----

----

----

|                                                                                           |   | AlphaMetrix ManagedFutures LLC (Aspect Series) |       |   | AlphaMetrix ManagedFutures LLC |   |       | AlphaMetrix ManagedFutures LLC (Aspect Series) |   |   | AlphaMetrix ManagedFutures LLC |   |
|------------------------------------------------------------------------------------------------|--------|------------------------------------------------|------------|--------|--------------------------------|--------|------------|------------------------------------------------|--------|--------|--------------------------------|--------|
|                                                                                           |   | December 31, 2010                              |       |   | December 31, 2010              |   |       | December 31, 2009                              |   |   | December 31, 2009              |   |
| ASSETS                                                                                         |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |
| Investment in AlphaMetrix Aspect Fund - MT0001, at fair value                                  |   | $                                              | 59,446,550 |   |                           | $      | 59,446,550 |                                           |   | $      | 56,617,858                     |   |   | $ | 56,617,858 |   |
| Receivable from AlphaMetrix Aspect Fund - MT0001                                               |   |                                           | -          |   |                           |   | -          |                                           |   |   | 3,903,664                      |   |   |   | 3,903,664 |   |
| Cash at bank                                                                                   |   |                                           | 9,455,470  |   |                           |   | 9,455,470  |                                           |   |   | 2,262,341                      |   |   |   | 2,262,341 |   |
| Prepaid assets                                                                                 |   |                                           | 4,271      |   |                           |   | 4,271      |                                           |   |   | -                              |   |   |   | - |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| Total Assets                                                                                   |   | $                                              | 68,906,291 |   |                           | $      | 68,906,291 |                                           |   | $      | 62,783,863                     |   |   | $ | 62,783,863 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| LIABILITIES                                                                                    |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| REDEMPTIONS PAYABLE                                                                            |   | $                                              | 3,245,432  |   |                           | $      | 3,245,432  |                                           |   | $      | 2,294,686                      |   |   | $ | 2,294,686 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| SUBSCRIPTIONS RECEIVED IN ADVANCE                                                              |   |                                           | 1,427,344  |   |                           |   | 1,427,344  |                                           |   |   | 688,593                        |   |   |   | 688,593 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| PAYABLES:                                                                                      |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| Accrued brokerage commissions                                                                  |   |                                           | -          |   |                           |   | -          |                                           |   |   | 5,006                          |   |   |   | 5,006 |   |
| Accrued sales commissions                                                                      |   |                                           | 112,192    |   |                           |   | 112,192    |                                           |   |   | 103,466                        |   |   |   | 103,466 |   |
| Accrued sponsor's fee                                                                          |   |                                           | 28,048     |   |                           |   | 28,048     |                                           |   |   | 25,866                         |   |   |   | 25,866 |   |
| Accrued operating costs                                                                        |   |                                           | 243,153    |   |                           |   | 243,153    |                                           |   |   | 158,185                        |   |   |   | 158,185 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| Total Liabilities                                                                              |   |                                           | 5,056,169  |   |                           |   | 5,056,169  |                                           |   |   | 3,275,802                      |   |   |   | 3,275,802 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| MEMBERS' CAPITAL                                                                               |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| Members (50,277.92 and 52,347.66 units outstanding at December 31, 2010                        |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| and December 31, 2009, respectively, unlimited units authorized)                               |   |                                           | 63,839,812 |   |                           |   | 63,839,812 |                                           |   |   | 59,498,830                     |   |   |   | 59,498,830 |   |
| Sponsor (8.12 units outstanding at December 31, 2010 and                                       |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| December 31, 2009, respectively, unlimited units authorized)                                   |   |                                           | 10,310     |   |                           |   | 10,310     |                                           |   |   | 9,231                          |   |   |   | 9,231 |   |
|            Total Members’ Capital |   |                                           | 63,850,122 |   |                           |   | 63,850,122 |                                           |   |   | 59,508,061                     |   |   |   | 59,508,061 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| Total Liabilities and Members' Capital                                                         |   | $                                              | 68,906,291 |   |                           | $      | 68,906,291 |                                           |   | $      | 62,783,863                     |   |   | $ | 62,783,863 |   |
|                                                                                           |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |
| See notes to financial statements.                                                             |   |                                           |       |   |                           |   |       |                                           |   |   |                           |   |   |   |   |   |

