Key stats
About Purpose Silver Bullion Fund
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Inception date
May 10, 2016
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
ISIN
CA74641C1032
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%
Miscellaneous98.66%
Cash1.34%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SBT assets under management is 18.08 M CAD. It's risen 10.71% over the last month.
SBT fund flows account for 9.52 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SBT doesn't pay dividends to its holders.
SBT shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on May 10, 2016, and its management style is Passive.
SBT expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
SBT follows the LBMA Silver Price ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SBT invests in cash.
SBT price has risen by 10.20% over the last month, and its yearly performance shows a 42.68% increase. See more dynamics on SBT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.76% over the last month, showed a 17.67% increase in three-month performance and has increased by 33.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.76% over the last month, showed a 17.67% increase in three-month performance and has increased by 33.88% in a year.
SBT trades at a premium (1.85%) meaning the ETF is trading at a higher price than the calculated NAV.