Document and Entity Information
Document and Entity Information | 6 Months Ended |
Jun. 30, 2018shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2018 |
Document Fiscal Year Focus | 2,018 |
Document Fiscal Period Focus | Q2 |
Trading Symbol | CK0001168990 |
Entity Registrant Name | SUPERFUND GREEN, L.P. |
Entity Central Index Key | 1,168,990 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 0 |
STATEMENTS OF ASSETS AND LIABIL
STATEMENTS OF ASSETS AND LIABILITIES - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Due from brokers | $ 2,385,087 | $ 3,146,140 |
Unrealized gain on futures contracts purchased | 184,994 | 304,814 |
Unrealized gain on futures contracts sold | 125,793 | 111,436 |
Cash and cash equivalents | 4,532,058 | 5,559,722 |
Other assets | 3,043 | |
Total assets | 7,230,975 | 9,122,112 |
LIABILITIES | ||
Unrealized loss on futures contracts purchased | 136,043 | 103,106 |
Unrealized loss on futures contracts sold | 93,854 | 99,629 |
Redemptions payable | 28,053 | 166,865 |
Management fee payable | 10,829 | 13,794 |
Fees payable | 1,005 | 2,766 |
Total liabilities | 269,784 | 386,160 |
NET ASSETS | 6,961,191 | 8,735,952 |
SERIES A | ||
ASSETS | ||
Due from brokers | 674,689 | 1,224,817 |
Unrealized gain on futures contracts purchased | 28,411 | 79,285 |
Unrealized gain on futures contracts sold | 30,641 | 28,065 |
Cash and cash equivalents | 1,679,244 | 2,058,246 |
Other assets | 3,043 | |
Total assets | 2,416,028 | 3,390,413 |
LIABILITIES | ||
Unrealized loss on futures contracts purchased | 19,163 | 25,178 |
Unrealized loss on futures contracts sold | 18,309 | 29,848 |
Redemptions payable | 3,342 | 27,170 |
Management fee payable | 3,679 | 5,159 |
Fees payable | 298 | 670 |
Total liabilities | 44,791 | 88,025 |
NET ASSETS | $ 2,371,237 | $ 3,302,388 |
Number of Units | 2,315.349 | 3,002.761 |
Net asset value per Unit | $ 1,024.14 | $ 1,099.78 |
SERIES B | ||
ASSETS | ||
Due from brokers | $ 1,710,398 | $ 1,921,323 |
Unrealized gain on futures contracts purchased | 156,583 | 225,529 |
Unrealized gain on futures contracts sold | 95,152 | 83,371 |
Cash and cash equivalents | 2,852,814 | 3,501,476 |
Total assets | 4,814,947 | 5,731,699 |
LIABILITIES | ||
Unrealized loss on futures contracts purchased | 116,880 | 77,928 |
Unrealized loss on futures contracts sold | 75,545 | 69,781 |
Redemptions payable | 24,711 | 139,695 |
Management fee payable | 7,150 | 8,635 |
Fees payable | 707 | 2,096 |
Total liabilities | 224,993 | 298,135 |
NET ASSETS | $ 4,589,954 | $ 5,433,564 |
Number of Units | 3,764.304 | 3,995.325 |
Net asset value per Unit | $ 1,219.34 | $ 1,359.98 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||
Investment Income | |||||
Interest income | $ 2,135 | $ 6,674 | $ 4,172 | $ 10,394 | |
Other income | 289 | 535 | 307 | 6,151 | |
Total investment income | 2,424 | 7,209 | 4,479 | 16,545 | |
Expenses | |||||
Selling commission | 72,696 | 84,275 | 160,103 | 172,525 | |
Management fee | 33,622 | 38,977 | 74,048 | 79,793 | |
Operating expenses | 2,726 | 3,160 | 6,004 | 6,470 | |
Other | 201 | 6,316 | 884 | 12,720 | |
Total expenses | 109,245 | 132,728 | 241,039 | 271,508 | |
Net investment loss | (106,821) | (125,519) | (236,560) | (254,963) | |
Realized and unrealized gain (loss) on investments | |||||
Net change in realized gain (loss) on futures and forward contracts | (373,172) | 434,156 | (271,655) | 815,697 | |
Net change in realized gain (loss) on investments in securities | 1,085 | 1,553 | |||
Net change in unrealized appreciation (depreciation) on futures and forward contracts | (45,915) | (320,204) | (132,627) | (261,432) | |
Net change in unrealized appreciation (depreciation) on investments in securities | (375) | ||||
Brokerage commissions | (41,197) | (34,550) | (77,845) | (74,266) | |
Net gain (loss) on investments | (459,574) | 79,402 | (480,574) | 479,999 | |
Net increase (decrease) in net assets from operations | (566,395) | (46,117) | (717,134) | 225,036 | |
SERIES A | |||||
Investment Income | |||||
Interest income | 814 | 2,525 | 1,656 | 4,147 | |
Other income | 77 | 501 | 81 | 3,500 | |
Total investment income | 891 | 3,026 | 1,737 | 7,647 | |
Expenses | |||||
Selling commission | 24,587 | 34,144 | 57,988 | 70,377 | |
