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 56% 28% 39% 64% 66% 26% 27%
Trailing 3 Year 125% 38% 50% 79% 102% 10% -1%
Trailing 5 Year 106% 85% 105% 150% 196% 31% 20%
Since inception TR 231% 167% 205% 286% 258% 83% 32%
Since inception Ann. 10% 8% 9% 11% 10% 5% 2%
Sharpe Ratio from Inception 0.39 0.34 0.38 0.45 0.41 0.19 0.07
Calmar Ratio (5-yr/3%) 0.18 -0.31 0.47 0.35 0.38 0.09 0.02
Calmar Ratio (Since Inception/3%) 0.10 -0.15 0.22 0.17 0.13 0.07 -0.02

Note: *All figures are until end of February 2024; 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 25% Materials (5) 51%
Smallest position as % of book 1% Consumer Discretionary (6) 23%
Top 5 positions as % of book 64% Financials(2) 12%
Avg. weighted market cap of book (million) 927 Industrials(2) 13%
Avg. weighted free float of book 52% IT(1) 1%
Net Exposure 99%
# of positions 16    

GIPS Compliant Composite Performance Presentations     |   GIPS Verification Letter