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Alternative Investment
Strategies
WORLD MONITOR TRUST II--
SERIES D
MONTHLY REPORT/
OCTOBER 31, 2003
PRUDENTIAL FINANCIAL (LOGO)
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WORLD MONITOR TRUST II--SERIES D
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Dear Interest Holder:
Enclosed is the report for the period from September 27, 2003 to October 31,
2003 for World Monitor Trust II--Series D ('Series D'). The net asset value of
a unit as of October 31, 2003 was $115.81, an increase of 4.93% from the
September 26, 2003 value of $110.36. The calendar year-to-date return for
Series D was an increase of 24.30% as of October 31, 2003.
The estimated net asset value per interest as of November 27, 2003 was $115.67.
Past performance is not necessarily indicative of future results.
Should you have any questions, please contact your Wachovia Securities Financial
Advisor. For account status inquiries, contact Prudential Financial Client
Services at (212) 778-2443.
Sincerely yours,
/s/ Eleanor L. Thomas
----------------------
Eleanor L. Thomas
President and Director
PRUDENTIAL SECURITIES
FUTURES MANAGEMENT INC.
Please note that the value which appears on your Wachovia Securities statement
is an estimated value at calendar month-end. The actual value as of the last
Friday of the month is contained in this report.
STATEMENT OF OPERATIONS
- -------------------------------------------------
For the period from September 27, 2003
to October 31, 2003
Revenues:
Realized gain on commodity
transactions...................... $ 245,186
Change in unrealized commodity
positions......................... 1,286,005
Interest income..................... 20,758
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1,551,949
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Expenses:
Commissions......................... 130,724
Incentive fees...................... 298,414
Management fee...................... 27,526
Other transaction fees.............. 3,097
Other expenses...................... 13,416
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473,177
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Net gain............................ $1,078,772
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STATEMENT OF CHANGES IN NET ASSET VALUE
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For the period from September 27, 2003
to October 31, 2003
Per
Total Interest
----------- --------
Net asset value at
beginning of period
(198,258.282
interests)............... $21,880,709 $ 110.36
Net gain................... 1,078,772
Redemptions................ (69,949)
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Net asset value at end of
period (197,651.250
interests)............... $22,889,532 115.81
-----------
-----------
Change in net asset
value per interest.................... $ 5.45
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--------
Percentage change....................... 4.94%
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I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust II--Series D is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
/s/ Ronald J. Ivans
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by: Ronald J. Ivans
Chief Financial Officer