Estimated NAVs and Performance as of February 28, 2017FebruaryJanuaryYTD 2017NAV2016201512 Months Rolling Return12 Months Rolling VolatilityLiquidityLink
Areca Value Discovery B USD0.83%0.53%1.36%118.12-2.57%2.30%0.57%2.61%Quarterlyhttp://www.ayaltis.com/products/areca-value-discovery
Areca Value Discovery B CHF0.68%0.24%0.92%113.73-4.56%0.71%-1.69%2.55%Quarterlyhttp://www.ayaltis.com/products/areca-value-discovery
Areca Value Discovery B EUR0.72%0.29%1.01%114.92-4.01%1.76%-1.11%2.56%Quarterlyhttp://www.ayaltis.com/products/areca-value-discovery
Areca Liquid Focus B USD0.39%0.21%0.61%104.51-3.75%3.03%-1.75%2.35%Monthlyhttp://www.ayaltis.com/products/areca-liquid-focus
Areca Azure C USD1.09%-0.46%0.63%99.78-0.84%-2.35%3.97%Monthlyhttp://www.ayaltis.com/products/areca-azure
Narrapuno SPC - Spectrum A USD0.86%0.59%1.45%1,421.52-1.67%3.72%-0.52%2.95%Quarterlyhttp://www.ayaltis.com/products/narrapuno-spectrum-fund
Narrapuno SPC - Spectrum A CHF0.71%0.31%1.02%1,326.56-3.82%2.16%-2.81%2.91%Quarterlyhttp://www.ayaltis.com/products/narrapuno-spectrum-fund
Narrapuno SPC - Convergence A USD0.50%0.48%0.98%1,061.873.35%1.74%4.96%0.66%24 month hardlock, Semi-annuallyhttp://www.ayaltis.com/products/narrapuno-convergence-fund