$Destiny Tech100 (DXYZ.US)$ リサーチしたからメモ！SBIで買いたいなぁ 大幅なプレミアム価格...

I feel like it has become significantly overpriced haha.

Destiny Tech100 Inc (Ticker: DXYZ) is a closed-end investment management company listed on the New York Stock Exchange on March 26, 2024.

– Investment ObjectiveAiming to invest in a portfolio of privately held technology companies supported by the top 100 venture capital firms.

SpaceX: 37.6%

Axiom Space: 9.1%

OpenAI: 3.5%

Epic Games: 4.5%

　　- Other notable companies: Stripe, Discord, Plaid, etc

– Portfolio composition (As of June 30, 2024):

– Management fee: Annual 2.5%

– Current number of shareholding companies: 22 companies

– Number of target companies: 100 companies

– Market capitalizationApproximately 0.394 billion dollars.

A closed-end fund is a type of investment trust in which the issuer does not guarantee redemption in response to investor claims. It issues a fixed number of shares in the initial public offering (IPO) and invests the funds in securities such as stocks and bonds.

- Traded on stock exchanges as shares

- Trading is based on market prices

- Can be bought or sold anytime during trading hours similar to regular stocks

– Trading method：

There is a possibility of trading at a premium or discount to the net asset value (NAV).

Prices are determined by supply and demand in the market.

– Price formation：

It is possible to invest in a wide range of investment targets, including illiquid assets.

Active management by professionals.

Investing specialized in specific industries, sectors, and regions is possible.

– Features of operation：

Closed-end type: only trading on the market

Open-end type: redemption by the management company is possible

1. Cash conversion methods：

• Closed-end type: Trading at market price

• Open-end type: Trading at Net Asset Value (NAV)

2. Price determination：

• Closed-end type: Possible to invest in illiquid assets

Open-end type: Mainly consists of liquid assets to accommodate daily cash conversion.

3. Flexibility in operation：