• Documentation
• Utopia TPL Fund plc – SUSPENDED

Investment Objectives

The Fund was incorporated as an open‑ended investment company in the Isle of Man to invest in a managed portfolio of senior life settlements (“traded life policies”) issued by United States life assurance companies (“life companies”). A senior life settlement is the sale of a life insurance policy to a third party, by a senior citizen in their middle to late seventies (often with health complications), at a price below the sum assured (“face value”) but above the current surrender value. From time to time investment may also be made into other investments including cash and near-cash assets, units or shares in other collective investment schemes and listed securities, including those of companies which themselves invest in traded life policies.

The Fund aims to achieve medium to long-term capital growth through investing in traded life policies, which are underwritten by US life companies rated A or better by A.M. Best. The Policy Adviser will apply a strict policy selection methodology as part of a disciplined investment strategy with the objective of achieving the Fund’s targeted return of 9% to 11% per annum (net of all charges and expenses).

The traded life policies will be held by the Fund via its wholly owned subsidiary, Utopia Policies Limited (“UPL”), which acts as the Fund’s investment holding company. The Directors will attribute the shares in UPL held by the Fund to each Share Class of the Fund, pro rata to the respective Net Asset Value of each Share Class or to the amount of subscriptions received in respect of each Share Class, as appropriate.

As the base currency of UPL is US Dollars, if deemed appropriate by the Directors, the Fund may enter into a currency hedge in respect of the Sterling and Euro Share Classes. UPL and the Fund will have common directors and service providers.