Alternative Investment
Strategies
WORLD MONITOR TRUST II—
SERIES F
MONTHLY REPORT/
FEBRUARY 27, 2004
WORLD MONITOR TRUST II—SERIES F
Dear Interest Holder:
Enclosed is the report for the period from January 31, 2004 to February 27, 2004 for World Monitor Trust II—Series F (“Series F”). The net asset value of an interest as of February 27, 2004 was $158.67, an increase of 10.97% from the January 30, 2004 value of $142.99. The calendar year-to-date return for Series F was an increase of 13.94% as of February 27, 2004.
The estimated net asset value per interest as of March 25, 2004 was $159.24. 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 January 31, 2004 to February 27, 2004
Revenues: | |||
Realized gain on commodity transactions | $ | 3,839,627 | |
Change in unrealized commodity positions | 3,197,340 | ||
Interest income | 38,733 | ||
7,075,700 | |||
Expenses: | |||
Commissions | 239,240 | ||
Incentive fee | 1,473,536 | ||
Management fees | 81,706 | ||
Other expenses | 10,736 | ||
Other transaction fees | 7,393 | ||
1,812,611 | |||
Net gain | $ | 5,263,089 | |
STATEMENT OF CHANGES IN NET ASSET VALUE
For the period from January 31, 2004 to February 27, 2004
Total | Per Interest | |||||||
Net asset value at beginning of period (336,951.098 interests) | $ | 48,179,183 | $ | 142.99 | ||||
Net gain | 5,263,089 | |||||||
Redemptions | (900,501 | ) | ||||||
Net asset value at end of period (331,131.027 interests) | $ | 52,541,771 | 158.67 | |||||
Change in net asset |
| $ | 15.68 | |||||
Percentage change |
| 10.97 | % | |||||
I hereby affirm that, to the best of my knowledge and belief, the information contained herein relating to World Monitor Trust II—Series F is accurate and complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
by: Ronald J. Ivans
Chief Financial Officer