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FUND CLASS
- F USD
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As of June 5, 2023, values in USD
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As of June 5, 2023, values in USD
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BMG BullionFund – Class F USD
Class F | USD
BMG601
$10.13
per unit
Daily -0.5%
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BMG BullionFund provides investors with a convenient way of holding physical gold, silver and platinum in bullion form.
BMG BullionFund has a fixed investment mandate to purchase equal dollar amounts of each metal and to hold minimum of 95 percent of its assets in bullion. No derivatives, futures contracts, options or certificates are used, and BMG BullionFund does not rebalance its holdings or attempt to time the market.
As a result, BMG BullionFund’s assets are not dependent on anyone’s promise, representation or ability to perform. BMG BullionFund’s assets are not someone else’s liability.
Fund Objective
BMG BullionFund is an open-end mutual fund trust that purchases unencumbered gold, silver and platinum bullion and stores it on an allocated and insured basis. BMG BullionFund’s objective is to provide a secure, convenient, low-cost, method for investors to hold gold, silver and platinum bullion as part of their portfolio for capital preservation, capital appreciation, portfolio diversification and portfolio hedging purposes against the volatility of other investments.
Fund Strategy
No derivatives, futures contracts, options or certificates are used. The maximum cash component is five percent. The fund invests in a responsible manner and adheres to the “criteria for responsible investing.”
Risk Level:
This risk rating of the Fund is in accordance with a standard risk classification methodology based on how the fund’s returns have changed from year to year as a stand-alone investment.
See the Fund’s Simplified Prospectus, for more information about the risk rating and specific risks that can affect the fund’s returns.
The BMG BullionFund is not intended to be a stand-alone investment, and should not represent more than 20% of an investor’s overall total investment portfolio including any other bullion investments. Due to the fact that bullion typically has a low correlation to other financial assets, including it as part of a portfolio should generally reduce the portfolio’s volatility and may improve portfolio returns over the long term.
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Gold
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16,385
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Platinum
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13,780
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Silver
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1,124,683
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Date of Inception
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September 15, 2004
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Net Assets
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$72,697,824
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Assets – Class F
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$17,482,666
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MER
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2.18%
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NAV per unit
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$10.13
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Fund Code*
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BMG601
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CUSIP
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60039E207
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ISIN
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CA60039E2078
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*Available in Class A, F, G, E. Consult your advisor to determine which class is appropriate for you.
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Minimum Investment
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$1,000
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Management Fee
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1.25%
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Commission
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0%
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Subscription
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daily
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Redemption
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daily
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Fund Type
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open-end
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Auditor
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RSM Canada LLP
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Legal Counsel
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Bennett Jones LLP
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Trustee
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BMG Management Services Inc.
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Custodian
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RBC
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Administrator
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RBC Investor Services Trust
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BMG BullionFund – Class F | Compounded Annual Returns | Inception Date: September 15, 2004
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-0.5%
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0.5%
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0.3%
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9.1%
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5.7%
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5.9%
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-0.3%
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4.6%
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Key Reasons to Invest in this Fund
- Very attractive fundamentals: because of increasing world money supply, weakening currencies, and low to negative interest rates.
- Physical supply constraints in physical gold bullion, increased demand above supply, falling mine production.
- BMG BullionFund maintains all the attributes of pure bullion
- Highly liquid, no counterparty risk, trades at NAV and no manager dependency
- Protects against inflation, deflation, currency devaluation, diversifies portfolios and is a store of value
- Units can be redeemed in physical bullion (conditions apply)
Liquidity
Bullion is bought directly from or sold directly into the global bullion markets. Purchases or redemptions of any size can be accommodated without affecting Net Asset Value. As a result the Fund has the same liquidity as gold, silver and platinum bullion itself. In contrast, the liquidity of closed-end funds and ETFs are dependent on the number of shares that are traded.
No Counterparty Risk
BMG BullionFund owns the bullion outright, with no dependency on third parties and no possibility of third-party claims.
Independent of Portfolio Management Skills
BMG BullionFund has a fixed investment policy that cannot be varied without unitholder approval. Risk is avoided since the Fund does not hedge, market time, leverage or rebalance holdings. As a result, performance tracks the price of bullion and not the trading skills of a portfolio manager.
Tax Efficient
No sales tax or withholding tax is applicable on bullion in Canada. All tax consequences on redemptions flow through to the redeeming unitholder. The BMG BullionFund is approved for all Canadian registered plans, including RRSPs, RRIFs & TFSAs.
