First of all, the transparency from the DRIP team is admirable. You guys do a great job of that.

But if the fund is essentially going all-in on a single token, then the value-add from the fund structure is limited, since token holders can get simply get the SPS exposure more directly without overhead or third party risk.

Perhaps consider waiving the management fee, or using for DRIP buybacks, until you are in a position to deploy capital in a manner more consistent with the stated investment objective?