perfhist

		Investment			Investment			Value of	Value of	Value of
Year	Period	of $1,000	SET Index	S&P 500	of $1,000	SET Index	S&P 500	$1,000	$1,000	$1,000
		Quarter	Quarter	Quarter	Year	Year	Year	Investment in Quest	Investment in SET	Investment in S&P 500
1990	2Q	2.5	25.7	8.2				1,025	1,257	1,082
	3Q	-24.1	-38.4	-14.5				778	774	925
	4Q	9.2	-3.8	7.9	-15.0	-25.6	-0.2	850	744	998
1991	1Q	18.1	39.6	13.6				1,003	1,039	1,134
	2Q	2.3	-12.6	-1.1				1,026	908	1,122
	3Q	2.4	-11.8	4.5				1,050	802	1,173
	4Q	10.8	7.2	7.5	36.9	15.4	26.3	1,163	859	1,261
1992	1Q	11.9	14.2	-3.2				1,301	981	1,220
	2Q	-1.0	-7.6	1.1				1,288	906	1,234
	3Q	44.2	13.6	2.4				1,857	1,029	1,263
	4Q	6.7	3.7	4.3	70.4	24.3	4.5	1,982	1,068	1,317
1993	1Q	-1.8	-2.4	3.7				1,946	1,042	1,365
	2Q	1.9	1.8	-0.3				1,984	1,061	1,362
	3Q	17.1	10.8	1.9				2,323	1,176	1,387
	4Q	114.4	71.2	1.7	151.2	88.5	7.1	4,980	2,013	1,410
1994	1Q	-1.9	-25.6	-4.4				4,883	1,499	1,348
	2Q	11.3	3.4	-0.3				5,433	1,550	1,343
	3Q	4.5	17.2	4.1				5,676	1,817	1,399
	4Q	-12.6	-9.0	-0.7	-0.4	-17.9	-1.5	4,962	1,654	1,388
1995	1Q	-6.1	-8.8	9.0				4,659	1,509	1,514
	2Q	16.6	14.3	8.8				5,434	1,725	1,647
	3Q	-5.5	-8.8	7.3				5,137	1,574	1,767
	4Q	1.0	-1.4	5.4	4.5	-6.1	34.1	5,186	1,553	1,862
1996	1Q	11.5	0.5	4.8				5,785	1,560	1,951
	2Q	-3.3	-3.9	3.9				5,594	1,499	2,027
	3Q	-9.4	-12.0	2.5				5,067	1,320	2,078
	4Q	-28.5	-24.9	7.8	-30.1	-36.2	20.3	3,625	991	2,239
1997	1Q	-7.4	-17.2	2.2				3,357	820	2,289
	2Q	11.9	-20.7	16.9				3,756	650	2,676
	3Q	-1.5	-28.7	7.0				3,700	464	2,864
	4Q	0.6	-48.3	2.4	2.6	-75.8	31.0	3,720	240	2,933
1998	1Q	65.3	48.9	13.5				6,150	357	3,331
	2Q	-11.1	-46.0	2.9				5,404	193	3,428
	3Q	-1.5	1.5	-10.3				5,432	196	3,074
	4Q	-8.7	51.2	20.9	33.7	21.2	26.7	4,976	297	3,716
1999	1Q	-22.8	-3.6	4.6				3,843	286	3,889
	2Q	84.8	53.9	6.7				7,101	440	4,150
	3Q	-14.1	-32.6	-7.6				6,103	291	3,834
	4Q	8.8	35	15.8	33.5	32.3	19.5	6,641	392	4,442
2000	1Q	4.9	-17.7	2.0				6,967	323	4,513
	2Q	-7.4	-21.3	-2.9				6,452	254	4,382
	3Q	-11.5	-21.1	-1.3				5,709	201	4,326
	4Q	-9.0	-5.1	-8.1	-21.8	-51.5	-10.2	5,194	190	3,976
2001	1Q	-4.4	4.3	-12.1				4,968	199	3,495
	2Q	15.1	9.6	5.5				5,718	218	3,688
	3Q	-5.6	-12.5	-15.0				5,398	190	3,135
	4Q	7.7	10.3	10.3	12.0	10.3	13.0	5,816	210	3,458
2002	1Q	24.4	25.2	-0.1				7,235	263	3,455
	2Q	7	8.8	-13.7				7,743	286	2,982
	3Q	-9.2	-18.3	-17.6				7,031	234	2,455
	4Q	5.4	7.8	7.9	27.4	19.9	-23.4	7,411	252	2,650
2003	1Q	0.1	3.2	-3.6				7,416	260	2,555
	2Q	27.7	29.2	14.9				9,472	336	2,935
	3Q	44.8	31.7	2.2				13,714	442	3,000
	4Q	36.1	34.6	11.6	151.9	136.3	26.4	18,670	595	3,349
2004	1Q	-5.2	-15.8	1.3				17,707	501	3,392
	2Q	-5.2	-3.7	1.3				16,778	485	3,436
	3Q	6.8	-1.5	-2.3				17,922	478	3,357
	4Q	4.0	10	8.7	-0.2	-12.1	9	18,632	526	3,650
2005	1Q	4.0	1.7	-2.6				19,373	534	3,556
