SLVX ETF — Holdings & Analysis

Nicholas Silver Income ETF (SLVX) is a equity ETF. 1.16% expense ratio, $2M AUM, 47 holdings, inception 2024.

Nicholas Silver Income ETF (SLVX) ETF — Price, Holdings & Analysis

Nicholas Silver Income ETF (SLVX) is a equity ETF. 1.16% expense ratio, $2M AUM, 47 holdings, inception 2024.

ETF Overview

The fund seeks total return by investing primarily in silver-related investments, including physical silver exposure, silver futures, and securities of companies engaged in silver mining and production, with an income-focused strategy designed to generate yield alongside silver exposure. Nicholas Silver Income ETF provides exposure to the equity market. The portfolio is moderately concentrated with 47 holdings. It is heavily weighted toward Financial Services (50.8%), reflecting a sector-tilted strategy.

Risk Metrics

Heavy allocation to Financial Services (50.8%) means sector-specific downturns could disproportionately affect performance. The 1.16% expense ratio is above average and will reduce net returns over time. With $2M in assets, the fund may face liquidity constraints and wider bid-ask spreads.

Expense Ratio

1.16%

How Is the Fund Allocated?

Sector	Weight
Financial Services	50.8%
Basic Materials	47.4%
Cash & Others	1.8%

Country	Weight
United States	56.0%
Canada	42.5%
Other	1.5%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Questions & Answers

What is Nicholas Silver Income ETF (SLVX)?

With $2M in assets under management, it is a funds in its category.

What is the expense ratio for SLVX?

Nicholas Silver Income ETF has an expense ratio of 1.16%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $116.

Lower expense ratios generally lead to better long-term returns, all else being equal.

What sectors does SLVX invest in?

Nicholas Silver Income ETF allocates across 3 sectors. The largest sector exposures are Financial Services (50.8%), Basic Materials (47.4%), Cash & Others (1.8%). The fund is heavily concentrated in Financial Services.

How long has SLVX been around?

Nicholas Silver Income ETF was launched in 2024, making it 2 years old. It is a relatively newer fund with a shorter track record.

What is the current NAV of SLVX?

Nicholas Silver Income ETF has a net asset value (NAV) of approximately $21.03 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.