{
 "ticker": "SLVX",
 "name": "Nicholas Silver Income ETF",
 "issuer": "Nicholas",
 "desk": "income",
 "url": "https://etfiq.com/funds/slvx",
 "html": "https://etfiq.com/funds/slvx",
 "markdown": "https://etfiq.com/funds/slvx.md",
 "as_of": "2026-09-18",
 "verdict": "Since its launch on Feb 18, 2026, SLVX paid 10.6% in cash and still finished 1.0 points behind SLV.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "10.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVX, cash paid, since launch, on its starting price: 10.6%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221215.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVX, total return, since launch: \u221215.5%, as of Sep 18, 2026."
  },
  {
   "key": "against_slv",
   "label": "Against SLV",
   "value": "\u22121.0 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVX, against SLV: \u22121.0 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "25.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SLVX, latest payout, annualized: 25.2%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "SLVX, net assets: $2m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.16%",
   "source": "485BPOS XBRL, Feb 4, 2026",
   "as_of": "2026-09-18",
   "sentence": "SLVX, expense ratio: 1.16% (485BPOS XBRL, Feb 4, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Silver (SLV) (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "25.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.16%",
   "source": "485BPOS XBRL, Feb 4, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "14.2%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 18, 2026",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.0755 ex Sep 14, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$0.8163",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "5.6%",
   "Price": "\u22121.8%",
   "Total return": "+4.4%",
   "SLV": "+0.7%",
   "Ahead or behind": "+3.7 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "11.8%",
   "Price": "\u22128.5%",
   "Total return": "+3.3%",
   "SLV": "\u22122.6%",
   "Ahead or behind": "+5.9 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "10.6%",
   "Price": "\u221225.9%",
   "Total return": "\u221215.5%",
   "SLV": "\u221214.5%",
   "Ahead or behind": "\u22121.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has SLVX paid over the last year?",
   "a": "Over the period from its launch on Feb 18, 2026 to Sep 18, 2026, SLVX paid 10.6% of its starting price in cash distributions, while the price fell 25.9%."
  },
  {
   "q": "Is SLVX ahead of SLV?",
   "a": "Over the period from its launch on Feb 18, 2026 to Sep 18, 2026, with every distribution reinvested, SLVX returned \u221215.5% against \u221214.5% for Silver (SLV), so a holder was behind it by 1.0 points."
  },
  {
   "q": "How often does SLVX pay, and how much?",
   "a": "SLVX pays weekly. The latest distribution annualizes to 25.2% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does SLVX next pay a distribution?",
   "a": "SLVX pays weekly. The last distribution went ex on Sep 14, 2026 at $0.0755 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 21, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day."
  },
  {
   "q": "What does SLVX cost?",
   "a": "The prospectus expense ratio is 1.16% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}