Exhibit 99.1
AirShares™ EU Carbon Allowances Fund | |||||||
Monthly Account Statement | |||||||
For the Month Ended December 31, 2008 | |||||||
Statement of Income (Loss) | |||||||
Income | |||||||
Realized Trading Gain (Loss) | $ | (3) | |||||
Unrealized Gain (Loss) on Market Value of Futures | 95,177 | ||||||
Unrealized Gain (Loss) on Foreign Currency Translations | (105) | ||||||
Interest Income | 89 | ||||||
ETF Transaction Fees | 1,000 | ||||||
Total Income (Loss) | $ | 96,158 | |||||
Expenses | |||||||
Unitary Management Fee | $ | 2,463 | |||||
Brokerage Commissions | 2,079 | ||||||
Total Expenses | 4,542 | ||||||
Net Gain (Loss) Before Taxes | $ | 91,616 | |||||
Income Tax Expense | 40,791 | ||||||
Net Gain (Loss) After Taxes | $ | 50,825 | |||||
Statement of Changes in Net Asset Value | |||||||
Net Asset Value Beginning of Period 12/01/08 | $ | 1,000 | |||||
Additions (200,000 Units) | 5,000,000 | ||||||
Net Gain (Loss) | 50,825 | ||||||
Net Asset Value End of Period | $ | 5,051,825 | |||||
Net Asset Value Per Unit (200,040 Units) | $ | 25.25 | |||||
To the Shareholders of AirShares™ EU Carbon Allowances Fund : | |||||||
Pursuant to Section 4.22(h) of the Commodities Exchange Act, the undersigned represents that, | |||||||
to the best of his knowledge and belief, the information contained in the Account Statement for the month | |||||||
ended December 31, 2008 is accurate and complete. | |||||||
/s/ David W. Jaffin | |||||||
David W. Jaffin | |||||||
Chief Financial Officer | |||||||
XShares Advisors LLC, Sponsor of AirSharesTM EU Carbon Allowances Fund | |||||||
XShares Advisors LLC | |||||||
420 Lexington Avenue | |||||||
Suite 2550 | |||||||
New York, New York 10170 |