Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
June 2007 Performance Update
The Frontier Fund Supplement Dated June 29, 2007 to Prospectus Dated February 12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
June performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | June 2007 | June 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | 0.59 | % | 2.34 | % | $ | 109.15 | |||
Balanced Series-1a | 0.55 | % | 2.12 | % | $ | 98.01 | |||
Campbell/Graham Series-1 | 4.86 | % | 8.12 | % | $ | 104.09 | |||
Currency Series-1 | 1.57 | % | 4.08 | % | $ | 105.29 | |||
Long/Short Commodity Series-1 | -1.38 | % | -0.44 | % | $ | 99.98 | |||
Graham Series-1 | 4.14 | % | 12.68 | % | $ | 95.45 | |||
Winton Series-1 | 1.41 | % | 0.69 | % | $ | 106.38 | |||
Long Only Commodity Series-1 | 0.43 | % | 1.92 | % | $ | 97.28 | |||
Managed Futures Index Series-1 | 4.79 | % | 0.66 | % | $ | 97.39 | |||
Dunn Series-1 (Closed to Investors) | 6.82 | % | 0.32 | % | $ | 77.15 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 14,872,997.87 | |
Unrealized trading gain/(loss) | -11,922,098.22 | ||
Less: commissions | -260,897.33 | ||
Less: FCM fees | -94,059.07 | ||
Foreign currency gain/(loss) | 30,589.88 | ||
Interest Income | 489,515.76 | ||
Total Income | 3116048.89 | ||
EXPENSES | |||
Management fees | 89,138.34 | ||
Incentive fees | 1,038,865.45 | ||
Broker service fees | 581,055.89 | ||
Total Expenses | 1709059.68 | ||
Net Income (Loss) | 1406989.21 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,207,666.89 | $ | 239,553,095.47 | 108.51 | |||
Current month additions | 46,960.54 | 5,174,860.81 | |||||
Current month redemptions | -45,452.13 | -5,006,678.37 | |||||
Net Income (loss) for current month | 1406989.21 | ||||||
Net Asset Value, end of current month | 2209175.306 | 241128267.1 | 109.1485436 | ||||
Monthly rate of return | 0.005884652 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 338,460.48 | |
Unrealized trading gain/(loss) | -267,943.38 | ||
Less: commissions | -6,004.38 | ||
Less: FCM fees | -2,159.05 | ||
Foreign currency gain/(loss) | 709.07 | ||
Interest Income | 15,362.92 | ||
Total Income | 78425.66 | ||
EXPENSES | |||
Trading fees | 5,334.83 | ||
Management fees | 2,869.35 | ||
Incentive fees | 24,481.30 | ||
Broker service fees | 13,360.21 | ||
Total Expenses | 46045.69 | ||
Net Income (Loss) | 32379.97 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 57,768.81 | $ | 5,630,915.26 | 97.47 | |||
Current month additions | 2,087.64 | 205,077.14 | |||||
Current month redemptions | -2,467.14 | -243,726.22 | |||||
Net Income (loss) for current month | 32379.97 | ||||||
Net Asset Value, end of current month | 57389.30639 | 5624646.15 | 98.00861003 | ||||
Monthly rate of return | 0.005525906 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 6,467,413.74 | |
Unrealized trading gain/(loss) | -3,195,433.57 | ||
Less: commissions | -30,320.85 | ||
Less: FCM fees | -27,384.70 | ||
Foreign currency gain/(loss) | 3,827.62 | ||
Interest Income | 115,384.31 | ||
Total Income | 3333486.55 | ||
EXPENSES | |||
Management fees | 105,133.71 | ||
Incentive fees | 457,372.89 | ||
Broker service fees | 134,281.63 | ||
Total Expenses | 696788.23 | ||
Net Income (Loss) | 2636698.32 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 547,339.26 | $ | 54,332,089.90 | 99.27 | |||
Current month additions | 7,779.96 | 803,457.59 | |||||
Current month redemptions | -7,027.99 | -722,184.71 | |||||
Net Income (loss) for current month | 2636698.32 | ||||||
Net Asset Value, end of current month | 548091.2308 | 57050061.1 | 104.0886223 | ||||
Monthly rate of return | 0.048540569 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 164,200.02 | |
Unrealized trading gain/(loss) | -32,750.81 | ||
Less: FCM fees | -3,897.85 | ||
Interest Income | 17,354.94 | ||
Total Income | 144906.3 | ||
EXPENSES | |||
Management fees | 4,108.75 | ||
Incentive fees | 0 | ||
Broker service fees | 19,620.88 | ||
Total Expenses | 23729.63 | ||
Net Income (Loss) | 121176.67 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 74,641.70 | $ | 7,737,780.64 | 103.67 | |||
Current month additions | 10,003.26 | 1,053,192.25 | |||||
Current month redemptions | -373.15793 | -39,190.52 | |||||
Net Income (loss) for current month | 121176.67 | ||||||
Net Asset Value, end of current month | 84271.81157 | 8872959.04 | 105.2897627 | ||||
Monthly rate of return | 0.015624218 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (24,031.18 | ) | |
Unrealized trading gain/(loss) | -195,585.08 | |||
Less: commissions | -28,774.24 | |||
Less: FCM fees | -10,577.10 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 78,590.74 | |||
Total Income | -180376.86 | |||
EXPENSES | ||||
Management fees | 71,278.17 | |||
Incentive fees | 61,268.29 | |||
Broker service fees | 65,127.89 | |||
Total Expenses | 197674.35 | |||
Net Income (Loss) | -378051.21 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 264,405.73 | $ | 26,804,004.56 | 101.37 | |||
Current month additions | 27,196.69 | 2,733,055.84 | |||||
Current month redemptions | -6,743.73 | -679,097.68 | |||||
Net Income (loss) for current month | -378051.21 | ||||||
Net Asset Value, end of current month | 284858.6957 | 28479911.51 | 99.97908417 | ||||
Monthly rate of return | -0.013721178 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 943,445.13 | |
Unrealized trading gain/(loss) | -580,078.32 | ||
Less: commissions | -3,625.56 | ||
Less: FCM fees | -2,627.96 | ||
Foreign currency gain/(loss) | 386.94 | ||
Interest Income | 11,546.01 | ||
Total Income | 369046.24 | ||
EXPENSES | |||
Management fees | 13,264.49 | ||
Incentive fees | 117,384.33 | ||
Broker service fees | 13,377.39 | ||
Total Expenses | 144026.21 | ||
Net Income (Loss) | 225020.03 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 59,015.84 | $ | 5,408,990.16 | 91.65 | |||
Current month additions | 137.43555 | 13,365.23 | |||||
Current month redemptions | -1,264.11 | -122,004.16 | |||||
Net Income (loss) for current month | 225020.03 | ||||||
Net Asset Value, end of current month | 57889.16656 | 5525371.26 | 95.44741423 | ||||
Monthly rate of return | 0.04143387 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 919,019.49 | |
Unrealized trading gain/(loss) | -664,862.09 | ||
Less: commissions | -7,735.61 | ||
Less: FCM fees | -5,069.54 | ||
Foreign currency gain/(loss) | -600.54 | ||
Interest Income | 28,274.30 | ||
Total Income | 269026.01 | ||
EXPENSES | |||
Management fees | 20,306.36 | ||
Incentive fees | 36,126.39 | ||
Broker service fees | 31,871.72 | ||
Total Expenses | 88304.47 | ||
Net Income (Loss) | 180721.54 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 115,938.55 | $ | 12,161,913.52 | $ | 104.90 | |||
Current month additions | 32,739.53 | 3,473,589.22 | ||||||
Current month redemptions | -589.55439 | -62,385.73 | ||||||
Net Income (loss) for current month | 180721.54 | |||||||
Net Asset Value, end of current month | 148088.5257 | 15753838.55 | 106.3812235 | |||||
Monthly rate of return | 0.014120338 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 18,467.51 | |
Unrealized trading gain/(loss) | 0 | ||
Less: commissions | 0 | ||
Less: FCM fees | -1,280.58 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 12,012.21 | ||
Total Income | 29199.14 | ||
EXPENSES | |||
Management fees | 3,037.24 | ||
Incentive fees | 0 | ||
Broker service fees | 6,648.01 | ||
Total Expenses | 9685.25 | ||
Net Income (Loss) | 19513.89 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 42,963.94 | $ | 4,161,693.03 | 96.86 | |||
Current month additions | 1,594.21 | 154,321.26 | |||||
Current month redemptions | -1,523.65 | -149,145.62 | |||||
Net Income (loss) for current month | 19513.89 | ||||||
