Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Assets and Liabilities Measured at Fair Value

As of June 30, 2020 and December 31, 2019 and for the periods ended June 30, 2020 and 2019, 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).


June 30, 2020	Total		Level 1		Level 2		Level 3
Assets
Futures	$	761,303	$	761,303	$	-	$	-
Forwards		325,195		-		325,195		-

Total assets	$	1,086,498	$	761,303	$	325,195	$	-

Liabilities
Futures	$	256,232	$	256,232	$	-	$	-
Forwards		388,988		-		388,988		-

Total liabilities	$	645,220	$	256,232	$	388,988	$	-


December 31, 2019	Total		Level 1		Level 2		Level 3
Assets
Futures	$	1,455,308	$	1,455,308	$	-	$	-
Forwards		227,718		-		227,718		-

Total assets	$	1,683,026	$	1,455,308	$	227,718	$	-

Liabilities
Futures	$	805,108	$	805,108	$	-	$	-
Forwards		489,107		-		489,107		-

Total liabilities	$	1,294,215	$	805,108	$	489,107	$	-