Management fee | 11,371 | 15,792 | 26,819 | 32,550 | |
Operating expenses | 922 | 1,280 | 2,175 | 2,639 | |
Other | 199 | 2,033 | 338 | 4,887 | |
Total expenses | 37,079 | 53,249 | 87,320 | 110,453 | |
Net investment loss | (36,188) | (50,223) | (85,583) | (102,806) | |
Realized and unrealized gain (loss) on investments | |||||
Net change in realized gain (loss) on futures and forward contracts | (98,437) | 123,153 | (45,663) | 252,754 | |
Net change in realized gain (loss) on investments in securities | 310 | 443 | |||
Net change in unrealized appreciation (depreciation) on futures and forward contracts | (18,729) | (100,028) | (30,745) | (87,509) | |
Net change in unrealized appreciation (depreciation) on investments in securities | (107) | ||||
Brokerage commissions | (10,002) | (10,022) | (19,593) | (22,142) | |
Net gain (loss) on investments | (126,965) | 13,103 | (95,558) | 143,103 | |
Net increase (decrease) in net assets from operations | $ (163,153) | $ (37,120) | $ (181,141) | $ 40,297 | |
Net increase (decrease) in net assets from operations per unit (based upon weighted average number of units outstanding during period) | [1] | $ (69.78) | $ (10.94) | $ (70.71) | $ 11.82 |
Net increase (decrease) in net assets from operations per unit (based upon changes in net assets value per unit during the period) | $ (69.95) | $ (11.13) | $ (75.64) | $ 10.17 | |
SERIES B | |||||
Investment Income | |||||
Interest income | $ 1,321 | $ 4,149 | $ 2,516 | $ 6,247 | |
Other income | 212 | 34 | 226 | 2,651 | |
Total investment income | 1,533 | 4,183 | 2,742 | 8,898 | |
Expenses | |||||
Selling commission | 48,109 | 50,131 | 102,115 | 102,148 | |
Management fee | 22,251 | 23,185 | 47,229 | 47,243 | |
Operating expenses | 1,804 | 1,880 | 3,829 | 3,831 | |
Other | 2 | 4,283 | 546 | 7,833 | |
Total expenses | 72,166 | 79,479 | 153,719 | 161,055 | |
Net investment loss | (70,633) | (75,296) | (150,977) | (152,157) | |
Realized and unrealized gain (loss) on investments | |||||
Net change in realized gain (loss) on futures and forward contracts | (274,735) | 311,003 | (225,992) | 562,943 | |
Net change in realized gain (loss) on investments in securities | 775 | 1,110 | |||
Net change in unrealized appreciation (depreciation) on futures and forward contracts | (27,186) | (220,176) | (101,882) | (173,923) | |
Net change in unrealized appreciation (depreciation) on investments in securities | (268) | ||||
Brokerage commissions | (31,195) | (24,528) | (58,252) | (52,124) | |
Net gain (loss) on investments | (332,609) | 66,299 | (385,016) | 336,896 | |
Net increase (decrease) in net assets from operations | $ (403,242) | $ (8,997) | $ (535,993) | $ 184,739 | |
Net increase (decrease) in net assets from operations per unit (based upon weighted average number of units outstanding during period) | [2] | $ (105.59) | $ (1.97) | $ (139.67) | $ 40.13 |
Net increase (decrease) in net assets from operations per unit (based upon changes in net assets value per unit during the period) | $ (106.22) | $ (2.50) | $ (140.64) | $ 37.76 | |
[1] | Weighted average number of Units outstanding for Series A for the Three Months Ended June 30, 2018 and June 30, 2017: 2,338.25 and 3,393.11, respectively; and for the Six Months Ended June 30th 2018 and June 30th 2017: 2,561.59 and 3,407.81, respectively. | ||||
[2] | Weighted average number of Units outstanding for Series B for the Three Months Ended June 30, 2018 and June 30, 2017: 3,819.10 and 4,562.72, respectively; and for the Six Months Ended June 30th 2018 and June 30th 2017: 3,837.50 and 4,603.57, respectively. |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash flows from operating activities | ||
Net increase (decrease) in net assets from operations | $ (717,134) | $ 225,036 |
Changes in operating assets and liabilities: | ||
Increase (decrease) in due from brokers | 761,053 | (149,154) |
Increase in unrealized appreciation on open forward contracts | 4,101 | |
Increase in futures contracts purchased | 152,757 | 191,882 |
Decrease in unrealized depreciation on open forward contracts | (7,406) | |
Increase (decrease) in futures contracts sold | (20,132) | 72,856 |
Increase in other assets | (3,043) | |
