Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2022

Financial Highlights [Abstract]

Operating Performance Calculation Per Unit

The following is the per Unit operating performance calculation for the three months ended June 30, 2022 and 2021:

	Class 0			Class 2
Per unit operating performance
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
Net asset value per Unit, March 31, 2022	$	200.75		$	143.02
Net income:
Net investment loss		(5.67	)		(4.19	)
Net gain on investments		22.88			16.22
Net income		17.21			12.03
Net asset value per Unit, June 30, 2022	$	217.96		$	155.05

The following is the per Unit operating performance calculation for the six months ended June 30, 2022 and 2021:

	Class 0			Class 2
Per unit operating performance
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
Net asset value per Unit, December 31, 2021	$	176.27		$	125.68
Net income:
Net investment loss		(11.22	)		(8.23	)
Net gain on investments		52.91			37.60
Net income		41.69			29.37
Net asset value per Unit, June 30, 2022	$	217.96		$	155.05

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, 2022 and 2021:

	Class 0						Class 2
	2022			2021			2022			2021
Total return before Incentive Allocation		10.86	%		1.37	%		10.51	%		1.20	%
Incentive Allocation		(2.30	)		(0.27	)		(2.10	)		(0.25	)
Total return after Incentive Allocation		8.56	%		1.10	%		8.41	%		0.95	%
Net investment loss before Incentive Allocation		(0.61	)%		(0.70	)%		(0.79	)%		(0.89	)%
Incentive Allocation		(2.09	)		(0.27	)		(2.01	)		(0.25	)
Net investment loss after Incentive Allocation		(2.70	)%		(0.97	)%		(2.80	)%		(1.14	)%
Total expenses before Incentive Allocation		0.74	%		0.71	%		0.92	%		0.91	%
Incentive Allocation		2.09			0.27			2.01			0.25
Total expenses after Incentive Allocation		2.83	%		0.98	%		2.93	%		1.16	%

The following represents ratios to average Members’ Capital and total return for the six months ended June 30, 2022 and 2021:

	Class 0						Class 2
	2022			2021			2022			2021
Total return before Incentive Allocation		28.92	%		7.51	%		28.10	%		7.19	%
Incentive Allocation		(5.27	)		(1.51	)		(4.73	)		(1.52	)
Total return after Incentive Allocation		23.65	%		6.00	%		23.37	%		5.67	%
Net investment loss before Incentive Allocation		(1.24	)%		(1.26	)%		(1.61	)%		(1.65	)%
Incentive Allocation		(4.39	)		(1.45	)		(4.18	)		(1.41	)
Net investment loss after Incentive Allocation		(5.63	)%		(2.71	)%		(5.79	)%		(3.06	)%
Total expenses before Incentive Allocation		1.41	%		1.32	%		1.78	%		1.70	%
Incentive Allocation		4.39			1.45			4.18			1.41
Total expenses after Incentive Allocation		5.80	%		2.77	%		5.96	%		3.11	%