EXHIBIT13.01



















UBS
MANAGED FUTURES LLC (ASPECT SERIES)


(A
Series of a Delaware Series Limited Liability Company)






Financial
Statements for the year ended


December
31, 2007 and for the period from October 26, 2006


(Date of
Organization) to December 31, 2006


and
Report of Independent Registered Public Accounting Firm









F-1





INDEX
TO FINANCIAL STATEMENTS





AffirmationofUBS Managed Fund Services Inc.
            F-3Report
      of Independent Registered Public Accounting
Firm
            F-4Statements
      of Financial Condition as of December 31, 2007 and
      2006
            F-5Statements
      of Operations for the year ended December 31, 2007 and for the period from
      October 26, 2006 (Date of Organization) to December 31, 2006
            F-6Statements
      of Changes in Members’ Capital for the year ended December 31, 2007 and
      for the period from October 26, 2006 (Date of Organization) to December
      31, 2006
            F-7Condensed
      Schedule of Investments for the year ended December 31,
    2007
            F-8Notes to
      Financial Statementsfor the year
      ended December 31, 2007
            F-9











F-2




AFFIRMATION OF UBS MANAGED FUND SERVICES INC.




In
compliance with the Commodity Futures Trading Commission’s regulations, I hereby
affirm that to the best of my knowledge and belief, the information contained in
the statements of financial condition of UBS Managed Futures LLC (Aspect Series)
at December 31, 2007 and 2006, including the condensed schedule of
investments as of December 31, 2007, and the related statements of operations,
changes in members’ capital and financial highlights for the years ended
December 31, 2007 and 2006, are accurate and complete.








/s/Julie
M. DeMatteo


Julie M.
DeMatteo, President and Chief Executive Officer


UBS
Managed Fund Services Inc.


Manager
of UBS Managed Futures LLC (Aspect Series)




F-3


REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To the
Members of UBS Managed Futures LLC (Aspect Series)





We have
audited the accompanying statements of financial condition of UBS Managed
Futures LLC (Aspect Series) (the “Series”) as of December 31, 2007 and December
31, 2006, including the condensed schedule of investments as of December 31,
2007, and the related statements of operations and changes in members’ capital
for the year ended December 31, 2007 and for the period from October 26, 2006
(Date of Organization) to December 31, 2006. These financial statements are the
responsibility of the Series’ management.  Our responsibility is to
express an opinion on these financial statements based on our
audits.





We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  We were
not engaged to perform an audit of the Series’ internal control over financial
reporting.  Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Series’ internal control over financial
reporting.  Accordingly, we express no such opinion.  An
audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation.  We believe that our audits provide a reasonable basis
for our opinion.





In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of UBS Managed Futures LLC (Aspect
Series) at December 31, 2007 and December 31, 2006, and the results of its
operations and the changes in its members’ capital for the year ended December
31, 2007 and for the period October 26, 2006 (Date of Organization) to December
31, 2006 in conformity with U.S. generally accepted accounting
principles.





/s/ Ernst
& Young LLP





Chicago,
Illinois


March 7,
2008














F-4














F-5



















F-6

















F-7

















F-8








UBS
MANAGED FUTURES LLC (ASPECT SERIES)


NOTES TO
FINANCIAL STATEMENTS


DECEMBER
31, 2007








(1)
              Organization





UBS
Managed Fund Services Inc. (the “Sponsor”), an indirect
subsidiary of UBS AG, is the sponsor of UBS Managed Futures LLC (the “Platform”) of which UBS
Managed Futures LLC (Aspect Series) (the “Aspect Series”) is a
“segregated series.”  The Platform was formed on July 25, 2006 as a
Delaware series limited liability company pursuant to the Delaware Limited
Liability Company Act.  The Aspect Series invests all or substantially
all of its assets in UBS Managed Futures (Aspect) LLC (the “Trading Fund”) which is
advised by Aspect Capital Limited (the “Trading
Advisor”).  The Aspect Series and the Trading Fund are
collectively referred to herein as the “Series.”  The Series
engages in the speculative trading of bonds, currencies, interest rates,
equities, equity indices, debt securities and selected physical commodities and
derivatives.  UBS Securities LLC is the Series’ futures clearing
broker (the “Clearing
Broker”) and UBS AG is currently the foreign exchange clearing broker of
the Series, although the Series may execute foreign exchange trades through
another foreign exchange clearing broker at any time.  The Sponsor,
over time, intends to offer investors a selection of different trading advisors,
each managing a different segregated series of the Platform.  There
can be no assurance, however, that any series other than the Series will be
offered or that the Series will continue to be offered.  The Series
was organized on October 26, 2006 and commenced trading on March 16,
2007.  The Series filed a Form 10, under the Securities Exchange Act
of 1934, as amended, with the Securities and Exchange Commission to register the
units of limited liability company interest (“Units”), which registration
became effective October 17, 2006.





