-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DC88dOEicZpSXPUFvhRdsVr0aEPKDaxijOArYhBX7KF8IVFNo3uiBiZ1KFUVRZtV LK0MpU5piFYhWdOEG/Lzzg== 0001193125-07-180824.txt : 20070813 0001193125-07-180824.hdr.sgml : 20070813 20070813170021 ACCESSION NUMBER: 0001193125-07-180824 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20070813 DATE AS OF CHANGE: 20070813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIER FUND CENTRAL INDEX KEY: 0001261379 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240 FILM NUMBER: 071049748 BUSINESS ADDRESS: STREET 1: 1660 LINCOLN STREET CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LONG ONLY COMMODITY SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389127 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-03 FILM NUMBER: 071049750 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WINTON SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389124 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-07 FILM NUMBER: 071049751 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LONG/SHORT COMMODITY SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389128 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-02 FILM NUMBER: 071049753 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMPBELL/GRAHAM SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389125 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-06 FILM NUMBER: 071049755 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BALANCED SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389122 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-08 FILM NUMBER: 071049756 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANAGED FUTURES INDEX SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389129 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-01 FILM NUMBER: 071049749 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CURRENCY SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389126 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-05 FILM NUMBER: 071049754 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRAHAM SERIES, a series of The Frontier Fund CENTRAL INDEX KEY: 0001389123 IRS NUMBER: 386815533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140240-04 FILM NUMBER: 071049752 BUSINESS ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-837-0600 MAIL ADDRESS: STREET 1: C/0 EQUINOX FUND MANAGEMENT LLC STREET 2: 1660 LINCOLN ST., SUITE 100 CITY: DENVER STATE: CO ZIP: 80264 424B3 1 d424b3.htm JULY - 2007 PERFORMANCE SUMMARIES SERIES 1 July - 2007 Performance Summaries Series 1

