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Note 11: Financial Highlights
9 Months Ended
Sep. 30, 2012
Note 11: Financial Highlights:  
Note 11: Financial Highlights

11.  Financial Highlights

Three Months Ended September 30,

Nine Months Ended September 30,

2012

2011

2012

2011

Performance per unit (1)

Net unit value, beginning of the period

 $       2,816.16

 $       3,710.00

 $       3,219.98

 $       4,231.14

Net realized and unrealized gain (loss) from

investments and foreign currency

             133.98

                96.92

              (46.26)

            (177.86)

Investment income

                  0.31

                  1.54

                  0.89

                  4.19

Expenses

            (111.79)

            (108.10)

            (335.95)

            (357.11)

Net increase (decrease) for the period

                22.50

                (9.64)

            (381.32)

            (530.78)

Net unit value at the end of the period

 $       2,838.66

 $       3,700.36

 $       2,838.66

 $       3,700.36

Net assets at the end of the period ($000)

 $            4,345

 $            7,914

 $            4,345

 $            7,914

Total return before incentive fee (2)

              1.06%

             (0.26%)

           (11.62%)

           (12.54%)

Incentive fee (2)

             (0.26%)

                      -  

             (0.22%)

                      -  

Total return after incentive fee

0.80 %

(0.26)%

(11.84)%

(12.54)%

Number of units outstanding at the end of the period

          1,530.51

          2,138.63

          1,530.51

          2,138.63

Supplemental Data:

Ratio to average net assets

  Net investment (loss) before incentive fee (3)

(14.42)%

(11.98)%

(14.35)%

(12.53)%

  Incentive fee (2)

(0.27)%

0.00 %

(0.25)%

0.00 %

  Net investment (loss) after incentive fee

(14.69)%

(11.98)%

(14.60)%

(12.53)%

 

  Expenses before incentive fee (3)

(14.46)%

(12.15)%

(14.39)%

(12.67)%

  Incentive fee (2)

(0.27)%

0.00 %

(0.25)%

0.00 %

  Expenses after incentive fee

(14.73)%

(12.15)%

(14.64)%

(12.67)%

Total returns are calculated based on the change in value of a unit during the period. An indivdual partner's total returns and ratios may vary from the above total returns and ratios based on the timing of additions and redemptions.

(1) Investment income and expenses and net realized and unrealized gains and losses on futures transactions are calculated based on a single unit outstanding during the period.

(2) Not annualized.

(3) Annualized.