Here's more details about the fund:
https://usecache.com/product/sp-500-exchange-fund
https://usecache.com/companion/cache-announces-new-sp-500-benchmarked-fund
Topics Covered:
The problem with concentrated stock positions and why it’s getting worse
How stock-based compensation fuels investor overexposure
Why traditional exchange funds fall short—and how Cache is solving it
Understanding Section 351 ETF conversions and tax-deferred diversification
The mechanics behind Cache's NASDAQ 100 and S&P 500 strategies
How exchange funds work: structure, lockups, and liquidity
Using ETFs to rebalance and solve diversification constraints
Real estate allocations and the 20% illiquid asset requirement
Costs, fees, and transparency of the modern exchange fund model
Regulatory and legal perspectives behind the structure
Practical advice for advisors and investors with low-basis positions
How to access, evaluate, and engage with Cache and Alpha Architect solutions
Timestamps:
00:00 – Intro to stock compensation and its market impact
01:00 – Wes and Sri outline the ETF and exchange fund challenge
03:00 – What Section 351 is and why it matters
06:00 – How stock concentration issues are growing
08:00 – The scale of stock-based compensation in tech
10:00 – Sri’s journey founding Cache Financial
12:00 – Limitations of traditional exchange funds
14:00 – Mechanics of balancing exchange fund portfolios
17:00 – The innovation: combining 351 with exchange funds
21:00 – How the ETF conversion process works
25:00 – Real estate in exchange funds and the 20% rule
28:00 – Costs, fees, and white hat transparency
30:00 – Lockup periods and what happens after 7 years
35:00 – Diversified ETF distributions and tax implications
38:00 – Operational structure and future scaling
44:00 – Minimums, access, and onboarding small investors
48:00 – Advisor use cases and practical implementation
50:00 – Custody, billing, and transparency for RIAs
52:00 – Regulatory and legal confidence in the structure
55:00 – Where to learn more and how to get started
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