424B3 1 d381546d424b3.htm JUNE PERFORMANCE SUMMARY - CLASS 1 ORIGINAL June Performance Summary - Class 1 Original

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-155800

LOGO   LOGO

June 2012 Performance Update

The Frontier Fund Supplement Dated June 30, 2012 to Prospectus Dated April 30, 2012.

The Frontier Fund Class 1 Original

T H E   F R O 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, reduces volatility, and improves the overall performance of your investment portfolio.

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

 

The Frontier Fund Class 1 Original    June 30, 2012
MTD
  June 30, 2012
YTD
  NAV / Unit  

Balanced Series-1

   -4.56%   -1.49%   $ 122.65   

Balanced Series-1a

   -3.57%   -0.30%   $ 108.13   

Tiverton/Graham/Transtrend Series-1

   -5.35%   -5.19%   $ 86.29   

Currency Series-1

   -4.11%   -7.95%   $ 64.87   

Long/Short Commodity Series-1

   -2.30%   -5.92%   $ 128.07   

Winton/Graham Series-1

   -7.18%   -8.29%   $ 96.05   

Winton Series-1

   -4.08%   -6.67%   $ 131.72   

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 June 30, 2012. 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

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 8,274,393.40   

Unrealized trading gain (loss)

     (15,419,213.50

Less: Commissions

     (249,488.41

Less: Trading Fee paid to Managing Owner

     (101,469.41

Interest income

     18,760.09   
  

 

 

 

Total Income

     (7,477,017.83

EXPENSES

  

Broker service fees

     405,808.18   

Incentive fees

     (99,855.07

Management fees

     136,271.77   
  

 

 

 

Total Expenses

     442,224.88   
  

 

 

 

Net Income (Loss)

   $ (7,919,242.71
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     1,360,569.78500      $ 174,840,129.30      $ 128.51   

Current month additions

     323.07733        40,462.13     

Current month redemptions

     (17,192.87733     (2,157,156.00  

Net income (loss) for current month

       (7,919,242.71     (5.86
  

 

 

   

 

 

   

 

 

 

Net asset value, end of current month

     1,343,699.98500      $ 164,804,192.72      $ 122.65   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -4.56

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - BALANCED SERIES - 1


THE FRONTIER FUND BALANCED SERIES - 1a

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 18,620.40   

Unrealized trading gain (loss)

     (33,098.69

Less: Commissions

     (531.67

Less: Trading Fee paid to Managing Owner

     (221.07

Interest income

     445.61   
  

 

 

 

Total Income

     (14,785.42

EXPENSES

  

Trading fees

     341.96   

Broker service fees

     884.29   

Incentive fees

     (2,763.15

Management fees

     297.92   
  

 

 

 

Total Expenses

     (1,238.98
  

 

 

 

Net Income (Loss)

   $ (13,546.44
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     4,006.22910      $ 449,211.49      $ 112.13   

Current month additions

     0.46283        50.58     

Current month redemptions

     (1,694.65409     (185,724.57  

Net income (loss) for current month

       (13,546.44     (4.00

Net asset value, end of current month

     2,312.03784      $ 249,991.06      $ 108.13   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -3.57

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - BALANCED SERIES - 1a


THE FRONTIER FUND TIVERTON/GRAHAM/TRANSTREND SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 54,784.66   

Unrealized trading gain (loss)

     (1,670,555.64

Less: Commissions

     (20,225.09

Less: Trading Fee paid to Managing Owner

     (8,608.03

Interest income

     23,122.91   
  

 

 

 

Total Income

     (1,621,481.19

EXPENSES

  

Broker service fees

     61,062.73   

Incentive fees

     (130,692.06

Management fees

     96,255.22   
  

 

 

 

Total Expenses

     26,625.89   
  

 

 

 

Net Income (Loss)

   $ (1,648,107.08
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     342,117.90760      $ 31,191,221.86      $ 91.17   

