The Monochrome Bitcoin Fund (MBF)

Fund Summary

A wholesale fund for Institutional, Family Office, sophisticated Investors and SMSF's, the Monochrome Bitcoin Fund provides a familiar, regulated and secure product for investors that tracks the price of Bitcoin.

$0.57

-37.31%

-55.71%

-58.63%

1.5% P.A.


Unit Price

1 month

3 months 3

6 months 4

Management Fee

As of June 2022


01  Fund Objective

Monochrome Bitcoin Fund (‘MBF’) is a capital growth fund that offers a regulated and familiar investment vehicle designed to track the price of bitcoin.

Platforms

Ratings

The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.

02  Fund Overview

The Monochrome Bitcoin Fund (“MBF”) is a capital growth fund for wholesale investors seeking a familiar investment vehicle that tracks the price of bitcoin.

MBF provides wholesale investors access to bitcoin exposure via a secure, regulated, and familiar investment vehicle; a unit trust.

03  Investment Strategy

The Fund will target a near 100% allocation to Bitcoin and securely store the asset with its custodian - US-chartered trust company, BitGo Trust. For risk management purposes MBF has adopted a strictly passive ‘buy and hold’ strategy and will not engage in derivatives, leverage, or short selling.

The units in MBF will appeal to investors within investor directed portfolio services (IDPS), managers of fund of fund mandates, and self-directed wholesale investors with self-managed super funds.

MBF as an investment solution, allows investors to enjoy Bitcoin ownership alongside traditional asset investments, without the need to engage with new technology and subsequent administrative burdens.

04  Volatility Chart

Volatility Chart

05  Correlation Chart

Correlation Chart

06  Traditional 60/40 Fund + BTC Allocation

Hypothetical Portfolio Chart

07  Price of Bitcoin ($AUD) v.s. MBF Units

MBF Unit Price Chart

08  Key Information Summary

Objective


To offer an investment vehicle that tracks the price of bitcoin.

Management Fee


1.5% per annum.

Performance Fee


Not applicable.

Min. Investment


$25,000 (AUD)

Additional Contributions


$5,000 (AUD) increments

Applications


Applications are to be received by the 25th of each month.

Redemption


Redemptions received by the 25th of each month are payable by the 15th of the following month.

APIR


NCCX941AU

09  Service Providers

Investment Manager


Monochrome Asset Management

Trustee


Non Correlated Capital

Benchmarking


CF Benchmarks

Fund Accountant


KPMG

Administrator


A4 Funds

Auditor


RSM Australia

Legal


Piper Alderman

Custody


Bitgo Trust

Download the
Fund Summary Sheet

To learn more about the Monochrome Bitcoin Fund and access the summary sheet, please complete the form.

Ready to invest? Start your application here.

*Required