Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240
July 2007 Performance Update
The Frontier Fund Supplement Dated July 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.
July performance for the various Series of The Frontier Fund is detailed below:
The Frontier Fund Class 1 | July 2007 | July 2007 YTD | NAV / Unit | ||||||
Balanced Series-1 | -7.02 | % | -4.84 | % | $ | 101.49 | |||
Balanced Series-1a | -7.06 | % | -5.09 | % | $ | 91.09 | |||
Campbell/Graham Series-1 | -8.59 | % | -1.17 | % | $ | 95.15 | |||
Currency Series-1 | -0.58 | % | 3.47 | % | $ | 104.67 | |||
Long/Short Commodity Series-1 | -2.20 | % | -2.63 | % | $ | 97.78 | |||
Graham Series-1 | -4.25 | % | 7.89 | % | $ | 91.39 | |||
Winton Series-1 | -1.90 | % | -1.22 | % | $ | 104.36 | |||
Long Only Commodity Series-1 | 2.83 | % | 4.81 | % | $ | 100.03 | |||
Managed Futures Index Series-1 | 0.83 | % | 1.50 | % | $ | 98.20 | |||
Dunn Series-1 (Closed to Investors) | -18.15 | % | -17.89 | % | $ | 63.15 |
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
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($4,110,203.34 | ) | |
Unrealized trading gain/(loss) | -10,167,377.12 | ||
Less: commissions | -286,155.05 | ||
Less: FCM fees | -114,923.83 | ||
Foreign currency gain/(loss) | 26,431.25 | ||
Interest Income | 603,629.44 | ||
Total Income | -14048598.65 | ||
EXPENSES | |||
Management fees | 109,992.63 | ||
Incentive fees | 2,156,260.85 | ||
Broker service fees | 634,184.73 | ||
Total Expenses | 2900438.21 | ||
Net Income (Loss) | -16949036.86 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 2,209,175.31 | $ | 241,128,267.85 | 109.15 | |||
Current month additions | 36,072.05 | 3,934,741.19 | |||||
Current month redemptions | -30,657.04 | -3,352,066.61 | |||||
Net Income (loss) for current month | -16949036.86 | ||||||
Net Asset Value, end of current month | 2214590.321 | 224761905.6 | 101.4914151 | ||||
Monthly rate of return | -0.070165688 |
To the best of my knowledge and belief, the information contained in this statement is accurate and complete |
/s/ S. Brent Bales |
S. Brent Bales, Chief Accounting Officer of the Managing Owner Equinox Fund Management LLC 1660 Lincoln Street, Suite 100 Denver, Colorado 80264 On Behalf of The Frontier Fund - Balanced Series 1 |
THE FRONTIER FUND BALANCED SERIES - 1A
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($97,311.43 | ) | |
Unrealized trading gain/(loss) | -243,126.87 | ||
Less: commissions | -6,750.26 | ||
Less: FCM fees | -2,701.40 | ||
Foreign currency gain/(loss) | 608.03 | ||
Interest Income | 18,386.25 | ||
Total Income | -330895.68 | ||
EXPENSES | |||
Trading fees | 5,955.67 | ||
Management fees | 3,483.98 | ||
Incentive fees | 50,370.25 | ||
Broker service fees | 14,915.29 | ||
Total Expenses | 74725.19 | ||
Net Income (Loss) | -405620.87 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 57,389.31 | $ | 5,624,646.22 | 98.01 | ||||
Current month additions | 1,560.57 | 151,921.19 | ||||||
Current month redemptions | -124.32451 | -12,482.74 | ||||||
Net Income (loss) for current month | -405620.87 | |||||||
Net Asset Value, end of current month | 58825.55322 | 5358463.8 | 91.09075065 | |||||
Monthly rate of return | -7.06 | % |
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
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($1,587,488.78 | ) | |
Unrealized trading gain/(loss) | -3,228,735.04 | ||
Less: commissions | -15,832.75 | ||
Less: FCM fees | -31,466.36 | ||
Foreign currency gain/(loss) | 2,990.79 | ||
Interest Income | 161,041.62 | ||
Total Income | -4699490.52 | ||
EXPENSES | |||
