Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2025

The following is the per Unit operating performance calculation for the three months ended March 31, 2025 and 2024:

		Class 0			Class 2			Class 3-A			Class 3-B
Per unit operating performance
Net asset value per Unit, December 31, 2023	$	224.32		$	158.20		$	‑		$	‑
Net income:
Net investment loss		(0.05	)		(0.25	)		‑			‑
Net gain on investments		20.05			14.14			‑			‑
Net income		20.00			13.89			‑			‑
Net asset value per Unit, March 31, 2024	$	244.32		$	172.09		$	‑		$	‑

Net asset value per Unit, December 31, 2024	$	235.13		$	164.69		$	‑		$	95.51
Initial subscription, January 1, 2025		‑			‑			97.68			‑
Net income:
Net investment income (loss)		0.61			0.12			(0.02	)		(0.30	)
Net gain on investments		6.17			4.32			2.56			2.50
Net income		6.78			4.44			2.54			2.20
Net asset value per Unit, March 31, 2025	$	241.91		$	169.13		$	100.22		$	97.71

The following represents ratios to average Members’ Capital and total return for the three months ended March 31, 2025 and 2024:

	Class 0					Class 2					Class 3-A				Class 3-B
		2025		2024			2025		2024			2025		2024		2025		2024

Total return before Incentive Allocation		2.88	%	9.46	%		2.69	%	9.26	%		3.01	%	‑		2.88	%	‑
Incentive Allocation		0.00		(0.55	)		0.00		(0.47	)		(0.41	)	‑		(0.58	)	‑
Total return after Incentive Allocation		2.88	%	8.91	%		2.69	%	8.79	%		2.60	%	‑		2.30	%	‑

Net investment income before Incentive Allocation		0.26	%	0.49	%		0.07	%	0.30	%		0.38	%	‑		0.25	%	‑
Incentive Allocation		0.00		(0.51	)		0.00		(0.45	)		(0.40	)	‑		(0.56	)	‑
Net investment income (loss) after Incentive Allocation		0.26	%	(0.02	)%		0.07	%	(0.15	)%		(0.02	)%	‑		(0.31	)%	‑

Total expenses before Incentive Allocation		0.77	%	0.71	%		0.95	%	0.91	%		0.64	%	‑		0.78	%	‑
Incentive Allocation		0.00		0.51			0.00		0.45			0.40		‑		0.56		‑
Total expenses after Incentive Allocation		0.77	%	1.22	%		0.95	%	1.36	%		1.04	%	‑		1.34	%	‑