FOIL-RC
The Rookies Index
First-year cards, where the hobby concentrates its conviction.
Testing interest
Indicative figures
- Indicative NAV
- $11.02
- 1 day
- −0.4%
- 30 day
- −0.2%
- 12 month
- +10.2%
- Assets
- 16
Illustrative data. Figures shown are hypothetical, generated for demonstration, and do not represent any actual portfolio, holding, valuation or performance.
Positioning
A portfolio of first-year issues across categories. The rookie card is the hobby's most consistently priced object: one issue per player, a fixed supply, and a market that has repeatedly paid a premium for it over later cards of the same subject.
- The rookie premium is the most durable pricing pattern in the category, observable across sports and across decades.
- One issue per subject makes comparable-sale analysis unusually clean: there is far less ambiguity about what is being priced.
- Rookie supply is fixed at issue, so scarcity is a matter of grading population rather than of ongoing production.
Intended portfolio composition
| Theme | Era | Grade band | Weight |
|---|---|---|---|
| Hall-of-fame basketball first issues | Modern | PSA 8–10 | 13.2% |
| Post-war baseball first issues | Vintage | PSA 4–7 | 11.0% |
| Quarterback first issues | Contemporary | PSA 9–10 | 9.6% |
| Multi-subject rookie cards | Vintage | PSA 5–7 | 7.4% |
Illustrative holdings. Selections shown are examples of the kinds of assets that could meet documented eligibility criteria. No assets have been acquired and no portfolio has been finalised.
Category allocation
- Basketball: 34.0%
- Baseball: 27.0%
- Football: 24.0%
- Other: 15.0%
Grade distribution
- PSA 10: 26.0%
- PSA 9: 33.0%
- PSA 7–8: 27.0%
- PSA 6 and below: 14.0%
Vintage vs modern
- Vintage (pre-1980): 30.0%
- Modern (1980–2009): 40.0%
- Contemporary (2010–): 30.0%
Index methodology
- Recognised first issue
- Only the issue generally accepted by the market as a subject's first card qualifies. Where that is contested, the asset is excluded rather than argued.
- Career floor
- Subjects are screened for a career record that has already been established, so the portfolio is not underwriting a prospect.
- Population banding
- Exposure is spread across graded population bands so the portfolio is not concentrated in the scarcest, thinnest-traded end.
Status
- Liquidity score: 8.2 / 10 — illustrative composite of transaction frequency and market depth.
- Valuation confidence: High — One issue per subject means comparable sales are easy to identify, though thin at the highest grades.
- Legal status: no vehicle formed, no assets held, no offering qualified. See structure and legal.
Risk
- A rookie card is exposure to one career. Injury, retirement and reputation all price into it directly.
- The premium at the top grade can be a multiple of the grade below, so a portfolio's value is sensitive to grading population changes.
- Diversification does not eliminate investment risk. Collectible assets are illiquid, volatile and may lose value.
- Liquidity is not guaranteed. A daily indicative valuation is not the same as the ability to transact daily, and no secondary market may develop.
- No offering has been qualified. If an offering is ever made, its risk factors will be set out in full in the applicable offering documents, which will supersede this summary.
Documents
Offering documents will be made available if and when an offering is qualified.
- Offering circular — pending
- Index methodology — pending
- Valuation policy — pending
- Custody disclosures — pending
This is not an offer to sell or a solicitation to buy any security. Statements describing Foil's intended structure, products and timelines are forward looking and remain subject to change, to applicable securities laws, and to the determinations of qualified counsel and regulated partners.