Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Assets and Liabilities Measured at Fair Value

As of September 30, 2019 and December 31, 2018 and for the periods ended September 30, 2019 and 2018, the Partnership did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3).


September 30, 2019	Total		Level 1		Level 2		Level 3
Assets
Futures	$	906,418	$	906,418	$	-	$	-
Forwards		565,907		-		565,907		-

Total assets	$	1,472,325	$	906,418	$	565,907	$	-

Liabilities
Futures	$	1,061,286	$	1,061,286	$	-	$	-
Forwards		376,720		-		376,720		-

Total liabilities	$	1,438,006	$	1,061,286	$	376,720	$	-


December 31, 2018	Total		Level 1		Level 2		Level 3
Assets
Futures	$	1,456,716	$	1,456,716	$	-	$	-
Forwards		623,038		-		623,038		-

Total assets	$	2,079,754	$	1,456,716	$	623,038	$	-

Liabilities
Futures	$	1,122,513	$	1,122,513	$	-	$	-
Forwards		632,108		-		632,108		-

Total liabilities	$	1,754,621	$	1,122,513	$	632,108	$	-