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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 02/07/23

  • 30-Day SEC Yield1

    3.05%
  • Total Net Assets

    $137.8M
  • 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

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

    2,075,000
  • 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%

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 12/31/2022

Category Overall 3 Year 5 Year
Natural Resources

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 02/07/23

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 $66.40
$66.47
46,696
59,432
$-0.14 / -0.21%
$-0.11 / -0.17%
+14.89%
+14.92%
$0.07
0.11%
0.13%

Premium/Discount History as of 02/07/23

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* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/10/06
SLX (NAV) 17.66 34.36 17.66 36.25 32.37 11.45 7.17 6.38
SLX (Share Price) 17.55 34.25 17.55 36.38 32.43 11.45 7.17 6.38
STEEL (Index) 17.75 34.86 17.75 37.24 33.36 12.11 7.56 6.77
Performance Differential (NAV - Index) -0.09 -0.50 -0.09 -0.99 -0.99 -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

Top 10 Holdings (%) as of 01/31/23

Daily Holdings
Total Holdings: 25
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Vale Sa
VALE US
745,511
13,926,145 11.22
Rio Tinto Plc
RIO US
172,554
13,692,160 11.03
Nucor Corp
NUE US
53,010
8,959,750 7.22
Cleveland-Cliffs Inc
CLF US
307,762
6,570,719 5.29
Cia Siderurgica Nacional Sa
SID US
1,777,268
6,540,346 5.27
Ternium Sa
TX US
161,738
6,526,128 5.26
Arcelormittal Sa
MT US
203,215
6,287,472 5.07
Steel Dynamics Inc
STLD US
51,218
6,178,940 4.98
Posco Holdings Inc
PKX US
97,731
6,050,526 4.88
Ati Inc
ATI US
158,706
5,775,311 4.65
Top 10 Total (%) 64.87
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 01/31/23

Country % of Net Assets
United States 47.75
Brazil 20.79
Australia 11.03
Netherlands 9.77
Luxembourg 5.07
South Korea 4.88
Canada 0.73
Other/Cash -0.01

Sector Weightings (%)
as of 01/31/23

Sector % of Net Assets
Materials 94.12
Energy 4.51
Industrials 1.39
Other/Cash -0.01

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