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-140240

 

LOGO    LOGO

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

GRAPHIC 2 g85383img01.jpg GRAPHIC begin 644 g85383img01.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^(,6$E# M0U]04D]&24Q%``$!```,2$QI;F\"$```;6YT`",` M*``M`#(`-P`[`$``10!*`$\`5`!9`%X`8P!H`&T`<@!W`'P`@0"&`(L`D`"5 M`)H`GP"D`*D`K@"R`+<`O`#!`,8`RP#0`-4`VP#@`.4`ZP#P`/8`^P$!`0&!YD'K`>_!]('Y0?X"`L('P@R"$8(6@AN"(((E@BJ"+X(T@CG M"/L)$`DE"3H)3PED"7D)CPFD";H)SPGE"?L*$0HG"CT*5`IJ"H$*F`JN"L4* MW`KS"PL+(@LY"U$+:0N`"Y@+L`O("^$+^0P2#"H,0PQ<#'4,C@RG#,`,V0SS M#0T-)@U`#5H-=`V.#:D-PPW>#?@.$PXN#DD.9`Y_#IL.M@[2#NX/"0\E#T$/ M7@]Z#Y8/LP_/#^P0"1`F$$,081!^$)L0N1#7$/41$Q$Q$4\1;1&,$:H1R1'H M$@<2)A)%$F02A!*C$L,2XQ,#$R,30Q-C$X,3I!/%$^44!A0G%$D4:A2+%*T4 MSA3P%1(5-!56%7@5FQ6]%>`6`Q8F%DD6;!:/%K(6UA;Z%QT701=E%XD7KA?2 M%_<8&QA`&&48BABO&-48^AD@&449:QF1&;<9W1H$&BH:41IW&IX:Q1KL&Q0; M.QMC&XH;LAO:'`(<*AQ2''LP>%AY`'FH>E!Z^ M'ND?$Q\^'VD?E!^_'^H@%2!!(&P@F"#$(/`A'"%((74AH2'.(?LB)R)5(H(B MKR+=(PHC."-F(Y0CPB/P)!\D321\)*LDVB4))3@E:"67)<`^(#Y@/J`^X#\A/V$_ MHC_B0"-`9$"F0.=!*4%J0:Q![D(P0G)"M4+W0SI#?4/`1`-$1T2*1,Y%$D55 M19I%WD8B1F=&JT;P1S5'>T?`2`5(2TB12-=)'4EC2:E)\$HW2GU*Q$L,2U-+ MFDOB3"I,%W)7AI>;%Z]7P]?85^S M8`5@5V"J8/QA3V&B8?5B26*<8O!C0V.78^MD0&249.EE/6629>=F/6:29NAG M/6>39^EH/VB6:.QI0VF::?%J2&J?:O=K3VNG:_]L5VRO;0AM8&VY;A)N:V[$ M;QYO>&_1<"MPAG#@<3IQE7'P,QY*GF)>>=Z1GJE>P1[8WO"?"%\@7SA?4%]H7X!?F)^PG\C M?X1_Y8!'@*B!"H%K@%JX8.AG*&UX<[AY^( M!(AIB,Z),XF9B?Z*9(K*BS"+EHO\C&.,RHTQC9B-_XYFCLZ/-H^>D`:0;I#6 MD3^1J)(1DGJ2XY--D[:4()2*E/257Y7)EC26GY<*EW67X)A,F+B9))F0F?R: M:)K5FT*;KYP0)ZNGQV?BY_ZH&F@V*%'H;:B)J*6HP:C=J/F MI%:DQZ4XI:FF&J:+IOVG;J?@J%*HQ*DWJ:FJ'*J/JP*K=:OIK%RLT*U$K;BN M+:ZAKQ:OB[``L'6PZK%@L=:R2[+"LSBSKK0EM)RU$[6*M@&V>;;PMVBWX+A9 MN-&Y2KG"NCNZM;LNNZ>\(;R;O16]C[X*OH2^_[]ZO_7`<,#LP6?!X\)?PMO# M6,/4Q%'$SL5+QHM\IWZ_@-N"]X43AS.)3XMOC8^/KY'/D_.6$ MY@WFENV<[BCNM.]`[\SP6/#E\7+Q M__*,\QGSI_0T],+U4/7>]FWV^_>*^!GXJ/DX^#NZ_BZQW)!\J!4GZ7DZ1`,!,C!LAJKV/*Y#JY&#+X^4RVU M4P]<,`*S@.C]JS;"31<#*7#2%4T$PNQ.E<(%3`%^=A\9"5E>9Z/9`G(DF0ER-_,TM7,Y=K%7[$5RP%ZL4!T\UF>%F*8'8G'A(IUKO8R_P"8Z^5F MBO9(>F0E97F^CV?#V`XM9^9DW7;6LQ%2?2=+)FQ,.9'267,TC,=-)9 M$S6F<2F)[DKK,WL8VYM<$G__V@`(`0$``04"S+*-E3;-P2#.8*W;V59A1VN" MYIFX^;75G'2TZ;*V^)4!E1G"1[&MQMV:_P`LO;[,]CIL!H>I+_:F7S[+NK'' M<&PJR+N,2V%E&PH]BX"/L*"#]C9J M[)M>%V>Q=G[!]C6W_,F->W-FQ'Q[4TG806V:7?9OMW_K?N8`D6>*$9J'8ZHIA9`: M@2M'NMW_`&WAS5UM=]F^W9476VY_RUCK;V!L;):S$=W81L&@S^#?:HDR/;B& M_P#G@5OUWQ3XD"@SR.