Decrease in management fee payable | (2,965) | (2,719) |
Decrease in fees payable | (1,761) | (5,685) |
Net cash and cash equivalent provided by (used in) operating activities | 168,775 | 328,911 |
Cash flows from financing activities | ||
Subscriptions | 156,415 | 161,681 |
Redemptions, net of change in redemptions payable | (1,352,854) | (2,140,677) |
Net cash and cash equivalent used in financing activities | (1,196,439) | (1,978,996) |
Net increase (decrease) in cash and cash equivalent | (1,027,664) | (1,650,085) |
Cash and cash equivalent, beginning of period | 5,559,722 | 4,768,586 |
Cash and cash equivalent, end of period | 4,532,058 | 3,118,501 |
Supplemental cash flow disclosures Redemption payable | 28,053 | 235,160 |
SERIES A | ||
Cash flows from operating activities | ||
Net increase (decrease) in net assets from operations | (181,141) | 40,297 |
Changes in operating assets and liabilities: | ||
Increase (decrease) in due from brokers | 550,128 | 262,899 |
Increase in unrealized appreciation on open forward contracts | 2,769 | |
Increase in futures contracts purchased | 44,859 | 61,883 |
Decrease in unrealized depreciation on open forward contracts | (5,788) | |
Increase (decrease) in futures contracts sold | (14,115) | 28,645 |
Increase in other assets | (3,043) | |
Decrease in management fee payable | (1,480) | (2,274) |
Decrease in fees payable | (372) | (3,737) |
Net cash and cash equivalent provided by (used in) operating activities | 394,836 | 384,694 |
Cash flows from financing activities | ||
Subscriptions | 57,797 | 66,025 |
Redemptions, net of change in redemptions payable | (831,635) | (1,573,596) |
Net cash and cash equivalent used in financing activities | (773,838) | (1,507,571) |
Net increase (decrease) in cash and cash equivalent | (379,002) | (1,122,877) |
Cash and cash equivalent, beginning of period | 2,058,246 | 2,648,829 |
Cash and cash equivalent, end of period | 1,679,244 | 1,525,952 |
Supplemental cash flow disclosures Redemption payable | 3,342 | 79,400 |
SERIES B | ||
Cash flows from operating activities | ||
Net increase (decrease) in net assets from operations | (535,993) | 184,739 |
Changes in operating assets and liabilities: | ||
Increase (decrease) in due from brokers | 210,925 | (412,053) |
Increase in unrealized appreciation on open forward contracts | 1,332 | |
Increase in futures contracts purchased | 107,898 | 129,999 |
Decrease in unrealized depreciation on open forward contracts | (1,618) | |
Increase (decrease) in futures contracts sold | (6,017) | 44,211 |
Decrease in management fee payable | (1,485) | (445) |
Decrease in fees payable | (1,389) | (1,948) |
Net cash and cash equivalent provided by (used in) operating activities | (226,061) | (55,783) |
Cash flows from financing activities | ||
Subscriptions | 98,618 | 95,656 |
Redemptions, net of change in redemptions payable | (521,219) | (567,081) |
Net cash and cash equivalent used in financing activities | (422,601) | (471,425) |
Net increase (decrease) in cash and cash equivalent | (648,662) | (527,208) |
Cash and cash equivalent, beginning of period | 3,501,476 | 2,119,757 |
Cash and cash equivalent, end of period | 2,852,814 | 1,592,549 |
Supplemental cash flow disclosures Redemption payable | $ 24,711 | $ 155,760 |
STATEMENTS OF OPERATIONS (Paren
STATEMENTS OF OPERATIONS (Parenthetical) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
SERIES A | ||||
Weighted average number of Units outstanding | 2,338.25 | 3,393.11 | 2,561.59 | 3,407.81 |
SERIES B | ||||
Weighted average number of Units outstanding | 3,819.10 | 4,562.72 | 3,837.50 | 4,603.57 |
Nature of operations
Nature of operations | 6 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of operations | 1. Nature of operations Organization and Business Superfund Green, L.P. (the “Fund”), a Delaware limited partnership, commenced operations on November 5, 2002. The Fund was organized to trade speculatively in the United States (“U.S.”) and international commodity futures and forward markets using a fully-automated computerized trading system. The Fund has issued two classes of units (“Units”), Series A and Series B (each, a “Series”). The two Series are traded and managed the same way except for the degree of leverage. The terms of Series A and Series B each shall continue until December 31, 2050, unless the applicable Series is terminated earlier by the Fund’s general partner, Superfund Capital Management, Inc. (“Superfund Capital Management”) or by operation of law or a decline in the aggregate net assets of such Series to less than $500,000. |
