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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

  • Fundamentals
    as of 03/31/14

    • Weighted Average Market Cap

      $30.2B
    • Price/Earnings Ratio
      (LTM: Last 12 Months)*

      23.98
    • Price/Book Ratio
      (LTM: Last 12 Months)*

      1.19
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 03/31/14

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      77.9%
    • Mid ($1.0 - $5.0B)

      19.2%
    • Small (<$1.0B)

      3.3%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 03/31/14

    • Beta vs. S&P 500 Index

      1.86
    • Correlation vs. S&P 500 Index

      0.77
    • Volatility (Standard Deviation)

      29.45
    • Sharpe Ratio

      -0.43

    Source: Van Eck Global, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      35.4
    • BRAZIL

      22.7
    • UNITED KINGDOM

      14.0
    • LUXEMBOURG

      6.4
    • NETHERLANDS

      6.2
    • SOUTH KOREA

      5.8
    • BAHAMAS

      4.7
    • CW

      4.5
    • RUSSIA

      0.7
    • Other

      -0.4
    • Total

      100.0
  • Portfolio Composition (%)
    as of 04/15/14

    • % of Net Assets

    • Stocks

      100.25
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.25
    • Total

      100.00
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Materials

      89.0
    • Energy

      6.2
    • Industrials

      5.1
    • Other

      -0.4
    • Total

      99.9
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      100.35
    • Other

      -0.35
    • Total

      100.00