Diversify your stocks. Defer your taxes.
Diversify your portfolio without upfront tax bills
Stay invested while mitigating concentration risk
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Diversify your stocks. Defer your taxes.
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A trusted way to stay invested
Testimonials are provided by a current Cache investor and may not be representative of the experience of other customers. A conflict of interest exists in that the client is an investor in a Cache investment. The testimonial is no guarantee of future performance or success. The individual was not compensated for this testimonial and this is not a paid testimonial. Endorsement provided by a current Advisor with a business relationship to Cache and may not be representative of the experience of other customers. A conflict of interest exists in that the advisor has a business relationship with Cache. The endorsement is no guarantee of future performance or success. The individual was not compensated for this endorsement. Thomas, Kintah, Suhag and R Singh are current Cache investors, Aaron and John are advisors with a business relationship with Cache.
A trusted way to stay invested
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... a simple and accessible approach to diversifying stocks that many lifelong tech workers never knew existed.
Testimonials are provided by a current Cache investor and may not be representative of the experience of other customers. A conflict of interest exists in that the client is an investor in a Cache investment. The testimonial is no guarantee of future performance or success. The individual was not compensated for this testimonial and this is not a paid testimonial. Endorsement provided by a current Advisor with a business relationship to Cache and may not be representative of the experience of other customers. A conflict of interest exists in that the advisor has a business relationship with Cache. The endorsement is no guarantee of future performance or success. The individual was not compensated for this endorsement. Thomas, Kintah, Suhag and R Singh are current Cache investors, Aaron and John are advisors with a business relationship with Cache.
Join these overachievers
How exchange funds work
Exchange funds
have been around since the 1960s, but only available through private wealth channels. We’ve made this technique used by the ultra-wealthy available for you.
1. Get started
Tell us about your stocks and how much you’d like to diversify. Our algorithms match you against a carefully-balanced portfolio.
2. Review your invitation
You are invited to a fund close a few weeks away. Each investor reviews the fund details, commits their shares, and signs off on their participation. Matched shares are accepted into the fund on the close date.
3. Exchange fund close
On the close date, we'll exchange your stocks for a proportionate share of the fund. It's instant diversification, without a tax bill.
4. Redeem your exchange fund shares
After seven years, you can redeem your fund shares for a diversified basket of stocks. No taxes are due until you sell.
Concentration builds wealth. Diversification preserves it.
Our Exchange Funds are benchmarked to the Nasdaq-100 index,
helping you reduce risk without giving up on growth.
Individual stocks vs. Nasdaq 100 Index, 2001-2023
This analysis is based on the returns of individual stocks in the Nasdaq-100 index from January 1, 2001, through September 25, 2023. Our analysis includes securities with different lifetimes in the index since securities are added and removed from the Nasdaq-100 over time. For the purposes of comparison, each security’s return is measured over its lifetime in the index.
Reduce risk in your portfolio
A diversified portfolio reduces your exposure to specific business risks, and often experience lower volatility and drawdown risk.
Stay invested in growth
By benchmarking to Nasdaq-100, our funds maintain your exposure to growth stocks while reducing concentration risk.
Keep all your principal invested
Contributions and redemptions aren't taxable events under current regulations (IRC 721). Your money continues to work for you.
See why it's the smarter way to diversify
Let’s say you want to diversify $300K in stock. Doing it through an exchange fund defers tax liabilities, creating significant growth over time.
40.8%
potential incremental pre-tax gain with an exchange fund.
How does redemption affect my gains?
Simulated results for illustrative purposes only. Assumes a tax status of married filing jointly in CA with a combined annual income of $600,000+. Effective capital gains tax rate: 34.75%. Initial cost basis: $50,000. Expected annual portfolio return: 10%. Investment Term: 7 years. The expected annual portfolio return of 10% is hypothetical, gross of fees, and used to illustrate the benefits of potential tax deferral.
Funds tailored for your wealth journey
Accredited Investor
Accredited Investor eligibility generally requires a minimum net worth of $1M for an individual (excluding primary residence), or an annual income of $200K+ ($300K with spouse) for the past two years, and reasonable expectation to do so in the current year.
