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SLXVanEck 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 08/16/22
-
30-Day SEC Yield1
5.42% -
Total Net Assets
$97.1M -
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
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
1,700,000 -
Estimated Cash
KLXEU -
Total Cash
KLXTC -
CUSIP
92189F205 -
ISIN
US92189F2056
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.06% -
Gross Expense Ratio
0.56% -
Fee Waivers and
-0.01%
Expense Reimbursement -
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
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
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) | 8.90 | -13.43 | 1.28 | -10.80 | 17.51 | 9.85 | 5.70 | 4.72 |
SLX (Share Price) | 9.10 | -13.33 | 1.47 | -10.80 | 17.51 | 9.87 | 5.74 | 4.72 |
STEEL (Index) | 8.92 | -13.39 | 1.64 | -10.30 | 18.32 | 10.49 | 6.08 | 5.09 |
Performance Differential (NAV - Index) | -0.02 | -0.04 | -0.36 | -0.50 | -0.81 | -0.64 | -0.38 | -0.37 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/10/06 |
|
---|---|---|---|---|---|---|---|---|
SLX (NAV) | -21.23 | -27.04 | -7.00 | -14.43 | 12.33 | 9.44 | 4.50 | 4.18 |
SLX (Share Price) | -21.28 | -27.08 | -6.99 | -14.51 | 12.34 | 9.43 | 4.49 | 4.17 |
STEEL (Index) | -21.28 | -26.98 | -6.68 | -13.94 | 13.11 | 10.08 | 4.87 | 4.54 |
Performance Differential (NAV - Index) | 0.05 | -0.06 | -0.32 | -0.49 | -0.78 | -0.64 | -0.37 | -0.36 |
Top 10 Holdings (%) as of 07/31/22 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Rio Tinto Plc |
RIO US |
177,149 |
10,811,403 | 11.79 |
Vale Sa |
VALE US |
777,861 |
10,470,009 | 11.42 |
Nucor Corp |
NUE US |
60,675 |
8,239,665 | 8.99 |
United States Steel Corp |
X US |
208,879 |
4,939,988 | 5.39 |
Arcelormittal Sa |
MT US |
200,028 |
4,918,689 | 5.37 |
Tenaris Sa |
TS US |
165,160 |
4,634,390 | 5.06 |
Reliance Steel & Aluminum Co |
RS US |
24,319 |
4,626,690 | 5.05 |
Commercial Metals Co |
CMC US |
114,752 |
4,546,474 | 4.96 |
Steel Dynamics Inc |
STLD US |
58,286 |
4,539,314 | 4.95 |
Cleveland-Cliffs Inc |
CLF US |
241,766 |
4,281,676 | 4.67 |
Top 10 Total (%) | 67.64 |
Country Weightings (%) as of 07/31/22
-
Country
% of Net Assets -
■
United States
49.00 -
■
Brazil
19.65 -
■
Australia
11.79 -
■
Netherlands
9.28 -
■
Luxembourg
5.37 -
■
South Korea
4.61 -
■
China
0.27 -
■
Other/Cash
0.04
Sector Weightings (%) as of 07/31/22
-
Sector
% of Net Assets -
■
Materials
93.3 -
■
Energy
5.1 -
■
Industrials
1.6 -
■
Other/Cash
0.0