2.	Financial Highlights

Changes in the net asset value per Unit for the three and six months ended June 30, 2011 and 2010 were as follows:

For the Three For the Six

Months Ended June 30, Months Ended June 30,

	2011	2010	2011	2010
Per Unit operating performance:
Net asset value at the beginning of the period:	$ 9.99	$ 9.34	$ 10.59	$ 9.79

Interest Income	– (3)	– (3)	– (3)	– (3)
Expenses	(0.21)	(0.20)	(0.42)	(0.41)
Realized Gain (Loss) (1)	0.27	0.28	0.25	(0.31)
Unrealized Gain (Loss)	(0.17)	(0.22)	(0.54)	0.13
Net Loss	(0.11)	(0.14)	(0.71)	(0.59)

Net asset value, June 30:	$ 9.88	$ 9.20	$ 9.88	$ 9.20

Ratios to average net assets:
Net Investment Loss (2)	(8.3)%	(8.8)%	(8.3)%	(8.9)%
Expenses before Incentive Fees (2)	8.3%	8.9%	8.3%	9.0 %
Expenses after Incentive Fees (2)	8.3%	8.9%	8.3%	9.0 %
Net Loss (2)	(2.5)%	(5.9)%	(13.5)%	(13.7)%
Total return before incentive fees	(1.1)%	(1.5)%	(6.7)%	(6.0)%
Total return after incentive fees	(1.1)%	(1.5)%	(6.7)%	(6.0)%

(1) Realized Gain (Loss) is a balancing amount necessary to reconcile the change in net asset value per Unit

with the other per Unit information.

(2) Annualized (except for incentive fees, if applicable).

(3) Amounts less than $0.005 per Unit.