Alternative Investment
Strategies
WORLD MONITOR TRUST II—
SERIES D
MONTHLY REPORT/
JANUARY 30, 2004
WORLD MONITOR TRUST II—SERIES D
Dear Interest Holder:
Enclosed is the report for the period from December 27, 2003 to January 30, 2004 for World Monitor Trust II—Series D (“Series D”). The net asset value of a unit as of January 30, 2004 was $116.78 a decrease of 0.03% from the December 26, 2003 value of $116.81. The calendar year-to-date return for Series D was a decrease of 1.1% as of January 30, 2004.
The estimated net asset value per interest as of February 26, 2004 was $112.73. Past performance is not necessarily indicative of future results.
Should you have any questions, please contact your Wachovia Securities Financial Advisor. For account status inquiries, contact Prudential Financial Client Services at (212) 778-2443.
Sincerely yours,
Brian J. Martin
President and Director
PRUDENTIAL SECURITIES
FUTURES MANAGEMENT INC.
Please note that the value which appears on your Wachovia Securities statement is an estimated value at calendar month-end. The actual value as of the last Friday of the month is contained in this report.
STATEMENT OF OPERATIONS
For the period from December 27, 2003 to January 30, 2004
Revenues: | ||||
Realized gain on commodity | $ | 196,465 | ||
Change in unrealized commodity positions | (40,197 | ) | ||
Interest income | 18,205 | |||
174,473 | ||||
Expenses: | ||||
Commissions | 131,107 | |||
Incentive fees | 1,094 | |||
Management fee | 27,524 | |||
Other transaction fees | 3,403 | |||
Other expenses | 13,419 | |||
176,547 | ||||
Net loss | $ | (2,074 | ) | |
STATEMENT OF CHANGES IN NET ASSET VALUE
For the period from December 27, 2003 to January 30, 2004
Total | Per Interest | |||||||
Net asset value at beginning of period (195,096.685 interests) | $ | 22,788,631 | $ | 116.81 | ||||
Net loss | (2,074 | ) | ||||||
Redemptions | (207,141 | ) | ||||||
Net asset value at end of period (193,357.067 interests) | $ | 22,579,416 | 116.78 | |||||
Change in net asset |
| $ | (0.03 | ) | ||||
Percentage change |
| (0.03 | )% | |||||
I hereby affirm that, to the best of my knowledge and belief, the information contained herein relating to World Monitor Trust II—Series D is accurate and complete.
PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC.
by: Ronald J. Ivans
Chief Financial Officer