| Exhibit 2a – Metis India Opportunity Fund’s Gross Performance | ||||||||
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Metis India Opportunity Fund
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Nifty TR
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S&P BSE 500 TR
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S&P BSE Midcap TR
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S&P BSE Smallcap TR
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Eurekahedge India
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India-focused CE Funds*
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| USD, Inception: April 2011 | ||||||||
| Trailing 1 Year | 89% | 53% | 58% | 65% | 90% | 38% | 50% | |
| Trailing 3 Year | 1% | 47% | 47% | 41% | 56% | 31% | 26% | |
| Trailing 5 Year | 6% | 90% | 91% | 74% | 104% | 55% | 42% | |
| Since inception TR | 108% | 130% | 144% | 158% | 137% | 96% | 57% | |
| Since inception Ann. | 7% | 8% | 9% | 10% | 9% | 7% | 4% | |
| Sharpe Ratio from Inception | 0.30 | 0.35 | 0.37 | 0.38 | 0.34 | 0.31 | 0.18 | |
| Calmar Ratio (5-yr/3%) | -0.03 | -0.33 | 0.40 | 0.18 | 0.22 | 0.23 | 0.10 | |
| Calmar Ratio (Since Inception/3%) | 0.06 | -0.16 | 0.22 | 0.13 | 0.10 | 0.13 | 0.03 | |
Note: *All figures are until end of August 2021; 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 | 12% | Materials (4) | 37% |
| Smallest position as % of book | 1% | Consumer Discretionary (9) | 31% |
| Top 5 positions as % of book | 54% | Financials(2) | 10% |
| Avg. weighted market cap of book (million) | $702 | Industrials(2) | 12% |
| Avg. weighted free float of book | 52% | Healthcare(2) | 3% |
| Net Exposure | 97% | IT(2) | 4% |
| # of positions | 21 | ||
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GIPS Compliant Composite Performance Presentations
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