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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 09/29/22

  • 30-Day SEC Yield1

    5.98%
  • Total Net Assets

    $78.7M
  • 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

    1,650,000
  • 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%

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

  • 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 09/29/22

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 $47.68
$47.65
31,447
32,339
$-0.81 / -1.68%
$-0.86 / -1.77%
-10.47%
-10.42%
$-0.03
-0.05%
0.10%

Premium/Discount History as of 09/29/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 115 24 22 20 23
SLX Days closed at NAV 19 4 5 6 4
Days closed at a discount 118 36 37 36 35

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) -1.92 -15.87 -0.66 -9.39 22.06 8.65 5.83 4.56
SLX (Share Price) -1.98 -15.82 -0.55 -9.32 22.11 8.64 5.81 4.56
STEEL (Index) -1.84 -15.84 -0.23 -8.85 22.94 9.28 6.21 4.93
Performance Differential (NAV - Index) -0.08 -0.03 -0.43 -0.54 -0.88 -0.63 -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 08/31/22 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Rio Tinto Plc
RIO US
187,581
10,558,934 11.25
Vale Sa
VALE US
822,360
10,213,711 10.88
Nucor Corp
NUE US
64,140
8,526,772 9.08
United States Steel Corp
X US
219,958
5,030,439 5.36
Arcelormittal Sa
MT US
211,615
4,991,998 5.32
Steel Dynamics Inc
STLD US
61,640
4,975,581 5.30
Commercial Metals Co
CMC US
121,453
4,920,061 5.24
Reliance Steel & Aluminum Co
RS US
25,736
4,837,853 5.15
Tenaris Sa
TS US
175,091
4,783,486 5.09
Posco Holdings Inc
PKX US
95,325
4,482,182 4.77
Top 10 Total (%) 67.44
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • United States

    50.52
  • Brazil

    18.90
  • Australia

    11.25
  • Netherlands

    8.89
  • Luxembourg

    5.32
  • South Korea

    4.77
  • China

    0.28
  • Other/Cash

    0.08

Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Materials

    93.3
  • Energy

    5.1
  • Industrials

    1.5
  • Other/Cash

    0.1