Estimated NAVs and Performance as of January 31, 2017JanuaryDecemberYTD 2017NAV2016201512 Months Rolling Return12 Months Rolling VolatilityLiquidityLink
Areca Value Discovery B USD0.54%0.63%0.54%117.16-2.57%2.30%-1.78%2.87%Quarterlyhttp://www.ayaltis.com/products/areca-value-discovery
Areca Value Discovery B CHF0.30%0.40%0.30%113.03-4.56%0.71%-3.87%2.76%Quarterlyhttp://www.ayaltis.com/products/areca-value-discovery
Areca Value Discovery B EUR0.34%0.48%0.34%114.16-4.01%1.76%-3.34%2.80%Quarterlyhttp://www.ayaltis.com/products/areca-value-discovery
Areca Liquid Focus B USD0.21%1.07%0.21%104.10-3.75%3.03%-2.79%2.32%Monthlyhttp://www.ayaltis.com/products/areca-liquid-focus
Areca Azure C USD-0.46%0.90%-0.46%98.70-0.84%-2.43%3.99%Monthlyhttp://www.ayaltis.com/products/areca-azure
Narrapuno SPC - Spectrum A USD0.59%0.20%0.59%1,409.39-1.67%3.72%-1.23%2.80%Quarterlyhttp://www.ayaltis.com/products/narrapuno-spectrum-fund
Narrapuno SPC - Spectrum A CHF0.31%-0.03%0.31%1,317.19-3.82%2.16%-3.49%2.76%Quarterlyhttp://www.ayaltis.com/products/narrapuno-spectrum-fund
Narrapuno SPC - Convergence A USD0.30%0.27%0.30%1,054.693.35%1.74%3.83%0.80%24 month hardlock, Semi-annuallyhttp://www.ayaltis.com/products/narrapuno-convergence-fund