Silver+ Yield Options ETP

Distribution Yield: 25.09%^*
*As of 21.11.2025. Past performance is not indicative of future results.

Buy SLVY

Income Guide

Key Information

Strategy: Covered Call
Reference Asset: SLV
Distributions: Monthly
Expense Ratio: 0.35%
Inception Date: 27 June 2025

Why Silver+ Yield Options ETP?

Maximum Income

Upside Exposure

Partial Downside Protection

The IncomeShares Silver + Yield ETP seeks to provide exposure to silver while generating monthly income by selling ‘out-of-the-money’ call options on the iShares Silver Trust (Nasdaq: SLV) and paying a return on the premiums collected. The ETP aims to retain upside exposure to the spot price of silver while harvesting compelling monthly yields.

Capital at risk. You may lose some or all of your investment.

Distribution Details

As of 21 Nov 2025

Declaration Date	Ex-Date	Record Date	Payment Date	Distribution Per Share
31 Oct 2025	03 Nov 2025	04 Nov 2025	12 Nov 2025	$1.0327
30 Sep 2025	01 Oct 2025	02 Oct 2025	10 Oct 2025	$0.3165
29 Aug 2025	01 Sep 2025	02 Sep 2025	10 Sep 2025	$0.4123

Your total return till today, given you'd invested $10,000.00 on 27 June 2025

Starting Amount: $10,000.00
Price Gain: $2,349.53
Price Growth (CAGR): N/A
Dividends: $547.13
Total Gain: $2,896.66
End Balance: $12,896.66
Total Return: 28.97%
Total Return (CAGR): N/A

Distribution Calendar

Declaration Date	Ex-Date	Record Date	Payment Date	Distribution Per Share
31 Jul 2025	01 Aug 2025	04 Aug 2025	12 Aug 2025	$0.427
29 Aug 2025	01 Sep 2025	02 Sep 2025	10 Sep 2025	$0.4123
30 Sep 2025	01 Oct 2025	02 Oct 2025	10 Oct 2025	$0.3165
31 Oct 2025	03 Nov 2025	04 Nov 2025	12 Nov 2025	$1.0327
28 Nov 2025	01 Dec 2025	02 Dec 2025	10 Dec 2025	N/A
31 Dec 2025	02 Jan 2026	05 Jan 2026	13 Jan 2026	N/A

Listings & Tickers

Country	Exchange	Base Currency	Trading Currency	Exchange Code	ISIN	SEDOL	BBG Ticker	RIC	WKN	Listing Date
UK	London Stock Exchange	USD	USD	SLVY	XS3068774614	BP7M092	SLVY LN	SLVY.L	N/A	27 Jun 2025
UK	London Stock Exchange	USD	GBP	SLVI	XS3068774614	BP6WQS4	SLVI LN	SLVI.L	N/A	27 Jun 2025
DE	Deutsche Börse Xetra	USD	EUR	YSLV	XS3068774614	BP7M0B4	YSLV GY	YSLV.DE	A4AN02	15 Jul 2025
NL	Euronext Amsterdam	USD	EUR	SLVY	XS3068774614	BR4ZXQ6	SLVY NA	SLVY.AS	N/A	15 Oct 2025

Holdings

As of 20 Nov 2025

Full Holdings List (CSV)

Name	Ticker	Weight, %	SEDOL	Market Price	Currency	Shares Held	Market Value
ISHARES SILVER TRUST	SLV	99.15%	B13YTD1	45.78	USD	106,983	4,897,680
Cash	Cash_USD_56	1.06%	Cash	1	USD	52,358	52,358
SLV Nov28'25 51.5 Call	SLV 251128C00051500	-0.06%	N/A	0.0551	USD	-538	-2,964
SLV Nov28'25 49.5 Call	SLV 251128C00049500	-0.15%	N/A	0.135	USD	-538	-7,263

Net Asset Value

NAV (as of '20 Nov 2025'): $49.40
Daily Change (of NAV): -0.65
Daily Return (based on % NAV change): -1.29%
Shares Outstanding: 100,000

Structure

Structure: ETP
Domicile: Ireland
Replication Method: Physical
Use of Income: Distributing
Underlying Asset: iShares Silver Trust

Tax & Legal

UCITS Eligible: Yes
UK Fund Reporting Status: Pending
SIPP: Yes
ISA: Yes
US IRS Sec 871(m): Not applicable

Key Services Providers

Issuer: Leverage Shares PLC
Arranger: Leverage Shares Management Company Limited
Trustee: Apex Corporate Trustees (UK) Limited
Issuing and Paying Agent: U.S. Bank Europe DAC
Registrar: U.S. Bank Europe DAC
Custodian: Interactive Brokers LLC, Morgan Stanley & Co. LLC and/or Pershing LLC
Portfolio Administrators: Flexinvest Limited
Determination Agent: Calculation Agent Services LLC
Broker Dealer of Record: GWM Limited
Authorised Participants: BNP Paribas S.N.C., Virtu Financial Ireland Limited, Optiver V.O.F.