Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2023

Financial Highlights [Abstract]

Operating Performance Calculation Per Unit

The following is the per Unit operating performance calculation for the three months ended June 30, 2023 and 2022:

	Class 0			Class 2
Per unit operating performance
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
Net asset value per Unit, March 31, 2023	$	219.21		$	155.12
Net income:
Net investment income (loss)		0.12			(0.21	)
Net gain on investments		4.61			3.26
Net income		4.73			3.05
Net asset value per Unit, June 30, 2023	$	223.94		$	158.17

The following is the per Unit operating performance calculation for the six months ended June 30, 2023 and 2022:

	Class 0			Class 2
Per unit operating performance
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
Net asset value per Unit, December 31, 2022	$	224.59		$	159.22
Net loss:
Net investment income (loss)		0.32			(0.37	)
Net loss on investments		(0.97	)		(0.68	)
Net loss		(0.65	)		(1.05	)
Net asset value per Unit, June 30, 2023	$	223.94		$	158.17

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, 2023 and 2022:

	Class 0						Class 2
	2023			2022			2023			2022
Total return before Incentive Allocation		2.16	%		10.86	%		1.97	%		10.51	%
Incentive Allocation		0.00			(2.30	)		0.00			(2.10	)
Total return after Incentive Allocation		2.16	%		8.56	%		1.97	%		8.41	%
Net investment income (loss) before Incentive Allocation		0.06	%		(0.61	)%		(0.13	)%		(0.79	)%
Incentive Allocation		0.00			(2.09	)		0.00			(2.01	)
Net investment income (loss) after Incentive Allocation		0.06	%		(2.70	)%		(0.13	)%		(2.80	)%
Total expenses before Incentive Allocation		0.81	%		0.74	%		0.98	%		0.92	%
Incentive Allocation		0.00			2.09			0.00			2.01
Total expenses after Incentive Allocation		0.81	%		2.83	%		0.98	%		2.93	%

The following represents ratios to average Members’ Capital and total return for the six months ended June 30, 2023 and 2022:

	Class 0						Class 2
	2023			2022			2023			2022
Total return before Incentive Allocation		(0.29	)%		28.92	%		(0.66	)%		28.10	%
Incentive Allocation		0.00			(5.27	)		0.00			(4.73	)
Total return after Incentive Allocation		(0.29	)%		23.65	%		(0.66	)%		23.37	%
Net investment income (loss) before Incentive Allocation		0.14	%		(1.24	)%		(0.23	)%		(1.61	)%
Incentive Allocation		0.00			(4.39	)		0.00			(4.18	)
Net investment income (loss) after Incentive Allocation		0.14	%		(5.63	)%		(0.23	)%		(5.79	)%
Total expenses before Incentive Allocation		1.38	%		1.41	%		1.73	%		1.78	%
Incentive Allocation		(0.00	)		4.39			0.00			4.18
Total expenses after Incentive Allocation		1.38	%		5.80	%		1.73	%		5.96	%