On March
16, 2007, the Series issued 5,000.00 Units to the Trading Advisor for $5,000,000
(the “Trading Advisor
Investment”) and issued 2,760.62 Units for $2,760,620 to third parties.
On April 1, 2007, the Series issued 9.94 Units to the Sponsor for $10,000. On
December 31, 2007, the Trading Advisor redeemed the full value of the Trading
Advisor Investment.





The
Series may terminate upon the determination of the Sponsor to do so for any
reason (for the avoidance of doubt, the Sponsor shall be entitled, without any
violation of any contractual or fiduciary obligation to any investor in the
Series (a “Member”), to
dissolve the Series at any time).





(2)
            Summary
      of Significant Accounting Policies





Use of
Estimates





The
preparation of financial statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting
period.  Actual results could differ from those
estimates.





Organization and Offering
Costs





Organization
costs were expensed when incurred.  Offering costs were deducted from
members’ capital upon the commencement of operations on March 16,
2007.





Revenue
Recognition





Commodity
futures and forward contract transactions are recorded on the trade date and
open contracts are reflected in net unrealized appreciation/depreciation on open
contracts in the Statements of Financial Condition as the difference between the
original contract value and the market value (as determined by exchange
settlement prices for futures contracts and cash dealer prices at a
predetermined time for forward contracts and physical commodities) as of the
last business day of the year or as of the last date of the financial
statements.  The change in unrealized profit (loss) on open contracts
from one period to the next is reflected in the change in unrealized appreciation/depreciation
on open contracts in the Statements of Operations.  Realized gains and
losses on futures and forward contracts are recognized when contracts are
closed.  Interest income is recognized on an accrual
basis.






F-9






Foreign Currency
Transactions





The
Series’ functional currency is the U.S. dollar; however, it transacts business
in the U.S. dollar and in currencies other than the U.S.
dollar.  Trading accounts in non-U.S. currency denominations are
susceptible to both movements in the underlying contract markets as well as
fluctuations in currency rates.  Assets and liabilities denominated in
currencies other than the U.S. dollar are translated into U.S. dollars at the
rates in effect at the date of the Statements of Financial
Condition.  Income and expense items denominated in currencies other
than the U.S. dollar are translated into U.S. dollars at the rates in effect
during the period.  Gains and losses resulting from the translation
into U.S. dollars are included with the net
realized and unrealized gain or loss on investments in the Statements of
Operations.





Cash at the Clearing
Broker





A portion
of the assets maintained at the Clearing Broker is restricted cash required to
meet maintenance margin requirements. Included in cash deposits with the
Clearing Broker as of December 31, 2007 was restricted cash for margin
requirements of $3,135,862.





Income
Taxes




No
provision has been made in the accompanying Financial Statements for U.S.
federal or state income taxes as each Member is individually responsible for
reporting income or loss based on such Member’s share of the Series’ income and
expenses as reported for income tax purposes.





Effective
January 1, 2007, the Series adopted the provisions of Financial Accounting
Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income
Taxes — an interpretation of FASB Statement No. 109(“FIN 48”). FIN 48 clarifies the accounting for uncertainty in
income taxes recognized in a company’s financial statements and prescribes that
a company should use a more-likely-than-not recognition threshold based on the
technical merits of the tax position taken or expected to be taken. The
interpretation also provides guidance on derecognition, classification, interest
and penalties, accounting in interim periods, disclosure and transition.
Adoption of FIN 48 did not have any impact on the Financial
Statements.





Distributions





The
Sponsor does not intend to make any distributions.  Consequently, in
order to pay the taxes attributable to their investment in the Series, Members
must either redeem Units or pay such taxes from other sources.





Subscriptions





Units are
purchased generally at the beginning of each calendar month based on the net
asset value per Unit for all other purposes (see Note 3) calculated for the
prior month-end.  The subscription request must be submitted at least
seven calendar days prior to the first day of any month in which a Member
intends to invest.





Redemptions





Units may
be redeemed as of the end of any calendar month (each, a “Redemption Date”) at the net
asset value per Unit for all other purposes (see Note 3) as of such Redemption
Date.  Redemption requests must be submitted on or prior to the
15th
day of the calendar month of such Redemption Date or the following business
day.  The Sponsor may permit redemptions at other times and on shorter
notice.





Indemnifications





In the
normal course of business, the Series enters into contracts and agreements that
contain a variety of representations and warranties and which would provide
general indemnifications.  The maximum exposure under these
arrangements is unknown, as this would involve future claims that may be made
against the Series that have not yet occurred.  The Series expects the
risk of any future obligation under these indemnifications to be
remote.






