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.
BMG BullionFund owns the bullion outright, with no dependency on third parties and no possibility of third-party claims.
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.
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.
Investment Portfolio
Net Assets as at December 31, 2014
No securities commission, stock exchange or similar governmental or regulatory body outside of Canada has reviewed, passed on or made any determination as to the merits of an investment in units of BMG Funds.
Class G Units of BMG Funds, denominated in US dollars, are available to investors resident in a jurisdiction outside of Canada and the United States of America (the "International Jurisdiction") only on the basis of reliance upon the exemptions under or the non-applicability of the securities laws of the International Jurisdiction. It is the responsibility of international investors to be knowledgeable of, or to be independently advised as to, the applicable securities laws of the International Jurisdiction which apply to them, if any. Each investor will be required to execute a Subscription Agreement providing for, among other things, the investor's warranties that:
If you are an International Investor that is exempt from securities laws of your jurisdiction or securities laws are not applicable, please contact the Manager International Investor Relations, at intlsales@bmgbullion.com.
Investors purchase BMG BullionFund units through their broker, mutual fund dealer or bank.
Financial advisor orders are processed through FundSERV for units of BMG BullionFund.
