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Accredited Investors Only
Financewise DeFi Crypto Index Fund
The Financewise DeFi Crypto Index Fund is a simple and secure way to gain diversified exposure to one of the fastest-growing segments of the crypto ecosystem. The Fund seeks to track an index of the largest decentralized finance (“DeFi”) crypto assets, a portfolio of protocol tokens that aspire to fundamentally disrupt large parts of the legacy financial ecosystem. Assets are screened and monitored for certain risks, weighted by market capitalization, and rebalanced monthly. The Fund aims to track the Financewise Decentralized Finance Crypto Index, and assets are held in custody with a regulated, third-party custodian.
Returns
As of April 16, 2022 4pm ET
Estimated NAV‡: $3.79
| 1 Month | 3 Months | YTD | 12 Months | Since Inception † |
|
|---|---|---|---|---|---|
| Financewise DeFi Crypto Index Fund* | 10.2% | -38.5% | -41.1% | -70.0% | -62.1% |
| Financewise DeFi Index** | 10.4% | -38.0% | -40.4% | -68.8% | -59.7% |
* Fund returns are calculated net of expenses. Investor units are subject to a 2.5% annual fee that includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
** Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index. Index performance does not include the fees and expenses that are charged by the Fund. Past performance is not indicative of future performance. Please refer to additional important disclosures here.
† Financewise DeFi Crypto Index Fund inception date: February 16, 2021.
†† Estimated NAV as of April 16, 2022 4pm ET; non-GAAP, un-audited.
Fund Holdings*
As of April 16, 2022 4pm ET
Fund Holdings*
As of April 16, 2022 4pm ET
| Name | Weight | Market Cap | Price | Change (24hr) |
|---|---|---|---|---|
 Uniswap |
31.4% | $4,342,866,673 | $9.51 | -1.94% |
 Aave |
17.0% | $2,345,521,847 | $171.74 | -1.08% |
 Maker |
12.3% | $1,706,132,057 | $1,892.95 | -3.64% |
 Loopring |
8.01% | $1,107,613,011 | $0.89 | 0.08% |
 Compound |
6.86% | $950,136,221 | $142.66 | 0.46% |
 Curve |
6.28% | $867,248,431 | $2.21 | 0.02% |
 yearn.finance |
4.91% | $679,656,268 | $19,041.92 | -0.89% |
 SushiSwap |
4.59% | $635,571,885 | $3.30 | 0.49% |
 0x |
4.43% | $612,126,474 | $0.72 | -0.6% |
 Bancor |
4.22% | $582,923,084 | $2.26 | -1.04% |
* After monthly Index rebalances, there may be a delay in portfolio constituent changes being reflected here.
Index
Index
The Financewise Decentralized Finance Crypto Index
Index Rebalance
Monthly, on the last business day of each month
Index Eligibility Criteria
Market cap, trade volume, custody support, exchange availability, security vulnerabilities, exploit history and risks, development community, risk of being deemed security, and more are considered.
Index Advisory Board
Ben Forman, Scott Lewis, Michael Anderson, Aleks Larsen, and Avichal Garg
Key Facts
Minimum Investment
Subscriptions
Weekly, on Tuesday and Thursday
Redemptions
Weekly, on Wednesdays*
Asset Class
Cryptocurrency
Investor Qualifications
Accredited U.S. investors only
* Requires a two-day notice period.
Fees and Expenses
Expense Ratio
Performance Fee
0%
* Expense Ratio includes the management fee, custody charges for holding the fund’s assets charged by the custodian, and customary fees and expenses of the fund administrator and auditor.
Details
Attorney
Wilson Sonsini Goodrich & Rosati
Administrator
Theorem Fund Services
Audit
WithumSmith+Brown, PC
Tax
Cohen & Company
Custodian
Anchorage Digital Bank
Sponsor
Financewise Investment Advisers
Offer Summary
Ownership units offered under Regulation D / 506 (c)
Taxation
The fund intends to be treated as a pass-through partnership for tax purposes. K-1s are prepared for investors.
Contributions
U.S. bank wires