Navmont
Yield Index
$RWY
Factsheet
Tokenized fund interest
The first basket built to the Navmont Yield Index.
Daily liquid tokenized exposure to a hedged basket of private fund yield and public dividend yield. Distributions paid monthly in USDC. Borrowable on chain through the lending pool. Every constituent paired with a sized public market hedge.
Navmont
Yield Index
$RWY
Factsheet
Four sleeves into one token. Public yield engine, tail and macro overlay, and cash buffer are picked and live. Private fund sleeve constituents are pending tokenized issuance and Anchorage custody onboarding; names disclosed to verified institutional reviewers on request.
| Constituent | Role | Target weight | Hedge instrument |
|---|---|---|---|
| Public yield engine (60%) | |||
| AGNC AGNC Investment Corp | Mortgage REIT | 10% | Listed put on XLF (financials proxy) |
| NLY Annaly Capital Management | Mortgage REIT | 10% | Listed put on XLF (financials proxy) |
| STRC Strategy preferred | BTC-correlated preferred | 10% | IBIT put spread (80/60) |
| SATA Strive preferred | BTC-correlated preferred | 10% | IBIT put spread (80/60) |
| QQQM Invesco Nasdaq-100 | Broad market core, call premium income | 20% | In-house covered call |
| Private fund sleeve (30%, pending) | |||
| Apollo tokenized private creditPending | Direct lending | 7.5% | Listed put on BIZD |
| KKR tokenized private creditPending | Direct lending | 7.5% | Listed put on BIZD |
| Blackstone tokenized private creditPending | Direct lending | 7.5% | Listed put on BIZD |
| Ares tokenized private creditPending | Direct lending | 7.5% | Listed put on BIZD |
| Tail and macro overlay (5%) | |||
| TLT iShares 20+ Year Treasury | Duration / macro hedge | 3% | Itself a hedge instrument |
| TAIL Cambria Tail Risk ETF | Tail-event hedge | 2% | Itself a hedge instrument |
| Cash buffer (5%) | |||
| BENJI Franklin OnChain US Government Money Fund | Tokenized money market | 5% | None required |
Steady-state weights at $25M+ AUM. Launch-phase composition will skew toward public yield engine and cash buffer until the private fund sleeve is fully sized. Index concentration caps from Rule 03 apply: per position 20%, per correlated cluster 40%, per asset class 50%. QQQM carries a 25% per-position cap to absorb the whole-lot sizing of its covered call (100 shares per contract).
Navmont
Yield Index
$RWY
Factsheet
The basket is structured around independent infrastructure providers. The issuer does not custody. The custodian does not strike NAV. The NAV agent does not audit itself.
| Role | Counterparty |
|---|---|
| Issuer | Navmont Automated Strategies Inc. |
| Token issuance and share register | Superstate FundOS |
| Public stock and option custody | Alpaca (FINRA / SIPC) |
| Private fund interest custody | Anchorage Digital (federally chartered, OCC trust charter) |
| NAV calculation | NAV Fund Services (daily strike) |
| Auditor | Ernst & Young LLP (annual audit, quarterly review) |
| Hedge venue | Alpaca (listed options on the public yield engine, the BTC-correlated preferred cluster via an IBIT put spread, and private fund proxies) |
Single line on NAV. No separate management or performance fee. Step downs apply automatically on the first NAV strike of the month after the threshold is crossed and reported in the monthly investor letter.
Underlying yield flows back into the basket. Monthly, NAV Fund Services strikes accrued income and the basket distributes it to holders in USDC. Hedge premium is netted continuously into displayed yield.
Navmont
Yield Index
$RWY
Factsheet
Three redemption paths plus three defense layers. The holder picks the path that matches their urgency. Each path is priced to compensate remaining holders for the damage a redemption does to the basket. Routine cash flow demand is satisfied by USDC borrow against the token without a redemption.
| Path | Settlement | Pricing | Fee |
|---|---|---|---|
| USDC borrow against the token | 24/7, instant | No NAV realized | No fee |
| Track A. Standard queue | T+30 | NAV at queue close | No fee |
| Track B. Instant burn | Same block | NAV at strike, paid in USDC plus optional claim token | 0 to 5%, scales with liquid sleeve depth |
| Track C. Secondary RFQ | Bilateral | Negotiated between allowlisted holders | No fund fee |
The instant burn fee is dynamic. It is zero when the liquid sleeve sits at target and rises as the sleeve depletes. The fee is paid back to remaining holders through the next monthly distribution. The holder choosing speed pays the cost, the holder choosing patience receives it.
The private sleeve is never sold to fund a redemption. Track B USDC payouts come from the liquid sleeve. The claim token mechanism shifts illiquid exposure to the redeemer. Mechanism activation is phase-aware: Track A and Track B with a flat exit fee operate at launch; the depth-scaled fee, claim token, auction and standby activate as the private sleeve grows.
Two distinct credit facilities. Mutually exclusive: a position uses one or the other, never both.
Navmont
Yield Index
$RWY
Factsheet
Pre-launch metrics are model derived and subject to validation after live launch. Performance reporting begins after the first full quarter.
| Metric | Target |
|---|---|
| Distribution yield (net) | 9-11% |
| Hedge program annual cost | 1.5-3.5% |
| Modeled max drawdown (2008 stress, hedged) | 10-15% |
| Realized correlation to S&P 500 (post hedge) | 0.30-0.45 |
| Constituent count | 5-15 |
Pre-launch model output. Quant validation against actual options pricing surfaces is in progress. Final published metrics begin with the first quarterly NAV strike post-launch.
For institutional review only. Not for retail distribution. $RWY is offered under Reg D 506(c) and Reg S to verified holders. Allocation does not constitute an offer in any jurisdiction where such offer would be unlawful. Past performance, where reported in the future, will not be indicative of future results. Contact investors@navmont.xyz with questions.