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Vanguard & Blackstone Interval-Fund (IV)

yogibearbullyogibearbull
edited May 8 in Fund Discussions
This interval-fund (IV) is from Wellington Management/Vanguard and Blackstone/BX.

"Principal Investment Strategies. The Fund seeks to achieve its investment objective by obtaining exposure to a broad range of public and private market investments through individual securities, pooled investment vehicles, and derivatives. The Fund will utilize a flexible investment strategy across public and private equity and fixed income markets. Under normal market conditions, the Fund will seek investment exposure within the Fund’s portfolio to: (i) public equities investments in the range of 40% to 60% of the Fund’s net assets, (ii) public fixed income investments in the range of 15% to 30% of the Fund’s net assets, and (iii) private markets investments in the range of 25% to 40% of the Fund’s net assets (collectively, the “Underlying Exposures”)....

Underlying Exposure to private markets, passively managed equities and public fixed income assets shall be obtained through allocations of the Fund’s assets by the Adviser to investment vehicles (each, an “Underlying Fund” and collectively, the “Underlying Funds”) managed by affiliates of Blackstone Inc. (together with its affiliates, “Blackstone”) or by The Vanguard Group, Inc. or its affiliates (together with its affiliates, “Vanguard”), as applicable...

Investment Adviser. The investment manager to the Fund is Wellington Management Company LLP (“WMC” or the “Adviser”). The Adviser is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) under the Investment Advisers Act of 1940, as amended (“Advisers Act”). The Adviser is responsible for the Fund’s investment strategy and the day-to-day management of the Fund’s assets...."
https://www.sec.gov/Archives/edgar/data/2065909/000139834425008938/fp0093540-1_n2.htm

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Comments

  • stayCalm
    Will this fund be publicly available or only via RIA?
  • a2z
    ...WVB All Markets is an interval fund (also known as a continuously offered closed-end fund). It looks and acts much like a mutual fund, but with one key difference: you can only sell it quarterly—maybe.
    Like a mutual fund, you’ll be able to purchase shares of WVB All Markets each day in your investment account at the fund’s closing price (or Net Asset Value, NAV)...
  • yogibearbullyogibearbull
    Interval-funds (IVs) are sold through advisors. As noted, it's easier to get into them, but not so easy to get out - sort of roach motels (-:).

    IVs have a set schedule for limited redemptions, unlike other nontraded funds that have redemptions only by announcements (SReit, SReit, BCred, etc).
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