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SILX

ETFMG Prime 2x Daily Junior Silver Miners ETF

About SILX

SILX™ seeks daily investment results, before fees and expenses, of 200% of the performance of the Prime Junior Silver Miners and Explorers Index, designed to give direct exposure to the silver mining exploration and production industry.

  • This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The Fund should not be expected to provide 2x the return of the benchmark’s cumulative return for periods greater than a day. There is no guarantee the Fund will meet its stated investment objective.
  • Silver is the most electrically conductive metal in the world and has significant industrial application (solar panels, medical devices, smartphones), and acts as a store of value (coins, bars, jewelry).
  • This asset class is uncorrelated to most broad equity markets and can be a great method of diversification.

Why Invest in a Leveraged ETF?

  • Short-term trading seeking to magnify/capitalize on daily market movements.
  • Can be used either as a hedging vehicle or in some arbitrage strategies.
  • More efficient way of capital deployment to gain exposure.

About the Fund

The ETFMG Prime 2x Daily Junior Silver Miners ETF (SILX™) seeks daily investment results, before fees and expenses, that correspond to two times (2x) or 200% the return of the Prime Junior Silver Miners & Explorers Index (the “Index”) for a single day, not for any other period. The Index provides a benchmark for investors interested in tracking public, small-cap companies that are active in the silver mining exploration and production industry.

About the Index

The Prime Junior Silver Miners & Explorers Index is designed to provide a benchmark for investors interested in tracking public, small-cap companies that are active in the silver mining exploration and production industry. The stocks are screened for liquidity and weighted according to modified free-float market capitalization. An investment cannot be made directly in an index.

Investing in an ETFMG 2x Daily Leveraged ETF may be more volatile than investing in broadly diversified funds. The use of leverage by an ETF increases the risk to the ETF. The ETFMG 2x Daily Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment as frequently as daily. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s 2x the return of the Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises.

Prime Indexes

Prime Indexes creates financial indexes that solve problems for both professional and self-directed investors. Prime Indexes are used as the basis for innovative new investment solutions for investors and use intuitive design principles so that new investment products can ultimately provide low-cost, efficient, and convenient access.

For more information, visit www.primeindexes.com.

Research
Fund Summary
Fund Inception
6/15/2021
Ticker
SILX
AUM as of 5/31/2023 1
$5,154,604
CUSIP
26924G730
ISIN
US26924G7300
Stock Exchange
NYSE ARCA
Expense Ratio 2
0.95%
Intraday NAV (IIV)
SILX.IV
NAV Symbol
SILX.NV
Rebalance Frequency
Daily
Index Provider
Prime Indexes
Index Ticker
PJRSILVN
Income Data
30-Day SEC Yield
as of 5/31/2023 3
1.11%
Fund Documents
Related Funds

Fund Prices

Last Updated 5/31/2023

Fund Name

ETFMG Prime 2x Daily Junior Silver Miners ETF

NAV

1.92

Nav Price Change

0.00

Median Bid/Ask Spread (30 Day) (%)

0.90

Symbol

SILX

Market Price Close

1.95

Market Price Changes

0.00

Premium/Discount (%)

1.76


Month End Performance

Last Updated 04/30/2023

NAV% Market Value%
Cumulative    
1 Month -6.08 -4.12
3 Months -11.39 -11.11
6 Months 19.84 21.90
YTD -2.08 0.46
Since Inception Cumulative -74.76 -74.40
Annual    
1 Year -42.83 -42.23
3 Year - -
5 Year - -
Since Inception Annualized -52.03 -51.67

Quarter End Performance

Last Updated 03/31/2023

NAV% Market Value%
Cumulative    
1 Month 27.80 26.54
3 Months 4.26 4.78
6 Months 27.40 25.35
YTD 4.26 4.78
Since Inception Cumulative -73.12 -73.30
Annual    
1 Year -54.37 -55.18
3 Year - -
5 Year - -
Since Inception Annualized -51.97 -52.14

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).


Top 10 Index Holdings

Last Updated 05-31-2023

Name % Total Assets Ticker
FIRST MAJESTIC SILVER CORP11.99%AG UN Equity
MAG SILVER CORP10.54%MAG CT Equity
CAPSTONE COPPER CORP6.83%CS CT Equity
HECLA MINING CO5.93%HL UN Equity
PAN AMERICAN SILVER CORP4.92%PAAS CT Equity
SSR MINING INC4.70%SSRM CT Equity
HARMONY GOLD MNG-SPON ADR4.46%HMY UN Equity
SILVERCREST METALS INC4.38%SIL CT Equity
AYA GOLD & SILVER INC3.66%AYA CT Equity
FILO MINING CORP2.98%FIL CT Equity

An Investment cannot be made directly in an index.

Research
Fund Summary
Fund Inception
6/15/2021
Ticker
SILX
AUM as of 5/31/2023 1
$5,154,604
CUSIP
26924G730
ISIN
US26924G7300
Stock Exchange
NYSE ARCA
Expense Ratio 2
0.95%
Intraday NAV (IIV)
SILX.IV
NAV Symbol
SILX.NV
Rebalance Frequency
Daily
Index Provider
Prime Indexes
Index Ticker
PJRSILVN
Income Data
30-Day SEC Yield
as of 5/31/2023 3
1.11%
Fund Documents
Related Funds

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