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Brochures
Real Wealth Protection During Uncertain Times
English
Uncompromised Bullion for Absolute Security
English
Performance Information
Additional Information
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Simplified Prospectus & Annual Information Form
BMG Funds Simplified Prospectus; September 14, 2015
English | French
BMG Funds Annual Information Form;September 14, 2015
English | French
Independent Review Committee Report
Independent Review Committee Report; March 2015
English | French
Independent Review Committee Report; March 2014
English | French
Independent Review Committee Report; March 2013
English | French
Management Report of Fund Performance (MRFPs)
BMG BullionFund Semi-Annual Management Report of Fund Performance: June 30,2015
English | French
BMG BullionFund Annual Management Report of Fund Performance: December 31, 2014
English | French
BMG BullionFund Semi-Annual Management Report of Fund Performance: June 30, 2014
English | French
BMG BullionFund Annual Management Report of Fund Performance: December 31, 2013
English | French
BMG BullionFund Semi-Annual Management Report of Fund Performance: June 30, 2013
English | French
Financial Reports
BMG BullionFund Semi-Annual Financial Statements: For the period ended June 30, 2015 (Unaudited)
English | French
BMG BullionFund Annual Financial Statements: For the period ended December 31, 2014
English | French
BMG BullionFund Semi-Annual Financial Statements: June 30, 2014 (Unaudited)
English | French
BMG BullionFund Annual Financial Statements: For the period ended December 31, 2013
English | French
BMG BullionFund Semi-Annual Financial Statements: June 30, 2013 (Unaudited)
English | French
FUND FACTS
A Fund Facts Document is a summary disclosure document required to be filed by all mutual funds in addition to other regulatory disclosure documents such as the Simplified Prospectus. The Fund Facts documents highlight key information about each available series of a fund, including the performance history, investments and the costs associated with investing in mutual funds.
BMG BullionFund Class F – CAD Dollars Fund Facts; September 14, 2015
English | French
Quarterly Summary of Investment Portfolio as of June 30, 2015
Investment Portfolio
| Gold Bullion |
96,087,821 |
47.40 |
| Silver Bullion |
70,057,194 |
34.56 |
| Platinum Bullion |
36,570,320 |
18.04 |
| Total |
202,715,335 |
100.00 |
The summary of investment portfolio may change due to ongoing portfolio transactions of the investment fund.
Net Assets as at June 30, 2015
| Investment Portfolio |
223,488,716 |
252,641,483 |
| Cash |
855,944 |
1,634,067 |
| Other Net Assets (Liabilities) |
(66,552) |
(518,491) |
| Total Net Assets |
203,504,727 |
253,757,059 |
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Canadian Investor Information
BMG BullionFund is available to Canadian residents, and is available in all ten Canadian provinces, Nunavut and the Territories. In certain circumstances, BMG BullionFund is available to residents of other countries. Non-Canadian residents should contact their Investment Advisor for further information.
If your financial advisor is not registered to sell BMG BullionFund, please have them contact Client Services toll-free at
1.866. 241.6484 with their dealer rep code.
The Investment Process
Investors:
Investors purchase BMG BullionFund units through their broker, mutual fund dealer or bank.
Financial Advisors:
Financial advisor orders are processed through FundSERV for units of BMG BullionFund.
RBC Investor Services Trust:
- BMG BullionFund’s Administrator
- Sub-custodian of BMG BullionFund’s cash
- Sole signing authority on BMG BullionFund’s bank account
- Calculates daily valuation of NAV and NAV per unit
- Responsible for BMG BullionFund’s banking, recordkeeping
- Processes all purchases and redemptions
- Pays authorized BMG BullionFund expenses
BMG Management Services Inc.:
- BMG BullionFund’s Manager and Trustee
- Purchases bullion on behalf of BMG BullionFund
- Monitors Administrator and Custodian
- Approves BMG BullionFund expenses
- Assures compliance with securities regulations
- Ensures filing and reporting completed as required
The Bank of Nova Scotia:
- BMG BullionFund’s Custodian
- Takes delivery of the bullion
- Holds physical custody of BMG BullionFund’s bullion in its Toronto vault
- Bullion is held on an allocated and insured basis. In addition serial numbers and bar sizes are recorded
BDO Canada LLP:
- BDO Canada LLP is the auditor of BMG BullionFund
- Audits and verifies BMG BullionFund’s holdings annually
Redemptions:
- Investors may redeem units daily
- BMG BullionFund units will be redeemed at that day’s Net Asset Value
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