To participate in the Cache Exchange Fund, investors generally need to meet specific eligibility criteria – typically being accredited investors.
In the context of U.S. securities law, an accredited investor is someone who either:
Has a net worth exceeding $1 million, either individually or jointly with a spouse, excluding the value of their primary residence
Or someone who has an income exceeding $200,000 in each of the prior two years ($300,000 together with a spouse) and expects the same for the current year.
Cache offers two series of exchange funds, depending on accreditation level:
Access funds: built for Accredited Investors; typically investors with at least $1 million net worth
Flagship funds: built for Qualified Purchasers only; investors with at least $5 million in investments.
You can learn more about the differences between the Access and Flagship fund series here. Before you participate, we'll verify that you meet the criteria for accredited investor or qualified purchaser status, depending on the fund.
When an allocation is available, Cache Exchange Funds institute a minimum investment depending on the series, and the minimum is per fund.
For Access funds: minimum of $250,000 per fund
For Flagship funds: minimum of $100,000 per fund
The minimum for follow-on investments into Cache Exchange Funds is $50,000 per fund. Contributing multiple times to the same fund changes how redemptions work; learn more here.
To quickly check your eligibility and see whether an allocation is available for your stocks, just tell us about your situation here.