Sprott Silver Miners & Physical Silver ETF (SLVR US)
SLVR US$48.16
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 48.16
- Change
- ▲ 0.10 (0.20)
- Bid / Ask
- 47.19 - 49.52
- Volume
- 40,763
- Turnover
- 1,661,935
- Open
- 47.95
- Day Range
- 47.29 - 48.16
- VWAP
- 47.50
- Prev Close
- 48.07
- Last Trade
- 28/10 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$593.7M
OCT 2026
Distributions
Annually
Since inception
1.8 yrs
JAN 2025
- Legal name
- Sprott Silver Miners & Physical Silver ETF
- Issuer
- Sprott
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Equity Precious Metals
- Category index
- MSCI World/Metals & Mining NR USD
- Benchmark
- Nasdaq Sprott Silver Miners TR USD
- ETF net assets
- $593.7M
- Units on issue
- 12.8M
- Management fee
- 0.65% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 14 JAN 2025
- Listed
- 15 JAN 2025
Objective and strategy
The investment seeks to provide investment results that, before fees and expenses, that track the total return performance of the Nasdaq Sprott Silver Miners Index. The fund will, under normal circumstances, invest at least 80% of the value of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, production, development, or exploration of silver; and publicly traded closed-end trusts that invest 50% or more of their assets in physical silver. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 3.81%Non-US equity 77.59%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 81.40 | 81.40 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 0.00 | 0.05 | 0.04 |
| Other | 18.60 | 18.60 | 0.00 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 99.42%Sensitive 0.00%Defensive 0.58%
- Basic Materials
- 99.42%
- Consumer Cyclical
- 0.00%
- Financial Services
- 0.00%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 0.00%
- Industrials
- 0.00%
- Technology
- 0.00%
- Consumer Defensive
- 0.58%
- Healthcare
- 0.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 95.46%Emerging markets 4.54%
- North America
- 91.14%
- Latin America
- 3.85%
- United Kingdom
- 0.32%
- Europe Developed
- 0.48%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.69%
- Japan
- 0.00%
- Australasia
- 3.53%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- Canada
- 86.46%
- United States
- 4.68%
- Australia
- 3.53%
- Mexico
- 2.90%
- Peru
- 0.95%
- Other Countries
- 0.69%
- Sweden
- 0.48%
- United Kingdom
- 0.32%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Small Growth
Size score
94
Small
Mid
Large
Value-growth score
314
Value
Blend
Growth
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 10.15%
- Mid
- 41.25%
- Small
- 34.49%
- Micro
- 14.11%
Large 10%Mid 41%Small 34%Micro 14%
- Average market cap
- $3.22B
- Number of holdings
- 79
- Shares held
- 76
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 23.86
- Price / book
- 3.59
- Price / sales
- 5.64
- Price / cash flow
- 13.21
- Dividend yield
- 0.25%
- Assets in top 10
- 74.37%
- Return on equity
- 9.36%
- Net margin
- 26.03%
Top holdings · top 10 = 73.97% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| First Majestic Silver Corp AG | 20.35 | JAN 2025 | 141.6M | CAD | 8.0M | Basic Materials | Canada | |
| Sprott Physical Silver Trust PSLV | 17.82 | — | 124.0M | USD | 6.4M | — | Canada | |
| Aya Gold & Silver Inc AYA | 9.05 | JAN 2025 | 63.0M | CAD | 2.3M | Basic Materials | Canada | |
| Wheaton Precious Metals Corp WPM | 4.83 | JAN 2025 | 33.6M | CAD | 251,468 | Basic Materials | Canada | |
| Silvercorp Metals Inc SVM | 4.69 | JAN 2025 | 32.6M | CAD | 3.1M | Basic Materials | Canada | |
| Endeavour Silver Corp EXK | 4.38 | JAN 2025 | 30.5M | USD | 3.5M | Basic Materials | Canada | |
| Abrasilver Resource Corp ABRA | 3.29 | JAN 2025 | 22.9M | CAD | 2.7M | Basic Materials | Canada | |
| Americas Gold And Silver Corp USA | 3.23 | AUG 2025 | 22.5M | CAD | 5.2M | Basic Materials | Canada | |
| GoGold Resources Inc GGD | 3.18 | JAN 2025 | 22.1M | CAD | 7.6M | Basic Materials | Canada | |
| Vizsla Silver Corp Ordinary Shares (New Shares) VZLA | 3.14 | JAN 2025 | 21.9M | CAD | 5.8M | Basic Materials | Canada |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-13.1
3M
8.6
6M
-7.5
YTD
-2.2
1Y
28.1
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -13.12 | -13.12 | -13.07 | 98 / 70 |
| 3 months | 8.56 | 8.47 | 8.73 | 91 / 69 |
| 6 months | -7.53 | -8.01 | -7.23 | 91 / 69 |
| Year to date | -2.17 | -2.44 | -1.70 | 100 / 66 |
| 1 year | 28.13 | 27.56 | 28.96 | 22 / 65 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 14.48 | — | — | — |
| Beta | 2.11 | — | — | — |
| R-squared | 20.67 | — | — | — |
| Standard deviation | 65.73 | — | — | — |
| Sharpe ratio | 0.63 | — | — | — |
| Sortino ratio | 1.06 | — | — | — |
| Tracking error | 60.62 | — | — | — |
| Information ratio | 0.19 | — | — | — |
| Upside capture % | 325.71 | — | — | — |
| Downside capture % | 540.18 | — | — | — |
| Maximum drawdown % | -29.14 | — | — | — |
Measured against MSCI ACWI NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
- Best quarter
- 69.32% · FEB 2026
- Worst quarter
- 5.96% · MAR 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.65% p.a.
- PDS dated
- 30 APR 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 2.0547
- Ex Date
- 18 DEC 2025
- Record Date
- 18 DEC 2025
- Pay Date
- 22 DEC 2025
- NAV at ex date
- 53.00
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
2.1
| Year | Per unit ($) |
|---|---|
| 2024 | 2.0547 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 18 DEC 2025 | 2.0547 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
27.92
Negligible
Low
Medium
High
Severe
Category average 26.28
- Rank in category
- 72nd percentile of 114 funds
- Environmental risk
- 5.68
- Social risk
- 5.10
- Governance risk
- 2.56
- Portfolio covered
- 69.0%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 10.51%
- Low
- 0.95%
- Medium
- 59.55%
- High
- 26.08%
- Severe
- 2.92%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
11.98
Low
Medium
High
Severe
Category average 10.95
- Carbon risk
- Medium Risk
- Rank in category
- 85th percentile of 62 funds
- Fossil fuel involvement
- 0.00%
- Category average
- 3.31%
- Low Carbon Designation
- No
- Portfolio covered
- 69.2%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Ryan Mischker
- Kyle Kleckner
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 1.0 years
- Longest tenure
- 1.8 years
- Longest serving
- Ryan Mischker · since 14 JAN 2025
- Most recent appointment
- Kyle Kleckner · since 31 AUG 2026
- Managed since
- 14 JAN 2025
- Other funds managed
- 33
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
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