F-10







(3)           Related
Party Transactions





The
Series’ assets are maintained at the Clearing Broker.  On assets held
in U.S. dollars, the Clearing Broker credits the Series with interest at the
prevailing Federal Funds Rate less 50 basis points.  In the case of
non-U.S. dollar instruments, the Clearing Broker lends to the Series all
required non-U.S. currencies at a local short-term interest rate plus a spread
of up to 100 basis points (at current rates).  For deposits held in
local currency, the Clearing Broker credits the local short-term interest rate
less a spread of up to 200 basis points (at current rates).





The
Series incurred brokerage commissions of $89,861 for the year ended December 31,
2007, and accrued $4,631 owed to the Clearing Broker at December 31,
2007.





Each
Member or Member-related account is subject to an upfront, waivable placement
fee of 0%-2% of the subscription price of the Units, which will be paid once by
the relevant Member (not by the Series or by the Sponsor) on such Member’s
initial subscription to the Series during any twelve month
period.  Upfront placement fees of $134,500 for the year ended
December 31, 2007, were deducted from proceeds received by the
Members.





Members
are subject to an ongoing sales commission paid to UBS Financial Services Inc.,
an affiliate of the Sponsor, equal to 2% per annum of the month-end net asset
value for all other purposes (see below).  The Series incurred sales
commissions of $256,028 for the year ended December 31, 2007, and accrued
$36,009 owed to UBS Financial Services Inc. at December 31, 2007.  UBS
Financial Services Inc., in consultation with the Sponsor, may waive or reduce
the sales commission for certain Members without entitling any other Member to
such waiver or reduction.





The
Series pays a fee to the Sponsor of 25 basis points per annum on the Series’
month-end net asset value for all other purposes (see below) and reserves the
right to waive or reduce the fee at its sole discretion.  The Series
incurred Sponsor’s fees of $32,004 for the year ended December 31, 2007, and
accrued $4,501 owed to the Sponsor at December 31, 2007.





The
Sponsor paid all expenses incurred in connection with the organizational and
initial offering of the Units at the Series level.  As described in
the Series’ current Confidential Disclosure Document (including Parts One and
Two, the “Disclosure
Document”), the Series reimbursed the Sponsor for these
costs.  For financial reporting purposes in conformity with U.S.
generally accepted accounting principles, the Series expensed the total
organizational costs of $208,820 when incurred and deducted the initial offering
costs of $119,732 from Members’ capital as of March 16, 2007 (the date of
commencement of operations of the Series) (“net asset value for financial
reporting” or the “net asset value per Unit for financial
reporting”).  For all other purposes, including determining the net
asset value per Unit for subscription and redemption purposes, the Series
amortizes organizational and initial offering costs over a 60 month period (“net
asset value for all other purposes” or the “net asset value per Unit for all
other purposes”).








F-11


The net
asset value and net asset value per Unit are as follows:




Net
      Asset Value
              
              
              
              
              
              Net
      Asset Value per UnitAll
      Other
                Purposes
                (unaudited)
              
              
              Financial
                Reporting
              
              
              Number
      of
                Units
              
              
              All
      Other
                Purposes
                (unaudited)
              
              
              Financial
                ReportingPrice
      at Commencement*
              
              
              
              
              
              
              
              
              
              
              
              1,000.000
              
              
              
              1,000.000March
      31, 2007
              
              
              7,805,411
              
              
              
              7,479,686
              
              
              
              7,760.62
              
              
              
              1,005.772
              
              
              
              963.801June
      30, 2007
              
              
              13,409,546
              
              
              
              13,100,248
              
              
              
              11,988.08
              
              
              
              1,118.573
              
              
              
              1,092.773September
      30, 2007
              
              
              18,932,687
              
              
              
              18,639,817
              
              
              
              18,241.85
              
              
              
              1,037.871
              
              
              
              1,021.816December
      31, 2007
              
              
              16,034,264
              
              
              
              15,757,821
              
              
              
              14,700.02
              
              
              
              1,090.765
              
              
              
              1,071.959Total
      return after performance fee, three months ended December 31,
      2007
              
              
              
              5.10
              %
              
              
              4.91
              %Total
      return after performance fee, period from Commencement* to December 31,
      2007
              
              
              
              9.08
              %
              
              
              7.20
              %*
      Commencement of operations of the Series was March 16,
2007












(4)           Advisory
Agreement





Under
signed agreement, the Trading Advisor receives a monthly management fee at the
rate of 0.167% (a 2% annual rate) of the Series’ month-end net asset value for
all other purposes (see Note 3) calculated before reduction for any management
fees, performance fees, Sponsor’s fees, sales commission or extraordinary fees
accrued (including performance fees accrued in a prior month) as of such
month-end and before giving effect to any capital contributions made as of the
beginning of the month immediately following such month-end and before any
distributions or redemptions accrued during or as of such month-end, but after
all expenses as of such month-end. The Series incurred management fees of
$256,483 for the year ended December 31, 2007, and accrued $35,963 owed to the
Trading Advisor at December 31, 2007.





