Assets and Condensed Schedule of Investments by Class of Units

12 Months Ended

Dec. 31, 2019

Assets and Condensed Schedule of Investments by Class of Units

Futures, Forwards and Options on Futures and Forward Contracts by Class of Units

Note 7. Assets and Condensed Schedule of Investments by Class of Units

The following schedules of assets by class of units and condensed schedule of investments by class of units reflect activity and percent of partners’ capital for each class of the Partnership as of December 31, 2019 and 2018.

Class A Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	690,592
Net unrealized gain (loss) on open futures contracts		25,537
Net unrealized gain (loss) on open forward currency contracts		(4,390)
Net unrealized gain (loss) on open swap contracts		193,042
Total equity in brokers' trading accounts		904,781
Cash and cash equivalents		36,682
Securities owned, at fair value (cost $3,178,570)		3,182,839
Interest and dividend receivable, net		353
Total assets	$	4,124,655

Futures, Forward and Swap Contracts owned by Class A Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	11,264	0.28	%	$	(1,382)	(0.03)	%	$	9,882	0.25	%
Currencies		4,435	0.11	%		(4,034)	(0.10)	%		401	0.01	%
Energy		20,409	0.50	%		(15,024)	(0.37)	%		5,385	0.13	%
Interest rates		(3,945)	(0.10)	%		95	—	%		(3,850)	(0.10)	%
Meats		(15)	—	%		(195)	—	%		(210)	(0.01)	%
Metals		12,495	0.31	%		62	—	%		12,557	0.31	%
Soft commodities		2,880	0.07	%		448	0.01	%		3,328	0.08	%
Stock indices		14,627	0.36	%		(1,886)	(0.04)	%		12,741	0.32	%
Total U.S. Futures Positions		62,150				(21,916)				40,234
Foreign Futures Positions:
Interest rates		(16,000)	(0.39)	%		2,190	0.05	%		(13,810)	(0.34)	%
Metals		(4,568)	(0.11)	%		(71)	—	%		(4,639)	(0.11)	%
Stock indices		3,672	0.09	%		80	—	%		3,752	0.09	%
Total Foreign Futures Positions		(16,896)				2,199				(14,697)
Total Futures Contracts	$	45,254	1.12	%	$	(19,717)	(0.49)	%	$	25,537	0.63	%
Forward Contracts *
Currencies	$	(293)	(0.01)	%	$	(4,097)	(0.10)	%	$	(4,390)	(0.11)	%
Swap Contracts
Deutsche Bank total return swap, Termination date April 30, 2024	$	(38,945)	(0.97)	%	$	—	—	%	$	(38,945)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		231,987	5.78	%		—	—	%		231,987	5.78	%
Total Swap Contracts	$	193,042	4.81	%	$	—	—	%	$	193,042	4.81	%
Total Futures, Forward and
Swap Contracts	$	238,003	5.92	%	$	(23,814)	(0.59)	%	$	214,189	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Class A Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	1,112,196	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	1,118,224	27.85	%
	889,757	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		892,908	22.23	%
		Total U.S. Government-sponsored enterprises (cost $2,002,033)		$	2,011,132	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	857,980	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $852,163)	$	853,657	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	5,402	Highland / iBoxx Senior Loan ETF	$	94,753	2.36	%
	1,271	PIMCO Enhanced Short Maturity Active ETF		129,129	3.22	%
	3,495	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		94,168	2.34	%
		Total Exchange-traded funds (cost $324,374)	$	318,050	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Class A Units at December 31, 2019	$	3,182,839	79.26	%

Class B Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	7,192,106
Net unrealized gain (loss) on open futures contracts		265,947
Net unrealized gain (loss) on open forward currency contracts		(45,718)
Net unrealized gain (loss) on open swap contracts		2,010,413
Total equity in brokers' trading accounts		9,422,748
Cash and cash equivalents		382,023
Securities owned, at fair value (cost $33,102,907)		33,147,366
Interest and dividend receivable, net		3,676
Total assets	$	42,955,813

Futures, Forward and Swap Contracts owned by Class B Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	117,303	0.28	%	$	(14,393)	(0.03)	%	$	102,910	0.25	%
Currencies		46,187	0.11	%		(42,009)	(0.10)	%		4,178	0.01	%
Energy		212,553	0.50	%		(156,465)	(0.37)	%		56,088	0.13	%
Interest rates		(41,088)	(0.10)	%		993	—	%		(40,095)	(0.10)	%
Meats		(159)	—	%		(2,035)	—	%		(2,194)	(0.01)	%
Metals		130,125	0.31	%		642	—	%		130,767	0.31	%
Soft commodities		29,990	0.07	%		4,668	0.01	%		34,658	0.08	%
Stock indices		152,328	0.36	%		(19,636)	(0.04)	%		132,692	0.32	%
Total U.S. Futures Positions		647,239				(228,235)				419,004
Foreign Futures Positions:
Interest rates		(166,629)	(0.39)	%		22,808	0.05	%		(143,821)	(0.34)	%
Metals		(47,570)	(0.11)	%		(737)	—	%		(48,307)	(0.11)	%
Stock indices		38,236	0.09	%		835	—	%		39,071	0.09	%
Total Foreign Futures Positions		(175,963)				22,906				(153,057)
Total Futures Contracts	$	471,276	1.12	%	$	(205,329)	(0.49)	%	$	265,947	0.64	%
Forward Contracts *
Currencies	$	(3,051)	(0.01)	%	$	(42,667)	(0.10)	%	$	(45,718)	(0.11)	%
Swap Contracts
Deutsche Bank total return swap, Termination date April 30, 2024	$	(405,594)	(0.97)	%	$	—	—	%	$	(405,594)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		2,416,007	5.78	%		—	—	%		2,416,007	5.78	%
Total Swap Contracts	$	2,010,413	4.81	%	$	—	—	%	$	2,010,413	4.81	%
Total Futures, Forward and
Swap Contracts	$	2,478,638	5.92	%	$	(247,996)	(0.59)	%	$	2,230,642	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Class B Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	11,582,859	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	11,645,635	27.85	%
	9,266,286	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		9,299,105	22.23	%
		Total U.S. Government-sponsored enterprises (cost $20,849,980)		$	20,944,740	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	8,935,347	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $8,874,770)	$	8,890,325	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	56,259	Highland / iBoxx Senior Loan ETF	$	986,792	2.36	%
	13,238	PIMCO Enhanced Short Maturity Active ETF		1,344,804	3.22	%
	36,404	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		980,705	2.34	%
		Total Exchange-traded funds (cost $3,378,157)	$	3,312,301	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Class B Units at December 31, 2019	$	33,147,366	79.26	%