Net Asset Value, end of current month | 43034.49133 | 4186382.56 | 97.27970357 | ||||
Monthly rate of return | 0.004333095 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jun-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 41,683.46 | |
Unrealized trading gain/(loss) | -13,480.55 | ||
Less: commissions | -423.9 | ||
Less: FCM fees | -69.77 | ||
Foreign currency gain/(loss) | -0.64 | ||
Interest Income | 2,039.20 | ||
Total Income | 29747.8 | ||
EXPENSES | |||
Management fees | 288.38 | ||
Incentive fees | 0 | ||
Broker service fees | 1,007.39 | ||
Total Expenses | 1295.77 | ||
Net Income (Loss) | 28452.03 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 6,183.38 | $ | 574,676.74 | 92.94 | |||
Current month additions | 447.13963 | 42,561.47 | |||||
Current month redemptions | -158.79592 | -15,430.14 | |||||
Net Income (loss) for current month | 28452.03 | ||||||
Net Asset Value, end of current month | 6471.71903 | 630260.1 | 97.3868144 | ||||
Monthly rate of return | 0.047846077 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
May 2007 Performance Update
The Frontier Fund Supplement Dated May 31, 2007 to Prospectus Dated February12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
May performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | May 2007 | May 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | 5.66 | % | 1.74 | % | $ | 108.51 | |||
Balanced Series-1a | 5.61 | % | 1.56 | % | $ | 97.47 | |||
Campbell/Graham Series-1 | 9.12 | % | 3.11 | % | $ | 99.27 | |||
Currency Series-1 | 2.15 | % | 2.47 | % | $ | 103.67 | |||
Long/Short Commodity Series-1 | -0.89 | % | 0.95 | % | $ | 101.37 | |||
Graham Series-1 | 14.51 | % | 8.20 | % | $ | 91.65 | |||
Winton Series-1 | 4.43 | % | -0.71 | % | $ | 104.90 | |||
Long Only Commodity Series-1 | -1.12 | % | 1.49 | % | $ | 96.86 | |||
Managed Futures Index Series-1 | 1.61 | % | -3.94 | % | $ | 92.94 | |||
Dunn Series-1 (Closed to Investors) | 12.16 | % | -6.09 | % | $ | 72.22 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 8,003,754.52 | |
Unrealized trading gain/(loss) | 6,298,830.62 | ||
Less: commissions | -151,162.11 | ||
Less: FCM fees | -90,328.78 | ||
Foreign currency gain/(loss) | 462,623.47 | ||
Interest Income | 473,360.08 | ||
Total Income | 14997077.8 | ||
EXPENSES | |||
Management fees | 89,637.07 | ||
Incentive fees | 1,466,949.02 | ||
Broker service fees | 594,070.14 | ||
Total Expenses | 2150656.23 | ||
Net Income (Loss) | 12846421.57 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,219,241.81 | $ | 227,914,641.90 | 102.7 | |||
Current month additions | 52,810.57 | 5,578,531.19 | |||||
Current month redemptions | -64,385.48 | -6,786,499.14 | |||||
Net Income (loss) for current month | 12846421.57 | ||||||
Net Asset Value, end of current month | 2207666.894 | 239553095.5 | 108.5096199 | ||||
Monthly rate of return | 0.05656884 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 182,231.98 | |
Unrealized trading gain/(loss) | 143,026.77 | ||
Less: commissions | -3,427.50 | ||
Less: FCM fees | -2,031.82 | ||
Foreign currency gain/(loss) | 10,590.57 | ||
Interest Income | 14,322.81 | ||
Total Income | 344712.81 | ||
EXPENSES | |||
Trading fees | 5,329.64 | ||
Management fees | 2,895.15 | ||
Incentive fees | 33,718.12 | ||
Broker service fees | 13,444.56 | ||
Total Expenses | 55387.47 | ||
Net Income (Loss) | 289325.34 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 54,284.68 | $ | 5,010,399.83 | 92.3 | |||
Current month additions | 3,873.40 | 368,019.02 | |||||
Current month redemptions | -389.27187 | -36,828.89 | |||||
Net Income (loss) for current month | 289325.34 | ||||||
Net Asset Value, end of current month | 57768.81228 | 5630915.3 | 97.47327455 | ||||
Monthly rate of return | 0.056048478 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 2,526,165.07 | |
Unrealized trading gain/(loss) | 2,756,431.61 | ||
Less: commissions | -18,675.05 | ||
Less: FCM fees | -26,023.82 | ||
Foreign currency gain/(loss) | -3,840.56 | ||
Interest Income | 117,682.70 | ||
Total Income | 5351739.95 | ||
EXPENSES | |||
Management fees | 100,738.98 | ||
Incentive fees | 568,834.53 | ||
Broker service fees | 132,216.61 | ||
Total Expenses | 801790.12 | ||
Net Income (Loss) | 4549949.83 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 548,524.22 | $ | 49,897,682.33 | 90.97 | |||
Current month additions | 9,570.23 | 899,969.65 | |||||
Current month redemptions | -10,755.19 | -1,015,511.83 | |||||
Net Income (loss) for current month | 4549949.83 | ||||||
Net Asset Value, end of current month | 547339.2593 | 54332089.98 | 99.26583753 | ||||
Monthly rate of return | 0.091193113 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 157,179.90 | |
Unrealized trading gain/(loss) | 14,303.69 | ||
Less: FCM fees | -3,870.26 | ||
Interest Income | 18,139.97 | ||
Total Income | 185753.3 | ||
EXPENSES | |||
Management fees | 2,365.33 | ||
Incentive fees | 2,302.38 | ||
Broker service fees | 19,317.61 | ||
Total Expenses | 23985.32 | ||
Net Income (Loss) | 161767.98 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 73,495.63 | $ | 7,458,913.45 | 101.49 | |||
Current month additions | 1,290.51 | 131,806.81 | |||||
Current month redemptions | -144.43719 | -14,707.57 | |||||
Net Income (loss) for current month | 161767.98 | ||||||
Net Asset Value, end of current month | 74641.7048 | 7737780.67 | 103.6656477 | ||||
Monthly rate of return | 0.021437064 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (201,694.43 | ) | |
Unrealized trading gain/(loss) | 27,592.71 | |||
Less: commissions | -20,799.15 | |||
Less: FCM fees | -10,219.03 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 84,291.34 | |||
Total Income | -120828.56 | |||
EXPENSES | ||||
Management fees | 72,627.84 | |||
Incentive fees | -26,181.11 | |||
Broker service fees | 67,106.63 | |||
Total Expenses | 113553.36 | |||
Net Income (Loss) | -234381.92 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 250,359.93 | $ | 25,608,290.87 | 102.29 | |||
Current month additions | 20,940.01 | 2,131,651.05 | |||||
Current month redemptions | -6,894.20 | -701,555.44 | |||||
Net Income (loss) for current month | -234381.92 | ||||||
Net Asset Value, end of current month | 264405.7312 | 26804004.56 | 101.3745218 | ||||
Monthly rate of return | -0.008949831 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 315,627.05 | |
Unrealized trading gain/(loss) | 391,688.72 | ||
Less: commissions | -2,668.92 | ||
Less: FCM fees | -2,697.63 | ||
Foreign currency gain/(loss) | -476.99 | ||
Interest Income | 11,529.72 | ||
Total Income | 713001.95 | ||
EXPENSES | |||
Management fees | 11,797.99 | ||
Incentive fees | -675.58 | ||
Broker service fees | 12,844.58 | ||
Total Expenses | 23966.99 | ||
Net Income (Loss) | 689034.96 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 60,757.53 | $ | 4,863,010.09 | 80.04 | |||
Current month additions | 1,252.74 | 106,559.78 | |||||
Current month redemptions | -2,994.42 | -249,614.66 | |||||
Net Income (loss) for current month | 689034.96 | ||||||
Net Asset Value, end of current month | 59015.84315 | 5408990.17 | 91.65318805 | ||||
Monthly rate of return | 0.145092304 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 408,076.71 | |
Unrealized trading gain/(loss) | 166,180.81 | ||
Less: commissions | -3,587.35 | ||
Less: FCM fees | -4,374.24 | ||
Foreign currency gain/(loss) | -420.72 | ||
Interest Income | 25,368.39 | ||
Total Income | 591243.6 | ||
EXPENSES | |||
Management fees | 17,578.00 | ||
Incentive fees | 92,228.22 | ||
Broker service fees | 26,749.43 | ||
Total Expenses | 136555.65 | ||
Net Income (Loss) | 454687.95 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 90,990.54 | $ | 9,140,271.65 | $ | 100.45 | |||