Basis of presentation and signi
Basis of presentation and significant accounting policies | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of presentation and significant accounting policies | 2. Basis of presentation and significant accounting policies Basis of Presentation The unaudited financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the U.S. (“U.S. GAAP”) with respect to the Form 10-Q 10-K Valuation of Investments in Futures Contracts, Forward Contracts, and U.S. Treasury Bills All commodity interests (including derivative financial instruments and derivative commodity instruments) are used for trading purposes. The commodity interests are recorded on a trade date basis and open contracts are recorded in the statements of assets and liabilities at fair value on the last business day of the period, which represents market value for those commodity interests for which market quotes are readily available. Exchange-traded futures contracts are valued at settlement prices published by the recognized exchange. Any spot and forward foreign currency contracts held by the Fund will be valued at published settlement prices from the recognized exchange. The Fund uses the fair value method for valuing its U.S. Treasury Bills; this portfolio is classified within Level 2 of the fair value hierarchy. We use quoted prices from active markets in valuing the U.S. Treasury Bills. Cash Translation of Foreign Currency The Fund maintains cash deposits with financial institutions in amounts that are in excess of the coverage limits adopted by the Federal Deposit Insurance Corporation. The Fund does not however, believe it is exposed to significant credit risk on these holdings. Cash equivalents include short term highly liquid investments of sufficient credit quality such as treasury bills that are readily convertible to known amounts of cash and have original maturities of three months or less. Assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the period-end exchange rates. The Fund does not isolate that portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in net realized and unrealized gain (loss) on investments in the statements of operations. Investment Transactions, Investment Income and Expenses Investment transactions are accounted for on a trade-date basis. Interest income and expenses are recognized on the accrual basis. Operating expenses of the Fund are allocated to each Series in proportion to the net asset value of the Series at the beginning of each month. Expenses directly attributable to a particular Series are charged directly to that Series. Gains or losses are realized when contracts are liquidated. Unrealized gains and losses on open contracts (the difference between contract trade price and market price) are reported in the statement of assets and liabilities as gross unrealized gain or loss, and any change in that amount from the prior period is reflected in the accompanying statement of operations. There exists a right of offset of unrealized gains or losses in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 210-20, Offsetting Set forth herein are instruments and transactions eligible for offset in the Statements of Assets and Liabilities and which are subject to derivative clearing agreements with the Fund’s futures commission merchants. Each futures commission merchant nets margin held on behalf of each Series of the Fund or payment obligations of the futures commission merchant to each Series against any payment obligations of that Series to the futures commission merchant. Each Series is required to deposit margin at each futures commission merchant to meet the original and maintenance requirements established by that futures commission merchant, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each futures commission merchant a security interest in this margin to secure any liabilities owed