Key stats
About NINEPOINT PARTNERS LP CRYPTO AND AI LEADERS ETF
Home page
Inception date
May 6, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Capitalizes
Primary advisor
Ninepoint Partners LP
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
Finance
Technology Services
Commercial Services
Electronic Technology
ETF
Stocks70.16%
Finance28.69%
Technology Services18.17%
Commercial Services12.06%
Electronic Technology11.24%
Bonds, Cash & Other29.84%
ETF29.22%
Cash0.62%
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
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TKN invests in stocks. The fund's major sectors are Finance, with 28.69% stocks, and Technology Services, with 18.17% of the basket. The assets are mostly located in the North America region.
TKN top holdings are Galaxy Digital Inc. Class A and CI Galaxy Ethereum ETF, occupying 13.19% and 12.42% of the portfolio correspondingly.
TKN assets under management is 31.19 M CAD. It's risen 9.44% over the last month.
TKN fund flows account for −8.19 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, TKN doesn't pay dividends to its holders.
TKN shares are issued by Ninepoint Financial Group, Inc. under the brand Ninepoint. The ETF was launched on May 6, 2021, and its management style is Active.
TKN expense ratio is 1.16% meaning you'd have to pay 1.16% of your investment to help manage the fund.
TKN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TKN invests in stocks.
TKN price has risen by 11.83% over the last month, and its yearly performance shows a 38.54% increase. See more dynamics on TKN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 13.27% over the last month, showed a 50.13% increase in three-month performance and has increased by 37.04% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 13.27% over the last month, showed a 50.13% increase in three-month performance and has increased by 37.04% in a year.
TKN trades at a premium (0.52%) meaning the ETF is trading at a higher price than the calculated NAV.