Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2021

Financial Highlights [Abstract]

Operating Performance Calculation Per Unit

The following is the per Unit operating performance calculation for the three months ended June 30, 2021 and 2020:

	Class 0			Class 2
Per unit operating performance
Net asset value per Unit, March 31, 2020	$	159.32		$	113.79
Net income (loss):
Net investment loss		(0.54	)		(0.56	)
Net gain on investments		0.76			0.55
Net income (loss)		0.22			(0.01	)
Net asset value per Unit, June 30, 2020	$	159.54		$	113.78
Net asset value per Unit, March 31, 2021	$	181.44		$	130.05
Net income:
Net investment loss		(1.79	)		(1.51	)
Net gain on investments		3.79			2.74
Net income		2.00			1.23
Net asset value per Unit, June 30, 2021	$	183.44		$	131.28

The following is the per Unit operating performance calculation for the six months ended June 30, 2021 and 2020:

	Class 0			Class 2
Per unit operating performance
Net asset value per Unit, December 31, 2019	$	152.04		$	108.35
Net income:
Net investment loss		(1.58	)		(1.03	)
Net gain on investments		9.08			6.46
Net income		7.50			5.43
Net asset value per Unit, June 30, 2020	$	159.54		$	113.78
Net asset value per Unit, December 31, 2020	$	173.06		$	124.23
Net income:
Net investment loss		(4.87	)		(3.93	)
Net gain on investments		15.25			10.98
Net income		10.38			7.05
Net asset value per Unit, June 30, 2021	$	183.44		$	131.28

Ratios to Average Members' Capital and Total Return

The following represents ratios to average Members’ Capital and total return for the three months ended June 30, 2021 and 2020:

	Class 0						Class 2
	2021			2020			2021			2020
Total return before Incentive Allocation		1.37	%		0.18	%		1.20	%		(0.01	)%
Incentive Allocation		(0.27	)		(0.04	)		(0.25	)		0.00
Total return after Incentive Allocation		1.10	%		0.14	%		0.95	%		(0.01	)%
Net investment loss before Incentive Allocation		(0.70	)%		(0.30	)%		(0.89	)%		(0.49	)%
Incentive Allocation		(0.27	)		(0.04	)		(0.25	)		0.00
Net investment loss after Incentive Allocation		(0.97	)%		(0.34	)%		(1.14	)%		(0.49	)%
Total expenses before Incentive Allocation		0.71	%		0.64	%		0.91	%		0.82	%
Incentive Allocation		0.27			0.04			0.25			0.00
Total expenses after Incentive Allocation		0.98	%		0.68	%		1.16	%		0.82	%

The following represents ratios to average Members’ Capital and total return for the six months ended June 30, 2021 and 2020:

	Class 0						Class 2
	2021			2020			2021			2020
Total return before Incentive Allocation		7.51	%		5.40	%		7.19	%		5.01	%
Incentive Allocation		(1.51	)		(0.47	)		(1.52	)		0.00
Total return after Incentive Allocation		6.00	%		4.93	%		5.67	%		5.01	%
Net investment loss before Incentive Allocation		(1.26	)%		(0.55	)%		(1.65	)%		(0.93	)%
Incentive Allocation		(1.45	)		(0.47	)		(1.41	)		0.00
Net investment loss after Incentive Allocation		(2.71	)%		(1.02	)%		(3.06	)%		(0.93	)%
Total expenses before Incentive Allocation		1.32	%		1.28	%		1.70	%		1.66	%
Incentive Allocation		1.45			0.47			1.41			0.00
Total expenses after Incentive Allocation		2.77	%		1.75	%		3.11	%		1.66	%