UBS ETRACS Silver Shares Covered Call ETN (SLVO) ETF Holdings & Analysis

What SLVO does

SLVO is neither the choice for those looking for exposure to physical silver nor does it provide pure exposure to silver futures. SLVO is structured as an ETN so it promises to track silver (and options on silver), not to hold it. Furthermore, its index has a notional short call position against the notional long position in the physically backed silver ETF, SLV. The calls are set to about 106% of the SLV`s price level. The covered call strategy gives investors indirect exposure to silver, but with limited upside as the nominal long position will get called away in periods of sharply rising prices or in volatile market environments. The tradeoff is yield as premiums from writing calls on an otherwise yield-less asset. SLVO aims to distribute the yield monthly, atypical for an ETN. Prior to May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.

Fund profile

PortView Portfolio Insights

PortView analyzes how SLVO fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does SLVO track?

SLVO is the UBS ETRACS Silver Shares Covered Call ETN, a Other ETF.

What is the expense ratio of SLVO?

Expense ratio data for SLVO is shown on the page when available from our data provider.

What are the largest holdings in SLVO?

SLVO's top holdings are listed on this page when available.

How can PortView analyze SLVO overlap with other ETFs?

PortView computes the holdings overlap between SLVO and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.