(9) Financial Highlights

The following financial highlights show the Trust’s financial performance for the three and six-month periods ended June 30, 2012 and 2011. Total return is calculated as the change in a theoretical beneficial owner’s investment over the entire period and is not annualized. Total return is calculated based on the aggregate return of the Trust taken as a whole.

	Class A						Class B						Class A						Class B
	Three months ended						Three months ended						Six months ended						Six months ended
	June 30,						June 30,						June 30,						June 30,
	2012			2011			2012			2011			2012			2011			2012			2011
Per share operating performance:
Net asset value of Trading units, beginning of period	$	86.37		$	96.88		$	92.18		$	101.34		$	91.32		$	100.64		$	96.98		$	104.75
Total Trading income (loss):
Trading gain (loss)		(0.71	)		(2.42	)		(0.76	)		(2.75	)		(3.86	)		(4.07	)		(4.11	)		(4.52	)
Investment income		0.08			0.11			0.09			0.12			0.22			0.24			0.23			0.25
Expenses		(1.81	)		(2.43	)		(1.48	)		(1.84	)		(3.75	)		(4.67	)		(3.07	)		(3.61	)
Trading income (loss)		(2.44	)		(4.74	)		(2.15	)		(4.47	)		(7.39	)		(8.50	)		(6.95	)		(7.88	)
Net asset value of Trading units, end of period	$	83.93		$	92.14		$	90.03		$	96.87		$	83.93		$	92.14		$	90.03		$	96.87

Total return:
Total return before incentive fees		(2.81	%)		(4.75	%)		(2.32	%)		(4.28	%)		(8.09	%)		(8.19	%)		(7.14	%)		(7.29	%)
Less incentive fee allocations		(0.02	%)		(0.14	%)		(0.02	%)		(0.13	%)		(0.01	%)		(0.26	%)		(0.02	%)		(0.24	%)
Total return		(2.83	%)		(4.89	%)		(2.34	%)		(4.41	%)		(8.10	%)		(8.45	%)		(7.16	%)		(7.53	%)

Ratios to average net assets:
Trading income (loss)		(0.75	%)		(4.94	%)		(0.64	%)		(4.68	%)		(4.51	%)		(8.74	%)		(4.48	%)		(7.99	%)
Expenses:
Expenses, less incentive fees		(2.13	%)		(2.40	%)		(1.62	%)		(1.93	%)		(4.34	%)		(4.56	%)		(3.33	%)		(3.56	%)
Incentive fees		(0.02	%)		(0.14	%)		(0.02	%)		(0.13	%)		(0.01	%)		(0.26	%)		(0.02	%)		(0.24	%)
Total expenses		(2.15	%)		(2.54	%)		(1.64	%)		(2.06	%)		(4.35	%)		(4.82	%)		(3.35	%)		(3.80	%)

The calculations above do not include activity within the Trust’s Non-Trading Accounts.

The net income and expense ratios are computed based upon the weighted average net assets for the Trust for the three and six-month periods ended June 30, 2012 and 2011, respectively. The amounts are not annualized.