29 June 2021

Iconic CMBI10 Short-TermMomentum Index Fund

ISIN Share Class A: MT7000030730   |   ISIN Share Class B: MT7000030748

Fund Launch Date: 6 July 2021

Estimated Index YTD Performance: 43.0%

Target Net Assets Under Management: €10,000,000

Licensed and Approved by the Malta Financial Services Authority

Download Factsheet
Investment Objective

The Iconic CMBI10 Momentum Index Fund seeks to track the performance of the CMBI10 Short-Term Momentum Index, which includes the top 10 crypto assets by market capitalization and the US Dollar (USD). Additionally, the fund strives to optimize passive returns by depositing coins into staking and interest-bearing accounts with reputable counterparties.

Coin Metrics 10 Short-Term Momentum Index aim to reflect the performance of the momentum factor for the Parent Index, CMBI10 Index. Constituents for momentum indexes are selected based on eligibility criteria and their 10 year expected future market capitalization, as defined in the Index methodology. The weight of each crypto asset within the index is dynamic and based on the momentum scores of the asset during the momentum observation period. CMBI Momentum Indexes are not necessarily fully invested in crypto asset markets. Indexes can allocate up to 100% of assets to cash if there is no momentum in any constituent asset.

Investment Strategy

The fund employs a “passive management” investment strategy which tracks the performance of the CMBI10 Momentum Index, a benchmark for the performance of a momentum strategy in the crypto asset market. The fund attempts to replicate the target index by investing its capital in the crypto assets or fiat currencies that comprise the index using the same weighting. Additionally, the fund strives to optimize returns by depositing coins into staking and interest-bearing accounts with reputable counterparties, when available. The index does not support any form of “anonymous transaction” crypto assets or other potentially non-compliant assets. The index rebalances its holdings weekly and reconstitutes its portfolio monthly.

About Iconic Funds

The Iconic CMBI10 Short-Term Momentum Index Fund is a self-managed fund licensed by the Malta Financial Services Authority and managed by Iconic Funds Sicav, Plc. Iconic Funds GmbH is the investment advisor to the portfolio manager of the self-managed fund. Iconic Funds GmbH is the holding company of a series of wholly owned subsidiaries that manage and issue crypto asset index investment vehicles. Structured as a Joint Venture between Iconic Holding GmbH and Cryptology Asset Group Plc, Iconic Funds’ portfolio of crypto asset investment products, issued by its subsidiaries, offer investors passive and diversified exposure to one of the world’s fastest-growing asset classes. Collectively, Iconic Funds GmbH and its affiliates are branded as “Iconic Funds.”

About Coin Metrics

Coin Metrics is a provider of crypto financial intelligence providing network data, market data, index, and network risk solutions. Coin Metrics Bletchley Indexes (CMBI) are a comprehensive suite of single-asset, multi-asset and unique crypto asset benchmarks used by leading crypto and traditional financial institutions. CM also provides calculation agent services for institutions seeking to administer their own custom indexes. Learn more at https://coinmetrics.io/cm-indexes/

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.

Index Constituents and Weights as of June 29, 2021
Bitcoin (BTC) - 0%
Ethereum (ETH) - 0%
Binance Coin (BNB) - 0%
Cardano (ADA) - 0%
Polkadot (DOT) - 0%
Stellar (XLM) - 0%
Uniswap (UNI) - 0%
Litecoin (LTC) - 0%
Bitcoin Cash (BCH) - 0%
Chainlink (LINK) - 0%
CMBI10 Performance vs. Bitcoin

The adjacent chart shows the estimated year-to-date net investment performance of the minimum subscription amount of €100,000 into the Fund, relative to an investment of the same amount into Bitcoin, since 9th January 2017.

CMBI 10 Momentum Index Returns CMBI10 Momentum Bitcoin
Cumulative Returns YTD 43.0% 21.2%
3M -25.5% -38.6%
LTD 16,990.6% 3,830.6%
Annualized Returns YTD 172.0% 84.8%
3M -102.1% -154.3%
LTD 67,962.4% 15,322.4%
CMBI10 Momentum Index Volatility CMBI10 Momentum Bitcoin
Annualized Volatility YTD 88.78% 100.25%
3M 82.87% 90.02%
LTD 65.54% 83.69%
Return / Risk Ratio YTD 1.28 0.89
3M -1.01 -1.74
LTD 2.15 1.40
Expense Ratio
Share Class A Share Class B
Management Fee 1.00% 1.00%
Performance Fee 5.00% 10.00%
Service Providers

DISCLAIMER

Iconic Funds Sicav, Plc. and its funds are licensed as a Professional Investor Fund available to Qualifying Investors by the Malta Financial Services Authority (MFSA) in terms of the Investment Services Act (Chapter 370, Laws of Malta). The Fund is not available for investment by the general public. Qualifying Investors are subject to a lower level of protection and regulatory oversight by the MFSA than retail clients.

This webpage is addressed exclusively to Qualifying Investors as defined under Maltese law and should only be read in conjunction with the offering memorandum of the Scheme, the offering supplement of the fund and any other accompanying documentation (Fund Documentation). The Fund Documentation may be available to prospective investors following their explicit request and the completion of any necessary steps. This webpage has not been reviewed or approved by the MFSA.

All figures presented are estimates as of the most recent month end date and not official indicators of fund performance. Official fund performance is only disclosed in the formal Net Asset Value Reporting packs provided to fund investors on a monthly basis by the fund administrator. The weight of crypto assets provided is as of the date of rebalance, which is the first business day of each week. As of June 29, 2021, the USD position is 100.00% of the index. The performance data shown represents estimated past performance from January 9, 2017 to June 29, 2021, which is not a guarantee of future results. Past performance is not intended to predict or depict the future performance of the fund. Investment returns and principal value will fluctuate. Current and ongoing performance may be lower or higher than the estimated performance data cited, and actual returns may differ materially from hypothetical returns. Investment in the fund is speculative that involves a high degree of risk and uncertainty. Investment returns may be affected by changes in currency exchange rate movements. Index performance does not include the fees and expenses that are charged by the fund. The fund maintains two share classes, the Share Class A and Share Class B. The Share Class A has 50% reduced performance fee.

This webpage 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 Qualifying Investors by Iconic Funds Sicav, Plc., a self-managed professional investor fund licensed by the Malta Financial Services Authority. Collectively, the entities are jointly branded as the “Iconic Funds”.

The information herein may not be copied, given (in whole or in part) or otherwise distributed to any other third party without the written permission of the Company. In particular, this webpage does not constitute an offer of securities in the fund. Any information or performance indicated in this webpage is only indicative, and thus past performance is no guarantee of future results. This webpage 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. The contents of this webpage should not be construed as legal, tax, investment or any other advice.  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 is being made in terms of this webpage. We expressly exclude any and all liability relating to the matters set out herein.

Prospective investors should carefully consider the risk factors, investment strategy, fees, expenses and information associated with the fund. Prior to making any investment in the fund, prospective investors are advised to thoroughly review the fund’s Offering Documentation together with their financial, legal, regulatory, tax and other advisors to determine whether an investment is suitable for them. An investment in the fund is not suitable for all investors. Investors may lose some or all of their investment in the Fund. Detailed information regarding this fund can be obtained by request from the Company.

Iconic Funds Sicav, Plc. (company registration number SV 521) of Orange Point Building, Second Floor, Dun Karm Street, Birkirkara By-Pass, Birkirkara BKR 9037, Malta.