Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Trust's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2013 and year ended December 31, 2012, respectively:

	March 31, 2013
	Level 1		Level 2		Level 3		Total
Assets
Unrealized gain on open contracts:
Futures positions	$	68,980	$	-	$	-	$	68,980
Investment in Global Diversified Managed Futures Portfolio LLC		704,958		-		-		704,958
Purchased options on futures contracts		2,241,647		-		-		2,241,647
Fixed income securities		-		10,771,369		-		10,771,369
Total assets		3,015,585		10,771,369		-		13,786,954

Liabilities
Options written on futures contracts		2,250,804		-		-		2,250,804
Total fair value	$	764,781	$	10,771,369	$	-	$	11,536,150

	December 31, 2012
	Level 1		Level 2		Level 3		Total
Assets
Unrealized gain on open contracts:
Futures positions	$	260,744	$	-	$	-	$	260,744
Purchased options on futures contracts		728,440		-		-		728,440
Fixed income securities		-		11,003,681		-		11,003,681
Total assets		989,184		11,003,681		-		11,992,865

Liabilities
Options written on futures contracts		884,242		-		-		884,242
Total fair value	$	104,942	$	11,003,681	$	-	$	11,108,623