Market Vectors ETFs
Van Eck Mutual Funds
3/4/14: According to Tom Lydon, “Solar exchange traded funds are enjoying their moment in the sun as analyst upgrades, better-than-expected fourth quarter results and improved guidance brighten the sector.” KWT receives mention.View article »
2/17/14: The MMTA’s latest edition of The Crucible looks not only at European rare earths production, but also provides a magnesium metal market overview. In addition, Jeffery A. Green of J.A. Green & Company examines how critical public procurement of materials is to U.S. national security.View article »
11/15/13: Todd Shriber describes the improving fundamental outlook for the solar space. “Cheaper financing, including the proliferation of solar leasing, has helped bolster once dim prospects. The Chinese government stepping up to help its ailing solar firms has been a significant catalyst…”View article »
11/04/13: Todd Shriber discusses SLX in the context of Goldman Sach’s recent upgrade of its view on the steel sector from cautious to neutral. Additionally, he writes, “Not only have materials stocks and ETFs been rallying recently, but history shows this is the ideal time of the year in which to own materials names.”View article »
Gold Miners ETF
Junior Gold Miners ETF
Rare Earth/Strategic Metals ETF
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Full Name: Market Vectors®Steel ETF (SLX®)
Management Style: Replication
Underlying Index: NYSE Arca Steel Index (STEEL)
Index Description: STEEL is a modified market capitalization-weighted index comprised of publicly traded companies predominantly involved in the production of steel products or mining and processing of iron ore.
Index Total Return Ticker
Total Net Assets
Number of Holdings
30-Day SEC Yield1
Gross Expense Ratio2
Net Expense Ratio2
Market Vectors Exchange Traded Funds (ETFs) may lend securities to generate additional income which may help reduce expenses. All net proceeds earned by Market Vectors ETFs in the securities lending process are allocated to the applicable ETF after subtracting fees payable to the lending agent.
Securities lending is an established practice that involves the lending of securities from a lender (“Fund”) to a third-party (“Borrower”). In return, the Borrower posts collateral — typically cash or U.S. Government securities — in an amount equal to at least 102% of the value of the borrowed securities. Over the course of the loan term, the Fund will receive any interest or dividends on the securities loaned. Moreover, the Borrower will pay a fee, as well as any interest earned on the investment of the cash collateral.
The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under "Lending Portfolio Securities".
The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under Lending Portfolio Securities.
The Top 10 Collateral Holdings table relates to securities obtained as collateral under the securities lending program. The information displayed comes from the securities lending administrator and is not necessarily all inclusive.
The Securities Lending Summary table reflects year-to-date information. Securities Lending Return is calculated using net securities lending revenues to the Fund divided by the total net assets as of month end of the Fund. Average On-Loan is the average market value of securities on loan compared to the total net assets as of month end of the Fund. Maximum On-Loan is not to exceed 33%, but the daily percentage on loan figure may increase or decrease over time. Collateralization is the amount of collateral received for the securities on loan divided by the market value of the securities on loan.
Each Fund may lend up to 33% of its investments requiring that the loan be continuously collateralized by cash, U.S. Government or U.S. Government agency securities, shares of an investment trust or mutual fund, or any combination of cash and such securities at all times equal to at least 102% (105% for foreign securities) of the market value plus accrued interest on the securities loaned.