| 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 | 5% | 0 | -3% | -1% | -5% | -9% | -17% | |
| Trailing 3 Year | 161% | 74% | 92% | 102% | 145% | 27% | 21% | |
| Trailing 5 Year | -1% | 46% | 40% | 29% | 34% | 0% | -18% | |
| Since inception TR | 128% | 120% | 133% | 152% | 131% | 53% | 7% | |
| Since inception Ann. | 7% | 7% | 7% | 8% | 7% | 4% | 1% | |
| Sharpe Ratio from Inception | 0.29 | 0.28 | 0.30 | 0.32 | 0.29 | 0.11 | 0.00 | |
| Calmar Ratio (5-yr/3%) | -0.05 | -0.15 | 0.23 | 0.16 | 0.10 | -0.10 | -0.23 | |
| Calmar Ratio (Since Inception/3%) | 0.06 | -0.12 | 0.16 | 0.10 | 0.07 | 0.02 | -0.06 | |
Note: *All figures are until end of April 2023; 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 | 15% | Materials (6) | 49% |
| Smallest position as % of book | 1% | Consumer Discretionary (7) | 24% |
| Top 5 positions as % of book | 59% | Financials(2) | 14% |
| Avg. weighted market cap of book (million) | 905 | Industrials(2) | 11% |
| Avg. weighted free float of book | 52% | Healthcare(1) | 1% |
| Net Exposure | 101% | IT(2) | 2% |
| # of positions | 20 | ||
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GIPS Compliant Composite Performance Presentations
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