SLVR is designed to track an index of 30-50 companies engaged in silver mining and publicly traded closed-end trusts that hold physical silver. It primarily invests in firms that derive significant revenue from silver-related activities. The fund selects securities through a proprietary methodology, classifying issuers as growing Silver Producers, Developers, or Explorerscompanies involved in extracting silver, preparing mines, or searching for silver. Qualifying securities must have a Silver Intensity Score of at least 25%. Stocks are categorized into Group 1 for scores of at least 50% using unadjusted free float market cap, and Group 2 for scores between 25% and 50% using a theme-adjusted calculation. Weights are based on modified market-cap with adjustments to limit concentration, including a cap of 17.5% for physical silver. By rebalancing semi-annually, SLVR maintains exposure to companies that contribute to the silver industry while ensuring broad exposure to the segment.

First Majestic Silver Corp.

Endeavour Silver Corp.

Wheaton Precious Metals Corp.

Coeur Mining, Inc.

Hecla Mining Company

Compañía de Minas Buenaventura S.A.A.

Triple Flag Precious Metals Corp.

OR Royalties Inc.

Hycroft Mining Holding Corporation

Sprott Silver Miners & Physical Silver ETF

SLVR Holdings & Sector Breakdown