Silver Miners ETF

Fund Summary

The Global X Silver Miners ETF (SIL) provides investors access to a broad range of silver mining companies.

Fund Objective

The Global X Silver Miners ETF (SIL) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Silver Miners Total Return Index.

Why SIL?

Targeted Exposure

SIL is a targeted play on silver mining.

ETF Efficiency

In a single trade, SIL delivers efficient access to a basket of companies involved in the mining of silver.

Fund Details As of 01/14/21

Key Facts

Ticker SIL
Inception Date 04/19/10
CUSIP 37954Y848
ISIN US37954Y8488
Bloomberg Index Ticker SOLGLOSI
Primary Exchange NYSE Arca
Number of Holdings 42

Stats & Fees

Net Assets $1,151,362,825
Net Asset Value (NAV) $43.70
Shares Outstanding 26,347,318
Total Expense Ratio 0.66%


30-Day SEC Yield 0.08%
Distribution Frequency Semi-Annually

Fund Prices As of 01/14/21

NAV $43.70 Daily Change -$0.20 -0.46%
Market Price $43.77 Daily Change -$0.17 -0.39%
30-Day Median Bid-Ask Spread 0.16%

Performance History

Cumulative %

Data as of month-end (12/31/20)

Fund NAV Market Price Index
Year-to-Date 41.04% 40.34% 41.89%
1 Month 15.88% 16.00% 15.90%
3 Months 6.63% 7.10% 7.06%
6 Months 25.54% 25.28% 26.10%
Since Inception 17.42% 17.32% 25.23%

Avg Annualized %

Data as of month-end (12/31/20)

Fund NAV Market Price Index
1 Year 41.04% 40.34% 41.89%
3 Years 13.56% 13.61% 14.11%
5 Years 21.69% 21.72% 22.22%
10 Years -4.53% -4.63% -3.90%
Since Inception 1.51% 1.50% 2.12%

Avg Annualized %

Data as of quarter-end (12/31/20)

Fund NAV Market Price Index
1 Year 41.04% 40.34% 41.89%
3 Years 13.56% 13.61% 14.11%
5 Years 21.69% 21.72% 22.22%
10 Years -4.53% -4.63% -3.90%
Since Inception 1.51% 1.50% 2.12%

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Fund Characteristics As of 01/14/21

Return on Equity 7.90%
Weighted Avg. Market Cap 7,446 M
2019 2020
Price-to-earnings 67.85 29.29
Price-to-book value 2.38 2.27

Source: AltaVista Research, LLC

Fund Risk Stats As of 01/14/21

Versus Beta
S&P 500 0.97
MSCI Emg. Mkts 1.06
Standard Deviation 37.70%

Source: AltaVista Research, LLC

Sector Breakdown As of 12/31/20

% of Net Assets
Materials 99.6
Energy 0.2
Financials 0.2

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/20

% of Net Assets
Canada 56.4
Russia 12.3
United States 10.6
Britain 5.4
South Korea 5.3
Peru 5.2
Mexico 3.7
United Kingdom 0.6
Australia 0.5

Source: AltaVista Research, LLC

Top 10 Holdings As of 01/15/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
19.17 WPM WHEATON PRECIOUS BDG1S92 39.89 5,276,743 210,489,278.27
13.08 POLY LN POLYMETAL B6T5S47 22.52 6,377,362 143,644,813.08
10.63 PAAS PAN AMERICAN SILVER CORP 2703396 29.33 3,977,907 116,672,012.31
5.97 010130 KS KOREA ZINC CO LTD 6495428 375.19 174,807 65,585,417.71
5.05 HL HECLA MINING CO 2418601 5.31 10,450,460 55,491,942.60
4.44 BVN BUENAVENTURA-ADR 2210476 10.86 4,488,779 48,748,139.94
4.43 SSRM SSR MINING INC BF7MQ72 17.06 2,851,890 48,653,243.40
4.32 FR CN FIRST MAJESTIC S 2833583 11.81 4,018,280 47,460,991.93
4.28 FRES LN FRESNILLO PLC B2QPKJ1 14.77 3,183,540 47,018,955.75
3.99 PE&OLES* MM INDUSTRIAS PENOL 2448200 16.72 2,622,970 43,843,459.40
Holdings are subject to change.

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in silver and the silver mining industry. SIL is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.