VanEck Steel ETFVanEck Steel ETFVanEck Steel ETF

VanEck Steel ETF

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Key stats


Assets under management (AUM)
‪71.10 M‬USD
Fund flows (1Y)
‪−20.69 M‬USD
Dividend yield (indicated)
3.36%
Discount/Premium to NAV
0.1%
Shares outstanding
‪1.15 M‬
Expense ratio
0.56%

About VanEck Steel ETF


Issuer
Van Eck Associates Corp.
Brand
VanEck
Home page
Inception date
Oct 10, 2006
Structure
Open-Ended Fund
Index tracked
NYSE Arca Steel (TR)
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
SLX is one available global steel ETF targeting not only steel producers but also the companies that service and supply them, giving it exposure to industries outside the scope of its benchmark. The fund will normally invest at least 80% of its total assets in companies involved in this particular sector, which may include small- and midcap companies as well as foreign and emerging market issuers. Reviewed quarterly, the index is market-cap-weighted while taking into account the following adjustments: (i) individual component weights may not account for more than 20% of the total index value and (ii) the aggregate weight of such components individually representing more than 5% of the total index value may not account for more than 50% of the same.

Classification


Asset Class
Equity
Category
Sector
Focus
Materials
Niche
Steel producers
Strategy
Vanilla
Geography
Global
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of June 2, 2025
Exposure type
StocksBonds, Cash & Other
Non-Energy Minerals
Stocks99.80%
Non-Energy Minerals89.88%
Producer Manufacturing5.12%
Energy Minerals4.79%
Bonds, Cash & Other0.20%
Cash0.20%
Stock breakdown by region
15%56%23%4%
North America56.43%
Europe23.56%
Latin America15.76%
Asia4.26%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


SLX invests in stocks. The fund's major sectors are Non-Energy Minerals, with 89.88% stocks, and Producer Manufacturing, with 5.12% of the basket. The assets are mostly located in the North America region.
SLX top holdings are Rio Tinto plc Sponsored ADR and Vale S.A. Sponsored ADR, occupying 10.18% and 7.80% of the portfolio correspondingly.
SLX last dividends amounted to 2.08 USD. The year before, the issuer paid 2.07 USD in dividends, which shows a 0.56% increase.
SLX assets under management is ‪71.10 M‬ USD. It's fallen 3.24% over the last month.
SLX fund flows account for ‪−20.69 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SLX pays dividends to its holders with the dividend yield of 3.36%. The last dividend (Dec 24, 2024) amounted to 2.08 USD. The dividends are paid annually.
SLX shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Oct 10, 2006, and its management style is Passive.
SLX expense ratio is 0.56% meaning you'd have to pay 0.56% of your investment to help manage the fund.
SLX follows the NYSE Arca Steel (TR). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SLX invests in stocks.
SLX price has risen by 3.61% over the last month, and its yearly performance shows a −9.51% decrease. See more dynamics on SLX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.88% increase in three-month performance and has decreased by −7.68% in a year.
SLX trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.