Also,
under signed agreement the Series pays to the Trading Advisor a quarterly
performance fee equal to 20% of the new net trading profits, if any, of the
Series calculated before deducting the administrative fee, the Sponsor’s fee and
sales commission but after deducting the management fee. The Series incurred
performance fees of $309,795 during the year ended December 31, 2007, and
accrued $0 owed to the Trading Advisor at December 31, 2007.





(5)           Recent
Accounting Pronouncements





In
September 2006, the FASB issued Statement of Financial Standards No.
157.  Fair Value Measurements (“FAS 157”) establishes a common
definition for fair value under U.S. generally accepted accounting principles,
establishes a framework for measuring fair value and expands disclosure
requirements about such fair value measurements.  FAS 157 is effective
for financial statements issued with fiscal years beginning after November 15,
2007 and interim periods within these fiscal years.  The Series has
evaluated the impact of adopting FAS 157 on its financial statements and
determined that there will be no material impact to the financial
statements.





(6)           Trading
Activities and Related Market and Credit Risk





The
Series engages in the speculative trading of U.S. and foreign futures contracts
and forward contracts (collectively “derivatives”).  These
derivatives include both financial and non-financial contracts held as part of a
diversified trading strategy.  The Series is exposed to both market
risk, the risk arising from changes in the market value of the contracts, and
credit risk, the risk of failure by another party to perform according to the
terms of a contract.





The
purchase and sale of futures requires margin deposits with a futures commission
merchant (“FCM”).  Additional
deposits may be necessary for any loss on contract value.  The
Commodity Exchange Act requires an FCM to segregate all customer transactions
and assets from the FCM’s proprietary activities.  A customer’s cash
and other property, such as U.S. Treasury Bills, deposited with an FCM are
considered commingled with all other customer funds subject to the FCM’s
segregation requirements.  In the event of an FCM’s insolvency,
recovery may be
limited to a pro rata share of segregated funds available.  It is
possible that the recovered amount could be less than the total of cash and
other property deposited.  The Clearing Broker is an
FCM.






F-12









Due to
forward contracts being traded in unregulated markets between principals, the
Series also assumes a credit risk and the risk of loss from counterparty
non-performance with respect to its currency trading.  Additionally,
the Series is exposed to the creditworthiness of the Clearing
Broker.  In the unlikely event of the Clearing Broker’s bankruptcy,
the Series could lose all or substantially all of its assets.





For
derivatives, risks arise from changes in the market value of the
contracts.  Theoretically, the Series is exposed to a market risk
equal to the value of futures and forward contracts purchased and unlimited
liability on such contracts sold short.





Net
trading results from derivatives for the year ended December 31, 2007 are
reflected in the Statements of Operations and equal the trading gains (losses)
less brokerage commission.  Such trading results reflect the net gain
or loss arising from the Series’ speculative trading of futures contracts and
forward contracts.





The
Members bear the risk of loss only to the extent of the market value of their
respective investment in the Series.





(7)           Financial
Highlights





The
following financial highlights show the Series’ financial performance for the
period from March 16, 2007 (commencement of operations) to December 31,
2007.  All performance returns noted are calculated based on the net
asset value per Unit for financial reporting, with organizational costs incurred
prior to issuance of Units being expensed at the commencement of the operations
of the Series.  Total return is calculated as the change in a
theoretical Member’s investment over the entire period - a percentage change in
the Member’s capital value for the period.  Total return is calculated
based on the aggregate return of the Series taken as a whole.  The
amounts are not annualized.





Period
      from
              March
      16, 2007 to
              December
      31, 2007Members’
      capital per Unit at beginning of period
            $
            1,000.000Income
      from operations:Net
      trading gains
            
            137.721Net
      investment loss
            
            (65.762)Net
      change in Members’ capital per Unit from operations
            
            71.959Members’
      capital per Unit at end of period
            $
            1,071.959Total
      return:Total
      return before performance fee
            
            9.31
            %Performance
      fee
            
            (2.11)
            %Total
      return after performance fee
            
            7.20
            %Ratios
      to average Members’ capitalNet
      investment loss
            
            (6.14)
            %Expenses:Expenses
            
            7.76
            %Performance
      fee
            
            2.03
            %Total
      expenses
            
            9.79
            %





F-13







(8)           Subsequent
Events





Member
subscriptions received for the period January 1, 2008 to March 1, 2008 totaled
$3,149,650.  Member redemptions received for the period January 1,
2008 to March 1, 2008 totaled $308,793.





F-14


Acknowledgment





To the
best of my knowledge and belief, the information contained herein is accurate
and complete.





By:  UBS
Managed Fund Services Inc.


Sponsor











By:  /s/ Per
Dyrvik


Name:  Per
Dyrvik


Title:  Treasurer








Ack-1