As of the 30th of September 2009, the NAV of the Class A shares of the Pangolin Asia Fund was US$173.21 net of all fees and expenses, up 3.11% from US$167.99 in August.

As of the 31st of August 2009, the NAV of the Class A shares of the Pangolin Asia Fund was US$167.99 net of all fees and expenses, up 5.18% from US$159.71 in July.

As of the 31st of July 2009, the NAV of the Class A shares of the Pangolin Asia Fund was US$159.71 net of all fees and expenses, up 5.54% from US$151.32 in June.

As of the 30th of June 2009, the NAV of the Class A shares of the Pangolin Asia Fund was U$151.32 net of all fees and expenses, up 4.18% from US$145.25 in May.

As of the 29th of May 2009, the NAV of the Class A shares of the Pangolin Asia Fund was U$145.25 net of all fees and expenses, up 9.03% from US$133.22 in April.

As of the 30th of April 2009, the NAV of the Class A shares of the Pangolin Asia Fund was U$133.22 net of all fees and expenses, up 35.77% from US$98.12 in March

As of the 31st of March 2009, the NAV of the Class A shares of the Pangolin Asia Fund was U$98.12 net of all fees and expenses, up 1.81% from US$96.38 in February.

As of the 28th of February 2009, the NAV of the Class A shares of the Pangolin Asia Fund was U$96.38 net of all fees and expenses, up 0.74% from US$95.67 in January.

As of the 31st of January 2009, the NAV of the Class A shares of the Pangolin Asia Fund was U$95.67 net of all fees and expenses, down 4.59% from US$100.27 in December.

As of the 31st of December 2008, the NAV of the Class A shares of the Pangolin Asia Fund was U$100.27 net of all fees and expenses, up a mind-boggling 16.62% from US$85.98 in November.