ETF Evaluator: Sprott Silver Mnrs & Physical Silver ETF () Follow This ETF

Sprott Silver Mnrs & Physical Silver ETF Overview

Sprott Silver Mnrs & Physical Silver ETF (SLVR) is a passively managed Sector Equity Equity Precious Metals exchange-traded fund (ETF). Sprott launched the ETF in 2025.

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.

About Sprott Silver Mnrs & Physical Silver ETF (SLVR)

There are 2 members of the management team with an average tenure of 1.54 years: Ryan Mischker (2025) and Charles Perkins (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Nasdaq Sprott Silver Miners TR USD index with a weighting of 100%. Sprott Silver Mnrs & Physical Silver ETF has 82 securities in its portfolio. The top 10 holdings constitute 73.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Sprott Silver Mnrs & Physical Silver ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Sprott Silver Mnrs & Physical Silver ETF has 78.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.9% There is 78.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Sprott Silver Mnrs & Physical Silver ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $609 million in total assets, which is below the $2 billion average for the Equity Precious Metals category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SLVR Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Sprott Silver Mnrs & Physical Silver ETF expense ratio is above average compared to funds in the Equity Precious Metals category. Sprott Silver Mnrs & Physical Silver ETF has an expense ratio of 0.65%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Sprott Silver Mnrs & Physical Silver ETF has a portfolio turnover rate of 49%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 55% for the Equity Precious Metals category.

Recently, in the month of July 2026, Sprott Silver Mnrs & Physical Silver ETF returned -4.9%, which earned it a grade of F, as the Equity Precious Metals category had an average return of -2.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Sprott Silver Mnrs & Physical Silver ETF has a trailing yield of 4.30%, which is above the 2.66% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Sprott Silver Mnrs & Physical Silver ETF Grades

Year to date, the ETF has returned -14.3%, 1.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 65.4% over the past year (grade of B).

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