Nicholas Silver Income ETF (SLVX)

Nicholas Silver Income ETF (SLVX) is an actively managed fund sponsored by Nicholas, an ETF issuer focused on option income strategies. It seeks to provide exposure to the price of silver while generating current income through the use of options.

The fund obtains its silver exposure through silver-linked exchange-traded products or derivatives and sells options against that exposure to collect premiums that it distributes to shareholders. The option strategy limits part of the fund's participation in rising silver prices in exchange for that income.