Current month additions

     30.50752        2,704.04     

Current month redemptions

     (7,103.80172     (633,484.36  

Net income (loss) for current month

       (1,648,107.08     (4.88
  

 

 

   

 

 

   

 

 

 

Net asset value, end of current month

     335,044.61340      $ 28,912,334.46      $ 86.29   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -5.35

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - TIVERTON/GRAHAM/TRANSTREND SERIES - 1


THE FRONTIER FUND CURRENCY SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ (0.07

Unrealized trading gain (loss)

     (136,979.41

Less: Commissions

     0.00   

Less: Trading Fee paid to Managing Owner

     (2,062.98

Interest income

     1,804.55   
  

 

 

 

Total Income

     (137,237.91

EXPENSES

  

Broker service fees

     8,251.64   

Incentive fees

     0.00   

Management fees

     0.00   
  

 

 

 

Total Expenses

     8,251.64   
  

 

 

 

Net Income (Loss)

   $ (145,489.55
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     52,684.26673      $ 3,564,005.11      $ 67.65   

Current month additions

     61.98717        4,077.42     

Current month redemptions

     (793.69956     (52,372.51  

Net income (loss) for current month

       (145,489.55     (2.78
  

 

 

   

 

 

   

 

 

 

Net asset value, end of current month

     51,952.55434      $ 3,370,220.47      $ 64.87   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -4.11

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

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

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 33,497.77   

Unrealized trading gain (loss)

     (52,031.01

Less: Commissions

     (831.62

Less: Trading Fee paid to Managing Owner

     (504.36

Interest income

     1,409.91   
  

 

 

 

Total Income

     (18,459.31

EXPENSES

  

Broker service fees

     2,016.31   

Incentive fees

     1,374.59   

Management fees

     4,345.01   
  

 

 

 

Total Expenses

     7,735.91   
  

 

 

 

Net Income (Loss)

   $ (26,195.22
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     8,550.06113      $ 1,120,776.92      $ 131.08   

Current month additions

     8.44849        1,077.32     

Current month redemptions

     (5,302.46339     (678,644.16  

Net income (loss) for current month

       (26,195.22     (3.01
  

 

 

   

 

 

   

 

 

 

Net asset value, end of current month

     3,256.04623      $ 417,014.86      $ 128.07   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -2.29

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - LONG/SHORT COMMODITY SERIES - 1


THE FRONTIER FUND WINTON/GRAHAM SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 11,907.33   

Unrealized trading gain (loss)

     (1,412,109.10

Less: Commissions

     (14,633.02

Less: Trading Fee paid to Managing Owner

     (12,330.21

Interest income

     10,061.04   
  

 

 

 

Total Income

     (1,417,103.96

EXPENSES

  

Broker service fees

     49,312.86   

Incentive fees

     0.00   

Management fees

     74,683.96   
  

 

 

 

Total Expenses

     123,996.82   
  

 

 

 

Net Income (Loss)

   $ (1,541,100.78
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     208,576.92030      $ 21,582,779.64      $ 103.48   

Current month additions

     50.86499        5,059.38     

Current month redemptions

     (3,207.67739     (317,011.83  

Net income (loss) for current month

       (1,541,100.78     (7.43
  

 

 

   

 

 

   

 

 

 

Net asset value, end of current month

     205,420.10790      $ 19,729,726.41      $ 96.05   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -7.18

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - WINTON/GRAHAM SERIES - 1


THE FRONTIER FUND WINTON SERIES - 1

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 66,634.25   

Unrealized trading gain (loss)

     (1,393,937.18

Less: Commissions

     (4,184.78

Less: Trading Fee paid to Managing Owner

     (20,908.30

Interest income

     34,598.53   
  

 

 

 

Total Income

     (1,317,797.48

EXPENSES

  

Broker service fees

     83,628.99   

Incentive fees

     0.00   

Management fees

     63,009.74   
  

 

 

 

Total Expenses

     146,638.73   
  

 

 

 

Net Income (Loss)

   $ (1,464,436.21
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     $’s per unit  

