Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Derivative Instruments Priced at Fair Value Using Unobservable Inputs

During the reporting periods, there were no transfers of assets or liabilities between Level 1 and Level 2.

June 30, 2016	Total		Level 1		Level 2		Level 3
Assets
U.S. Treasury bills	$	15,997,324	$	-	$	15,997,324	$	-
Futures		3,839,879		3,839,879		-		-
Forwards		2,096,970		640,314		1,456,656		-
Total Assets	$	21,934,173	$	4,480,193	$	17,453,980	$	-
Liabilities
Futures	$	1,220,754	$	1,220,754	$	-	$	-
Forwards		2,434,951		1,469,694		965,257		-
Total Liabilities	$	3,655,705	$	2,690,448	$	965,257	$	-
December 31, 2015	Total		Level 1		Level 2		Level 3
Assets
U.S. Treasury bills	$	55,493,206	$	-	$	55,493,206	$	-
Futures		3,831,162		3,831,162		-		-
Forwards		1,168,919		740,942		427,977		-
Total Assets	$	60,493,287	$	4,572,104	$	55,921,183	$	-
Liabilities
Futures	$	2,431,726	$	2,431,726	$	-	$	-
Forwards		1,125,088		954,788		170,300		-
Total Liabilities	$	3,556,814	$	3,386,514	$	170,300	$	-