Current month additions | 25,855.88 | 2,660,038.95 | ||||||
Current month redemptions | -907.8662 | -93,086.09 | ||||||
Net Income (loss) for current month | 454687.95 | |||||||
Net Asset Value, end of current month | 115938.5541 | 12161912.46 | 104.8996389 | |||||
Monthly rate of return | 0.044297052 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (48,521.05 | ) | |
Unrealized trading gain/(loss) | 0 | |||
Less: commissions | 0 | |||
Less: FCM fees | -1,689.94 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 13,049.09 | |||
Total Income | -37161.9 | |||
EXPENSES | ||||
Management fees | 4,370.36 | |||
Incentive fees | 6,875.49 | |||
Broker service fees | ||||
Total Expenses | 11245.85 | |||
Net Income (Loss) | -48407.75 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 41,397.00 | $ | 4,055,314.63 | 97.96 | |||
Current month additions | 2,015.20 | 198,132.84 | |||||
Current month redemptions | -448.26137 | -43,346.41 | |||||
Net Income (loss) for current month | -48407.75 | ||||||
Net Asset Value, end of current month | 42963.93506 | 4161693.31 | 96.86480776 | ||||
Monthly rate of return | -0.011179994 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
May-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (1,889.36 | ) | |
Unrealized trading gain/(loss) | 10,903.84 | |||
Less: commissions | -294.94 | |||
Less: FCM fees | -35.14 | |||
Foreign currency gain/(loss) | -39.88 | |||
Interest Income | 1,593.31 | |||
Total Income | 10237.83 | |||
EXPENSES | ||||
Management fees | 151.69 | |||
Incentive fees | 0 | |||
Broker service fees | 960.16 | |||
Total Expenses | 1111.85 | |||
Net Income (Loss) | 9125.98 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 6,169.37 | $ | 564,276.33 | 91.46 | |||
Current month additions | 14.00834 | 1,274.42 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | 9125.98 | ||||||
Net Asset Value, end of current month | 6183.37532 | 574676.73 | 92.9390018 | ||||
Monthly rate of return | 0.016171023 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
April 2007 Performance Update
The Frontier Fund Supplement Dated April 30, 2007 to Prospectus Dated February 12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
April performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | April 2007 | April 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | 2.77 | % | -3.71 | % | $ | 102.70 | |||
Balanced Series-1a | 2.72 | % | -3.83 | % | $ | 92.30 | |||
Campbell/Graham Series-1 | 4.25 | % | -5.51 | % | $ | 90.97 | |||
Currency Series-1 | 3.41 | % | 0.32 | % | $ | 101.49 | |||
Long/Short Commodity Series-1 | 1.24 | % | 1.86 | % | $ | 102.29 | |||
Graham Series-1 | 5.69 | % | -5.51 | % | $ | 80.04 | |||
Winton Series-1 | 5.33 | % | -4.92 | % | $ | 100.45 | |||
Long Only Commodity Series-1 | -0.92 | % | 2.64 | % | $ | 97.96 | |||
Managed Futures Index Series-1 | 1.56 | % | -5.46 | % | $ | 91.46 | |||
Dunn Series-1 (Closed to Investors) | 3.13 | % | -16.27 | % | $ | 64.40 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (1,619,942.21 | ) | |
Unrealized trading gain/(loss) | 8,472,838.69 | |||
Less: commissions | -110,848.28 | |||
Less: FCM fees | -94911.72 | |||
Foreign currency gain/(loss) | -206,643.84 | |||
Interest Income | 468,421.95 | |||
Total Income | 6908914.59 | |||
EXPENSES | ||||
Management fees | 97590.6 | |||
Incentive fees | 106,003.58 | |||
Broker service fees | 578,195.74 | |||
Total Expenses | 781789.92 | |||
Net Income (Loss) | 6127124.67 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,206,124.39 | $ | 220,458,980.35 | 99.93 | |||
Current month additions | 57,764.17 | 5,931,548.77 | |||||
Current month redemptions | -44,646.75 | -4,603,011.40 | |||||
Net Income (loss) for current month | 6127124.67 | ||||||
Net Asset Value, end of current month | 2219241.808 | 227914642.4 | 102.699328 | ||||
Monthly rate of return | 0.027712679 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (34,439.22 | ) | |
Unrealized trading gain/(loss) | 180,596.65 | |||
Less: commissions | -2,397.92 | |||
Less: FCM fees | -2,052.33 | |||
Foreign currency gain/(loss) | -4,426.25 | |||
Interest Income | 13,534.57 | |||
Total Income | 150815.5 | |||
EXPENSES | ||||
Trading fees | 4,951.07 | |||
Management fees | 2,936.00 | |||
Incentive fees | 2,194.74 | |||
Broker service fees | 12,514.96 | |||
Total Expenses | 22596.77 | |||
Net Income (Loss) | 128218.73 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 52,888.39 | $ | 4,752,263.14 | 89.85 | |||
Current month additions | 1,535.31 | 142,724.19 | |||||
Current month redemptions | -139.01113 | -12,806.16 | |||||
Net Income (loss) for current month | 128218.73 | ||||||
Net Asset Value, end of current month | 54284.68345 | 5010399.9 | 92.29859293 | ||||
Monthly rate of return | 0.027252008 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 426,038.61 | |
Unrealized trading gain/(loss) | 1,657,457.71 | ||
Less: commissions | -16,742.24 | ||
Less: FCM fees | -26,572.33 | ||
Foreign currency gain/(loss) | -90,254.35 | ||
Interest Income | 132,869.62 | ||
Total Income | 2082797.02 | ||
EXPENSES | |||
Management fees | 102,852.59 | ||
Incentive fees | -159,424.02 | ||
Broker service fees | 124,846.50 | ||
Total Expenses | 68275.07 | ||
Net Income (Loss) | 2014521.95 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 539,503.40 | $ | 47,077,062.11 | 87.26 | |||
Current month additions | 16,884.27 | 1,516,896.25 | |||||
Current month redemptions | -7,863.44 | -710,797.90 | |||||
Net Income (loss) for current month | 2014521.95 | ||||||
Net Asset Value, end of current month | 548524.2244 | 49897682.41 | 90.96714456 | ||||
Monthly rate of return | 0.042483894 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 236,480.61 | |
Unrealized trading gain/(loss) | 15,435.23 | ||
Less: FCM fees | -3,680.59 | ||
Interest Income | 17,821.81 | ||
Total Income | 266057.06 | ||
EXPENSES | |||
Management fees | 5,451.88 | ||
Incentive fees | -1,415.87 | ||
Broker service fees | 18,695.76 | ||
Total Expenses | 22731.77 | ||
Net Income (Loss) | 243325.29 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 72,495.27 | $ | 7,114,985.23 | 98.14 | |||
Current month additions | 1,542.16 | 155,683.77 | |||||
Current month redemptions | -541.80211 | -55,080.83 | |||||
Net Income (loss) for current month | 243325.29 | ||||||
Net Asset Value, end of current month | 73495.62931 | 7458913.46 | 101.4878508 | ||||
Monthly rate of return | 0.03411301 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 561,191.79 | |
Unrealized trading gain/(loss) | -149,372.25 | ||
Less: commissions | -16,566.74 | ||
Less: FCM fees | -9,490.54 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 80,520.11 | ||
Total Income | 466282.37 | ||
EXPENSES | |||
Management fees | 64,532.19 | ||
Incentive fees | 46,512.30 | ||
Broker service fees | 61,687.29 | ||
Total Expenses | 172731.78 | ||
Net Income (Loss) | 293550.59 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 224,808.02 | $ | 22,712,397.84 | 101.03 | |||
Current month additions | 27,438.20 | 2,794,401.54 | |||||
Current month redemptions | -1,886.29 | -192,059.08 | |||||
Net Income (loss) for current month | 293550.59 | ||||||
Net Asset Value, end of current month | 250359.9265 | 25608290.89 | 102.2859019 | ||||
Monthly rate of return | 0.01243098 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 48,112.35 | |
Unrealized trading gain/(loss) | 242,887.78 | ||
Less: commissions | -2,374.66 | ||
Less: FCM fees | -2,069.39 | ||
Foreign currency gain/(loss) | -4,927.72 | ||
Interest Income | 12,807.15 | ||
Total Income | 294435.51 | ||
EXPENSES | |||
Management fees | 12,035.76 | ||
Incentive fees | 336.9 | ||
Broker service fees | 12,389.20 | ||