Net asset value, beginning of month

     262,627.69360      $ 36,063,325.25      $ 137.32   

Current month additions

     128.48016        17,266.02     

Current month redemptions

     (3,283.26626     (438,005.24  

Net income (loss) for current month

       (1,464,436.21     (5.60
  

 

 

   

 

 

   

 

 

 

Net asset value, end of current month

     259,472.90760      $ 34,178,149.82      $ 131.72   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -4.08

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - WINTON SERIES - 1


THE FRONTIER FUND BALANCED SERIES

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 11,420,948.38   

Unrealized trading gain (loss)

     (21,266,260.70

Less: Commissions

     (343,993.73

Less: Trading Fee paid to Managing Owner

     (140,149.15

Interest income

     32,286.40   
  

 

 

 

Total Income

     (10,297,168.80

EXPENSES

  

Trading fees

     5,234.50   

Broker service fees

     406,692.47   

Incentive fees

     (133,429.95

Management fees

     187,906.63   
  

 

 

 

Total Expenses

     466,403.65   
  

 

 

 

Net Income (Loss)

   $ (10,763,572.45
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     Aggregate
Net Asset Value
per unit*
 

Net asset value, beginning of month

     1,783,093.97648      $ 241,924,312.74      $ 135.68   

Current month additions

     1,734.74412        226,237.28     

Current month redemptions

     (28,799.82970     (3,831,464.00  

Net income (loss) for current month

       (10,763,572.45     (6.09

Net asset value, end of current month

     1,756,028.89098      $ 227,555,513.57      $ 129.59   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -4.49

* Please see your specific Class Statement of Income (Loss) for your specific unit value.

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - BALANCED SERIES


THE FRONTIER FUND TIVERTON/GRAHAM/TRANSTREND SERIES

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 56,186.29   

Unrealized trading gain (loss)

     (1,903,112.25

Less: Commissions

     (23,883.77

Less: Trading Fee paid to Managing Owner

     (9,815.89

Interest income

     29,246.06   
  

 

 

 

Total Income

     (1,851,379.56

EXPENSES

  

Trading fees

     0.00   

Broker service fees

     61,062.73   

Incentive fees

     (146,496.03

Management fees

     113,394.55   
  

 

 

 

Total Expenses

     27,961.25   
  

 

 

 

Net Income (Loss)

   $ (1,879,340.81
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     Aggregate
Net Asset Value
per unit*
 

Net asset value, beginning of month

     378,727.42027      $ 35,342,088.66      $ 93.32   

Current month additions

     30.50752        2,704.04     

Current month redemptions

     (7,292.34019     (654,473.23  

Net income (loss) for current month

       (1,879,340.81     (4.99

Net asset value, end of current month

     371,465.58760      $ 32,810,978.66      $ 88.33   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -5.35

* Please see your specific Class Statement of Income (Loss) for your specific unit value.

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - TIVERTON/GRAHAM/TRANSTREND SERIES


THE FRONTIER FUND CURRENCY SERIES

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ (0.05

Unrealized trading gain (loss)

     (139,411.14

Less: Commissions

     0.00   

Less: Trading Fee paid to Managing Owner

     (2,099.84

Interest income

     1,839.03   
  

 

 

 

Total Income

     (139,672.00

EXPENSES

  

Trading fees

     0.00   

Broker service fees

     8,251.64   

Incentive fees

     0.00   

Management fees

     0.00   
  

 

 

 

Total Expenses

     8,251.64   
  

 

 

 

Net Income (Loss)

   $ (147,923.64
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     Aggregate
Net Asset Value
per unit*
 

Net asset value, beginning of month

     53,426.66010      $ 3,627,220.19      $ 67.89   

Current month additions

     61.98717        4,077.42     

Current month redemptions

     (793.69956     (52,372.51  

Net income (loss) for current month

       (147,923.64     (2.78

Net asset value, end of current month

     52,694.94771      $ 3,431,001.46      $ 65.11   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -4.10

* Please see your specific Class Statement of Income (Loss) for your specific unit value.

