Our Access series of exchange funds (for Accredited Investors) has a 2-year lock-up period, during which investors cannot withdraw their contributions. Learn about the lock-up period.
Exchange funds are a long-term investment, and require a seven-year holding period to receive the full tax benefits. A 2-year lock-up encourages a self-selection of investors with a long-term outlook, aligning investor interests with the fund's goal of long-term capital appreciation and risk reduction through diversification.
Our Select series of exchange funds (for Qualified Purchasers) does not have a lock-up period.