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UBS ETRACS Silver Shares Covered Call ETN (SLVO)

52.14 -3.34 (-6.02%)
At close: October 30 at 4:00:00 PM EDT
Trade SLVO on Coinbase

ETF Summary

The index measures the return of a “covered call” strategy on the shares of the iShares® Silver Trust (the “SLV Shares”) by reflecting changes in the price of the SLV Shares and the notional option premiums received from the notional sale of monthly call options on the SLV Shares less notional transaction costs incurred in connection with the covered call strategy.

ETF Overview

Category Commodities Focused
Fund Family UBS AG
Net Assets 401.18M
YTD Daily Total Return -14.69%
Yield 72.06%
Legal Type Exchange Traded Fund

ETF Operations

Attributes SLVO Category Average
Annual Report Expense Ratio (net)
0.65% 0.82%
Holdings Turnover
0.00% 48.93%
Total Net Assets
0.00 0.00

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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