Please sign up to receive the fund documentation for investing in Merx Capital
When and how is the net asset value (NAV) determined?
The NAV is the actual value of the fund, which will be determined weekly on each Wednesday at 13:00 UTC. The NAV is determined by the administrator based on the rates provided by Coin Market Cap. The incurred costs as described in chapter 9 of the prospectus will be taken into consideration for the determination of the NAV.
Can I enter or exit the fund at any moment of my choosing?
The fund will in principle issue and redeem units every Wednesday at 13:00 UTC, at the request of (prospective) participants, unless the NAV calculation is suspended or the prospectus provides otherwise. Requests for the issue and redemption of units need to be received by the administrator at least one calendar week prior to the intended transaction day. Only requests received before Wednesday 13:00 UTC will be executed the following Wednesday, based on the established NAV on that day at 13:00 UTC.
What is the minimum subscription amount?
The minimum subscription amount is € 100,000. The minimum of subsequent subscription amounts is € 5,000. The total invested amount per participant may never be less than € 100,000 (excluding decrease in value).
What is the minimum redemption amount?
The minimum amount for which units may be redeemed is € 5,000. Fractions of units may be redeemed up to four (4) decimals. Any redemption may not cause the remaining invested amount to be less than € 100,000, as the total invested amount per participant may never be less than € 100,000 (excluding decrease in value due to market price decrease).
What taxes do I need to pay over my participation?
As a result of tax transparency, the fund is not subject to Dutch corporate income tax. All of the fund’s income and capital gains are therefore attributed to the participants as if they were investing directly in the underlying fund assets. A Dutch natural person holding units in the fund is generally subject to Dutch personal income tax in ‘Box 3’, provided that the units are held as a private investment and are not part of a personal enterprise subject to Dutch personal income tax in ‘Box 1’, i.e. a sole proprietorship. Dutch legal entities participating in the Fund, such as a limited liability company, are taxed in The Netherlands for all income and capital gains obtained from the participation.
Where can I see the current status of my investment?
At least once a week we publish the gross yield on this website. Furthermore, participants have access to their private and secure environment on this website, where the following information will be available:
- Number of outstanding Units per Participation
- Net asset value and Unit Price per participation (updated weekly)
- Transaction overview
- Personal fiscal year report
- Fund’s annual report
Can I resell my participation?
No, units can only be sold back to the fund (upon redemption) and can therefore not be transferred to third parties.