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SLX
VanEck Steel ETF

Fund Description

VanEck 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

  • Inception Date

    10/10/2006

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    STEEL

  • Index Rebalancing

    Quarterly

 
as of 06/24/22

  • 30-Day SEC Yield1

    6.24%

  • Total Net Assets

    $97.5M

  • Number of Holdings

    25

  • Options

    Available

  • Gross Expense Ratio2

    0.56%

  • Net Expense Ratio/TER2

    0.55%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/16/2022
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How to Buy

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year 5 Year
Natural Resources
3 stars of 107 funds
3 stars of 107 funds
3 stars of 100 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

    1,900,000

  • Estimated Cash

    KLXEU

  • Total Cash

    KLXTC

  • CUSIP

    92189F205

  • ISIN

    US92189F2056
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.06%

  • Gross Expense Ratio

    0.56%

  • Fee Waivers and
    Expense Reimbursement

    -0.01%

  • Net Expense Ratio/TER2

    0.55%

2Expenses for SLX are capped contractually at 0.55% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 06/24/22

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
SLX $51.30
$51.26 		44,555
53,633 		$1.82 / +3.68%
$1.77 / +3.58% 		-3.67%
-3.63% 		$-0.04
-0.07% 		0.09%

Premium/Discount History as of 06/24/22

Calendar Year 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 115 28 24 22 20
SLX Days closed at NAV 19 6 4 5 6
Days closed at a discount 118 29 36 37 36

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) 0.93 4.71 18.07 6.53 26.10 16.01 7.69 5.80
SLX (Share Price) 0.92 4.59 18.14 6.51 26.12 15.96 7.67 5.80
STEEL (Index) 1.02 5.04 18.55 7.29 27.02 16.69 8.08 6.18
Performance Differential (NAV - Index) -0.09 -0.33 -0.48 -0.76 -0.92 -0.68 -0.39 -0.38
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) 13.04 27.47 27.47 30.44 23.92 15.48 5.99 6.39
SLX (Share Price) 12.92 27.54 27.54 30.17 23.90 15.46 5.99 6.39
STEEL (Index) 13.25 27.81 27.81 31.28 24.79 16.15 6.39 6.77
Performance Differential (NAV - Index) -0.21 -0.34 -0.34 -0.84 -0.87 -0.67 -0.40 -0.38

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund 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. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 25
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full data
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Rio Tinto Plc
RIO US
236,144
 17,342,415 13.46
Vale Sa
VALE US
934,544
 16,868,519 13.09
Nucor Corp
NUE US
72,226
 9,567,056 7.42
Arcelormittal Sa
MT US
251,682
 8,141,913 6.32
Tenaris Sa
TS US
236,281
 7,877,609 6.11
Posco Holdings Inc
PKX US
112,022
 6,443,505 5.00
Ternium Sa
TX US
141,022
 6,200,737 4.81
Gerdau Sa
GGB US
1,007,697
 6,146,952 4.77
Reliance Steel & Aluminum Co
RS US
31,414
 6,106,882 4.74
Steel Dynamics Inc
STLD US
71,440
 6,099,547 4.73
Top 10 Total (%) 70.45
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • ■

    United States

    41.92
  • ■

    Brazil

    21.96
  • ■

    Australia

    13.46
  • ■

    Netherlands

    10.92
  • ■

    Luxembourg

    6.32
  • ■

    South Korea

    5.00
  • ■

    China

    0.29
  • ■

    Other/Cash

    0.14

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • ■

    Materials

    92.6
  • ■

    Energy

    6.1
  • ■

    Industrials

    1.2
  • ■

    Other/Cash

    0.1