Exhibit 1a – Since-inception gross performance (USD)
Exhibit 1b – Relative rolling TTM Returns (USD)
Exhibit 2a – Metis India Opportunity Fund’s Gross Performance
 
Metis India Opportunity Fund
Nifty TR
S&P BSE 500 TR
S&P BSE Midcap TR
S&P BSE Smallcap TR
Eurekahedge India
India-focused CE Funds*
USD, Inception: April 2011
Trailing 1 Year 8% 4% 2% -1% -9% -17% -24%
Trailing 3 Year 44% 40% 47% 59% 81% 11% 14%
Trailing 5 Year -5% 47% 44% 34% 35% 9% -1%
Since inception TR 114% 116% 129% 144% 111% 58% 27%
Since inception Ann. 7% 7% 8% 8% 7% 4% 2%
Sharpe Ratio from Inception 0.29 0.29 0.32 0.33 0.27 0.14 0.07
Calmar Ratio (5-yr/3%) -0.06 -0.15 0.17 0.06 0.06 -0.04 -0.08
Calmar Ratio (Since Inception/3%) 0.06 -0.12 0.18 0.11 0.07 0.04 -0.02

Note: *All figures are until end of July 2022; 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 position as % of book 16% Materials (6) 45%
Smallest position as % of book 1% Consumer Discretionary (9) 25%
Top 5 positions as % of book 57% Financials(2) 10%
Avg. weighted market cap of book (million) $653 Industrials(2) 12%
Avg. weighted free float of book 52% Healthcare(2) 1%
Net Exposure 95% IT(2) 2%
# of positions 23    

GIPS Compliant Composite Performance Presentations     |   GIPS Verification Letter