Financial Highlights (Tables)

12 Months Ended

Dec. 31, 2019

Operating Performance Calculation Per Unit

The following is the per Unit operating performance calculation for the years ended December 31, 2019 and 2018:

	Class 0			Class 2
Per unit operating performance
Net asset value per Unit, December 31, 2017	$	140.90		$	101.94
Net loss:
Net investment loss		(1.57	)		(1.90	)
Net loss on investments		(5.63	)		(4.03	)
Net loss		(7.20	)		(5.93	)
Net asset value per Unit, December 31, 2018		133.70			96.01
Net income:
Net investment loss		(1.19	)		(1.63	)
Net gain on investments		19.53			13.97
Net income		18.34			12.34
Net asset value per Unit, December 31, 2019	$	152.04		$	108.35

Ratios to Average Members' Capital, Excluding the Managing Member, and Total Return

The following represents ratios to average Members’ Capital, excluding the Managing Member, and total return for the years ended December 31, 2019 and 2018:

	Class 0						Class 2
	2019			2018			2019			2018

Total return before Incentive Allocation		13.72	%		(5.11	)%		12.86	%		(5.82	)%
Incentive Allocation		0.00			0.00			0.00			0.00
Total return after Incentive Allocation		13.72	%		(5.11	)%		12.86	%		(5.82	)%

Net investment loss before Incentive Allocation		(0.83	)%		(1.11	)%		(1.59	)%		(1.86	)%
Incentive Allocation		0.00			0.00			0.00			0.00
Net investment loss after Incentive Allocation		(0.83	)%		(1.11	)%		(1.59	)%		(1.86	)%

Total expenses before Incentive Allocation		2.83	%		2.70	%		3.58	%		3.44	%
Incentive Allocation		0.00			0.00			0.00			0.00
Total expenses after Incentive Allocation		2.83	%		2.70	%		3.58	%		3.44	%