Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Measurements

Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2022:

Assets and Liabilities	Level 1		Level 2		Level 3		Total
Equity in brokers' trading accounts
U.S. and foreign futures contracts	$	458,218	$	—	$	—	$	458,218
Securities owned
U.S. Government-sponsored enterprises		—		22,017,779		—		22,017,779
U.S. Government securities		—		5,990,080		—		5,990,080
U.S. Exchange-traded funds		6,580,954		—		—		6,580,954
Total	$	7,039,172	$	28,007,859	$	—	$	35,047,031

The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2021:

Assets and Liabilities	Level 1		Level 2		Level 3		Total
Equity in brokers' trading accounts
U.S. and foreign futures contracts	$	223,952	$	—	$	—	$	223,952
Swap contracts		—		(591,631)		—		(591,631)
Securities owned
U.S. Government-sponsored enterprises		—		20,406,689		—		20,406,689
U.S. Government securities		—		5,991,677		—		5,991,677
U.S. Exchange-traded funds		7,128,854		—		—		7,128,854
Total	$	7,352,806	$	25,806,735	$	—	$	33,159,541