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BCDF

Horizon Kinetics Blockchain Development ETF·ARCA
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Key Stats

Assets Under Management
19.00MUSD
Fund Flows (1Y)
4.49MUSD
Dividend Yield
1.48%
Discount/Premium to NAV
0.50%
Shares Outstanding
625.00K
Expense Ratio
0.85%

About Horizon Kinetics Blockchain Development ETF

Issuer
Horizon Kinetics
Brand
Horizon Kinetics
Inception Date
Aug 1, 2022
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Horizon Kinetics Asset Management LLC
Distributor
Foreside Fund Services LLC
BCDF actively invests in 20-50 blockchain development companies of any market-cap from around the world. The fund not only invests in blockchain stocks but in the ecosystem supporting blockchain or digital assets. Blockchain development companies are perceived to benefit from the facilitation, custody, trading, and administration of digital assets, including cryptocurrencies. It may include financial or other exchanges, custodial banks, asset managers, blockchain-related software companies, payment processors, mining companies, etc. Employing a value-driven, bottom-up approach, the adviser's research and analysis leverages insights from diverse sources, including internal research, to develop and refine its investment themes. BCDF aims to identify and take advantage of trends believed to benefit individual companies or broader sub-industries. The portfolio managers have full discretion to make buy, sell, and hold decisions at any time.

Classification

Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Blockchain
Strategy
Active
Geography
Developed Markets
Weighting Scheme
Proprietary
Selection Criteria
Proprietary

Analysis

Sector

Financial Services

79.82%

Technology

11.49%

Utilities

3.89%

Energy

2.84%

Communication Services

1.48%

Industrials

0.46%

Real Estate

0.02%

Asset

Holdings

Symbol

Ratio

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Urbana Corp

7.78%
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US BANK MMDA - USBGFS 7 06/01/2031

7.74%
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CBOE

Cboe Global Markets
6.78%
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NDAQ

Nasdaq
6.01%
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TMX Group Ltd

5.91%
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Singapore Exchange Ltd

5.67%

Symbol

Ratio

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ICE

Intercontinental Exchange
5.29%
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CACI

CACI International
4.98%
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Deutsche Boerse AG

4.54%
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MIAX

Miami International
4.21%

Top 10 Weight 58.91%

10 Total Holdings

See all holdings

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