Legacy 1 Class Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	71,238
Net unrealized gain (loss) on open futures contracts		2,634
Net unrealized gain (loss) on open forward currency contracts		(453)
Net unrealized gain (loss) on open swap contracts		19,913
Total equity in brokers' trading accounts		93,332
Cash and cash equivalents		3,784
Securities owned, at fair value (cost $327,886)		328,325
Interest and dividend receivable, net		36
Total assets	$	425,477

Futures, Forward and Swap Contracts owned by Legacy 1 Class Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	1,162	0.28	%	$	(143)	(0.03)	%	$	1,019	0.25	%
Currencies		458	0.11	%		(416)	(0.10)	%		42	0.01	%
Energy		2,105	0.50	%		(1,550)	(0.37)	%		555	0.13	%
Interest rates		(407)	(0.10)	%		10	—	%		(397)	(0.10)	%
Meats		(2)	—	%		(20)	—	%		(22)	(0.01)	%
Metals		1,289	0.31	%		6	—	%		1,295	0.31	%
Soft commodities		297	0.07	%		46	0.01	%		343	0.08	%
Stock indices		1,509	0.36	%		(195)	(0.04)	%		1,314	0.32	%
Total U.S. Futures Positions		6,411				(2,262)				4,149
Foreign Futures Positions:
Interest rates		(1,650)	(0.39)	%		226	0.05	%		(1,424)	(0.34)	%
Metals		(471)	(0.11)	%		(7)	—	%		(478)	(0.11)	%
Stock indices		379	0.09	%		8	—	%		387	0.09	%
Total Foreign Futures Positions		(1,742)				227				(1,515)
Total Futures Contracts	$	4,669	1.12	%	$	(2,035)	(0.49)	%	$	2,634	0.63	%
Forward Contracts *
Currencies	$	(30)	(0.01)	%	$	(423)	(0.10)	%	$	(453)	(0.11)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date April 30, 2024	$	(4,018)	(0.97)	%	$	—	—	%	$	(4,018)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		23,931	5.78	%		—	—	%		23,931	5.78	%
Total Swap Contracts	$	19,913	4.81	%	$	—	—	%	$	19,913	4.81	%
Total Futures, Forward and
Swap Contracts	$	24,552	5.92	%	$	(2,458)	(0.59)	%	$	22,094	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Legacy 1 Class Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	114,729	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	115,350	27.85	%
	91,783	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		92,108	22.23	%
		Total U.S. Government-sponsored enterprises (cost $206,520)		$	207,458	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	88,505	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $87,905)	$	88,059	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	557	Highland / iBoxx Senior Loan ETF	$	9,774	2.36	%
	131	PIMCO Enhanced Short Maturity Active ETF		13,320	3.22	%
	361	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		9,714	2.34	%
		Total Exchange-traded funds (cost $33,461)	$	32,808	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Legacy 1 Class Units at December 31, 2019	$	328,325	79.26	%

Legacy 2 Class Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	56,111
Net unrealized gain (loss) on open futures contracts		2,075
Net unrealized gain (loss) on open forward currency contracts		(357)
Net unrealized gain (loss) on open swap contracts		15,685
Total equity in brokers' trading accounts		73,514
Cash and cash equivalents		2,980
Securities owned, at fair value (cost $258,262)		258,609
Interest and dividend receivable, net		29
Total assets	$	335,132

Futures, Forward and Swap Contracts owned by Legacy 2 Class Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	915	0.28	%	$	(111)	(0.03)	%	$	804	0.25	%
Currencies		360	0.11	%		(327)	(0.10)	%		33	0.01	%
Energy		1,658	0.50	%		(1,221)	(0.37)	%		437	0.13	%
Interest rates		(321)	(0.10)	%		8	—	%		(313)	(0.10)	%
Meats		(1)	—	%		(16)	—	%		(17)	(0.01)	%
Metals		1,015	0.31	%		5	—	%		1,020	0.31	%
Soft commodities		234	0.07	%		36	0.01	%		270	0.08	%
Stock indices		1,188	0.36	%		(153)	(0.04)	%		1,035	0.32	%
Total U.S. Futures Positions		5,048				(1,779)				3,269
Foreign Futures Positions:
Interest rates		(1,300)	(0.39)	%		178	0.05	%		(1,122)	(0.34)	%
Metals		(371)	(0.11)	%		(6)	—	%		(377)	(0.11)	%
Stock indices		298	0.09	%		7	—	%		305	0.09	%
Total Foreign Futures Positions		(1,373)				179				(1,194)
Total Futures Contracts	$	3,675	1.12	%	$	(1,600)	(0.49)	%	$	2,075	0.63	%
Forward Contracts *
Currencies	$	(24)	(0.01)	%	$	(333)	(0.10)	%	$	(357)	(0.11)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date April 30, 2024	$	(3,164)	(0.97)	%	$	—	—	%	$	(3,164)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		18,849	5.78	%		—	—	%		18,849	5.78	%
Total Swap Contracts	$	15,685	4.81	%	$	—	—	%	$	15,685	4.81	%
Total Futures, Forward and
Swap Contracts	$	19,336	5.92	%	$	(1,933)	(0.59)	%	$	17,403	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Legacy 2 Class Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	90,367	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	90,857	27.85	%
	72,294	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		72,550	22.23	%
		Total U.S. Government-sponsored enterprises (cost $162,667)		$	163,407	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	69,712	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $69,239)	$	69,360	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	439	Highland / iBoxx Senior Loan ETF	$	7,699	2.36	%
	103	PIMCO Enhanced Short Maturity Active ETF		10,492	3.22	%
	284	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		7,651	2.34	%
		Total Exchange-traded funds (cost $26,356)	$	25,842	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Legacy 2 Class Units at December 31, 2019	$	258,609	79.26	%