Total Expenses | 24761.86 | ||
Net Income (Loss) | 269673.65 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 62,643.72 | $ | 4,743,880.14 | 75.73 | |||
Current month additions | 88.31509 | 7,053.39 | |||||
Current month redemptions | -1,974.50 | -157,597.06 | |||||
Net Income (loss) for current month | 269673.65 | ||||||
Net Asset Value, end of current month | 60757.52829 | 4863010.12 | 80.03963059 | ||||
Monthly rate of return | 0.056907838 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (8,284.79 | ) | |
Unrealized trading gain/(loss) | 427,888.15 | |||
Less: commissions | -2,871.60 | |||
Less: FCM fees | -3,182.39 | |||
Foreign currency gain/(loss) | -14,547.46 | |||
Interest Income | 19,045.95 | |||
Total Income | 418047.86 | |||
EXPENSES | ||||
Management fees | 12,731.13 | |||
Incentive fees | 1,549.26 | |||
Broker service fees | 20,045.00 | |||
Total Expenses | 34325.39 | |||
Net Income (Loss) | 383722.47 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 67,490.95 | $ | 6,436,414.01 | $ | 95.37 | |||
Current month additions | 23,499.59 | 2,320,135.18 | ||||||
Current month redemptions | 0 | 0 | ||||||
Net Income (loss) for current month | 383722.47 | |||||||
Net Asset Value, end of current month | 90990.54287 | 9140271.66 | 100.4529852 | |||||
Monthly rate of return | 0.053297528 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (45,681.26 | ) | |
Unrealized trading gain/(loss) | 0 | |||
Less: commissions | 0 | |||
Less: FCM fees | -2,007.84 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 14,898.96 | |||
Total Income | -32790.14 | |||
EXPENSES | ||||
Management fees | 4,855.25 | |||
Incentive fees | 0 | |||
Broker service fees | 7,761.85 | |||
Total Expenses | 12617.1 | |||
Net Income (Loss) | -45407.24 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 47,083.98 | $ | 4,655,029.60 | 98.87 | |||
Current month additions | 605.79189 | 59,756.16 | |||||
Current month redemptions | -6,292.77 | -614,063.91 | |||||
Net Income (loss) for current month | -45407.24 | ||||||
Net Asset Value, end of current month | 41397.00101 | 4055314.61 | 97.96155545 | ||||
Monthly rate of return | -0.009188273 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Apr-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 3,488.09 | |
Unrealized trading gain/(loss) | 5,554.90 | ||
Less: commissions | -177.25 | ||
Less: FCM fees | -239.67 | ||
Foreign currency gain/(loss) | 27.44 | ||
Interest Income | 1,838.94 | ||
Total Income | 10492.45 | ||
EXPENSES | |||
Management fees | 959.42 | ||
Incentive fees | 0 | ||
Broker service fees | 946.81 | ||
Total Expenses | 1906.23 | ||
Net Income (Loss) | 8586.22 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 6,114.04 | $ | 550,628.95 | 90.06 | |||
Current month additions | 55.33025 | 5,061.16 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | 8586.22 | ||||||
Net Asset Value, end of current month | 6169.36698 | 564276.33 | 91.46421859 | ||||
Monthly rate of return | 0.015592034 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
March 2007 Performance Update
The Frontier Fund Supplement Dated March 30, 2007 to Prospectus Dated February 12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
March performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | March 2007 | March 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | -3.17 | % | -6.31 | % | $ | 99.93 | |||
Balanced Series-1a | -3.22 | % | -6.38 | % | $ | 89.85 | |||
Campbell/Graham Series-1 | -3.99 | % | -9.36 | % | $ | 87.26 | |||
Currency Series-1 | -0.55 | % | -2.98 | % | $ | 98.14 | |||
Long/Short Commodity Series-1 | 0.36 | % | 0.61 | % | $ | 101.03 | |||
Graham Series-1 | -3.38 | % | -10.60 | % | $ | 75.73 | |||
Winton Series-1 | -6.03 | % | -9.73 | % | $ | 95.37 | |||
Long Only Commodity Series-1 | 1.36 | % | 3.58 | % | $ | 98.87 | |||
Managed Futures Index Series-1 | -3.28 | % | -6.91 | % | $ | 90.06 | |||
Dunn Series-1 (Closed to Investors) | -6.39 | % | -18.81 | % | $ | 62.44 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (11,177,201.65 | ) | |
Unrealized trading gain/(loss) | 4,204,564.32 | |||
Less: commissions | -154,955.05 | |||
Less: FCM fees | -76,949.37 | |||
Foreign currency gain/(loss) | 30,362.23 | |||
Interest Income | 461,374.38 | |||
Total Income | -6712805.14 | |||
EXPENSES | ||||
Management fees | 78,007.16 | |||
Incentive fees | -200,765.38 | |||
Broker service fees | 538,772.53 | |||
Total Expenses | 416014.31 | |||
Net Income (Loss) | -7128819.45 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,182,384.26 | $ | 225,236,394.98 | 103.21 | |||
Current month additions | 59,189.95 | 5,873,522.49 | |||||
Current month redemptions | -35,449.83 | -3522117.43 | |||||
Net Income (loss) for current month | -7128819.45 | ||||||
Net Asset Value, end of current month | 2206124.389 | 220458980.6 | 99.93043988 | ||||
Monthly rate of return | -0.031775604 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (230,104.91 | ) | |
Unrealized trading gain/(loss) | 93,454.24 | |||
Less: commissions | -3,226.73 | |||
Less: FCM fees | -1,607.14 | |||
Foreign currency gain/(loss) | 644.24 | |||
Interest Income | 12,745.86 | |||
Total Income | -128094.44 | |||
EXPENSES | ||||
Trading fees | 4,464.35 | |||
Management fees | -2,109.89 | |||
Incentive fees | 484.91 | |||
Broker service fees | 11,298.87 | |||
Total Expenses | 14138.24 | |||
Net Income (Loss) | -142232.68 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 48,864.99 | $ | 4,536,820.62 | 92.84 | |||
Current month additions | 4,068.55 | 361,676.17 | |||||
Current month redemptions | -45.14796 | -4000.92 | |||||
Net Income (loss) for current month | -142232.68 | ||||||
Net Asset Value, end of current month | 52888.38888 | 4752263.19 | 89.85456526 | ||||
Monthly rate of return | -0.032156772 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (3,098,487.77 | ) | |
Unrealized trading gain/(loss) | 1,472,750.95 | |||
Less: commissions | -19,241.65 | |||
Less: FCM fees | -23,698.02 | |||
Foreign currency gain/(loss) | 1,041.25 | |||
Interest Income | 111,847.84 | |||
Total Income | -1555787.4 | |||
EXPENSES | ||||
Management fees | 86,571.88 | |||
Incentive fees | 158,940.28 | |||
Broker service fees | 114,125.62 | |||
Total Expenses | 359637.78 | |||
Net Income (Loss) | -1915425.18 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 528,714.81 | $ | 48,054,586.75 | 90.89 | |||
Current month additions | 18,102.80 | 1,573,177.19 | |||||
Current month redemptions | -7,314.21 | -635,276.65 | |||||
Net Income (loss) for current month | -1915425.18 | ||||||
Net Asset Value, end of current month | 539503.3984 | 47077062.11 | 87.25999178 | ||||
Monthly rate of return | -0.039938477 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (46,651.42 | ) | |
Unrealized trading gain/(loss) | 14,930.09 | |||
Less: FCM fees | -2,861.75 | |||
Interest Income | 17,106.00 | |||
Total Income | -17477.08 | |||
EXPENSES | ||||
Management fees | 3,519.26 | |||
Incentive fees | 0 | |||
Broker service fees | 17,340.29 | |||
Total Expenses | 20859.55 | |||
Net Income (Loss) | -38336.63 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 71,505.23 | $ | 7,056,746.65 | 98.69 | |||
Current month additions | 1,047.22 | 102,178.84 | |||||
Current month redemptions | -57.17609 | -5,603.62 | |||||
Net Income (loss) for current month | -38336.63 | ||||||
Net Asset Value, end of current month | 72495.2718 | 7114985.24 | 98.14412807 | ||||
Monthly rate of return | -0.005531178 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 156,867.12 | |
Unrealized trading gain/(loss) | 28,030.50 | ||
Less: commissions | -13,634.12 | ||
Less: FCM fees | -8,075.56 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 68,441.67 | ||
