Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2024

Financial Highlights [Abstract]

Operating Performance Calculation Per Unit

The following is the per Unit operating performance calculation for the three months ended June 30, 2024 and 2023:

	Class 0			Class 2			Class 3-B
Per unit operating performance
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		$	–
Net asset value per Unit, March 31, 2024	$	244.32		$	172.09		$	–
Initial asset value per share, June 1, 2024		–			–			98.41
Net loss:
Net investment income		1.08			0.44			0.11
Net (loss) gain on investments		(3.52	)		(2.47	)		0.13
Net (loss) income		(2.44	)		(2.03	)		0.24
Net asset value per Unit, June 30, 2024	$	241.88		$	170.06		$	98.65

The following is the per Unit operating performance calculation for the six months ended June 30, 2024 and 2023:

	Class 0			Class 2			Class 3-B
Per unit operating performance
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		$	–
Net asset value per Unit, December 31, 2023	$	224.32		$	158.20		$	–
Initial asset value per share, June 1, 2024		–			–			98.41
Net income (loss):
Net investment income		1.01			0.19			0.11
Net gain (loss) on investments		16.55			11.67			0.13
Net income (loss)		17.56			11.86			0.24
Net asset value per Unit, June 30, 2024	$	241.88		$	170.06		$	98.65

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, 2024 and 2023:

	Class 0						Class 2						Class 3-B*
	2024			2023			2024			2023			2024			2023
Total return before Incentive Allocation		(1.00	)%		2.16	%		(1.18	)%		1.97	%		0.25	%		–
Incentive Allocation		0.00			0.00			0.00			0.00			0.00			–
Total return after Incentive Allocation		(1.00	)%		2.16	%		(1.18	)%		1.97	%		0.25	%		–
Net investment income (loss) before Incentive Allocation		0.44	%		0.06	%		0.26	%		(0.13	)%		0.11	%		–
Incentive Allocation		0.00			0.00			0.00			0.00			0.00			–
Net investment income (loss) after Incentive Allocation		0.44	%		0.06	%		0.26	%		(0.13	)%		0.11	%		–
Total expenses before Incentive Allocation		0.75	%		0.81	%		0.94	%		0.98	%		0.28	%		–
Incentive Allocation		0.00			0.00			0.00			0.00			0.00			–
Total expenses after Incentive Allocation		0.75	%		0.81	%		0.94	%		0.98	%		0.28	%		–

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

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

	Class 0						Class 2						Class 3-B*
	2024			2023			2024			2023			2024			2023
Total return before Incentive Allocation		8.38	%		(0.29	)%		7.97	%		(0.66	)%		0.25	%		–
Incentive Allocation		(0.55	)		0.00			(0.47	)		0.00			0.00			–
Total return after Incentive Allocation		7.83	%		(0.29	)%		7.50	%		(0.66	)%		0.25	%		–
Net investment income (loss) before Incentive Allocation		0.93	%		0.14	%		0.56	%		(0.23	)%		0.11	%		–
Incentive Allocation		(0.51	)		0.00			(0.45	)		0.00			0.00			–
Net investment income (loss) after Incentive Allocation		0.42	%		0.14	%		0.11	%		(0.23	)%		0.11	%		–
Total expenses before Incentive Allocation		1.47	%		1.38	%		1.86	%		1.73	%		0.28	%		–
Incentive Allocation		0.51			(0.00	)		0.45			0.00			0.00			–
Total expenses after Incentive Allocation		1.98	%		1.38	%		2.31	%		1.73	%		0.28	%		–

* For the period from June 1, 2024 through June 30, 2024