| Exhibit 2a – Metis India Opportunity Fund’s Gross Performance (USD) | |||||||
| Metis India Opportunity Fund | Nifty TR | NSE 500 TR | NSE Midcap150 TR | NSE Smallcap250 TR | Eurekahedge India (USD) | India-focused CE Funds* | |
| USD, Inception: April 2011 | |||||||
| Trailing 1 year | -10% | -14% | -11% | -6% | -9% | 12% | -22% |
| Trailing 3 years | 45% | 12% | 25% | 50% | 48% | 34% | -10% |
| Trailing 5 years | 99% | 27% | 41% | 82% | 71% | 17% | -28% |
| Since Inception TR | 263% | 162% | 213% | 464% | 316% | 115% | 17% |
| Trailing 3-year Ann. | 13% | 4% | 8% | 14% | 14% | 10% | -4% |
| Since Inception Ann. | 9% | 7% | 8% | 12% | 10% | 5% | 1% |
| Sharpe Ratio from Inception | 0.35 | 0.27 | 0.33 | 0.49 | 0.38 | 0.22 | 0.02 |
| Calmar Ratio (5-yr/3%) | 0.17 | -0.06 | 0.15 | 0.21 | 0.14 | 0.01 | -0.22 |
| Calmar Ratio (Since Inception/3%) | 0.08 | -0.11 | 0.18 | 0.19 | 0.11 | 0.08 | -0.05 |
Note: *All figures are until end of June 2026; on Exhibit 1b the relative return differential is vs. S&P BSE 500 TR (USD) index. On Exhibit 2a risk-free rate of 3% was assumed for calculating Sharpe Ratio. Metis India Opportunity Fund’s (MIOF), which went live on March 11, 2014, track record was a live converted blend of our running onshore strategies (hedged at then prevailing premiums, along with benchmark indices) till March 31, 2014; India-focused close-ended funds are actively managed in US; contact manager for INR track record and GIPS compliant presentations/independent verification letter. Sources: S&P Dow Jones, Eurekahedge, Internal
Sources: S&P Dow Jones, Eurekahedge, Internal
| Exhibit 2b- Portfolio Snapshot | Exhibit 2c – GICS Sectors (# holdings) | ||
| Top 5 positions as % of book | 86% | Materials (3) | 58% |
| Avg. weighted market cap of book (million) | $1007 | Consumer Discretionary (6) | 16% |
| Avg. weighted free float of book | 52% | Financials(2) | 12% |
| Net Exposure | 100% | Industrials(1) | 14% |
| # of positions | 13 | IT(1) | 1% |
|
GIPS Compliant Composite Performance Presentations |
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