SIL

Silver Miners ETF

Overview Prices & Performance Holdings & Characteristics Documents

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 11/20/24

Inception Date	04/19/10
Total Expense Ratio	0.65%
Net Assets	$1.26 billion
NAV	$36.30

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 11/20/24

Ticker	SIL
B3 Trading Code	BSIL39
Bloomberg Index Ticker	SOLGLOSI
CUSIP	37954Y848
ISIN	US37954Y8488
Primary Exchange	NYSE Arca
Shares Outstanding	34,797,318
Number of Holdings	40
30-Day Median Bid-Ask Spread	0.12%

Distributions As of 11/20/24

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

ETF Prices As of 11/20/24

NAV	$36.30	Daily Change	-$0.38	-1.04%
Market Price	$36.14	Daily Change	-$0.47	-1.28%

Cumulative Returns (as of 10/31/24)	1 Month	6 Months	YTD	12 Months	24 Months	Since Inception	Inception Date
Return SIL	10.42%	30.19%	35.70%	61.49%	41.65%	2.15%	04/19/10

Returns (as of 11/19/24)	Return SIL	Return Index
Since Inception	-3.13%	3.29%
12 Months	37.70%	37.36%
24 Months	34.33%	34.27%
Last 60 Trading Days	12.46%	12.76%
Last 75 Trading Days	19.74%	20.07%

Monthly Returns (through 11/19/24)	Return SIL	Return Index
Nov 2024	-5.16%	-5.00%
Oct 2024	10.42%	14.33%
Sep 2024	7.18%	7.25%
Aug 2024	-4.77%	-4.81%
Jul 2024	9.57%	9.22%
Jun 2024	-9.51%	-9.53%
May 2024	12.58%	11.63%
Apr 2024	12.30%	12.44%
Mar 2024	18.64%	18.74%
Feb 2024	-9.50%	-9.33%
Jan 2024	-10.55%	-10.26%
Dec 2023	3.41%	3.38%
Nov 2023	15.08%	15.29%
Oct 2023	0.43%	0.51%
Sep 2023	-9.62%	-9.70%
Aug 2023	-4.62%	-4.57%
Jul 2023	7.18%	6.90%
Jun 2023	-3.83%	-3.68%
May 2023	-9.44%	-9.53%
Apr 2023	-2.92%	-2.84%
Mar 2023	15.14%	15.19%
Feb 2023	-11.87%	-12.30%
Jan 2023	7.57%	7.85%
Dec 2022	-1.00%	-0.72%
Nov 2022	14.27%	14.67%

Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

NAV & Index Chart

Net Assets (%)	Ticker	Name	Country	SEDOL	Market Price ($)	Shares Held	Market Value ($)
22.42	WPM	WHEATON PRECIOUS	United States	BDG1S92	62.81	4,507,923	283,120,104.02
13.37	PAAS	PAN AMERICAN SILVER CORP	United States	2703396	22.42	7,532,980	168,889,411.60
10.23	010130 KS	KOREA ZINC CO LTD	Republic Of Korea	6495428	724.63	178,295	129,198,346.57
5.00	PE&OLES* MM	INDUSTRIAS PENOL	Mexico	2448200	15.07	4,188,642	63,137,412.99
4.72	OR CN	OSISKO GOLD ROYALTIES LTD	Canada	BN60CQ4	19.80	3,012,861	59,650,603.69
4.53	CDE	COEUR MINING INC	United States	2208136	6.53	8,757,411	57,185,893.83
4.36	BVN	BUENAVENTURA-ADR	United States	2210476	12.14	4,536,889	55,077,832.46
4.02	HL	HECLA MINING CO	United States	2418601	5.62	9,030,198	50,715,849.52
3.42	AG CN	FIRST MAJESTIC S	Canada	2833583	6.53	6,606,782	43,161,541.70
2.64	FVI CN	FORTUNA MINING CORP	Canada	BPLQGB4	4.83	6,910,297	33,401,906.82
2.60	SIL CN	SILVERCREST METALS INC	Canada	BYVY3D2	10.17	3,230,568	32,845,415.05
2.58	FRES LN	FRESNILLO PLC	United Kingdom	B2QPKJ1	8.28	3,929,169	32,537,591.86
2.57	MAG CN	MAG SILVER CORP	Canada	2581332	15.70	2,065,657	32,431,670.31
2.02	SSRM	SSR MINING INC	United States	BF7MQ72	5.73	4,461,420	25,563,936.60
1.95	EXK	ENDEAVOUR SILVER CORP	United States	B018TM7	4.50	5,469,708	24,613,686.00
1.91	AYA CN	AYA GOLD & SILVER INC	Canada	BK94091	9.47	2,545,407	24,116,486.43
1.83	TFPM CN	TRIPLE FLAG PRECIOUS MET	Canada	BJ171P4	16.58	1,391,981	23,077,108.97
1.57	HOC LN	HOCHSCHILD MINING PLC	United Kingdom	B1FW502	2.87	6,885,021	19,774,530.18
1.35	GATO	GATOS SILVER INC	United States	BN44WZ7	16.43	1,038,573	17,063,754.39
1.31	SVM CN	SILVERCORP METALS INC	Canada	2784261	3.56	4,649,361	16,531,356.40
1.29	ADT AU	ADRIATIC METALS PLC-CDI	Australia	BD215T5	2.71	6,022,204	16,298,093.03
0.75	VZLA CN	VIZSLA SILVER CORP	Canada	BS84LB7	1.85	5,126,889	9,480,681.50
0.66	MUX	MCEWEN MINING INC	United States	BQGD8H7	8.42	993,404	8,364,461.68
0.50	GGD CN	GOGOLD RESOURCES INC	Canada	B60BNP0	0.93	6,729,768	6,246,393.26
0.42	ABRA CN	ABRASILVER RESOURCE CORP	Canada	BR4XSQ5	1.96	2,695,012	5,291,505.78
0.35	KCN AU	KINGSGATE CONSOL	Australia	6492731	0.87	5,028,342	4,372,953.72
0.32	DSV CN	DISCOVERY SILVER CORP	Canada	BND9899	0.59	6,762,240	4,007,324.86
0.24	NUAG CN	NEW PACIFIC METALS CORP	Canada	BMW5909	1.54	1,982,160	3,042,727.40
0.24	DV CN	DOLLY VARDEN SILVER LTD	Canada	BYPYQH3	0.81	3,761,562	3,034,817.26
0.20	PRYM CN	PRIME MINING CORP	Canada	BKTTMM3	1.06	2,374,674	2,509,294.25
0.16	SVL AU	SILVER MINES LTD	Australia	B1HMJH5	0.07	30,028,117	2,046,268.75
0.11		CASH	United States		1.00	1,354,734	1,354,733.99
0.10	AAG CN	AFTERMATH SILVER LTD	Canada	BDFS6H8	0.32	3,772,403	1,225,505.76
0.10		OTHER PAYABLE & RECEIVABLES	United States		1.00	1,215,234	1,215,234.35
0.10	GSVR CN	GUANAJUATO SILVER CO LTD	Canada	BMDM727	0.15	8,278,214	1,211,647.77
0.07	HYMC	HYCROFT MINING H	United States	BS70KX1	2.45	383,359	939,229.55
0.01	GORO	GOLD RESOURCE CORP	United States	B1DZ912	0.14	1,265,507	175,652.37
0.00		MEXICAN PESO	United States		0.05	52,920	2,614.17
0.00		PERUVIAN NEW SOL	United States		0.26	32	8.51
0.00		KOREAN WON	United States		0.00	2	0.00

Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 10/31/24

	Sector	Weight (%)
	Materials	99.6
	Energy	0.4

Source: AltaVista Research, LLC

Country Breakdown As of 10/31/24

	Country	Weight (%)
	Canada	65.1
	United States	10.8
	South Korea	8.4
	Britain	5.7
	Mexico	5.0
	Peru	4.4
	Australia	0.6

Source: AltaVista Research, LLC

ETF Characteristics As of 11/19/24

Return on Equity	5.80%
Weighted Avg. Market Cap	10,005 M
	2023	2024
Price-to-earnings	69.67	32.41
Price-to-book value	1.91	1.84

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus	Beta
S&P 500	0.76
MSCI EAFE	0.92
MSCI Emg. Mkts	0.90
Standard Deviation	31.20%

Source: AltaVista Research, LLC

ETF Documents

Latest Premium / Discount As of 11/20/24

NAV	$36.30
Market Price	$36.14
Premium / (Discount)	-$0.16

Current View 2024 Q4 As of 11/20/24

Days at Premium	17
Days at NAV	0
Days at Discount	20
Greatest Premium	0.40%
Greatest Discount	-1.03%

Daily Premium / Discount History As of 11/20/24

Hover over the chart points for details

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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.

Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

SIL

Silver Miners ETF

Reasons to Consider SIL

High Growth Potential

Appeal of Silver

ETF Efficiency

Key Information As of 11/20/24

ETF Summary

ETF Objective

Trading Details As of 11/20/24

Distributions As of 11/20/24

ETF Prices As of 11/20/24

Performance History

NAV & Index Chart

Top Holdings As of 11/20/24

Sector Breakdown As of 10/31/24

Country Breakdown As of 10/31/24

ETF Characteristics As of 11/19/24

ETF Risk Stats As of 10/31/24

ETF Documents