----

| ALPHAMETRIX MANAGED FUTURES LLC                                                                                     |
|---------------------------------------------------------------------------------------------------------------------|
| Statements of Operations                                                                                            |
|   For the years ended December 31, 2010 and 2009                                                               |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                |   | AlphaMetrix ManagedFutures LLC (Aspect Series) |   |   | AlphaMetrix ManagedFutures LLC |   |   | AlphaMetrix ManagedFutures LLC (Aspect Series) |   |   | AlphaMetrix ManagedFutures LLC |   |
|                                                                                                                |   | 2010 |   |   | 2010 |   |   | 2009 |   |   | 2009 |   |
| NET INVESTMENT INCOME / (LOSS) ALLOCATED                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|   FROM ALPHAMETRIX ASPECT FUND - MT0001:                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest income                                                                                         |   | $ | 200 |   |   | $ | 200 |   |   | $ | 5,307 |   |   | $ | 5,307 |   |
|   Trading costs                                                                                           |   |   | (104,235 | ) |   |   | (104,235 | ) |   |   | (361,142 | ) |   |   | (361,142 | ) |
|   Interest expense                                                                                        |   |   | (17,876 | ) |   |   | (17,876 | ) |   |   | (37,379 | ) |   |   | (37,379 | ) |
|   Bank fees                                                                                               |   |   | (277 | ) |   |   | (277 | ) |   |   | (1,572 | ) |   |   | (1,572 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            Net investment income allocated                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|              from AlphaMetrix Aspect Fund - MT0001 |   |   | (122,188 | ) |   |   | (122,188 | ) |   |   | (394,786 | ) |   |   | (394,786 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SERIES NET INVESTMENT INCOME/(LOSS):                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest income                                                                                         |   |   | 9,374 |   |   |   | 9,374 |   |   |   | 2,943 |   |   |   | 2,943 |   |
|   Operating costs                                                                                         |   |   | (409,142 | ) |   |   | (409,142 | ) |   |   | (423,464 | ) |   |   | (423,464 | ) |
|   Management fees                                                                                         |   |   | (1,248,622 | ) |   |   | (1,248,622 | ) |   |   | (1,243,076 | ) |   |   | (1,243,076 | ) |
|   Performance fees                                                                                        |   |   | (943,239 | ) |   |   | (943,239 | ) |   |   | (10,840 | ) |   |   | (10,840 | ) |
|   Sales commissions                                                                                       |   |   | (1,244,966 | ) |   |   | (1,244,966 | ) |   |   | (1,240,937 | ) |   |   | (1,240,937 | ) |
|   Sponsor's fee                                                                                           |   |   | (311,241 | ) |   |   | (311,241 | ) |   |   | (194,773 | ) |   |   | (194,773 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            Net investment income/(loss)                      |   |   | (4,147,836 | ) |   |   | (4,147,836 | ) |   |   | (3,110,147 | ) |   |   | (3,110,147 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            Total net investment income/(loss)                |   |   | (4,270,024 | ) |   |   | (4,270,024 | ) |   |   | (3,504,933 | ) |   |   | (3,504,933 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| REALIZED AND UNREALIZED GAIN (LOSS)                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Net realized gain/(loss)                                                              |   |   | 7,634,806 |   |   |   | 7,634,806 |   |   |   | (2,885,058 | ) |   |   | (2,885,058 | ) |
|      Net increase/(decrease) in unrealized appreciation/(depreciation)                     |   |   | 3,637,270 |   |   |   | 3,637,270 |   |   |   | (2,903,171 | ) |   |   | (2,903,171 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Total realized and unrealized gain/(loss)                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      allocated from AlphaMetrix Aspect Fund - MT0001                                       |   |   | 11,272,076 |   |   |   | 11,272,076 |   |   |   | (5,788,229 | ) |   |   | (5,788,229 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net increase/(decrease) in net assets resulting from operations                                                     |   | $ | 7,002,052 |   |   | $ | 7,002,052 |   |   | $ | (9,293,162 | ) |   | $ | (9,293,162 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of units outstanding                                                                        |   |   | 51,595 |   |   |   | 51,595 |   |   |   | 49,638 |   |   |   | 49,638 |   |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income/(loss) per weighted average unit                                                                         |   | $ | 135.71 |   |   | $ | 135.71 |   |   | $ | (187.22 | ) |   | $ | (187.22 | ) |
|                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See notes to financial statements.                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| ALPHAMETRIX MANAGED FUTURES LLC                        |
|--------------------------------------------------------|
|  Statements of Changes in Members’ Capital  |
| For the years ended December 31, 2010 and 2009         |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| For the year ended December 31, 2010                   |   | AlphaMetrix Managed Futures LLC (Aspect Series) |   | AlphaMetrix Managed |   |
|                                                   |   | Members |   |   | Sponsor |   |   | Total |   |   | Futures LLC Total |   |
|                                                   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
| Members’ capital at January 1, 2010              |   | $ | 59,498,830 |   |   |   | 52,347.66 |   |   | $ | 9,231 |   |   |   | 8.12 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |
| Members’ subscriptions                           |   |   | 7,871,893 |   |   |   | 6,672.11 |   |   |   | - |   |   |   | - |   |   |   | 7,871,893 |   |   |   | 6,672.11 |   |   |   | 7,871,893 |   |   |   | 6,672.11 |   |
| Members’ redemptions                             |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   | - |   |   |   | - |   |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |
| Net investment income/(loss)                           |   |   | (4,269,363 | ) |   |   | - |   |   |   | (661 | ) |   |   | - |   |   |   | (4,270,024 | ) |   |   | - |   |   |   | (4,270,024 | ) |   |   | - |   |
| Net realized and unrealized gain/(loss) allocated from |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   AlphaMetrix Aspect Fund - MT0001           |   |   | 11,270,336 |   |   |   | - |   |   |   | 1,740 |   |   |   | - |   |   |   | 11,272,076 |   |   |   | - |   |   |   | 11,272,076 |   |   |   | - |   |
| Members’ capital at December 31, 2010            |   | $ | 63,839,812 |   |   |   | 50,277.92 |   |   | $ | 10,310 |   |   |   | 8.12 |   |   | $ | 63,850,122 |   |   |   | 50,286.04 |   |   | $ | 63,850,122 |   |   |   | 50,286.04 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2010            |   | $ | 1,136.609 |   |   |   |   |   |   | $ | 1,136.609 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit                     |   |   | 133.130 |   |   |   |   |   |   |   | 133.130 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2010          |   | $ | 1,269.739 |   |   |   |   |   |   | $ | 1,269.739 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| For the year ended December 31, 2009                   |   | AlphaMetrix Managed Futures LLC (Aspect Series) |   | AlphaMetrix Managed |   |
|                                                   |   | Members |   |   | Sponsor |   |   | Total |   | Futures LLC Total |   |
|                                                   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
| Members’ capital at January 1, 2009              |   | $ | 70,994,651 |   |   |   | 52,994.33 |   |   | $ | 10,878 |   |   |   | 8.12 |   |   | $ | 71,005,529 |   |   |   | 53,002.45 |   |   | $ | 71,005,529 |   |   |   | 53,002.45 |   |
| Members’ subscriptions                           |   |   | 26,018,438 |   |   |   | 22,372.53 |   |   |   | - |   |   |   | - |   |   |   | 26,018,438 |   |   |   | 22,372.53 |   |   |   | 26,018,438 |   |   |   | 22,372.53 |   |
| Members’ redemptions                             |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   | - |   |   |   | - |   |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |
| Net investment income/(loss)                           |   |   | (3,504,376 | ) |   |   | - |   |   |   | (557 | ) |   |   | - |   |   |   | (3,504,933 | ) |   |   | - |   |   |   | (3,504,933 | ) |   |   | - |   |
| Net realized and unrealized gain/(loss) allocated from |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   AlphaMetrix Aspect Fund - MT0001           |   |   | (5,787,139 | ) |   |   | - |   |   |   | (1,090 | ) |   |   | - |   |   |   | (5,788,229 | ) |   |   | - |   |   |   | (5,788,229 | ) |   |   | - |   |
| Members’ capital at December 31, 2009            |   | $ | 59,498,830 |   |   |   | 52,347.66 |   |   | $ | 9,231 |   |   |   | 8.12 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2009            |   | $ | 1,339.665 |   |   |   |   |   |   | $ | 1,339.665 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit                     |   |   | (203.056 | ) |   |   |   |   |   |   | (203.056 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2009          |   | $ | 1,136.609 |   |   |   |   |   |   | $ | 1,136.609 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See notes to financial statements.                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

| (1) | Organization |
|-----|--------------|

----

----

|                                                                                              |   | 2009          |       |
|---------------------------------------------------------------------------------------------------|--------|---------------|------------|
|                                                                                              |   |          |       |   |   |   |   |   |   |
|                                                                                              |   | As Originally |       |   | As |   |   | Effect of |   |
|                                                                                              |   | Stated        |       |   | Adjusted |   |   | Change |   |
| ASSETS                                                                                            |   |          |       |   |   |   |   |   |   |
| Equity in commodity trading account at clearing broker                                            |   |          |       |   |   |   |   |   |   |
| Cash                                                                                              |   | $             | 62,722,219 |   |   | $ | - |   |   | $ | (62,722,219 | ) |
| Investments representing unrealized  appreciation/(depreciation) on open contracts, net |   |          | (287,319   | ) |   |   | - |   |   |   | 287,319 |   |
| Investment in AlphaMetrix Aspect Fund - MT0001, at fair value                                     |   |          |       |   |   |   | 56,617,858 |   |   |   | 56,617,858 |   |
| Receivable from AlphaMetrix Aspect Fund - MT0001                                                  |   |          |       |   |   |   | 3,903,664 |   |   |   | 3,903,664 |   |
| Cash at bank                                                                                      |   |          | 2,352,489  |   |   |   | 2,262,341 |   |   |   | (90,148 | ) |
| Total Assets                                                                                      |   | $             | 64,787,389 |   |   | $ | 62,783,863 |   |   | $ | (2,003,526 | ) |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| LIABILITIES                                                                                       |   |          |       |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| REDEMPTIONS PAYABLE                                                                               |   | $             | 2,294,686  |   |   | $ | 2,294,686 |   |   | $ | - |   |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| SUBSCRIPTIONS RECEIVED IN ADVANCE                                                                 |   |          | 688,593    |   |   |   | 688,593 |   |   |   | - |   |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| PAYABLES:                                                                                         |   |          |       |   |   |   |   |   |   |   |   |   |
| Accrued brokerage commissions                                                                     |   |          | 5,006      |   |   |   | 5,006 |   |   |   | - |   |
| Accrued sales commission                                                                          |   |          | 103,466    |   |   |   | 103,466 |   |   |   | - |   |
| Accrued sponsor's fee                                                                             |   |          | 25,866     |   |   |   | 25,866 |   |   |   | - |   |
| Accrued management fee                                                                            |   |          | 103,642    |   |   |   | - |   |   |   | (103,642 | ) |
| Accrued operating costs                                                                           |   |          | 161,161    |   |   |   | 158,185 |   |   |   | (2,976 | ) |
| Total Liabilities                                                                                 |   |          | 3,382,420  |   |   |   | 3,275,802 |   |   |   | (106,618 | ) |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| MEMBERS' CAPITAL                                                                                  |   |          |       |   |   |   |   |   |   |   |   |   |
| Members                                                                                           |   |          | 59,498,830 |   |   |   | 59,498,830 |   |   |   | - |   |
| Sponsor                                                                                           |   |          | 9,231      |   |   |   | 9,231 |   |   |   | - |   |
| Total Aspect Series members' capital                                                              |   |          | 59,508,061 |   |   |   | 59,508,061 |   |   |   | - |   |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| Noncontrolling interest                                                                           |   |          | 1,896,908  |   |   |   | - |   |   |   | (1,896,908 | ) |
| Total Members’ Capital                                                                      |   |          | 61,404,969 |   |   |   | 59,508,061 |   |   |   | (1,896,908 | ) |
|                                                                                              |   |          |       |   |   |   |   |   |   |   |   |   |
| Total Liabilities and Members’ Capital                                                      |   | $             | 64,787,389 |   |   | $ | 62,783,863 |   |   | $ | (2,003,526 | ) |

