DRAFT
Fund Review
DAFM Digital Income Fund (Digital Income Class)
Performance as at Apr 2026
Digital Asset Funds Management (DAFM), located in Sydney, specialises in digital asset markets and is a Corporate Authorised Representative of Quay Wholesale Fund Services Pty Ltd. Founded by Clint Maddock and Mike Gilbert, who are also behind Ark International Group, DAFM employs 25 professionals with financial and software development expertise. Clint Maddock, Mike Gilbert, Lissete Piedrahita, Adam Clench, and Tristan Durow hold key management positions, contributing vast experience across different domains.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 7.60% | 16.52% | 20.31% | N/A | 20.31% |
| Peer Group1 | 13.12% | 8.85% | 8.36% | N/A | 8.36% | |
| Index2 | 6.79% | 7.09% | 5.94% | N/A | 5.94% | |
| Volatility | Fund | 2.77% | 5.97% | 13.30% | N/A | 13.30% |
| Peer Group1 | 3.57% | 3.01% | 3.56% | N/A | 3.56% | |
| Index2 | 0.06% | 0.08% | 0.46% | N/A | 0.46% | |
| 1Alternatives, 2RBA Cash Rate + 3%, 3Annualised, 4May 2021 | ||||||
Strategy Description
The fund aims to generate profits by investing in established cryptocurrencies and identifying emerging opportunities and low-risk arbitrage. It offers three investment classes: Digital Income, which uses a market-neutral strategy for active exposure without directional bias and exploits low-risk arbitrage opportunities; Digital Index, which tracks a basket of digital assets; and Bitcoin Index, which tracks Bitcoin performance. The fund operates 24/7 using a systematic approach and may use leverage. A currency hedging policy is in place to manage exposure to US dollar-denominated assets, employing spot, forwards, and options through a trading account as directed by DAFM.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | QWF8508AU | Status: | Open |
| Peer Group: | Alternatives | Inception Date: | May 2021 |
| Strategy: | Digital Assets | Style: | N/A |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Quarterly |
| Fund Size: | AU$ 51.7m | Manager FUM: | AU$ 59.8m |
| Applications: | Monthly, Initial: AU$ 100,000 | Redemptions: | Monthly |
| Management Fee: | 2.00% (PG avg: 1.36%) | Performance Fee: | 25.00% (PG avg: 14.91%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.36%/0.11%) | Hurdle: | RBA Cash Rate |
| Early Redemption Fee | No | High Water Mark: | Yes |
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DAFM Digital Income Fund (Digital Income Class)
Performance vs Alternatives and RBA Cash Rate + 3%
Since inception in May 2021, the Fund has returned 20.31% p.a. vs the Peer Group's return over the same period of 8.36%. Over the past 12 months, the Fund has returned 7.6% vs the Peer Group's 13.12%. For the 3 and 5 year periods, the Fund has returned 16.52% and 20.31% respectively vs the Peer Group's returns of 8.85% and 8.36% respectively. The Fund's returns have been delivered with a volatility of 13.3% p.a. vs the Peer Group's 3.56%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18 | 0.14 | 0.15 | 0.01 | NA | NA | NA | NA | NA | NA | NA | NA | 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 | NA | NA | NA | NA | 28.17 | 0.83 | 2.19 | 2.62 | 2.86 | 1.85 | 3.72 | 4.36 | 53.67 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 7.60% | 16.52% | 20.31% | N/A | 20.31% |
| Peer Group | 13.12% | 8.85% | 8.36% | N/A | 8.36% | |
| Index2 | 6.79% | 7.09% | 5.94% | N/A | 5.94% | |
| Volatility | Fund | 2.77% | 5.97% | 13.30% | N/A | 13.30% |
| Peer Group | 3.57% | 3.01% | 3.56% | N/A | 3.56% | |
| Index | 0.06% | 0.08% | 0.46% | N/A | 0.46% | |
| Sharpe | Fund | 1.31 | 1.94 | 1.23 | N/A | 1.23 |
| Peer Group | 2.43 | 1.50 | 1.45 | N/A | 1.45 | |
| Index | 1,725.96 | 1,425.49 | 234.73 | N/A | 234.73 | |
| Sortino | Fund | 6.33 | 27.05 | 7.93 | N/A | 7.93 |
| Peer Group | 4.25 | 2.84 | 2.99 | N/A | 2.99 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | 0.00% | -4.14% | N/A | -4.14% |
| Peer Group | -1.71% | -1.71% | -2.72% | N/A | -2.72% | |
| Index | 0.00% | 0.00% | 0.00% | N/A | 0.00% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Digital Income Fund (Digital Income Class) - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
DAFM Digital Income Fund (Digital Income Class)
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Quay Wholesale Fund Services |
| Custodian: | Fireblocks Ltd |
| Administrator: | ASCENT Fund Services (Singapore) |
| Auditor: | BDO Australia |
| Legal: | Baker McKenzie |
| Prime Broker: | FalconX |
Available on Investment Platforms
OLIVIA123
Key Staff
Clint Maddock
Founder and Director
Years in industry: 24, Years at Firm: 15
Mike Gilbert
Founder and Director
Years in industry: 35, Years at Firm: 15
Lissete Piedrahita
Head of Operations
Years in industry: 28, Years at Firm: 4
Tristan Durow
Head of Digital Asset Trading
Years in industry: 24, Years at Firm: 15
Adam Clench
Head of Technology
Years in industry: 18, Years at Firm: 11
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.