$`(F16N:RMJ_JFR1OXT(-A,`]?"1(^#XC""A1EM#DA M8R`:(BLJ3W!"5HB3CUYKR!:Z4C@==,W);*&S?E67UUG908Z+*'CU/!-!08UX MJ4>-5BUD?*NO+ARTJOFGR;E]736!F11S255./,/0X#5V5375X!,>8WP4L]WS M_]H`"`$"``$%`@A:QM8YU*(*4XL*OF`X&/&30F01C3T+$D%L61UU M57^>A]TD^:K%C6IO(W0A0_.R3NE)W2R[A6Q0STAT`X\V.MZN%QQ5=1S^-Z@_3\/K M,>YU.Z>(YR)U.1O/$DZ.=3E:KG*G'.<]456JJJJMED9QSWOXCG-XCG(GX/\` M_]H`"`$#``$%`C";%;(%#6QVQ)<,@1AJ&2R)#%ZC;-B8Y'M2PF;<@%33F6/U M_14SV9:V,T@X0/6,@!TEA9G^ M2D]M#^7LD>EI3/24R;Y./]NN.VUWD+&66&Y"GG(BOUZ>"ODL[7G\BY;>>'_: M79;'2"J8R2JB:K(FQI-=8ZU8Y9ODX_VZX[;7>0L"(Q+H(^`YM[^KRE]SH9U< M5C7+T,5W/#CZN=#>I&-:O&M:Q%1'(B(B.CC>K6,9QS&.XK&.7\'_`/_:``@! M`@(&/P+SN.:X]NF8GYH>0#A%3EUJ>?&`ED0!S'GJAZAZ=<([J$%-A;IUSJTMIK^*.'A8\8S M,=)I3XJ.";/&X]2DBCW&O("?C<JE.*!+&,JCC_3K M@&.HX')PII!&SBZ2C%$\2,S9PL7&XAK7,`KJWDWT]KKWRNOKR44/B-VI_P!_ MT!2>([:HX%#S]14WB.VJ6.=_#BXN]^EUJCD?NAXVIW MJKG-\G;6OY:)\@T.<2L+,W2V>OU+#RMW7`GXVIO>&U'N-4//U%3>([:I#YMC8VVT MY5+X9V)OM^(IG<&Q2SQ[T5KMBQ4C=US@=J=W3L0[Q4O-UA1>&-BCDA9?((]' MZE?B(^&^NA0.&+#L3?3& MAWFKJ4_,FL.D-"Q,+M#H:?2IXW;PH-J=W3L0[Q4O-UA0^&%'/+6P1_N1=!6C M=:PWC?)?ZYV=/L.G)?07Z\E7`$A7D"[)?:+]?+DNH+E4`5.2C0`%1V<*@T*K MV@GF78`"[0!HKB!_;>/N9.;I359CA4*HH]%7*)0JO7CJ=;G]WAKLK$]H7JU.WW) MIO1`2L3O,1JQV!\P!H/R+,;.3QM^@"P`P".!&-5!ND!GCM)\FVJOS(N#BF=G6[\) M^$`JN)#6FP=?RE`>N")8N0%LL*>?C(\LZJW4[]&W7195S>/3>H6AO]?*>K79 M=^VJ>W["E5J"/3I`T9!N+K7E3ZD1AS.JSG#:9V\\:^9&(R=H'T.WQ+N.I>DB\_,3D`2?4KK2#$0B'5[$TB9D:UI(UJE:^3T)(%3`)JB4!%J1_/\-=PYK$N&OD:%9+*KC4M MX@1W:R2F5-@EG]VR?'7;F5R#(;=R&'HV[3!`5P;WH`V%"PB`")*?".&L5V=V M5DJ-2UJR(QE/J].G`_#C?UK8 M76@T.DZ)!)P00ULG,@,1.P^.^N[_`-W,Q^!=K$?[:O\`_16M8#]BXK\`C7=V M=QTSZGM0.WNX-H\>G6^!UR+^:!68F?T=]?-/*59WK9+(T+R)_P!7:=DG#'Y1 MYMM9;]F7_P`*W57]K9;^N#7=O_95O[2I:[/_`'>Q?X5>NW,EA,.S/Y*OVQLC M%)ZG4L]4LRILCT@8?W*SD_#W:;>[B[=?VQ>"\ZN..?UI,JRUI)=K[]2BY6DP MH\-O+KL&RM)665NZ(L+K+^W8-(*8"`V@IYW$/+'"?'5;N>UB/@%7L6@5*QC[ M%CJ7ANV?7@I30)5=G/+'')>2("%[>,^PHWX_^F1P_P!W'L^3?';^\C/QF'UW M/@CGIT>]J`YJD,S`@5X(.R?+'OGGBU&NY,=4'J6KN#R=:LO_`$CW4V@IL4LA?3Y=QG??AK%TG;=6ICJ-5NW M&.I7JJ4>T^^.8-?,W#6=I3D^RO0MCA,P%FM@5\VWTAS;Q]<:[^QMJ.6UCV8V ME9#WBZM8RB6?X0:RW[,O_A&ZJ[3O_P"6RW]<&N[=_P#HJW]I4M=G_N]B_P`* MO7;6>RW6]%2[8F'166+7_K,YFNOD61K@OO&1OQ\-9"Q@8NPO&N2BQZVN%MTT>NZ/AMU-O4=+^+41O&\[[1OQG;QVCW[;ZKLM5JCG)/>HRPE+&* M9]K>N3!DEGY-_+QX:3>*K4=84/ZO<)*6.6/'_(V)&3`?-/A/OUS1,2,QO!1. M\3'T[^&VOB2Z%#UK(W]>%6OZHX*/'U4!U2B1^O7D,#\)\I07"?#P^G1W!J5A MN-'D9:%"HLL#R^0WP/5,?)'"9]VK!5D4U6F\K+9(6E=ALES2)V9"(8>_':2U M"6FK=T3`J80;MC;S1`%]N-O'71IUJ]1.\ETJR5H7S%]J>10B.\ZE-Z*QH=,! M*K<*)+9WW@)!WD.=X\-`M8JKH7`@M8"*E!'