----

|                                                                                              |   | 2010     |       |
|---------------------------------------------------------------------------------------------------|--------|----------|------------|
|                                                                                              |   |     |       |   |   |   |   |   |   |
|                                                                                              |   | As       |       |   | As If |   |   | Effect of |   |
|                                                                                              |   | Reported |       |   | Consolidated |   |   | Change |   |
| ASSETS                                                                                            |   |     |       |   |   |   |   |   |   |
| Equity in commodity trading account at clearing broker                                            |   |     |       |   |   |   |   |   |   |
| Cash                                                                                              |   | $        | -          |   |   | $ | 62,902,353 |   |   | $ | 62,902,353 |   |
| Investments representing unrealized  appreciation/(depreciation) on open contracts, net |   |     | -          |   |   |   | 3,649,994 |   |   |   | 3,649,994 |   |
| Investment in AlphaMetrix Aspect Fund - MT0001, at fair value                                     |   |     | 59,446,550 |   |   |   | - |   |   |   | (59,446,550 | ) |
| Cash at bank                                                                                      |   |     | 9,455,470  |   |   |   | 11,563,168 |   |   |   | 2,107,698 |   |
| Prepaid Asset                                                                                     |   |     | 4,271      |   |   |   | 4,271 |   |   |   | - |   |
| Total Assets                                                                                      |   | $        | 68,906,291 |   |   | $ | 78,119,786 |   |   | $ | 9,213,495 |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| LIABILITIES                                                                                       |   |     |       |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| REDEMPTIONS PAYABLE                                                                               |   | $        | 3,245,432  |   |   | $ | 3,245,432 |   |   | $ | - |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| SUBSCRIPTIONS RECEIVED IN ADVANCE                                                                 |   |     | 1,427,344  |   |   |   | 1,427,344 |   |   |   | - |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| PAYABLES:                                                                                         |   |     |       |   |   |   |   |   |   |   |   |   |
| Accrued brokerage commissions                                                                     |   |     | -          |   |   |   | - |   |   |   | - |   |
| Accrued sales commission                                                                          |   |     | 112,192    |   |   |   | 112,192 |   |   |   | - |   |
| Accrued sponsor's fee                                                                             |   |     | 28,048     |   |   |   | 28,048 |   |   |   | - |   |
| Accrued operating costs                                                                           |   |     | 243,153    |   |   |   | 245,007 |   |   |   | 1,854 |   |
| Payable to trading advisor                                                                        |   |     | -          |   |   |   | 974,920 |   |   |   | 974,920 |   |
| Total Liabilities                                                                                 |   |     | 5,056,169  |   |   |   | 6,032,943 |   |   |   | 976,774 |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| MEMBERS' CAPITAL                                                                                  |   |     |       |   |   |   |   |   |   |   |   |   |
| Members                                                                                           |   |     | 63,839,812 |   |   |   | 63,839,812 |   |   |   | - |   |
| Sponsor                                                                                           |   |     | 10,310     |   |   |   | 10,310 |   |   |   | - |   |
| Total Aspect Series members' capital                                                              |   |     | 63,850,122 |   |   |   | 63,850,122 |   |   |   | - |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| Noncontrolling interest                                                                           |   |     | -          |   |   |   | 8,236,721 |   |   |   | 8,236,721 |   |
| Total Members’ Capital                                                                      |   |     | 63,850,122 |   |   |   | 72,086,843 |   |   |   | 8,236,721 |   |
|                                                                                              |   |     |       |   |   |   |   |   |   |   |   |   |
| Total Liabilities and Members’ Capital                                                      |   | $        | 68,906,291 |   |   | $ | 78,119,786 |   |   | $ | 9,213,495 |   |

----

|                                                                   |   |   As Originally Reported    |   |   |   2009As Adjusted     |   |   Effect of Change |
|------------------------------------------------------------------------|--------|----------------------------------|--------|--------|----------------------------|--------|-------------------------|
|                                                                   |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | % of Members’ Capital |   |   |   Number of Contracts |   |                    |   Net Unrealized Appreciation /(Depreciation) on Open Contracts |   |   |   % of Members’ Capital |   |   |   Number of Contracts |   |   |   Net Unrealized Appreciation /(Depreciation) on Open Contracts |   |   |   % of Members’ Capital |   |   |   Number of Contracts |   |   |   Net Unrealized Appreciation /(Depreciation) on Open Contracts |   |
| FUTURES CONTRACTS:                                                     |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long contracts                                                         |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Domestic                                                               |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                            |   |                             | 0.86   | %      |                       |   | 310                     |   |   | $ | 503,864 |   |   |   | 0.00 | % |   |   | - |   |   | $ | - |   |   |   | (0.86 | ) % |   |   | (310 | ) |   | $ | (503,864 | ) |
| Energy                                                                 |   |                             | 0.30   |   |                       |   | 92                      |   |   |   | 175,913 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.30 | ) |   |   | (92 | ) |   |   | (175,913 | ) |
| Interest Rates                                                         |   |                             | (0.86  | )      |                       |   | 474                     |   |   |   | (505,756 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.86 |   |   |   | (474 | ) |   |   | 505,756 |   |
| Metals                                                                 |   |                             | (0.97  | )      |                       |   | 91                      |   |   |   | (567,985 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.97 |   |   |   | (91 | ) |   |   | 567,985 |   |
| Indices                                                                |   |                             | 0.28   |   |                       |   | 196                     |   |   |   | 161,414 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.28 | ) |   |   | (196 | ) |   |   | (161,414 | ) |
| Currency                                                               |   |                             | (0.03  | )      |                       |   | 2                       |   |   |   | (14,700 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.03 |   |   |   | (2 | ) |   |   | 14,700 |   |
|   Foreign                                                         |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                            |   |                             | 0.15   |   |                       |   | 55                      |   |   |   | 87,767 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.15 | ) |   |   | (55 | ) |   |   | (87,767 | ) |
| Indices                                                                |   |                             | 0.57   |   |                       |   | 348                     |   |   |   | 332,218 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.57 | ) |   |   | (348 | ) |   |   | (332,218 | ) |
| Interest Rates                                                         |   |                             | (0.88  | )      |                       |   | 1,936                   |   |   |   | (508,277 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.88 |   |   |   | (1,936 | ) |   |   | 508,277 |   |
| Metals                                                                 |   |                             | 0.51   |   |                       |   | 137                     |   |   |   | 295,887 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.51 | ) |   |   | (137 | ) |   |   | (295,887 | ) |
| Currency                                                               |   |                             | 0.00   |   |                       |   | 3                       |   |   |   | 73 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.00 |   |   |   | (3 | ) |   |   | (73 | ) |
|                                                                   |   |                             | (0.07  | )      |                       |   |                    |   |   |   | (39,582 | ) |   |   | 0.00 |   |   |   |   |   |   |   | - |   |   |   | 0.07 |   |   |   |   |   |   |   | 39,582 |   |
| Short contracts                                                        |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Domestic                                                               |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                            |   |                             | (0.04  | )      |                       |   | 173                     |   |   |   | (20,498 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.04 |   |   |   | (173 | ) |   |   | 20,498 |   |
| Energy                                                                 |   |                             | 0.06   |   |                       |   | 11                      |   |   |   | 35,290 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.06 | ) |   |   | (11 | ) |   |   | (35,290 | ) |
| Interest Rates                                                         |   |                             | 0.00   |   |                       |   | 14                      |   |   |   | 2,732 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.00 |   |   |   | (14 | ) |   |   | (2,732 | ) |
|   Foreign                                                         |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                            |   |                             | 0.00   |   |                       |   | 36                      |   |   |   | 1,022 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.00 |   |   |   | (36 | ) |   |   | (1,022 | ) |
| Interest Rates                                                         |   |                             | 0.04   |   |                       |   | 85                      |   |   |   | 16,133 |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | (0.04 | ) |   |   | (85 | ) |   |   | (16,133 | ) |
| Metals                                                                 |   |                             | (0.08  | )      |                       |   | 10                      |   |   |   | (49,512 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.08 |   |   |   | (10 | ) |   |   | 49,512 |   |
|                                                                   |   |                             | (0.02  | )      |                       |   |                    |   |   |   | (14,833 | ) |   |   | 0.00 |   |   |   |   |   |   |   | - |   |   |   | 0.02 |   |   |   |   |   |   |   | 14,833 |   |
|                                                                   |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total futures contracts                                                |   |                             | (0.09  | )      |                       |   |                    |   |   |   | (54,415 | ) |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 0.09 |   |   |   |   |   |   |   | 54,415 |   |
|                                                                   |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FORWARD CURRENCY CONTRACTS:                                            |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Total forward currency                               |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| contracts long                                                         |   |                             | (0.13  | )      |                       |   |                    |   |   |   | (73,476 | ) |   |   | 0.00 |   |   |   |   |   |   |   | - |   |   |   | 0.13 |   |   |   |   |   |   |   | 73,476 |   |
|    Total forward currency                               |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| contracts short                                                        |   |                             | (0.27  | )      |                       |   |                    |   |   |   | (159,428 | ) |   |   | 0.00 |   |   |   |   |   |   |   | - |   |   |   | 0.27 |   |   |   |   |   |   |   | 159,428 |   |
|                                                                   |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total forward currency                                                 |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  contracts                                                        |   |                             | (0.40  | )      |                       |   |                    |   |   |   | (232,904 | ) |   |   | 0.00 |   |   |   |   |   |   |   | - |   |   |   | 0.40 |   |   |   |   |   |   |   | 232,904 |   |
|                                                                   |   |                             |   |   |                       |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net unrealized appreciation/(depreciation) on open contracts |   |                             | (0.49  | ) %    |                       |   |                    |   |   | $ | (287,319 | ) |   |   | 0.00 | % |   |   |   |   |   | $ | - |   |   |   | 0.49 | % |   |   |   |   |   | $ | 287,319 |   |

