-----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, EuDNm3DZpmgELNdWfuvHe+vzsikGzq0ZyuRMtgwf2iXqWEfkavAIA8OHdAdRm3yy Nd/hm/Nrj5wUHoX8hjQ3eA== 0001193125-08-025621.txt : 20080211 0001193125-08-025621.hdr.sgml : 20080211 20080211151223 ACCESSION NUMBER: 0001193125-08-025621 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080211 DATE AS OF CHANGE: 20080211 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: 08593062 BUSINESS ADDRESS: STREET 1: 1660 LINCOLN STREET 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: 08593063 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: 08593065 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: 08593067 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: 08593069 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: 08593070 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 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: 08593064 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: 08593068 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: 08593066 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 JANUARY 2008 PERFORMANCE SUMMARIES - CLASS 1 January 2008 Performance Summaries - Class 1

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-140240

LOGO

January 2008 Performance Update

The Frontier Fund Supplement Dated February 11, 2008 to Prospectus Dated November 9, 2007

THE FRONTIER FUND’S GOAL: To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, reduces volatility, and improves the overall performance of your investment portfolio.

January performance for the various Series of The Frontier Fund is detailed below:*

 

The Frontier Fund Class 1

   January 31, 2008 MTD     January 31, 2008 YTD     NAV / Unit

Balanced Series-1

   -0.55 %   -0.55 %   $ 100.90

Balanced Series-1a

   -0.57 %   -0.57 %   $ 90.38

Campbell/Graham Series-1

   0.32 %   0.32 %   $ 92.20

Currency Series-1

   -0.47 %   -0.47 %   $ 100.19

Long/Short Commodity Series-1

   4.57 %   4.57 %   $ 106.11

Graham Series-1

   1.42 %   1.42 %   $ 96.38

Winton Series-1

   2.96 %   2.96 %   $ 117.21

Long Only Commodity Series-1

   3.19 %   3.19 %   $ 114.32

Managed Futures Index Series-1

   5.61 %   5.61 %   $ 106.23

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.

* The above table sets forth the actual performance for the Class and Series as of January 31, 2008. Actual gross trading performance (gross realized and unrealized gain/loss before deduction for trading commissions and fees, management fees, any other expense, and before addition of interest income) is adjusted for the trading expenses, management fees, initial service fees, on-going service fees, and interest income of the applicable Series.

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ (9,375,795.78 )

Unrealized trading gain/(loss)

     9,610,966.40  

Less: commissions

     (238,818.81 )

Less: FCM fees

     (120,788.55 )

Foreign currency gain/(loss)

     25,351.89  

Interest income

     338,884.70  
        

Total Income

     239,799.85  

EXPENSES

  

Management fees

     (84,555.35 )

Incentive fees

     942,280.18  

Broker service fees

     512,875.92  
        

Total Expenses

     1,370,600.75  
        

Net Income (Loss)

   $ (1,130,800.90 )
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   2,018,002.87582     $ 204,740,748.40     101.46  

Current month additions

   17,914.99656       1,811,524.33    

Current month redemptions

   (72,443.25615 )     (7,302,352.61 )  

Net Income (loss) for current month

       (1,130,800.90 )  
                

Net Asset Value, end of current month

   1,963,474.61623     $ 198,119,119.22     100.90  
                    
   Monthly rate of return       -0.55 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ (258,422.27 )

Unrealized trading gain/(loss)

     265,817.41  

Less: commissions

     (6,619.96 )

Less: FCM fees

     (3,346.71 )

Foreign currency gain/(loss)

     702.72  

Interest income

     14,794.51  
        

Total Income

     12,925.70  

EXPENSES

  

Trading Fee

     5,608.49  

Management fees

     (1,419.19 )

Incentive fees

     26,085.68  

Broker service fees

     14,215.04  
        

Total Expenses

     44,490.02  
        

Net Income (Loss)

   $ (31,564.32 )
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   62,031.77597     $ 5,638,499.95     90.90  

Current month additions

   749.88667       67,418.54    

Current month redemptions

   (1,091.93027 )     (98,953.70 )  

Net Income (loss) for current month

       (31,564.32 )  
                

Net Asset Value, end of current month

   61,689.73237     $ 5,575,400.47     90.38  
                    
   Monthly rate of return       -0.57 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ 984,426.05  

Unrealized trading gain/(loss)

     (642,927.18 )

Less: commissions

     (13,777.17 )

Less: FCM fees

     (28,961.40 )

Foreign currency gain/(loss)

     1,071.45  

Interest income

     96,964.32  
        

Total Income

     396,796.07  

EXPENSES

  

Management fees

     103,773.08  

Incentive fees

     (18,873.93 )

Broker service fees

     140,181.40  
        

Total Expenses

     225,080.55  
        

Net Income (Loss)

   $ 171,715.52  
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   604,238.79758     $ 55,530,902.15     91.90  

Current month additions

   17,189.87706       1,559,779.44    

Current month redemptions

   (22,965.09536 )     (2,086,239.46 )  

Net Income (loss) for current month

       171,715.52    
                

Net Asset Value, end of current month

   598,463.57928     $ 55,176,157.65     92.20  
                    
   Monthly rate of return       0.32 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ (35,264.16 )

Unrealized trading gain/(loss)

     8,329.60  

Less: FCM fees

     (5,500.08 )

Interest income

     15,199.33  
        

Total Income

     (17,235.31 )