`0`!C81CW1$:BQ:Q^.N'R0(OL M5*U@NG&\P,,8LYY(F?R:9\.K4:PLD2;Z)*$P<\ODEG0$8*>2>&_NT(644[;* MI0T`>I+SKG/V6"+((DE.W">&JS;5>DRTHOU-MA2#L+*///IC8,L$HVW\OLS. M28`"EJ*"*Y367+6VTSQU@[:*QGCZ*+";+(/:(G)PP"F% M[?>PB::Y*=XY>:/'6*#$E*K:,I%B+'YE>!H7@DV?H%U.3\I:Q--RS6ZMC:Z# M6S[8FM4!,%MPYN&L?6:JWE M\W,/C$;>SM_I@$JK9)MBP;:R[:EK&A:&.932@8(V%`B7B!3OIO00RRQ=C'V> M@F()S`JY&K9;"A*1@F=)4[1OQU0K.7(/7CE+-4[,50`0G:9XUS$ES_,UF+Q4V+0U)Q%V1`5V(96P8)6!\W.R5'3= MPVV'^'7;UE5%UJ:]C8FRM3:E=,OK,BK`';'^,&XQ`@!$CWA.`["1+V?(QC4>OPC5(2.ER";/;M(6FEKPX% MB/6UFPR`%0SJKSR1%855$@FS$I\DV`L>BWL_B#TP/SI:+$N9'HCUOK'<%Z&> M89,]G+L8@X_MA@EX/&4A>(,`LU\K2]/6SRA>;CGCI="M6X^K+DI8+GK'T>W6 M3]MG/H(8/;G/Y,[WS[#A]DU+E-)&G`,WR"%\7%[#U`[[\T1R]LVUO"^]AG8S;S@B/D(M@ MM1WSX8RLOR\KIEG6":H:VV!X\X,_(U$`D)M!IX,5:Z3`F_:J;N9W[LT`+JRT M!U@4H,0I1)ORRN0A\X$NT4B'9ETX$)@.\@!X,VWW`=6YE`=EPR,$G4FV`JMM M:R/[O'SQS(UKG$VL9(?-#>Q)>BY1`D5KO5)9D/6<-O!-VZ8ICY\O8*E]@=.0*NX$@T$AP>6WPI%E) MR%`JN[H6MN^[2(FT$FL%]TY3K$O-9.7*X?'Q#9E5%+G^Z;/?@SE@H/`QEBN1 M;//>H\G.;:M:_4.C_]H`"`$"`P$_(1K>_P!1H!CYSJ7=GBKJ3-D'(#(]!*ZR M+1O[/>^]YVB(XGD,/BIN-:?K%@4BK6/ MAXY>,4JI5=4VP>LEL!-+.^?#UA25!*G<\F\$:%G.AAO$%3A!B$T(^>Z ME7MG&+74XYX2Z,@#!.\SS=E.&->YT+4*ZI3@VG.'7QX6RII>/G$HH'P$V>./ MG)8IB2$V;?!-^\_->'2#\IY9R-G]E?\`->\Y#^?(.?E/#H/]KE^&\L,NQJX) M1S.76:&49G*W1>-?WA-@(UX+2OHYR20`'F$:ZT'-5]='I_JL##+]R:/UC0<^ M_`+A?K>S?#X>[?&#Q`GVW.S=GTYX[9?`6?EO#H+]KE^&\LUD-*PU7.^V;PH2 MKPSP8;D%#R_%>NA[X79E^..BH3DC+\^<'"'R5C]=+?VH_3CHD('@K#ZQV!&,N+A.8%C\^?X&/_C9 MV_A__]H`"`$#`P$_(56LM1][BX-<;]NAZ.]S;Y:`EX<\>TSA(3_9<$I*"%$1OGR?>'.93`A>[OP9#:4T\!J4?>+/L M)!0:[>?>,5`1E[#C&QJ#Y3#NG@#DVW'L9J13X^]T=\$GR$'XY]N62#Z2^.S' MM3HG"0=Z([T/'Q@)!7S:9=@[^,0RL!RAU.><[T)*TW3H\MUKC/POEG[IE^5\ M,XYC^N?^YQQ@^UY^4\L_-^<_7](I&VM/>P\7@WC%EY5XUO<_#'B;&>9&?>;X MN$\F@Z.Z]N#W_"^Q_P"^57U],;SL1-/E6)/2T>S\]YQG$;C]`9WL(^S'/-M\ MB<_*>6?F_.?K\OP/C._.AZ(=A?[YZ%.`% M!GQXQ`2/#"GP\])3^&/VYZ`HT\L*_>-#.1`+\^O\`_]H`#`,!``(1`Q$` M`!"<<_G*L*,1:CUQ3F\**[&\PW+9%,SJ]`MD@PI9#D3S2.RGA-$BC+ZL6X( M%=&(8^%[V^),QT,N:2Z:]=M"K'%@,66/V7"H!K4U5MW!E&\M&JAQ#JHA\(>) MH8OCX>IJ!.2$-(!_R5:GD1A`V&%];8Y!-0W!725EGE M@-8NN15:F[2?=H3'B'DHI-VWJZ:.#'X6Y$7E0;HQ?:@=*I]4@H-XWI-PM=BW ME<;63]9\RJ=.GGTH8$X?K]'^=(J.@:U%$Y;XBM83PA/TO07LY_$N$N^7FX*" MBX'2TTIS?&,_(T,0THFQ0W"%OXUYC&C;*"T-G3J(]K@.[.+\8@4191![AHIQWPT"=GBCR/H!XQF.@E\YP?U&ZRIDC`5F,'/DXX>NOAM MAKVT-XWR!=`3-UDT#88*%'@'=JFP2H"$]P)%$'7$Z-A='0";RC=H]HKLE2Y1%>DH1;4]` M=!&3DY9!>2`M4)E7W@**2;D`Z+SAGE(.!&`+TI7,,5DB7Q=U1CV*,Q2.D'2- M@,F\.C[,3E*W!I>4R:T/=U?/:MT-E,&M![XCH`"FO@5\\4@!CY-+37(!`)'T M[Y`M2),,D8OP%4A.PVN(,,8D\+VSDA0S0QGE\OZ&*@<&=IDFU>(#J4%7`KM$ M<5.QJ)JK9>?Q;"S((5B:90LZ%\/6-(%\7HP"`P6M!