----

|                                                                    |   | As Reported                      |   |   | 2010As if Consolidated |   |   | Effect of Change                                              |   |
|-------------------------------------------------------------------------|--------|----------------------------------|--------|--------|------------------------|--------|--------|---------------------------------------------------------------|--------|
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   | % of Members’ Capital |   |   | Number of Contracts    |   |   | Net Unrealized Appreciation / (Depreciation) onOpen Contracts |   |   | % of Members’ Capital |   |   |  Number of Contracts |   |   |  Net Unrealized Appreciation / (Depreciation) on Open Contracts |   |   |  % of     Members’ Capital |   |   |  Number of Contracts |   |   |  Net Unrealized Appreciation / (Depreciation) on Open Contracts |   |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FUTURES CONTRACTS:                                                      |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long contracts                                                          |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Domestic                                                                |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                             |   |                             | 0.00   | %      |                   |   | -      |                                                          |   | $ | - |   |   |   | 1.45 | % |   |   | 326 |   |   | $ | 1,043,200 |   |   |   | 1.45 | % |   |   | 326 |   |   | $ | 1,043,200 |   |
| Energy                                                                  |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.46 |   |   |   | 167 |   |   |   | 334,546 |   |   |   | 0.46 |   |   |   | 167 |   |   |   | 334,546 |   |
| Interest Rates                                                          |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | (0.05 | ) |   |   | 112 |   |   |   | (39,769 | ) |   |   | (0.05 | ) |   |   | 112 |   |   |   | (39,769 | ) |
| Metals                                                                  |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 1.06 |   |   |   | 99 |   |   |   | 764,353 |   |   |   | 1.06 |   |   |   | 99 |   |   |   | 764,353 |   |
| Indices                                                                 |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.23 |   |   |   | 166 |   |   |   | 160,295 |   |   |   | 0.23 |   |   |   | 166 |   |   |   | 160,295 |   |
| Currency                                                                |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.00 |   |   |   | 1 |   |   |   | 3,163 |   |   |   | 0.00 |   |   |   | 1 |   |   |   | 3,163 |   |
| Foreign                                                                 |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                             |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.03 |   |   |   | 69 |   |   |   | 22,836 |   |   |   | 0.03 |   |   |   | 69 |   |   |   | 22,836 |   |
| Indices                                                                 |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.00 |   |   |   | 296 |   |   |   | 2,266 |   |   |   | 0.00 |   |   |   | 296 |   |   |   | 2,266 |   |
| Interest Rates                                                          |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.06 |   |   |   | 632 |   |   |   | 40,829 |   |   |   | 0.06 |   |   |   | 632 |   |   |   | 40,829 |   |
| Metals                                                                  |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.57 |   |   |   | 71 |   |   |   | 412,506 |   |   |   | 0.57 |   |   |   | 71 |   |   |   | 412,506 |   |
|                                                                    |   |                             | 0.00   |   |                   |   |   |                                                          |   |   | - |   |   |   | 3.81 |   |   |   |   |   |   |   | 2,744,225 |   |   |   | 3.81 |   |   |   |   |   |   |   | 2,744,225 |   |
| Short contracts                                                         |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Domestic                                                                |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Agriculture                                                             |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | (0.01 | ) |   |   | 7 |   |   |   | (9,920 | ) |   |   | (0.01 | ) |   |   | 7 |   |   |   | (9,920 | ) |
| Energy                                                                  |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | (0.14 | ) |   |   | 49 |   |   |   | (98,910 | ) |   |   | (0.14 | ) |   |   | 49 |   |   |   | (98,910 | ) |
| Interest Rates                                                          |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | (0.01 | ) |   |   | 8 |   |   |   | (7,406 | ) |   |   | (0.01 | ) |   |   | 8 |   |   |   | (7,406 | ) |
| Foreign                                                                 |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Indices                                                                 |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | 0.02 |   |   |   | 4 |   |   |   | 14,577 |   |   |   | 0.02 |   |   |   | 4 |   |   |   | 14,577 |   |
| Interest Rates                                                          |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | (0.08 | ) |   |   | 220 |   |   |   | (59,988 | ) |   |   | (0.08 | ) |   |   | 220 |   |   |   | (59,988 | ) |
| Metals                                                                  |   |                             | 0.00   |   |                   |   | -      |                                                          |   |   | - |   |   |   | (0.11 | ) |   |   | 15 |   |   |   | (79,048 | ) |   |   | (0.11 | ) |   |   | 15 |   |   |   | (79,048 | ) |
|                                                                    |   |                             | 0.00   |   |                   |   |   |                                                          |   |   | - |   |   |   | (0.33 | ) |   |   |   |   |   |   | (240,695 | ) |   |   | (0.33 | ) |   |   |   |   |   |   | (240,695 | ) |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total futures contracts                                                 |   |                             | 0.00   |   |                   |   |   |                                                          |   |   | - |   |   |   | 3.48 |   |   |   |   |   |   |   | 2,503,530 |   |   |   | 3.48 |   |   |   |   |   |   |   | 2,503,530 |   |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FORWARD CURRENCY CONTRACTS:                                             |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Total forward currency                                |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| contracts long                                                          |   |                             | 0.00   |   |                   |   |   |                                                          |   |   | - |   |   |   | 0.49 |   |   |   |   |   |   |   | 356,662 |   |   |   | 0.49 |   |   |   |   |   |   |   | 356,662 |   |
|    Total forward currency                                |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| contracts short                                                         |   |                             | 0.00   |   |                   |   |   |                                                          |   |   | - |   |   |   | 1.09 |   |   |   |   |   |   |   | 789,802 |   |   |   | 1.09 |   |   |   |   |   |   |   | 789,802 |   |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total forward currency                                                  |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  contracts                                                         |   |                             | 0.00   |   |                   |   |   |                                                          |   |   | - |   |   |   | 1.58 |   |   |   |   |   |   |   | 1,146,464 |   |   |   | 1.58 |   |   |   |   |   |   |   | 1,146,464 |   |
|                                                                    |   |                             |   |   |                   |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net unrealized appreciation/(depreciation)  on open contracts |   |                             | 0.00   | %      |                   |   |   |                                                          |   | $ | - |   |   |   | 5.06 | % |   |   |   |   |   | $ | 3,649,994 |   |   |   | 5.06 | % |   |   |   |   |   | $ | 3,649,994 |   |

