Key stats
About NINEPOINT WEB3 INNOVATORS FUND UNIT ETF (CAD)
Expense ratio
1.16%
Home page
Inception date
May 6, 2021
The fund seeks to increase its value by focusing on companies involved in the Web3 and blockchain technology sector. It invests up to 30% in Canadian Cryptocurrency ETFs for direct exposure to the crypto market. With a diverse range of companies of different sizes in its portfolio, the fund offers a global scope without geographic restrictions. The manager of the fund employs detailed analysis and evaluations, keeping track of market trends, to make informed investment choices and adjustments when needed. The fund operates without leverage and implements a 10% cap on investments in any single company to ensure diversification. In uncertain market situations, the fund can switch to holding cash or equivalents to maintain stability. The funds objective is to capture the growth potential of digital assets and Web3 technologies while effectively managing risks. Prior to May 31, 2023, the fund traded under the symbol BITC and the name Ninepoint Bitcoin ETF.
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
Technology Services
Commercial Services
Finance
ETF
Stocks69.14%
Technology Services22.67%
Commercial Services17.11%
Finance16.05%
Electronic Technology8.16%
Consumer Non-Durables5.14%
Bonds, Cash & Other30.86%
ETF28.09%
Mutual fund2.78%
Cash−0.02%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history