+!AJ3-O][FTT456H;+; M$$)HM\/":`NC$Q2<'5Z"#W>2$$6&-6886@ZLD0 MH*;P@M'4S@VRDW2D5R8=[#LTAJDK+5<9K;%MA@;@S__:``@!`@,!/Q!DA6D> M3MD1K(Y882>.1!```)'":+)L0V/!:_&4WA M2H&6BV"#9"6?NO(9?LP_NI(V(L2LAPKB$Q(,1$1-]0#9C=.+BA/B4?+T84Y( MP@-+[;`[^^(A!)*`M@-APXZAX%0\%;='+MRL"=(`(VWJKQ\8M'H&JRY'#EQO M`S$`^4K+%0!U?&&:_`T8NR*=0`G0?1UZE"L=ID;KC&[O$J2T#4QVR2<$9FV1 M!5H-D(=`H%SV8F5CXE)ZEKT8^62[M8PH!:%`'T"B5#?TUE_ MY@!Q@I2FS_OZ^=8MB=@L8!GTW$ZK?P@OHK@O;?9.T!H`RA(-L-'/Q(X_3EZ+ M/2)T7K)^P6VWN7H6YX4!WH"`V\WG'`C1!-#JHS=E0=NP[Y9FI`=:"P:-$XP4-`=/C$KF`J@<%2Z[8K4M( MAVTD37C$3$JJJKRJ[5\N)7UJ%+HL06!_6!DJ"Z'@IA\9)$;@AX8E/3A^WA`? M`$/M>FOO"1\Y%WQD77&=NBCQTG?-2=^A(WG`K.,[]![Z_P#_V@`(`0,#`3\0 M+G3#SA=UG$./C%$%K`#4&'=G"Q-X[>3>4;0P+J8;$P8"-HZ#0J`*J.%ZIXT9BI$ M#;IX>W$^$=;AH6&OHD`*K;3I3>#J M#?\`;7?&S:28T`,,(5,F/\X2%&`8<0@;1Z;"7(JAL)'ESAZRVD"#@44HRFBR MZ"2%5H@_&&0CG`1\@4H"@5LQ(G/-<^1#]+N^A"^KB_7X.(_WI\_'^'19^7\, ME$35;((6QX=L'E"[B1&I15.,%NP9Y8(>XA[<.&H_=6#DH=`@JCI$KLQ^NC#V M'_S_`"X*^.#H27/.YUABP7Y`#[=8(&LX1AY=F(X16!;VE(G!(+6Q=X&IE"Z%)*$-^\T1X_ZXI,+ MWV1?H='EY=NFP+(>!\::>K.B;2K06MI%6CB<8;"XK%O2$*%FW6)%14NIQ8+BK?IM#S0Q]F\Y1>0[FPNV])TF[C @;C9K"SWA?EAQO#WTW\,[]&T\8V:YPL]Y7?#Z.O\`_]D_ ` end GRAPHIC 3 g85383img02.jpg GRAPHIC begin 644 g85383img02.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^(,6$E# M0U]04D]&24Q%``$!```,2$QI;F\"$```;6YT`",` M*``M`#(`-P`[`$``10!*`$\`5`!9`%X`8P!H`&T`<@!W`'P`@0"&`(L`D`"5 M`)H`GP"D`*D`K@"R`+<`O`#!`,8`RP#0`-4`VP#@`.4`ZP#P`/8`^P$!`0&!YD'K`>_!]('Y0?X"`L('P@R"$8(6@AN"(((E@BJ"+X(T@CG M"/L)$`DE"3H)3PED"7D)CPFD";H)SPGE"?L*$0HG"CT*5`IJ"H$*F`JN"L4* MW`KS"PL+(@LY"U$+:0N`"Y@+L`O("^$+^0P2#"H,0PQ<#'4,C@RG#,`,V0SS M#0T-)@U`#5H-=`V.#:D-PPW>#?@.$PXN#DD.9`Y_#IL.M@[2#NX/"0\E#T$/ M7@]Z#Y8/LP_/#^P0"1`F$$,081!^$)L0N1#7$/41$Q$Q$4\1;1&,$:H1R1'H M$@<2)A)%$F02A!*C$L,2XQ,#$R,30Q-C$X,3I!/%$^44!A0G%$D4:A2+%*T4 MSA3P%1(5-!56%7@5FQ6]%>`6`Q8F%DD6;!:/%K(6UA;Z%QT701=E%XD7KA?2 M%_<8&QA`&&48BABO&-48^AD@&449:QF1&;<9W1H$&BH:41IW&IX:Q1KL&Q0; M.QMC&XH;LAO:'`(<*AQ2''LP>%AY`'FH>E!Z^ M'ND?$Q\^'VD?E!^_'^H@%2!!(&P@F"#$(/`A'"%((74AH2'.(?LB)R)5(H(B MKR+=(PHC."-F(Y0CPB/P)!\D321\)*LDVB4))3@E:"67)<`^(#Y@/J`^X#\A/V$_ MHC_B0"-`9$"F0.=!*4%J0:Q![D(P0G)"M4+W0SI#?4/`1`-$1T2*1,Y%$D55 M19I%WD8B1F=&JT;P1S5'>T?`2`5(2TB12-=)'4EC2:E)\$HW2GU*Q$L,2U-+ MFDOB3"I,%W)7AI>;%Z]7P]?85^S M8`5@5V"J8/QA3V&B8?5B26*<8O!C0V.78^MD0&249.EE/6629>=F/6:29NAG M/6>39^EH/VB6:.QI0VF::?%J2&J?:O=K3VNG:_]L5VRO;0AM8&VY;A)N:V[$ M;QYO>&_1<"MPAG#@<3IQE7'P,QY*GF)>>=Z1GJE>P1[8WO"?"%\@7SA?4%]H7X!?F)^PG\C M?X1_Y8!'@*B!"H%K@%JX8.AG*&UX<[AY^( M!