**                FINANCIAL      STATEMENTS**

**                YEARS      ENDED**

**                December      31, 2006      AND 2005**

----

|   |  By: /s/              Robert J Amedeo |
|--------|-------------------------------------------------|
|   |                                            |  Altegris              Portfolio Management, Inc.  Commodity                Pool Operator for Winton                Futures Fund, L.P. (US) By:  Robert                J. Amedeo, Vice President |
|   |                                            |

----

|   | TABLE                OF CONTENTS |
|--------|----------------------------------|

|                                                            | Page                                |
|-----------------------------------------------------------------|-------------------------------------|
|                                                            |                                |
| Independent                Auditors’ Report               | 3                                   |
|                                                            |                                |
| Statements                of Financial Condition                | 4                                   |
|                                                            |                                |
| Condensed                Schedules of Investments               | 5                -                6 |
|                                                            |                                |
| Statements                of Operations                         | 7                                   |
|                                                            |                                |
| Statements                of Changes in Partners’ Capital | 8                                   |
|                                                            |                                |
| Statements                of Cash Flows                         | 9                                   |
|                                                            |                                |
| Notes                to Financial Statements                    | 10                – 13        |
|                                                            |                                |
|                                                            |                                |
|                                                            |                                |
|                                                            |                                |

----

**INDEPENDENT      AUDITORS' REPORT**

----

**WINTON        FUTURES FUND, L.P. (US)**

**STATEMENTS        OF FINANCIAL CONDITION**

**DECEMBER        31, 2006 AND 2005**

| **ASSETS**                                                           |   | **2006** |           |   | **2005** |   |
|----------------------------------------------------------------------|--------|----------|----------------|--------|----------|--------|
|                                                                 |   |     |           |   |     |   |
| **CASH                  AND CASH EQUIVALENTS**                       |   | $        | 44,437,784     |   |     | $      | 16,653,156 |   |
|                                                                 |   |     |           |   |     |   |   |   |
| **EQUITY                  IN COMMODITY FUTURES**                     |   |     |           |   |     |   |   |   |
| **TRADING                  ACCOUNTS:**                               |   |     |           |   |     |   |   |   |
| Man                  Financial Inc.:                                 |   |     |           |   |     |   |   |   |
| Cash                                                                 |   |     | 20,786,496     |   |     |   | 7,705,384 |   |
| Unrealized                  gain on open commodity futures contracts |   |     | 2,094,290      |   |     |   | 698,276 |   |
|                                                                 |   |     |           |   |     |   |   |   |
| **OTHER                  ASSETS**                                    |   |     | 56,373         |   |     |   | 13,001 |   |
|                                                                 |   |     |           |   |     |   |   |   |
|                                                                 |   | **$**    | **67,374,943** |   |     | **$**  | **25,069,817** |   |
|                                                                 |   |     |           |   |     |   |   |   |
| **LIABILITIES                  AND PARTNERS’ CAPITAL**         |   |     |           |   |     |   |   |   |
|                                                                 |   |     |           |   |     |   |   |   |
| **LIABILITIES                  (Notes 1 and 3):**                    |   |     |           |   |     |   |   |   |
| Commissions                  payable                                 |   | $        | 35,826         |   |     | $      | 26,922 |   |
| Accrued                  management fees                             |   |     | 68,970         |   |     |   | 27,576 |   |
| Accrued                  service fees                                |   |     | 28,148         |   |     |   | 16,325 |   |
| Accrued                  incentive fees                              |   |     | 657,802        |   |     |   | 2,007 |   |
| Redemptions                  payable                                 |   |     | 1,469,975      |   |     |   | 242,911 |   |
| Subscriptions                  received in advance                   |   |     | 7,929,000      |   |     |   | 450,000 |   |
| Other                  Liabilities                                   |   |     | 24,127         |   |     |   | 18,069 |   |
|                                                                 |   |     |           |   |     |   |   |   |
| ***Total                  liabilities***                             |   |     | 10,213,848     |   |     |   | 783,810 |   |
|                                                                 |   |     |           |   |     |   |   |   |
| **COMMITMENTS                  AND CONTINGENCIES (Notes 3 and 4)**   |   |     |           |   |     |   |   |   |
|                                                                 |   |     |           |   |     |   |   |   |
| **PARTNERS’                  CAPITAL (Note 2)**                |   |     |           |   |     |   |   |   |
| General                  Partner                                     |   |     | 2,543          |   |     |   | 2,242 |   |
| Limited                  Partners                                    |   |     | 57,158,552     |   |     |   | 24,283,765 |   |
|                                                                 |   |     |           |   |     |   |   |   |
| ***Total                  partners’ capital***                 |   |     | 57,161,095     |   |     |   | 24,286,007 |   |
|                                                                 |   |     |           |   |     |   |   |   |
|                                                                 |   | **$**    | **67,374,943** |   |     | **$**  | **25,069,817** |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**CONDENSED        SCHEDULE OF INVESTMENTS**

