SLVI

Silver ETPs are funds that track the price of silver by directly holding physical silver as their underlying asset. Silver ETPs seek to provide the performance of the price of silver before the payment of fees and expenses. The price of a Silver ETP fluctuates with the price of silver. Under normal circumstances, the fund will invest at least 80% of its net assets in Silver ETPs and/or options on the Silver ETPs. It is non-diversified.