Performance Update

Year	Main Fund (Money Weighted Return, Pre-tax)	S&P 500 Total Return	MSCI China Index

2016 (Feb 3)	16.7%	20.1%	16.9%
2017	35.1%	21.8%	55.6%
2018	-18.0%	-4.4%	-18.7%
2019	4.0%	31.5%	23.0%
2020	20.9%	18.4%	29.0%
2021	-1.1%	28.7%	-22.7%
2022	33.7%	-18.1%	-20.4%

Cumulative Returns
Since Inception	111.8%	129.6%	44.5%
Past 5 Years	65.7%	56.9%	-20.6%
Past 3 Years	65.9%	24.8%	-20.6%

Annualized Returns
Since Inception	11.5%	12.8%	5.5%
Past 5 Years	10.6%	9.4%	-4.5%
Past 3 Years	18.4%	7.7%	-7.4%

NOTE: 1. Past results do not indicate future performance. This is NOT an effort to raise funds nor this is an effort to provide investment advice in any form. 2. Minimum Account size requirement is $1M USD. Lock-out Period is 5-Year. 3. Performance of the account and Benchmark Indices are all provided by Interactive Brokers, without any modifications or adjustments