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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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    STEEL
  • Index Rebalancing

    Quarterly

 
as of 09/17/21

  • 30-Day SEC Yield1

    3.49%
  • Total Net Assets

    $172.0M
  • Number of Holdings

    26
  • Options

    Available
  • Gross Expense Ratio2

    0.95%
  • Net Expense Ratio/TER2

    0.56%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 08/31/2021

Category Overall 3 Year 5 Year
Natural Resources
3 stars of 105 funds
3 stars of 105 funds
3 stars of 98 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

    3,000,000
  • 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

  • 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 09/17/21

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 $57.32
$57.26
100,334
216,339
-$2.35 / -3.93%
$-2.45 / -4.10%
+28.60%
+28.30%
$-0.06
-0.11%
0.07%

Premium/Discount History as of 09/17/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 103 23 42 41 28
SLX Days closed at NAV 36 13 2 4 6
Days closed at a discount 114 28 20 16 29


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) -3.44 -1.08 40.22 107.21 16.39 19.34 4.09 5.57
SLX (Share Price) -3.58 -1.12 39.95 107.03 16.39 19.31 4.09 5.57
STEEL (Index) -3.40 -0.94 41.04 109.57 17.08 19.98 4.44 5.93
Performance Differential (NAV - Index) -0.04 -0.14 -0.82 -2.36 -0.69 -0.64 -0.35 -0.36
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) -1.93 11.22 39.02 129.07 15.04 20.90 1.84 5.58
SLX (Share Price) -1.92 11.04 38.83 128.99 15.05 20.93 1.83 5.58
STEEL (Index) -1.87 11.38 39.71 131.86 15.73 21.51 2.16 5.93
Performance Differential (NAV - Index) -0.06 -0.16 -0.69 -2.79 -0.69 -0.61 -0.32 -0.35

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 26
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to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
VALE SA
VALE US
1,379,365
26,304,491 13.15
RIO TINTO PLC
RIO US
350,247
26,293,042 13.15
NUCOR CORP
NUE US
136,477
16,044,236 8.02
ARCELORMITTAL SA
MT US
466,058
15,589,640 7.79
TERNIUM SA
TX US
264,689
14,393,788 7.20
POSCO
PKX US
159,053
11,356,384 5.68
VEDANTA LTD
VEDL US
625,253
10,291,664 5.15
STEEL DYNAMICS INC
STLD US
146,560
9,891,334 4.95
UNITED STATES STEEL CORP
X US
363,809
9,731,891 4.87
CLEVELAND-CLIFFS INC
CLF US
408,967
9,598,455 4.80
Top 10 Total (%) 74.76
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • United States

    35.95
  • Brazil

    20.93
  • Australia

    13.15
  • Netherlands

    11.15
  • Luxembourg

    7.79
  • South Korea

    5.68
  • India

    5.15
  • China

    0.05
  • Other/Cash

    0.17

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Materials

    94.7
  • Energy

    3.9
  • Industrials

    1.2
  • Other/Cash

    0.2