WORLD MONITOR TRUST III SERIES J CLASS 1
Unaudited Account Statement
For the Month Ending May 31, 2008
Partner ID: 0001
PREFERRED INVESTMENT SOLUTIONS CORP.
MAUREEN HOWLEY CFO
900 KING STREET
SUITE 100
RYE BROOK, NY 10573
Dear Interest Holder:
Enclosed is the report for the period of May 31, 2008 for World Monitor Trust III Series J Class 1. The net asset value of an interest as of May 31, 2008 was $120.99, an increase of +1.09% from the April 30, 2008 value of $119.69. The calendar year-to-date return for World Monitor Trust III Series J Class 1 was an increase of +14.79% as of May 31, 2008.
STATEMENT OF INCOME(LOSS)
Trading Income (Loss) | ||||
Realized Trading Gain/(Loss) | $ | 946,754.71 | ||
Change in Unrealized Gain/(Loss) | $ | 825,213.95 | ||
Gain/(Loss) on Other Investments | $ | 0.00 | ||
Brokerage Commission | ($16,302.36 | ) | ||
Total Trading Income | $ | 1,755,666.30 | ||
Expenses | ||||
Audit Fees | $ | 0.00 | ||
Administrative and Legal Fees | $ | 39,489.73 | ||
Management Fees | $ | 38,585.10 | ||
Advisory Fees | $ | 174,122.78 | ||
Offering Fees | $ | 0.00 | ||
Incentive Fees | $ | 300,450.50 | ||
Other Expenses | $ | 281,215.92 | ||
Total Expenses | $ | 833,864.03 | ||
Interest Income | $ | 87,165.33 | ||
Net Income(Loss) from the Period | $ | 1,008,967.60 | ||
STATEMENT OF CHANGES IN NET ASSET VALUE (NAV)
| YOUR INVESTMENT | |||||||||
| Units | Value | ||||||||
Beginning of Month | $ | 92,604,250.99 | 8,061.0385 | $ | 964,827.27 | ||||
Addition | $ | 3,046,792.44 | 247.9456 | $ | 30,000.00 | ||||
Withdrawal | ($441,872.71 | ) | |||||||
Net Income/(Loss) | $ | 1,008,967.60 | $ | 10,512.25 | |||||
Month End | $ | 96,218,138.33 | 8,308.9842 | $ | 1,005,339.52 | ||||
Month End NAV Per Unit | $ | 120.99 | |||||||
Monthly Rate of Return | 1.09 | % | |||||||
Year to Date Rate of Return | 14.79 | % | |||||||
For account inquiries, please contact Preferred Investment Solutions Corp. Client Services at (914)307-4000.
To the best of our knowledge and belief, the information above is accurate and complete:
 |  | |||
| Kenneth A. Shewer, Chairman | Marc S. Goodman, President | |||
Preferred Investment Solutions Corp., Managing Owner of World Monitor Trust III Series J Class 1 | ||||
WORLD MONITOR TRUST III SERIES J CLASS 2
Unaudited Account Statement
For the Month Ending May 31, 2008
Partner ID: 0001
PREFERRED INVESTMENT SOLUTIONS CORP.
MAUREEN HOWLEY CFO
900 KING STREET
SUITE 100
RYE BROOK, NY 10573
Dear Interest Holder:
Enclosed is the report for the period of May 31, 2008 for World Monitor Trust III Series J Class 2. The net asset value of an interest as of May 31, 2008 was $122.39, an increase of +1.26% from the April 30, 2008 value of $120.87. The calendar year-to-date return for World Monitor Trust III Series J Class 2 was an increase of +15.72% as of May 31, 2008.
STATEMENT OF INCOME(LOSS)
Trading Income (Loss) | ||||
Realized Trading Gain/(Loss) | $ | 138,827.88 | ||
Change in Unrealized Gain/(Loss) | $ | 121,005.69 | ||
Gain/(Loss) on Other Investments | $ | 0.00 | ||
Brokerage Commission | ($2,390.51 | ) | ||
Total Trading Income | $ | 257,443.06 | ||
Expenses | ||||
Audit Fees | $ | 0.00 | ||
Administrative and Legal Fees | $ | 5,790.60 | ||
Management Fees | $ | 5,657.95 | ||
Advisory Fees | $ | 25,532.59 | ||
Offering Fees | $ | 0.00 | ||
Incentive Fees | $ | 44,056.72 | ||
Other Expenses | $ | 18,604.46 | ||
Total Expenses | $ | 99,642.32 | ||
Interest Income | $ | 12,781.53 | ||
Net Income(Loss) from the Period | $ | 170,582.27 | ||
STATEMENT OF CHANGES IN NET ASSET VALUE (NAV)
| YOUR INVESTMENT | |||||||||
| Units | Value | ||||||||
Beginning of Month | $ | 13,579,074.14 | 1,172.8500 | $ | 141,763.10 | ||||
Addition | $ | 844,100.00 | 81.7067 | $ | 10,000.00 | ||||
Withdrawal | ($12,000.00 | ) | |||||||
Net Income/(Loss) | $ | 170,582.27 | $ | 1,780.85 | |||||
Month End | $ | 14,581,756.41 | 1,254.5567 | $ | 153,543.95 | ||||
Month End NAV Per Unit | $ | 122.39 | |||||||
Monthly Rate of Return | 1.26 | % | |||||||
Year to Date Rate of Return | 15.72 | % | |||||||
For account inquiries, please contact Preferred Investment Solutions Corp. Client Services at (914)307-4000.
To the best of our knowledge and belief, the information above is accurate and complete:
| | |||
| Kenneth A. Shewer, Chairman | Marc S. Goodman, President | |||
Preferred Investment Solutions Corp., Managing Owner of World Monitor Trust III Series J Class 2 | ||||