Six Months Later: 
Cache Exchange Fund Performance Update

Cache was founded to help investors manage large stock positions and democratize the sophisticated investment products available to the ultra-wealthy for concentrated stock portfolios.

After more than two years of building in stealth, we launched Cache to the public in March 2024. We are heartened by the overwhelming investor demand for our products, as thousands of investors holding billions of dollars in large stock positions have found their way to Cache.

Our flagship product, the Cache Exchange Fund, continues to attract the most interest. Investor demand has been so high that we created two fund series - “Access” for Accredited Investors and “Select” for Qualified Purchasers. We’ve completed 12 closings across our three exchange funds and onboarded hundreds of millions in assets. We are thankful for the visionary early adopters who recognized what we’re building and adopted Cache for their financial journey.

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The job titles and companies mentioned are for illustrative purposes only and are not endorsements but examples of the types of investors in the Cache Exchange Fund.

Many investors are drawn to Cache for our unique and compelling value proposition, but they are apprehensive about participating before they see evidence that it works. Today, as we complete two full quarters on our first Cache Exchange Fund, we offer you a glimpse of the investor experience to reassure you about the robustness of our investment process. As private fund managers, we are not required to provide these updates publicly, but transparency is a core tenet at Cache.

To set the context, our exchange funds are benchmarked to the Nasdaq-100 index, aiming to deliver similar risk and return characteristics. These funds are formed by pooling stocks from a large number of investors. Each stock is carefully matched to a broader portfolio such that the resulting fund closely approximates the benchmark index, offering an investment experience similar to that of the Nasdaq-100.

So, how is the Cache Exchange Fund performing so far?

Cache Exchange Fund I Performance

Cache Exchange Fund I launched on March 8th, 2024 and finished onboarding by the end of Q2. Over the last seven months, the fund's performance has closely followed the performance of the Nasdaq-100 benchmark. In Q3, the most recent quarter, the performance was +0.12% compared to the Nasdaq-100, i.e., the fund returned +2.24% net of expenses, and the Nasdaq-100 returned +2.12%. We view this realized performance as indicating that our investment processes are working as designed.

“Select” for Qualified Purchasers takes off 🚀

Recently, we introduced a new product line called “Select” for Qualified Purchasers. This fund structure allows us to create a separate large fund that onboards new investors monthly, enabling us to offer increased allocations and faster diversification. Within two months, it has grown beyond $100M and is currently our largest exchange fund.

Are you a Qualified Purchaser with a large stock position in your portfolio?

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Cache Exchange Fund Reviews from Investors

Our rigorous efforts to develop the first modern Exchange Fund resonated with a broad cross-section of investors and their financial advisors.

Here are some of the reviews we’ve received from investors so far:

I tried to do an exchange fund for years before Cache, and it was like trying to join a cult. Little info, little transparency, little awareness of where my money would be invested or if it would be secure, and little confidence with cost and charges. Cache changed all that!

JC Puente

Director at Microsoft

Their commitment to transparency in pricing and simplicity in design has made sophisticated investing straightforward and user-friendly. The Cache team's intentional approach to reducing friction has been a game-changer for us.

Kintan Brahmbhatt

CEO and Co-Founder, Olto.com

The investment principles, fee structure, ease of setup, and customer experience Cache offers are second to none.

Former SVP at $10B public company

Cache has broadened access to a product that has historically been exclusive and expensive, and it is unable to take our client assets. It's a huge addition to our concentrated position playbook.

Eric Franklin

Founder at Prospero Wealth and Early Amazon Employee

Srikanth and the Cache team have built THE PERFECT PRODUCT offering for tech professionals with concentrated stock positions, and their client service is second to none.

Suhag

Former Director and GM, Amazon

JC Puente, Kintan Brahmbhatt, Suhag, and SVP are current Cache Exchange Fund clients. Eric Franklin is not a Cache client but collaborates with Cache on behalf of his clients at Prospero Wealth. Their experience may not represent the experiences of others and does not guarantee future performance or success. A conflict of interest exists as these individuals have a business relationship with Cache. None of them were compensated for their testimonials.

We’re thankful that investors have embraced our products with great enthusiasm and are challenging us to help them with more of their large stock positions.

Want to hear about our upcoming products and occasional insights? Follow us on LinkedIn.

Ready to explore the Cache Exchange Fund for your portfolio?

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<div class="blog_disclosures-text">Assets under management include 3rd Quarter gross asset values for Cache’s Exchange Funds and investors who have funded and been accepted into Exchange Funds as of 09/30/24.</div>

<div class="blog_disclosures-text">Interest in exchange funds represents the amount and number of securities that users have inquired about purchasing an exchange fund, not current investments in the fund. Brokerage assets represent client assets under management as of 09/30/24.</div>

<div class="blog_disclosures-text">Exchange funds require at least 20% of the investment to be invested in illiquid qualifying assets. For more information on this product and any additional criteria or differences, please refer to the offering documents. Nasdaq-100 (NDX) is a stock market index of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. The index is used herein for illustrative purposes only. Broad-based securities indices are unmanaged and are not subject to fees and expenses typically associated with investment funds. You cannot invest directly in an index.</div>

<div class="blog_disclosures-text">Securities are offered through Cache Securities LLC, an SEC-registered broker-dealer and Member of FINRA/SIPC. Investment advisory services are offered through Cache Advisors LLC, an SEC-registered investment advisor. Cache Advisors and Cache Securities are wholly-owned subsidiaries of Cache Financials Inc “Cache”.</div>

<div class="blog_disclosures-text">This communication is not an offer or solicitation of securities and is intended to inform only. Any product discussed within should only be purchased after the client reviews the offering documents and executes a subscription agreement.  This product is not suitable for all investors, and Cache has not considered the actual or desired investment objectives or goals of any individual investor. Before investing, investors should carefully consider the risks associated with the investment and determine if the investment is consistent with their investment objectives and risk tolerance. Cache does not make investment recommendations or assist in determining suitability, and investors are responsible for ensuring that products are appropriate for their specific situation.</div>

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