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Steel ETF SLX

  • 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.

  •  
     

    • Fund Ticker

      SLX
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      STEEL
    • Index Provider

      NYSE Arca
    • Total Net Assets

      $104.9M
    • Shares Outstanding

      2,250,000
    • Number of Holdings

      28
    • Commencement Date

      10/10/2006
  •  
    as of 04/15/14

  • Index Key Points

    Underlying Index: NYSE Arca Steel Index (STEEL) 

    The Index comprises: 

    Companies primarily involved in activities related to steel production, including mill operation, steel fabrication, and the extraction and reduction of iron ore

    Companies eligible for inclusion in Index: 

    • Primarily involved in activities related to steel production
    • Market cap exceeding $100 million
    • Daily average traded volume of at least $1 million over the past three months

    Index provider: 

    NYSE Alternext

  • Index Profile

    • Ticker

      STEEL
    • Inception Date

      09/29/2006
    • Rebalance Frequency

      Quarterly
  • Index Top 10 Constituents (%) as of 03/31/14

    Total Constituents: 27
    Constituent Name
    Ticker
    Weightings (%)
    Rio Tinto Plc-Spon Adr
    RIO US
    13.72
    Vale Sa-Sp Adr
    VALE US
    13.67
    Arcelormittal-Ny Registered
    MT US
    6.41
    Tenaris Sa-Adr
    TS US
    6.23
    Posco-Adr
    PKX US
    5.77
    Nucor Corp
    NUE US
    4.84
    Sesa Sterlite Ltd-Adr
    SSLT US
    4.71
    Cia Siderurgica Nacl-Sp Adr
    SID US
    4.54
    Gerdau Sa -Spon Adr
    GGB US
    4.51
    Ternium Sa-Sponsored Adr
    TX US
    4.46
    Top 10 Total (%) 68.86
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 03/31/14

    • Country

      Weightings (%)
    • U.S.

      35.3
    • BRAZIL

      22.7
    • UNITED KINGDOM

      13.7
    • LUXEMBOURG

      10.9
    • NETHERLANDS

      6.2
    • SOUTH KOREA

      5.8
    • INDIA

      4.7
    • RUSSIA

      0.7
    • OTHERS

      0.0
    • Total

      100.0
  • Index Sector Weightings (%)
    as of 03/31/14

    • Sector

      Weightings (%)
    • Materials

      88.7
    • Energy

      6.2
    • Industrials

      5.1
    • Total

      100.0