Common questions.

What is Raffaello?

Raffaello is a curator brand for vault strategies. It focuses on transforming market assets into structured vaults with clear methodology, portfolio logic, risk awareness, and disclosure.

What is a vault?

A vault is a structured strategy container designed to provide exposure to a defined set of assets, themes, or market forces according to a stated methodology.

What does Raffaello curate?

Raffaello curates vaults across multiple themes, including macro cycles, commodities, institutional credit, fixed income, digital assets, tokenized finance, real-world assets, and special situations.

Are returns guaranteed?

No. Vault returns are not guaranteed. Vault value may fluctuate, and users may lose part or all of their investment.

How does Raffaello approach risk?

Raffaello treats risk as part of vault design. Each vault is presented with its own risk profile, methodology, and relevant monitoring indicators where available.

How often are reports published?

Reports are published according to each vault's disclosure schedule and operational readiness.

Can I subscribe directly through this website?

This website is designed for brand presentation, vault information, methodology, and disclosures. Access and participation are subject to applicable vault documents and designated channels.

What does pRNH Vault hold?

100% HYB — the on-chain representation of NYLI GF US High Yield Corporate Bonds, a Luxembourg UCITS fund. No other asset, no leverage, no discretionary trading.

Where does the 7% come from? Is it guaranteed?

Not guaranteed. It is an expected gross annual return based on the coupon income and historical return profile of the underlying fund. Actual returns will differ and may be negative. Net of the 0.3% management fee, the expected return is 6.7%.

Can the return be negative?

Yes. High yield credit returns come from coupon income, interest rate movement, and credit spread movement. When rate and spread losses exceed coupon income, the annual return is negative. The underlying fund recorded negative annual returns in 2018 and 2022.

How liquid is it? Is there a lock-up?

No lock-up. Redemptions settle T+3 to T+6. The vault operates on Luxembourg business days.

What are the fees and the minimum?

A 0.3% annual management fee. No performance fee, no subscription fee, no standard redemption fee. Minimum subscription 1 USDC.

Is this a deposit?

No. pRNH Vault is not a deposit, is not capital protected, and is not covered by any deposit insurance scheme.