to the futures commission merchant arising from a default by the Series. As of December 31, 2017, Series A had on deposit $617,702 at ADM Investor Services, Inc., $3,238 at Merrill Lynch, Pierce, Fenner & Smith Inc. and $603,815 at INTL FC Stone International Inc. As of December 31, 2017, Series B had on deposit $901,753 at ADM Investor Services, Inc., $4,597 at Merrill Lynch, Pierce, Fenner & Smith Inc. and $1,014,782 at INTL FC Stone International Inc. As of June 30, 2018, the Fund had on deposit $1,269,193 at ADM Investor Services, Inc. and $1,115,894 at INTL FC Stone Financial Inc. As of June 30, 2018, Series A had on deposit $430,033 at ADM Investor Services, Inc. and $244,656 at INTL FC Stone Financial Inc. As of June 30, 2018, Series B had on deposit $839,160 at ADM Investor Services, Inc. and $871,238 at INTL FC Stone Financial Inc. Income Taxes The Fund does not record a provision for U.S. income taxes because the partners report their share of the Fund’s income or loss on their returns. The financial statements reflect the Fund’s transactions without adjustment, if any, required for income tax purposes. Superfund Capital Management has evaluated the application of ASC Topic 740, Income Taxes Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires Superfund Capital Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Recently Issued Accounting Pronouncements ASU 2016-01 In January 2016, FASB issued Accounting Standard Update No. 2016-01, Financial (Subtopic 825-10) Recognition Liabilities (“ASU 2016-01”). The amendments in ASU 2016-01 affect any adopted ASU 2016-01 as of |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 3. Fair Value Measurements The Fund follows ASC 820, Fair Value Measurements and Disclosures Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly; Level 3: Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In determining fair value, the Fund separates its financial instruments into two categories: U.S. government securities and derivative contracts. U.S. Government Securities. Derivative Contracts. over-the-counter OTC derivatives are valued using market transactions and other market evidence whenever possible, including market-based inputs to models, model calibration to market-clearing transactions, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency. Where models are used, the selection of a particular model to value an OTC derivative depends upon the contractual terms of, and specific risks inherent in, the instrument as well as the availability of pricing information in the market. For OTC derivatives that trade in liquid markets, such as generic forwards and swaps, model inputs can generally be verified and model selection does not involve significant management judgment. The OTC derivatives held by the Fund may include forwards and swaps. Spot and forward foreign currency contracts held by the Fund are valued at published daily settlement prices or at dealers’ quotes. The Fund’s forward and swap positions are typically classified within Level 2 of the fair value hierarchy. Certain OTC derivatives trade in less liquid markets with limited pricing information, and the determination of fair value for these derivatives is inherently more difficult. Such instruments are classified within Level 3 of the fair value hierarchy. Where the Fund does not have corroborating market evidence to support significant model inputs and cannot verify the model to market transactions, transaction price is initially used as the best estimate of fair value. Accordingly, when a pricing model is used to value such an instrument, the model is adjusted so that the model value at inception equals the transaction price. The valuations of these less liquid OTC derivatives are typically based on Level 1 and/or Level 2 inputs that can be observed in the market, as well as unobservable Level 3 inputs. Level 3 inputs are changed only when corroborated by evidence such as similar market transactions, third-party pricing services and/or broker or dealer quotations, or other empirical market data. In circumstances in which the Fund cannot verify the model value to market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. The Fund attempts to avoid holding less liquid OTC derivatives. However, once held, the market for any particular derivative contract could become less liquid during the holding period. There was no Level 3 holdings at June 30, 2018 and December 31, 2017 or during the period then ended. The following table summarizes the valuation of the Fund’s assets and liabilities by the ASC 820 fair value hierarchy as of June 30, 2018 and December 31, 2017: Superfund Green, L.P. Balance June 30, 2018 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 125,793 $ 125,793 $ — $ — Futures contracts purchased 184,994 184,994 — — Total Assets Measured at Fair Value $ 310,787 $ 310,787 $ — $ — LIABILITIES Futures contracts sold $ 93,854 $ 93,854 $ — $ — Futures contracts purchased 136,043 136,043 — — Total Liabilities Measured at Fair Value $ 229,897 $ 229,897 $ — $ — Balance December 31, 2017 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 111,436 $ 111,436 $ — $ — Futures contracts purchased 304,814 304,814 — — Total Assets Measured at Fair Value $ 416,250 $ 416,250 $ — $ — LIABILITIES Futures contracts sold $ 99,629 $ 99,629 $ — $ — Futures contracts purchased 103,106 103,106 — — Total Liabilities Measured at Fair Value $ 202,735 $ 202,735 $ — $ — Superfund Green, L.P. - Series A Balance June 30, 2018 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 30,641 $ 30,641 $ — $ — Futures contracts purchased 28,411 28,411 — — Total Assets Measured at Fair Value $ 59,052 $ 59,052 $ — $ — LIABILITIES Futures contracts sold $ 18,309 $ 18,309 $ — $ — Futures contracts purchased 19,163 19,163 — — Total Liabilities Measured at Fair Value $ 37,472 $ 37,472 $ — $ — Balance December 31, 2017 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 28,065 $ 28,065 $ — $ — Futures contracts purchased 79,285 79,285 — — Total Assets Measured at Fair Value $ 107,350 $ 107,350 $ — $ — LIABILITIES Futures contracts sold $ 29,848 $ 29,848 $ — $ — Futures contracts purchased 25,178 25,178 — — Total Liabilities Measured at Fair Value $ 55,026 $ 55,026 $ — $ — Superfund Green, L.P. - Series B Balance June 30, 2018 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 95,152 $ 95,152 $ — $ — Futures contracts purchased 156,583 156,583 — — Total Assets Measured at Fair Value $ 251,735 $ 251,735 $ — $ — LIABILITIES Futures contracts sold $ 75,545 $ 75,545 $ — $ — Futures contracts purchased 116,880 116,880 — — Total Liabilities Measured at Fair Value $ 192,425 $ 192,425 $ — $ — Balance December 31, 2017 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 83,371 $ 83,371 $ — $ — Futures contracts purchased 225,529 225,529 — — Total Assets Measured at Fair Value $ 308,900 $ 308,900 $ — $ — LIABILITIES Futures contracts sold $ 69,781 $ 69,781 $ — $ — Futures contracts purchased 77,928 77,928 — — Total Liabilities Measured at Fair Value $ 147,709 $ 147,709 $ — $ — |
Disclosure of derivative instru
Disclosure of derivative instruments and hedging activities | 6 Months Ended |
Jun. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Disclosure of derivative instruments and hedging activities | 4. Disclosure of derivative instruments and hedging activities The Fund follows ASC 815, Disclosures about Derivative Instruments and Hedging Activities Derivative instruments held by the Fund do not qualify as derivative instruments held as hedging instruments, as defined in ASC 815. Instead, the Fund includes derivative instruments in its trading activity. Per the requirements of ASC 815, the Fund discloses the gains and losses on its trading activities for both derivative and non derivative instruments in the Statements of Operations. The Fund engages in the speculative trading of futures contracts in a wide range of commodities, including equity markets, interest rates, food and fiber, energy, livestock, and metals. ASC 815 requires entities to recognize all derivatives instruments as either assets or liabilities at fair value in the statement of financial position. Investments in commodity futures contracts are recorded in the statements of assets and liabilities as unrealized appreciation or depreciation on futures contracts purchased and futures contracts sold. Since the derivatives held or sold by the Fund are for speculative trading