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - CURRENCY SERIES


THE FRONTIER FUND FRONTIER LONG/SHORT COMMODITY SERIES

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 3,133,415.03   

Unrealized trading gain (loss)

     (4,082,059.53

Less: Commissions

     (68,696.98

Less: Trading Fee paid to Managing Owner

     (81,314.08

Interest income

     112,495.22   
  

 

 

 

Total Income

     (986,160.34

EXPENSES

  

Trading fees

     0.00   

Broker service fees

     35,840.32   

Incentive fees

     328,180.18   

Management fees

     271,405.79   
  

 

 

 

Total Expenses

     635,426.29   
  

 

 

 

Net Income (Loss)

   $ (1,621,586.63
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     Aggregate
Net Asset Value
per unit*
 

Net asset value, beginning of month

     497,081.70847      $ 68,158,083.56      $ 137.12   

Current month additions

     8,159.88728        1,135,028.01     

Current month redemptions

     (10,131.96946     (1,385,626.67  

Net income (loss) for current month

       (1,621,586.63     (3.24

Net asset value, end of current month

     495,109.62629      $ 66,285,898.27      $ 133.88   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -2.36

* Please see your specific Class Statement of Income (Loss) for your specific unit value.

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - FRONTIER LONG/SHORT COMMODITY SERIES


THE FRONTIER FUND WINTON/GRAHAM SERIES

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 13,798.25   

Unrealized trading gain (loss)

     (1,734,923.59

Less: Commissions

     (17,978.59

Less: Trading Fee paid to Managing Owner

     (15,173.67

Interest income

     12,319.92   
  

 

 

 

Total Income

     (1,741,957.68

EXPENSES

  

Trading fees

     0.00   

Broker service fees

     49,312.86   

Incentive fees

     0.00   

Management fees

     91,797.29   
  

 

 

 

Total Expenses

     141,110.15   
  

 

 

 

Net Income (Loss)

   $ (1,883,067.83
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     Aggregate
Net Asset Value
per unit*
 

Net asset value, beginning of month

     246,847.84334      $ 26,548,637.70      $ 107.55   

Current month additions

     50.86499        5,059.38     

Current month redemptions

     (3,453.58231     (348,231.77  

Net income (loss) for current month

       (1,883,067.83     (7.64

Net asset value, end of current month

     243,445.12606      $ 24,322,397.48      $ 99.91   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -7.10

* Please see your specific Class Statement of Income (Loss) for your specific unit value.

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - WINTON/GRAHAM SERIES


THE FRONTIER FUND WINTON SERIES

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

June 30, 2012

(Unaudited)

 

     Current Period  

INCOME

  

Realized trading gain (loss)

   $ 85,867.19   

Unrealized trading gain (loss)

     (1,819,344.53

Less: Commissions

     (5,466.15

Less: Trading Fee paid to Managing Owner

     (27,357.94

Interest income

     45,102.14   
  

 

 

 

Total Income

     (1,721,199.29

EXPENSES

  

Trading fees

     0.00   

Broker service fees

     83,628.99   

Incentive fees

     0.00   

Management fees

     82,325.88   
  

 

 

 

Total Expenses

     165,954.87   
  

 

 

 

Net Income (Loss)

   $ (1,887,154.16
  

 

 

 

Statement of Changes in Net Asset Value

 

     Units     Dollars     Aggregate
Net Asset Value
per unit*
 

Net asset value, beginning of month

     330,292.87999      $ 47,117,309.01      $ 142.65   

Current month additions

     128.48016        17,266.02     

Current month redemptions

     (3,283.26626     (438,005.24  

Net income (loss) for current month

       (1,887,154.16     (5.68

Net asset value, end of current month

     327,138.09399      $ 44,809,415.63      $ 136.97   
  

 

 

   

 

 

   

 

 

 
     Monthly rate of return        -3.98

* Please see your specific Class Statement of Income (Loss) for your specific unit value.

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

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - WINTON SERIES