Key stats
About ETRACS Silver Shares Covered Call ETNs due April 21, 2033
Home page
Inception date
Apr 16, 2013
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
Credit Suisse Securities (USA) LLC
SLVO is neither the choice for those looking for exposure to physical silver nor does it provide pure exposure to silver futures. SLVO is structured as an ETN so it promises to track silver (and options on silver), not to hold it. Furthermore, its index has a notional short call position against the notional long position in the physically backed silver ETF, SLV. The calls are set to about 106% of the SLV`s price level. The covered call strategy gives investors indirect exposure to silver, but with limited upside as the nominal long position will get called away in periods of sharply rising prices or in volatile market environments. The tradeoff is yield as premiums from writing calls on an otherwise yield-less asset. SLVO aims to distribute the yield monthly, atypical for an ETN. Prior to May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SLVO last dividends amounted to 2.16 USD. The month before, the issuer paid 2.08 USD in dividends, which shows a 3.33% increase.
SLVO assets under management is 192.76 M USD. It's risen 0.08% over the last month.
SLVO fund flows account for 78.57 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SLVO pays dividends to its holders with the dividend yield of 0.00%. The last dividend (May 27, 2025) amounted to 2.16 USD. The dividends are paid monthly.
SLVO shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Apr 16, 2013, and its management style is Passive.
SLVO expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
SLVO follows the Credit Suisse NASDAQ Silver FLOWS 106 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SLVO price has risen by 2.31% over the last month, and its yearly performance shows a −3.52% decrease. See more dynamics on SLVO price chart.
NAV returns, another gauge of an ETF dynamics, showed a 8.42% increase in three-month performance and has increased by 21.16% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 8.42% increase in three-month performance and has increased by 21.16% in a year.
SLVO trades at a premium (0.35%) meaning the ETF is trading at a higher price than the calculated NAV.