XML 28 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Financial Highlights (Tables)
 9 Months Ended
Sep. 30, 2024
Financial Highlights [Abstract]  
Unit Operating Performance
The following is the per Unit operating performance calculation for the three months ended September 30, 2024 and 2023:
 
   
Class 0
    
Class 2
    
Class 3-A
    
Class 3-B
  
Per unit operating performance
                        
Net asset value per Unit, June 30, 2023
  
$
223.94
    
$
158.17
    
$
–
    
$
–
  
Net income:
                                
Net investment loss
    
(1.77
)
    
(1.14
)
    
–
      
–
  
Net gain on investments
    
17.37
      
12.22
      
–
      
–
  
Net income
    
15.60
      
11.08
      
–
      
–
  
Net asset value per Unit, September 30, 2023
  
$
239.54
    
$
169.25
    
$
–
    
$
–
  
                                 
Net asset value per Unit, June 30, 2024
  
$
241.88
    
$
170.06
    
$
100.23
    
$
98.65
  
Net loss:
                                
Net investment income
    
0.91
      
0.33
      
0.62
      
0.47
  
Net loss on investments
    
(12.17
)
    
(8.55
)
    
(5.17
)
    
(5.06
)
Net loss
    
(11.26
)
    
(8.22
)
    
(4.55
)
    
(4.59
)
Net asset value per Unit, September 30, 2024
  
$
230.62
    
$
161.84
    
$
95.68
    
$
94.06
  

The following is the per Unit operating performance calculation for the nine months ended September 30, 2024 and 2023:
 
   
Class 0
    
Class 2
    
Class 3-A
    
Class 3-B
  
Per unit operating performance
                        
Net asset value per Unit, December 31, 2022
  
$
224.59
    
$
159.22
    
$
–
    
$
–
  
Net income:
                                
Net investment loss
    
(1.49
)
    
(1.49
)
    
–
      
–
  
Net gain on investments
    
16.44
      
11.52
      
–
      
–
  
Net income
    
14.95
      
10.03
      
–
      
–
  
Net asset value per Unit, September 30, 2023
  
$
239.54
    
$
169.25
    
$
–
    
$
–
  
                                 
Net asset value per Unit, December 31, 2023
  
$
224.32
    
$
158.20
    
$
–
    
$
–
  
Initial asset value per share, May 1, 2024
    
–
      
–
      
–
      
100.00
  
Initial asset value per share, June 1, 2024
    
–
      
–
      
100.00
      
–
  
Net income (loss):
                                
Net investment income
    
1.89
      
0.50
      
0.65
      
0.62
  
Net gain (loss) on investments
    
4.41
      
3.14
      
(4.97
)
    
(6.56
)
Net income (loss)
    
6.30
      
3.64
      
(4.32
)
    
(5.94
)
Net asset value per Unit, September 30, 2024
  
$
230.62
    
$
161.84
    
$
95.68
    
$
94.06
  
Ratios to Average Members' Capital and Total Return
The following represents ratios to average Members’ Capital and total return for the three months ended September 30, 2024 and 2023:
 
   
Class 0
  
Class 2
  
Class 3-A
  
Class 3-B
  
   
2024
  
2023
  
2024
  
2023
  
2024
  
2023
  
2024
  
2023
  
                                               
Total return before Incentive Allocation
    
(4.66
)%
    
8.14
%
    
(4.83
)%
    
7.94
%
    
(4.54
)%
   –

   
(4.65
)%
   –  
Incentive Allocation
    
(0.00
 )
   
(1.17
)
    
(0.00
 )
   
(0.93
)
    
(0.00
 )
  –

   
(0.00
 )
  –  
Total return after Incentive Allocation
    
(4.66
)%
    
6.97
%
    
(4.83
)%
    
7.01
%
    
(4.54
)%
   –

   
(4.65
)%
   –  
                                                             
Net investment income before Incentive Allocation
    
0.39
%
    
0.37
%
    
0.20
%
    
0.18
%
    
0.64
%
   –

   
0.49
%
   –  
Incentive Allocation
    
(0.00
 )
   
(1.14
)
    
(0.00
 )
   
(0.88
)
    
(0.00
 )
  –

   
(0.00
 )
  –  
Net investment income (loss) after Incentive Allocation
    
0.39
%
    
(0.77
)%
    
0.20
%
    
(0.70
)%
    
0.64
%
   –

   
0.49
%
   –  
                                                             
Total expenses before Incentive Allocation
    
0.65
%
    
0.73
%
    
0.84
%
    
0.92
%
    
0.67
%
   –

   
0.82
%
   –  
Incentive Allocation
    
0.00
      
1.14
      
0.00
      
0.88
      
0.00
     –

   
0.00
     –  
Total expenses after Incentive Allocation
    
0.65
%
    
1.87
%
    
0.84
%
    
1.80
%
    
0.67
%
   –

   
0.82
%
   –  

The following represents ratios to average Members’ Capital and total return for the nine months ended September 30, 2024 and 2023:

   
Class 0
  
Class 2
  
Class 3-A*
  
Class 3-B**
  
   
2024
  
2023
  
2024
  
2023
  
2024
  
2023
  
2024
  
2023
  
                                               
Total return before Incentive Allocation
    
3.36
%
    
7.83
%
    
2.77
%
    
7.23
%
    
(4.26
)%
   –

   
(5.94
)%
   –  
Incentive Allocation
    
(0.55
)
    
(1.17
)
    
(0.47
)
    
(0.93
)
    
(0.06
)
   –

   
(0.00
 )
  –  
Total return after Incentive Allocation
    
2.81
%
    
6.66
%
    
2.30
%
    
6.30
%
    
(4.32
)%
   –

   
(5.94
)%
   –  
                                                             
Net investment income (loss) before Incentive Allocation
    
1.32
%
    
0.52
%
    
0.76
%
    
(0.06
)%
    
0.68
%
   –

   
0.65
%
   –  
Incentive Allocation
    
(0.53
)
    
(1.18
)
    
(0.46
)
    
(0.88
)
    
(0.01
)
   –

   
(0.00
 )
  –  
Net investment income (loss) after Incentive Allocation
    
0.79
%
    
(0.66
)%
    
0.30
%
    
(0.94
)%
    
0.67
%
   –

   
0.65
%
   –  
                                                             
Total expenses before Incentive Allocation
    
2.13
%
    
2.09
%
    
2.65
%
    
2.66
%
    
0.72
%
   –

   
1.12
%
   –  
Incentive Allocation
    
0.53
      
1.18
      
0.46
      
0.88
      
0.01
     –

   
0.00
     –  
Total expenses after Incentive Allocation
    
2.66
%
    
3.27
%
    
3.11
%
    
3.54
%
    
0.73
%
   –

   
1.12
%
   –  

* For the period from June 1, 2024 through September 30, 2024.
** For the period from May 1, 2024 through September 30, 2024.