ReFlow provides cash to meet redemptions and nets out volatile shareholder flow, allowing funds to reduce cash drag and eliminate unnecessary trading.
ReFlow helps avoid forced selling due to redemptions and allows qualifying funds to meet ReFlow's redemption with an in-kind distribution of securities, like an ETF.
ReFlow does not require disclosure of underlying portfolio holdings.
ReFlow can aggregate net-redemptions over a one week period, significantly reducing resources dedicated to providing daily liquidity to shareholders.
Capital is allocated through a Dutch Auction process, just like T-Bills and US Treasuries. The minimum bid is 14 basis points; highest bids are filled first.
Participation can be fully automated so that a standing bid is triggered whenever various conditions are met.
ReFlow’s position will be redeemed into any net shareholder subscription. Any remaining ReFlow position will be redeemed in cash or, for qualifying funds, with securities “in-kind” anytime by fund request or at the end of 8 days.
No set-up or maintenance charges. Fees are transaction-based, transparent, and qualify as a bona-fide fund expense. Mutual fund board approval is required.
For more information on ReFlow's Redemption Service, or to speak with a member of our team, contact us via the form below.