	2Q	-7.9	-5.8	0.9				17,849	503	3,588
	3Q	2.3	7.7	3.1				18,269	542	3,701
	4Q	-7.4	-1.4	1.6	-9.2	1.6	3.0	16,914	534	3,760
2006	1Q	5.2	8.6	3.7				17,791	580	3,900
	2Q	-12.0	-5.9	-1.9				15,661	546	3,826
	3Q	7.1	2.8	5.2				16,770	561	4,023
	4Q	6.9	5.0	6.2	5.9	10.3	13.6	17,920	589	4,272
2007	1Q	2.9	0.3	0.2				18,447	591	4,279
	2Q	24.1	16.9	5.8				22,884	691	4,528
	3Q	11.2	9.7	1.6				25,454	758	4,598
	4Q	-0.5	3.1	-3.8	41.4	32.7	3.5	25,330	782	4,422
2008	1Q	-3.4	2.2	-9.9				24,460	799	3,984
	2Q	-3.2	-11.6	-3.2				23,677	706	3,855
	3Q	-21.7	-23.3	-8.9				18,537	541	3,513
	4Q	-20.2	-26.5	-22.6	-41.6	-49.1	-38.5	14,794	398	2,720
2009	1Q	-0.5	-6.1	-11.7				14,530	374	2,403
	2Q	5.4	44.3	15.2				15,317	539	2,769
	3Q	18.9	22.2	15.0				18,209	659	3,184
	4Q	7.0	2.7	5.5	31.7	69.9	23.5	19,476	676	3,358
2010	1Q	16.3	10.7	4.9				22,642	749	3,522
	2Q	7.1	0.9	-11.9				24,242	756	3,104
	3Q	27.5	31.0	10.7				30,898	989	3,437
	4Q	23.1	6.8	10.2	95.4	56.2	12.8	38,049	1,056	3,788
2011	1Q	-6.1	0.6	5.4				35,733	1,063	3,993
	2Q	-5.9	-2.0	-0.4				33,628	1,041	3,977
	3Q	-15.3	-13.4	-14.3				28,490	902	3,408
	4Q	-2.9	10.6	11.2	-27.3	-5.5	0.0	27,677	998	3,788
2012	1Q	22.6	19.6	12.0				33,945	1,194	4,242
	2Q	-10.1	-4.5	-3.3				30,508	1,140	4,103
	3Q	16.2	13.5	5.8				35,454	1,294	4,339
	4Q	16.5	8.1	-1.0	49.2	40.1	13.4	41,300	1,399	4,295
2013	1Q	42.9	17.2	10.0				59,000	1,639	4,726
	2Q	-18.9	-12.2	2.4				47,843	1,439	4,838
	3Q	-7.6	-5.5	4.7				44,203	1,360	5,064
	4Q	-11.7	-10.3	9.9	-5.5	-12.8	29.6	39,039	1,220	5,567
2014	1Q	9.6	6.9	1.3				42,802	1,304	5,639
	2Q	5.1	7.9	4.7				44,996	1,407	5,904
	3Q	4.7	6.8	0.6				47,105	1,502	5,940
	4Q	-2.6	-6.9	4.4	17.5	14.7	11.4	45,887	1,399	6,201
2015	1Q	1.8	1.5	0.4				46,698	1,420	6,228
	2Q	0.6	-3.7	-0.2				46,970	1,368	6,214
	3Q	-3.5	-16.7	-6.9				45,342	1,139	5,783
	4Q	2.2	-3.6	6.5	1.0	-21.5	-0.7	46,347	1,098	6,156
2016	1Q	1.1	12.1	0.8				46,870	1,231	6,203
	2Q	18.9	2.7	1.9				55,717	1,264	6,321
	3Q	3.0	4.2	3.3				57,381	1,317	6,530
	4Q	22.1	0.4	3.3	51.2	20.4	9.5	70,054	1,323	6,743
2017	1Q	-35.7	6.5	5.5				45,043	1,409	7,116
	2Q	2.0	1.2	2.6				45,924	1,426	7,299
	3Q	7.6	8.2	4.0				49,430	1,543	7,588
	4Q	-23.3	7.2	6.1	-45.9	25.0	19.4	37,898	1,654	8,052
2018	1Q	-2.5	5.8	-1.2				36,946	1,750	7,954
	2Q	-12.0	-15.2	2.9				32,500	1,484	8,187
	3Q	7.2	12.5	7.2				34,837	1,669	8,776
	4Q	-2.6	-11.0	-14.0	-10.5	-10.1	-6.2	33,933	1,486	7,550
2019	1Q	4.8	6.7	13.1				35,568	1,586	8,537
	2Q	5.0	9.2	3.8				37,348	1,733	8,860
	3Q	5.9	-5.1	1.2				39,542	1,644	8,965
	4Q	-3.6	-0.6	8.5	12.3	9.9	28.9	38,112	1,634	9,730
2020	1Q	-11.3	-35.4	-20.0				33,816	1,056	7,784
	2Q	14.9	26.0	20.0				38,843	1,331	9,337
	3Q	-4.1	-9.6	8.5				37,244	1,203	10,129
	4Q	-7.4	23.6	11.7	-5.6	-9.0	16.3	35,981	1,486	11,312
2021	1Q	4.6	5.0	5.8				40,610	1,561	11,965

