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SOLRX provides exposure to credit assets that were traditionally out of reach for average investors. Finite offers lower minimums, lower fees, and more frequent liquidity opportunities than typical private funds – with 100% digital access.
Where we invest:
The Fund seeks to allocate at least 80% of assets into securities and credit instruments related to the domestic solar power industry, that Finite believes offer attractive opportunities for risk-adjusted returns via capital appreciation and current income.
Why Solar?
Utilities keep raising rates while solar power gets cheaper, creating increasingly attractive opportunities in solar finance.
Finite Solar Finance Fund
Ticker: SOLRX
Fund Strategy
The Fund seeks to achieve its investment objective by investing at least 80% of its managed assets in private, alternative lending-related securities issued in connection with solar financing (“Solar Finance Assets”). Solar Finance Assets include credit instruments related to the development, purchase or installation of solar energy equipment, the purchase and lease of renewably generated electricity, and securities of solar industry participants that the Adviser believes offer the potential for regular current yield.
MINIMUM INVESTMENT
PURCHASE AVAILABILITY
LIQUIDITY
MANAGEMENT FEE
GROSS EXPENSES
NET EXPENSES
PERFORMANCE FEE
TAX REPORTING
ADVISER
STRUCTURE
$500
Daily
Quarterly
1.25%
2.51% *
2.23% **
None
1099-DIV
Finite Management, LLC
Interval Fund
Fund Materials.
Key reasons to consider investing:
Meet Finite’s Portfolio Managers.
Investors should read the prospectus carefully before investing.
All investors should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. Information regarding such considerations, including the prospectus of the ‘40 Act-registered fund, may be found below.
* Gross expense is based on the expense limitation implemented and noted within the prospectus. Some expenses are excluded from this and the expense ratio my be greater as a result. Please see the prospectus for more detail.
** The Adviser has entered into an expense limitation and reimbursement agreement with the Fund that is expected to continue for at least two years from the effective date of the Prospectus, and will renew automatically for successive periods of one year thereafter, unless written notice of termination is provided by the Adviser to the Fund not less than 10 days prior to the end of the then-current term. The Expense Limitation Agreement may also be terminated by the Fund’s Board on 60 days’ written notice to the Adviser. There is no guarantee that the Adviser will elect to renew the Expense Limitation Agreement after the first year of the Fund’s operations.
*** Correlation measures the degree to which two securities move in relation to each other (source).