Nicholas Silver Income ETF
Fund Summary
SLVX is an actively managed exchange-traded fund (“ETF”) that holds equity shares of Silver Industry Companies and provides exposure to the price returns of U.S.-listed exchange-traded funds (“ETFs”) that seek exposure to silver. The Fund will generate options premiums through using options contracts on the individual holdings of the equity portfolio as well as the Underlying Funds.
Fund Objective
The Fund’s strategy includes three components:
- Equity Portfolio: Holding equity shares of companies that have principal business activities in the exploration, development, mining, refining, or production of silver.
- Commodities Portfolio: Providing direct and/or indirect exposure to the price returns of select U.S. listed exchange-traded funds (“ETFs”) and/or exchange-traded products that seek exposure to silver.
- Options Overlay: Generating options premiums through an options portfolio which involves using options contracts on the individual holdings of the equity portfolio as well as the Underlying Funds.
The Fund is an actively managed exchange-traded fund (“ETF”) that primarily seeks capital appreciation, with a secondary objective of current income.
The Gentleman’s Hedge
Fund Details
| Ticker | SLVX |
| Primary Exchange | NYSE Arca |
| CUSIP | 88636X286 |
| Expense Ratio* | 1.16% |
| Distribution Rate** | -% |
| 30 Day SEC Yield As of * | - |
*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.
**The most recent distribution on XX/XX/XXXX contains X.XX% return of capital and XX.XX% income.
**The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12) and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.
Fund Data & Price
| Net Assets | - |
| NAV | - |
| Shares Outstanding | - |
| Premium/Discount Percentage | - |
| Closing Price | - |
| Median 30 Day Spread* | - |
*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
| Fund Ticker | 1MO | 3MO | 6MO | YTD | 1YR | Since Inception (Cumulative) | Since Inception (Annualized) |
|---|---|---|---|---|---|---|---|
| SLVX MKT | - | - | - | - | - | - | - |
| SLVX NAV | - | - | - | - | - | - | - |
| Fund Ticker | 1MO | 3MO | 6MO | YTD | 1YR | Since Inception (Cumulative) | Since Inception (Annualized) |
|---|---|---|---|---|---|---|---|
| SLVX MKT | - | - | - | - | - | - | - |
| SLVX NAV | - | - | - | - | - | - | - |
The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (855) 563-6900.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
Distribution Detail
| Ex-Date | Record Date | Payable Date | Fund Total |
|---|---|---|---|
| XX/XX/XXXX | XX/XX/XXXX | XX/XX/XXXX | - |
Top 10 Holdings
The Nicholas Silver Income ETF (SLVX) Fund is an actively managed exchange-traded fund (“ETF”) that seeks to provide income using U.S. Treasury fixed income securities and a “defined risk option premium.
The Fund’s defined risk option premium strategy uses options on ETFs across multiple asset classes (e.g., equities, commodities, fixed income). Through the defined risk option premium strategy, two options transactions are paired together in order to create a “defined risk” trade that caps the maximum possible gains and losses from the outset.
| Name | CUSIP | Shares | Price | Market Value | Weightings ▲ |
|---|---|---|---|---|---|
| - | - | - | - | - | - |
Holdings are subject to change without notice.
Under normal circumstances, the Fund will invest at least 80% of its net assets in U.S. Treasury fixed income securities.
U.S. Treasuries are debt obligations issued and backed by the full faith and credit of the United States government. That backing carries weight due to the federal government’s taxing power and the relative size and strength of the U.S. economy. U.S. Treasury securities can provide dependable, steady cash flow and preserve invested principal, if held to maturity.
Purchase
The Fund (SLVX) is available through various channels including via phone (855) 563-6900, broker-dealers, investment advisers, and other financial services firms, including:
This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.