**DECEMBER        31, 2006**

|                                                   | **Range                    of****Expiration****Dates** |   | **Number                    of****Contracts** |      |   | **Market****Value** |   |          | **%                    of****Partners****Capital** |   |
|--------------------------------------------------------|--------------------------------------------------------|--------|-----------------------------------------------|-----------|--------|---------------------|--------|---------------|----------------------------------------------------|--------|
| **INVESTMENTS                  AT DECEMBER 31, 2006:** |                                                   |   |                                          |      |   |                |   |          |                                               |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |
| **LONG                  FUTURES CONTRACTS:**           |                                                   |   |                                          |      |   |                |   |          |                                               |   |
| Agriculture                                            | Feb                  – Mar 07                    |   |                                          | 161       |   |                | $      | 48,855        |                                               |   |   | 0.09 |   |
| Currencies                                             | Mar                  07 – Jun 08                 |   |                                          | 1,209     |   |                |   | 126,408       |                                               |   |   | 0.22 |   |
| Stock                  Indices                         | Jan                  – Mar 07                    |   |                                          | 876       |   |                |   | 619,691       |                                               |   |   | 1.08 |   |
| Metals                                                 | Jan                  – Apr 07                    |   |                                          | 220       |   |                |   | 27,932        |                                               |   |   | 0.05 |   |
| Treasury                  Rate                         | Mar                  – Jun 07                    |   |                                          | 508       |   |                |   | (205,689      | )                                                  |   |   | (0.36 | ) |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
| ***Total                  long futures contracts***    |                                                   |   |                                          | 2,974     |   |                |   | 617,197       |                                               |   |   | 1.08 |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
| **SHORT                  FUTURES CONTRACTS:**          |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
| Agriculture                                            | Jan                  – May 07                    |   |                                          | 214       |   |                |   | (150,444      | )                                                  |   |   | (0.26 | ) |
| Currencies                                             | Mar                  – Sep 07                    |   |                                          | 519       |   |                |   | 759,649       |                                               |   |   | 1.33 |   |
| Energy                                                 | Jan                  – Mar 07                    |   |                                          | 196       |   |                |   | 676,833       |                                               |   |   | 1.18 |   |
| Stock                  Indices                         | Mar                  07                                |   |                                          | 161       |   |                |   | 36,847        |                                               |   |   | 0.06 |   |
| Interest                  Rates                        | Mar                  07 – Mar 08                 |   |                                          | 1,578     |   |                |   | 214,535       |                                               |   |   | 0.38 |   |
| Metals                                                 | Jan                  – Mar 07                    |   |                                          | 63        |   |                |   | (79,026       | )                                                  |   |   | (0.14 | ) |
| Treasury                  Rates                        | Mar                  – Jun 07                    |   |                                          | 396       |   |                |   | 18,699        |                                               |   |   | 0.03 |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
| ***Total                  short futures contracts***   |                                                   |   |                                          | 3,127     |   |                |   | 1,477,093     |                                               |   |   | 2.58 |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
| ***BALANCES,                  December 31, 2006***     |                                                   |   | ** **                                    | **6,101** |   |                | **$**  | **2,094,290** |                                               |   | ** ** | **3.66** |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |          |                                               |   |   |   |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**CONDENSED        SCHEDULE OF INVESTMENTS**

