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All in Exchange Funds

Recent
Guide
Grid of stock tiles with one gold group lifted out, illustrating stock-specific pricing

Why We're Introducing Stock-Specific Pricing

Learn how Cache’s stock-specific pricing reflects portfolio composition, tracking considerations, available capacity, and contribution demand.

Your basket at redemption: a diversified mix of stocks returned to you

Exchange Fund Holding Period: What Actually Happens During and After 7 Years

Exchange fund 7-year holding period, explained: what you can and can't do, what you get back at year 7, and why it's not the same as a lock-up.

Exchange funds vs. ETFs

Exchange Fund vs. ETF: Different Ways to Diversify

This article walks through how exchange funds and ETFs differ, where they overlap, and the nuances to keep in mind as you weigh them.

Employees' stocks pooled into a diversified fund with holdings like MSFT, AAPL, NVDA and AMZN

What SpaceX's Insider Trading Policy Gets Right About Employee Wealth

Employees often have most of their wealth tied to company stock. Here’s why exchange fund policies matter and what SpaceX’s approach reveals about modern equity compensation.

Cache exchange fund icon

Introducing Cobol: Cache's S&P 500 Growth Exchange Fund for Accredited Investors

Cache launched Cobol, a new Access Series exchange fund benchmarked to the S&P 500 Growth Index on August 31, 2026. Available to accredited investors with a $250K minimum.

David, Cache client, on finding a better path out of a concentrated position

David’s Story: Finding a Better Path Out of a Concentrated Position

Diversify concentrated stock positions with a modern exchange fund. See how David moved beyond Tesla equity and why he chose Cache for a flexible, low-fee path forward.

Grid of stock tiles with illustrated investor avatars and an AMZN card, representing an exchange fund
1
Introduction

What is an Exchange Fund?

Exchange funds take stocks from multiple investors and pool them into a single fund, giving each investor a stake in the fund. Learn exchange fund requirements and whether they’re right for you.

Cache Exchange Fund diagram with Unix (Nasdaq-100) and Bedrock (S&P 500) funds
1
Performance follows Design

How Cache Built the Modern Exchange Fund with 99% Correlation

Curious about performance results of our funds? See how UNIX and Bedrock are tracking their benchmarks with high correlation. Updated August 2025.

Illustration of investors' stocks like AMZN, META, NVDA and TSLA pooled in an exchange fund
2
Essentials

Exchange funds: How they work, fees, rules and taxes

Exchange funds (not ETFs) let you swap a concentrated stock for a diversified fund and defer capital gains tax. The 7-year rule, fees and taxes explained.

Podium with a gold star above first place, comparing exchange fund providers
3
Comparison

List of exchange funds — providers and product details

Who offers exchange funds? And how do these products differ? Learn about the providers and product details.

Cache Financials, Inc. (“Cache”) operates this website. Cache Securities LLC (“Cache Securities”) is a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). SIPC protects securities customers of its members up to $500,000, including $250,000 for claims for cash. Additional information, including an explanatory brochure, is available at www.sipc.org. Information about Cache Securities is also available through FINRA BrokerCheck at https://brokercheck.finra.org. Information about Cache Advisors is available at: https://adviserinfo.sec.gov/

Cache Securities provides brokerage services to self-directed customers, including securities lending and securities trading (sell transactions). Cache Securities does not provide investment advice, analysis, or recommendations. Clearing, execution, and settlement of securities transactions are provided by Apex Clearing Corporation, a member of FINRA and SIPC.

Cache Advisors LLC (“Cache Advisors”) is an investment adviser registered with the SEC. Registration with the SEC does not imply a certain level of skill or training. Cache Advisors is a wholly owned subsidiary of Cache Financials, Inc. Cache Advisors provides discretionary investment advisory services to certain pooled investment vehicles and managed programs, including the Cache Exchange Funds and the Cache Long Short Program, as described in its Form ADV. Advisory services are available only to U.S. residents in jurisdictions where Cache Advisors is registered.

This website includes testimonials and endorsements from individuals identified as Clients or Advisors. Testimonials are provided by current investors in a Cache Exchange Fund (“Clients”). Endorsements are provided by financial advisors (“Advisors”) who have a business relationship with Cache and may utilize Cache products on behalf of their own clients. Unless otherwise indicated, Advisors are not investors in a Cache Exchange Fund. Certain individuals identified as “Cache Investor” are investors in Cache Financials, Inc., the parent company of Cache Advisors LLC and Cache Securities LLC. As equity holders, these individuals have a financial interest in the success of Cache and therefore have a material conflict of interest. No cash compensation was paid in exchange for providing these testimonials or endorsements. However, Clients have an investment in a Cache product, Advisors have a business relationship with Cache, and certain individuals have an ownership interest in Cache Financials, Inc., each of which creates a potential conflict of interest. Testimonials and endorsements reflect the views and experiences of the individuals at the time given and may not be representative of the experiences of other clients or advisors. Testimonials and endorsements are not a guarantee of future performance or success.

For additional important disclosures, please visit our Legal Disclosure Library. By accessing this website, you agree to be bound by Cache’s Terms of Use and Privacy Policy.

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