(AIB,Z),XF9B?Z*9(K*BS"+EHO\C&.,RHTQC9B-_XYFCLZ/-H^>D`:0;I#6 MD3^1J)(1DGJ2XY--D[:4()2*E/257Y7)EC26GY<*EW67X)A,F+B9))F0F?R: M:)K5FT*;KYP0)ZNGQV?BY_ZH&F@V*%'H;:B)J*6HP:C=J/F MI%:DQZ4XI:FF&J:+IOVG;J?@J%*HQ*DWJ:FJ'*J/JP*K=:OIK%RLT*U$K;BN M+:ZAKQ:OB[``L'6PZK%@L=:R2[+"LSBSKK0EM)RU$[6*M@&V>;;PMVBWX+A9 MN-&Y2KG"NCNZM;LNNZ>\(;R;O16]C[X*OH2^_[]ZO_7`<,#LP6?!X\)?PMO# M6,/4Q%'$SL5+QHM\IWZ_@-N"]X43AS.)3XMOC8^/KY'/D_.6$ MY@WFENV<[BCNM.]`[\SP6/#E\7+Q M__*,\QGSI_0T],+U4/7>]FWV^_>*^!GXJ/DX^$P0/'_V@`,`P$``A$#$0```7W]%0+DI+9F5E@2]S5`._0]R*YJBV+1[GW7 MG077XSGGZ*B=*?-/0*;N:JO;#@@S#1JK&@3\DVQ56;7JC*H#:K^9"A6*C>=" M=+2J[%$'Q+](?!!=D.?TK:N/I9Y49-GT;D1>TQ[D1S79CHE<9EW?^3L9I78J MZL>"J+:L>]"?WH21M?'TOLA.O/M_1_HEU$ M)U,D%=>8G+&H[FJM^EMI@1^[4=T[8R!.S`UJV1$>B8V>,V&8G=J,ZMD8.*1@ M2#<<@$,LQP(;<(KV$8#)`5DP9!,A&0#(;DG(S!ELQQ,P:2,ON3'D_]H`"`$! M``$%`C9K8T[LF"AMHBRU93E653&:HR+-L"RNLFRF;C=F[9R*6Q7!HMYPF,DV MSWHZ(D]NR.;UL&7/@,+U%FQ.;8OJ'*9K+=;'9@9796SD:ZS*:E3ZA\KGX M_9L#E<_E.RONN0Q.ZL6ELCEAZUW;S-K[_MTXY6:^]6^_;"$[+6*^^M;:]ML1 MO_Q\[^/O^2SE:F\+TVA#>L@OVOR&K?;;`6/Z;C8V/U^WEN/8ANN)VO@$[)4< M>WK/;6:Y9!;+R^MJ)?@.@C^D"D#Q(H'&]BX:/MRMM^VSV..9/I7 M\?0V$P6M/499G5=:=D;<%>"A9$`L&//:F;1A29=\)U,\00\T144@H98:2ASV&C!Y+__ MV@`(`0(``04"0S&L19#\6IJA1160O3!2`E"BL.QD0.T6>NW);=T6<>;B$`5' MLH(.F`4@%S`K(9-K7O=]F,B[R(;+3=/"L.1;XHXL9Y0SL&4T,TNI'PB&J([G8FPLWDG*Q[:_*0MZ^/LI5JNI5^%KW3<:0*&5?\`6E..+X]:_@NI2N"7'$<>?.N= M_EO_V@`(`0,``04"6Z>](LLR27:)))=+\\P$FB"76Y&3?<&"1?FA=E70TY*+ M-HYU;`<48HP:+)=*'O>UK,N2$C8`IUU=-$O(D6"7B9#S"&Y@=PAQ-`>,G.?3 MWHSO$WVUO^.AN]5)]O%_JO07TAG@)$VM:-1X3U3G)`\4VV@'U3`DPU)@ON4M M=H^4,)9D2JDK79+DCTVZ4K6EM`YXEI6I/M]V+DP\!?F$XCS&XXUD-B/ZB M3:[A*@W]$;TIO72FW"]K*L^".0FW!*$(X]*?@LFR>"D(7QY"I"E20@&4]9,./4*"U4, MB93/B!3JLJ*E8\9LB73"&'Q-HSZH(&$X27!-N=XU0BM#"_$)`'&;I6-,NWMJ M5(QPM>0H33O]\);8$D%H'I,2&,"GJ&R_52!5S<($\A*&ZRDGZ1W">*3HL174 MHDM)X7!.=^1_.F&UNC^<\9B_Y4;/SC%,*EWND\2KY3S,`4SO>IEC*5E$!\LE M0ZG(L*W65>U,-[%?XF%=HV4WU%[[&.W%2S^]3O*4.PH\WLQA'T4[X9!_VIZX M>G^K="-50=]BZ10XJ9Q'/T9[NF'`Z))06KK,%YYN38UBQ M%.Q?5L*/+F4G1%175*2E9;X4C._,ZK*C[&HC8;;XEE^&_]H`"`$#`@8_`G:6G<2A"`#> MF>,`OO(4UF.&5GH*(A*@)J5C*$,UBPXPZ9!4I$'78Q3I\IO4'"(F<(+[#@9II\O+,F M69A=+52]4UHS&FQ5'4&:%#B;RZ(<0V?XC5QUJA\T[?>*X4YR@FH;[M4],[*L MYS$-G,/)LI=BH7M3UPGLBRH["=UCW8BG=_9?:2D]H"[VPOZRMT._35U0S+]. M^%ZV/A8FI2>&H;7R_"$%LSXKR=9QA]=0>%)2G=`::7-PZC8I]ZZF?2+\@H:8 M8I*=0*0OB)V96,5Q!+*)A6J><>CHSWCSA&&5^)@)T""M?R`0\^5>$M(`-]YN ML>[$(0CS`VDIVB%$X]Z=T*;/]P(]L>BK3W;K>G,:H=^XRDR1PIUC39+&FIO> MLPY]N5Y:N=&\1>!.+@+)&\0$J'"4F8*;B+>0`=%N`]EE]G*)"SG2#M%MT:_P MW__:``@!`0$&/P+NOM3MON;&X2C@J6-NJB[A*U_4;=:I+`ZDAU9GK.F><\5' MY_O7"Y7$+)GO*%7MY5)]@92P5PNR,:JV/D2_3$:>`_3WL:S4Q=FE0#)]Q]PV MZPW?EZ&].55JE8]RC<0.