Global 1 Class Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	2,681,756
Net unrealized gain (loss) on open futures contracts		99,165
Net unrealized gain (loss) on open forward currency contracts		(17,047)
Net unrealized gain (loss) on open swap contracts		749,633
Total equity in brokers' trading accounts		3,513,507
Cash and cash equivalents		142,447
Securities owned, at fair value (cost $12,343,245)		12,359,824
Interest and dividend receivable, net		1,370
Total assets	$	16,017,148

Futures, Forward and Swap Contracts owned by Global 1 Class Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	43,740	0.28	%	$	(5,367)	(0.03)	%	$	38,373	0.25	%
Currencies		17,222	0.11	%		(15,664)	(0.10)	%		1,558	0.01	%
Energy		79,256	0.50	%		(58,341)	(0.37)	%		20,915	0.13	%
Interest rates		(15,320)	(0.10)	%		370	—	%		(14,950)	(0.10)	%
Meats		(59)	—	%		(759)	—	%		(818)	(0.01)	%
Metals		48,520	0.31	%		239	—	%		48,759	0.31	%
Soft commodities		11,182	0.07	%		1,740	0.01	%		12,922	0.08	%
Stock indices		56,799	0.36	%		(7,322)	(0.04)	%		49,477	0.32	%
Total U.S. Futures Positions		241,340				(85,104)				156,236
Foreign Futures Positions:
Interest rates		(62,132)	(0.39)	%		8,505	0.05	%		(53,627)	(0.34)	%
Metals		(17,738)	(0.11)	%		(275)	—	%		(18,013)	(0.11)	%
Stock indices		14,258	0.09	%		311	—	%		14,569	0.09	%
Total Foreign Futures Positions		(65,612)				8,541				(57,071)
Total Futures Contracts	$	175,728	1.12	%	$	(76,563)	(0.49)	%	$	99,165	0.63	%
Forward Contracts *
Currencies	$	(1,137)	(0.01)	%	$	(15,910)	(0.10)	%	$	(17,047)	(0.11)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date April 30, 2024	$	(151,236)	(0.97)	%	$	—	—	%	$	(151,236)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		900,869	5.78	%		—	—	%		900,869	5.78	%
Total Swap Contracts	$	749,633	4.81	%	$	—	—	%	$	749,633	4.81	%
Total Futures, Forward and
Swap Contracts	$	924,224	5.92	%	$	(92,473)	(0.59)	%	$	831,751	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Global 1 Class Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	4,318,958	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	4,342,366	27.85	%
	3,455,167	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		3,467,404	22.23	%
		Total U.S. Government-sponsored enterprises (cost $7,774,436)		$	7,809,770	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	3,331,768	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $3,309,179)	$	3,314,980	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	20,978	Highland / iBoxx Senior Loan ETF	$	367,951	2.36	%
	4,936	PIMCO Enhanced Short Maturity Active ETF		501,443	3.22	%
	13,574	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		365,680	2.34	%
		Total Exchange-traded funds (cost $1,259,630)	$	1,235,074	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Global 1 Class Units at December 31, 2019	$	12,359,824	79.26	%

Global 2 Class Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	118,828
Net unrealized gain (loss) on open futures contracts		4,394
Net unrealized gain (loss) on open forward currency contracts		(755)
Net unrealized gain (loss) on open swap contracts		33,216
Total equity in brokers' trading accounts		155,683
Cash and cash equivalents		6,312
Securities owned, at fair value (cost $546,925)		547,661
Interest and dividend receivable, net		61
Total assets	$	709,717

Futures, Forward and Swap Contracts owned by Global 2 Class Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	1,938	0.28	%	$	(238)	(0.03)	%	$	1,700	0.25	%
Currencies		763	0.11	%		(694)	(0.10)	%		69	0.01	%
Energy		3,512	0.50	%		(2,585)	(0.37)	%		927	0.13	%
Interest rates		(679)	(0.10)	%		16	—	%		(663)	(0.10)	%
Meats		(3)	—	%		(34)	—	%		(37)	(0.01)	%
Metals		2,150	0.31	%		11	—	%		2,161	0.31	%
Soft commodities		495	0.07	%		77	0.01	%		572	0.08	%
Stock indices		2,517	0.36	%		(324)	(0.04)	%		2,193	0.32	%
Total U.S. Futures Positions		10,693				(3,771)				6,922
Foreign Futures Positions:
Interest rates		(2,753)	(0.39)	%		377	0.05	%		(2,376)	(0.34)	%
Metals		(786)	(0.11)	%		(12)	—	%		(798)	(0.11)	%
Stock indices		632	0.09	%		14	—	%		646	0.09	%
Total Foreign Futures Positions		(2,907)				379				(2,528)
Total Futures Contracts	$	7,786	1.12	%	$	(3,392)	(0.49)	%	$	4,394	0.63	%
Forward Contracts *
Currencies	$	(50)	(0.01)	%	$	(705)	(0.10)	%	$	(755)	(0.11)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date April 30, 2024	$	(6,701)	(0.97)	%	$	—	—	%	$	(6,701)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		39,917	5.78	%		—	—	%		39,917	5.78	%
Total Swap Contracts	$	33,216	4.81	%	$	—	—	%	$	33,216	4.81	%
Total Futures, Forward and
Swap Contracts	$	40,952	5.92	%	$	(4,097)	(0.59)	%	$	36,855	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Global 2 Class Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	191,372	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	192,409	27.85	%
	153,097	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		153,640	22.23	%
		Total U.S. Government-sponsored enterprises (cost $344,483)		$	346,049	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	147,630	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $146,628)	$	146,886	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	930	Highland / iBoxx Senior Loan ETF	$	16,304	2.36	%
	219	PIMCO Enhanced Short Maturity Active ETF		22,219	3.22	%
	601	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		16,203	2.34	%
		Total Exchange-traded funds (cost $55,814)	$	54,726	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Global 2 Class Units at December 31, 2019	$	547,661	79.26	%

