| 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* |
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| USD, Inception: April 2011 | ||||||||
| Trailing 1 year | -6% | -8% | -3% | 5% | 3% | 9% | -14% | |
| Trailing 3 years | 29% | 12% | 23% | 41% | 36% | 30% | -9% | |
| Trailing 5 years | 77% | 14% | 30% | 74% | 65% | 9% | -32% | |
| Since Inception TR | 285% | 166% | 218% | 469% | 318% | 113% | 18% | |
| Trailing 3-year Ann. | 9% | 4% | 7% | 12% | 11% | 9% | -3% | |
| Since Inception Ann. | 9% | 7% | 8% | 12% | 10% | 5% | 1% | |
| Sharpe Ratio from Inception | 0.35 | 0.27 | 0.33 | 0.49 | 0.38 | 0.21 | 0.02 | |
| Calmar Ratio (5-yr/3%) | 0.13 | 0.01 | 0.09 | 0.19 | 0.12 | -0.04 | -0.25 | |
| Calmar Ratio (Since Inception/3%) | 0.08 | -0.11 | 0.18 | 0.19 | 0.11 | 0.08 | -0.04 | |
Note: *All figures are until end of August 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 | 83% | Materials (3) | 55% |
| Avg. weighted market cap of book (million) | $1162 | Consumer Discretionary (6) | 17% |
| Avg. weighted free float of book | 52% | Financials(2) | 13% |
| Net Exposure | 100% | Industrials(1) | 13% |
| # of positions | 13 | IT(1) | 1% |
|
GIPS Compliant Composite Performance Presentations |
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