How has Cache vetted Index Sync with current regulatory frameworks?

Cache has collaborated with multiple top-tier law firms to address long-standing inefficiencies in exchange fund design.

Index Sync is the result of that work. It adapts a structure exchange fund sponsors have long used: exchange funds contributing diversified portfolios to a larger pooled fund. By contributing a diversified basket of the fund's holdings to a broad-market ETF managed by an unaffiliated adviser, we are able to access broader diversification. The contribution relies on the same long-standing rules (Section 721(b) and the diversified-portfolio rule in the Section 351 regulations) that govern contributions to exchange funds themselves. In the fund documents, you will find legal opinions that support the structure from both regulatory and tax perspectives.