Total Income | 231629.61 | ||
EXPENSES | |||
Management fees | 56,299.41 | ||
Incentive fees | 29,877.19 | ||
Broker service fees | 52,714.75 | ||
Total Expenses | 138891.35 | ||
Net Income (Loss) | 92738.26 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 196,970.05 | $ | 19,829,095.10 | 100.67 | |||
Current month additions | 31,073.79 | 3,116,059.74 | |||||
Current month redemptions | -3,235.82 | -325,495.25 | |||||
Net Income (loss) for current month | 92738.26 | ||||||
Net Asset Value, end of current month | 224808.0188 | 22712397.85 | 101.0301944 | ||||
Monthly rate of return | 0.003577972 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (430,141.45 | ) | |
Unrealized trading gain/(loss) | 276,487.07 | |||
Less: commissions | -2,492.99 | |||
Less: FCM fees | -2,156.66 | |||
Foreign currency gain/(loss) | 229.29 | |||
Interest Income | 11,565.61 | |||
Total Income | -146509.13 | |||
EXPENSES | ||||
Management fees | 10,785.35 | |||
Incentive fees | 0 | |||
Broker service fees | 11,761.28 | |||
Total Expenses | 22546.63 | |||
Net Income (Loss) | -169055.76 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 63,948.59 | $ | 5,011,994.24 | 78.38 | |||
Current month additions | 540.5446 | 40,662.48 | |||||
Current month redemptions | -1,845.42 | -139,720.81 | |||||
Net Income (loss) for current month | -169055.76 | ||||||
Net Asset Value, end of current month | 62643.71656 | 4743880.15 | 75.72794864 | ||||
Monthly rate of return | -0.033835817 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (378,410.24 | ) | |
Unrealized trading gain/(loss) | 176,556.44 | |||
Less: commissions | -3,930.57 | |||
Less: FCM fees | -1,889.41 | |||
Foreign currency gain/(loss) | 484.18 | |||
Interest Income | 11,299.14 | |||
Total Income | -195890.46 | |||
EXPENSES | ||||
Management fees | 7,538.23 | |||
Incentive fees | -1,936.06 | |||
Broker service fees | 11,444.74 | |||
Total Expenses | 17046.91 | |||
Net Income (Loss) | -212937.37 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 36,323.73 | $ | 3,686,333.97 | $ | 101.49 | |||
Current month additions | 31,230.02 | 2,969,017.42 | ||||||
Current month redemptions | -62.80018 | -6,000.00 | ||||||
Net Income (loss) for current month | -212937.37 | |||||||
Net Asset Value, end of current month | 67490.95133 | 6436414.02 | 95.36706615 | |||||
Monthly rate of return | -0.060330415 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 60,014.44 | |
Unrealized trading gain/(loss) | 0 | ||
Less: commissions | 0 | ||
Less: FCM fees | -1,932.52 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 14,801.27 | ||
Total Income | 72883.19 | ||
EXPENSES | |||
Management fees | 4,827.73 | ||
Incentive fees | 0 | ||
Broker service fees | 7,577.92 | ||
Total Expenses | 12405.65 | ||
Net Income (Loss) | 60477.54 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 49,199.39 | $ | 4,798,822.42 | 97.54 | |||
Current month additions | 961.36006 | 91,758.96 | |||||
Current month redemptions | -3,076.77 | -296,029.32 | |||||
Net Income (loss) for current month | 60477.54 | ||||||
Net Asset Value, end of current month | 47083.9838 | 4655029.6 | 98.86651945 | ||||
Monthly rate of return | 0.013599748 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Mar-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (24,470.04 | ) | |
Unrealized trading gain/(loss) | 8,612.75 | |||
Less: commissions | -314.87 | |||
Less: FCM fees | -217.04 | |||
Foreign currency gain/(loss) | 34.39 | |||
Interest Income | 1,713.90 | |||
Total Income | -14640.91 | |||
EXPENSES | ||||
Management fees | 868.68 | |||
Incentive fees | 0 | |||
Broker service fees | 879.09 | |||
Total Expenses | 1747.77 | |||
Net Income (Loss) | -16388.68 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 5,652.14 | $ | 526,272.12 | 93.11 | |||
Current month additions | 1,170.47 | 104,057.96 | |||||
Current month redemptions | -708.57432 | -63,312.45 | |||||
Net Income (loss) for current month | -16388.68 | ||||||
Net Asset Value, end of current month | 6114.03673 | 550628.95 | 90.05980407 | ||||
Monthly rate of return | -0.032759058 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
February 2007 Performance Update
The Frontier Fund Supplement Dated February 28, 2007 to Prospectus Dated February 12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
February performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | February 2007 | February 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | -4.38 | % | -3.23 | % | $ | 103.21 | |||
Balanced Series-1a | -4.35 | % | -3.26 | % | $ | 92.84 | |||
Campbell/Graham Series-1 | -5.80 | % | -5.59 | % | $ | 90.89 | |||
Currency Series-1 | -2.46 | % | -2.45 | % | $ | 98.69 | |||
Long/Short Commodity Series-1 | 0.18 | % | 0.25 | % | $ | 100.67 | |||
Graham Series-1 | -6.18 | % | -7.47 | % | $ | 78.38 | |||
Winton Series-1 | -7.75 | % | -3.94 | % | $ | 101.49 | |||
Long Only Commodity Series-1 | 4.05 | % | 2.19 | % | $ | 97.54 | |||
Managed Futures Index Series-1 | -3.70 | % | -3.76 | % | $ | 93.11 | |||
Dunn Series-1 (Closed to Investors) | -12.64 | % | -13.27 | % | $ | 66.70 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 2,208,944.46 | |
Unrealized trading gain/(loss) | -12,180,090.26 | ||
Less: commissions | -145,714.31 | ||
Less: FCM fees | -61,340.92 | ||
Foreign currency gain/(loss) | 49,403.62 | ||
Interest Income | 450,140.87 | ||
Total Income | -9678656.54 | ||
EXPENSES | |||
Management fees | 63,543.32 | ||
Incentive fees | 25,964.06 | ||
Broker service fees | 536,170.26 | ||
Total Expenses | 625677.64 | ||
Net Income (Loss) | -10304334.18 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,142,199.64 | $ | 231,211,587.96 | 107.93 | |||
Current month additions | 64,923.22 | 6,986,953.53 | |||||
Current month redemptions | -24,738.60 | -2657812.33 | |||||
Net Income (loss) for current month | -10304334.18 | ||||||
Net Asset Value, end of current month | 2182384.263 | 225236395 | 103.2065704 | ||||
Monthly rate of return | -0.043763825 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 39,908.99 | |
Unrealized trading gain/(loss) | -243,703.53 | ||
Less: commissions | -2,833.95 | ||
Less: FCM fees | -1,152.11 | ||
Foreign currency gain/(loss) | 956.92 | ||
Interest Income | 14,983.72 | ||
Total Income | -191839.96 | ||
EXPENSES | |||
Trading fees | 4,074.30 | ||
Management fees | 2,089.19 | ||
Incentive fees | -184.97 | ||
Broker service fees | 10,308.20 | ||
Total Expenses | 16286.72 | ||
Net Income (Loss) | -208126.68 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 46,139.40 | $ | 4,478,547.83 | 97.07 | |||
Current month additions | 6,271.63 | 609,703.36 | |||||
Current month redemptions | -3,546.03 | -343,303.89 | |||||
Net Income (loss) for current month | -208126.68 | ||||||
Net Asset Value, end of current month | 48864.98681 | 4536820.62 | 92.84399559 | ||||
Monthly rate of return | -0.043535638 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (427,853.08 | ) | |
Unrealized trading gain/(loss) | -2,692,402.42 | |||
Less: commissions | -14,556.12 | |||
Less: FCM fees | -22,039.98 | |||
Foreign currency gain/(loss) | 4,707.29 | |||
Interest Income | 102,034.40 | |||
Total Income | -3050109.91 | |||
EXPENSES | ||||
Management fees | 28,788.07 | |||
Incentive fees | -232,935.64 | |||
Broker service fees | 115,650.25 | |||
Total Expenses | -88497.32 | |||
Net Income (Loss) | -2961612.59 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 520,077.59 | $ | 50,182,048.92 | 96.49 | |||
Current month additions | 17,552.86 | 1,688,881.18 | |||||
Current month redemptions | -8,915.65 | -854,730.76 | |||||
Net Income (loss) for current month | -2961612.59 | ||||||
