IDA Private Access Fund (ONEFX) | Account Opening Documents

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM IDAONEFUND.COM OR FROM CALLING TOLL FREE 833 484 5671. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.

IMPORTANT RISK INFORMATION

The shares have no history of public trading, nor is it intended that the shares will be listed on a public exchange at this time. No secondary market is expected to develop for the Fund’s shares, liquidity for the Fund’s shares will be provided only through quarterly repurchase offers for no less than 5% of Fund’s shares at net asset value, and there is no guarantee that an investor will be able to sell all the shares that the investor desires to sell in the repurchase offer. Due to these restrictions, an investor should consider an investment in the Fund to be of limited liquidity. Investing in the Fund’s shares may be speculative and involves a high degree of risk, including the risks associated with leverage. The Fund is not obligated to raise any specific amount of capital prior to commencing operations. As a non-diversified fund, the Fund may invest more than 5% of its total assets in the securities of one or more issuers. The Fund is a closed-end investment company structured as an “interval fund” and designed for long-term investors. Because the Fund allocates its investments among different asset classes, the Fund is subject to correlation risk. The repurchase of shares by the Fund may be a taxable event to shareholders. The Fund and its affiliates and third-party service providers are subject to cybersecurity risks. Investing in underlying investment companies, including money market funds and ETFs, exposes the Fund to the investment performance (positive or negative) and risks of the investment companies. ETFs are subject to additional risks, including the risk that an ETF’s shares may trade at a market price that is above or below its NAV. The Fund will indirectly bear a portion of the fees and expenses of the underlying fund in which it invests, which are in addition to the Fund’s own direct fees and expensing investment companies, including money market funds and ETFs, exposes the Fund to the investment performance (positive or negative) and risks of the investment companies. The Fund’s investment adviser is Intelligence Driven Advisers, LLC, a registered investment adviser under the Investment Advisers Act of 1940. The Fund’s shares are offered through Ultimus Fund Distributors, LLC. (The Distributor"). IDA Wealth and the Distributor are unaffiliated.

Private Equity – Investments in private companies not traded on public exchanges, typically held for long-term growth.
Alternative Investments – Assets outside traditional stocks and bonds, such as private equity, private credit, real estate, and infrastructure.
Evergreen Structure – A fund with no set end date that continually offers shares and reinvests proceeds.
Accredited Investor – An investor who meets SEC income or net worth requirements (e.g., $200,000 annual income or $1 million net worth, excluding primary residence).
Closed-End Fund – A fund with a fixed number of shares that are not redeemable daily, unlike mutual funds.
Endowment – A permanent investment fund established by institutions like universities or foundations to provide a stable, long-term source of income for specific purposes.
The 60/40 Portfolio – A portfolio invested 60% in the S&P 500 and 40% in the Bloomberg Aggregate.

The IDA Private Access Fund is distributed by Ultimus Fund Distributors, LLC, Member FINRA/SIPC. Intelligence Driven Advisers, LLC is not affiliated with Ultimus Fund Distributors, LLC.