iShares Silver Bullion ETF (CAD-Hedged)
SVR.TO
Toronto Stock Exchange- -
CAD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Som Seif
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 161 Bay Street, Suite 2500 Toronto ON Canada M5J 2S1
- IPO Date
- Oct 29, 2009
- Website
- blackrock.com
- Similar Companies
- Business
- iShares Silver Bullion ETF (SVR.TO) is an exchange-traded fund that seeks to replicate the performance of the price of silver bullion, less the fund's fees and expenses. Launched and managed by BlackRock Asset Management Canada Limited, with co-management by BlackRock Institutional Trust Company, N.A., the ETF holds unencumbered physical silver bullion in 1,000 troy ounce international bar sizes; its net asset value is determined using the LBMA PM Silver Price in U.S. dollars. The fund provides targeted exposure to silver prices on a Canadian dollar-hedged basis and is listed on the Toronto Stock Exchange; as of late 2025, it has net assets exceeding CAD 370 million and is domiciled in Canada, with headquarters operations aligned to BlackRock's Toronto office at 161 Bay Street. The ETF invests directly in allocated and segregated physical silver bullion stored primarily in vaults of The Royal Canadian Mint in Canada, with additional holdings potentially in the United States or United Kingdom; it offers investors efficient access to silver without the challenges of direct physical ownership, storage, or insurance. SVR.TO caters to institutional and retail investors seeking commodity exposure within registered plans such as RRSPs, RRIFs, TFSAs, and others; it features a management fee of 0.60% and a management expense ratio of 0.66%, with annual distributions that may include capital gains or return of capital as estimated for 2025. The fund operates passively to track silver spot prices, enabling trading like an equity security on the TSX. Formed on June 29, 2009, with initial trading on July 15, 2009, SVR.TO has delivered strong performance, including a 70.88% total return over the past year and cumulative growth from inception reflecting silver market dynamics. In a key operational change effective in 2021 following unitholder approvals, the fund transitioned custodianship: CIBC Mellon Trust Company was appointed as bullion custodian (with The Royal Canadian Mint or International Depository Services of Canada Inc. as sub-custodians for storage), and State Street Trust Company Canada as custodian for non-bullion assets, replacing The Bank of Nova Scotia. No major acquisitions, funding rounds, partnerships, or new product launches have been reported for SVR.TO in the last 1-2 years; ongoing updates include estimated 2025 capital gains distributions announced by BlackRock Canada in November 2025.