AAII Mutual Fund Summary Report for ZCSH

Fund Evaluator:

Grayscale Zcash Trust (ZEC) (ZCSH) Follow This Fund
Other
Global Asset Class
Miscellaneous
Fund Group
Digital Assets
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
2.50% F
Expense Ratio
$177 Mil
Assets
Open
Status
na
12b-1 Fee
0.00%
TTM Yield
0.00%
Max Load
na
Portfolio Turnover

Best Performing in Digital Assets Over the Last Year

-44.4% Vest Bitcoin Strategy Mgd Vol Inv (BTCLX)
-48.3% Bitcoin ProFund Investor (BTCFX)
-52.1% Ether ProFund Investor (ETHFX)
Data as of 7/31/2026
14.1% A
1-Mo Return
29.7% A
3-Mo Return
-11.7% A
YTD Return
1090.2% A
1-Yr Return
142.0% A
3-Yr Return
30.5% A
5-Yr Return
2.79 F
Category Risk Index
20.36
Total Risk Index

Fund Details

Fund Family
Grayscale

Inception Date
10/24/2017

Share Class Type

Equity Investment Style
na

Bond Investment Style
na

Socially Responsible Fund
No

Index Fund
Yes

Benchmark Index
ZCASH TOKEN USD: 100%

Additional Fund Details


Grayscale Zcash Trust (ZEC) Overview


ZCSH Trailing NAV Total Returns Data as of 7/31/26

Last
Month
Last
Quarter
Ann'l.
1Yr
Ann'l.
3Yr
Ann'l.
5Yr
Ann'l.
10Yr
ZCSH Return (NAV) 14.1% 29.7% 1090.2% 142.0% 30.5% na
ZCSH Grade A A A A A na
+/- Category 5.3% 48.8% 1136.8% 122.0% 27.2% na
Digital Assets Avg 8.9% -19.1% -46.7% 20.0% 3.4% na
ZCSH Tax Cost Ratio na na 0.0% 0.0% 0.0% na

ZCSH Annual NAV Total ReturnsData as of 7/31/26

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
ZCSH Return (NAV) -11.7% 782.8% 92.5% -26.1% -76.0% 136.4% 120.8% -52.7% -88.7% na na
ZCSH Grade A A B F D B D F F na na
+/- Category 17.6% 795.6% -5.6% -135.6% -21.9% na na na na na na
Digital Assets Avg -29.3% -12.7% 98.1% 109.5% -54.1% na na na na na na
Risk Measures
Standard Deviation: 249.7%
Total Risk Index: 20.36 - High
Category Risk Index: 2.79 - High
Category Risk Grade: F (100% Rank)
Beta: na
R-Squared: na
Leveraged Fund: No
Inverse Fund: No
Portfolio Characteristics
Equity Investment Style: na
Bond Investment Style: na
Yield: 0.0%
Dividend Distribution: Annually
Cap Gains Distribution:
Total Assets: $177 Mil
Fund Total Assets: $ 177 Mil
Share Class Type:
Portfolio Turnover: na

Management Team

Number of Managers: 1
Longest Tenure: 8.8 years
Average Tenure: 8.8 years
Managers (Year): Team Management (2017)

Portfolio Composition (as of 7/31/26)

# of Holdings: 1
% in Top 10 Holdings: 100.0%
Fund is Non-Diversified: No
% in Foreign Issues: 0.0%
 

Portfolio Allocation

Domestic Stock: 0.0%
Foreign Stock: 0.0%
Preferred Stock: 0.0%
Domestic Bond: 0.0%
Foreign Bond: 0.0%
Convertible Bond: 0.0%
Other: 100.0%
Cash: 0.0%

Purchase Information

Fund Family: Grayscale
Phone Number: 212-668-1427
Website:
Status: Open
Inception Date: October 24, 2017
Min. Initial Purchase: $ 0
Min. Initial IRA Purchase: $ 0
True No-Load: Yes
Front Load Maximum: 0.00%
Deferred Charge Maximum: 0.00%
Redemption Charge Maximum: 0.00%
12b-1 Fee: na

Expenses and Fees

Expense Ratio (%): 2.50% ( Rating : High )
Category Average Expense Ratio (%): 1.17%
Share Class: Grayscale Zcash Trust (ZEC)
Min. Subsequent Purchase: $ 0
Min. Subsequent IRA Purchase: $ 0
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