# iShares Silver Trust (SLV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/slv for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: IShares · Asset class: Commodities - Strategy: Thematic · Inception: 2006-04-21 The iShares Silver Trust is designed to broadly replicate the market price movements of silver. This Trust operates outside the regulatory framework of the 1940 Investment Company Act, meaning it is not subject to the same stringent rules that govern registered mutual funds or ETFs. Furthermore, it does not qualify as a commodity pool under the Commodity Exchange Act. Prospective investors are urged to thoroughly review the prospectus, including its risk factors and all other pertinent information, before finalizing any investment decision. ## Key Facts | Metric | Value | |---|---| | Price | $48.73 | | Expense Ratio | 0.50% | | Assets Under Management | $26.85B | | NAV | $48.66 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $41.70 – $109.83 | | Beta | 1.26 | ## Frequently Asked Questions ### What does SLV invest in? The iShares Silver Trust is designed to broadly replicate the market price movements of silver. This Trust operates outside the regulatory framework of the 1940 Investment Company Act, meaning it is not subject to the same stringent rules that govern registered mutual funds or ETFs. Furthermore, it does not qualify as a commodity pool under the Commodity Exchange Act. Prospective investors are urged to thoroughly review the prospectus, including its risk factors and all other pertinent information, before finalizing any investment decision. ### What is the expense ratio of SLV? iShares Silver Trust (SLV) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SLV? iShares Silver Trust (SLV) manages $26.85B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SLV actively managed or an index fund? SLV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SLV launched? iShares Silver Trust (SLV) launched in April 2006 and is managed by IShares. ### How has SLV performed? SLV's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SLV pay a dividend? iShares Silver Trust (SLV) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SLV pay dividends? iShares Silver Trust pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SLV's dividend yield? SLV's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is SLV's next ex-dividend date? SLV hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will SLV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SLV charge its expense ratio? The expense ratio is deducted in tiny daily slices from SLV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SLV cost more than a fund like VOO? SLV's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SLV sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SLV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SLV (0.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/slv - Distribution history: https://www.dividenddata.com/funds/slv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/slv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/slv/expenses - Peer comparison: https://www.dividenddata.com/funds/slv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.