Global 3 Class Units

Assets by Class of Units	December 31, 2019
Equity in brokers' trading accounts:
Cash	$	55,585
Net unrealized gain (loss) on open futures contracts		2,055
Net unrealized gain (loss) on open forward currency contracts		(353)
Net unrealized gain (loss) on open swap contracts		15,537
Total equity in brokers' trading accounts		72,824
Cash and cash equivalents		2,953
Securities owned, at fair value (cost $255,838)		256,183
Interest and dividend receivable, net		28
Total assets	$	331,988

Futures, Forward and Swap Contracts owned by Global 3 Class Units at December 31, 2019

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	907	0.28	%	$	(111)	(0.03)	%	$	796	0.25	%
Currencies		357	0.11	%		(325)	(0.10)	%		32	0.01	%
Energy		1,643	0.50	%		(1,209)	(0.37)	%		434	0.13	%
Interest rates		(318)	(0.10)	%		8	—	%		(310)	(0.10)	%
Meats		(1)	—	%		(16)	—	%		(17)	(0.01)	%
Metals		1,006	0.31	%		5	—	%		1,011	0.31	%
Soft commodities		232	0.07	%		36	0.01	%		268	0.08	%
Stock indices		1,177	0.36	%		(152)	(0.04)	%		1,025	0.32	%
Total U.S. Futures Positions		5,003				(1,764)				3,239
Foreign Futures Positions:
Interest rates		(1,288)	(0.39)	%		176	0.05	%		(1,112)	(0.34)	%
Metals		(368)	(0.11)	%		(6)	—	%		(374)	(0.11)	%
Stock indices		296	0.09	%		6	—	%		302	0.09	%
Total Foreign Futures Positions		(1,360)				176				(1,184)
Total Futures Contracts	$	3,643	1.12	%	$	(1,588)	(0.49)	%	$	2,055	0.63	%
Forward Contracts *
Currencies	$	(24)	(0.01)	%	$	(329)	(0.10)	%	$	(353)	(0.11)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date April 30, 2024	$	(3,135)	(0.97)	%	$	—	—	%	$	(3,135)	(0.97)	%
Deutsche Bank total return swap, Termination date July 1, 2020		18,672	5.78	%		—	—	%		18,672	5.78	%
Total Swap Contracts	$	15,537	4.81	%	$	—	—	%	$	15,537	4.81	%
Total Futures, Forward and
Swap Contracts	$	19,156	5.92	%	$	(1,917)	(0.59)	%	$	17,239	5.33	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Global 3 Class Units at December 31, 2019

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	89,519	1/15/2021-12/27/2022	Federal Farm Credit Banks, 1.6%-2.2%	$	90,005	27.85	%
	71,616	9/13/2021-12/23/2022	Federal Home Loan Banks, 1.8%-2.3%		71,869	22.23	%
		Total U.S. Government-sponsored enterprises (cost $161,141)		$	161,874	50.08	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	69,058	1/16/2020-6/25/2020	U.S. Treasury bills, 1.5%-2.0% (cost $68,590)	$	68,710	21.26	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	435	Highland / iBoxx Senior Loan ETF	$	7,627	2.36	%
	102	PIMCO Enhanced Short Maturity Active ETF		10,393	3.22	%
	281	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		7,579	2.34	%
		Total Exchange-traded funds (cost $26,107)	$	25,599	7.92	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Global 3 Class Units at December 31, 2019	$	256,183	79.26	%

Class A Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	774,851
Net unrealized gain (loss) on open futures contracts		104,100
Net unrealized gain (loss) on open forward currency contracts		(2,497)
Net unrealized gain (loss) on open swap contracts		116,486
Total equity in brokers' trading accounts		992,940
Cash and cash equivalents		151,833
Securities owned, at fair value (cost $3,658,597)		3,659,882
Interest and dividend receivable, net		839
Total assets	$	4,805,494

