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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 03/24/23

  • 30-Day SEC Yield1

    3.17%

  • Total Net Assets

    $131.3M

  • Number of Holdings

    25

  • Options

    Available

  • Gross Expense Ratio2

    0.56%

  • Net Expense Ratio/TER2

    0.55%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/15/2023
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How to Buy

Key Documents and Links

SLX Fact Sheet
Summary Prospectus
Management Team

Fund Highlights

  • 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

    2,175,000

  • 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%

2 Expenses 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.

Morningstar™ Ratings3 as of 02/28/2023

Category Overall 3 Year 5 Year
Natural Resources

3 Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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
  • 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 03/24/23

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 $60.36
$60.38 		54,005
66,369 		$0.15 / +0.25%
$0.10 / +0.17% 		+4.44%
+4.39% 		$0.02
0.03% 		0.13%

Premium/Discount History as of 03/24/23

Calendar Year 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
SLX Days closed at a premium 115 20 23 28 34
Days closed at NAV 19 6 4 6 1
Days closed at a discount 118 36 35 30 28

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) -2.84 11.03 14.32 15.44 37.14 10.94 7.59 6.16
SLX (Share Price) -2.90 9.95 14.14 15.30 37.11 10.90 7.58 6.16
STEEL (Index) -2.79 11.47 14.46 16.29 38.15 11.60 7.98 6.55
Performance Differential (NAV - Index) -0.05 -0.44 -0.14 -0.85 -1.01 -0.66 -0.39 -0.39
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) -2.87 27.15 13.87 13.87 20.65 9.59 5.44 5.35
SLX (Share Price) -3.67 27.10 14.10 14.10 20.72 9.55 5.48 5.36
STEEL (Index) -2.61 27.56 14.66 14.66 21.46 10.22 5.83 5.73
Performance Differential (NAV - Index) -0.26 -0.41 -0.79 -0.79 -0.81 -0.63 -0.39 -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 02/28/23

Daily Holdings
Total Holdings: 25
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Vale Sa
VALE US
869,235
14,203,300 10.12
Rio Tinto Plc
RIO US
201,190
14,028,979 9.99
Nucor Corp
NUE US
61,808
10,349,132 7.37
Ternium Sa
TX US
188,580
8,035,394 5.72
Cleveland-Cliffs Inc
CLF US
358,838
7,654,015 5.45
Steel Dynamics Inc
STLD US
59,716
7,530,785 5.36
Ati Inc
ATI US
185,045
7,522,079 5.36
Arcelormittal Sa
MT US
236,939
7,167,405 5.11
Posco Holdings Inc
PKX US
113,949
6,949,750 4.95
Cia Siderurgica Nacional Sa
SID US
2,072,222
6,713,999 4.78
Top 10 Total (%) 64.21
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 02/28/23

Country % of Net Assets
● United States 50.69
● Brazil 18.62
● Netherlands 10.05
● Australia 9.99
● Luxembourg 5.11
● South Korea 4.95
● Canada 0.72
● Other/Cash -0.13

Sector Weightings (%)
as of 02/28/23

Sector % of Net Assets
● Materials 94.38
● Energy 4.33
● Industrials 1.43
● Other/Cash -0.13

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