----

|                                                                                                                |   | 2009          |       |
|---------------------------------------------------------------------------------------------------------------------|--------|---------------|------------|
|                                                                                                                |   | As Originally |       |   | As |   |   | Effect of |   |
|                                                                                                                |   | Reported      |       |   | Adjusted |   |   | Change |   |
| NET INVESTMENT INCOME ALLOCATED                                                                                     |   |          |       |   |   |   |   |   |   |
|   FROM ALPHAMETRIX ASPECT FUND - MT0001:                                                                  |   |          |       |   |   |   |   |   |   |
|   Interest income                                                                                         |   | $             | -          |   |   | $ | 5,307 |   |   | $ | 5,307 |   |
|   Trading costs                                                                                           |   |          | -          |   |   |   | (361,142 | ) |   |   | (361,142 | ) |
|   Interest expense                                                                                        |   |          | -          |   |   |   | (37,379 | ) |   |   | (37,379 | ) |
|   Bank fees                                                                                               |   |          | -          |   |   |   | (1,572 | ) |   |   | (1,572 | ) |
|            Net investment income allocated                   |   |          |       |   |   |   |   |   |   |   |   |   |
|              from AlphaMetrix Aspect Fund - MT0001 |   |          | -          |   |   |   | (394,786 | ) |   |   | (394,786 | ) |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| Trading gains (losses):                                                                                             |   |          |       |   |   |   |   |   |   |   |   |   |
| Net realized gain (loss)                                                                                            |   | $             | (2,890,175 | ) |   | $ | - |   |   | $ | 2,890,175 |   |
| Net change in unrealized                                                                                            |   |          |       |   |   |   |   |   |   |   |   |   |
| appreciation (depreciation) on open contracts                                                                       |   |          | (3,000,525 | ) |   |   | - |   |   |   | 3,000,525 |   |
| Brokerage commission                                                                                                |   |          | (361,683   | ) |   |   | - |   |   |   | 361,683 |   |
| Net trading gains (losses)                                                                                          |   |          | (6,252,383 | ) |   |   | - |   |   |   | 6,252,383 |   |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| SERIES NET INVESTMENT INCOME/(LOSS):                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| Interest income                                                                                                     |   |          | 6,892      |   |   |   | 2,943 |   |   |   | (3,949 | ) |
| Operating costs                                                                                                     |   |          | (425,040   | ) |   |   | (423,464 | ) |   |   | 1,576 |   |
| Management fee                                                                                                      |   |          | (1,243,076 | ) |   |   | (1,243,076 | ) |   |   | - |   |
| Performance fee                                                                                                     |   |          | (10,840    | ) |   |   | (10,840 | ) |   |   | - |   |
| Sales commission                                                                                                    |   |          | (1,240,937 | ) |   |   | (1,240,937 | ) |   |   | - |   |
| Sponsor’s fee                                                                                                 |   |          | (194,773   | ) |   |   | (194,773 | ) |   |   | - |   |
| Interest expense                                                                                                    |   |          | (36,097    | ) |   |   | - |   |   |   | 36,097 |   |
| Net investment income (loss)                                                                                        |   |          | (3,143,871 | ) |   |   | (3,110,147 | ) |   |   | 33,724 |   |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| Total net investment income/(loss)                                                                                  |   |          | (3,505,554 | ) |   |   | (3,504,933 | ) |   |   | 621 |   |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| REALIZED AND UNREALIZED GAIN (LOSS)                                                                                 |   |          |       |   |   |   |   |   |   |   |   |   |
|   ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001                                                         |   |          |       |   |   |   |   |   |   |   |   |   |
|      Net realized gain/(loss)                                                              |   |          | -          |   |   |   | (2,885,058 | ) |   |   | (2,885,058 | ) |
|      Net increase/(decrease) in unrealized appreciation/(depreciation)                     |   |          | -          |   |   |   | (2,903,171 | ) |   |   | (2,903,171 | ) |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
|      Total realized and unrealized gain/(loss)                                             |   |          |       |   |   |   |   |   |   |   |   |   |
|      allocated from AlphaMetrix Aspect Fund - MT0001                                       |   |          | -          |   |   |   | (5,788,229 | ) |   |   | (5,788,229 | ) |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
|                                                                                                                |   |          | (9,396,254 | ) |   |   | - |   |   |   | 9,396,254 |   |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| Less:  Net income (loss) attributable to noncontrolling interest                                          |   |          | (103,092   | ) |   |   | - |   |   |   | 103,092 |   |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to Aspect Series                                                                     |   | $             | (9,293,162 | ) |   | $ | - |   |   | $ | 9,293,162 |   |
|                                                                                                                |   |          |       |   |   |   |   |   |   |   |   |   |
| Net increase/(decrease) in net assets resulting from operations                                                     |   | $             | -          |   |   | $ | (9,293,162 | ) |   | $ | (9,293,162 | ) |

