Financial Highlights (Tables)

12 Months Ended

Dec. 31, 2025

Financial highlights for the limited partner Classes as a whole for the years ended December 31, 2025, 2024 and 2023 were as follows:


	2025									2024									2023
	Class A			Class D			Class Z			Class A			Class D			Class Z			Class A			Class D			Class Z
Per Redeemable Unit Performance (for a unit outstanding throughout the year): *
Net realized and unrealized gains (losses)	$	(54.95	)	$	(43.54	)	$	(46.10	)	$	(109.05	)	$	(86.70	)	$	(91.26	)	$	(4.80	)	$	7.24		$	0.02
Net investment income (loss)		(18.27	)		(14.52	)		1.20			5.62			4.68			22.25			13.66			(0.26	)		24.22

Increase (decrease) for the year		(73.22	)		(58.06	)		(44.90	)		(103.43	)		(82.02	)		(69.01	)		8.86			6.98			24.24
Net asset value per Redeemable Unit, beginning of year		2,627.20			2,083.28			2,187.95			2,730.63			2,165.30			2,256.96			2,721.77			2,158.32			2,232.72

Net asset value per Redeemable Unit, end of year	$	2,553.98		$	2,025.22		$	2,143.05		$	2,627.20		$	2,083.28		$	2,187.95		$	2,730.63		$	2,165.30		$	2,256.96


	2025									2024									2023
	Class A			Class D			Class Z			Class A			Class D			Class Z			Class A			Class D			Class Z
Ratios to Average Limited Partners’ Capital:
Net investment income (loss) **		(0.7)	%		(0.7)	%		0.1	%		0.2	%		0.2	%		1.1	%		0.5	%		0.0	%		0.9	%

Operating expenses		4.5	%		4.4	%		3.7	%		4.0	%		3.9	%		3.3	%		3.6	%		3.8	%		2.9	%
Incentive fees		-	%		-	%		-	%		0.5	%		0.5	%		0.4	%		0.3	%		0.8	%		0.6	%

Total expenses		4.5	%		4.4	%		3.7	%		4.5	%		4.4	%		3.7	%		3.9	%		4.6	%		3.5	%

Total return:
Total return before incentive fees		(2.8)	%		(2.8)	%		(2.1)	%		(3.3)	%		(3.3)	%		(2.6)	%		0.7	%		1.0	%		1.6	%
Incentive fees		-	%		-	%		-	%		(0.5)	%		(0.5)	%		(0.5)	%		(0.4)	%		(0.7)	%		(0.5)	%

Total return after incentive fees		(2.8)	%		(2.8)	%		(2.1)	%		(3.8)	%		(3.8)	%		(3.1)	%		0.3	%		0.3	%		1.1	%

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

**	Interest income less total expenses.