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Related Funds

HAP
VanEck Natural Resources ETF

REMX
VanEck Rare Earth/Strategic Metals ETF

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
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
State Street Bank and Trust Company
Index Ticker
STEEL
Index Rebalancing
Quarterly

as of 01/14/22

30-Day SEC Yield¹
5.39%
Total Net Assets
$115.4M
Number of Holdings
25
Options
Available
Gross Expense Ratio²
0.95%
Net Expense Ratio/TER²
0.56%
Distribution Frequency
Annual

Schedule a Call

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
2,025,000
Estimated Cash
KLXEU
Total Cash
KLXTC
CUSIP
92189F205
ISIN
US92189F2056

Source: Bloomberg

Fees and Expenses²

Management Fee
0.50%
Other Expenses
0.45%
Gross Expense Ratio
0.95%
Fee Waivers and
Expense Reimbursement
-0.39%
Net Expense Ratio/TER²
0.56%

²Expenses for SLX are capped contractually at 0.55% until May 1, 2022. 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

Guo Hua (Jason) Jin

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

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

Prices as of 01/14/22

	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	$56.97 $57.01	61,754 30,177	-$0.13 / -0.23% $-0.10 / -0.18%	+6.98% +7.18%	$0.04 0.07%			0.08%

Premium/Discount History as of 01/14/22

		Calendar Year 2020	1Q 2021	2Q 2021	3Q 2021	4Q 2021
	Days closed at a premium	103	41	28	24	22
SLX	Days closed at NAV	36	4	6	4	5
	Days closed at a discount	114	16	29	36	37

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

Monthly Returns

Month End as of 12/31/21
Quarter End as of 12/31/21

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 10/10/06
SLX (NAV)	9.75	3.29	27.91	27.91	19.63	11.45	4.56	4.81
SLX (Share Price)	9.63	3.15	27.61	27.61	19.62	11.44	4.57	4.81
STEEL (Index)	9.78	3.47	28.84	28.84	20.37	12.07	4.92	5.17
Performance Differential (NAV - Index)	-0.03	-0.18	-0.93	-0.93	-0.74	-0.62	-0.36	-0.36

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 10/10/06
SLX (NAV)	9.75	3.29	27.91	27.91	19.63	11.45	4.56	4.81
SLX (Share Price)	9.63	3.15	27.61	27.61	19.62	11.44	4.57	4.81
STEEL (Index)	9.78	3.47	28.84	28.84	20.37	12.07	4.92	5.17
Performance Differential (NAV - Index)	-0.03	-0.18	-0.93	-0.93	-0.74	-0.62	-0.36	-0.36

*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 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 ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 12/31/21 Daily Holdings

Total Holdings: 25

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	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	RIO TINTO PLC	RIO US	259,619	17,378,896	14.67
	VALE SA	VALE US	1,205,148	16,896,175	14.26
	NUCOR CORP	NUE US	82,333	9,398,312	7.93
	ARCELORMITTAL SA	MT US	283,054	9,009,609	7.60
	POSCO	PKX US	100,499	5,858,087	4.94
	CLEVELAND-CLIFFS INC	CLF US	256,357	5,580,892	4.71
	UNITED STATES STEEL CORP	X US	228,571	5,442,276	4.59
	TENARIS SA	TS US	260,497	5,433,967	4.59
	TERNIUM SA	TX US	124,593	5,422,287	4.58
	RELIANCE STEEL & ALUMINUM CO	RS US	33,082	5,366,562	4.53
Top 10 Total (%)					72.40

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 12/31/21

Country
% of Net Assets
■
United States
40.25
■
Brazil
23.07
■
Australia
14.67
■
Netherlands
9.16
■
Luxembourg
7.60
■
South Korea
4.94
■
China
0.33
■
Other/Cash
-0.03

Sector Weightings (%) as of 12/31/21

Sector
% of Net Assets
■
Materials
93.8
■
Energy
4.6
■
Industrials
1.7
■
Other/Cash
0.0