What is the Yieldstreet Prism Fund?

February 18, 20205 min read
What is the Yieldstreet Prism Fund?
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abstract art meant to highlight Yieldstreet prism fund offerings

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.

Why is this exciting?

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.

How is the Yieldstreet Prism Fund different from Yieldstreet single asset class offerings?

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.

Invest in the Prism Fund Today

What else should I know?

The Yieldstreet Prism Fund is an evergreen fund. However, investors (pending approval of the Fund’s board of directors) may have the option for limited liquidity.2 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.

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.  
The securities described in the prospectus are not offered for sale in the states of Nebraska or North Dakota or to persons resident or located in such states. No subscription for the sale of Fund shares will be accepted from any person resident or located in Nebraska or North Dakota.
1The YieldStreet Prism Fund is a non-diversified closed-end fund for purposes of the Investment Company Act of 1940, as amended (“40 Act”), and is therefore not a 40 Act “diversified” product.
2The Fund intends to offer to repurchase shares from investors at the discretion of the Fund’s Board of Directors and depending upon the performance of the Fund under its Share Repurchase Program. The Fund will limit the number of shares to be repurchased under the Share Repurchase Program in any calendar year to no more than 20% of shares outstanding in the prior calendar year, or no more than 5% in each quarter. If the number of shares submitted for repurchase under the Share Repurchase Program by investors exceeds the number of shares the Fund seeks to repurchase, the Fund will repurchase shares from investors on a pro-rata basis, and not on a first-come, first-served basis. The Fund may also, if the Board of Directors so approves, undertake one or more tender offers outside of our Share Repurchase Program prior to March 9, 2024, which was previously our termination date. The timing and terms and conditions of any such tender offers will be determined by the Board of Directors.
This communication and the information contained in this article are provided for general informational purposes only and should neither be construed nor intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Any link to a third-party website (or article contained therein) is not an endorsement, authorization or representation of our affiliation with that third party (or article). We do not exercise control over third-party websites, and we are not responsible or liable for the accuracy, legality, appropriateness or any other aspect of such website (or article contained therein).