Fund size and redemption terms explained
The listing includes information on each fund’s size (assets under management for the entity listed) in US dollars and its redemption terms. Size is shown the following bands: below $100 million, $100-500 million, $500 million-$1 billion, above $1 billion.
Redemption terms are shown in two columns.
- The “redemption min/max” column shows the minimum and maximum number of days it would take an investor to withdraw funds. For example, a fund that allows monthly redemption with a one-month notice period would have a min/max score of 30/60 days.
- The “hard/soft lock” column shows the number of years’ hard lock and soft lock for each fund.
- A hard lock is the time period in years after an investment in which the investors’ money cannot be withdrawn.
- A soft lock is the time period in years after an investment in which money cannot be withdrawn without the investor incurring a fee.
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