As at the 31st of October 2010 the NAV of the Class A shares of the Pangolin Asia Fund was US$258.37 net of all fees and expenses, up 2.01% from US$253.28 in September. The fund is up 31.91% YTD. Please see the table at the end of this letter for further detail.
As of today the fund is about 75% invested, with the split being approximately as follows:
Details of the individual holdings are always available to investors on request.