#[TG&7<=D M]0%:+*4?E$EAM&.>[E.L3&V1GCL'MNG96O$9VME&9.N59+#<553B3LL&,N3M MD(^[,:\97-X1X5LC5;CQ2YB%61&'WD);JEXFLM5G/PXQUET[G6*%-[2B(&"8 MVNMASMCE&I%Q>5B[*J6295<%"XY,6$UK9!,(>Q$\G`MG.1^/&<[-GO7#"WMV MO0O6K<]MU.C<3;]LR4J"`ZBC@+&FLSX=QYG%M%&0Q^..Q5::@<(-@UQ$RIL$ MLXT+X\>XRAB6U8;HUGG^1K^+C/T,9;6OLKM-(T+VE6NP\GG2W@2PMD)-6"6[M=DQR3'[? M'?[>W.VI[GLMQ6%78JQDZV,]LF*F/(7]6S!"WOWMAB M3/XHF5V]=/\`9CP^E7_)9W_+V>,]_O\`$_\`LZW&'_I>/_RB?#ZE?T/"?R<9 MX=X_T9O\U7'TYR_\/#_43L_"X+)?W2^X\;02>*L'\(9<1^5^F=>,[_\`99K^ M51X[M,.1#VWFM)_\>_CM"`B(@L>UDZ?MLNVC.?U[IXS,+\K/8M8[&GQ('4A& M2_LK'PPW=%>Y\O[CP&:KS@7A&KWG:Y6J@QSW#"E]7GR_+T_%QA&XY\6RRJSR MN2N?C?E+1S[P6Z^K?4,.CS_N^/J#;[BR(XZO;Q.$K(82;#NHX:F.;(:5U-*- M`Y\^7%3$8KN!=K(7F2JK7BG?"6L@#;([VU06/H7,\Y\,OGUH,L,L)?3:"SAT:MF(T^\.V8UU MY=X_4KVSZV%NUJ^`[=*RHDLN5*W0ZUL`+G"R]J,_9N9,?AGPD.5CM7Z:+/=' MWZUWN2S.R=?,#]NQ<_\`3_O<=R?3.T4AC,BQGA8U.U17,^>P0GE^ MT@Y^/!57#CVWYV0:S0IC]27O"#F5S.LJYQK/EQ#%TJBS'F)A62!C\-1(0B8\ M'?,0KLI".YXVU@VOL'GJP&"03$<4JSJ7RH\;<"_C[N"A.+O4[(Z>I#E)F!@] M(UY>8Q/G'%2JZSO

BDGDN'VV)3O86@B`FV5A)EMB(\^7$,42K-:P'I(=K4 MN67*?M$P+@RH8ZC2-G)A5*=>L3/CZY2L)+G]O@0&(F!1M(#B"$HGS@AGE,3Q M_P!OI1]G^$1_P_`@:`L64:$#!@P*/L(2B8F.!$!@`&(@1&($1B/*!B-(B(X( M*U=-<".6$*%`D287WC*%B,29:>?GQT=X]79U>GK&_I[MN_;Y[-W+7@"OXZA> M)?)97*=>R2_CZ)1`4:3P\:H5PD6[;,(!83#]@LT=LB/S.FV)Y\])X4AITYR,1^2)PN;( MZB9P(%,;@D@$BB-=9B)GC*WC:X566UN@D6A[=@A0K(-K%;=\-%BYCS\HXWH6 M1TVW\19-ONH`$UZBVKM*A.[>3#.1+33:0_'7EPRXGJ>A.%&KI9(`!E?+,?D3 MZ6^`@YHS`ZS'J'T\,BO6FZIF.;62J+`(&K=)X,]TP6&L3@DCMB?40Z:::%/A MBXWL2NJ^RT["3@'UY.J:@-.NO,]TA/[I3Q2QJ$#U$2A3JZY3)#3"Q,F%673% M:6BK3;O]/%7'NEHY"!QX6)BUHZ!3>0=C_%K*-9]J$\XGGQD:R!#W$NRDX\&L MDEPISFE3"2W>D-A>6OIXR%9Q/K-8Z_-$G&ESJZ'*CVY:5)E(DMDS.P/*?+C) ML)!5E%\O4C5EIH&Q-+2PT/>*0WFX_5Z>9>?JUX9-Z;/5]LA+Y8Q!U[5E9,)E MQ73:UQ&W?S(X"9C2-.7%9UB"$840/GW9-UDJ=89],L*)UM`4_P"OA]FP5F0] MQ?8+A8CVKJMG3VM9@RV;,S5&(B!V1`R.L3ZIUF_'4VEF.K,S9.1'&_(O;2L$ MR>P1/)>J1TYSZN$9%=*+`G3&H;NL"_:D-GJ2TQ*=QQT2G;`Q.I1I.GGQ12NF MVP%IK0>\"$0HK!!MAS=WWQ8P8"(CGJ7A=KNIL!;,CDK:[75KDDEV;1.5&T7> MX@Y$_B'+C)B=-O0N7_=*MBROTH7\NI(T,.M%B"ZM>8^YQ=CV0OKWKZ[T7B:J M!KK''5ZI+ELM4#]Q,U] MF[;K/RS0GKXU^,62D&C^"N(O"LBF3QBE"6!!H`Z'>&1.DF(/&L1=&46\PD#F;[N>D%,'-FZWD*^@!I=`$P MBP@`TVZWME.L"/=Q0?(95B4&X%T`\!ZQC1JZ(I*XS3Z:1ZYR;:GY-8Q;8A:D MZ'*]%`.:Z:TE$`QS[58&R=>H\B8&W8HKH;[4%CC0:R-+5]&E&*MIG^Q[;G\7P7".G$96#K5X;P^ M04SHB-0`@8.F2):5Y.#D3*\#V!&7OP8O>*&/F^V>52`@E5F)_U8*UR.8N."_@Y\@M;: MPQ!=QY!%8N).NYG)ZZYYH(P8.&@RZO\`9:_$K,4Z*]K=T6WXV6=E.F@2&_.W M:`VFN-5.4,AX%87'W9L;!Y;W_X\\XX]3;Y]CP.O_QCO%FX0\\*ZE.W MC"6RY6W@AQEDS366\1YUWZ>G:*T=!L>W?