Futures, Forward and Swap Contracts owned by Class A Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(309)	(0.01)	%	$	6,968	0.15	%	$	6,659	0.14	%
Currencies		(912)	(0.02)	%		2,840	0.06	%		1,928	0.04	%
Energy		(1,715)	(0.04)	%		12,776	0.27	%		11,061	0.23	%
Interest rates		41,411	0.88	%		(11,684)	(0.25)	%		29,727	0.63	%
Meats		1,639	0.03	%		(842)	(0.01)	%		797	0.02	%
Metals		5,454	0.11	%		370	0.01	%		5,824	0.12	%
Soft commodities		(219)	—	%		7,984	0.17	%		7,765	0.17	%
Stock indices and single stock futures		(10,973)	(0.23)	%		655	0.01	%		(10,318)	(0.22)	%
Total U.S. Futures Positions		34,376				19,067				53,443
Foreign Futures Positions:
Agriculturals		299	0.01	%		34	—	%		333	0.01	%
Currencies		339	0.01	%		187	—	%		526	0.01	%
Interest rates		46,367	0.99	%		(1,252)	(0.03)	%		45,115	0.96	%
Metals		(7,427)	(0.16)	%		17,619	0.38	%		10,192	0.22	%
Soft commodities		—	—	%		(299)	(0.01)	%		(299)	(0.01)	%
Stock indices		(9,931)	(0.21)	%		4,721	0.10	%		(5,210)	(0.11)	%
Total Foreign Futures Positions		29,647				21,010				50,657
Total Futures Contracts	$	64,023	1.36	%	$	40,077	0.85	%	$	104,100	2.21	%
Forward Contracts *
Currencies	$	1,169	0.03	%	$	(3,666)	(0.08)	%	$	(2,497)	(0.05)	%
Swap Contracts
Deutsche Bank total return swap, Termination date March 29, 2019	$	(35,906)	(0.76)	%	$	—	—	%	$	(35,906)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		152,392	3.24	%		—	—	%		152,392	3.24	%
Total Swap Contracts	$	116,486	2.48	%	$	—	—	%	$	116,486	2.48	%
Total Futures, Forward and
Swap Contracts	$	181,678	3.87	%	$	36,411	0.77	%	$	218,089	4.64	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Class A Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	150,646	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	151,419	3.22	%
	1,385,943	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		1,390,038	29.60	%
	964,134	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		967,412	20.60	%
		Total U.S. Government-sponsored enterprises (cost $2,500,587)		$	2,508,869	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	903,876	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $885,759)	$	888,967	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	4,519	Highland / iBoxx Senior Loan ETF	$	77,643	1.65	%
	1,205	PIMCO Enhanced Short Maturity Active ETF		121,662	2.59	%
	2,410	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		62,741	1.34	%
		Exchange-traded funds (cost $272,251)	$	262,046	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Class A Units at December 31, 2018	$	3,659,882	77.93	%

Class B Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	8,461,360
Net unrealized gain (loss) on open futures contracts		1,136,758
Net unrealized gain (loss) on open forward currency contracts		(27,259)
Net unrealized gain (loss) on open swap contracts		1,272,025
Total equity in brokers' trading accounts		10,842,884
Cash and cash equivalents		1,658,017
Securities owned, at fair value (cost $39,951,813)		39,965,825
Interest and dividend receivable, net		9,159
Total assets	$	52,475,885

Futures, Forward and Swap Contracts owned by Class B Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(3,371)	(0.01)	%	$	76,096	0.15	%	$	72,725	0.14	%
Currencies		(9,964)	(0.02)	%		31,017	0.06	%		21,053	0.04	%
Energy		(18,732)	(0.04)	%		139,509	0.27	%		120,777	0.23	%
Interest rates		452,210	0.88	%		(127,595)	(0.25)	%		324,615	0.63	%
Meats		17,897	0.03	%		(9,190)	(0.01)	%		8,707	0.02	%
Metals		59,558	0.11	%		4,042	0.01	%		63,600	0.12	%
Soft commodities		(2,393)	—	%		87,184	0.17	%		84,791	0.17	%
Stock indices and single stock futures		(119,824)	(0.23)	%		7,151	0.01	%		(112,673)	(0.22)	%
Total U.S. Futures Positions		375,381				208,214				583,595
Foreign Futures Positions:
Agriculturals		3,260	0.01	%		370	—	%		3,630	0.01	%
Currencies		3,696	0.01	%		2,046	—	%		5,742	0.01	%
Interest rates		506,329	0.99	%		(13,672)	(0.03)	%		492,657	0.96	%
Metals		(81,109)	(0.16)	%		192,397	0.38	%		111,288	0.22	%
Soft commodities		—	—	%		(3,261)	(0.01)	%		(3,261)	(0.01)	%
Stock indices		(108,450)	(0.21)	%		51,557	0.10	%		(56,893)	(0.11)	%
Total Foreign Futures Positions		323,726				229,437				553,163
Total Futures Contracts	$	699,107	1.36	%	$	437,651	0.85	%	$	1,136,758	2.21	%
Forward Contracts *
Currencies	$	12,769	0.03	%	$	(40,028)	(0.08)	%	$	(27,259)	(0.05)	%
Swap Contracts
Deutsche Bank total return swap, Termination date March 29, 2019	$	(392,095)	(0.76)	%	$	—	—	%	$	(392,095)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		1,664,120	3.24	%		—	—	%		1,664,120	3.24	%
Total Swap Contracts	$	1,272,025	2.48	%	$	—	—	%	$	1,272,025	2.48	%
Total Futures, Forward and
Swap Contracts	$	1,983,901	3.87	%	$	397,623	0.77	%	$	2,381,524	4.64	%

* No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Class B Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	1,645,051	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	1,653,490	3.22	%
	15,134,470	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		15,179,191	29.60	%
	10,528,326	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		10,564,114	20.60	%
		Total U.S. Government-sponsored enterprises (cost $27,306,366)		$	27,396,795	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	9,870,306	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $9,672,477)	$	9,707,497	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	49,352	Highland / iBoxx Senior Loan ETF	$	847,859	1.65	%
	13,160	PIMCO Enhanced Short Maturity Active ETF		1,328,543	2.59	%
	26,321	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		685,131	1.34	%
		Exchange-traded funds (cost $2,972,970)	$	2,861,533	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Class B Units at December 31, 2018	$	39,965,825	77.93	%

Legacy 1 Class Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	166,563
Net unrealized gain (loss) on open futures contracts		22,376
Net unrealized gain (loss) on open forward currency contracts		(537)
Net unrealized gain (loss) on open swap contracts		25,040
Total equity in brokers' trading accounts		213,442
Cash and cash equivalents		32,638
Securities owned, at fair value (cost $786,455)		786,731
Interest and dividend receivable, net		180
Total assets	$	1,032,991

