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Financial Highlights
12 Months Ended
Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Financial Highlights

6.

Financial Highlights:

Changes in the net asset value per Unit for the years ended December 31, 2017, 2016 and 2015 were as follows:

 

 

 

2017

 

 

2017

 

 

 

2016

 

 

2016

 

 

 

2015

 

 

2015

 

 

 

 

Class A

 

 

Class D

 

 

 

Class A

 

 

Class D

 

 

 

Class A

 

 

Class D

 

 

Net realized and unrealized gains

   (losses)

 

$

106.31

 

 

$

112.95

 

 

 

$

123.94

 

 

$

130.97

 

 

 

$

96.20

 

 

$

100.13

 

 

Interest Income

 

 

5.76

 

 

 

6.13

 

 

 

 

2.52

 

 

 

2.68

 

 

 

 

0.34

 

 

 

0.36

 

 

Expenses and allocation to Special

   Limited Partner

 

 

(93.86

)

 

 

(86.97

)

 

 

 

(74.76

)

 

 

(66.46

)

 

 

 

(71.72

)

 

 

(59.36

)

 

Increase (decrease) for the period

 

 

18.21

 

 

 

32.11

 

 

 

 

51.70

 

 

 

67.19

 

 

 

 

24.82

 

 

 

41.13

 

 

Net asset value per unit, beginning

   of period

 

 

1,234.93

 

 

 

1,309.33

 

 

 

 

1,183.23

 

 

 

1,242.14

 

 

 

 

1,158.41

 

 

 

1,201.01

 

 

Net asset value per unit, end of

   period

 

$

1,253.14

 

 

$

1,341.44

 

 

 

$

1,234.93

 

 

$

1,309.33

 

 

 

$

1,183.23

 

 

$

1,242.14

 

 

 

Certain prior period amounts have been reclassified to conform to current period presentation. In the financial highlights, the ongoing selling agent fees and clearing fees which were previously included in net realized and unrealized gains (losses) per unit and excluded from expenses per unit are now excluded from net realized and unrealized gains (losses) per unit and included in expenses per unit. This information was previously included as a footnote to the financial highlights table.

 

 

 

2017

 

 

2017

 

 

2016

 

 

2016

 

 

2015

 

 

2015

 

 

 

 

Class A

 

 

Class D

 

 

Class A

 

 

Class D

 

 

Class A

 

 

Class D

 

 

Ratios to Average Net Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss) **

 

 

(6.4

)%

 

 

(6.6

)%

 

 

(6.1

)%

 

 

(4.7

)%

 

 

(6.1

)%

 

 

(5.4

)%

 

Allocation to Special Limited

   Partner

 

 

(0.7

)%

 

 

(1.6

)%

 

 

—

%

 

 

(0.3

)%

 

 

—

%

 

 

—

%

 

Net investment income (loss) after

   allocation to Special Limited

   Partner**

 

 

(7.1

)%

 

 

(8.2

)%

 

 

(6.1

)%

 

 

(5.0

)%

 

 

(6.1

)%

 

 

(5.4

)%

 

Operating expenses

 

 

6.8

%

 

 

7.2

%

 

 

6.3

%

 

 

4.9

%

 

 

6.1

%

 

 

5.4

%

 

Allocation to Special Limited

   Partner

 

 

0.7

%

 

 

1.6

%

 

 

—

%

 

 

0.3

%

 

 

—

%

 

 

—

%

 

Total expenses

 

 

7.5

%

 

 

8.8

%

 

 

6.3

%

 

 

5.2

%

 

 

6.1

%

 

 

5.4

%

 

Total return :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total return before allocation to

   Special Limited Partner

 

 

2.3

%

 

 

4.1

%

 

 

4.4

%

 

 

5.6

%

 

 

2.1

%

 

 

3.4

%

 

Allocation to Special Limited

   Partner

 

 

(0.8

)%

 

 

(1.6

)%

 

 

—

%

 

 

(0.2

)%

 

 

—

%

 

 

—

%

 

Total return after allocation to

   Special Limited Partner

 

 

1.5

%

 

 

2.5

%

 

 

4.4

%

 

 

5.4

%

 

 

2.1

%

 

 

3.4

%

 

 

 

**

Interest income less total expenses (exclusive of allocation to Special Limited Partner, if applicable).

The above ratios may vary for individual investors based on the timing of capital transactions during the year. Additionally, these ratios are calculated for the Limited Partner Classes using the Limited Partners’ share of income, expenses and average net assets.