**DECEMBER        31, 2005**

|                                                   | **Range                    of****Expiration****Dates** |   | **Number                    of****Contracts** |      |   | **Market****Value** |   |        | **%                    of****Partners****Capital** |   |
|--------------------------------------------------------|--------------------------------------------------------|--------|-----------------------------------------------|-----------|--------|---------------------|--------|-------------|----------------------------------------------------|--------|
| **INVESTMENTS                  AT DECEMBER 31, 2005:** |                                                   |   |                                          |      |   |                |   |        |                                               |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |
| **LONG                  FUTURES CONTRACTS:**           |                                                   |   |                                          |      |   |                |   |        |                                               |   |
| Interest                  Rates                        | Mar                  – Jun 07                    |   |                                          | 1,455     |   |                | $      | 320,030     |                                               |   |   | 1.32 |   |
| Agriculture                                            | Jan                  – Apr 06                    |   |                                          | 117       |   |                |   | 37,726      |                                               |   |   | 0.16 |   |
| Currencies                                             | Jan                  – Jun 06                    |   |                                          | 566       |   |                |   | (131,694    | )                                             |   |   | (0.54 | ) |
| Metals                                                 | Jan                  – Apr 06                    |   |                                          | 279       |   |                |   | 988,008     |                                               |   |   | 4.07 |   |
| Stock                  Indices                         | Jan                  – Mar 06                    |   |                                          | 666       |   |                |   | (19,570     | )                                                  |   |   | (0.08 | ) |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
| ***Total                  long futures contracts***    |                                                   |   |                                          | 3,083     |   |                |   | 1,194,500   |                                               |   |   | 4.92 |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
| **SHORT                  FUTURES CONTRACTS:**          |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
| Interest                  Rates                        | Feb                  – Jun 07                    |   |                                          | 930       |   |                |   | 146,912     |                                               |   |   | 0.60 |   |
| Agriculture                                            | Feb                  – May 06                    |   |                                          | 257       |   |                |   | (120,204    | )                                                  |   |   | (0.49 | ) |
| Currencies                                             | Mar                  – Jun 06                    |   |                                          | 346       |   |                |   | (65,459     | )                                                  |   |   | (0.27 | ) |
| Metals                                                 | Jan                  – Mar 06                    |   |                                          | 96        |   |                |   | (380,071    | )                                                  |   |   | (1.56 | ) |
| Energy                                                 | Jan                  – Feb 06                    |   |                                          | 66        |   |                |   | (79,767     | )                                                  |   |   | (0.33 | ) |
| Stock                  Indices                         | Mar                  06                                |   |                                          | 141       |   |                |   | 2,365       |                                               |   |   | 0.01 |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
| ***Total                  short futures contracts***   |                                                   |   |                                          | 1,836     |   |                |   | (496,224    | )                                                  |   |   | (2.04 | ) |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
| ***BALANCES,                  December 31, 2005***     |                                                   |   | ** **                                    | **4,919** |   |                | **$**  | **698,276** |                                               |   | ** ** | **2.88** |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |
|                                                   |                                                   |   |                                          |      |   |                |   |        |                                               |   |   |   |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**STATEMENTS        OF OPERATIONS**

**YEARS        ENDED DECEMBER 31, 2006 AND 2005**

|                                                              |   | **2006** |          |   | **2005** |   |
|-------------------------------------------------------------------|--------|----------|---------------|--------|----------|--------|
|                                                              |   |     |          |   |     |   |
| **REVENUE**                                                       |   |     |          |   |     |   |
| Gains                  on trading of commodity futures contracts: |   |     |          |   |     |   |
| Realized                  gains on closed positions               |   | $        | 4,746,506     |   |     | $      | 304,100 |   |
| Change                  in unrealized gains on open positions     |   |     | 1,396,014     |   |     |   | 526,377 |   |
| Interest                  Income                                  |   |     | 1,783,498     |   |     |   | 425,802 |   |
|                                                              |   |     |          |   |     |   |   |   |
| ***Total                  income***                               |   |     | 7,926,018     |   |     |   | 1,256,279 |   |
|                                                              |   |     |          |   |     |   |   |   |
|                                                              |   |     |          |   |     |   |   |   |
| **EXPENSES                  (Notes 1 and 3):**                    |   |     |          |   |     |   |   |   |
| Brokerage                  commissions and fees                   |   |     | 676,866       |   |     |   | 590,607 |   |
| General                  Partner management fees                  |   |     | 582,575       |   |     |   | 175,442 |   |
| Service                  fees                                     |   |     | 245,933       |   |     |   | 201,508 |   |
| Incentive                  fees                                   |   |     | 925,800       |   |     |   | 231,189 |   |
| Professional                  Fees                                |   |     | 85,639        |   |     |   | 43,986 |   |
|                                                              |   |     |          |   |     |   |   |   |
| ***Total                  expenses***                             |   |     | 2,516,813     |   |     |   | 1,242,732 |   |
|                                                              |   |     |          |   |     |   |   |   |
| **NET                  INCOME**                                   |   | **$**    | **5,409,205** |   |     | **$**  | **13,547** |   |
|                                                              |   |     |          |   |     |   |   |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**STATEMENT        OF CHANGES IN PARTNERS’ CAPITAL**

