Financial Highlights (Tables)

12 Months Ended

Dec. 31, 2025

Financial Highlights for Limited Partner Class

Financial highlights for the limited partner class as a whole for the years ended December 31, were as follows:


	2025				2024				2023
	Class A		Class Z		Class A		Class Z		Class A		Class Z
Per Unit Performance (for a unit outstanding throughout the year):*
Net realized and unrealized gains (losses)	$	(0.66)	$	(0.29)	$	1.56	$	0.67	$	(0.21)	$	(0.09)
Net investment income		0.01		0.10		0.06		0.13		0.20		0.18

Increase (decrease) for the year		(0.65)		(0.19)		1.62		0.80		(0.01)		0.09
Net asset value per Unit, beginning of year		29.69		12.93		28.07		12.13		28.08		12.04

Net asset value per Unit, end of year	$	29.04	$	12.74	$	29.69	$	12.93	$	28.07	$	12.13


	2025						2024						2023
	Class A			Class Z			Class A			Class Z			Class A			Class Z
Ratios to Average Limited Partners’ Capital:
Net investment income **		0.0	%***		0.8	%		0.2	%		1.0	%		0.7	%		1.4	%

Operating expenses		3.5	%		2.7	%		3.5	%		2.7	%		3.4	%		2.6	%
Incentive fees		-	%		-	%		0.7	%		0.7	%		0.1	%		0.1	%

Total expenses		3.5	%		2.7	%		4.2	%		3.4	%		3.5	%		2.7	%

Total return:
Total return before incentive fees		(2.2)	%		(1.5)	%		6.5	%		7.3	%		0.1	%		0.9	%
Incentive fees		-	%		-	%		(0.7)	%		(0.7)	%		(0.1)	%		(0.2)	%

Total return after incentive fees		(2.2)	%		(1.5)	%		5.8	%		6.6	%		-	%		0.7	%

Net investment income (loss) per Unit is calculated by dividing the interest income less total expenses by the average number of Units outstanding during the year. The net realized and unrealized gains (losses) per Unit is a balancing amount necessary to reconcile the change in net asset value per Unit with the other per unit information.

**	Interest income less total expenses.

***	Due to rounding.