| 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 | -11% | 11% | 10% | 7% | 6% | 4% | 8% | |
| Trailing 3 Year | -20% | 38% | 32% | 18% | 10% | 14% | 16% | |
| Trailing 5 Year | -14% | 25% | 27% | 31% | 17% | 23% | 5% | |
| Since inception TR | 51% | 61% | 65% | 68% | 30% | 45% | 19% | |
| Since inception Ann. | 5% | 6% | 6% | 6% | 3% | 4% | 2% | |
| Sharpe Ratio from Inception | 0.18 | 0.22 | 0.24 | 0.24 | 0.12 | 0.16 | 0.05 | |
| Calmar Ratio (5-yr/3%) | -0.13 | 0.05 | 0.07 | 0.08 | 0.00 | 0.08 | -0.07 | |
| Calmar Ratio (Since Inception/3%) | 0.04 | 0.09 | 0.11 | 0.10 | 0.00 | 0.09 | -0.04 | |
Note: *All figures are until end of January 2020; on Exhibit 1b the relative return differential is vs. S&P BSE 500 Total Return (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 | 13% | Materials (4) | 32% |
| Smallest position as % of book | 1% | Consumer Discretionary (8) | 30% |
| Top 5 positions as % of book | 49% | Financials(2) | 15% |
| Avg. weighted market cap of book (million) | $921 | Industrials(2) | 11% |
| Avg. weighted free float of book | 52% | Healthcare(3) | 9% |
| Net Exposure | 100% | IT(2) | 4% |
| # of positions | 21 | ||
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GIPS Compliant Composite Performance Presentations
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