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About PURPOSE SILVER BULLION FUND ETF NON CURRENCY HEDGE UNIT
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Inception date
Jun 8, 2009
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Distributes
Capital Gains
Tax on distributions
No distributions
The fund provides investors pure exposure to silver by holding the physical metal, in 1,000 ounce international bar sizes, in trust. Each share represents a fractional interest in the trust. The silver bars are held in treasury vault facilities at a Canadian chartered bank, thus, providing a convenient and efficient way to invest in silver. It is important to note to determine the NAV of the Trust, the value of silver is based on an ounce price as set by London Bullion Market Association at approximately 12:00 noon London divided by the number of shares outstanding for the fund at the market close of trading each day. The fund will hold substantially all of its assets in silver bullion and minor amounts in silver certificates, if any.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous102.71%
Cash−2.71%
Top 10 holdings
Dividends
Dividend payout history