| 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 | 58% | 25% | 36% | 59% | 58% | 21% | 20% | |
| Trailing 3 Year | 116% | 41% | 53% | 89% | 88% | 6% | -3% | |
| Trailing 5 Year | 135% | 69% | 105% | 172% | 216% | 31% | 17% | |
| Since inception TR | 295% | 192% | 240% | 352% | 311% | 95% | 39% | |
| Since inception Ann. | 11% | 8% | 10% | 12% | 11% | 5% | 3% | |
| Sharpe Ratio from Inception | 0.44 | 0.37 | 0.42 | 0.50 | 0.44 | 0.22 | 0.08 | |
| Calmar Ratio (5-yr/3%) | 0.23 | -0.28 | 0.47 | 0.40 | 0.40 | 0.10 | 0.01 | |
| Calmar Ratio (Since Inception/3%) | 0.11 | -0.17 | 0.25 | 0.19 | 0.15 | 0.08 | -0.01 | |
Note: *All figures are until end of June 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 | 32% | Materials (5) | 63% |
| Smallest position as % of book | 1% | Consumer Discretionary (6) | 19% |
| Top 5 positions as % of book | 72% | Financials(2) | 10% |
| Avg. weighted market cap of book (million) | $1234 | Industrials(2) | 9% |
| Avg. weighted free float of book | 52% | IT(1) | 1% |
| Net Exposure | 101% | ||
| # of positions | 16 | ||
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GIPS Compliant Composite Performance Presentations
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