Net Asset Value, end of current month | 528714.808 | 48054586.75 | 90.88942852 | ||||
Monthly rate of return | -0.058043025 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (165,017.99 | ) | |
Unrealized trading gain/(loss) | -5,726.44 | |||
Less: FCM fees | -2,828.30 | |||
Interest Income | 15,490.44 | |||
Total Income | -158082.29 | |||
EXPENSES | ||||
Management fees | 2,360.45 | |||
Incentive fees | 0 | |||
Broker service fees | 16,446.15 | |||
Total Expenses | 18806.6 | |||
Net Income (Loss) | -176888.89 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 70,317.39 | $ | 7,114,723.39 | 101.18 | |||
Current month additions | 1,216.12 | 121,725.90 | |||||
Current month redemptions | -28.2774 | -2,813.74 | |||||
Net Income (loss) for current month | -176888.89 | ||||||
Net Asset Value, end of current month | 71505.23135 | 7056746.66 | 98.68853686 | ||||
Monthly rate of return | -0.024624067 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 234,474.55 | |
Unrealized trading gain/(loss) | -128,709.60 | ||
Less: commissions | -11,883.01 | ||
Less: FCM fees | -7,178.20 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 54,793.47 | ||
Total Income | 141497.21 | ||
EXPENSES | |||
Management fees | 50,805.36 | ||
Incentive fees | 12,826.67 | ||
Broker service fees | 44,493.95 | ||
Total Expenses | 108125.98 | ||
Net Income (Loss) | 33371.23 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 193,034.05 | $ | 19,398,041.43 | 100.49 | |||
Current month additions | 6,752.71 | 680,997.47 | |||||
Current month redemptions | -2,816.70 | -283,315.02 | |||||
Net Income (loss) for current month | 33371.23 | ||||||
Net Asset Value, end of current month | 196970.0514 | 19829095.11 | 100.6706094 | ||||
Monthly rate of return | 0.001797288 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (199,295.54 | ) | |
Unrealized trading gain/(loss) | -119,320.11 | |||
Less: commissions | -2,139.83 | |||
Less: FCM fees | -2,355.32 | |||
Foreign currency gain/(loss) | 435.39 | |||
Interest Income | 11,279.57 | |||
Total Income | -311395.84 | |||
EXPENSES | ||||
Management fees | 11,779.03 | |||
Incentive fees | 0 | |||
Broker service fees | 12,550.50 | |||
Total Expenses | 24329.53 | |||
Net Income (Loss) | -335725.37 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 65,370.30 | $ | 5,461,192.34 | 83.54 | |||
Current month additions | 476.79499 | 40,083.51 | |||||
Current month redemptions | -1,898.51 | -153,556.24 | |||||
Net Income (loss) for current month | -335725.37 | ||||||
Net Asset Value, end of current month | 63948.59415 | 5011994.24 | 78.37536238 | ||||
Monthly rate of return | -0.061822332 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 15,012.45 | |
Unrealized trading gain/(loss) | -326,209.22 | ||
Less: commissions | -2,558.72 | ||
Less: FCM fees | -704.62 | ||
Foreign currency gain/(loss) | 336.45 | ||
Interest Income | 5,748.30 | ||
Total Income | -308375.36 | ||
EXPENSES | |||
Management fees | 2,817.37 | ||
Incentive fees | -3,538.17 | ||
Broker service fees | 6,055.94 | ||
Total Expenses | 5335.14 | ||
Net Income (Loss) | -313710.5 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 17,436.95 | $ | 1,918,197.27 | $ | 110.01 | |||
Current month additions | 18,886.78 | 2,081,847.21 | ||||||
Current month redemptions | 0 | 0 | ||||||
Net Income (loss) for current month | -313710.5 | |||||||
Net Asset Value, end of current month | 36323.73047 | 3686333.98 | 101.4855559 | |||||
Monthly rate of return | -0.077487902 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 183,223.76 | |
Unrealized trading gain/(loss) | 0 | ||
Less: commissions | 0 | ||
Less: FCM fees | -1,557.64 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 13,254.32 | ||
Total Income | 194920.44 | ||
EXPENSES | |||
Management fees | 3,883.90 | ||
Incentive fees | 0 | ||
Broker service fees | 7,084.31 | ||
Total Expenses | 10968.21 | ||
Net Income (Loss) | 183952.23 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 47,981.87 | $ | 4,497,688.00 | 93.74 | |||
Current month additions | 1,666.37 | 159,416.50 | |||||
Current month redemptions | -448.84598 | -42,234.24 | |||||
Net Income (loss) for current month | 183952.23 | ||||||
Net Asset Value, end of current month | 49199.39236 | 4798822.49 | 97.53824712 | ||||
Monthly rate of return | 0.040518958 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Feb-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (5,121.27 | ) | |
Unrealized trading gain/(loss) | -14,261.98 | |||
Less: commissions | -267.93 | |||
Less: FCM fees | -182.58 | |||
Foreign currency gain/(loss) | 27.87 | |||
Interest Income | 1,476.60 | |||
Total Income | -18329.29 | |||
EXPENSES | ||||
Management fees | 731.11 | |||
Incentive fees | 0 | |||
Broker service fees | 795.35 | |||
Total Expenses | 1526.46 | |||
Net Income (Loss) | -19855.75 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 5,393.43 | $ | 521,462.24 | 96.68 | |||
Current month additions | 258.71674 | 24,665.64 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | -19855.75 | ||||||
Net Asset Value, end of current month | 5652.14195 | 526272.13 | 93.11021108 | ||||
Monthly rate of return | -0.036923758 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
January 2007 Performance Update
The Frontier Fund Supplement Dated January 31, 2007 to Prospectus Dated February 12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
January performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | January 2007 | January 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | 1.20 | % | 1.20 | % | $ | 107.93 | |||
Balanced Series-1a | 1.14 | % | 1.14 | % | $ | 97.07 | |||
Campbell/Graham Series-1 | 0.23 | % | 0.23 | % | $ | 96.49 | |||
Currency Series-1 | 0.02 | % | 0.02 | % | $ | 101.18 | |||
Long/Short Commodity Series-1 | 0.07 | % | 0.07 | % | $ | 100.49 | |||
Graham Series-1 | -1.37 | % | -1.37 | % | $ | 83.54 | |||
Winton Series-1 | 4.12 | % | 4.12 | % | $ | 110.01 | |||
Long Only Commodity Series-1 | -1.79 | % | -1.79 | % | $ | 93.74 | |||
Managed Futures Index Series-1 | -0.07 | % | -0.07 | % | $ | 96.68 | |||
Dunn Series-1 (Closed to Investors) | -0.72 | % | -0.72 | % | $ | 76.35 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 2,943,240.14 | |
Unrealized trading gain/(loss) | 1,685,557.62 | ||
Less: commissions | -145,154.08 | ||
Less: FCM fees | -107,800.79 | ||
Foreign currency gain/(loss) | -17,079.14 | ||
Interest Income | 465,850.79 | ||
Total Income | 4824614.54 | ||
EXPENSES | |||
Management fees | 104,626.54 | ||
Incentive fees | 1,377,173.28 | ||
Broker service fees | 617,518.98 | ||
Total Expenses | 2099318.8 | ||
Net Income (Loss) | 2725295.74 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,105,455.40 | $ | 224,559,899.60 | 106.66 | |||
Current month additions | 73,597.19 | 7,888,928.68 | |||||
Current month redemptions | -36,852.95 | -3,962,536.06 | |||||
Net Income (loss) for current month | 2725295.74 | ||||||
Net Asset Value, end of current month | 2142199.641 | 231211588 | 107.9318583 | ||||
Monthly rate of return | 0.011924416 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 56,418.51 | |
Unrealized trading gain/(loss) | 29,611.72 | ||
Less: commissions | -2,747.62 | ||
Less: FCM fees | -2,042.23 | ||
Foreign currency gain/(loss) | -331.24 | ||
Interest Income | 11,808.43 | ||
Total Income | 92717.57 | ||
EXPENSES | |||
Trading fees | 4,626.72 | ||
Management fees | 2,852.84 | ||
Incentive fees | 25,885.93 | ||
Broker service fees | 11,711.74 | ||
Total Expenses | 45077.23 | ||
Net Income (Loss) | 47640.34 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 43,801.99 | $ | 4,203,865.43 | 95.97 | |||
Current month additions | 2,337.41 | 227,042.05 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | 47640.34 | ||||||
