3. Financial Highlights

Financial highlights for the limited partner class for the three and nine months ended September 30, 2015 and 2014 were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Per Unit operating performance:
Net asset value at the beginning of the period:	$	28.83	$	25.18	$	30.18	$	26.48

Net Investment Loss⁽²⁾		(0.42)		(0.36)		(1.32)		(1.23)
Realized/Unrealized Gain/(Loss)		0.47		2.23		0.02		1.80

Net income (loss)		0.05		1.87		(1.30)		0.57


Net asset value at the end of the period:	$	28.88	$	27.05	$	28.88	$	27.05


Ratios to average net assets: ⁽¹⁾
Net Investment Loss⁽²⁾		(5.7)%		(5.6)%		(5.8)%		(6.6)%

Expenses before Incentive Fees		5.7 %		5.6 %		5.8 %		6.6 %
Incentive Fees		0.0 %		0.0 %		0.0 %		0.0 %

Expenses after Incentive Fees		5.7 %		5.6 %		5.8 %		6.6 %


Total return before Incentive Fees		0.2 %		7.4 %		(4.3)%		2.2 %
Incentive Fees		0.0 %		0.0 %		0.0 %		0.0 %

Total return after Incentive Fees		0.2 %		7.4 %		(4.3)%		2.2 %

⁽¹⁾	Annualized (except for incentive fees if applicable).

⁽²⁾	Interest income less total expenses.

The above ratios and total return may vary for individual investors based on the timing of capital transactions during the period. Additionally, these ratios are calculated for the limited partner class using the limited partners’ share of income, expenses and average net assets.