Futures, Forward and Swap Contracts owned by Legacy 1 Class Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(66)	(0.01)	%	$	1,498	0.15	%	$	1,432	0.14	%
Currencies		(196)	(0.02)	%		611	0.06	%		415	0.04	%
Energy		(369)	(0.04)	%		2,746	0.27	%		2,377	0.23	%
Interest rates		8,902	0.88	%		(2,512)	(0.25)	%		6,390	0.63	%
Meats		352	0.03	%		(181)	(0.01)	%		171	0.02	%
Metals		1,172	0.11	%		80	0.01	%		1,252	0.12	%
Soft commodities		(47)	—	%		1,716	0.17	%		1,669	0.17	%
Stock indices and single stock futures		(2,359)	(0.23)	%		141	0.01	%		(2,218)	(0.22)	%
Total U.S. Futures Positions		7,389				4,099				11,488
Foreign Futures Positions:
Agriculturals		64	0.01	%		7	—	%		71	0.01	%
Currencies		73	0.01	%		40	—	%		113	0.01	%
Interest rates		9,967	0.99	%		(269)	(0.03)	%		9,698	0.96	%
Metals		(1,597)	(0.16)	%		3,787	0.38	%		2,190	0.22	%
Soft commodities		—	—	%		(64)	(0.01)	%		(64)	(0.01)	%
Stock indices		(2,135)	(0.21)	%		1,015	0.10	%		(1,120)	(0.11)	%
Total Foreign Futures Positions		6,372				4,516				10,888
Total Futures Contracts	$	13,761	1.36	%	$	8,615	0.85	%	$	22,376	2.21	%
Forward Contracts *
Currencies	$	251	0.03	%	$	(788)	(0.08)	%	$	(537)	(0.05)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date March 29, 2019	$	(7,718)	(0.76)	%	$	—	—	%	$	(7,718)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		32,758	3.24	%		—	—	%		32,758	3.24	%
Total Swap Contracts	$	25,040	2.48	%	$	—	—	%	$	25,040	2.48	%
Total Futures, Forward and
Swap Contracts	$	39,052	3.87	%	$	7,827	0.77	%	$	46,879	4.64	%

* No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Legacy 1 Class Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	32,383	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	32,549	3.22	%
	297,923	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		298,804	29.60	%
	207,251	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		207,956	20.60	%
		Total U.S. Government-sponsored enterprises (cost $537,528)		$	539,309	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	194,298	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $190,404)	$	191,093	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	971	Highland / iBoxx Senior Loan ETF	$	16,690	1.65	%
	259	PIMCO Enhanced Short Maturity Active ETF		26,152	2.59	%
	518	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		13,487	1.34	%
		Exchange-traded funds (cost $58,523)	$	56,329	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Legacy 1 Class Units at December 31, 2018	$	786,731	77.93	%

Legacy 2 Class Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	53,663
Net unrealized gain (loss) on open futures contracts		7,211
Net unrealized gain (loss) on open forward currency contracts		(173)
Net unrealized gain (loss) on open swap contracts		8,067
Total equity in brokers' trading accounts		68,768
Cash and cash equivalents		10,515
Securities owned, at fair value (cost $253,379)		253,468
Interest and dividend receivable, net		58
Total assets	$	332,809

Futures, Forward and Swap Contracts owned by Legacy 2 Class Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(21)	(0.01)	%	$	483	0.15	%	$	462	0.14	%
Currencies		(63)	(0.02)	%		197	0.06	%		134	0.04	%
Energy		(119)	(0.04)	%		885	0.27	%		766	0.23	%
Interest rates		2,868	0.88	%		(809)	(0.25)	%		2,059	0.63	%
Meats		114	0.04	%		(58)	(0.01)	%		56	0.02	%
Metals		378	0.11	%		26	0.01	%		404	0.12	%
Soft commodities		(15)	—	%		553	0.17	%		538	0.17	%
Stock indices and single stock futures		(760)	(0.23)	%		45	0.01	%		(715)	(0.22)	%
Total U.S. Futures Positions		2,382				1,322				3,704
Foreign Futures Positions:
Agriculturals		21	0.01	%		2	—	%		23	0.01	%
Currencies		23	0.01	%		13	—	%		36	0.01	%
Interest rates		3,211	0.99	%		(87)	(0.03)	%		3,124	0.96	%
Metals		(514)	(0.16)	%		1,220	0.38	%		706	0.22	%
Soft commodities		—	—	%		(21)	(0.01)	%		(21)	(0.01)	%
Stock indices		(688)	(0.21)	%		327	0.10	%		(361)	(0.11)	%
Total Foreign Futures Positions		2,053				1,454				3,507
Total Futures Contracts	$	4,435	1.36	%	$	2,776	0.85	%	$	7,211	2.21	%
Forward Contracts *
Currencies	$	81	0.03	%	$	(254)	(0.08)	%	$	(173)	(0.05)	%
Swap Contracts *
Deutsche Bank total return swap, Termination date March 29, 2019	$	(2,487)	(0.76)	%	$	—	—	%	$	(2,487)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		10,554	3.24	%		—	—	%		10,554	3.24	%
Total Swap Contracts	$	8,067	2.48	%	$	—	—	%	$	8,067	2.48	%
Total Futures, Forward and
Swap Contracts	$	12,583	3.87	%	$	2,522	0.77	%	$	15,105	4.64	%

* No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Legacy 2 Class Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	10,433	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	10,487	3.22	%
	95,984	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		96,268	29.60	%
	66,772	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		66,999	20.60	%
		Total U.S. Government-sponsored enterprises (cost $173,180)		$	173,754	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	62,599	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $61,344)	$	61,566	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	313	Highland / iBoxx Senior Loan ETF	$	5,377	1.65	%
	83	PIMCO Enhanced Short Maturity Active ETF		8,426	2.59	%
	167	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		4,345	1.34	%
		Exchange-traded funds (cost $18,855)	$	18,148	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Legacy 2 Class Units at December 31, 2018	$	253,468	77.93	%

