As of the 30th of November 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$160.72 net of all fees and expenses, down 1.5% from US$163.17 in October.

As of the 31st of October 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$163.17 net of all fees and expenses, up 3.19% from US$158.13 in September.

As of the 28th of September 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$158.13, net of all fees and expenses, up 5.26% from US$150.23 in August.

As of the 30th of August 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$150.23, net of all fees and expenses, down 5.85% from US$159.56 in July.

As of the 31st of July 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$159.56, net of all fees and expenses, up a whopping 0.13% from US$159.36 in May.

As of the 29th of June 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$159.36, net of all fees and expenses, up 0.92% from US$157.90 in May.

At 30th May 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$157.90, net of all fees and expenses, up 2.75% from US$153.68 in April.

At 30th April 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$153.68, net of all fees and expenses, up 6.60% from US$144.17 in March.

At 31st March 2007, the NAV of the Class A shares of Pangolin Asia Fund was US$144.17, net of all fees and expenses, up 2.43% from US$140.75 in February.

At 28th February 2007, the NAV of the Class A shares of the Pangolin Asia Fund was US$140.75, net of all fees and expenses, up 3.17% from US$136.43 in January.