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Alternative Investment
Strategies
WORLD MONITOR TRUST II--
SERIES F
MONTHLY REPORT/
OCTOBER 31, 2003
PRUDENTIAL FINANCIAL (LOGO)
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WORLD MONITOR TRUST II--SERIES F
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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 F ("Series F"). The net asset value
of an interest as of October 31, 2003 was $133.88, an increase of 1.45% from
the September 26, 2003 value of $131.96. The calendar year-to-date return for
Series F was an increase of 12.73% as of October 31, 2003.
The estimated net asset value per interest
as of November 27, 2003 was $134.42. 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
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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
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For the period from September 27, 2003 to
October 31, 2003
Revenues:
Realized loss on commodity
transactions..................... $(2,486,303)
Change in unrealized commodity
positions........................ 3,519,132
Interest income.................... 40,806
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1,073,635
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Expenses:
Commissions........................ 270,793
Management fees.................... 90,446
Other expenses..................... 13,421
Other transaction fees............. 7,174
Incentive fee...................... 14,376
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396,210
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Net gain........................... $ 677,425
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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
(357,262.059
interests)............... $47,145,982 $ 131.96
Net gain................... 677,425
Redemptions................ (1,390,491)
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Net asset value at end of
period (346,822.949
interests)............... $46,432,916 133.88
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Change in net asset
value per interest.................... $ 1.92
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Percentage change....................... 1.45%
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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 F is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
/s/ Ronald J. Ivans
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by: Ronald J. Ivans
Chief Financial Officer