Alpha Plus USD Government Securities Fund*
The Fund is an open-ended common fund incorporated under Georgian Law and managed by Alpha Plus Asset Management LLC (ID: 405611690). The Fund pools investors’ US$ funds and invests in high-grade liquid US$ government securities and provides low-risk cash-like investment product to Qualified Investors**.
Investment Objective & Strategy
The Fund’s primary investment objective is to provide cash-like investment alternative, where qualified investor can easily invest and exit highly liquid investment grade securities in USD. The Fund will invest minimum 90% of its assets in a portfolio of US Government Treasury securities (notes, bonds and bills) and related money market instruments. Remaining portfolio may be invested in the listed short-term investment grade US$ fixed income securities. The Fund is entitled to repo (only short term) and/or hedge its exposure.
Fund Structure and fees
| Asset Manager | Alpha Plus Asset Management LLC |
|---|---|
| Currency | US$ |
| Minimum Investment | Class A units: US$ 5mln; Class B units*** |
| Fund Structure | Open-ended common fund |
| Redemption | Permitted at any time |
| Dividend Distribution | Monthly |
| Tenor | Evergreen |
| Offering | Class A and Class B Units |
| Reporting | Daily NAV and annual IFRS audited statements |
| Governing Law | Georgian Law |
| Investors | Qualified Investors only |
| Subscription Fee**** | |
| Class A Units | 0.10% |
| Class B Units | 0.10% |
| Annual Management Fee | |
| Class A Units | 0.25% |
| Class B Units | 0.35% |
| Other Charges | Bank fees, broker charges, etc. |
* Fund documentation will be provided to Qualified Investors.
** Qualified Investors as per Georgian Securities Law definition.
*** Subject to agreement with Asset Manager.
**** Subscription Fee will be waived on reinvestments within 3 months from redemption.