----

|                                                                                                                |   | 2010     |       |
|---------------------------------------------------------------------------------------------------------------------|--------|----------|------------|
|                                                                                                                |   | As       |       |   | As if |   |   | Effect of |   |
|                                                                                                                |   | Reported |       |   | Consolidated |   |   | Change |   |
| NET INVESTMENT INCOME ALLOCATED                                                                                     |   |     |       |   |   |   |   |   |   |
|   FROM ALPHAMETRIX ASPECT FUND - MT0001:                                                                  |   |     |       |   |   |   |   |   |   |
|   Interest income                                                                                         |   | $        | 200        |   |   | $ | - |   |   | $ | (200 | ) |
|   Trading costs                                                                                           |   |     | (104,235   | ) |   |   | - |   |   |   | 104,235 |   |
|   Interest expense                                                                                        |   |     | (17,876    | ) |   |   | - |   |   |   | 17,876 |   |
|   Bank fees                                                                                               |   |     | (277       | ) |   |   | - |   |   |   | 277 |   |
|            Net investment income allocated                   |   |     |       |   |   |   |   |   |   |   |   |   |
|              from AlphaMetrix Aspect Fund - MT0001 |   |     | (122,188   | ) |   |   | - |   |   |   | 122,188 |   |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Trading gains (losses):                                                                                             |   |     |       |   |   |   |   |   |   |   |   |   |
| Net realized gain (loss)                                                                                            |   | $        | -          |   |   | $ | 8,357,445 |   |   | $ | 8,357,445 |   |
| Net change in unrealized                                                                                            |   |     |       |   |   |   |   |   |   |   |   |   |
| appreciation (depreciation) on open contracts                                                                       |   |     | -          |   |   |   | 3,936,310 |   |   |   | 3,936,310 |   |
| Brokerage commission                                                                                                |   |     | -          |   |   |   | (112,421 | ) |   |   | (112,421 | ) |
| Net trading gains (losses)                                                                                          |   |     | -          |   |   |   | 12,181,334 |   |   |   | 12,181,334 |   |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| SERIES NET INVESTMENT INCOME/(LOSS)                                                                                 |   |     |       |   |   |   |   |   |   |   |   |   |
| Interest income                                                                                                     |   |     | 9,374      |   |   |   | 9,583 |   |   |   | 209 |   |
| Operating costs                                                                                                     |   |     | (409,142   | ) |   |   | (409,444 | ) |   |   | (302 | ) |
| Management fee                                                                                                      |   |     | (1,248,622 | ) |   |   | (1,248,622 | ) |   |   | - |   |
| Performance fee                                                                                                     |   |     | (943,239   | ) |   |   | (943,239 | ) |   |   | - |   |
| Sales commission                                                                                                    |   |     | (1,244,966 | ) |   |   | (1,244,966 | ) |   |   | - |   |
| Sponsor’s fee                                                                                                 |   |     | (311,241   | ) |   |   | (311,241 | ) |   |   | - |   |
| Interest expense                                                                                                    |   |     | -          |   |   |   | (19,292 | ) |   |   | (19,292 | ) |
| Net investment income (loss)                                                                                        |   |     | (4,147,836 | ) |   |   | (4,167,221 | ) |   |   | (19,385 | ) |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Total net investment income/(loss)                                                                                  |   |     | (4,270,024 | ) |   |   | - |   |   |   | 4,270,024 |   |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| REALIZED AND UNREALIZED GAIN (LOSS)                                                                                 |   |     |       |   |   |   |   |   |   |   |   |   |
|   ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001                                                         |   |     |       |   |   |   |   |   |   |   |   |   |
|      Net realized gain/(loss)                                                              |   |     | 7,634,806  |   |   |   | - |   |   |   | (7,634,806 | ) |
|      Net increase/(decrease) in unrealized appreciation/(depreciation)                     |   |     | 3,637,270  |   |   |   | - |   |   |   | (3,637,270 | ) |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
|      Total realized and unrealized gain/(loss)                                             |   |     |       |   |   |   |   |   |   |   |   |   |
|      allocated from AlphaMetrix Aspect Fund - MT0001                                       |   |     | 11,272,076 |   |   |   | - |   |   |   | (11,272,076 | ) |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
|                                                                                                                |   |     | -          |   |   |   | 8,014,113 |   |   |   | 8,014,113 |   |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Less:  Net income (loss) attributable to noncontrolling interest                                          |   |     | -          |   |   |   | 1,012,061 |   |   |   | 1,012,061 |   |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to Aspect Series                                                                     |   | $        | -          |   |   | $ | 7,002,052 |   |   | $ | 7,002,052 |   |
|                                                                                                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Net increase/(decrease) in net assets resulting from operations                                                     |   | $        | 7,002,052  |   |   | $ | - |   |   | $ | (7,002,052 | ) |

