Our funds have a structured fee schedule based on an investor’s commitment into the fund. Here’s a breakdown of the typical fees associated with Cache funds:
Management Fees
Our management fee ranges from 0.40% to 0.95% on an annual basis, calculated on the fund's gross assets under management and charged monthly as 1/12 of the annual rate.
This fee structure is designed to be competitive and is significantly lower than many traditional exchange funds, reflecting Cache’s commitment to providing cost-efficient investment solutions. Depending on your participation amounts, the fees decrease according to the following scale:
$100,000 - $249,999: 0.95%.
$250,000 - $499,999: 0.85%.
$500,000 - $999,999: 0.70%.
$1,000,000 - $4,999,999: 0.60%.
$5,000,000 - $24,999,999: 0.50%.
$25,000,000 and above: 0.40%
These rates are determined based on cumulative contributions to the funds.
After you complete seven years in the fund, the annual management fee drops to 0.25%.
We offer stock-specific discounts, referral discounts, and other discounts from time to time. Check eligibility by enrolling on our website. Detailed fee schedules and adjustment tiers are also in the FAQ section of the Cache client portal.
We also offer wholesale pricing through financial advisors. Ask your advisor about it.
Sales or Subscription Fees
We do not charge any sales fees, subscription fees, or commissions.
Performance Fees
There are no performance fees associated with our funds.
Redemption fees
No redemption fees are charged to investors who have participated in the fund for at least seven years. However, there are fees associated with early redemption.
ETF Expenses
Our Flagship fund series uses ETFs as part of the portfolio construction to help maintain benchmark alignment and diversification.
These ETFs have their own internal expense ratios (typically around 0.15%), which are charged by the ETF provider.
To help offset these costs, Cache provides a 0.15% management fee offset for ETF expenses in our Flagship fund series. This means the fund’s management fee is reduced by the amount of ETF expenses incurred by the fund, helping ensure investors are not effectively paying overlapping management costs.
Other Expenses
These include tax and audit expenses, setup expenses, real estate expenses, and other operational expenses necessary to maintain the fund. We expect the other expenses to be in the 0.10% - 0.15% range. These costs are shared among all investors and factored into the fund's net asset value.
Keeping fees low and transparent aligns with our overall objective of offering a cost-effective way to diversify.