The Cache Exchange Fund was designed to be more accessible than traditional exchange funds. In launching our funds, our goal was to broaden eligibility, to make it easier to join an exchange fund, and to make it as cost-effective as possible.
Here are the main differences:
Higher Capacity for Growth Stocks: Unlike traditional exchange funds, which are only available for broad market indices like Russell 3000, Cache offers the first Nasdaq-100 exchange fund, which offers a higher capacity for growth stocks.
Faster Diversification: While most exchange funds hold a closing on a quarterly or semi-annual basis, Cache offers a bi-weekly close, helping with faster diversification.
Broader Eligibility: Cache is available to Accredited Investors and Qualified Purchasers, while the other providers are only open to Qualified Purchasers.
Lower Minimums: Exchange funds typically target an ultra-wealthy clientele with a minimum of $1 million, whereas Cache is available for investments starting at $100,000.
Lower Fees: Cache charges a lower management fee between 0.50% - 0.95% and no sales fees or commissions.