----

|                                          |   | 2009                                            |
|-----------------------------------------------|--------|-------------------------------------------------|
|                                          |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | As Originally Reported                          |
|                                          |   | AlphaMetrix Managed Futures LLC (Aspect Series) |   |   |   |   |   |   |   |   |   |   |   |   |   |   | AlphaMetrix Managed |   |
|                                          |   | Members                                         |   | Sponsor |   |   | Noncontrolling interest |   |   | Total |   |   | Futures LLC Total |   |
|                                          |   | Amount                                          |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
| Members capital at January 1, 2009            |   | $                                               | 70,994,651 |   |   |   | 52,994.33 |   |   | $ | 10,878 |   |   |   | 8.12 |   |   | $ | - |   |   |   | n/a |   |   | $ | 71,005,529 |   |   |   | 53,002.45 |   |   | $ | 71,005,529 |   |   |   | 53,002.45 |   |
| Members' subscriptions                        |   |                                            | 26,018,438 |   |   |   | 22,372.53 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | 26,018,438 |   |   |   | 22,372.53 |   |   |   | 26,018,438 |   |   |   | 22,372.53 |   |
| Members' redemptions                          |   |                                            | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |
| Noncontrolling interest                       |   |                                            | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,000,000 |   |   |   | n/a |   |   |   | 2,000,000 |   |   |   | - |   |   |   | 2,000,000 |   |   |   | - |   |
| Net income/(loss)                             |   |                                            | (9,291,515 | ) |   |   | - |   |   |   | (1,647 | ) |   |   | - |   |   |   | (103,092 | ) |   |   | n/a |   |   |   | (9,396,254 | ) |   |   | - |   |   |   | (9,396,254 | ) |   |   | - |   |
| Members' capital at December 31, 2009         |   | $                                               | 59,498,830 |   |   |   | 52,347.66 |   |   | $ | 9,231 |   |   |   | 8.12 |   |   | $ | 1,896,908 |   |   |   | n/a |   |   | $ | 61,404,969 |   |   |   | 52,355.78 |   |   | $ | 61,404,969 |   |   |   | 52,355.78 |   |
|                                          |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2009   |   | $                                               | 1,339.665 |   |   |   |   |   |   | $ | 1,339.665 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit            |   |                                            | (203.056 | ) |   |   |   |   |   |   | (203.056 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2009 |   |                                            | 1,136.609 |   |   |   |   |   |   |   | 1,136.609 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | As Adjusted                                     |   |   |   |   |   |   |   |   |   |
|                                          |   | AlphaMetrix Managed Futures LLC (Aspect Series) |   |   | AlphaMetrix Managed |   |   |   |   |   |   |   |   |   |
|                                          |   | Members                                         |   |   | Sponsor |   |   | Total |   |   | Futures LLC Total |   |   |   |   |   |   |   |   |   |
|                                          |   | Amount                                          |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   |   |   |   |   |   |   |   |
| Members capital at January 1, 2009            |   | $                                               | 70,994,651 |   |   |   | 52,994.33 |   |   | $ | 10,878 |   |   |   | 8.12 |   |   | $ | 71,005,529 |   |   |   | 53,002.45 |   |   | $ | 71,005,529 |   |   |   | 53,002.45 |   |   |   |   |   |   |   |   |   |
| Members' subscriptions                        |   |                                            | 26,018,438 |   |   |   | 22,372.53 |   |   |   | - |   |   |   | - |   |   |   | 26,018,438 |   |   |   | 22,372.53 |   |   |   | 26,018,438 |   |   |   | 22,372.53 |   |   |   |   |   |   |   |   |   |
| Members' redemptions                          |   |                                            | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   | - |   |   |   | - |   |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   | (28,222,744 | ) |   |   | (23,019.20 | ) |   |   |   |   |   |   |   |   |
| Net investment income/(loss)                  |   |                                            | (3,504,376 | ) |   |   | - |   |   |   | (557 | ) |   |   | - |   |   |   | (3,504,933 | ) |   |   | - |   |   |   | (3,504,933 | ) |   |   | - |   |   |   |   |   |   |   |   |   |
| Net realized and unrealized gain/(loss)       |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| allocated from AlphaMetrix                    |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aspect Fund - MT0001                          |   |                                            | (5,787,139 | ) |   |   | - |   |   |   | (1,090 | ) |   |   | - |   |   |   | (5,788,229 | ) |   |   | - |   |   |   | (5,788,229 | ) |   |   | - |   |   |   |   |   |   |   |   |   |
| Members' capital at December 31, 2009         |   | $                                               | 59,498,830 |   |   |   | 52,347.66 |   |   | $ | 9,231 |   |   |   | 8.12 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |   |   |   |   |   |   |   |   |
|                                          |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2009   |   | $                                               | 1,339.665 |   |   |   |   |   |   | $ | 1,339.665 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit            |   |                                            | (203.056 | ) |   |   |   |   |   |   | (203.056 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2009 |   |                                            | 1,136.609 |   |   |   |   |   |   |   | 1,136.609 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | Effect of Change                                |
|                                          |   | AlphaMetrix Managed Futures LLC (Aspect Series) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | AlphaMetrix Managed |   |
|                                          |   | Members                                         |   |   | Sponsor |   |   | Noncontrolling interest |   |   | Total |   |   | Futures LLC Total |   |
|                                          |   | Amount                                          |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
| Members capital at January 1, 2009            |   | $                                               | - |   |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | - |   |   |   | n/a |   |   | $ | - |   |   |   | - |   |   | $ | - |   |   |   | - |   |
| Members' subscriptions                        |   |                                            | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Members' redemptions                          |   |                                            | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Noncontrolling interest                       |   |                                            | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,000,000 | ) |   |   | n/a |   |   |   | (2,000,000 | ) |   |   | - |   |   |   | (2,000,000 | ) |   |   | - |   |
| Net investment income/(loss)                  |   |                                            | (3,504,376 | ) |   |   | - |   |   |   | (557 | ) |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | (3,504,933 | ) |   |   | - |   |   |   | (3,504,933 | ) |   |   | - |   |
| Net realized and unrealized gain/(loss)       |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   | - |   |
| allocated from AlphaMetrix                    |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   | - |   |
| Aspect Fund - MT0001                          |   |                                            | (5,787,139 | ) |   |   | - |   |   |   | (1,090 | ) |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | (5,788,229 | ) |   |   | - |   |   |   | (5,788,229 | ) |   |   | - |   |
| Net income/(loss)                             |   |                                            | 9,291,515 |   |   |   | - |   |   |   | 1,647 |   |   |   | - |   |   |   | 103,092 |   |   |   | n/a |   |   |   | 9,396,254 |   |   |   | - |   |   |   | 9,396,254 |   |   |   | - |   |
| Members' capital at December 31, 2009         |   | $                                               | - |   |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | (1,896,908 | ) |   |   | n/a |   |   | $ | (1,896,908 | ) |   |   | - |   |   | $ | (1,896,908 | ) |   |   | - |   |
|                                          |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2009   |   | $                                               | - |   |   |   |   |   |   | $ | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit            |   |                                            | - |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2009 |   |                                            | - |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                          |   | 2010                                            |        |
|-----------------------------------------------|--------|-------------------------------------------------|-------------|
|                                          |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | As Reported                                     |        |   |   |   |   |   |   |
|                                          |   | AlphaMetrix Managed Futures LLC (Aspect Series) |        |   | AlphaMetrix Managed |   |   |   |   |   |   |   |
|                                          |   | Members                                         |        | Sponsor |   |   | Total |   | Futures LLC Total |   |   |   |   |   |   |   |
|                                          |   | Amount                                          |        |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   |   |   |   |   |   |
| Members capital at January 1, 2010            |   | $                                               | 59,498,830  |   |   |   | 52,347.66 |   |   | $ | 9,231 |   |   |   | 8.12 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |   | $ | 59,508,061 |   |   |   | 52,355.78 |   |   |   |   |   |   |   |
| Members' subscriptions                        |   |                                            | 7,871,893   |   |   |   | 6,672.11 |   |   |   | - |   |   |   | - |   |   |   | 7,871,893 |   |   |   | 6,672.11 |   |   |   | 7,871,893 |   |   |   | 6,672.11 |   |   |   |   |   |   |   |
| Members' redemptions                          |   |                                            | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   | - |   |   |   | - |   |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   |   |   |   |   |
| Noncontrolling interest                       |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   |
| Net investment income/(loss)                  |   |                                            | (4,269,363  | ) |   |   | - |   |   |   | (661 | ) |   |   | - |   |   |   | (4,270,024 | ) |   |   | - |   |   |   | (4,270,024 | ) |   |   | - |   |   |   |   |   |   |   |
| Net realized and unrealized gain/(loss)       |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| allocated from AlphaMetrix                    |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aspect Fund - MT0001                          |   |                                            | 11,270,336  |   |   |   | - |   |   |   | 1,740 |   |   |   | - |   |   |   | 11,272,076 |   |   |   | - |   |   |   | 11,272,076 |   |   |   | - |   |   |   |   |   |   |   |
| Members' capital at December 31, 2010         |   | $                                               | 63,839,812  |   |   |   | 50,277.92 |   |   | $ | 10,310 |   |   |   | 8.12 |   |   | $ | 63,850,122 |   |   |   | 50,286.04 |   |   | $ | 63,850,122 |   |   |   | 50,286.04 |   |   |   |   |   |   |   |
|                                          |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2010   |   | $                                               | 1,136.609   |   |   |   |   |   |   | $ | 1,136.609 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit            |   |                                            | 133.130     |   |   |   |   |   |   |   | 133.130 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2010 |   |                                            | 1,269.739   |   |   |   |   |   |   |   | 1,269.739 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | As if Consolidated                              |        |
|                                          |   | AlphaMetrix Managed Futures LLC (Aspect Series) |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | AlphaMetrix Managed |   |
|                                          |   | Members                                         |        | Sponsor |   |   | Noncontrolling interest |   |   | Total |   |   | Futures LLC Total |   |
|                                          |   | Amount                                          |        |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
| Members capital at January 1, 2010            |   | $                                               | 59,498,830  |   |   |   | 52,347.66 |   |   | $ | 9,231 |   |   |   | 8.12 |   |   | $ | 1,896,908 |   |   |   | n/a |   |   | $ | 61,404,969 |   |   |   | 52,355.78 |   |   | $ | 61,404,969 |   |   |   | 52,355.78 |   |
| Members' subscriptions                        |   |                                            | 7,871,893   |   |   |   | 6,672.11 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | 7,871,893 |   |   |   | 6,672.11 |   |   |   | 7,871,893 |   |   |   | 6,672.11 |   |
| Members' redemptions                          |   |                                            | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |   |   | (10,531,884 | ) |   |   | (8,741.85 | ) |
| Noncontrolling interest                       |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 5,327,752 |   |   |   | n/a |   |   |   | 5,327,752 |   |   |   | - |   |   |   | 5,327,752 |   |   |   | - |   |
| Net investment income/(loss)                  |   |                                            | (4,269,363  | ) |   |   | - |   |   |   | (661 | ) |   |   | - |   |   |   | (9,618 | ) |   |   | n/a |   |   |   | (4,279,642 | ) |   |   | - |   |   |   | (4,279,642 | ) |   |   | - |   |
| Net realized and unrealized gain/(loss)       |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| allocated from AlphaMetrix                    |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Aspect Fund - MT0001                          |   |                                            | 11,270,336  |   |   |   | - |   |   |   | 1,740 |   |   |   | - |   |   |   | 1,021,679 |   |   |   | n/a |   |   |   | 12,293,755 |   |   |   | - |   |   |   | 12,293,755 |   |   |   | - |   |
| Members' capital at December 31, 2010         |   | $                                               | 63,839,812  |   |   |   | 50,277.92 |   |   | $ | 10,310 |   |   |   | 8.12 |   |   | $ | 8,236,721 |   |   |   | n/a |   |   | $ | 72,086,843 |   |   |   | 50,286.04 |   |   | $ | 72,086,843 |   |   |   | 50,286.04 |   |
|                                          |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2010   |   | $                                               | 1,136.609   |   |   |   |   |   |   | $ | 1,136.609 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit            |   |                                            | 133.130     |   |   |   |   |   |   |   | 133.130 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2010 |   |                                            | 1,269.739   |   |   |   |   |   |   |   | 1,269.739 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | Effect of Change                                |        |
|                                          |   | AlphaMetrix Managed Futures LLC (Aspect Series) |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | AlphaMetrix Managed |   |
|                                          |   | Members                                         |        |   | Sponsor |   |   | Noncontrolling interest |   |   | Total |   |   | Futures LLC Total |   |
|                                          |   | Amount                                          |        |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |   | Amount |   |   | Units |   |
| Members capital at January 1, 2010            |   | $                                               | -           |   |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | (1,896,908 | ) |   |   | n/a |   |   | $ | (1,896,908 | ) |   |   | - |   |   | $ | (1,896,908 | ) |   |   | - |   |
| Members' subscriptions                        |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Members' redemptions                          |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | n/a |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Noncontrolling interest                       |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,327,752 | ) |   |   | n/a |   |   |   | (5,327,752 | ) |   |   | - |   |   |   | (5,327,752 | ) |   |   | - |   |
| Net investment income/(loss)                  |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,618 |   |   |   | n/a |   |   |   | 9,618 |   |   |   | - |   |   |   | 9,618 |   |   |   | - |   |
| Net realized and unrealized gain/(loss)       |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   | - |   |
| allocated from AlphaMetrix                    |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   | - |   |
| Aspect Fund - MT0001                          |   |                                            | -           |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,021,679 | ) |   |   | n/a |   |   |   | (1,021,679 | ) |   |   | - |   |   |   | (1,021,679 | ) |   |   | - |   |
| Members' capital at December 31, 2010         |   | $                                               | -           |   |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | (8,236,721 | ) |   |   | n/a |   |   | $ | (8,236,721 | ) |   |   | - |   |   | $ | (8,236,721 | ) |   |   | - |   |
|                                          |   |                                            |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at January 1, 2010   |   | $                                               | -           |   |   |   |   |   |   | $ | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in net asset value per unit            |   |                                            | -           |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net asset value per unit at December 31, 2010 |   |                                            | -           |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| (2) | Summary of Significant Accounting Policies |
|-----|--------------------------------------------|