Net Asset Value, end of current month | 46139.39526 | 4478547.82 | 97.06559427 | ||||
Monthly rate of return | 0.011416008 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 734,073.82 | |
Unrealized trading gain/(loss) | -354,307.64 | ||
Less: commissions | -16,079.98 | ||
Less: FCM fees | -25,370.40 | ||
Foreign currency gain/(loss) | -6,375.64 | ||
Interest Income | 120,941.70 | ||
Total Income | 452881.86 | ||
EXPENSES | |||
Management fees | 112,198.99 | ||
Incentive fees | 88,914.85 | ||
Broker service fees | 134,452.98 | ||
Total Expenses | 335566.82 | ||
Net Income (Loss) | 117315.04 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 507,344.25 | $ | 48,843,313.62 | 96.27 | |||
Current month additions | 18,308.60 | 1,761,149.56 | |||||
Current month redemptions | -5,575.26 | -539,729.30 | |||||
Net Income (loss) for current month | 117315.04 | ||||||
Net Asset Value, end of current month | 520077.5923 | 50182048.92 | 96.48954245 | ||||
Monthly rate of return | 0.002280487 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
January 2007
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 37,466.56 | |
Unrealized trading gain/(loss) | -23,990.12 | ||
Less: FCM fees | -4,156.63 | ||
Interest Income | 16,891.45 | ||
Total Income | 26211.26 | ||
EXPENSES | |||
Management fees | 4,903.29 | ||
Incentive fees | 0 | ||
Broker service fees | 18,982.44 | ||
Total Expenses | 23885.73 | ||
Net Income (Loss) | 2325.53 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 68,126.11 | $ | 6,891,890.55 | 101.16 | |||
Current month additions | 2,739.36 | 276,142.05 | |||||
Current month redemptions | -548.07333 | -55,634.74 | |||||
Net Income (loss) for current month | 2325.53 | ||||||
Net Asset Value, end of current month | 70317.38871 | 7114723.39 | 101.1801422 | ||||
Monthly rate of return | 0.000199112 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 14,210.67 | |
Unrealized trading gain/(loss) | 146,879.02 | ||
Less: commissions | -12,101.33 | ||
Less: FCM fees | -6,585.08 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 64,446.25 | ||
Total Income | 206849.53 | ||
EXPENSES | |||
Management fees | 87,208.52 | ||
Incentive fees | 55,743.84 | ||
Broker service fees | 52,136.66 | ||
Total Expenses | 195089.02 | ||
Net Income (Loss) | 11760.51 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 193,966.32 | $ | 19,478,593.84 | 100.42 | |||
Current month additions | 61.20868 | 6,064.67 | |||||
Current month redemptions | -993.47786 | -98,377.60 | |||||
Net Income (loss) for current month | 11760.51 | ||||||
Net Asset Value, end of current month | 193034.0485 | 19398041.42 | 100.4902585 | ||||
Monthly rate of return | 0.000699646 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 199,143.72 | |
Unrealized trading gain/(loss) | -240,079.89 | ||
Less: commissions | -3,251.99 | ||
Less: FCM fees | -4,280.77 | ||
Foreign currency gain/(loss) | -1,474.00 | ||
Interest Income | 16,133.10 | ||
Total Income | -33809.83 | ||
EXPENSES | |||
Management fees | 22,654.93 | ||
Incentive fees | 0 | ||
Broker service fees | 15,766.19 | ||
Total Expenses | 38421.12 | ||
Net Income (Loss) | -72230.95 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 70,733.09 | $ | 5,991,336.84 | 84.7 | |||
Current month additions | 201.15496 | 16,826.42 | |||||
Current month redemptions | -5,563.94 | -474,739.97 | |||||
Net Income (loss) for current month | -72230.95 | ||||||
Net Asset Value, end of current month | 65370.30465 | 5461192.34 | 83.54240307 | ||||
Monthly rate of return | -0.013667024 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 25,259.34 | |
Unrealized trading gain/(loss) | -5,978.81 | ||
Less: commissions | -489.38 | ||
Less: FCM fees | -338.47 | ||
Foreign currency gain/(loss) | 7.77 | ||
Interest Income | 2,112.43 | ||
Total Income | 20572.88 | ||
EXPENSES | |||
Management fees | 1,381.11 | ||
Incentive fees | 2,708.05 | ||
Broker service fees | 2,191.61 | ||
Total Expenses | 6280.77 | ||
Net Income (Loss) | 14292.11 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 3,378.34 | $ | 356,924.20 | $ | 105.65 | |||
Current month additions | 14,058.62 | 1,546,980.96 | ||||||
Current month redemptions | 0 | 0 | ||||||
Net Income (loss) for current month | 14292.11 | |||||||
Net Asset Value, end of current month | 17436.9532 | 1918197.27 | 110.0075941 | |||||
Monthly rate of return | 0.041245567 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (65,256.07 | ) | |
Unrealized trading gain/(loss) | 0 | |||
Less: commissions | 0 | |||
Less: FCM fees | -2,034.50 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 13,689.14 | |||
Total Income | -53601.43 | |||
EXPENSES | ||||
Management fees | 5,219.98 | |||
Incentive fees | 0 | |||
Broker service fees | 7,585.21 | |||
Total Expenses | 12805.19 | |||
Net Income (Loss) | -66406.62 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 45,276.40 | $ | 4,321,463.94 | 95.45 | |||
Current month additions | 2,705.46 | 242,630.67 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | -66406.62 | ||||||
Net Asset Value, end of current month | 47981.8673 | 4497687.99 | 93.73724374 | ||||
Monthly rate of return | -0.017944015 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jan-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 10,139.54 | |
Unrealized trading gain/(loss) | -10,033.39 | ||
Less: commissions | -240.88 | ||
Less: FCM fees | -243.37 | ||
Foreign currency gain/(loss) | -50.09 | ||
Interest Income | 1,678.13 | ||
Total Income | 1249.94 | ||
EXPENSES | |||
Management fees | 1,001.56 | ||
Incentive fees | 0 | ||
Broker service fees | 919.71 | ||
Total Expenses | 1921.27 | ||
Net Income (Loss) | -671.33 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 5,168.76 | $ | 500,069.64 | 96.75 | |||
Current month additions | 224.66107 | 22,063.93 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | -671.33 | ||||||
Net Asset Value, end of current month | 5393.42521 | 521462.24 | 96.68480042 | ||||
Monthly rate of return | -0.000673897 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
December 2006 Performance Update
The Frontier Fund Supplement Dated December 29, 2006 to Prospectus Dated February 12, 2007
T H E F RO N T I E R F U N D ’ S G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, improves the overall performance of your investment portfolio, and enhances the power of your strategic asset allocation.
December performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | December 2006 | December 2006 YTD | NAV / Unit | ||||||
Balanced Series-1 | 2.71 | % | 1.99 | % | $ | 106.66 | |||
Balanced Series-1a | 2.67 | % | -4.03 | % | $ | 95.97 | |||
Campbell/Graham Series-1 | 4.91 | % | 2.09 | % | $ | 96.27 | |||
Currency Series-1 | 2.05 | % | 3.59 | % | $ | 101.16 | |||
Long/Short Commodity Series-1 | -0.52 | % | 0.44 | % | $ | 100.42 | |||
Graham Series-1 | 1.98 | % | 2.17 | % | $ | 84.70 | |||
Winton Series-1 | 1.73 | % | 5.64 | % | $ | 105.65 | |||
Long Only Commodity Series-1 | -5.39 | % | -4.55 | % | $ | 95.45 | |||
Managed Futures Index Series-1 | 1.01 | % | -3.15 | % | $ | 96.75 | |||
Dunn Series-1 (Closed to Investors) | -0.61 | % | -11.42 | % | $ | 76.91 |
Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.
1. The actual trading composite results of above Series’ advisor trading program(s) with pro forma expenses of The Frontier Fund applicable to the Series Units as set forth in the Break-even Analysis are contained in the Prospectus. The pro forma average annualized rate of return of the Series-2 Units will be commensurately higher than that of the Series-1 Units, to the extent that the Series-2 expenses are lower than the Series-1 expenses as set forth in the respective Break-even Table.
THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
THE FRONTIER FUND BALANCED SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 6,366,501.79 | |
Unrealized trading gain/(loss) | -335,386.74 | ||
Less: commissions | -189,069.28 | ||
Less: FCM fees | -74,644.24 | ||
Foreign currency gain/(loss) | -5,274.38 | ||
Interest Income | 356,646.43 | ||
Total Income | 6118773.58 | ||
EXPENSES | |||
Management fees | 69,266.82 | ||
Incentive fees | -374,465.23 | ||
Broker service fees | 519,826.38 | ||
Total Expenses | 214627.97 | ||
Net Income (Loss) | 5904145.61 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,071,422.96 | $ | 215,109,876.14 | 103.85 | |||
Current month additions | 70,414.40 | 7,349,047.77 | |||||
Current month redemptions | -36,381.96 | -3,803,169.92 | |||||
Net Income (loss) for current month | 5904145.61 | ||||||
Net Asset Value, end of current month | 2105455.402 | 224559899.6 | 106.6562129 | ||||
Monthly rate of return | 0.02702179 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1
THE FRONTIER FUND BALANCED SERIES—1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 108,128.28 | |
Unrealized trading gain/(loss) | 3,612.89 | ||
Less: commissions | -3,313.84 | ||
Less: FCM fees | -1,279.26 | ||
Foreign currency gain/(loss) | -64.6 | ||
Interest Income | 8,345.13 | ||
Total Income | 115428.6 | ||
EXPENSES | |||
Trading fees | 3,535.69 | ||
Management fees | 1,979.63 | ||
Incentive fees | -5,999.96 | ||
Broker service fees | 8,979.39 | ||
Total Expenses | 8494.75 | ||
Net Income (Loss) | 106933.85 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 36,279.82 | $ | 3,391,400.48 | 93.48 | |||
Current month additions | 7,522.17 | 705,531.08 | |||||
Current month redemptions | 0 | 0 | |||||
Net Income (loss) for current month | 106933.85 | ||||||
Net Asset Value, end of current month | 43801.98885 | 4203865.41 | 95.97430437 | ||||
Monthly rate of return | 0.02668276 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Balanced Series 1a
THE FRONTIER FUND CAMPBELL/GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 1,206,603.76 | |
Unrealized trading gain/(loss) | 1,253,362.80 | ||
Less: commissions | -18,408.47 | ||
Less: FCM fees | -19,757.06 | ||
Foreign currency gain/(loss) | -2,148.98 | ||
Interest Income | 98,502.25 | ||
Total Income | 2518154.3 | ||
EXPENSES | |||
Management fees | 78,119.93 | ||
Incentive fees | 80,674.22 | ||
Broker service fees | 110,996.65 | ||
Total Expenses | 269790.8 | ||
Net Income (Loss) | 2248363.5 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 488,272.30 | $ | 44,808,346.33 | 91.77 | |||
Current month additions | 25,402.58 | 2,378,702.06 | |||||
Current month redemptions | -6,330.63 | -592,098.27 | |||||
Net Income (loss) for current month | 2248363.5 | ||||||
Net Asset Value, end of current month | 507344.2477 | 48843313.62 | 96.27252864 | ||||
Monthly rate of return | 0.049063187 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Campbell/Graham Series 1
THE FRONTIER FUND CURRENCY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 145,214.81 | |
Unrealized trading gain/(loss) | -241.26 | ||
Less: FCM fees | -3,455.95 | ||
Interest Income | 14,046.70 | ||
Total Income | 155564.3 | ||
EXPENSES | |||
Management fees | 3,966.55 | ||
Incentive fees | 0 | ||
Broker service fees | 15,785.72 | ||
Total Expenses | 19752.27 | ||
Net Income (Loss) | 135812.03 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 65,301.98 | $ | 6,473,434.65 | 99.13 | |||
Current month additions | 3,423.63 | 342,808.49 | |||||
Current month redemptions | -599.50506 | -60,164.62 | |||||
Net Income (loss) for current month | 135812.03 | ||||||
Net Asset Value, end of current month | 68126.10598 | 6891890.55 | 101.1637235 | ||||
Monthly rate of return | 0.020515722 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Currency Series 1
THE FRONTIER FUND LONG/SHORT COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (265,152.50 | ) | |
Unrealized trading gain/(loss) | 177,702.10 | |||
Less: commissions | -6,362.34 | |||
Less: FCM fees | -7,710.27 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 56,162.15 | |||
Total Income | -45360.86 | |||
EXPENSES | ||||
Management fees | 14,682.29 | |||
Incentive fees | -5,306.24 | |||
Broker service fees | 46,436.52 | |||
Total Expenses | 55812.57 | |||
Net Income (Loss) | -101173.43 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 194,537.08 | $ | 19,637,048.91 | 100.94 | |||
Current month additions | 57.00621 | 5,723.18 | |||||
Current month redemptions | -627.76571 | -63,004.81 | |||||
Net Income (loss) for current month | -101173.43 | ||||||
Net Asset Value, end of current month | 193966.3176 | 19478593.85 | 100.4225583 | ||||
Monthly rate of return | -0.00512623 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long/Short Commodity Series 1
THE FRONTIER FUND GRAHAM SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (64,297.64 | ) | |
Unrealized trading gain/(loss) | 201,518.39 | |||
Less: commissions | -3,453.77 | |||
Less: FCM fees | -2,498.16 | |||
Foreign currency gain/(loss) | -280.86 | |||
Interest Income | 12,554.29 | |||
Total Income | 143542.25 | |||
EXPENSES | ||||
Management fees | 12,092.95 | |||
Incentive fees | 0 | |||
Broker service fees | 14,138.60 | |||
Total Expenses | 26231.55 | |||
Net Income (Loss) | 117310.7 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 70,816.07 | $ | 5,881,692.79 | 83.06 | |||
Current month additions | 955.62915 | 79,624.27 | |||||
Current month redemptions | -1,038.61 | -87,290.93 | |||||
Net Income (loss) for current month | 117310.7 | ||||||
Net Asset Value, end of current month | 70733.08721 | 5991336.83 | 84.70345444 | ||||
Monthly rate of return | 0.019786353 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Graham Series 1
THE FRONTIER FUND WINTON SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 741.62 | |
Unrealized trading gain/(loss) | 2,900.83 | ||
Less: commissions | -114.97 | ||
Less: FCM fees | -76.62 | ||
Foreign currency gain/(loss) | -15.54 | ||
Interest Income | 359.55 | ||
Total Income | 3794.87 | ||
EXPENSES | |||
Management fees | 301.8 | ||
Incentive fees | 413.12 | ||
Broker service fees | 412.57 | ||
Total Expenses | 1127.49 | ||
Net Income (Loss) | 2667.38 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 231.77396 | $ | 24,070.34 | $ | 103.85 | |||
Current month additions | 3,146.56 | 330,186.48 | ||||||
Current month redemptions | 0 | 0 | ||||||
Net Income (loss) for current month | 2667.38 | |||||||
Net Asset Value, end of current month | 3378.33683 | 356924.2 | 105.6508625 | |||||
Monthly rate of return | 0.017340997 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Winton Series 1
THE FRONTIER FUND LONG ONLY COMMODITY SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | ||||
INCOME | ||||
Realized trading gain/(loss) | $ | (232,478.42 | ) | |
Unrealized trading gain/(loss) | 0 | |||
Less: commissions | 0 | |||
Less: FCM fees | -1,664.13 | |||
Foreign currency gain/(loss) | 0 | |||
Interest Income | 12,199.27 | |||
Total Income | -221943.28 | |||
EXPENSES | ||||
Management fees | 4,016.62 | |||
Incentive fees | 0 | |||
Broker service fees | 6,700.07 | |||
Total Expenses | 10716.69 | |||
Net Income (Loss) | -232659.97 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 40,099.20 | $ | 4,045,401.90 | 100.88 | |||
Current month additions | 6,482.25 | 633,716.75 | |||||
Current month redemptions | -1,305.04 | -124,994.75 | |||||
Net Income (loss) for current month | -232659.97 | ||||||
Net Asset Value, end of current month | 45276.40453 | 4321463.93 | 95.44626997 | ||||
Monthly rate of return | -0.053863303 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Long Only Commodity Series 1
THE FRONTIER FUND MANAGED FUTURES INDEX SERIES—1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Dec-06
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | $ | 376.89 | |
Unrealized trading gain/(loss) | 5,031.83 | ||
Less: commissions | -237.6 | ||
Less: FCM fees | -194.96 | ||
Foreign currency gain/(loss) | 24.78 | ||
Interest Income | 1,404.85 | ||
Total Income | 6405.79 | ||
EXPENSES | |||
Management fees | 754.13 | ||
Incentive fees | 0 | ||
Broker service fees | 775.8 | ||
Total Expenses | 1529.93 | ||
Net Income (Loss) | 4875.86 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 5,007.55 | $ | 479,608.78 | 95.78 | |||
Current month additions | 166.23713 | 16,060.76 | |||||
Current month redemptions | -5.02773 | -475.77 | |||||
Net Income (loss) for current month | 4875.86 | ||||||
Net Asset Value, end of current month | 5168.76414 | 500069.63 | 96.74839409 | ||||
Monthly rate of return | 0.010110609 |
To the best of my knowledge and belief, the information
contained in this statement is accurate and complete
/s/ S. Brent Bales
S. Brent Bales, Chief Accounting Officer of the Managing Owner
Equinox Fund Management LLC
1660 Lincoln Street, Suite 100
Denver, Colorado 80264
On Behalf of The Frontier Fund—Managed Futures Index Series 1