Global 1 Class Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	3,178,446
Net unrealized gain (loss) on open futures contracts		427,013
Net unrealized gain (loss) on open forward currency contracts		(10,240)
Net unrealized gain (loss) on open swap contracts		477,827
Total equity in brokers' trading accounts		4,073,046
Cash and cash equivalents		622,821
Securities owned, at fair value (cost $15,007,595)		15,012,860
Interest and dividend receivable, net		3,441
Total assets	$	19,712,168

Futures, Forward and Swap Contracts owned by Global 1 Class Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(1,266)	(0.01)	%	$	28,585	0.15	%	$	27,319	0.14	%
Currencies		(3,743)	(0.02)	%		11,651	0.06	%		7,908	0.04	%
Energy		(7,036)	(0.04)	%		52,405	0.27	%		45,369	0.23	%
Interest rates		169,869	0.88	%		(47,930)	(0.25)	%		121,939	0.63	%
Meats		6,723	0.03	%		(3,453)	(0.01)	%		3,270	0.02	%
Metals		22,372	0.11	%		1,519	0.01	%		23,891	0.12	%
Soft commodities		(899)	—	%		32,750	0.17	%		31,851	0.17	%
Stock indices and single stock futures		(45,011)	(0.23)	%		2,686	0.01	%		(42,325)	(0.22)	%
Total U.S. Futures Positions		141,009				78,213				219,222
Foreign Futures Positions:
Agriculturals		1,225	0.01	%		138	—	%		1,363	0.01	%
Currencies		1,389	0.01	%		768	—	%		2,157	0.01	%
Interest rates		190,198	0.99	%		(5,136)	(0.03)	%		185,062	0.96	%
Metals		(30,467)	(0.16)	%		72,273	0.38	%		41,806	0.22	%
Soft commodities		—	—	%		(1,226)	(0.01)	%		(1,226)	(0.01)	%
Stock indices		(40,738)	(0.21)	%		19,367	0.10	%		(21,371)	(0.11)	%
Total Foreign Futures Positions		121,607				86,184				207,791
Total Futures Contracts	$	262,616	1.36	%	$	164,397	0.85	%	$	427,013	2.21	%
Forward Contracts *
Currencies	$	4,796	0.03	%	$	(15,036)	(0.08)	%	$	(10,240)	(0.05)	%
Swap Contracts
Deutsche Bank total return swap, Termination date March 29, 2019	$	(147,287)	(0.76)	%	$	—	—	%	$	(147,287)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		625,114	3.24	%		—	—	%		625,114	3.24	%
Total Swap Contracts	$	477,827	2.48	%	$	—	—	%	$	477,827	2.48	%
Total Futures, Forward and
Swap Contracts	$	745,239	3.87	%	$	149,361	0.77	%	$	894,600	4.64	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value).  Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Global 1 Class Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	617,951	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	621,121	3.22	%
	5,685,148	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		5,701,948	29.60	%
	3,954,886	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		3,968,330	20.60	%
		Total U.S. Government-sponsored enterprises (cost $10,257,429)		$	10,291,399	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	3,707,705	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $3,633,392)	$	3,646,548	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	18,539	Highland / iBoxx Senior Loan ETF	$	318,492	1.65	%
	4,944	PIMCO Enhanced Short Maturity Active ETF		499,057	2.59	%
	9,887	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		257,364	1.34	%
		Exchange-traded funds (cost $1,116,774)	$	1,074,913	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Global 1 Class Units at December 31, 2018	$	15,012,860	77.93	%

Global 2 Class Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	121,251
Net unrealized gain (loss) on open futures contracts		16,288
Net unrealized gain (loss) on open forward currency contracts		(391)
Net unrealized gain (loss) on open swap contracts		18,228
Total equity in brokers' trading accounts		155,376
Cash and cash equivalents		23,759
Securities owned, at fair value (cost $572,506)		572,708
Interest and dividend receivable, net		131
Total assets	$	751,974

Futures, Forward and Swap Contracts owned by Global 2 Class Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(48)	(0.01)	%	$	1,090	0.15	%	$	1,042	0.14	%
Currencies		(143)	(0.02)	%		444	0.06	%		301	0.04	%
Energy		(268)	(0.04)	%		1,999	0.27	%		1,731	0.23	%
Interest rates		6,480	0.88	%		(1,828)	(0.25)	%		4,652	0.63	%
Meats		256	0.03	%		(132)	(0.01)	%		124	0.02	%
Metals		853	0.11	%		58	0.01	%		911	0.12	%
Soft commodities		(34)	—	%		1,249	0.17	%		1,215	0.17	%
Stock indices and single stock futures		(1,717)	(0.23)	%		102	0.01	%		(1,615)	(0.22)	%
Total U.S. Futures Positions		5,379				2,982				8,361
Foreign Futures Positions:
Agriculturals		47	0.01	%		5	—	%		52	0.01	%
Currencies		53	0.01	%		29	—	%		82	0.01	%
Interest rates		7,256	0.99	%		(196)	(0.03)	%		7,060	0.96	%
Metals		(1,162)	(0.16)	%		2,757	0.38	%		1,595	0.22	%
Soft commodities		—	—	%		(47)	(0.01)	%		(47)	(0.01)	%
Stock indices		(1,554)	(0.21)	%		739	0.10	%		(815)	(0.11)	%
Total Foreign Futures Positions		4,640				3,287				7,927
Total Futures Contracts	$	10,019	1.36	%	$	6,269	0.85	%	$	16,288	2.21	%
Forward Contracts *
Currencies	$	183	0.03	%	$	(574)	(0.08)	%	$	(391)	(0.05)	%
Swap Contracts
Deutsche Bank total return swap, Termination date March 29, 2019	$	(5,619)	(0.76)	%	$	—	—	%	$	(5,619)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		23,847	3.25	%		—	—	%		23,847	3.25	%
Total Swap Contracts	$	18,228	2.48	%	$	—	—	%	$	18,228	2.48	%
Total Futures, Forward and
Swap Contracts	$	28,430	3.87	%	$	5,695	0.77	%	$	34,125	4.64	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value).  Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Global 2 Class Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	23,573	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	23,694	3.22	%
	216,876	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		217,517	29.60	%
	150,870	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		151,383	20.60	%
		Total U.S. Government-sponsored enterprises (cost $391,298)		$	392,594	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	141,441	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $138,606)	$	139,108	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	707	Highland / iBoxx Senior Loan ETF	$	12,150	1.65	%
	189	PIMCO Enhanced Short Maturity Active ETF		19,038	2.59	%
	377	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		9,818	1.34	%
		Exchange-traded funds (cost $42,602)	$	41,006	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Global 2 Class Units at December 31, 2018	$	572,708	77.93	%

