| 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 | 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 | ||
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GIPS Compliant Composite Performance Presentations
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