Cache
Exchange funds (Flagship and Access series)
OpenFall Aperture coordinated close (Unix, Bedrock, Mosaic) open through 2026-11-10. Closings about twice a month.
- Assets
- ≈$1.61B+
- Fee a year
- 0.40%–0.95%
- Minimum
- $100K
- Tracking error
- ≈1.65–3.1%
- Investors
- 886
- Open to
- Accredited investors
- Lock-up
- 7 years for the tax deferral. No minimum holding period in Flagship funds.
- New money gets in
- Typically twice a month (Cache site). Fund disclosures say Cache seeks monthly closings, not guaranteed.
- Illiquid sleeve
- Core diversified private real estate funds (Cache names LaSalle Property Fund and TA Realty Core Property Fund). Cache says it does not use REITs.
- Holdings
- Not disclosed
- Benchmark
- Nasdaq-100, S&P 500, S&P 500 Growth
- Custodians
- BNY Mellon
- Access
- Sign up directly, through an advisor
- Launched
- 2024
- Assets, in detail
- As of 2026-08. Sum of the latest value of each Cache exchange fund. Unix ($800M+), Bedrock ($500M+) and Mosaic ($100M+) are floors that Cache reports on its product page (2026-08-27). Fortran, GNU and Exchange Fund I are Form ADV gross asset values (2026-02). Cobol launched on 2026-08-31 and has no value yet. Cache also reports $2.65B+ on its whole platform (2026-10-08), which includes pending contributions and assets that Cache does not manage.
- Fee schedule
- Management fee on contribution size: 0.95% at $100K+, 0.85% at $250K+, 0.70% at $500K+, 0.60% at $1M+, 0.50% at $5M+, 0.40% at $25M+. Fee drops to 0.25% after year 7. Access series funds: 0.60% to 0.95% a year (Cache product page).
- Other costs
- Operating expenses typically 0.10%-0.15% a year. Cache states no sales, placement, servicing or performance fees. Form D reports $0 sales commissions.
- Tracking error, method
- Unix: Derived from Cache's disclosed realized correlation of 0.99 to the Nasdaq-100 (Q3 2025, after Index Sync on 2025-07-15) and forward-looking beta 1.04: TE = sigma_b*sqrt(k^2+1-2*rho*k), sigma_b = 20%, k = 1.00 to 1.05. Earlier correlation was 0.98, which gives about 4%. Bedrock: Cache chart gives tracking error 1.65% next to a forward-looking beta of 1.03. The page does not state the period or method, so treat it as a provider model figure. Cache also reports correlation of 0.98 to the S&P 500. Cache says the fund holds over 450 underlying stocks.
- Capacity and queue
- Some in-demand stocks have a waitlist. Existing Cache shareholders generally get priority. Investors can check capacity online.
Assets over time
Funds 7
| Fund | Year | Amount | Note |
|---|---|---|---|
| Unix (Nasdaq-100) | 2024 | $800M2026-08 | Nasdaq-100. Fee 0.40%–0.95%. Minimum $100K. Open to: qualified purchaser. Open. Cache reports current assets of $800M+ (a floor, 2026-08-27). |
| Bedrock (S&P 500) | 2025 | $500M2026-08 | S&P 500. Fee 0.40%–0.95%. Minimum $100K. Open to: qualified purchaser. Open. Cache reports current assets of $500M+ (a floor, 2026-08-27). |
| Mosaic (S&P 500 Growth) | 2026 | $100M2026-08 | S&P 500 Growth. Fee 0.40%–0.95%. Minimum $100K. Open to: qualified purchaser. Open. Cache reports current assets of $100M+ (a floor, 2026-08-27). |
| Cobol (Access series) | 2026 | Not disclosed | S&P 500 Growth. Fee 0.60%–0.95%. Minimum $250K. Open to: accredited. Status not public. |
| Fortran | 2024 | $58.4M2026-02 | Minimum $100K. Open to: accredited. Status not public. Form ADV gross asset value of Cache Exchange Fund - Fortran, LLC (87 beneficial owners), from the 2026 annual ADV data (value changed 2026-02, repeated in the 2026-10-05 filing). |
| Exchange Fund I | 2024 | $80.1M2026-02 | Nasdaq-100. Minimum $100K. Open to: accredited. Status not public. Form ADV gross asset value (74 beneficial owners), from the 2026 annual ADV data of Cache Advisors LLC (value changed 2026-02, repeated in the 2026-10-05 filing). |
| GNU | 2024 | $75.7M2026-02 | Minimum $100K. Status not public. Form ADV gross asset value (87 beneficial owners), from the 2026 annual ADV data of Cache Advisors LLC (value changed 2026-02, repeated in the 2026-10-05 filing). |
Sources
Checked 2026-10. Confidence: high. Basis estimated the assets, investors, tracking error from public data.
- Cache exchange funds product page (data as of 2026-08-27)
- Cache: How Cache built the modern exchange fund with 99% correlation
- SEC Form D/A, Cache Exchange Fund - Unix, LLC (CIK 2023178), 2026-05-05
- Cache homepage ($2.65B+ platform assets, 2026-10-08)
- SEC Form ADV, Cache Advisors LLC (CRD 323063), filed 2026-10-05, Schedule D 7.B.(1)
- Cache: Cache announces new S&P 500 benchmarked fund
- SEC Form D/A, Cache Exchange Fund - Bedrock, LLC (CIK 2066765), 2026-05-05
- SEC Form D/A, Cache Exchange Fund - Mosaic, LLC (CIK 2066805), 2026-05-05
- Cache: list of exchange fund providers
- SEC Form D, Cache Exchange Fund - Cobol, LLC (CIK 2087303), 2026-02-02
- Private Fund Data: Cache Exchange Fund - Fortran, LLC (Form ADV history)
- SEC Form D/A, Cache Exchange Fund - Fortran, LLC (CIK 2046068), 2025-12-11
- SEC Form D, Cache Exchange Fund I, LLC (CIK 2007568), 2024-03-05
- Cache: Launching the first Cache exchange fund
- Private Fund Data: Cache Exchange Fund I, LLC (Form ADV history)
- SEC Form D, Cache Exchange Fund - GNU, LLC (CIK 2023179), 2024-06-28
- Private Fund Data: Cache Exchange Fund - GNU, LLC (Form ADV history)
Where to get it
The same product costs a different amount through each door. The all-in fee adds the access provider's own fee to the product fee. Placement fees, financing, and fund expenses are extra.
| Through | Their fee | All-in fee | Minimum | Onboarding and queue | Status |
|---|---|---|---|---|---|
| CacheDirect platform | 0% | 0.40%–0.95% | $100K | Contributions join the fund at the next close. Funds typically close twice a month.. Some in-demand stocks carry a short waitlist. Holders with shares already on Cache get priority when capacity opens. The site shows a 'Fall Aperture' with expanded capacity through Nov 10. Long/Short has a waitlist for the $1M+ reopening. | Open |
| Compound PlanningDigital advisor | 0.20%–2.00% | 0.60%–2.95% | $100K | Cache funds close about twice a month. | Open |
| FartherDigital advisor | 0.35%–0.80% | 0.75%–1.75% | $100K | Cache funds close about twice a month. | Open |
| Savvy WealthDigital advisor | 0.30%–1.90% | 0.70%–2.85% | $500K | Cache funds close about twice a month. | Open |
| Prospero WealthIndependent advisor | Not disclosed | Not disclosed | $100K | The lead advisor says that the firm does much of the Cache onboarding self-serve. No time is given.. Cache funds close about twice a month. | Unknown |