**YEARS        ENDED DECEMBER 31, 2006 AND 2005**

|                                             |   |       |           |   | **Limited                    Partners** |       |           |                           |   |
|--------------------------------------------------|--------|------------|----------------|--------|-----------------------------------------|------------|----------------|--------------------------------|--------|
|                                             |   | **Total**  |           |   | **Class                    A**          |       |           | **Class                    B** |   |   | **Special                    Interests** |   |   | **General                    Partner** |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |
| **BALANCES,                  December 31, 2004** |   | $          | 7,666,212      |   |                                    | $          | 7,664,037      |                           |   | $ | - |   |   | $ | - |   |   | $ | 2,175 |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Transfer                                         |   |       | -              |   |                                    |       | (5,969,606     | )                              |   |   | 5,969,606 |   |   |   | - |   |   |   | - |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital                  additions               |   |       | 18,772,911     |   |                                    |       | 7,829,973      |                           |   |   | 4,322,352 |   |   |   | 6,620,586 |   |   |   | - |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital                  withdrawals             |   |       | (2,166,663     | )      |                                    |       | (441,662       | )                              |   |   | (1,725,001 | ) |   |   | - |   |   |   | - |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                      |   |       | 13,547         |   |                                    |       | 450,677        |                           |   |   | (390,825 | ) |   |   | (46,372 | ) |   |   | 67 |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| **BALANCES,                  December 31, 2005** |   | ** ** | **24,286,007** |   |                                    | ** ** | **9,533,419**  |                           |   | ** ** | **8,176,132** |   |   | ** ** | **6,574,214** |   |   | ** ** | **2,242** |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Transfer                                         |   |       | -              |   |                                    |       | -              |                           |   |   | - |   |   |   | - |   |   |   | - |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital                  additions, net          |   |       | 34,197,207     |   |                                    |       | 8,443,856      |                           |   |   | 24,465,116 |   |   |   | 1,288,235 |   |   |   | - |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital                  withdrawals             |   |       | (6,731,323     | )      |                                    |       | (2,831,788     | )                              |   |   | (3,899,535 | ) |   |   | - |   |   |   | - |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                      |   |       | 5,409,205      |   |                                    |       | 1,569,448      |                           |   |   | 2,786,282 |   |   |   | 1,053,174 |   |   |   | 301 |   |
|                                             |   |       |           |   |                                    |       |           |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| **BALANCES,                  December 31, 2006** |   | **$**      | **57,161,095** |   |                                    | **$**      | **16,714,934** |                           |   | **$** | **31,527,995** |   |   | **$** | **8,915,623** |   |   | **$** | **2,543** |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**STATEMENTS        OF CASH FLOWS**

**YEARS        ENDED DECEMBER 31, 2006 AND 2005**

|                                                                                                            |   | **Year                  Ended December 31,** |           |
|-----------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|----------------|
|                                                                                                            |   | **2006**                                     |           |   | **2005** |   |
| **CASH                  FLOWS FROM OPERATING ACTIVITIES**                                                       |   |                                         |           |   |   |   |
| Net                  income                                                                                     |   | $                                            | 5,409,205      |   |   | $ | 13,547 |   |
| Adjustments                  to reconcile net income to net cash used in operating                  activities: |   |                                         |           |   |   |   |   |   |
| Increase                  in commodity futures trading accounts:                                                |   |                                         |           |   |   |   |   |   |
| Cash                                                                                                            |   |                                         | (13,081,112    | ) |   |   | (4,373,640 | ) |
| Unrealized                  gains on open commodity futures contracts                                           |   |                                         | (1,396,014     | ) |   |   | (526,377 | ) |
| Increase                  in other assets                                                                       |   |                                         | (43,372        | ) |   |   | (9,798 | ) |
| Increase                  in accrued management and service fees                                                |   |                                         | 53,217         |   |   |   | 25,699 |   |
| Increase                  (decrease) in accrued incentive fees                                                  |   |                                         | 655,795        |   |   |   | (114,773 | ) |
| Increase                  in other liabilities                                                                  |   |                                         | 6,058          |   |   |   | 10,725 |   |
| Increase                  in commissions payable                                                                |   |                                         | 8,904          |   |   |   | 19,410 |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
| ***Net                  cash used in operating activities***                                                    |   |                                         | (8,387,319     | ) |   |   | (4,955,207 | ) |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES**                                                       |   |                                         |           |   |   |   |   |   |
| Capital                  withdrawals                                                                            |   |                                         | (5,504,260     | ) |   |   | (1,923,752 | ) |
| Capital                  contributions, net                                                                     |   |                                         | 41,676,207     |   |   |   | 18,342,911 |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
| ***Net                  cash provided by financing activities***                                                |   |                                         | 36,171,947     |   |   |   | 16,419,159 |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
| **NET                  INCREASE IN CASH AND CASH EQUIVALENTS**                                                  |   |                                         | 27,784,628     |   |   |   | 11,463,952 |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
| **CASH                  AND CASH EQUIVALENTS, at beginning of year**                                            |   |                                         | 16,653,156     |   |   |   | 5,189,204 |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |
| **CASH                  AND CASH EQUIVALENTS, at end of year**                                                  |   | **$**                                        | **44,437,784** |   |   | **$** | **16,653,156** |   |
|                                                                                                            |   |                                         |           |   |   |   |   |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**NOTES        TO FINANCIAL STATEMENTS**