----

----

----

|                                                                                                                |   | Net Asset Value    |       |   |                |   |       | Net Asset Value per Unit |   |
|---------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|---------------------|--------|------------|--------------------------|--------|
|                                                                                                                |   | All Other Purposes |       |   | Financial Reporting |   |       | Number of Units          |   |   | All Other Purposes |   |   | Financial Reporting |   |
| Price at Commencement*                                                                                              |   |               |       |   |                |   |       |                     |   | 1,000.000 |   |   |   | 1,000.000 |   |
| March 31, 2007                                                                                                      |   |               | 7,805,411  |   |                |   | 7,479,686  |                     |   |   | 7,760.62 |   |   |   | 1,005.772 |   |   |   | 963.801 |   |
| June 30, 2007                                                                                                       |   |               | 13,409,546 |   |                |   | 13,100,248 |                     |   |   | 11,988.08 |   |   |   | 1,118.573 |   |   |   | 1,092.773 |   |
| September 30, 2007                                                                                                  |   |               | 18,932,687 |   |                |   | 18,639,817 |                     |   |   | 18,241.85 |   |   |   | 1,037.871 |   |   |   | 1,021.816 |   |
| December 31, 2007                                                                                                   |   |               | 16,034,264 |   |                |   | 15,757,821 |                     |   |   | 14,700.02 |   |   |   | 1,090.765 |   |   |   | 1,071.959 |   |
| March 31, 2008                                                                                                      |   |               | 20,507,363 |   |                |   | 20,247,348 |                     |   |   | 17,025.49 |   |   |   | 1,204.509 |   |   |   | 1,189.237 |   |
| June 30, 2008                                                                                                       |   |               | 50,168,558 |   |                |   | 49,924,971 |                     |   |   | 40,063.82 |   |   |   | 1,252.216 |   |   |   | 1,246.136 |   |
| September 30, 2008                                                                                                  |   |               | 59,013,279 |   |                |   | 58,786,119 |                     |   |   | 52,463.77 |   |   |   | 1,124.839 |   |   |   | 1,120.509 |   |
| December 31, 2008                                                                                                   |   |               | 71,216,262 |   |                |   | 71,005,529 |                     |   |   | 53,002.45 |   |   |   | 1,343.641 |   |   |   | 1,339.665 |   |
| March 31, 2009                                                                                                      |   |               | 66,062,490 |   |                |   | 65,868,185 |                     |   |   | 50,663.64 |   |   |   | 1,303.950 |   |   |   | 1,300.108 |   |
| June 30, 2009                                                                                                       |   |               | 48,597,098 |   |                |   | 48,419,221 |                     |   |   | 43,344.52 |   |   |   | 1,121.182 |   |   |   | 1,117.074 |   |
| September 30, 2009                                                                                                  |   |               | 65,446,804 |   |                |   | 65,285,354 |                     |   |   | 55,797.55 |   |   |   | 1,172.933 |   |   |   | 1,170.040 |   |
| December 31, 2009                                                                                                   |   |               | 59,653,082 |   |                |   | 59,508,061 |                     |   |   | 52,355.78 |   |   |   | 1,139.379 |   |   |   | 1,136.609 |   |
| March 31, 2010                                                                                                      |   |               | 61,712,630 |   |                |   | 61,584,036 |                     |   |   | 52,710.17 |   |   |   | 1,170.792 |   |   |   | 1,168.352 |   |
| June 30, 2010                                                                                                       |   |               | 58,685,934 |   |                |   | 58,573,769 |                     |   |   | 50,598.99 |   |   |   | 1,159.824 |   |   |   | 1,157.607 |   |
| September 30, 2010                                                                                                  |   |               | 62,864,771 |   |                |   | 62,769,032 |                     |   |   | 51,344.51 |   |   |   | 1,224.372 |   |   |   | 1,222.507 |   |
| December 31, 2010                                                                                                   |   |               | 63,929,433 |   |                |   | 63,850,122 |                     |   |   | 50,286.04 |   |   |   | 1,271.316 |   |   |   | 1,269.739 |   |
|                                                                                                                |   |               |       |   |                |   |       |                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Total return after performance fee, from the commencement of operations through the period ended December 31, 2010. |   |
|                                                                                                                |   |               |       |   |                |   |       |                     |   |   |   |   |   |   | 27.13 | % |   |   | 26.97 | % |
| * Commencement of operations of the Series was March 16, 2007.                                                      |   |               |       |   |                |   |       |                     |   |

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|                                                                     |   |              |     |   |              |   |
|--------------------------------------------------------------------------|--------|-------------------|----------|--------|-------------------|--------|
|                                                                     |   | Year Ended        |     |   | Year Ended        |   |
|                                                                     |   | December 31, 2010 |     |   | December 31, 2009 |   |
| Members’ capital per Unit at beginning of the year                 |   | $                 | 1,136.61 |   |              | $      | 1,339.67 |   |
|                                                                     |   |              |     |   |              |   |   |   |
| Per unit data (for a Unit outstanding throughout the year):              |   |              |     |   |              |   |   |   |
|    Net investment loss                                    |   |              | (82.76   | )      |              |   | (70.61 | ) |
|    Net realized and unrealized gain/(loss) on investments |   |              | 215.89   |   |              |   | (132.45 | ) |
| Total from investment operations                                         |   |              | 133.13   |   |              |   | (203.06 | ) |
|                                                                     |   |              |     |   |              |   |   |   |
| Members’ capital per Unit at end of the year                       |   | $                 | 1,269.74 |   |              | $      | 1,136.61 |   |
|                                                                     |   |              |     |   |              |   |   |   |
| Total return:                                                            |   |              |     |   |              |   |   |   |
|    Total return before performance fee                    |   |              | 13.32    | %      |              |   | (15.14 | )% |
|    Performance fee                                        |   |              | (1.61    | )%     |              |   | (0.02 | )% |
|    Total return after performance fee                     |   |              | 11.71    | %      |              |   | (15.16 | )% |
|                                                                     |   |              |     |   |              |   |   |   |
| Ratios to average Members’ capital                                 |   |              |     |   |              |   |   |   |
|    Net investment loss                                    |   |              | (6.98    | )%     |              |   | (5.80 | )% |
|                                                                     |   |              |     |   |              |   |   |   |
|    Expenses:                                              |   |              |     |   |              |   |   |   |
|       Expenses                             |   |              | 5.46     | %      |              |   | 5.80 | % |
|       Performance fee                      |   |              | 1.54     | %      |              |   | 0.02 | % |
|          Total expenses     |   |              | 7.00     | %      |              |   | 5.82 | % |

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