\#/\$$0?)_;&]'4H0]Q,;+SW M@ZZ5T8YWM<%WF<>&X-S^ESB9%\J_!S]8>"$OBQC_Z@`=:8(.N/WAWN@*4 M2CLKZ?,'W_J_3'B!?&Y?GOX8+"'LN#1!\OI>3Y1CD?W?I/AP'M><)*K`IT\/6YZ;B/\TO`'"M[SB8XGBP:C M_NN/1IP&<-P9OD^L?8@5!Y`Z?;$YL+^3"L,J2A&E.YXQ^[@=R:-:Y]$`"P[W M]X#CU2>ZG5,;`%X!HDXQ%K)7X.\'G!N";>#<1U_../0_U$AIWKRG^> M^#$#X#\_0>WCWS=U6)@AO?.2;6A%DYUZ;+Q'ZP?#+^\Y9_">'/X3QS^(\'_! MS?]?6:F"^8W+XX^LTLN&+ M6+H]WP]$U!K`AKC"H%+HGZR/.+5,\#^\@$.,XP'`%\9%J&+K*>K MSA,4?1F:];E]+J>KO&>G_]H`#`,!``(1`Q$``!"8Y)%P"3UT:53BPMQ[Z!2=;AVS;;"K;W__:``@!`0,!/Q!8D`N3&*6R(`@R M8(;')L8=(](1G?!WA69$GZV49*4V[I$Y@)%'DT_6.EK;5\80$(H7$\D><`); MF7H(."*T!&N+D8+``PZKXA>\2>4ESG.^'(+VX`6`(C+HAT`AI M^+(6$[`]<%89V+QG]Y_/S_P(,Q'_`$_K_A[H[HM4D_JA[1U5,$!M"CR3F.G+ M=7MO>QL0CUDXM("1#NRMR>D(`URL\A3O`!@.M.BT*A(3%-M3 M@\:1'6;CG5VBA^G MI(2HFG&FH&UX#G7K#?76X`HKAY+UE$@0`#D`],+U"8427:^I]/`L6`IT'Z3; MH!@/[EY4/`Y&"A/Y\X9!`IMDG%&90V1IP&]$Q`TD:N#X<+05J2T.&,;X&.P) M=(,4[R+N*>9K\Y>!`@@@D`UZWC_AHTJKV5;`,RD1D[PWG'`3A)3&>Y?38Y8: M8S24-FY6A"$7G(C(CXG^8](<.9KT(@')@1MD$X<4(1-CB)R)?/>/E4A.BLF0 MT%,%)Q,<=P```0,(#Y'TBT@,Q588(PH"TB"^031IEN:*0R!A5TA"KS@#6QZ1 MV0'`@!C9XHY:"+SVP[,17VA0\G('T394)#R_(NB>@D3T#PVII<6E-I,!^A7! M5F5G%MJ@JY=_;(1JDO&VG)N30X>.5(U6QY+N/.S#.@^@B([3"F#<%6'N=@GZ MG0`0-Y%V07M)A(C@CHSWOE/MD1NHV2Z[.+![;%AP`=V#W*%()&/@J6C#&4/U M'OY!\UZS5\JW1U"8@ZQDE)=Y7Z&#OX2OA`4"OZY;WL28PH9=")-\=A>?T6H@ M0?U@=YA:L)6`!F(O5S:CX;$XML4-\K1:4,K13(-__]H`"`$"`P$_$&\7PHV( M7@(`XO+ALRH]&I$H[.%$V9=5Q:K-\U$;)!X#1.'G?H$"+-)=`4%0QSO#+$F0 M`478/1G6*Z295W8!`.G?&:=S7>D#?P8E%F!2,U@H=+U=?RYT\Q\@3]@.$O=^,&P?+7Y]$D!ZNU%-*%";H<(C(:<"<6HT MY8J!U0(TCOHKW,)Q(NL*#2K5#0\XD3IQA;Z!$J*@A3#8ZLED`YP06H5*S5"3 M`0F'H?@$*P`P)>17@1G]N0S5AP.7I`Z\49$>='@:^PP_*)/**?BK MH4,E=$P2!:Z"%H]#(E6%<3G(;T;81-E-\,#IPH=$1+MD'42M\.@R,OZ$'G0F M*GWI8_"Y3!9[PH/A$3\Y64])_3FINKJIL41"%'9L;*5C@JLY7"!H41X1.$>D MZ<9']`?PI'W)A`U)B(:!TC$?9Q!%S^7>"=8H/#PC$^$V8K*J:W:KROEPB3`+ M('`4H'1P93C%:?0&OE`OWBH96JKM5Y5Y5>5S3DO4$*6'@MABLCF!1?)8\')U M[8#B/[S>%[P(3&VF1KF[>KA>\]_C-W&O&-ZS_P`SJ8F\6>@3\8:R?G/_V@`( M`0,#`3\0OLP'2DKV%JO,QAC0ZP(@HI[@GH&($?H*XA!T+8)*D@B74``4R'*\ MEMB1CSCXSD9J0CH.1>\#"(`S7!&I.-,$4/9A6R"*FU>?L$(5KK40E46T:/E MB-('G-E"4ZAQSA@8!ZD6]#>ISA_F`X.?X6?J?C"]^3W0_P#7W,BOE_?_`#F: MZQ)J<)?V8_Q1\VJ]B^2BY6_G,XS\L.T+?M+_`&Y`E!?NB!^H>E`01Y"GO$+Z M-'EPG4C,ZU1\R3]I8D8\F7@#R1LVQWWP7.L4IV1R*V^]=X]55?%:^KR;ABE0`K*CM@%>7W_&(B5$ MB.Q/"/)[..D2E6_,+\-R-CS@(F*Y$H_(Y;`_P=8B*2@MP%?>!?O%0P.%! M3X93EX>WSDT>9^L`Z\?U@F4Y/'^_]8JGRXQ+TOZQ`?$_W*3WG^_]8NGE_P#, IO#Y_6LI/>GZ_[P02_P`WD=AP_K(CHK<[N'$\?S^L"^B/R<:XYRF?_]D_ ` end -----END PRIVACY-ENHANCED MESSAGE-----