CONSOLIDATED FINANCIAL HIGHLIGHTS

12 Months Ended

Dec. 31, 2025

8. CONSOLIDATED FINANCIAL HIGHLIGHTS

The following financial highlights relate to investment performance and operations for each class of Unit outstanding for

the periods from each class inception date through December 31, 2025.


	For the periods from Inception through December 31, 2025
	Class A-S Units	Class A-I Units	Class E-S Units	Class E-I Units	Class C Units
Class Inception Date	Oct 1, 2025	Oct 1, 2025	Dec 1, 2025	Nov 3, 2025	Oct 1, 2025
Per Unit Data:
Net asset value per Unit, beginning of period	$—	$—	$—	$—	$—
Proceeds from Units issued	25.00	25.00	27.15	26.60	26.16
Net investment loss (1) (2)	(4.04)	(4.10)	(0.46)	(0.98)	(2.79)
Net realized and unrealized gain on investments, including derivative contracts (2)	2.79	2.94	0.65	1.62	2.83
Servicing fees	(1.86)	—	(1.88)	—	—
Net asset value per Unit, end of period	$21.89	$23.84	$25.46	$27.24	$26.20
Number of Units outstanding, end of period	29,000	868,850	11,050	809,598	95,584
Total return based on net asset value (3)	(12.44)%	(4.64)%	(6.22)%	4.77%	4.80%
Ratio to Weighted-Average Net Assets(4):
Incentive Allocation	(1.69)%	(1.60)%	(0.27)%	(0.65)%	—%
Total Expenses before waived expenses	(18.67)%	(17.98)%	(1.82)%	(3.92)%	(11.59)%
Total waived expenses	0.23%	0.21%	—%	—%	—%
Total Expenses after waived expenses	(18.44)%	(17.76)%	(1.82)%	(3.92)%	(11.59)%
Net investment loss	(17.83)%	(17.17)%	(1.68)%	(3.65)%	(11.06)%

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(1)Net investment loss per Unit was calculated as net investment loss for the period divided by the weighted average number of Units outstanding for the

period.

(2)The amounts reported for a Unit outstanding may not accord with the change in aggregate gains and losses on investments for the period due to the timing

of Unit transactions in relation to the fluctuating fair values of the Fund’s investments.

(3)Total return based on net asset value (not annualized) is based on the change in net asset value per Unit during the period divided by the Net Asset Value

per Unit on the respective Class Inception Date. Total return does not include upfront transaction fees, if any.

(4)These ratios to average net assets have not been annualized.