Audited Results

Fund performance update: independent audit results for our two funds, CMFDH II and CMFDH I, with the source documents and the monthly return history.

A. CMFDH II Audit (FY2023–FY2025)

The financial statements of Crypto Money Fund Dollar Hedge II for the years ended 31 December 2023, 2024 and 2025 have been audited by Tahseen Rehman & Co., Chartered Accountants, whose unmodified report is dated 27 August 2026. The signed financial statements and the auditor’s report can be downloaded below.

CMFDH II202320242025
Audited net assets at 31 December$620,826$1,230,650$1,149,870
Audited net result for the year+$222,412+$334,336−$17,526

Worst quarter: −13.4% (Q4 2025, net of fees).

Figures for 2026 are unaudited until the next annual audit.

The static pool report of both trading accounts remains available on request.

Audited Financial Statements FY2023–FY2025 (signed, PDF) Independent Auditor’s Report (PDF) Auditor’s Response to Proposed Restatement (PDF) Financial Statements Workbook (Excel)
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B. CMFDH I Audit

The financial statements of Crypto Money Fund Dollar Hedge I, our first fund, for the period 1 July 2019 to 30 September 2022 have been audited by Tahseen Rehman & Co., Chartered Accountants, whose unmodified opinion is dated 20 March 2024.

Value of $1,000,000 invested
CMFDH I · Jun 2019 – Sep 2022 · compared with Bitcoin, S&P 500 and US Treasuries
CMFDH I, net of fees $3.25M CMFDH I, gross $4.84M Bitcoin $1.91M S&P 500 $1.23M US Treasuries $0.95M
$0M $1M $2M $3M $4M $5M $6M 2020 2021 2022 Jun 2019 Sep 2022 $0M $1M $2M $3M $4M $5M $6M 2020 2021 2022 Sep 2022
Values at 30 September 2022. Tap or hover the chart to see each date.

Growth figures come from the fund’s trade-by-trade return history, marked at each settlement date. They are not part of the audited financial statements, which report the fund’s results in US dollars. Past performance does not guarantee future results.

CMFDH I — Complete GAAP Audit (PDF)
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C. Monthly Returns

CMFDH II monthly returns, January 2023 to September 2025.

Monthly return
CMFDH II · Jan 2023 – Sep 2025 · gross of fees
Up monthDown month
-10% 0% 10% 20% 30% 40% 2023 2024 2025 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul -10% 0% 10% 20% 30% 40% 2023 2024 2025 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul
Tap or hover a bar to see the month’s return.

Monthly figures are taken from the Exhibit V monthly balances and returns workbook. They are gross of fees, before audit adjustments, and are not themselves audited. The audited results for FY2023–FY2025 are the annual figures in Section A. Q4 2025 and 2026 are not included.

Download monthly returns (Excel)
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D. 2026 to Date (Preliminary, Unaudited)

Preliminary and unaudited. The figures in this section are not part of the audited financial statements in Sections A and B. 2026 quarterly figures are the manager’s unaudited quarterly accounting; the 2026 audit will follow year-end.

CMFDH II · net of feesQ1 2026Q2 2026Q3 20262026 to date
Quarterly return (US Dollars)−9.6%−8.0%+19.5%−0.5%

Fund value at 30 September 2026: $1,170,256 (unaudited). Returns are net of all fees and time-weighted.

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