Wave Financial
Select 5 Index
Summary
The Wave Select 5 Crypto Fund has strict inclusion criteria that ensures exposure to only quality cryptocurrencies as determined by the Wave Select 5 Index Investment Committee.
The Wave Select 5 Index Investment Committee meets two days before the rebalancing date and makes decisions on which assets will be included/excluded from the next iteration of the index fund.
Criteria for including
index constituents
Market Capitalization Weighted
Cryptocurrencies are ranked by market capitalization on the last business day of every month. The top 5 cryptocurrencies are then weighted by market capitalization with no cap or floor and then included with their respective weights in the index.
Certain Coins Categorically Excluded
Security
Historical Performance
The Wave Select 5 Index currently covers ~67% of the total market capitalization.1
| Rank (1-5) | Weight2 |
|---|---|
 Bitcoin (BTC) |
60.92% |
 Ethereum (ETH) |
27.42% |
 Cardano (ADA) |
4.87% |
 Binance Coin (BNB) |
4.75% |
 Polkadot (DOT) |
2.03% |
1. Cryptocurrency selection for index fund 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 May 31, 2021
3. The Wave Select 5 Index returns represent a hypothetical performance assuming an initial $100,000 investment. Data is current as of May 31, 2021.
Competitive Advantage
Wave Select 5 Crypto Fund is a crypto asset index fund providing beta (market exposure)
Key Offering Details
Offering Schedule & Liquidity
| Fund | Wave Select 5 Crypto Fund (BVI master entity with US and BVI feeder) |
| Benchmark Index | Wave Select 5 Index |
| Investment Manager | Wave Financial LLC |
| Fees | 1% p.a. management fee, no performance fee |
| Subscription | Twice a month |
| Redemption | Monthly at the month end NAV |
| Deadline | 5 business days before subscription and redemption dates |
| Min Investment | CONTACT US FOR MORE INFORMATION |
Service Providers
FAQs
You may visit our website at www.wavegp.com 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 67% of total crypto currency market capitalization, at end of May 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 Zodia and Copper.
We accept USD.
The Wave Select 5 Index level will be available on our homepage at www.wavegp.com The fund administrator will provide a monthly NAV report on the value of the investment.
Wave Financial does not offer tax advice, and recommends that potential investors seek professional tax counsel.
Redemptions are available monthly.
Important Risks
Index Related
Performance of an index is not illustrative of any particular investment. The Wave Select 5 Index represents a hypothetical, back-tested, and unaudited return-stream that does not represent the returns of an actual account. Index performance does not include the fees and expenses. Actual returns may differ materially from hypothetical, back-tested returns. Back-testing is calculated by retroactively applying an index-weighted methodology to the historical data. Cryptocurrency selection for the index fund will be based on reasonably available data and is also subject to necessary judgement calls by management given data supply problems that currently exist in the cryptocurrency sector.
Portfolio Manager Discretion
Past Performance
Past performance is no guarantee of future results. The back-tested index performance is no guarantee of future results of the product, and is retroactively calculated based on historic values. Slippage, fees and market activities such as forks and splits may contribute to an over or under performance of the product relative to the benchmark index. The constituents of the index may not be mimicked completely by the product. Historical index based on January 2017 start date.
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