Investment Strategy
The SharesPost 100 Fund focuses on late-stage, venture-backed private companies. As compared to startups and earlier-stage venture companies, these companies have more established product lines and customer bases and typically have revenue traction. The SharesPost 100 Fund’s strategy is to participate in the potential appreciation of these dynamic pre-IPO companies.
Investment Process
SharesPost monitors the investment performance of venture capital firms and analyzes their portfolio companies with a proprietary process. From this analysis, we publish the SharesPost 100 List, a proprietary list that we believe to be the top 100 companies in the venture asset class. The SharesPost 100 List defines the SharesPost 100 Fund’s primary investible universe.
Total Return Information
SharesPost 100 Fund
(Inception Date: 03/25/2014) Annualized Total Return:
Inception - 3/31/17
Cumulative Total Return:
Inception - 3/31/17
Cumulative Total Return:
4/1/16 - 3/31/17 (1 Year)
Returns based on Purchase
Without Any Sales Charge (NAV)
8.03% 26.25% 0.28%%
Returns Based on Purchase With
Maximum Sales Charge of 5.75% (POP)
5.93% 18.99% -5.50%
Fund Benchmarks
Dow Jones US Technology Index 15.65% 55.04% 26.50%
Standard and Poor’s 500 Index 10.45% 34.97% 17.17%
  • Annualized Total Return: Inception - 3/31/17
    (Inception Date: 03/25/2014) Annualized Total Return:
    Inception - 3/31/17
    Returns based on Purchase
    Without Any Sales Charge (NAV)
    8.03%
    Returns Based on Purchase With
    Maximum Sales Charge of 5.75% (POP)
    5.93%
    Fund Benchmarks
    Dow Jones US Technology Index 15.65%
    Standard and Poor’s 500 Index 10.45%
  • Cumulative Total Return: Inception - 3/31/17
    (Inception Date: 03/25/2014) Cumulative Total Return:
    Inception - 3/31/17
    Returns based on Purchase
    Without Any Sales Charge (NAV)
    26.35%
    Returns Based on Purchase With
    Maximum Sales Charge of 5.75% (POP)
    18.99%
    Fund Benchmarks
    Dow Jones US Technology Index 55.04%
    Standard and Poor’s 500 Index 34.97%
  • Cumulative Total Return: 4/1/16 - 3/31/17 (1 Year)
    (Inception Date: 03/25/2014) Cumulative Total Return:
    4/1/16 - 3/31/17 (1 Year)
    Returns based on Purchase
    Without Any Sales Charge (NAV)
    0.28%
    Returns Based on Purchase With
    Maximum Sales Charge of 5.75% (POP)
    -5.50%
    Fund Benchmarks
    Dow Jones US Technology Index 26.50%
    Standard and Poor’s 500 Index 17.17%
Performance data quoted represents past performance and is no guarantee of future results. POP performance assumes an application of maximum sales load of 5.75% on all sales. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. For performance as of the most recent month-end, please call +1.855.551.5510. Some of the Fund’s fees were waived or expenses reimbursed; otherwise, returns would have been lower. The Fund’s total annual expenses are 4.12%. The Adviser has contractually agreed to waive fees and/or reimburse expenses such that certain expenses of the Fund do not exceed 2.50% through May 1, 2018. Please see the Prospectus for more details.

Important Disclosure

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please download here. Read the prospectus carefully before investing.

Investment in the SharesPost 100 Fund involves substantial risk. The Fund is not be suitable for investors who cannot bear the risk of loss of all or part of their investment. The Fund is appropriate only for investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund has no history of public trading and investors should not expect to sell shares other than through the Fund's repurchase policy regardless of how the Fund performs. The Fund does not intend to list its shares on any exchange and does not expect a secondary market to develop.

All investing involves risk including the possible loss of principal. Shares in the Fund are highly illiquid, and you may not be able to sell your shares when, or in the amount that, you desire. The Fund intends to primarily invest in securities of private, late-stage, venture-backed growth companies. There are significant potential risks relating to investing in such securities. Because most of the securities in which the Fund invests are not publicly traded, the Fund’s investments will be valued by the Investment Adviser pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees. While the Fund and the Investment Adviser will use good faith efforts to determine the fair value of the Fund’s securities, value will be based on the parameters set forth by the Prospectus. As a consequence, the value of the securities, and therefore the Fund’s NAV, may vary. Due to transfer restrictions and the illiquid nature of the Fund’s investments, you may not be able to sell your investments when you wish to do so. There are significant potential risks associated with investing in venture capital and private equity-backed companies with complex capital structures. The Fund focuses its investments in a limited number of securities, which could subject it to greater risk than that of a larger, more varied portfolio. There is a greater focus in technology securities that could adversely affect the Fund’s performance. If the Fund does not have at least 500 Members for an entire taxable year, you could receive an adverse tax treatment. The Fund’s quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Investment Adviser would otherwise do so, and may also result in an increase in the Fund’s expense ratio. This is not a complete enumeration of the Fund’s risks. Please read the Fund prospectus for other risk factors related to the Fund, its investment strategy and your investment in the Fund, and other additional details.

Certain potential conflicts of interest involving the Fund’s Investment Adviser and its affiliates could impact the Fund’s investment returns and limit the flexibility of the implementation of its investment policies. New investment opportunities that meet the Fund’s investment objectives might not be offered, or otherwise made available to the Fund, due to affiliations between entities related to the Fund. Prospective investors should review the conflicts of interest described in the section entitled “Conflicts of Interest” in the Prospectus prior to making an investment in the Fund.

The SharesPost 100 Fund is distributed by FORESIDE FUND SERVICES, LLC

**The Fund is subject to a Fundamental Concentration Policy pursuant to which no more than 25% of the value of its assets may be invested in companies in a particular industry or group of industries. Further, holdings in companies that represent more than 5% of value of Fund’s total assets may not exceed more than 50% of the value of Fund’s assets. The SharesPost 100 Fund is a "non-diversified" investment company, and as such, the Fund may invest a greater percentage of its assets in the securities of a single issuer than investment companies that are "diversified."

Important Notice

You are now leaving the SharesPost 100 Fund area of the SharesPost website and proceeding to either a) SharesPost Inc. and its affiliates including SharesPost Financial Corporation, a separate company registered as a broker/dealer with the Securities and Exchange Commission and member of FINRA/SIPC, and SharesPost Investments Management, LLC, a registered investment advisor, or b) to another third party, including UMB Fund Services, Inc. and Foreside Fund Services, LLC, both SharesPost 100 Fund service providers.

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