06/23/2010 update
06/23/2010 Panda 20 Fund performance: +0.24%
Inception to date cumulative performance (since 05/17/2010): +0.80%
-----
06/23/2010 SP500 Index performance: -0.30%
Inception to date SP500 Index performance (since 05/17/2010): -3.95%
-----
Cash remaining percentage: 13%
06/24/2010 Panda 20 Fund performance: -0.97%
Inception to date cumulative performance (since 05/17/2010): -0.18%
-----
06/24/2010 SP500 Index performance: -1.68%
Inception to date SP500 Index performance (since 05/17/2010): -5.56%
-----
Cash remaining percentage: 6%