ISIN ICON Share Class: MT7000026571 | ISIN Investor Share Class: MT7000026589
Fund Launch Date: 17 January 2020
The Iconic BITA20 XA Crypto Index Fund seeks to track the performance of the BITA20 XA Index, which includes the top 20 crypto assets by market capitalization, excluding anonymous and potentially noncompliant coins.
The fund employs a “passive management”- or indexing- investment strategy which tracks the performance of the BITA20 XA Index, a benchmark for the performance of the crypto asset market. The fund attempts to replicate the target index by investing all, or substantially all, of its capital in the crypto assets that comprise the index, holding each crypto asset in the same proportion as its weighting in the index.
The index does not support any form of “anonymous transaction” crypto assets or other potentially non-compliant assets. The index rebalances its holdings monthly and reconstitutes its portfolio quarterly. The index reflects nearly €190 billion of crypto assets, representing roughly 90% of the total market capitalization of all crypto assets.
Crypto Market Risk
The crypto markets are extremely volatile and subject to additional investment risks relative to traditional investments including, but not limited to inherent technological risks in the blockchain, severe and sudden volatility and market manipulation. Because the fund seeks to track the target index, the fund’s performance may over- or underperform the index or overall crypto asset market.
Licensed by the Maltese Financial Services Authority (MFSA).
The fund maintains a 1% EUR position when rebalanced monthly to remain liquid in fiat currency for operations. As of March 26, 2020, the EUR position is 1.08% of the index. The performance data shown represents past performance thru March 26, 2020, which is not a guarantee of future results. Investment returns and principal value will fluctuate. Current and ongoing performance may be lower or higher than the performance data cited.
The fund maintains two share classes, the ICON and Investor share classes. The ICON share class has 50% reduced management fees. Only holders of 100,000 or more ICNQ tokens may access the ICON Share Class.
This information is not intended for investors or any person in any jurisdiction where the distribution of this information or the use thereof in any way may be contrary to the local law or regulation. The information contained herein is proprietary to Iconic Funds GmbH and its subsidiaries (the Company) and showcases an investment vehicle made available to qualified investors by Iconic Funds Sicav, Plc, a self-managed fund licensed by the Malta Financial Services Authority. Collectively, the entities are jointly branded as “Iconic Funds”. The information herein may not be given (in whole or in part) or otherwise distributed to any other third party without the written permission of the Company directors. In particular, this information does not constitute an offer of securities for sale. Any information or performance indicated on this webpage is only indicative and thus past performance is no guarantee of future results. This information was prepared by the Company and its affiliates for information and discussion purposes only and shall not be construed as and shall not form part of an offer, nor invitation to offer nor a solicitation or recommendation to enter into any transaction, nor is it an official confirmation of terms. No subscription may be accepted on the basis of this webpage. No representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information may be provided. Detailed information regarding this fund can be obtained by request from the Company.
BITA is Germany-based Fintech firm that provides enterprise-grade technology and services to institutions operating in the systematic investment space. BITA’s real-time crypto asset price feeds power the Iconic BITA20 XA crypto asset index fund, rebalancing monthly and reconstituting quarterly. Learn more at bitadata.com.
Investment Products: Not Insured • No Bank Guarantee • May Lose Value