The PureFunds ISE Junior Silver ETF (SILJ) was created to bring silver exploration and mining exposure of small cap companies to institutional and retail investors alike. These companies are looking for the next big silver deposit and can benefit from the discovery of a new deposit, production of metal rich mines, or becoming a takeover target. SILJ is the first pure-play ETF to exclusively hold silver explorers and junior silver producers.

For over 4,000 years, silver has been used as a currency. Due to silver's many special elemental properties -highest electrical conductivity, highest thermal conductivity, and lowest contact resistance of all metals- silver has become an essential input into many products made and used today. As a result, above ground stockpiles of refined silver have been depleting. The resulting strong demand in recent years for silver as an alternative currency, an investment metal, and an industrial metal has increased the need to bring more metal into production. We believe the increased demand for silver should benefit the companies that discover new economic silver deposits or produce the sought after metal.

The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE Junior Silver (Small Cap Miners/Explorers) Index.

Fund Prices September 22, 2014

NAV   MARKET PRICE
Net Asset Value $10.44   Closing Price $10.30
Daily $ Change -$0.33   Daily $ Change -$0.69
Daily % Change -3.06%   Daily % Change -6.28%

Month End Performance August 31, 2014

  1 Month 3 Month 6 Month 1 Year QTD YTD Since Inception
Market Value % -2.88 30.13 -1.57 0.63 -2.16 40.73 -21.27
NAV % -2.59 29.56 -1.20 1.25 -2.38 40.34 -21.20

Quarter End Performance June 30, 2014

  1 Month 3 Month 6 Month 1 Year QTD YTD Since Inception
Market Value % 33.00 21.45 43.84 38.62 21.45 43.84 -22.19
NAV % 32.71 23.13 43.76 35.24 23.13 43.76 -22.01

Performance is annualized for periods greater than 1 year.

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 returns.

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 877-756-PURE.

Top Ten Holdings September 22, 2014

Name % Total Net Assets Ticker Shares Held Market Value USD
HOCHSCHILD MINING 13.34 HOC LN 390981 974572.93
MAG SILVER CORP COM 12.25 MAG CN 116745 895392.50
FORTUNA SILVER MINES INC COM 12.16 FVI CN 221835 888908.66
SILVER STANDARD RESOURCES 11.17 SSO CN 129181 816274.48
TREVALI MINING CORP 6.46 TV CN 441000 471764.65
MANDALAY RES CORP COM 5.31 MND CN 455000 387743.08
ENDEAVOUR SILVER CORP 4.97 EXK 82044 363454.92
SILVERCORP METAL INC COM 4.62 SVM CN 220435 337731.88
SILVERCREST MINES, INC. 4.52 SVL CV 212927 330089.45
GOLDEN MINERALS CO 4.29 AUMN 465009 313369.57

Download All Holdings (.csv)

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

 

The ISE Junior Silver (Small Cap Miners/Explorers) Index is designed to reflect the performance of small-capitalization companies involved in the silver industry, including companies that mine, explore and refine silver. The stocks are screened for liquidity and weighted according to modified free-float market capitalization. The Index generally is comprised of 20-30 securities. The Index was created and is maintained by ISE Indexes. An investment cannot be made directly in an index.