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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 02/21/20

  • 30-Day SEC Yield1

    2.62%

  • Total Net Assets

    $59.2M

  • Number of Holdings

    26

  • 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

    1,750,000

  • 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 02/21/20

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 $33.84
$33.83		 12,019
2,421		 -$0.25 / -0.73%
$-0.25 / -0.73%		 -10.15%
-10.09%
 $-0.01
-0.04%

Premium/Discount History as of 02/20/20

Calendar Year 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 61 13 13 17 20
SLX Days closed at NAV 22 7 6 10 8
Days closed at a discount 168 41 44 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) -10.92 -0.04 -10.92 -13.07 -3.06 4.78 -1.98 1.26
SLX (Share Price) -10.96 -0.11 -10.96 -13.18 -3.17 4.77 -1.99 1.25
STEEL (Index) -11.04 0.12 -11.04 -12.64 -2.63 4.91 -1.75 1.55
Performance Differential (NAV - Index) 0.12 -0.16 0.12 -0.43 -0.43 -0.13 -0.23 -0.29
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

*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 01/31/20 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
123,849
6,617,252 11.27
VALE SA
VALE US
549,128
6,441,271 10.97
TERNIUM SA
TX US
225,975
4,729,657 8.05
VEDANTA LTD
VEDL US
427,989
3,381,113 5.76
TENARIS SA
TS US
145,499
3,010,374 5.13
GERDAU SA
GGB US
635,523
2,974,248 5.07
RELIANCE STEEL & ALUMINUM CO
RS US
24,720
2,837,856 4.83
NUCOR CORP
NUE US
58,461
2,776,313 4.73
COMMERCIAL METALS CO
CMC US
134,669
2,767,448 4.71
ARCELORMITTAL SA
MT US
186,138
2,728,783 4.65
Top 10 Total (%) 65.17
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 01/31/20

  • Country

    % of Net Assets
  • ■

    United States

    40.62
  • ■

    Brazil

    20.34
  • ■

    Netherlands

    13.18
  • ■

    Australia

    11.27
  • ■

    India

    5.76
  • ■

    Luxembourg

    4.65
  • ■

    South Korea

    4.33
  • ■

    Other/Cash

    -0.15

Sector Weightings (%) as of 01/31/20

  • Sector

    % of Net Assets
  • ■

    Materials

    93.1
  • ■

    Energy

    5.1
  • ■

    Industrials

    1.9
  • ■

    Other/Cash

    -0.2