TABLE MUST BE READ IN CONJUCTION WITH THE ACCOMPANYING FOOTNOTES WHICH ARE AN INTEGRAL PART
HEREOF. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

1. These results represent unaudited performance for funds under the management of Doug Barnett (the "Manager") from April 1990 to present. New investors can invest in our mutual fund, Thai Focused Equity Fund (the "Fund"), which commenced operations on October 21, 1997, and has a December 31 fiscal year-end. Shares in the Fund are privately offered from time to time to certain U.S. investors pursuant to Rule 506 under Regulation D of the U.S. Securities Act of 1933 and are also offered to non-U.S. investors. Performance is shown quarterly for the period April, 1990, to present.

2. "Net Rate of Return of Hypothetical Shareholder Investment of $1,000" reflects increases or decreases in each period of a hypothetical shareholder investment of $1,000 with the Manager, and is calculated by dividing the Net Performance for such hypothetical shareholder’s $1,000 investment in each period by the beginning investment value for such period. The figures presented assume that $1,000 was invested with the Manager on commencement date and held to present.

Net Performance in each period equals gross income less expenses. Gross income consists primarily of dividends, interest income and realized and unrealized capital gains and losses. Expenses consist primarily of fixed and incentive fees paid to the Investment Manager, commissions, transactional fees, and other operating expenses. The initial value for the initial period is equal to the initial contributed capital; thereafter, each period’s beginning value is equal to the ending value from the prior period adjusted for subscriptions effective on such date. Ending value is equal to the beginning value plus or minus redemptions and Net Performance.

3. The S&P 500 and the SET Index reflect the percentage increase (or decrease) for each period for the Standard & Poor’s 500 Composite Stock Price Index and the Stock Exchange of Thailand. The statistical data reflected by these Indices has been obtained from sources believed to be reliable but which are not warranted as to accuracy or completeness. The Indices are well-known, broad-based stock market indices which contain only seasoned equity securities. The Manager uses his assets to purchase and sell equity securities (some of which may be of a speculative nature or which at the time of their acquisition may be restricted as to the transferability or disposition thereof), purchase and sell currency forward contracts and currency options, engage in currency exchange transactions and invest and trade in various other investment instruments such as fixed income derivatives and various derivative instruments. For the foregoing reason and other reasons, the performance of the Fund and the performance of the Index are not comparable.