Key Performance Indicators of the International Life Settlements Fund

• The background to our ‘conservative valuation model’ and how we manage risk is an essential component in achieving the results that our investors are seeking.

  ILSF adopts a conservative and highly transparent approach from a risk/return perspective, based on various predefined criteria.

  Supplemental Medical Underwriting
  ILSF uses a proprietary analytical tool, in partnership with an independent team of physicians and medical experts, to assist with policy selection. In addition to utilising a minimum of two independent life expectancy reports, the independent medical analysis provides an in-depth review of the medical records and the independent Life Expectancy reports to determine if there is an undervalued opportunity for the fund.

  No maturities within the first 18 months
  Utilises a valuation methodology which reflects the likelihood that there will be no maturities within the first 18 months after policies are purchased and therefore more accurately represents the value and behaviour of policies in the portfolio.

• Two year premium reserve
  Targets a "rolling" two year premium reserve to cover the premium obligation.

  Portfolio composition
  The portfolio composition is based on a diversified portfolio and a low concentration risk on various performance drivers.
  The portfolio is diversified by life insurrance carriers; male vs. female ratio; diversified LE compensition as well as diversification by state. The portfolio has a vast majority of smaller policies as well as a balanced segment of the higher-end of the spectrum.

  Online risk management systems
  ILSF conducts online risk-monitoring of all its risk positions. This provides the Board with the tools to act accordingly.