

| Fund Type: | Single | Discretionary/Quantitative: | Quantitative |
| Strategy: | Digital Assets | FUM (millions): | AU$51.7m |
| Style: | N/A | Fund Inception Date: | Since 01 May 2021 |
| Geographic Mandate: | Global | Latest Return Date: | April 2026 |
| Fund Domicile: | Australia | Investor Type: | Wholesale |
| Status: | Open | Reporting Status: | Pending |
| Manager: | Digital Asset Funds Management Pty Ltd | Total FUM for all funds: | AU$59.8m |
|
Manager Overview:
Digital Asset Funds Management (DAFM) is a Sydney based investment manager specialising in Digital Asset (Cryptocurrency) markets. DAFM is a Corporate Authorised Representative (Registration No. 001285765) of Quay Wholesale Fund Services Pty Ltd (AFSL 528526). DAFM has a team of twenty five financial market and software development professionals who have decades of experience successfully trading traditional financial markets. The investment team utilise best practices from their collective experience in the highly competitive traditional markets, and apply these to the nascent digital markets. The directors and founders of DAFM are Clint Maddock and Mike Gilbert, who are also the founders and directors of Ark International Group (AIG), an Australian owned and based proprietary trading company established in 2012. |
Fund/Strategy Overview:
The investment objective of the Fund is to generate profits by making investments, directly or indirectly, in established cryptocurrencies as well as by identifying emerging opportunities in cryptocurrencies and low risk arbitrage opportunities. The Fund offers a choice of three investment classes, each of which adopts a different investment strategy: - The Digital Income Class identifies the highest yields and trades low risk arbitrage opportunities between different exchanges and a number of digital assets; - The Digital Index Class tracks the performance of a basket of digital assets; - The Bitcoin Index Class tracks the performance of Bitcoin. Digital Income Class: This class appeals to investors seeking an active exposure to the digital asset markets with no directional bias. The Digital Income Class employs a high frequency inspired Market Neutral strategy trading 24/7 which uses a systematic approach designed to offer uncorrelated returns to the underlying highly volatile cryptocurrency markets. The strategy systematically exploits low-risk arbitrage opportunities across the most liquid and active digital asset markets on the most respected exchanges. When appropriate the Fund may obtain leverage, including through borrowing cash, securities and other instruments, and entering into derivative transactions and repurchase agreements. DAFM has a currency hedging policy in place for the Units in the Fund. Units in the Fund will be hedged against exposure to assets denominated in US dollars through a trading account with spot, forwards and options as directed by DAFM. |
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| Other funds operated by manager: | |||
| DAFM Digital Income Fund (Bitcoin Index Class) | |||
| Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
| AU$100,000 | AU$10,000 | Monthly | |
| Regular Savings Option: | Regular Savings Min. Amount: |
Regular Savings Max. Amount: |
Regular Savings Freq.: |
| No | N/A | ||
| Redemption Notice: | Redemption Frequency: | Notes: | |
| 15 Days | Monthly |
||
| Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
| Yes | Quarterly | AU$ |
| Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
| Onshore | Unit Trust | AU$ | Quay Wholesale Fund Services |
| Administrator: | Prime Broker: | Custodian: | Legal: |
| ASCENT Fund Services (Singapore) | FalconX | Fireblocks Ltd | Baker McKenzie |
| Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
| 2% | 25% | Yes | RBA Cash Rate |
| Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
| % | % | No | Redemption notice period of 15 days&... |
| Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
| April 2026 | 0.01% | 01 May 2021 | 20.31% |
| Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
| 0.30% | 1.04% | 7.60% | 14.38% |
| Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
| 16.52% | 12.77% | 20.31% | N/A |
| % Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
| 98.33% | 1.62% | 1.71% | -4.14% |
| Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
| 28.17% | -4.14% | 454.66% | 0.00% |
| Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
| -4.14% | 5 months | 0.00% | N/A |
| Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
| 13.30% | 1.98% | 7.93 | - |
| Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
| 1.31 | 1.94 | 1.23 | 1.23 |
| Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate | |||
AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of DAFM Digital Income Fund (Digital Income Class) compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.
As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.
| FundMonitors FACTORS: | Approved, July 2022 |
Historical Performance (all figures shown here are net of fees unless otherwise stated)
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18 | 0.14 | 0.15 | 0.01 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | 0.48 |
| 2025 | 2.19 | 2.86 | 0.89 | 0.95 | 0.04 | 0.22 | 1.66 | 1.21 | 0.49 | 2.72 | 0.47 | 0.08 | 14.64 |
| 2024 | 3.41 | 0.90 | 1.06 | 9.38 | 0.12 | 1.69 | 2.67 | 2.57 | 0.40 | 0.26 | 1.14 | 4.05 | 30.99 |
| 2023 | 1.05 | 0.54 | 0.71 | 0.90 | 0.11 | 0.23 | 0.44 | 1.42 | 0.37 | 0.97 | 0.06 | 1.16 | 8.24 |
| 2022 | 0.23 | 0.38 | 0.53 | 0.28 | 0.35 | 1.03 | 0.19 | 0.15 | 0.08 | 0.35 | -4.14 | 1.10 | 0.42 |
| 2021 | N/R | N/R | N/R | N/R | 28.17 | 0.83 | 2.19 | 2.62 | 2.86 | 1.85 | 3.72 | 4.36 | 53.67 |
Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)
| Year | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | Jan % | Feb % | Mar % | Apr % | May % | Jun % | FYTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025/2026 | 1.66 | 1.21 | 0.49 | 2.72 | 0.47 | 0.08 | 0.18 | 0.14 | 0.15 | 0.01 | N/A | N/A | 7.32 |
| 2024/2025 | 2.67 | 2.57 | 0.40 | 0.26 | 1.14 | 4.05 | 2.19 | 2.86 | 0.89 | 0.95 | 0.04 | 0.22 | 19.73 |
| 2023/2024 | 0.44 | 1.42 | 0.37 | 0.97 | 0.06 | 1.16 | 3.41 | 0.90 | 1.06 | 9.38 | 0.12 | 1.69 | 22.71 |
| 2022/2023 | 0.19 | 0.15 | 0.08 | 0.35 | -4.14 | 1.10 | 1.05 | 0.54 | 0.71 | 0.90 | 0.11 | 0.23 | 1.17 |
| 2021/2022 | 2.19 | 2.62 | 2.86 | 1.85 | 3.72 | 4.36 | 0.23 | 0.38 | 0.53 | 0.28 | 0.35 | 1.03 | 22.27 |
| 2020/2021 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 28.17 | 0.83 | 29.23 |