LTrade Plus seeks long term capital appreciation by securing life settlement assets, providing liquidity and maximizing investment return. The Fund invests in a portfolio of diversified United States life settlement policies selected for their high quality returns.

Main Investment Strategy

The Fund pursues its primary goal by investing in a laddered maturity portfolio of life insurance policies purchased on the secondary life market and issued by United States life insurance carriers. The Lifetrade Management Company N.V. actively manages the Fund’s portfolio. Investment decisions are based upon life expectancy outlooks, policy availability relative to market discounts and analysis of specific policy characteristics. The Fund is an exclusive investor in the Lifetrade Fund which invests only in United States life insurance carriers with a carrier rating of BBB+ or higher. The Fund’s portfolio is “laddered” by investing in obligations of different maturities so that some obligations mature during each of the coming years.

The Lifetrade Fund

Last Trade:	158.49	Trade Date:	8/31/2007	Fund Type:	Open Ended
Change:	$1.20	Inception Date:	07/1/2003	ISIN:	N52615106
Percentage:	0.9%	Net Assets:	578.05m	CUSIP:	ANN526151066
		Benchmark:	Lehman U.S. Bond Index	Bloomberg:	LIFETRD NT

Past performance is not necessarily an indication of how the Fund will perform in the future. Returns shown for The Lifetrade Fund are net of fees. Investment return and principle value will fluctuate; current performance may be lower or higher than quoted.

Month End 8/31/2007

A Shares Annualized Returns Net of Fees

Carefully consider the Fund’s investment objectives, risks, fees and expenses. For more information on the Fund please read the prospectus, available through your financial advisor or from our download library.

The chart assumes an initial gross investment of $10,000 made on August 1st, 2003 (inception). Returns are net of fees.

Carefully consider the Fund’s investment objectives, risks, fees and expenses. For more information on the Fund please read the prospectus, available through your financial advisor or from our download library.

**The Lehman Brothers Government/Credit Index is an unmanaged index composed of debt securities issued or guaranteed by the U.S. Treasury, U.S. Government agencies and quasi-federal corporations and fixed dollar denominated SEC-registered corporate debt that are rated investment grade or higher by Moody’s Investor Service, Standard & Poor’s Corporation, or Fitch Investor’s Service, in that order.

The Fund was registered on November 20th 2003 as an Exempt Company, limited by shares in Curaçao, Nederland Antilles.

Quotes are updated monthly. Quotes are delayed. All data provided by Lifetrade Management is based upon data prepared by Genesys Research, Inc. By accessing the Lifetrade Management Website, you agree not to redistribute the information found therein.

Standard & Poor’s™

Overall Standard & Poor’s Rating™ has issued an Af Credit Quality Rating. The credit quality rating reflects the credit quality of the underlying assets, life settlement policies and indicates the Funds strong protection from losses due to credit defaults.

Top 10 Holdings

Policy Ratings Diversification

Rating	Share (%)
AAA	11.2%
AA+	20.9%
AA	50.8%
AA-	8.9%
A+	2.7%
A	3.4%
A-	1.8%
BBB+	0.3%

Fund Life Expectancy

LE	Share (%)
100+	5.1%
81-100	24.1%
66-80	21.5%
51-65	21.4%
36-50	11.5%
20-35	5.5%
Under 20	10.9%

Past performance is not necessarily an indication of how the Fund will perform in the future. Returns shown for The Lifetrade Fund are net of fees. Investment return and principle value will fluctuate; current performance may be lower or higher than quoted.

Carefully consider the Fund’s investment objectives, risks, fees and expenses. For more information on the Fund please read the prospectus, available through your financial advisor or from our download library.