SIL


Silver Miners ETF

Reasons to Consider SIL

High Growth Potential

The global silver market was estimated to be $7bn in 2023, with forecasts suggesting it could grow to over $11bn by 2028, thanks in part to growing demand from increased industrial applications.1

Appeal of Silver

Historically, investors have turned to silver as a potential store of value. However, it also has a range of industrial uses, including electronics, solar panels, LED lighting, touch screens, and more.

ETF Efficiency

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

1The Business Research Company, Jan 2024

Key Information As of 06/13/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $1.10 billion
NAV $31.29
Fact Sheet View the document

ETF Summary

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

ETF 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.

Trading Details As of 06/13/24

Ticker SIL
Bloomberg Index Ticker SOLGLOSI
CUSIP 37954Y848
ISIN US37954Y8488
Primary Exchange NYSE Arca
Shares Outstanding 35,017,318
Number of Holdings 33
30-Day Median Bid-Ask Spread 0.12%

Distributions As of 06/13/24

30-Day SEC Yield -0.11%
Distribution Frequency Semi-Annually

ETF Prices As of 06/13/24

NAV $31.29 Daily Change -$0.73 -2.28%
Market Price $31.24 Daily Change -$0.77 -2.41%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year -10.34% -10.07% -9.79%
3 Years -10.99% -10.94% -11.20%
5 Years 1.91% 2.01% 2.01%
10 Years -2.17% -2.19% -1.93%
Since Inception -2.30% -2.28% -1.89%
1 Year 28.99% 29.40% 29.76%
3 Years -9.91% -9.91% -10.17%
5 Years 9.97% 9.91% 10.07%
10 Years 1.29% 1.29% 1.59%
Since Inception -0.63% -0.62% -0.21%
Year-to-Date -3.96% -3.21% -3.71%
1 Month 18.63% 18.87% 18.69%
3 Months -3.96% -3.21% -3.71%
Since Inception -27.71% -27.51% -23.35%
Year-to-Date 21.43% 22.28% 21.91%
1 Month 12.59% 13.44% 12.63%
3 Months 50.00% 50.17% 50.27%
Since Inception -8.59% -8.42% -2.95%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). 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. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
22.76 WPM WHEATON PRECIOUS BDG1S92 52.88 4,715,461 249,353,577.68
14.36 PAAS PAN AMERICAN SILVER CORP 2703396 19.77 7,956,689 157,303,741.53
7.11 BVN BUENAVENTURA-ADR 2210476 16.73 4,655,742 77,890,563.66
4.86 CDE COEUR MINING INC 2208136 5.36 9,924,461 53,195,110.96
4.79 010130 KS KOREA ZINC CO LTD 6495428 354.84 147,944 52,496,779.12
4.56 HL HECLA MINING CO 2418601 5.15 9,693,472 49,921,380.80
4.53 TFPM CN TRIPLE FLAG PRECIOUS MET BJ171P4 15.03 3,301,100 49,628,692.52
4.08 AG CN FIRST MAJESTIC S 2833583 6.09 7,329,873 44,654,382.42
3.53 FVI CN FORTUNA SILVER MINES INC 2383033 4.88 7,924,826 38,657,687.80
3.43 PE&OLES* MM INDUSTRIAS PENOL 2448200 12.92 2,908,942 37,571,223.10
2.93 FRES LN FRESNILLO PLC B2QPKJ1 6.88 4,657,616 32,049,725.83
2.69 MAG CN MAG SILVER CORP 2581332 12.16 2,419,991 29,415,324.43
2.66 SIL CN SILVERCREST METALS INC BYVY3D2 7.92 3,681,446 29,172,157.61
2.47 AYA CN AYA GOLD & SILVER INC BK94091 9.77 2,767,146 27,036,779.64
2.27 SSRM SSR MINING INC BF7MQ72 4.74 5,248,441 24,851,368.14
1.68 EXK ENDEAVOUR SILVER CORP B018TM7 3.52 5,225,803 18,394,826.56
1.63 ADT AU ADRIATIC METALS PLC-CDI BD215T5 2.63 6,770,071 17,801,543.91
1.59 HOC LN HOCHSCHILD MINING PLC B1FW502 2.19 7,961,409 17,461,637.51
1.38 SVM CN SILVERCORP METALS INC 2784261 3.42 4,415,081 15,117,612.24
1.18 GATO GATOS SILVER INC BN44WZ7 10.81 1,193,115 12,897,573.15
0.95 MUX MCEWEN MINING INC BQGD8H7 10.26 1,017,210 10,436,574.60
0.73 GGD CN GOGOLD RESOURCES INC B60BNP0 1.03 7,809,138 8,004,714.17
0.73 VZLA CN VIZSLA SILVER CORP BM8VBZ0 1.65 4,826,865 7,965,529.10
0.56 KCN AU KINGSGATE CONSOL 6492731 1.05 5,849,592 6,136,940.65
0.48 DSV CN DISCOVERY SILVER CORP BND9899 0.68 7,744,880 5,236,260.70
0.36 PRYM CN PRIME MINING CORP BKTTMM3 1.38 2,830,469 3,919,918.17
0.36 NUAG CN NEW PACIFIC METALS CORP BMW5909 1.66 2,364,710 3,919,551.31
0.35 SVL AU SILVER MINES LTD B1HMJH5 0.11 35,217,573 3,858,447.79
0.34 ABRA CN ABRASILVER RESOURCE CORP BR4XSQ5 1.53 2,454,618 3,747,372.18
0.23 DV CN DOLLY VARDEN SILVER LTD BYPYQH3 0.73 3,504,092 2,547,411.58
0.15 GSVR CN GUANAJUATO SILVER CO LTD BMDM727 0.19 8,586,018 1,591,679.39
0.10 HYMC HYCROFT MINING H BS70KX1 2.68 418,567 1,121,759.56
0.09 CASH 1.00 996,136 996,135.99
0.09 GORO GOLD RESOURCE CORP B1DZ912 0.44 2,235,091 977,405.29
0.03 OTHER PAYABLE & RECEIVABLES 1.00 357,953 357,952.90
0.00 MEXICAN PESO 0.05 52,920 2,850.06
0.00 PERUVIAN NEW SOL 0.26 32 8.55
0.00 KOREAN WON 0.00 2 0.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Materials 99.7
Energy 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Precious Metals 87.4
Other Metals/Minerals 12.2
Oil & Gas Production 0.4

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 65.8
United States 11.9
Peru 6.9
Britain 6.1
South Korea 4.7
Mexico 3.8
Australia 1.0

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 06/13/24

Return on Equity 5.70%
Weighted Avg. Market Cap 8,049 M
2023 2024
Price-to-earnings 56.72 27.06
Price-to-book value 1.56 1.51

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.87
NASDAQ-100 0.66
MSCI EAFE 1.06
MSCI Emg. Mkts 0.92
Standard Deviation 31.30%

Source: new windowAltaVista Research, LLC

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.