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Purpose Investments
A physical silver fund, hedged to Canadian dollars, for 0.4% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Spot commodity exposure. Returns are tied mainly to the underlying commodity rather than to a diversified set of operating companies.
Source: fund provider disclosure.
The management fee was 0.4% a year, or about $40 for every $10,000 held. Storage and custody costs for holding the physical commodity are reflected in this fee. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $58M· net assets |
| Listed | 2016· 10 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | SBT.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Commodities |
| Structure | Physical commodity |
| Theme | Silver |
| Provider | Purpose Investments |
| Mgmt fee | 0.40% |
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Prices as of last close.
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