EXPENSES

  

Management fees

     6,975.14  

Incentive fees

     —    

Broker service fees

     25,283.65  
        

Total Expenses

     32,258.79  
        

Net Income (Loss)

   $ (49,494.10 )
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   97,272.50785     $ 9,791,812.04     100.66  

Current month additions

   7,498.88461       753,023.76    

Current month redemptions

   (4,775.20712 )     (477,034.76 )  

Net Income (loss) for current month

       (49,494.10 )  
                

Net Asset Value, end of current month

   99,996.18534     $ 10,018,306.94     100.19  
                    
   Monthly rate of return       -0.47 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ (1,965,900.93 )

Unrealized trading gain/(loss)

     3,720,687.15  

Less: commissions

     (45,438.84 )

Less: FCM fees

     (14,407.54 )

Foreign currency gain/(loss)

     —    

Interest income

     80,442.30  
        

Total Income

     1,775,382.14  

EXPENSES

  

Management fees

     85,920.59  

Incentive fees

     185,238.80  

Broker service fees

     82,372.15  
        

Total Expenses

     353,531.54  
        

Net Income (Loss)

   $ 1,421,850.60  
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   306,425.36081     $ 31,092,746.49     101.47  

Current month additions

   22,063.81852       2,325,308.10    

Current month redemptions

   (15,167.03420 )     (1,593,568.97 )  

Net Income (loss) for current month

       1,421,850.60    
                

Net Asset Value, end of current month

   313,322.14513     $ 33,246,336.22     106.11  
                    
   Monthly rate of return       4.57 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ 263,223.86  

Unrealized trading gain/(loss)

     (153,752.66 )

Less: commissions

     (3,127.95 )

Less: FCM fees

     (2,436.05 )

Foreign currency gain/(loss)

     (1,018.62 )

Interest income

     12,132.62  
        

Total Income

     115,021.20  

EXPENSES

  

Management fees

     12,184.36  

Incentive fees

     (8.09 )

Broker service fees

     15,724.61  
        

Total Expenses

     27,900.88  
        

Net Income (Loss)

   $ 87,120.32  
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

 
     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   63,766.87830     $ 6,060,206.85     95.04  

Current month additions

   5,257.22211       500,922.58    

Current month redemptions

   (2,917.01939 )     (276,561.84 )  

Net Income (loss) for current month

       87,120.32    
                    

Net Asset Value, end of current month

   66,107.08102     $ 6,371,687.91     96.38  
                    
   Monthly rate of return       1.41 %

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

January 31, 2008

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain/(loss)

   $ 166,603.84  

Unrealized trading gain/(loss)

     1,354,075.00  

Less: commissions

     (7,726.55 )

Less: FCM fees

     (13,867.49 )

Foreign currency gain/(loss)

     582.01  

Interest income

     56,337.77  
        

Total Income

     1,556,004.58  

EXPENSES

  

Management fees

     55,950.18  

Incentive fees

     324,274.25  

Broker service fees

     95,290.34  
        

Total Expenses

     475,514.77  
        

Net Income (Loss)

   $ 1,080,489.81  
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   313,309.54095     $ 35,664,259.87     113.83  

Current month additions

   24,898.03298       2,891,865.30    

Current month redemptions

   (3,868.22568 )     (450,262.77 )  

Net Income (loss) for current month

       1,080,489.81    
                

Net Asset Value, end of current month

   334,339.34825     $ 39,186,352.21     117.21  
                    
   Monthly rate of return       2.97 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ 154,069.41  

Unrealized trading gain/(loss)

     —    

Less: commissions

     —    

Less: FCM fees

     (2,135.29 )

Foreign currency gain/(loss)

     —    

Interest income

     12,332.75  
        

Total Income

     164,266.87  

EXPENSES

  

Management fees

     5,191.37  

Incentive fees

     —    

Broker service fees

     8,164.13  
        

Total Expenses

     13,355.50  
        

Net Income (Loss)

   $ 150,911.37  
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   42,701.46322     $ 4,730,888.86     110.79  

Current month additions

   692.83355       78,962.15    

Current month redemptions

   (97.98526 )     (10,983.73 )  

Net Income (loss) for current month

       150,911.37    
                

Net Asset Value, end of current month

   43,296.31151     $ 4,949,778.65     114.32  
                    
   Monthly rate of return       3.19 %

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

January 31, 2008

(Unaudited)

 

     Current
Period
 

INCOME

  

Realized trading gain/(loss)

   $ 3,379.86  

Unrealized trading gain/(loss)

     31,736.43  

Less: commissions

     (189.30 )

Less: FCM fees

     (208.87 )

Foreign currency gain/(loss)

     18.45  

Interest income

     1,878.63  
        

Total Income

     36,615.20  

EXPENSES

  

Management fees

     835.90  

Incentive fees

     —    

Broker service fees

     1,129.03  
        

Total Expenses

     1,964.93  
        

Net Income (Loss)

   $ 34,650.27  
        

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

     Units     Dollars     $’s per unit  

Net Asset Value, end of prior month

   6,180.90342     $ 621,739.57     100.59  

Current month additions

   470.45550       50,200.00    

Current month redemptions

   (103.44788 )     (10,995.49 )  

Net Income (loss) for current month

       34,650.27    
                

Net Asset Value, end of current month

   6,547.91104     $ 695,594.35     106.23  
                    
   Monthly rate of return       5.61 %

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  
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