The Private Shares Fund Fund A (PRIVX)
| Fund Assets | 180.62M |
| Expense Ratio | 2.72% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 43.13 |
| YTD Return | 1.85% |
| 1-Year Return | 8.78% |
| 5-Year Return | 54.22% |
| 52-Week Low | 39.46 |
| 52-Week High | 43.88 |
| Beta (5Y) | 0.05 |
| Holdings | n/a |
| Inception Date | n/a |
About PRIVX
The Private Shares Fund Class A is a mutual fund focused on providing access to private, late-stage, venture-backed growth companies. Its primary purpose is to allow investors exposure to companies that have established products and demonstrated revenue traction, but which typically are not publicly traded. The fund maintains a concentrated portfolio, often with a greater emphasis on the technology sector, and its largest holdings include prominent private firms such as GrubMarket, Nanotronics Imaging, Tradeshift, and SpaceX. The fund employs a range of investment structures, including direct investments in private securities, participation via special purpose vehicles, and private investments in public equity transactions involving SPACs. Shares in the fund are highly illiquid, as the fund is not listed on any exchange and offers only limited quarterly redemption opportunities of up to 5% of total shares at net asset value. The valuation of holdings relies on fair value estimations since most portfolio companies do not have active public markets, which can result in notable variability in net asset value. The Private Shares Fund Class A plays a unique role in the financial market by granting investors a rare opportunity to participate in the growth of leading private enterprises prior to public listing or acquisition.
Performance
PRIVX had a total return of 8.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.00%.