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BMG Silver BullionFund Class A

Commodity

NAVPS
(04-17-2024)
$11.49
Change
$0.07 (0.59%)

As at March 31, 2024

Period
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Legend

BMG Silver BullionFund Class A

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Fund Returns

Inception Return (September 28, 2016): -0.34%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 9.07% 4.67% 4.41% 4.67% -1.59% -0.23% -0.46% 9.51% 6.48% 4.05% 0.97% - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 9.41% 14.80% 14.80% 6.40% 6.78% 4.11% 6.54% 9.53% 9.90% 7.88% 6.23% 6.17% 5.52% 4.21%
Category Rank 22 / 62 42 / 62 60 / 62 42 / 62 61 / 62 58 / 62 57 / 60 18 / 55 52 / 54 50 / 51 46 / 46 - - -
Quartile Ranking 2 3 4 3 4 4 4 2 4 4 4 - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 3.77% -6.98% -6.15% 7.45% 3.24% -6.21% 2.90% 5.00% -7.67% -1.92% -2.16% 9.07%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

31.90% (July 2020)

Worst Monthly Return Since Inception

-14.60% (September 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - -6.78% -3.52% 6.89% 37.76% -16.01% 6.51% -6.11%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average -3.70% -6.31% 11.08% 2.59% -2.08% 16.32% 28.34% -6.50% 3.28% 5.58%
Quartile Ranking - - - 4 4 4 2 4 2 4
Category Rank - - - 45/ 46 40/ 48 51/ 54 21/ 54 58/ 58 22/ 60 61/ 62

Best Calendar Return (Last 10 years)

37.76% (2020)

Worst Calendar Return (Last 10 years)

-16.01% (2021)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMG Silver BullionFund Class A

Median

Other - Commodity

3 Yr Annualized

Standard Deviation 23.13% 29.34% -
Beta 0.35% 0.50% -
Alpha -0.01% 0.05% -
Rsquared 0.04% 0.07% -
Sharpe -0.02% 0.29% -
Sortino -0.06% 0.43% -
Treynor -0.01% 0.17% -
Tax Efficiency - 100.00% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 20.58% 23.13% 29.34% -
Beta 0.60% 0.35% 0.50% -
Alpha -0.08% -0.01% 0.05% -
Rsquared 0.14% 0.04% 0.07% -
Sharpe -0.21% -0.02% 0.29% -
Sortino -0.18% -0.06% 0.43% -
Treynor -0.07% -0.01% 0.17% -
Tax Efficiency - - 100.00% -

Fund Details

Start Date September 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $22

Fund Codes

FundServ Code Load Code Sales Status
BMG400
BMG404

Investment Objectives

The BMG Silver BullionFund invests only in unencumbered, physical silver bullion The BMG Silver BullionFund stores the physical bullion with Brink’s Canada Limited, as sub-custodian of the Royal Canadian Mint, which is in turn sub-custodian of the custodian of the BMG Funds, RBC Investor Services Trust.

Investment Strategy

The BMG Silver BullionFund will invest almost all of its assets in silver bullion regardless of market conditions, with the remainder of its assets held in cash (as discussed below). The BMG Silver BullionFund will not base its investment decisions on short-term changes in the prices of silver bullion. The Silver Fund has obtained exemptive relief to invest in silver bullion. BMS is not registered as a portfolio manager and for this reason.

Portfolio Manager(s)

Name Start Date
Bullion Management Services Inc. 09-26-2016

Management and Organization

Fund Manager BMG Management Services Inc.
Advisor Bullion Management Services Inc.
Custodian Bank of Montreal
Registrar Bullion Management Services Inc.
Distributor -
Auditor RSM Canada LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 3.12%
Management Fee 2.25%
Load Choice of Front or Back
FE Max 5.00%
DSC Max 3.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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