Management fees | 122,822.12 | ||
Incentive fees | -14,843.60 | ||
Broker service fees | 151,314.72 | ||
Total Expenses | 259293.24 | ||
Net Income (Loss) | -4958783.76 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 548,091.23 | $ | 57,050,061.20 | 104.09 | |||
Current month additions | 13,705.01 | 1,420,799.49 | |||||
Current month redemptions | -6,883.70 | -712,156.72 | |||||
Net Income (loss) for current month | -4958783.76 | ||||||
Net Asset Value, end of current month | 554912.5399 | 52799920.21 | 95.14998565 | ||||
Monthly rate of return | -0.085887351 |
To the best of my knowledge and belief, the information contained in this statement is accurate and complete |
/s/ S. Brent Bales |
S. Brent Bales, Chief Accounting Officer of the Managing Owner Equinox Fund Management LLC 1660 Lincoln Street, Suite 100 Denver, Colorado 80264 On Behalf of The Frontier Fund - Campbell/Graham Series 1 |
THE FRONTIER FUND CURRENCY SERIES - 1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($33,445.44 | ) | |
Unrealized trading gain/(loss) | -11,687.41 | ||
Less: FCM fees | -4,387.16 | ||
Interest Income | 22,529.65 | ||
Total Income | -26990.36 | ||
EXPENSES | |||
Management fees | 5,011.07 | ||
Incentive fees | 0 | ||
Broker service fees | 23,843.97 | ||
Total Expenses | 28855.04 | ||
Net Income (Loss) | -55845.4 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 84,271.81 | $ | 8,872,959.06 | 105.29 | |||
Current month additions | 4,541.44 | 479,858.07 | |||||
Current month redemptions | -642.71236 | -67,782.50 | |||||
Net Income (loss) for current month | -55845.4 | ||||||
Net Asset Value, end of current month | 88170.53931 | 9229189.23 | 104.6742971 | ||||
Monthly rate of return | -0.005847686 |
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
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($299,737.38 | ) | |
Unrealized trading gain/(loss) | -224,798.26 | ||
Less: commissions | -47,387.79 | ||
Less: FCM fees | -12,236.89 | ||
Foreign currency gain/(loss) | 0 | ||
Interest Income | 95,157.97 | ||
Total Income | -489002.35 | ||
EXPENSES | |||
Management fees | 86,370.72 | ||
Incentive fees | 15,231.52 | ||
Broker service fees | 75,264.14 | ||
Total Expenses | 176866.38 | ||
Net Income (Loss) | -665868.73 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 284,858.70 | $ | 28,479,911.50 | 99.98 | |||
Current month additions | 24,144.63 | 2,408,100.76 | |||||
Current month redemptions | -3,841.28 | -382,665.21 | |||||
Net Income (loss) for current month | -665868.73 | ||||||
Net Asset Value, end of current month | 305162.0547 | 29839478.32 | 97.78240072 | ||||
Monthly rate of return | -0.021980389 |
To the best of my knowledge and belief, the information contained in this statement is accurate and complete |
/s/ S. Brent Bales |
S. Brent Bales, Chief Accounting Officer of the Managing Owner Equinox Fund Management LLC 1660 Lincoln Street, Suite 100 Denver, Colorado 80264 On Behalf of The Frontier Fund - Long/Short Commodity Series 1 |
THE FRONTIER FUND GRAHAM SERIES - 1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($28,299.57 | ) | |
Unrealized trading gain/(loss) | -197,742.80 | ||
Less: commissions | -2,148.59 | ||
Less: FCM fees | -2,998.78 | ||
Foreign currency gain/(loss) | 488.55 | ||
Interest Income | 16,291.52 | ||
Total Income | -214409.67 | ||
EXPENSES | |||
Management fees | 4,305.26 | ||
Incentive fees | 3,116.57 | ||
Broker service fees | 14,761.68 | ||
Total Expenses | 22183.51 | ||
Net Income (Loss) | -236593.18 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 57,889.17 | $ | 5,525,371.27 | 95.45 | |||
