EFTA01581849.pdf

Fun& Ifighbridge - EmanciaTfrust Co. NET ASSET VALUE ANALYSIS borit: 4'21/2006 3:32:01ifil Clearing Draa' lighbridgc Capital Management Page: I of 2 Currency, Fenktional Login: asmos Amuit Fund Accotent Di-barbai% As of 17/31/2005 As of 3/31/2006 Change Asset Lindet) Long 11B1-7 Cash -39.130.772 -33.525.662 5.605.110 liFIFT Uniettled Cash 0 -2,361 -2.361 IIBFT thuralied FN Cash Value 46.924 -3.410 -54334 fumer Acemed li ed huante 'Menai 205.400 211237 5.837 11/31.1* Unraalizod EX Acensed lixod Incomc Internt Valut -58 4 52 FIBIT Off Bal Contra Fixed Income Interne -37.651 -5.060 32.592 IlEtFT Margin Inlerest Pay.Rec -40.131 -22.435 17.703 10317 Unrcalind EN \Lupin humes! Pas. Re Value 5 -3 -7 I mn Dividend l'as Rcc 194,700 0 -194,70D 111.1Ff Umealized EN Dividend l'a' Re Value 978 0 -978 11BF1 Scitled lacent«). Coq Bais 48,027,701 43,779,003 4,148,698 I1B11' Umealizad Seurity Insertion Value 377,343 2,671,957 3,101.615 11BIT Unrealizad EX Intentan Value 433,632 -114,162 119,471 IDIFT Off Bal &n'ad Imenton ('est amis 5,146475 4,097,023 -1.049,449 IIBFT Off Bal Unsenled !menton ('st Ilmis 0 -1,933,917 -1,953,917 111311* thevalized OIT Bal Security lacanien Valut -34.558 5.645 40.203 TIBET Unrealied OIT Bal FX Incatuory Value o 42.877 -12.877 ion Off Bal ('sana 'menton (est limes -5.146.475 4.143.108 3.003.367 11BFT 17nrealized FN Off bal Contra ln' Paylke Value 0 12.877 12.877 IIBFT Cath from Transie'. 2,125,184 2.125.184 0 Total For. Long 11.701.426 15.126929 3.125543 Shon Mil Cash 33.175.278 31.636.501 -1,538276 11017 Umealed Cash -2.027 -122.107 -120.781 111/17 Dividend Pay Rec -63,254 -36,399 24856 Ion Setded Incision Cou Basis -31.371,151 -31.070.615 500.536 11/31.7 Urtscakd !menton Cosi Oasis 2,177 110,318 108,141 Mil* Urgeante:d Seaurity !menton Value -134.519 -1,998,657 -1,864,131 OBIT Linzealiled FN Inteman Value 114964 26.509 40.455 IIBI-1' Off Bal Senkd Menton Coq Basis -14,495,309 -14,099,905 393,403 IIBIrf Off Bal L'oeillet Imentory Cota Ben 0 1,946139 1,946,139 I IBFT Unrcalize:4 Off Bal Security Immun Valut -18.476 75,429 93.905 103F7 Unraalied OIT Bal FX lacanien Value 0 12.459 12,459 1101-1 Off Bal Contra !menton C'est Basis 14.495.309 12.133.766 -2.341.543 111117 Unrcalied. EX Off bal COMM lac PayRn Value 0 -12.459 -12.459 111317 Cash from fraisier -2,125.184 -2,125,184 0 Total For: Man -620,192 4.504905 -2,884.713 Total For. Assetliability 11.081.133 11,622.024 540.791 lacera Ecpensellureholder's Fein IncancExpensc 1111F1 Umtali:mg Cash FX Ciaintoies 46,924 -3,410 -50,334 11B11' Unrealied Acented Head Incape tatami FN GaircL -58 4 52 1113E-1' Unraalizet Acerucd ?drain Inkram FX Gain Ions 5 4 -7 ODET Unrealied Acented Dividend FX Gancloss 978 0 -978 IIBFT Un:milite:d Inventory SeemityCmirelmes 442.824 680.300 237.476 1181'T Unrvilized Imentory FX GainLou -116.668 47.653 29.016 1111FT Unmalized Off Bal Sceurily GainLoss -53.034 81.074 134.108 Mill Unrcalied OIT Bal FX Gaintou 0 418 418 1111FT Un:salie:d Off bal Contra lm FX Gaintoss 0 418 418 111117 Real end Cash FX Gaintoss 47,622 54,226 Q604 11B11' Reale/cd Aecnaad Red Incarna Intentai EX Gaintos -15 42 3 IIBIT Realind Accsucd Dhidcnd FX Gainais 413 0 613 11B1.1* Realied Inventay Seurity Gain Laie 207,172 372,039 161,367 11B1.1. Realited lacanien. EX Gaia Lou 16,217 36,149 19.933 liBlef Real end ott Bal Socurity Gain Imam 426.121 491,830 65,702 11BIrf Relized Off Bal FX Culais:eu -77,5% -59,596 18,000 IIBIrf Reale/cd OIT bal Contra In PX Gain Lems 77.596 39,596 48.000 HEIFT liced Incoma Inercm 382,408 566,768 184.360 103F1 Margin Iniceit -216.035 -306.086 -90.051 Ente Date: NA VissaiPortfolioManager - Sol Semer 1P310128 Effecacc Date: N.5 Canitie' (02002-2003 InenratedBruines Surent Ine Confidential Treatment Reguested by JPMorgan Chase JPM-SDNY-00061298 EFTA01581849