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Investor Presentaiton

Manager Overview (Future Generations Fund) Fund Manager Lead Portfolio Manager Region of Domicile Date of Fund Inception 2017 Returns NSIA's NAV $(min) NSIA Inception Edgbaston (Asia) Charu Fernando London, U.K. 1-Oct-2008 10.03% 15.7 2-Jun-2014 Somerset (Small- Mid Cap) Timothy Hay Singapore 31-Mar-2011 14.70% 13.8 Prince Street (Institutional) Prince Street (Opportunities) Nigeria Sovereign Investment Authority 31-Mar-2014 31-May-2014 31-May-2014 Fund Strategy Edgbaston is a boutique manager focused on Asia Pacific ex Japan. Edgbaston was founded in 2008 and adheres to a value investing philosophy. They are diversified with 60- 80 holdings. Edgbaston has been disciplined in limiting growth in its asset base, ensuring they can continue investing across the market сар spectrum. Somerset is a London-based EM equity boutique founded in 2007. The team came from Lloyd George, where they ran a longstanding EM fund. The small/mid cap fund at Somerset focuses on an under-covered market segment that includes niche, smaller cap companies, smaller EM countries, and frontier markets. PM Timothy Hay is based in Singapore. Prince Street was founded by David Halpert, who has been investing in frontier markets for roughly 20 years (11 years at Prince Street). His team has visited companies in over 50 countries and speaks diverse languages including Indonesian, Mandarin, Portuguese, and Russian. With an allocation of approximately 10% in small-caps. Prince Street was founded by David. Halpert, who has been investing in frontier markets for roughly 20 years (11) years at Prince Street). His team has visited companies in over 50 countries and speaks diverse languages including Indonesian, Mandarin, Portuguese, and Russian. With an allocation of approximately 10% in small-caps. Fund Logo EDGBASTON INVESTMENT PARTNERS SOMERSET CAPITAL MANAGEMENT PRINCE STREET Capital Management PRINCE STREET Capital Management David Halpert New York, U.S.A. 1-Oct-2011 3.41% 9.02 New York, David Halpert 1-Nov-2006 5.35% 14.01 U.S.A. 50 50
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