Fees

6 Months Ended

Jun. 30, 2013

Fees And Commissions [Abstract]

Fees And Commissions [Text Block]

(3)Fees

Management fees are accrued and paid monthly.  Incentive fees are accrued monthly and paid quarterly.  All trading decisions for the periods covered by these financial statements were made by the Advisors pursuant to the Advisory Agreements.

The Trust pays the Advisors a monthly management fee at a rate of up to 0.167% (a 2.0% annual rate) of the Trust’s month-end net assets, calculated after deduction of brokerage fees but before reduction for any incentive fee or other costs and before inclusion of new unitholder subscriptions and redemptions for the month.  These management fees are not paid on the LLC’s net assets.

The Trust also pays the Advisors a quarterly incentive fee of up to 20% of the “New Trading Profit,” if any, on the portion of the Trust’s net assets managed by a Trading Advisor.  New Trading Profit in any quarter is equal to the “Trading Profit” for such quarter that is in excess of the highest level of such cumulative trading profit as of any previous calendar quarter-end.  Trading Profit is calculated by including realized and unrealized profits and losses, excluding interest income, and deducting the management fee and brokerage fee.