FOIL-VTG
The Vintage Index
Cardboard that survived, priced on what is left.
Planned
Methodology for this index is still in development. No indicative valuation, portfolio or performance figure is published for it.
Positioning
A portfolio of pre-1980 issues across sports, where supply is finished, survivorship is documented in grading population reports, and pricing rests on condition scarcity rather than on print runs.
- No further supply can enter the market, so population reports approximate the whole surviving universe.
- High-grade survival rates are low enough that condition, rather than subject alone, drives a large share of value.
- The buyer base skews to long-hold collectors, which historically produces slower but steadier price behaviour.
Intended portfolio composition
| Theme | Era | Grade band | Weight |
|---|---|---|---|
| Post-war baseball icons | Vintage | PSA 4–7 | 14.0% |
| Early basketball issues | Vintage | PSA 5–8 | 10.5% |
| Pre-war tobacco issues | Vintage | PSA 2–5 | 8.0% |
| 1960s football issues | Vintage | PSA 6–8 | 6.6% |
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
- Baseball: 44.0%
- Basketball: 24.0%
- Football: 20.0%
- Other: 12.0%
Grade distribution
- PSA 8 and above: 21.0%
- PSA 6–7: 38.0%
- PSA 4–5: 29.0%
- PSA 3 and below: 12.0%
Vintage vs modern
- Vintage (pre-1980): 100.0%
- Modern (1980–2009): 0.0%
- Contemporary (2010–): 0.0%
Index methodology
- Population-weighted selection
- Assets are screened against graded population at and above their grade, so scarcity is measured rather than asserted.
- Provenance
- Preference for assets with a documented ownership or auction history.
- Condition banding
- Exposure spread across grade bands, because the vintage market's liquidity is not evenly distributed across them.
Status
- Liquidity score: 6.4 / 10 — illustrative composite of transaction frequency and market depth.
- Valuation confidence: Medium — Sales are less frequent than in the modern categories, so an indicative figure would lean on older comparables more often.
- Legal status: no vehicle formed, no assets held, no offering qualified. See structure and legal.
Risk
- Thin trading means a valuation can rest on a small number of sales.
- Condition disputes and re-grading can move a single asset between price bands.
- 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.