Premier Art Finance Artemundi Group / 2019 Premier Art Finance Artemundi Group : 201 | Page 12

N ew York · Lon d on · Mexi co City · M a d rid
PERFORMANCE .
RETURN ON INVESTMENT (ROI)
The accumulated ROI from the first four years
of operations amounts to 92.5%, or an annual
average of 18.5% in 2014, or 16.4% including
2015 Q1.
25%
20%
16.4%
15%
10%
5%
23% 20.6% 16.1% 15.3% 17.4%
2010 2011 2012 2013 2014
6%
0%
Annual Average ROI
2015 Q1
ROI
©Artemundi LLC, 2015
THE BOOK VALUE PER SHARE INCREASED 96.7%
THROUGH THE LIFE OF THE FUND
The annual rate of appreciation in value
decreased year on year because of the art-to-
market adjustments done in the first year, when
many artworks were added to the portfolio
(reflecting that works were mostly acquired at a
discount and subsequently brought up to FMV
for valuation purposes). A considerable share
of the inventory was held for appreciation since
the Fund’s inception and increased in value
since then, but at a decreasing rate.
$1,200
120%
$1,000
$909.24
$800
$600
$983.53
81.8%
80%
90.0%
$617.06
51.7%
$500.00
60%
61.3%
$400
40%
$200
20%
23.4%
$0
100%
96.7%
$806.40
$758.57
$949.85
INITIAL
2010
21.8%
19.9%
2011
2012
18.8% 18.5%
2013 2014
16.4%
2015 Q1
0%
Book value per share
Accumulated share return
Annual Average ROI
©Artemundi LLC, 2015
RETURN ON ASSETS (ROA)
On average, the Return on Assets has been
13.7% through the Fund’s term. ROA is an
indicator of how profitable a company is relative
to its total assets. It provides a reference on how
efficient the management is at using its assets to
generate earnings. It is calculated by dividing a
company’s annual earnings by its total assets.
24.8%
19.9%
15%
9.8%
9.7%
3.4%
2010
2011
2012
2013
2014
2015 Q1
©Artemundi LLC, 2015
12
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