Qualified Purchasers
Qualified purchaser eligibility generally requires the Accredited Investor standard to be met and minimum investment assets of $5 million for individual investors.
Fees
Want to understand all the details?
Schedule a chat with our Investment team after you share some information about your situation.
Backed by decades of experience
Our investments team has managed portfolios worth tens of billions at Goldman Sachs and Eaton Vance, including the largest exchange funds.
Our product team has built world-class products at Uber, Stripe, Robinhood and LinkedIn.
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Compare exchange fund providers
Other Exchange Fund Providers
(Large Wall St Investment Banks)
Minimum investment
$100k
$500k – $1M
Eligibility requirements
Accredited Investors
$200k+
income for the last 2 years
OR
$300k+
with spouse
OR
$1M+
net worth excluding primary residence
Qualified Purchasers
$5M+
in investments
Fees
0.50% – 0.95% fee based on contribution
$100K+
0.95%
$250K+
0.85%
$500K+
0.70%
$1M+
0.60%
$5M+
0.50%
Zero sales fee or performance fee.
Dynamic discounts for certain stocks.
Ask your advisor about wholesale pricing, or avail referral discounts.
1.5% – 2.25% overall annual fee
Upto 1.50%
sales fee
0.85% - 0.95%
management fee
Available for private wealth clients only
Variable performance fee
Minimum holding period
2 years
3 years
Holding period for tax advantages (required by the tax code)
7 years
What if I want to redeem earlier?
Before two years, you won’t be able to redeem. We institute a two-year lockup to encourage long-term investors to participate. Each pool is carefully weighted to achieve certain investment goals, and redemptions hurt your fellow investors.
After two years but before seven years, redemption requests are satisfied by distributing your original contribution back to you at a rate that is the lower of the contributed stock value at the time of redemption or the value of your fund shares based on the fund’s net asset value. The rest is retained until term commitments are met. Note that early redemptions incur a penalty fee. Please refer to the fund documents for a full set of redemption terms.
After seven years, you can redeem a diversified portfolio on a tax-deferred basis.
What if I want to redeem earlier?
7 years
Minimum investment
$100k
Eligibility requirements
Accredited Investors
$200k+
income for the last 2 years
OR
$300k+
with spouse
OR
$1M+
net worth excluding primary residence
Fees
0.4% - 0.8% fee based on contribution
Zero sales fee or performance fee.
Dynamic discounts for certain stocks.
Ask your advisor about wholesale pricing, or avail referral discounts.
Minimum holding period
2 years
Holding period for tax advantages (required by the tax code)
7 years
What if I want to redeem earlier?
Before two years, you won’t be able to redeem. We institute a two-year lockup to encourage long-term investors to participate. Each pool is carefully weighted to achieve certain investment goals, and redemptions hurt your fellow investors.
After two years but before seven years, redemption requests are satisfied by distributing your original contribution back to you at a rate that is the lower of the contributed stock value at the time of redemption or the value of your fund shares based on the fund’s net asset value. The rest is retained until term commitments are met. Note that early redemptions incur a penalty fee. Please refer to the fund documents for a full set of redemption terms.
After seven years, you can redeem a diversified portfolio on a tax-deferred basis.
What if I want to redeem earlier?
Minimum investment
$500k – $1M
Eligibility requirements
Qualified Purchasers
$5M+
in investments
Fees
1.5% – 2.25% overall annual fee
Upto 1.50%
sales fee
0.85% - 0.95%
management fee
Available for private wealth clients only
Variable performance fee
Minimum holding period
3 years
Holding period for tax advantages (required by the tax code)
7 years
The data for the key terms of other exchange fund providers are sourced from certain large institutional providers of exchange funds which Cache believes to be relevant competitors for its own exchange fund. However, key terms are not meant to be representative of any particular competitor or other provider of exchange funds. Cache makes no representation as to the accuracy of this information nor does Cache create an implication that such data has been updated as of any particular time from when such data was originally sourced.
Common questions
The Basics
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Eligibility
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Benefits
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Getting Started
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