Global 3 Class Units

Assets by Class of Units	December 31, 2018
Equity in brokers' trading accounts:
Cash	$	102,678
Net unrealized gain (loss) on open futures contracts		13,795
Net unrealized gain (loss) on open forward currency contracts		(331)
Net unrealized gain (loss) on open swap contracts		15,436
Total equity in brokers' trading accounts		131,578
Cash and cash equivalents		20,120
Securities owned, at fair value (cost $484,814)		484,984
Interest and dividend receivable, net		111
Total assets	$	636,793

Futures, Forward and Swap Contracts owned by Global 3 Class Units at December 31, 2018

	Unrealized gain/(loss) on open long contracts		Percent of Partners’ Capital (Net Asset Value)		Unrealized gain/(loss) on open short contracts		Percent of Partners’ Capital (Net Asset Value)		Net unrealized gain/(loss) on open contracts		Percent of Partners’ Capital (Net Asset Value)
Futures Contracts *
U.S. Futures Positions:
Agriculturals	$	(41)	(0.01)	%	$	923	0.15	%	$	882	0.14	%
Currencies		(121)	(0.02)	%		376	0.06	%		255	0.04	%
Energy		(227)	(0.04)	%		1,693	0.27	%		1,466	0.23	%
Interest rates		5,488	0.88	%		(1,548)	(0.25)	%		3,940	0.63	%
Meats		217	0.03	%		(112)	(0.01)	%		105	0.02	%
Metals		723	0.11	%		49	0.01	%		772	0.12	%
Soft commodities		(29)	—	%		1,058	0.17	%		1,029	0.17	%
Stock indices and single stock futures		(1,454)	(0.23)	%		87	0.01	%		(1,367)	(0.22)	%
Total U.S. Futures Positions		4,556				2,526				7,082
Foreign Futures Positions:
Agriculturals		40	0.01	%		4	—	%		44	0.01	%
Currencies		45	0.01	%		25	—	%		70	0.01
Interest rates		6,144	0.99	%		(166)	(0.03)	%		5,978	0.96	%
Metals		(984)	(0.16)	%		2,335	0.38	%		1,351	0.22	%
Soft commodities		—	—	%		(40)	(0.01)	%		(40)	(0.01)	%
Stock indices		(1,316)	(0.21)	%		626	0.10	%		(690)	(0.11)	%
Total Foreign Futures Positions		3,929				2,784				6,713
Total Futures Contracts	$	8,485	1.36	%	$	5,310	0.85	%	$	13,795	2.21	%
Forward Contracts *
Currencies	$	155	0.03	%	$	(486)	(0.08)	%	$	(331)	(0.05)	%
Swap Contracts
Deutsche Bank total return swap, Termination date March 29, 2019	$	(4,758)	(0.76)	%	$	—	—	%	$	(4,758)	(0.76)	%
Deutsche Bank total return swap, Termination date July 1, 2020		20,194	3.24	%		—	—	%		20,194	3.24	%
Total Swap Contracts	$	15,436	2.48	%	$	—	—	%	$	15,436	2.48	%
Total Futures, Forward and
Swap Contracts	$	24,076	3.87	%	$	4,824	0.77	%	$	28,900	4.64	%

*  No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.

Securities owned by Global 3 Class Units at December 31, 2018

U.S. Government-sponsored enterprises

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	19,963	7/19/2019	Federal Agricultural Mortgage Corp., 1.1%	$	20,065	3.22	%
	183,656	2/22/2019-8/1/2019	Federal Farm Credit Banks, 1.2%-1.3%		184,199	29.60	%
	127,761	4/29/2019-12/2/2019	Federal Home Loan Banks, 1.1%-1.5%		128,195	20.60	%
		Total U.S. Government-sponsored enterprises (cost $331,362)		$	332,459	53.42	%

U.S. Government securities

						Percent of
						Partners' Capital
Face Value		Maturity Dates	Description	Fair Value		(net asset value)
$	119,776	3/28/2019-12/5/2019	U.S. Treasury bills, 1.1%-2.7% (cost $117,375)	$	117,800	18.93	%

U.S. Exchange-traded funds

					Percent of
					Partners' Capital
Shares		Description	Fair Value		(net asset value)
	599	Highland / iBoxx Senior Loan ETF	$	10,289	1.65	%
	160	PIMCO Enhanced Short Maturity Active ETF		16,122	2.59	%
	319	SPDR Bloomberg Barclays Short Term High Yield Bond ETF		8,314	1.34	%
		Exchange-traded funds (cost $36,077)	$	34,725	5.58	%

			Percent of
			Partners' Capital
	Fair Value		(net asset value)
Total securities owned by Global 3 Class Units at December 31, 2018	$	484,984	77.93	%