
5,392,437 10.51
TERNIUM SA
TX US
225,975
3,999,758 7.80
VEDANTA LTD
VEDL US
427,989
2,811,888 5.48
ARCELORMITTAL SA
MT US
186,138
2,661,773 5.19
TENARIS SA
TS US
145,499
2,648,082 5.16
RELIANCE STEEL & ALUMINUM CO
RS US
24,720
2,528,609 4.93
COMMERCIAL METALS CO
CMC US
134,669
2,459,056 4.79
NUCOR CORP
NUE US
58,461
2,417,362 4.71
ALLEGHENY TECHNOLOGIES INC
ATI US
141,294
2,414,714 4.71
Top 10 Total (%) 64.61
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 03/31/20

  • Country

    % of Net Assets
  • United States

    39.23
  • Brazil

    19.94
  • Netherlands

    14.09
  • Australia

    12.70
  • Luxembourg

    5.10
  • India

    4.96
  • South Korea

    4.18
  • Other/Cash

    -0.21

Sector Weightings (%) as of 03/31/20

  • Sector

    % of Net Assets
  • Materials

    92.1
  • Energy

    5.3
  • Industrials

    2.8
  • Other/Cash

    -0.2