The minimal initial subscription amount must be at least 50,000 Euros. We have deliberately chosen to present ourselves as a so-called boutique fund. This implies that we focus not on the general retail investor, but rather aim at attracting the more affluent investors that are keen to invest part of their capital in natural resources. We have no plans to change this policy in the near future. We also do not foresee seeking a listing on a stock exchange, for the next few years. Without such a listing, daily trading in the participations of the fund is not possible.
Yes, participations can be withdrawn on a monthly basis, barring exceptional circumstances as mentioned in the Prospectus. You can exit the fund every month, on the last day of the month. However, a notice period of 10 working days is applicable. You can also withdraw a part of your participation, although the remaining sum must always amount to at least 25,000 Euros. You will receive your money roughly two weeks after the beginning of the new month (so if you exit per 1st January, you will receive it around 15th January). The fund will always purchase your participations at the NAV value as calculated by Bolder Funds Services (Netherlands) B.V. (formerly Circle Partners), after deduction of the redemption fee of 0.5%.
No, not directly. We sometimes have a position in an ETF that is covered by physical gold or silver.
Willem Middelkoop is one of the founders of the fund, and involved on a day-to-day basis as a fund manager. He is responsible for research and communications for the fund. Willem has invested a significant part of his capital in the fund. Willem has completely ceased his work as a financial journalist. He is, however, still an active presenter on economic topics and on investing in commodities.
The Commodity Discovery Fund is a commodity fund. Since its inception, the fund has been heavily overweight (75%) in exploration and precious metals companies. Today, the portfolio is much more balanced and focused on significant geopolitical, economic and sustainable developments. The share of exploration companies has been reduced and supplemented with companies that operate mines or are almost ready to do so. Furthermore, the portfolio has been expanded to include other essential commodities. For example, the allocation to base and battery metals, such as copper, nickel, zinc and lithium, has been greatly increased. Uranium exposure has also been expanded. Gold and silver holdings still make up about 50% of the portfolio. More information can be found on the Portfolio page.
This varies per case. We would recommend seeking advice from a tax counselor or the government tax service.
Each additional deposit is formally a new participation. However, you no longer need to fill out a new form. See the Additional deposit page for more information.
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