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 June 30, 2015

NAV   MARKET PRICE
Net Asset Value $7.25   Closing Price $7.23
Daily $ Change -$0.06   Daily $ Change -$0.12
Daily % Change -0.83%   Daily % Change -1.67%

Month End Performance May 31, 2015

  1 Month 3 Month 6 Month 1 Year QTD YTD Since Inception
Market Value % 0.74% -5.83% -9.56% -25.97% 5.36% -9.12% -32.49%
NAV % 1.51% -4.57% -7.13% -25.15% 7.69% -8.69% -32.04%

Quarter End Performance March 31, 2015

  1 Month 3 Month 6 Month 1 Year QTD YTD Since Inception
Market Value % -10.62% -13.75% -29.32% -35.84% -13.75% -13.75% -35.81%
NAV % -11.39% -15.22% -29.46% -35.52% -15.22% -15.22% -35.95%

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 June 30, 2015

Name % Total Net Assets Ticker Shares Held Market Value USD
HOCHSCHILD MINING 11.86 HOC LN 373182 558506.47
MAG SILVER CORP COM 11.83 MAG CN 71097 557277.53
FIRST MAJESTIC SILVER CORP 11.43 AG 111462 538361.46
FORTUNA SILVER MINES INC COM 11.21 FVI CN 145028 528324.58
MANDALAY RES CORP COM 8.60 MND CN 527371 405345.20
SIERRA METALS INC 5.11 SMT CN 196365 240543.19
SILVER STANDARD RESOURCES 4.75 SSO CN 35633 223954.40
ENDEAVOUR SILVER CORP 4.38 EXK 103727 206416.73
SABINA GOLD & SILVER CORP COM 4.38 SBB CN 585975 206428.34
BEAR CREEK MNG CORP COM 3.91 BCM CN 247208 184070.01

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.

 

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