Fintuitive

Simulated Performance for Versant Venture Management, LLC

Performance Trend (13F securities)

Reporting Period	Quarterly Simulated Performance	Quarterly Hit Rate	Annual Simulated Performance	Annual Hit Rate	Annual Simulated Performance Decile
Dec. 31, 2014	3.96 %	0.40	-15.56 %	0.40	2
March 31, 2015	6.87 %	0.67	-29.30 %	0.50	1
June 30, 2015	-14.76 %	0.20	-16.41 %	0.40	2
Sept. 30, 2015	-1.98 %	0.43	31.80 %	0.43	10
Dec. 31, 2015	-18.89 %	0.29	36.86 %	0.71	10
March 31, 2016	20.47 %	0.57	109.93 %	0.67	10
June 30, 2016	37.54 %	1.00	102.54 %	1.00	10
Sept. 30, 2016	14.55 %	0.57	69.43 %	0.71	10
Dec. 31, 2016	29.26 %	0.86	26.27 %	0.43	9
March 31, 2017	13.41 %	0.62	-0.71 %	0.38	1
June 30, 2017	2.57 %	0.38	3.33 %	0.38	1
Sept. 30, 2017	-12.65 %	0.38	-5.75 %	0.50	1
Dec. 31, 2017	7.47 %	0.57	-47.21 %	-	1
March 31, 2018	21.20 %	0.62	-14.05 %	0.38	1
June 30, 2018	-19.17 %	0.44	-23.30 %	0.11	1
Sept. 30, 2018	-31.29 %	0.10	5.36 %	0.20	8
Dec. 31, 2018	53.08 %	0.60	109.17 %	0.40	10
March 31, 2019	17.38 %	0.44	5.92 %	0.33	10
June 30, 2019	-16.07 %	0.11	28.78 %	0.33	10
Sept. 30, 2019	41.89 %	0.75	87.72 %	0.75	10
Dec. 31, 2019	-28.07 %	0.14	136.57 %	0.57	10
March 31, 2020	63.53 %	0.89	118.44 %	1.00	10
June 30, 2020	-7.69 %	0.42	33.04 %	0.67	2
Sept. 30, 2020	45.85 %	0.55	5.17 %	0.45	1
Dec. 31, 2020	-6.01 %	0.50	-30.30 %	0.25	1
March 31, 2021	0.61 %	0.18	-58.26 %	0.09	1
June 30, 2021	-18.02 %	0.27	-68.73 %	-	1
Sept. 30, 2021	-13.69 %	0.27	-57.54 %	0.10	1
Dec. 31, 2021	-46.43 %	-	-51.88 %	0.22	1
March 31, 2022	-21.41 %	-	-21.73 %	0.22	2
June 30, 2022	-10.08 %	0.38	-13.42 %	0.29	1
Sept. 30, 2022	-17.40 %	0.43	-15.00 %	0.29	1
Dec. 31, 2022	-0.73 %	0.43	26.79 %	0.50	7
March 31, 2023	17.34 %	0.71	31.97 %	0.80	8
June 30, 2023	-3.07 %	0.25	-37.59 %	-	1
Sept. 30, 2023	106.85 %	0.57	-15.10 %	0.33	1
Dec. 31, 2023	0.92 %	0.83	-7.73 %	0.20	1
March 31, 2024	-24.87 %	-	-37.08 %	-	1
June 30, 2024	-13.45 %	0.38	-	-
Sept. 30, 2024	-26.61 %	-	-	-
Dec. 31, 2024	-30.59 %	-	-	-
March 31, 2025	-	-	-	-