SIL

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 02/23/21

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	$1,297,552,532
Net Asset Value (NAV)	$45.14
Shares Outstanding	28,747,318
Total Expense Ratio	0.66%

Distributions

30-Day SEC Yield	0.57%
Distribution Frequency	Semi-Annually

Fund Documents

Fund Research

Fund Prices As of 02/23/21

NAV	$45.14	Daily Change	-$0.29	-0.63%
Market Price	$45.32	Daily Change	-$0.30	-0.66%
30-Day Median Bid-Ask Spread	0.18%

As of recent (12/31/20) As of recent (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%
1 Year	43.10%	43.51%	44.00%
3 Years	12.47%	12.39%	13.02%
5 Years	21.47%	21.46%	22.26%
10 Years	-3.07%	-3.11%	-2.60%
Since Inception	1.10%	1.11%	1.71%
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%
Since Inception	17.42%	17.32%	25.23%
Year-to-Date	-4.16%	-4.03%	-4.09%
1 Month	-4.16%	-4.03%	-4.09%
3 Months	5.12%	5.16%	5.54%
Since Inception	12.53%	12.59%	20.10%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 02/23/21

Return on Equity	14.00%
Weighted Avg. Market Cap	7,089 M
	2020	2021
Price-to-earnings	31.23	16.33
Price-to-book value	2.40	2.18

Source: AltaVista Research, LLC

Fund Risk Stats As of 02/23/21

Versus	Beta
S&P 500	1.01
MSCI EAFE	0.94
MSCI Emg. Mkts	1.12
Standard Deviation	37.80%

Source: AltaVista Research, LLC

Sector Breakdown As of 01/31/21

% of Net Assets
	Materials	99.2
	Financials	0.2
	Energy	0.1
	Other/Cash	0.5

Source: AltaVista Research, LLC

Country Breakdown As of 01/31/21

% of Net Assets
	Canada	57.7
	Russia	12.0
	United States	9.9
	South Korea	5.5
	Britain	5.2
	Peru	4.7
	Mexico	3.5
	United Kingdom	0.6
	Australia	0.6
	Other/Cash	0.3

