VanEck Steel ETF
SLX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Oct 17, 2006
- CIK
- 0001137360
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck Steel ETF (SLX) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index (STEEL), tracking companies involved in the steel sector worldwide, including producers, steel service centers, and related metals firms. The ETF provides investors one-trade access to the steel industry supporting global industrialization; pure-play exposure to steel production activities such as mining, processing, and distribution; and convenient customization of commodity portfolios with targeted steel allocation. Top holdings include Rio Tinto Plc (10.85%), Vale SA (8.65%), ArcelorMittal SA (5.84%), Nucor Corp (5.58%), and ATI Inc (5.34%), with sector weightings led by materials (80.94%), industrials (13.82%), and energy (5.09%), and geographic exposure primarily to the United States (51.16%), Brazil (17.68%), and Australia (10.72%). SLX, with total net assets of $156.94 million, a net expense ratio of 0.56%, and a dividend yield of 2.45% as of December 2025, operates in the natural resources segment and targets investors seeking value-oriented mid-cap exposure to the global steel market. Launched on October 10, 2006, by issuer VanEck, founded in 1955 and headquartered in New York, the ETF domiciled in the United States lists on NYSE Arca. It serves institutional and retail investors globally through brokers, with no subsidiaries but part of VanEck's suite of thematic ETFs. In a major strategic shift, VanEck Steel ETF (SLX) undergoes changes to its benchmark index, investment objective, and principal investment strategy after the close of trading on December 19, 2025, enhancing its tracking of steel sector performance. The fund recently hit a 52-week high in November 2025, surging 57% from its yearly low amid regulatory relief and strong sector momentum, reflecting robust year-to-date returns of 45.03%. No recent partnerships, acquisitions, funding rounds, or new product launches specific to SLX were reported in the last 1-2 years.