As at the 30th of June 2016 the NAV of the Class A shares of the Pangolin Asia Fund was US$395.41 net of all fees and expenses, up 2.43% from US$386.04 in May.
Please see the table at the end of this letter for further detail.
Our cash levels have risen as a result of inflows and dividends. As of today, the fund is about 88% invested with the split being approximately as follows:
We don't disclose our names but some details are always available to investors on request.