Select 5 Index
JPY500 Select 5 Index is designed to represent the overall crypto currency market providing pure beta exposure. Portfolio of the top 5 cryptocurrencies is screened by our team of experts and weighted by market capitalization, with monthly rebalancing and no caps.
The Portfolio Manager has discretion to overweight or underweight the exposure to certain crypto currencies regardless of the benchmark index. This may result in over or under performance of the product relative to the benchmark index.
Criteria for including
The JPY500 Select 5 Index currently covers ~76% of the total market capitalization.1
*Provided for illustrative purposes; past performance is not an assurance of future returns.
** 60/40 portfolio containing 60% SPX and 40% US/10Y bonds.
|Binance Coin (BNB)||7.70%|
1. Cryptocurrency selection for index will be based on reasonably available data and subject to necessary judgement calls by management given data supply problems that currently exist in the sector.
2. Rank as of October 31st 2023
3. The JPY500 Select 5 Index returns represent a hypothetical performance assuming an initial $100,000 investment. Data is current as of October 31st 2023.
JPY500 Select 5 Crypto Fund is a crypto asset index fund providing beta (market exposure)
Key Offering Details
Offering Schedule & Liquidity
|Fund||JPY500 Select 5 Crypto Fund (BVI master entity with US and BVI feeder)|
|Benchmark Index||JPY500 Select 5 Index|
|Investment Manager||JPY500 LLC|
|Fees||1% p.a. management fee, no performance fee. See Prospectus for other costs|
|Subscription||Twice a month|
|Redemption||Monthly at the month end NAV|
|Redemption Deadline||5 business days before subscription and redemption dates|
|Min Investment||CONTACT US FOR MORE INFORMATION|
You may visit our website at jpy500 where you will be provided with an offering document and asked to provide qualifying information so that we can perform our initial onboarding including KYC/AML and verification of accredited status.
The index fund covers approximately ~76% of total crypto currency market capitalization, at end of October 2021. This coverage ratio will be subject to market movements of the constituents versus the market.
We mainly source large assets from crypto exchanges such as Binance and Coinbase.
The fund holds the crypto assets in a custody account with Copper.
We accept USD.
The fund administrator will provide a monthly NAV report on the value of the investment.
JPY500 does not offer tax advice, and recommends that potential investors seek professional tax counsel.
Redemptions are available monthly. Certain conditions apply