Current month additions | 311.59638 | 30,216.80 | |||||
Current month redemptions | -82.8969 | -7,779.30 | |||||
Net Income (loss) for current month | -236593.18 | ||||||
Net Asset Value, end of current month | 58117.86604 | 5311215.59 | 91.38696845 | ||||
Monthly rate of return | -0.042567119 |
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
Jul-07
(Unaudited)
Current Period | |||
INCOME | |||
Realized trading gain/(loss) | ($31,377.87 | ) | |
Unrealized trading gain/(loss) | -303,725.93 | ||
Less: commissions | -6,561.55 | ||
Less: FCM fees | -7,551.88 | ||
Foreign currency gain/(loss) | 680.72 | ||
Interest Income | 43,135.53 | ||
Total Income | -305400.98 | ||
EXPENSES | |||
Management fees | 30,266.75 | ||
Incentive fees | -2,158.11 | ||
Broker service fees | 46,199.26 | ||
Total Expenses | 74307.9 | ||
Net Income (Loss) | -379708.88 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | ||||||
Net Asset Value, end of prior month | 148,088.53 | $ | 15,753,838.49 | $ | 106.38 | |||
Current month additions | 35,533.89 | 3,788,902.83 | ||||||
Current month redemptions | 0 | 0 | ||||||
Net Income (loss) for current month | -379708.88 | |||||||
Net Asset Value, end of current month | 183622.4186 | 19163032.44 | 104.3610719 | |||||
Monthly rate of return | -0.018978455 |
To the best of my knowledge and belief, the information contained in this statement is accurate and complete |
/s/ S. Brent Bales |
S. Brent Bales, Chief Accounting Officer of the Managing Owner Equinox Fund Management LLC 1660 Lincoln Street, Suite 100 Denver, Colorado 80264 On Behalf of The Frontier Fund - Winton Series 1 |
THE FRONTIER FUND LONG ONLY COMMODITY SERIES - 1
STATEMENT OF INCOME (LOSS)
FOR THE MONTH ENDED
Jul-07
(Unaudited)
Current Period | ||
INCOME | ||
Realized trading gain/(loss) | $121,686.47 | |
Unrealized trading gain/(loss) | 0 | |
Less: commissions | 0 | |
Less: FCM fees | -1,958.36 | |
Foreign currency gain/(loss) | 0 | |
Interest Income | 14,051.06 | |
Total Income | 133779.17 | |
EXPENSES | ||
Management fees | 4,889.75 | |
Incentive fees | 0 | |
Broker service fees | 7,501.62 | |
Total Expenses | 12391.37 | |
Net Income (Loss) | 121387.8 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 43,034.49 | $ | 4,186,382.55 | 97.28 | |||
Current month additions | 2,496.54 | 246,681.69 | |||||
Current month redemptions | -104.08489 | -10,217.93 | |||||
Net Income (loss) for current month | 121387.8 | ||||||
Net Asset Value, end of current month | 45426.94773 | 4544234.11 | 100.033886 | ||||
Monthly rate of return | 0.028308861 |
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
Jul-07
(Unaudited)
Current Period | ||
INCOME | ||
Realized trading gain/(loss) | $4,896.40 | |
Unrealized trading gain/(loss) | 2,020.68 | |
Less: commissions | -385.42 | |
Less: FCM fees | -279.78 | |
Foreign currency gain/(loss) | 185.15 | |
Interest Income | 1,232.12 | |
Total Income | 7669.15 | |
EXPENSES | ||
Management fees | 1,119.38 | |
Incentive fees | 0 | |
Broker service fees | 1,098.70 | |
Total Expenses | 2218.08 | |
Net Income (Loss) | 5451.07 |
STATEMENT OF CHANGES IN NET ASSET VALUE
Units | Dollars | $$ per unit | |||||
Net Asset Value, end of prior month | 6,471.72 | $ | 630,260.11 | 97.39 | |||
Current month additions | 10.60684 | 1,062.88 | |||||
Current month redemptions | -283.62717 | -28,090.68 | |||||
Net Income (loss) for current month | 5451.07 | ||||||
Net Asset Value, end of current month | 6198.6987 | 608683.38 | 98.19534865 | ||||
Monthly rate of return | 0.008269316 |
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 |