Continue to site >
Trending ETFs

VanEck Steel ETF

ETF
SLX
Payout Change
Pending
Price as of:
$72.61 +1.21 +1.69%
primary theme
Natural Resources Industry Equity
SLX (ETF)

VanEck Steel ETF

Payout Change
Pending
Price as of:
$72.61 +1.21 +1.69%
primary theme
Natural Resources Industry Equity
SLX (ETF)

VanEck Steel ETF

Payout Change
Pending
Price as of:
$72.61 +1.21 +1.69%
primary theme
Natural Resources Industry Equity

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Steel ETF

SLX | ETF

$72.61

$127 M

2.85%

$2.07

0.58%

Vitals

YTD Return

-1.6%

1 yr return

20.8%

3 Yr Avg Return

15.8%

5 Yr Avg Return

17.5%

Net Assets

$127 M

Holdings in Top 10

63.5%

52 WEEK LOW AND HIGH

$71.4
$55.64
$74.86

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Steel ETF

SLX | ETF

$72.61

$127 M

2.85%

$2.07

0.58%

SLX - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return 15.8%
  • 5 Yr Annualized Total Return 17.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.48%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    VanEck Steel ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Oct 16, 2006
  • Shares Outstanding
    2050000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Liao

Fund Description

The Fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Such companies may include small- and medium-capitalization companies and foreign and emerging market issuers. As of December 31, 2022, the Steel Index included 25 securities of companies with a market capitalization range of between approximately $373.74 million and $87.16 billion and a weighted average market capitalization of $28.65 billion. These amounts
are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Steel Index by investing in a portfolio of securities that generally replicates the Steel Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Steel Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Steel Index. The Fund normally invests at least 80% of its total assets in securities that comprise the Steel Index.
The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Steel Index concentrates in an industry or group of industries. As of December 31, 2022, the basic materials sector represented a significant portion of the Fund.
Read More

SLX - Performance

Return Ranking - Trailing

Period SLX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -12.2% 10.8% 88.79%
1 Yr 20.8% -25.5% 73.2% 11.32%
3 Yr 15.8%* -12.3% 27.6% 17.14%
5 Yr 17.5%* -3.1% 21.7% 4.00%
10 Yr 8.7%* -6.7% 12.5% 9.64%

* Annualized

Return Ranking - Calendar

Period SLX Return Category Return Low Category Return High Rank in Category (%)
2023 27.5% -13.1% 52.1% 2.83%
2022 8.7% -34.9% 34.0% 39.05%
2021 19.2% -4.9% 83.5% 80.58%
2020 18.4% -23.4% 126.4% 23.76%
2019 8.2% -25.1% 36.9% 74.00%

Total Return Ranking - Trailing

Period SLX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -12.2% 10.8% 88.79%
1 Yr 20.8% -25.5% 73.2% 11.32%
3 Yr 15.8%* -12.3% 27.6% 17.14%
5 Yr 17.5%* -3.1% 21.7% 4.00%
10 Yr 8.7%* -6.7% 12.5% 9.64%

* Annualized

Total Return Ranking - Calendar

Period SLX Return Category Return Low Category Return High Rank in Category (%)
2023 31.2% -12.2% 57.6% 2.83%
2022 14.3% -32.2% 35.5% 39.05%
2021 28.0% -2.5% 83.6% 38.83%
2020 20.6% -22.2% 127.8% 23.76%
2019 11.2% -25.1% 38.7% 71.00%

SLX - Holdings

Concentration Analysis

SLX Category Low Category High SLX % Rank
Net Assets 127 M 1.56 M 7.28 B 80.56%
Number of Holdings 25 23 445 98.15%
Net Assets in Top 10 89.1 M 627 K 3.57 B 78.70%
Weighting of Top 10 63.55% 16.6% 77.8% 12.96%

Top 10 Holdings

  1. Rio Tinto PLC 11.38%
  2. Vale SA 11.32%
  3. Nucor Corp 6.73%
  4. United States Steel Corp 5.30%
  5. POSCO Holdings Inc 5.06%
  6. ArcelorMittal SA 4.98%
  7. Tenaris SA 4.85%
  8. Cia Siderurgica Nacional SA 4.70%
  9. Cleveland-Cliffs Inc 4.68%
  10. ATI Inc 4.56%

Asset Allocation

Weighting Return Low Return High SLX % Rank
Stocks
99.93% 0.00% 104.40% 17.59%
Cash
0.48% 0.00% 24.88% 81.48%
Preferred Stocks
0.00% 0.00% 7.55% 32.41%
Other
0.00% -0.01% 22.94% 38.89%
Convertible Bonds
0.00% 0.00% 0.43% 25.93%
Bonds
0.00% 0.00% 77.23% 30.56%

Stock Sector Breakdown

Weighting Return Low Return High SLX % Rank
Basic Materials
85.19% 2.49% 100.00% 13.89%
Industrials
8.69% 0.00% 63.67% 33.33%
Energy
6.12% 0.00% 89.67% 60.19%
Utilities
0.00% 0.00% 35.93% 66.67%
Technology
0.00% 0.00% 17.68% 58.33%
Real Estate
0.00% 0.00% 36.20% 46.30%
Healthcare
0.00% 0.00% 22.67% 47.22%
Financial Services
0.00% 0.00% 4.52% 36.11%
Communication Services
0.00% 0.00% 0.21% 22.22%
Consumer Defense
0.00% 0.00% 33.96% 62.04%
Consumer Cyclical
0.00% 0.00% 43.37% 64.81%

Stock Geographic Breakdown

Weighting Return Low Return High SLX % Rank
US
99.93% 0.00% 104.40% 5.56%
Non US
0.00% 0.00% 88.44% 79.63%

SLX - Expenses

Operational Fees

SLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.08% 4.45% 80.56%
Management Fee 0.50% 0.00% 1.25% 20.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

SLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 4.00% 169.00% 19.32%

SLX - Distributions

Dividend Yield Analysis

SLX Category Low Category High SLX % Rank
Dividend Yield 2.85% 0.00% 12.69% 35.19%

Dividend Distribution Analysis

SLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

SLX Category Low Category High SLX % Rank
Net Income Ratio 5.48% -35.65% 6.21% 1.87%

Capital Gain Distribution Analysis

SLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SLX - Fund Manager Analysis

Managers

Peter Liao


Start Date

Tenure

Tenure Rank

Oct 10, 2006

15.65

15.7%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Guo Hua (Jason) Jin


Start Date

Tenure

Tenure Rank

Mar 12, 2018

4.22

4.2%

Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.69 0.16