| FUND PROFILE | |
|---|---|
| Name | XFT Short-Term U.S. Government Securities Fund |
| Ticker | USDX |
| Description | Permissionless yield-bearing stablecoin |
| Investment Goal | Provide current income with capital preservation and liquidity. Maintain a stable $1.00 share price. |
| Use Cases | Cash management, yield-bearing collateral, cross-border payments |
| Investment Strategy | Invests ≥99.5% in short duration government securities, cash, and repurchase agreements collateralized by government securities or cash |
| Fund Type | Taxable Bond Funds - US Government Bond Funds |
| Legal Structure | 1940 Act Closed-End Interval Fund |
| MANAGEMENT | |
| Sponsor | X Financial Technologies |
| Investment Manager | Closed-End Fund Advisors |
| Board of Directors | [Not Provided] |
| Directors' Biographies | [Not Provided] |
| Executive Officers | [Not Provided] |
| Officers' Biographies | [Not Provided] |
| Advisory Agreement Terms | [Not Provided] |
| FEES AND EXPENSES | |
| Management Fee | 0.15% |
| Other Expenses | 0.11% |
| Total Expenses | 0.26% |
| Fee Waiver | -0.06% |
| Net Expenses | 0.20% |
| Network Fees | Gas fee pass-through |
| Performance Fee | Yield share 20% |
| Gross Expense Ratio | 0.14% |
| Net Expense Ratio | 0.14% |
| DISTRIBUTION | |
| Policy | Managed Distribution |
| Frequency | Daily |
| Dividend Type | Level Dollar Amount |
| UNII Reporting | Monthly |
| Benchmark | CEFA's Taxable Bond & BDC Index |
| CAPITAL STOCK AND OTHER SECURITIES | |
| Authorized Shares | [Not Provided] |
| Par Value | [Not Provided] |
| Voting Rights | [Not Provided] |
| Shareholder Rights | [Not Provided] |
| Share Classes | USDX (Rebasing), wUSDX (Accumulating) |
| Features and Fees | [Not Provided] |
| PURCHASE AND REDEMPTION OF SECURITIES | |
| Initial Offering Price | [Not Provided] |
| Sales Charges | [Not Provided] |
| Minimum Mint (Purchase) | $5,000 |
| Minimum Redemption | $5,000 |
| Redemption Procedures | [Not Provided] |
| Redemption Fees | [Not Provided] |
| INVESTMENT PARAMETERS | |
| Underlying Assets | Short duration government securities |
| Portfolio Requirement | ≥99.5% Government securities |
| Max Maturity | 397 calendar days |
| Weighted Avg Maturity | ≤60 days |
| Weighted Avg Life | ≤120 days |
| Investor Eligibility | Qualified Purchasers |
| Individual Access | xAPI mobile application |
| Institutional Access | Web Portal |
| TECHNOLOGY | |
| Available Networks | Ethereum, Avalanche, X Ledger, Stacks, Lightning Network |
| Recording System | Blockchain-integrated |
| Access Control | Permissioned system |
| Smart Contracts | Whitelisted wallets |
| TOKEN TYPES | |
| USDX | Rebasing, ERC-20 |
| wUSDX | Accumulating, ERC-4626 |
| SERVICE PROVIDERS | |
| Sponsor | X Financial Technologies |
| Investment Manager | Closed-End Fund Advisors |
| Administrator | BNY Mellon |
| Custodian | BNY Mellon |
| Transfer Agent | X Financial Technologies |
| Auditor | Ernst & Young LLP |
| Prime Brokers | Goldman Sachs, RBC |
| Payment Partners | Visa, Circle, Apex Fintech Solutions |
| Legal Counsel | [Not Provided] |
| Sub-Custodians | [Not Provided] |
| REGULATORY COMPLIANCE | |
| Regulatory Body | U.S. Securities and Exchange Commission (SEC) |
| Compliance Standards | Investment Company Act of 1940, Rule 2a-7 |
| State of Inc | DE |
| Maryland Act | FALSE |
| Staggered Board | YES |
| RISKS | |
| Interest Rate | Exposure to rising/falling rates affecting security prices |
| Credit | Minimal, focused on U.S. government securities; includes agency securities |
| Liquidity | Managed through short duration assets and daily redemptions |
| Blockchain | Security, technical flaws, regulatory changes, network forks |
| Cybersecurity | Potential data breaches, unauthorized access, cyber attacks |
| Market | [Not Provided] |
| Regulatory | [Not Provided] |
| Operational | [Not Provided] |
| Leverage | [Not Provided] |
| CONTACT INFORMATION | |
| Address |
X Capital Management, LLC 903 Love Drive Williamsport, PA 17701 |
| Website | xft.finance |
| alex@alexandros-securities.com | |
| File Number | Investment Company Act file #123-45678 |
| Copyright | © 2024 X Financial Technologies. All rights reserved |
| ADDITIONAL INFORMATION | |
| Financial Statements | [Not Provided] |
| Statement of Additional Information (SAI) | [Not Provided] |
| TAX INFORMATION | |
| Tax Status of Distributions | [Not Provided] |
| Tax Considerations | [Not Provided] |
| LEGAL PROCEEDINGS | |
| Pending Litigation | [Not Provided] |
| POLICIES AND PROCEDURES | |
| Proxy Voting Policies | [Not Provided] |
| Code of Ethics | [Not Provided] |
| Anti-Money Laundering Procedures | [Not Provided] |
| PRIVACY POLICY | |
| Data Practices | [Not Provided] |
| Data Collection | [Not Provided] |
| Data Sharing | [Not Provided] |
| Investor Rights | [Not Provided] |
| PERFORMANCE | |
| Net Asset Value (NAV) | [Not Provided] |
| Total Return | [Not Provided] |
| Expense Ratios | [Not Provided] |