VCX

NYSETechnology

Fundrise Innovation Fund

Sponsor: Fundrise · Inception Mar 19, 2026

Market priceShare price

$25.44

+0.24% (+$0.06)

NAVAsset value per share

$38.12

as of Sep 8, 2026 · SEC filing

Premium / discountPrice vs. assets

33.26% discount *

Indicative: latest price vs latest reported NAV

Distribution rate (price)Payout rate

—

regular, annualised · on NAV —

Expense ratioAnnual cost

3.40%

fee table, Sep 9, 2026

LeverageBorrowing

Not reported

senior securities not tagged

Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:46 PM EDTRegular-session prices; extended-hours quotes are not displayed.

Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.

Sponsor & official fund page

The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.

Document	Date	Filed	Form	Source	Status
Sponsor websitelatest	—	—	—	Sponsor	OK (Oct 11, 2026, 12:21 AM EDT)

Prospectus & registration statements

Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.

Document	Date	Filed	Form	Source	Status
Prospectus (Rule 424(b)(2)) — 424B2latest · filing index	Sep 10, 2026	Sep 10, 2026	424B2	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Prospectus (Rule 424(b)(3)) · filing index	Feb 3, 2026	Feb 3, 2026	424B3	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) — 424B3 · filing index	Apr 23, 2025	Apr 23, 2025	424B3	SEC EDGAR	unchecked
Registration statement / prospectus (Form N-2) — INITIAL FILING OF A REGISTRATION STATEMENT · filing index	Jul 29, 2024	Jul 29, 2024	N-2	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) · filing index	Nov 28, 2023	Nov 28, 2023	424B3	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) · filing index	Sep 12, 2023	Sep 12, 2023	424B3	SEC EDGAR	unchecked
Prospectus (Rule 424(b)(3)) · filing index	May 16, 2022	May 16, 2022	424B3	SEC EDGAR	unchecked
Registration statement amendment (Form N-2/A) · filing index	May 10, 2022	May 10, 2022	N-2/A	SEC EDGAR	unchecked

Annual reports (N-CSR)

Financial highlights, statements, notes on leverage and fees, distribution sources.

Document	Date	Filed	Form	Source	Status
Annual shareholder report (Form N-CSR)latest · filing index	Mar 31, 2026	Jun 2, 2026	N-CSR	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Annual shareholder report (Form N-CSR) · filing index	Mar 31, 2025	May 22, 2025	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) · filing index	Mar 31, 2024	May 21, 2024	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) · filing index	Mar 31, 2023	May 26, 2023	N-CSR	SEC EDGAR	unchecked

Semi-annual reports (N-CSRS)

Document	Date	Filed	Form	Source	Status
Semi-annual shareholder report (Form N-CSRS)latest · filing index	Sep 30, 2025	Nov 24, 2025	N-CSRS	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Semi-annual shareholder report (Form N-CSRS) · filing index	Sep 30, 2024	Nov 19, 2024	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) · filing index	Sep 30, 2023	Nov 16, 2023	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index	Sep 30, 2022	Nov 29, 2022	N-CSRS	SEC EDGAR	unchecked

Portfolio holdings (N-PORT)

Monthly portfolio filed quarterly with a ~60-day lag.

Document	Date	Filed	Form	Source	Status
Monthly portfolio holdings (Form N-PORT)latest · filing index	Jun 30, 2026	Aug 28, 2026	NPORT-P	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Monthly portfolio holdings (Form N-PORT) · filing index	Mar 31, 2026	Jun 1, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Dec 31, 2025	Mar 2, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Sep 30, 2025	Nov 24, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Jun 30, 2025	Aug 22, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Mar 31, 2025	May 22, 2025	NPORT-P	SEC EDGAR	unchecked

Tender offers

Schedule TO filings: pricing formula, size, deadlines, proration.

Document	Date	Filed	Form	Source	Status
Issuer tender offer amendment (SC TO-I/A) — SC TO-I/Alatest · filing index	Mar 9, 2026	Mar 9, 2026	SC TO-I/A	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Issuer tender offer statement (SC TO-I) — SC TO-I · filing index	Jan 30, 2026	Jan 30, 2026	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — SC TO-I/A · filing index	Jan 8, 2026	Jan 8, 2026	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — SC TO-I · filing index	Nov 26, 2025	Nov 26, 2025	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — SC TO-I/A · filing index	Oct 8, 2025	Oct 8, 2025	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — SC TO-I · filing index	Aug 22, 2025	Aug 22, 2025	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — AMENDMENT TO FORM SC TO-I · filing index	Jul 9, 2025	Jul 9, 2025	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — ISSUER TENDER OFFER STATEMENT · filing index	May 29, 2025	May 29, 2025	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — AMENDMENT TO FORM SC TO-I · filing index	Apr 9, 2025	Apr 9, 2025	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — ISSUER TENDER OFFER STATEMENT · filing index	Feb 27, 2025	Feb 27, 2025	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — AMENDMENT TO FORM SC TO-I · filing index	Jan 7, 2025	Jan 7, 2025	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — AMENDMENT TO FORM SC TO-I · filing index	Nov 26, 2024	Nov 26, 2024	SC TO-I	SEC EDGAR	unchecked

Proxy statements & reorganisations

Shareholder votes: directors, mergers, liquidations, conversions.

Document	Date	Filed	Form	Source	Status
Proxy statement (DEF 14A) · filing index	Feb 19, 2026	Feb 3, 2026	DEF 14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A)latest · filing index	Feb 17, 2026	Feb 17, 2026	DEFA14A	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Additional proxy materials (DEFA14A) · filing index	Feb 11, 2026	Feb 11, 2026	DEFA14A	SEC EDGAR	unchecked

Current reports (8-K)

Document	Date	Filed	Form	Source	Status
Current report (8-K)latest · filing index	Jul 24, 2026	Jul 27, 2026	8-K	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)

Annual census (N-CEN)

Document	Date	Filed	Form	Source	Status
Annual census report (Form N-CEN)latest · filing index	Mar 31, 2026	Jun 12, 2026	N-CEN	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Annual census report (Form N-CEN) · filing index	Mar 31, 2025	Jun 5, 2025	N-CEN	SEC EDGAR	unchecked
Annual census report (Form N-CEN) · filing index	Mar 31, 2024	Jun 7, 2024	N-CEN	SEC EDGAR	unchecked

Other

Document	Date	Filed	Form	Source	Status
Proxy voting record (N-PX)latest · filing index	Jun 30, 2026	Jul 13, 2026	N-PX	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)
Proxy voting record (N-PX) · filing index	Jun 30, 2025	Jul 28, 2025	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) · filing index	Jun 30, 2024	Aug 14, 2024	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) · filing index	Jun 30, 2023	Aug 28, 2023	N-PX	SEC EDGAR	unchecked
All SEC filings for this fund (EDGAR)latest	—	—	—	SEC EDGAR	OK (Oct 11, 2026, 12:21 AM EDT)

Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.

CEF Explorer research page for Fundrise Innovation Fund, LLC. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.