DRAFT
Fund Review
DAFM Digital Income Fund (Bitcoin Index Class)
Performance as at Jul 2026
Digital Asset Funds Management (DAFM) is based in Sydney and focuses on the Digital Asset markets, operating as a Corporate Authorised Representative of Quay Wholesale Fund Services. DAFM's team leverages extensive experience from traditional markets for digital investments. Founders and directors Clint Maddock and Mike Gilbert also lead Ark International Group. Key staff include Lissete Piedrahita as Chief Operating & Financial Officer, Adam Clench as Head of Technology, and Tristan Durow as Head of Digital Asset Trading.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | -52.38% | 26.70% | 10.90% | N/A | 4.28% |
| Peer Group1 | -32.98% | 16.11% | 8.56% | N/A | 7.03% | |
| Index2 | -52.46% | 15.30% | 1.15% | N/A | -5.02% | |
| Volatility | Fund | 38.09% | 54.45% | 55.75% | N/A | 57.73% |
| Peer Group1 | 18.45% | 29.10% | 32.20% | N/A | 32.19% | |
| Index2 | 32.41% | 54.05% | 59.34% | N/A | 59.75% | |
| 1Digital Assets, 2S&P Cryptocurrency Broad Digital Market Index, 3Annualised, 4May 2021 | ||||||
Strategy Description
The fund aims to generate profits by investing in established cryptocurrencies, identifying emerging opportunities, and leveraging low-risk arbitrage between exchanges and digital assets. It comprises the Digital Income Class targeting arbitrage opportunities, the Digital Index Class reflecting a basket of digital assets, and the Bitcoin Index Class focused on Bitcoin performance. The fund may use leverage through borrowing or derivatives and applies a currency hedging policy to manage exposure to US dollar-denominated assets. The investment management team focuses on securing the fund's digital assets while keeping maintenance costs minimal.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | N/A | Status: | Open |
| Peer Group: | Digital Assets | Inception Date: | May 2021 |
| Strategy: | Digital Assets | Style: | N/A |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | N/A |
| Fund Size: | AU$ 1.58m | Manager FUM: | AU$ 100.78m |
| Applications: | Monthly, Initial: AU$ 100,000 | Redemptions: | Monthly |
| Management Fee: | 2.00% (PG avg: 1.79%) | Performance Fee: | N/A (PG avg: 17.69%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.20%/0.20%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | N/A |
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DAFM Digital Income Fund (Bitcoin Index Class)
Performance vs Digital Assets and S&P Cryptocurrency Broad Digital Market Index
Since inception in May 2021, the Fund has returned 4.28% p.a. vs the Peer Group's return over the same period of 7.03%. Over the past 12 months, the Fund has returned -52.38% vs the Peer Group's -32.98%. For the 3 and 5 year periods, the Fund has returned 26.7% and 10.9% respectively vs the Peer Group's returns of 16.11% and 8.56% respectively. The Fund's returns have been delivered with a volatility of 57.73% p.a. vs the Peer Group's 32.19%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.87 | -25.40 | 8.48 | 9.02 | -3.95 | -19.55 | 7.32 | NA | NA | NA | NA | NA | -33.33 |
| 2025 | 8.81 | -17.16 | -2.95 | 12.75 | 10.42 | 0.71 | 7.15 | -8.84 | 4.95 | -3.47 | -17.69 | -6.03 | -16.05 |
| 2024 | 5.11 | 50.22 | 14.38 | -15.35 | 10.50 | -11.81 | 10.14 | -12.29 | 6.21 | 16.58 | 44.12 | 1.07 | 159.56 |
| 2023 | 30.49 | 5.19 | 20.51 | 4.44 | -5.54 | 8.70 | -4.51 | -7.20 | 3.98 | 29.20 | 4.55 | 7.41 | 137.16 |
| 2022 | -14.39 | 5.41 | 7.02 | -10.71 | -17.37 | -34.73 | 22.04 | -12.14 | 2.65 | 4.69 | -18.94 | -2.80 | -57.78 |
| 2021 | NA | NA | NA | NA | -37.37 | -2.55 | 21.69 | 14.98 | -5.71 | 37.73 | -3.23 | -20.19 | -14.34 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | -52.38% | 26.70% | 10.90% | N/A | 4.28% |
| Peer Group | -32.98% | 16.11% | 8.56% | N/A | 7.03% | |
| Index2 | -52.46% | 15.30% | 1.15% | N/A | -5.02% | |
| Volatility | Fund | 38.09% | 54.45% | 55.75% | N/A | 57.73% |
| Peer Group | 18.45% | 29.10% | 32.20% | N/A | 32.19% | |
| Index | 32.41% | 54.05% | 59.34% | N/A | 59.75% | |
| Sharpe | Fund | -1.78 | 0.61 | 0.40 | N/A | 0.31 |
| Peer Group | -2.25 | 0.52 | 0.32 | N/A | 0.28 | |
| Index | -2.17 | 0.44 | 0.26 | N/A | 0.16 | |
| Sortino | Fund | -1.88 | 0.68 | 0.22 | N/A | 0.03 |
| Peer Group | -2.01 | 0.66 | 0.25 | N/A | 0.19 | |
| Index | -2.05 | 0.33 | -0.05 | N/A | -0.21 | |
| Largest Drawdown | Fund | -53.61% | -55.62% | -67.39% | N/A | -67.39% |
| Peer Group | -34.72% | -34.76% | -48.59% | N/A | -48.59% | |
| Index | -54.09% | -54.66% | -74.10% | N/A | -74.10% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
DAFM Digital Income Fund (Bitcoin Index Class) - Annualised Return vs. Standard Deviation
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DAFM Digital Income Fund (Bitcoin Index Class)
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Digital Asset Funds Management |
| Custodian: | Fireblocks Ltd |
| Administrator: | ASCENT Fund Services (Singapore) |
| Auditor: | BDO Australia |
| Legal: | Baker McKenzie |
| Prime Broker: | N/A |
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
Chief Operating & Financial Officer
Years in industry: 28, Years at Firm: 5
Adam Clench
Head of Technology
Years in industry: 19, Years at Firm: 12
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
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
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.