Crypto Arbitrage Fund 08 2021 - Holdun

HOLDUN CRYPTO ARBITRAGE FUND

performance as at August 2021
PRO FORMA AND ACTUAL MONTHLY RETURNS SINCE INCEPTION OF THE STRATEGY
(NET RETURN TO INVESTORS – USD CLASS A)*
January February March April May June July August September October November December Full Year
2017 1.84% 3.17% 3.83% 4.88% 13.13% 38.46% 13.89% 11.55% 7.43% 4.88% 156.55%
2018 7.01% 4.98% 3.80% 7.71% 2.47% 3.80% 2.52% 4.57% 0.02% 0.67% 0.37% 0.79% 45.88%
2019 0.23% 0.72% 5.40% 0.06% 0.39% 0.74% 1.32% 0.60% 3.00% 2.76% 3.55% 3.99% 25.07%
2020 4.80% 4.55% 3.07% 3.69% 3.68% -0.81% 3.34% 2.62% 1.86% 2.98% 2.23% 3.51% 41.75%
2021 1.99% 2.71% 1.91% 5.36% 0.12% -2.90% -1.56% 3.59% -1.43 9.91%

*Performance isshown net of feesfor Class A (2% management, 30%performance) and iscalculated byindependent calculating agent GENTWO AG since January 1st 2020 for the Lemvi Crypto AMC. Since inception of the Fund on May 1st 2020, the calculation is made by Vistra Alternative Investments, a top tier fund administrator. The track record shown before 2020 is based on the performance of a personal account and different managed accounts net of fees equal to Class A. It relies on exchanges, personal and company data. Specific constrains of each account, size, risk budget, market fluctuations and currency moves can cause some substantial differences between accounts. Past performance will not necessarily be repeated and is not indicative of future results. The investments discussed may fluctuate in value, and investors may not get back the amount invested and even experience total loss of their subscription.

HOLDUN