VEMEX registered public investment.
Investment published on: 2012-10-16 13:30:00.
Investment name: Adaptive Ices Basket Fund.
NEISIN code: MRVAHFTCF039.
Official discussion: link to EvE forum investment prospectus.
Public Investments Archive for this investment: backlink.
Official audit: N.A.
Public Audits Records for this investment’s audit: N.A.
Type: Closed end mutual fund.
Issued by: Vahrokh Financial Technologies [VAHFT].
Managed by: Vahrokh Financial Technologies [VAHFT].
Publicly listed on: Vahrokh’s EvE Merchantile Exchange [VEMEX], as symbol ICEBSK.
Archived by: Vaerah Vahrokha.
MRVAHFTCF039 Adaptive Ices Basket Fund
Abudman X – Moon 10 – Urban Management Bureau Office
Establishment of Mutual Closed End Fund
on the 21st October YC 114
On the 21st October YC 114, Vahrokh Financial Technologies [VAHFT] (herein after referred to as “VAHFT”) in conjunction with Vahrokh Consulting [VAHCO] (herein after referred to as “VAHCO”) and in collaboration with Vahrokh’s EvE Mercantile Exchange [VEMEX] is forming a Mutual Closed End Fund (herein after referred to as “Adaptive Ices Basket Fund”, NEISIN code MRVAHFTCF039).
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The purpose of the Adaptive Ices Basket Fund is to is to produce income and to provide an opportunity for growth of principal consistent with sound common stock and commodities investing.
Fees and Expenses
The following table describes the fees and expenses you may pay if you buy and hold Investor Shares of the Fund.
Shareholder Fees
(Fees paid directly from your investment)
| Sales Charge (Load) Imposed on Purchases | None |
| Purchase Fee | None |
| Sale Charge (Deferred Load) Imposed on Sales | 2% |
| Sales Charge (Load) Imposed on Reinvested Dividends | N/A |
| Redemption Fee | 8% |
| Account Service Fee | None |
Monthly Fund Operating Expenses
(Expenses that you pay each month as a percentage of the value of your investment)
| Management Expenses (*) | 7% |
| Distribution Fee | None |
| Other Expenses | None |
| Total Monthly Fund Operating Expenses | None |
(*) These are calculated on the invested shares net gain, not on the whole value of the investment).
Shares trading expenses
(Expenses that you pay each trade as a percentage of the value of each traded share)
These expenses are imposed by the exchange the shares are traded on. For VEMEX fees please refer to the VEMEX fees listing.
Primary Investment Strategies
The Fund employs an investment strategy based on finding profitable plusvalence opportunities across one adaptive commodities basket. An adaptive commodity basket is a constantly monitored related group of commodities. The most performing commodities are acquired into the Fund, the least performing commodities are released.
The monitored basket for this Fund is an ices and ices related commodities (heavy water etc.) basket.
Primary Risks
An investment in the Fund could lose money over short or even long periods. You should expect the Fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall bond and commodities markets. The Fund’s performance could be hurt by:
- Sampling risk: sudden anticyclic performance affecting multiple of the commodities held or traded in the Fund’s baskets.
- Credit risk: multiple delays in underlying third party loans and bonds.
- Sensible drop in EvE’s population.
- Fund Management errors, health issues.
- Technical issues, including unforeseen prolonged connectivity issues.
Monthly total returns
The fund has just been issued, there is no past performance history.
Investment Advisor
Vahrokh Financial Technologies, Inc.
Portfolio Manager
Vaerah Vahrokha, President of Vahrokh Financial Technologies and head of Vahrokh Financial Technologies’ Fund Group.
Purchase and Sale of Fund Shares
You may purchase or redeem shares online through the VEMEX exchange or by EvE-mail addressed to VEMEX. Please notice how redeeming shares is not meant to be the regular way to liquidate them in a closed end Fund and by doing so you will be subject to the Redemption Fee. This is an Exchanged Traded Fund and as such the intended way to acquire or sell shares is the exchange itself. Use the Redemption Fee only as a last resort way of disposing of shares.
Payments to Financial Intermediaries
The Fund and its investment advisor do not pay financial intermediaries for sales of Fund shares.