Skip to main content
search

m+ funds

Simplified Access to Defined Outcomes

m+ funds provide a defined outcome return on a specified ETF at a specified maturity date. The funds are intended to provide investors enhanced control over investment results, compared to other alternatives, with a predetermined amount of downside protection, enhanced upside, or both.

m+ feature

Why m+ funds?

Learn about the goal of m+ funds, their distinct categories, design principles, how advisors are deploying the funds in a portfolio setting, and more.

Benefits of m+ funds?

All m+ funds are registered under the Investment Company Act of 1940 and are publicly offered funds that: 

  • Are built on a fiduciary framework1

  • Provide daily liquidity at the fund’s net-asset-value (NAV)

  • Contain no corporate or bank credit issues

  • Are not listed on any securities exchange

  • Can be customized to meet certain objectives

View Available Funds

m+ Family of Funds

Preservation

Preservation

Aim to help investors concerned about market losses maintain market exposure or invest excess cash.

Buffered

Buffered

Provide investors with a buffer against market losses with limited participation in market gains.

mplus-block03

Growth

Seek to enhance market gains with full downside participation.

Structures for Different Investor Needs

icon-switchboard

Learn more about certain features of m+ funds

icon-glossary

Definitions of key defined outcome terms

icon-contact

Learn more about iCapital’s defined outcome solutions

Featured Articles

tech-pulse-header
Practice Management

TECH PULSE

NOVEMBER 2025
November 24, 2025
Quarterly Technology Update Unlock Smarter, Faster, and Easier Investing. Discover how the latest innovations across iCapital are delivering real benefits to your business. In this issue, we highlight unlocking liquidity,…
media-0212-header
Practice Management

U.S. Advisor Survey 2025: Navigating the Shift from Differentiation to Integration in Alternatives

November 17, 2025
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The 2025 iCapital Global Advisor Survey reveals a pivotal transformation in the U.S. wealth management landscape. Alternative investments, once viewed primarily as diversification tools, have evolved into strategic assets that…
beyond-60-40-new-header
Practice Management

Beyond 60/40

November 2025
November 10, 2025
WELCOME TO OUR MONTHLY NEWSLETTER. 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  The source for navigating the world of alternative strategies Going Private Across the Globe It’s a big moment for private assets globally. If you…

1. m+ funds hold a static portfolio of exchange listed assets (exchange listed options backed by the Options Clearing Corp) in a 40 Act Registered fund (“UIT”) whereby Alaia Capital LLC is a “Portfolio Consultant” to the Trust

Securities products and services are offered by iCapital Markets LLC, a registered broker-dealer, member FINRA and SIPC, and an affiliate of iCapital, Inc. These registrations and memberships in no way imply that the SEC, FINRA, or SIPC have endorsed any of the entities, products, or services discussed herein. Alaia Capital LLC and m+ funds are affiliated with iCapital Markets LLC. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc.