The CAZ Strategic
Opportunities Fund

Prepared For
Creative Planning

The Strategy

The Overview

A Deep Dive

Founded in 2001, CAZ has grown to become one of the top 200 allocators to Private Equity worldwide. 1 With $6 billion in assets under management and a global network of investors, we utilize our collective purchasing power to allow for greater access to private markets.

Why Private Markets?

Since 1986, Private Equity has been one of the best performing asset classes in the U.S.

Since 1986, Private Equity (the buying, growing and selling of privately owned businesses) has significantly outperformed public equities globally over various time periods across the last 35+ years.2

Long periods of outsized returns have caused a surge in popularity for Private Equity, but there are other significant factors that are helping grow its popularity. America has lost more than half of its publicly traded companies. In 1990, US Exchanges had over 8,000 companies. Today, that number is below 3,800.3 The universe of public companies in which to invest is getting smaller. In fact, the global value of all companies held by private equity funds dwarfs public stocks by nearly 4 to 1.4

And while there are still many great publicly traded companies, 87% of U.S. companies with over $100 million in revenue remain privately held.5 This is why the world's biggest institutional investors, from endowments to sovereign wealth funds, have allocated trillions of dollars into private markets.

Unfortunately, most individual investors have been excluded from these opportunities. Large minimums, long lock-up periods and limited liquidity have made accessibility limited so individual investors have <5% of their portfolio (on average) allocated to private markets opportunities.6

Individual Investors have minimal exposure to Alternative Investments.

FUND FACTS

The Strategic Opportunities Fund by the Numbers

The CAZ Strategic Opportunities Fund seeks to eliminate the many traditional barriers to entry by giving investors access to a broad portfolio of private investments with a low minimum and increased liquidity.

The fund seeks to comprise a minimum of 8-15 low or non correlated types of assets. This simply means that the investments are unlikely to move up or down in unison. Research done by Ray Dalio and Nobel Laureate Harry Markowitz, has shown that a portfolio with numerous uncorrelated investments can help reduce risk by as much as 80% while providing the opportunity for even greater upside potential.

The CAZ Strategic Opportunities Fund is structured as a registered vehicle (also called a tender offer fund), that aims to provide long term stable returns using growth oriented private equity investments and yield generating private credit investments across various market segments, geographies, industries. The balance of the fund includes a diverse set of liquid assets and credit solutions to target greater liquidity for the fund while also providing growth potential and additional portfolio income.

  • $100,000

    Minimum Investment - No Maximums
    (Class F)

  • Quarterly7

    Liquidity

  • 1099 Yearly

    Simplified Tax Reporting

  • Qualified

    & non-qualified accounts (IRA, Roth,
    Rollover)

  • Monthly

    Investments Accepted

Materials

Investors should consider the investment objectives, risks, and charges and expenses of the Fund(s) before investing. The prospectus {and, if available, the summary prospectus,} contains this and other information about the Fund(s) and should be read carefully before investing. The prospectus may be obtained at (855) 886-2307 or www.cazstrategicopportunitiesfund.com.

Risk Considerations

Investing involves risk, including loss of principal. The value of the fund's shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results.

There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.

There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund.

Equity securities are subject to market, economic and business risks that may cause their prices to fluctuate.

Fixed income investments are affected by a number of risks, including fluctuation in interest rates, credit risk, and prepayment risk. In general, as prevailing interest rates rise, fixed income prices will fall. The Fund is newly formed and has no operating history.

The CAZ Strategic Opportunities Fund is distributed by Ultimus Fund Distributors, LLC, Member FINRA/SIPC.

CAZ Investments does not provide tax advice. Please consult your tax advisor before making any decisions or taking any action based on this information.

Diversification does not ensure a profit or guarantee against loss.

CAZ Investment Registered Adviser, LLC is not affiliated with “Ultimus Fund Distributors, LLC.”

Sources & References

  1. Source: Preqin.
  2. The index is a horizon calculation based on data compiled from 1,505 funds, including fully liquidated partnerships, formed between 1986 and 2022. Private indexes are pooled horizon Internal rate of return (IRR) calculations, net of fees, expenses, and carried interest. CA Modified Public Market Equivalent (mPME) replicates private investment performance under public market conditions. The public index’s shares are purchased and sold according to the private fund cash flow schedule, with distributions calculated in the same proportion as the private fund, and mPME NAV is a function of mPME cash flows and public index returns. “Value-Add” shows (in basis points) the difference between the actual private investment return and the mPME calculated return. Constructed Index: MSCI World/MSCI All Country World Index: Data from 1/1/1986 to 12/31/1987 represented by MSCI index gross total return. Data from 1/1/1988 to present represented by MSCI ACWI gross total return. The timing and magnitude of fund cash flows are integral to the IRR performance calculation. Public indexes are average annual compounded return (AACR) calculations which are time weighted measures over the specified time horizon and are shown for reference and directional purposes only. Due to the fundamental differences between the two calculations, direct comparison of IRRs to AACRs is not recommended. Sources: Cambridge Associates LLC, MSCI, Standard & Poor’s. Source: Cambridge and Associates. Information is subject to change and is not a guarantee of future results.
  3. Source: www.cnn.com. Article published June 9, 2023.
  4. Source: Preqin, World Federation of Exchanges
  5. Source: Capital IQ (January 2022)
  6. Source: Preqin Global Report 2022, Hodes Weill & Associates: Institutional Real Estate Allocations Monitor and UBS Global Family Office Report 2022, Neuberger Berman, Oliver Wyman, Morgan Stanley Research. Analytics as of March 31, 2021. Private markets include private equity, venture capital, private debt, real estate and infrastructure. High net worth: $1 – 50 million investable wealth. Ultra-high net worth: over $50 million investable wealth. Analytics as of March 31, 2021.
  7. The Adviser intends to recommend quarterly repurchases of up to 5% of the Fund’s outstanding shares, subject to Board of Trustees approval; 2% early repurchase fee imposed for repurchases within one year of investment. Investors may not be able to fully liquidate investments for a long period of time and should not invest money needed in the near- to medium-term.

Definitions

The Burgiss Global Private Debt Funds Index is comprised of global funds in all private debt categories including generalist, senior, mezzanine, distressed, unclassified and unknown.

The Bloomberg Global- Aggregate Index is a flagship measure of global investment grade debt from a multitude of local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers.

The ICE BofA Global High Yield Index tracks the performance of USD, CAD, GBP and EUR denominated below investment grade corporate debt publicly issued in the major domestic or Eurobond markets.

A sovereign wealth fund is a state-owned investment fund comprised of money generated by the government, often derived from a country's surplus reserves. SWFs provide a benefit for a country's economy and its citizens.

Tender offer funds are continuously offered closed-end funds that are not listed on a stock exchange and seek to provide investors with liquidity by offering to repurchase a percentage of their outstanding shares.

Net Asset Value is the net value of an investment fund's assets less its liabilities, divided by the number of shares outstanding.