The AR ASIA FOCUS FUND is organised as a feeder fund under the AR Asia Focus Master Fund in a master-feeder structure.

The Fund was incorporated as an exempted company with limited liability incorporated under the laws of the Cayman Islands on 27 January 2012, and is established to accept investments specifically from non-U.S. persons.

The investment objective of the Fund is to achieve gains through capital appreciation and income mainly from investments in larger companies, with market capitalisations generally above US$5 billion at the time of investment, whose securities are listed on stock exchanges in Asia excluding Japan, or companies listed on other stock exchanges with significant business interests or business exposure in the Asia Pacific.

HIGHLIGHTS

• Compounded annual return since inception of 4.0% (net of fees vs) MSCI 4.1%
• Achieved 34 out of 59 positive returns
• Outperformed the MSCI 57.6% of the time
• Standard Deviation of 13.1% vs MSCI 14.2%
• Sharpe ratio of 0.00
• Sortino ratio of 0.00

PERFORMANCE

% Jan Feb Mar Apr May Jun Jul Aug Sep  Oct  Nov  Dec  YTD
2012 Fund   -1.3* -6.8 1.0 0.3 -0.8 4.8 0.2 1.3 2.8 1.0
 MSCI# -0.3* -9.6 3.0 2.6 -0.5 7.0 -0.3 2.8 3.1 7.3
2013  Fund 4.2 -1.3 -3.8 1.3 -0.2 -7.7 2.4 -1.8 3.7 3.0 -2.0 0.0 -2.9
  MSCI# 1.7 -0.1 -2.2 2.0 -1.3 -5.7 1.88 -1.5 5.4 4.4 0.2 -1.1 3.1
2014  Fund -4.1 2.5 2.4 2.4 2.4 2.9 2.4 2.5 -2.6 1.4 0.7 -2.4 10.6
 MSCI# -5.1 3.5 1.0 0.7 4.0 2.3 3.8 0.7 -5.9 2.0 0.3 -2.1 4.8
2015  Fund 1.8 3.5 1.6 5.9 0.3 -2.0 -6.4 -9.0 -3.7 9.3 -1.0 1.7 -0.6
 MSCI# 2.5 1.9 0.4 7.2 -2.6 -3.7 -6.4 -9.8 -1.8 8.0 -3.4 -0.5 -9.2
2016  Fund -8.6 -1.0 8.8 -0.8 -0.2 0.5 4.6 4.3 0.6 -1.3 -3.0 -0.9 1.8
 MSCI# -7.6 -0.9 11.2 -0.9 -1.3 2.7 4.8 3.4 1.6 -1.5 -2.9 -2.0 5.4
2017  Fund 7.9 1.2 9.2
 MSCI# 6.2 3.4 9.8
*Since Inception on April 2nd 2012
# MSCI Asia ex-Japan