by Yieldstreet | Staff
The Yieldstreet Prism Fund allows you to access numerous alternative asset classes, all within a single fund. Though the concept of funds is not new, the ability for retail investors like yourself to invest in such a wide range of alternatives all with a single allocation is new to the market.
The Yieldstreet Prism Fund is open to all investors and allows individuals the opportunity to build a portfolio of fixed-income alternative investments—meaning a portfolio of investments that when performing pay interest, dividends or distributions until their maturity.
With the Yieldstreet Prism Fund, you make one allocation that is spread across multiple asset classes that helps provide your portfolio with diversification.1 You can think of the Fund as a building tool that assists you in creating a fixed-income portfolio. The Fund is managed solely by Yieldstreet and invests in both cash flow-backed and asset-backed Yieldstreet opportunities.
The Yieldstreet Prism Fund allows us to further deliver on our mission to provide novel investing opportunities to both those who have previously invested with Yieldstreet, as well as those who are new to our platform. This Fund can be an effective way to provide diversification to your investment portfolio.1 As an alternative to a single investment (such as a traditional Yieldstreet offering of a single asset class), the use of a multi-asset fund allows us to potentially minimize downside risk for our investors more than we were previously able to do.
Unlike traditional Yieldstreet offerings, the Yieldstreet Prism Fund is exactly that, a fund. When investing in the Fund, you are purchasing shares of a Closed-End Fund (CEF) that will invest across multiple assets. The value of these shares is calculated using the Fund’s Net Asset Value, or what is also referred to as NAV. The NAV is then updated at least once on a quarterly basis. You can learn more about NAV and how it related to the Yieldstreet Prism Fund here.
The Yieldstreet Prism Fund terminates in March 2024.2 However, investors (pending approval of the Fund’s board of directors) may have the option for limited liquidity.3 If you’re not familiar with the concept of liquidity, we have resources for you that explore the concept.
This option for limited liquidity for the Fund is a distinction from traditional single-asset offerings that are currently available on the Yieldstreet platform, which currently do not offer the option for liquidity.3
If you would like to learn more about the Yieldstreet Prism Fund, please see the following resources:
If you have additional questions regarding the Fund, please reach out to the Yieldstreet team at [email protected].
To familiarize yourself with the details of the Yieldstreet Prism Fund, it is important that you review the prospectus, available for download here.
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1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.
2 Represents a net estimated, unrealized annualized internal rate of return (IRR) of your portfolio and is based by reference to the effective distribution dates and amounts to and from the investments, as well as any outstanding principal and accrued and unpaid interest as of the current date, after deduction of management fees and all other expenses charged to the investments.[read more]
3 "Annual interest" or "Annualized Return" represents an annual target rate of interest or annualized target return and "term" represents the estimated term of the investment. Such target interest or target returns and estimated term are projections of the interest or returns and or term and may ultimately not be achieved. Actual interest or returns and term may be materially different from such projections. This targeted interest or returns and estimated term are based on the underlying investments held by the applicable.
4 Reflects the initial quarterly distribution declared by the board of directors on February 6, 2020, which will be payable to stockholders of record as of June 10, 2020, and the initial offering price of $10 per share.
5 The Fund will cease investing and seek to liquidate the Fund's remaining portfolio no later than 48 months after the Fund's initial closing. It may take up to twelve months thereafter to fully monetize any remaining illiquid investments in the Fund's portfolio.
6 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.
7 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including Sept 6th, 2021, after deduction of management fees and all other expenses charged to investments.
8 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.
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Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors’ portfolios. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.
Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.
Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.
Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.
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Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.
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