Source: AltaVista Research, LLC

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
17.59	WPM	WHEATON PRECIOUS	BDG1S92	39.64	5,797,767	229,823,483.88
11.58	PAAS	PAN AMERICAN SILVER CORP	2703396	34.61	4,370,391	151,259,232.51
11.33	POLY LN	POLYMETAL	B6T5S47	21.12	7,006,522	147,993,098.37
6.52	FR CN	FIRST MAJESTIC S	2833583	19.29	4,415,908	85,167,319.66
6.03	HL	HECLA MINING CO	2418601	6.86	11,484,028	78,780,432.08
5.73	010130 KS	KOREA ZINC CO LTD	6495428	389.86	192,071	74,881,144.37
4.33	BVN	BUENAVENTURA-ADR	2210476	11.48	4,932,947	56,630,231.56
3.94	CDE	COEUR MINING INC	2208136	10.12	5,087,347	51,483,951.64
3.70	FRES LN	FRESNILLO PLC	B2QPKJ1	13.79	3,500,740	48,271,766.42
3.69	SSRM	SSR MINING INC	BF7MQ72	15.37	3,133,666	48,164,446.42
3.23	PE&OLES* MM	INDUSTRIAS PENOL	2448200	14.62	2,882,970	42,153,532.64
3.17	MAG CN	MAG SILVER CORP	2581332	21.29	1,942,399	41,362,407.37
2.61	FVI CN	FORTUNA SILVER MINES INC	2383033	8.06	4,229,194	34,103,425.56
2.00	SIL CN	SILVERCREST METALS INC	BYVY3D2	9.17	2,851,649	26,141,153.18
1.93	SVM CN	SILVERCORP METALS INC	2784261	6.44	3,908,096	25,186,507.02
1.81	EXK	ENDEAVOUR SILVER CORP	B018TM7	6.61	3,567,298	23,579,839.78
1.40	HOC LN	HOCHSCHILD MINING PLC	B1FW502	3.11	5,894,431	18,324,225.18
0.88	VOLCABC1 PE	VOLCAN CIA MIN-B	2236063	0.21	53,917,187	11,513,984.99
0.77	GGD CN	GOGOLD RESOURCES INC	B60BNP0	1.98	5,068,125	10,056,202.63
0.75	DSV CN	DISCOVERY METALS CORP	BDFZBZ2	2.10	4,686,282	9,856,460.42
0.72	NUAG CN	NEW PACIFIC METALS CORP	BMW5909	5.13	1,841,602	9,442,238.91
0.68	AXU	ALEXCO RESOURCE CORP	B12G7Z6	2.94	3,031,126	8,911,510.44
0.67	MUX	MCEWEN MINING INC	B7M5FL7	1.19	7,368,597	8,768,630.43
0.62	GPL	GREAT PANTHER MINING LTD	B03NNF1	1.02	7,991,399	8,151,226.98
0.60	ADT AU	ADRIATIC METALS PLC-CDI	BD215T5	1.87	4,231,665	7,897,519.57
0.55	USA CN	AMERICAS GOLD AN	BK7CQN3	2.77	2,572,945	7,126,932.06
0.34	GORO	GOLD RESOURCE CORP	B1DZ912	2.87	1,564,042	4,488,800.54
0.30	SVL AU	SILVER MINES LTD	B1HMJH5	0.19	20,931,368	3,972,613.22
0.30	BCM CN	BEAR CREEK MINING CORP	2578668	2.10	1,878,633	3,951,250.01
0.27	KCN AU	KINGSGATE CONSOL	6492731	0.79	4,470,744	3,535,470.61
0.27	ITR CN	INTEGRA RESOURCES CORP	BMVXZT5	3.37	1,037,119	3,490,126.24
0.21	PRYM CN	PRIME MINING CORP	BKTTMM3	1.73	1,589,208	2,749,691.21
0.18	SVE CN	SILVER ONE RESOURCES INC	BD9BNP0	0.65	3,639,442	2,368,619.74
0.18	AAG CN	AFTERMATH SILVER LTD	BDFS6H8	1.06	2,223,074	2,364,315.38
0.17	AUN CN	AURCANA SILVER CORP	BHZGV97	0.72	3,102,752	2,240,965.37
0.16	IPT CN	IMPACT SILVER CORP	2480592	0.76	2,794,935	2,129,558.79
0.16	ABRA CN	ABRAPLATA RESOURCE CORP	BYVL2T2	0.39	5,325,530	2,071,121.63
0.14	AAU	ALMADEN MINERALS LTD - B	BYQX5P0	0.74	2,545,088	1,879,547.49
0.14	EXN CN	EXCELLON RESOURCES INC	BMXP889	3.31	547,904	1,813,373.29
0.13	KTN CN	KOOTENAY SILVER INC	B44SK41	0.33	5,122,396	1,666,877.54
0.10		CASH		0.96	1,325,627	1,275,224.12
0.09		FORTITUDE GOLD CORP	BMH74X8	2.85	392,226	1,117,844.10
0.03	WHG CN	WHITEHORSE GOLD CORP	BMFKG99	1.75	247,692	434,461.11

Holdings are subject to change.

Latest Premium / Discount As of 02/23/21

NAV	$45.14
Market Price	$45.32
Premium / (Discount)	$0.18

Current View 2021 Q1 As of 02/23/21

Days at Premium	26
Days at NAV	0
Days at Discount	9
Greatest Premium	1.21%
Greatest Discount	-0.53%

Daily Premium / Discount History As of 02/23/21

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.

SIL

Silver Miners ETF

Fund Summary

Fund Objective

Why SIL?

Targeted Exposure

ETF Efficiency

Fund Details As of 02/23/21

Key Facts

Stats & Fees

Distributions

Fund Documents

Fund Research

Fund Prices As of 02/23/21

Performance History

Fund Characteristics As of 02/23/21

Fund Risk Stats As of 02/23/21

Sector Breakdown As of 01/31/21

Country Breakdown As of 01/31/21

Top Holdings As of 02/23/21