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 (USD)	India-focused CE Funds*
USD, Inception: April 2011
Trailing 1 Year	0%	-3%	-7%	-7%	-10%	0%	-13%
Trailing 3 Years	77%	18%	21%	46%	42%	6%	-15%
Trailing 5 Years	142%	73%	85%	129%	169%	34%	4%
Since Inception TR	226%	159%	183%	261%	225%	85%	15%
Trailing 3-year Ann.	21%	6%	7%	14%	12%	2%	-5%
Since Inception Ann.	9%	7%	8%	10%	9%	3%	1%
Sharpe Ratio from Inception	0.36	0.30	0.33	0.40	0.35	0.17	0.01
Calmar Ratio (5-yr/3%)	0.24	-0.26	0.38	0.31	0.33	-0.05	-0.05
Calmar Ratio (Since Inception/3%)	0.08	-0.12	0.18	0.14	0.10	0.06	-0.05

Note: *All figures are until end of February 2025; 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 5 positions as % of book	80%	Materials (3)	59%
Avg. weighted market cap of book (million)	941	Consumer Discretionary (6)	19%
Avg. weighted free float of book	52%	Financials(2)	12%
Net Exposure	99%	Industrials(1)	8%
# of positions	13	IT(1)	1%
GIPS Compliant Composite Performance Presentations     |   GIPS Verification Letter