$ SLVY
£ SLVI
€ YSLV
€ SLVY

Silver+ Yield ETP

Distribution Yield: 11.32%

*As of 29.04.2026 Past performance is not indicative of future results.

Buy SLVY

Investment Case

Key Information

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

Why Silver+ Yield 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 29 Apr 2026

Distributions Per Share, $

Declaration Date	Ex-Date	Record Date	Payment Date	Distribution Per Share
30 Apr 2026	05 May 2026	06 May 2026	12 May 2026	$0.6418
31 Mar 2026	01 Apr 2026	02 Apr 2026	10 Apr 2026	$0.6312
27 Feb 2026	02 Mar 2026	03 Mar 2026	11 Mar 2026	$0.7937

Select period:

Your total return till today, given you'd invested $10,000.00 on 23 April 2026

Starting Amount: $10,000.00
Price Gain: -$413.78
Price Growth (CAGR): N/A
Distributions: $90.45
Total Gain: -$323.32
End Balance: $9,676.68
Total Return: -3.23%
Total Return (CAGR): N/A

Your total return till today, given you'd invested $10,000.00 on 23 February 2026

Starting Amount: $10,000.00
Price Gain: -$913.05
Price Growth (CAGR): N/A
Distributions: $276.10
Total Gain: -$636.95
End Balance: $9,363.05
Total Return: -6.37%
Total Return (CAGR): N/A

Your total return till today, given you'd invested $10,000.00 on 23 November 2025

Starting Amount: $10,000.00
Price Gain: $3,769.53
Price Growth (CAGR): N/A
Distributions: $869.63
Total Gain: $4,639.16
End Balance: $14,639.16
Total Return: 46.39%
Total Return (CAGR): N/A

Your total return till today, given you'd invested $10,000.00 on 01 January 2026

Starting Amount: $10,000.00
Price Gain: $280.45
Price Growth (CAGR): N/A
Distributions: $570.81
Total Gain: $851.27
End Balance: $10,851.27
Total Return: 8.51%
Total Return (CAGR): N/A

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

Starting Amount: $10,000.00
Price Gain: $7,004.72
Price Growth (CAGR): N/A
Distributions: $1,621.08
Total Gain: $8,625.80
End Balance: $18,625.80
Total Return: 86.26%
Total Return (CAGR): N/A

Distribution Calendar

Declaration Date	Ex-Date	Record Date	Payment Date	Distribution Per Share
30 Jan 2026	02 Feb 2026	03 Feb 2026	11 Feb 2026	$1.0284
27 Feb 2026	02 Mar 2026	03 Mar 2026	11 Mar 2026	$0.7937
31 Mar 2026	01 Apr 2026	02 Apr 2026	10 Apr 2026	$0.6312
30 Apr 2026	05 May 2026	06 May 2026	12 May 2026	$0.6418
29 May 2026	01 Jun 2026	02 Jun 2026	10 Jun 2026	N/A
30 Jun 2026	01 Jul 2026	02 Jul 2026	10 Jul 2026	N/A
31 Jul 2026	03 Aug 2026	04 Aug 2026	12 Aug 2026	N/A
28 Aug 2026	01 Sep 2026	02 Sep 2026	09 Sep 2026	N/A
30 Sep 2026	01 Oct 2026	02 Oct 2026	12 Oct 2026	N/A
30 Oct 2026	02 Nov 2026	03 Nov 2026	11 Nov 2026	N/A
30 Nov 2026	01 Dec 2026	02 Dec 2026	10 Dec 2026	N/A
31 Dec 2026	04 Jan 2027	05 Jan 2027	12 Jan 2027	N/A

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	$0.5191
31 Dec 2025	02 Jan 2026	05 Jan 2026	13 Jan 2026	$0.6816

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 21 May 2026

Full Holdings List (CSV)

Name	Ticker	Weight, %	SEDOL	Market Price	Currency	Shares Held	Market Value
ISHARES SILVER TRUST	SLV	96.77%	B13YTD1	69.45	USD	166,563	11,567,800
Cash	Cash_USD_56	3.47%	Cash	1	USD	414,559	414,559
SLV May29'26 78.5 Call	SLV 260529C00078500	-0.01%	N/A	0.2182	USD	-77	-1,680
SLV May29'26 81.0 Call	SLV 260529C00081000	-0.09%	N/A	0.125	USD	-832	-10,400
SLV May29'26 79.0 Call	SLV 260529C00079000	-0.13%	N/A	0.1918	USD	-832	-15,958

Net Asset Value

NAV (as of 21 May 2026): $68.02
Daily Change (of NAV): $0.65
Daily Return (based on % NAV change): 0.96%
Shares Outstanding: 175,750
AUM: $11,954,321

Structure

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

Tax & Legal

UCITS Eligible: Yes
UK Fund Reporting Status: Yes (effective 01.01.2026)
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.