Key stats
About PURPOSE SILVER BULLION FUND USD ETF NON CURRNCY HED UNI
Expense ratio
0.67%
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Inception date
Jun 8, 2009
ISIN
CA74641C2022
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
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.10%
Cash−0.10%