FOIL-HW
The Hardwood Index
The deepest, most continuously traded card market in the world.
Planned
Methodology for this index is still in development. No indicative valuation, portfolio or performance figure is published for it.
Positioning
A single-category portfolio of culturally significant and investment-grade basketball cards, intended to be selected for market depth, historical significance and observable trading activity rather than for any one player or set.
- Basketball has the densest record of high-value public transactions of any category, across both auction and marketplace venues.
- Demand spans four decades of players, so a portfolio can hold vintage, modern and contemporary exposure inside one sport.
- Population data is dense enough to support comparable-sale analysis at most price bands.
Intended portfolio composition
| Theme | Era | Grade band | Weight |
|---|---|---|---|
| Defining rookies | Modern | PSA 8–10 | 14.8% |
| Contemporary chase parallels | Contemporary | PSA 10 | 9.9% |
| 1960s and 1970s issues | Vintage | PSA 5–8 | 8.4% |
| Championship-era subjects | Modern | PSA 8–9 | 7.2% |
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
- Rookies: 38.0%
- Vintage issues: 26.0%
- Contemporary parallels: 22.0%
- Other: 14.0%
Grade distribution
- PSA 10: 29.0%
- PSA 9: 35.0%
- PSA 7–8: 25.0%
- PSA 6 and below: 11.0%
Vintage vs modern
- Vintage (pre-1980): 27.0%
- Modern (1980–2009): 41.0%
- Contemporary (2010–): 32.0%
Index methodology
- Market depth
- A minimum observable transaction history across multiple independent venues.
- Era spread
- Documented targets for vintage, modern and contemporary exposure, so the portfolio is not a single decade's bet.
- Subject caps
- Limits on exposure to any single player, however dominant that player is in the market.
Status
- Liquidity score: 8.4 / 10 — illustrative composite of transaction frequency and market depth.
- Valuation confidence: Medium — The category trades densely, but the methodology for this index has not been fixed.
- Legal status: no vehicle formed, no assets held, no offering qualified. See structure and legal.
Risk
- A single-category portfolio carries that category's cycle in full.
- Contemporary parallels depend on print runs disclosed by the manufacturer.
- 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.