***NOTE      1      -                                SIGNIFICANT      ACCOUNTING POLICIES***

*Valuation      of Investments*

*Allocation      of Income and Losses*

*Income      Taxes*

*Cash      and Cash Equivalents*

*Use      of Estimates*

***NOTE      2      -                                LIMITED      PARTNERSHIP AGREEMENT***

----

**WINTON        FUTURES FUND, L.P. (US)**

**NOTES        TO FINANCIAL STATEMENTS**

***NOTE      3      -                                AGREEMENTS      AND RELATED PARTIES***

*Advisory      Contract*

*Brokerage      Agreement*

*General      Partner Management Fee*

*Service      Fees*

----

**WINTON          FUTURES FUND, L.P. (US)**

**NOTES          TO FINANCIAL STATEMENTS**

***NOTE      4      -                                FINANCIAL      INSTRUMENTS, OFF-BALANCE SHEET RISKS AN***
***D      UNCERTAINTIES***

***NOTE      5      -                                FINANCIAL      HIGHLIGHTS***

|                                                       |   | **2006**                 |   |
|------------------------------------------------------------|--------|--------------------------|--------|
|                                                       |   | Class                  A |   |   | Class                  B |   |   | Special                  Interests |   |
| Selected                  financial statistics and ratios: |   |                     |   |   |   |   |   |   |   |
| Total                  Return (1)                          |   |                     | 13.31  | % |   |   | 14.53 | % |   |   | 14.37 | % |
|                                                       |   |                     |   |   |   |   |   |   |   |   |   |   |
| Ratio                  to average net assets:              |   |                     |   |   |   |   |   |   |   |   |   |   |
| Total                  income                              |   |                     | 18.06  | % |   |   | 17.26 | % |   |   | 17.37 | % |
| Total                  expenses                            |   |                     | 5.19   | % |   |   | 4.20 | % |   |   | 4.08 | % |
|                                                       |   |                     |   |   |   |   |   |   |   |   |   |   |

----

**WINTON        FUTURES FUND, L.P. (US)**

**NOTES        TO FINANCIAL STATEMENTS**

***NOTE      5      -                                FINANCIAL      HIGHLIGHTS (concluded)***

|                                                       |   | **2005**                 |   |
|------------------------------------------------------------|--------|--------------------------|--------|
|                                                       |   | Class                  A |   |   | Class                  B |   |   | Special                  Interests |   |
| Selected                  financial statistics and ratios: |   |                     |   |   |   |   |   |   |   |
| Total                  Return (1)                          |   |                     | 3.06   | % |   |   | (3.36 | )% |   |   | (0.59 | )% |
|                                                       |   |                     |   |   |   |   |   |   |   |   |   |   |
| Ratio                  to average net assets:              |   |                     |   |   |   |   |   |   |   |   |   |   |
| Total                  income                              |   |                     | 6.18   | % |   |   | 7.08 | % |   |   | 2.70 | % |
| Total                  expenses                            |   |                     | 5.66   | % |   |   | 6.96 | % |   |   | 3.43 | % |
|                                                       |   |                     |   |   |   |   |   |   |   |   |   |   |