SIL


Silver Miners ETF

Reasons to Consider SIL

Targeted Exposure

SIL is a targeted play on silver mining.

Appeal of Silver

Historically, investors have turned to silver as a potential store of value. It also has a range of industrial uses, particularly in electronics.

ETF Efficiency

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

Key Information As of 02/27/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $730.17 million
NAV $22.99
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 02/26/24

Ticker SIL
Bloomberg Index Ticker SOLGLOSI
CUSIP 37954Y848
ISIN US37954Y8488
Primary Exchange NYSE Arca
Shares Outstanding 31,757,318
Number of Holdings 32
30-Day Median Bid-Ask Spread 0.12%

Distributions As of 02/27/24

30-Day SEC Yield 0.37%
Distribution Frequency Semi-Annually

ETF Prices As of 02/27/24

NAV $22.99 Daily Change $0.01 0.04%
Market Price $22.98 Daily Change -$0.04 -0.17%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 1.92% 1.32% 2.41%
3 Years -13.77% -13.90% -14.02%
5 Years 3.96% 3.79% 4.02%
10 Years -0.50% -0.59% -0.27%
Since Inception -2.05% -2.09% -1.65%
1 Year -15.25% -15.64% -14.82%
3 Years -15.74% -15.86% -15.97%
5 Years -0.00% -0.08% 0.06%
10 Years -2.36% -2.40% -2.13%
Since Inception -2.83% -2.86% -2.43%
Year-to-Date 1.92% 1.32% 2.41%
1 Month 3.42% 2.87% 3.35%
3 Months 19.56% 19.27% 19.63%
Since Inception -24.72% -25.11% -20.39%
Year-to-Date -10.56% -10.47% -10.49%
1 Month -10.56% -10.47% -10.49%
3 Months 6.45% 6.21% 6.53%
Since Inception -32.67% -32.95% -28.74%

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 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
22.37 WPM WHEATON PRECIOUS BDG1S92 39.50 4,134,804 163,324,758.00
12.96 PAAS PAN AMERICAN SILVER CORP 2703396 12.49 7,577,950 94,648,595.50
9.52 BVN BUENAVENTURA-ADR 2210476 15.50 4,484,560 69,510,680.00
7.81 010130 KS KOREA ZINC CO LTD 6495428 343.36 166,004 56,999,758.07
5.61 PE&OLES* MM INDUSTRIAS PENOL 2448200 12.69 3,229,142 40,985,919.40
4.23 HL HECLA MINING CO 2418601 3.58 8,634,616 30,911,925.28
4.18 FR CN FIRST MAJESTIC S 2833583 4.61 6,625,477 30,531,248.72
3.63 FRES LN FRESNILLO PLC B2QPKJ1 5.93 4,466,441 26,506,446.28
3.02 CDE COEUR MINING INC 2208136 2.53 8,724,148 22,072,094.44
2.71 MAG CN MAG SILVER CORP 2581332 8.52 2,324,392 19,806,202.77
2.66 FVI CN FORTUNA SILVER MINES INC 2383033 2.70 7,185,720 19,400,035.50
2.63 TFPM CN TRIPLE FLAG PRECIOUS MET BJ171P4 12.23 1,572,053 19,232,779.78
2.53 AYA CN AYA GOLD & SILVER INC BK94091 7.14 2,588,454 18,475,965.16
2.45 SIL CN SILVERCREST METALS INC BYVY3D2 5.05 3,540,889 17,888,436.61
2.13 ADT AU ADRIATIC METALS PLC-CDI BD215T5 2.11 7,345,640 15,532,537.63
1.73 SSRM SSR MINING INC BF7MQ72 4.66 2,704,368 12,602,354.88
1.41 SVM CN SILVERCORP METALS INC 2784261 2.43 4,234,788 10,305,449.55
1.21 HOC LN HOCHSCHILD MINING PLC B1FW502 1.16 7,629,734 8,844,890.32
0.96 EXK ENDEAVOUR SILVER CORP B018TM7 1.48 4,738,976 7,013,684.48
0.88 GATO GATOS SILVER INC BN44WZ7 5.60 1,150,714 6,443,998.40
0.82 MUX MCEWEN MINING INC BQGD8H7 6.08 981,921 5,970,079.68
0.78 GGD CN GOGOLD RESOURCES INC B60BNP0 0.75 7,563,265 5,706,224.56
0.69 VZLA CN VIZSLA SILVER CORP BM8VBZ0 1.08 4,628,265 4,998,163.32
0.60 KCN AU KINGSGATE CONSOL 6492731 0.79 5,584,986 4,387,464.21
0.55 PRYM CN PRIME MINING CORP BKTTMM3 1.48 2,692,107 3,982,554.09
0.45 DSV CN DISCOVERY SILVER CORP BND9899 0.44 7,431,841 3,298,276.27
0.40 SVL AU SILVER MINES LTD B1HMJH5 0.09 31,877,905 2,921,649.13
0.31 ABRA CN ABRASILVER RESOURCE CORP BMYS155 0.20 11,103,816 2,258,625.98
0.27 NUAG CN NEW PACIFIC METALS CORP BMW5909 0.96 2,025,188 1,947,368.17
0.24 DV CN DOLLY VARDEN SILVER LTD BYPYQH3 0.51 3,489,507 1,780,953.31
0.13 GSVR CN GUANAJUATO SILVER CO LTD BMDM727 0.13 7,771,714 977,248.70
0.07 GORO GOLD RESOURCE CORP B1DZ912 0.26 2,014,075 523,055.28
0.07 OTHER PAYABLE & RECEIVABLES 1.00 477,337 477,336.84
0.00 MEXICAN PESO 0.06 52,920 3,103.63
0.00 PERUVIAN NEW SOL 0.26 32 8.51
0.00 KOREAN WON 0.00 2 0.00
-0.01 CASH 1.00 -98,088 -98,088.42
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Materials 99.7
Energy 0.3

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Precious Metals 82.9
Other Metals/Minerals 16.8
Oil & Gas Production 0.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 62.4
United States 8.9
Peru 8.5
South Korea 7.3
Britain 7.0
Mexico 5.0
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 02/26/24

Return on Equity 6.00%
Weighted Avg. Market Cap 6,931 M
2023 2024
Price-to-earnings 42.51 19.35
Price-to-book value 1.18 1.13

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.96
NASDAQ-100 0.70
MSCI EAFE 1.16
MSCI Emg. Mkts 0.92
Standard Deviation 30.40%

Source: new windowAltaVista Research, LLC

ETF Research

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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.