purposes, the derivative instruments are not designated as hedging instruments under the provisions of ASC 815. Accordingly, all realized gains and losses, as well as any change in net unrealized gains or losses on open positions from the preceding period, are recognized as part of the Fund’s realized and change in unrealized gain (loss) on investments in the Statements of Operations. Information concerning the fair value of the Fund’s derivatives held long or sold short, as well as information related to the annual average volume of the Fund’s derivative activity, is as follows: Superfund Green, L.P. The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives Liability Derivatives Net Futures contracts Futures contracts purchased $ 184,994 $ (136,043 ) $ 48,951 Futures contracts Futures contracts sold 125,793 (93,854 ) 31,939 Totals $ 310,787 $ (229,897 ) $ 80,890 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives Liability Derivatives Net Futures contracts Futures contracts purchased $ 304,814 $ (103,106 ) $ 201,708 Futures contracts Futures contracts sold 111,436 (99,629 ) 11,807 Totals $ 416,250 $ (202,735 ) $ 213,515 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 73,339 $ — $ — $ 73,339 INTL FCStone 7,551 — — 7,551 Totals $ 80,890 $ — $ — $ 80,890 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 98,331 $ — $ — $ 98,331 INTL FCStone 115,184 — — 115,184 Totals $ 213,515 $ — $ — $ 213,515 Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) in Income Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (28,115 ) $ — Futures contracts Realized and change in unrealized loss on futures and forward contracts (345,057 ) (45,915 ) Total $ (373,172 ) $ (45,915 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) on Derivatives Recognized in Income Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (26,428 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (245,227 ) (132,627 ) Total $ (271,655 ) $ (132,627 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (40,183 ) $ 17,128 Futures contracts Realized and change in unrealized loss on futures and forward contracts 474,339 (337,332 ) Total $ 434,156 $ (320,204 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (196 ) $ 3,306 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 815,893 (264,738 ) Total $ 815,697 $ (261,432 ) Superfund Green, L.P. gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 31, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 20,470 0.3 $ (1,531 ) 0.0 * $ 7,319 0.1 $ (8,640 ) (0.1 ) $ 17,618 Financial 86,037 1.2 (380 ) 0.0 * 8,648 0.1 (28,781 ) (0.4 ) 65,524 Food & Fiber 15,436 0.2 (31,751 ) (0.5 ) 12,698 0.2 (7,398 ) (0.1 ) (11,015 ) Indices 11,344 0.2 (66,541 ) (1.0 ) 12,344 0.2 (14,680 ) (0.2 ) (57,533 ) Metals — — (35,840 ) (0.5 ) 82,684 1.2 (387 ) 0.0 * 46,457 Livestock 3,538 0.1 — — — — (11,560 ) (0.2 ) (8,022 ) Energy 48,169 0.7 — — 2,100 0.0 * (22,408 ) (0.3 ) 27,861 Totals $ 184,994 2.7 $ (136,043 ) (2.0 ) $ 125,793 1.8 $ (93,854 ) (1.3 ) $ 80,890 * Due to rounding – amount is less than 0.05% As of December 31, 2017 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gain (Loss) on Open Positions Currency $ 51,395 0.6 $ — — $ 18,884 0.2 $ (5,224 ) (0.1 ) $ 65,055 Financial 5,595 0.1 (62,302 ) (0.7 ) 29,936 0.3 (4,437 ) (0.1 ) (31,208 ) Food & Fiber 713 0.0 * (16,279 ) (0.2 ) 36,826 0.4 (37,642 ) (0.4 ) (16,382 ) Indices 102,526 1.2 (24,527 ) (0.3 ) 23,260 0.3 (5,075 ) (0.1 ) 96,184 Metals 77,460 0.9 — — 463 0.0 * (8,281 ) (0.1 ) 69,642 Livestock — — — — 340 0.0 * — — 340 Energy 67,127 0.8 — — 1,730 0.0 * (38,973 ) (0.4 ) 29,884 Totals $ 304,816 3.5 $ (103,108 ) (1.2 ) $ 111,439 1.3 $ (99,632 ) (1.2 ) $ 213,515 * Due to rounding – amount is less than 0.05% Superfund Green L.P. monthly contract volume: For the three months ended June 30, 2018, the monthly average futures and forward contracts bought were 1,419 and the monthly average futures and forward contracts sold were 973. For the six months ended June 30, 2018, the monthly average futures and forward contracts bought were 1,419 and the monthly average futures and forward contracts sold were 844. For the three months ended June 30, 2017, the monthly average futures contracts bought was 1,757 and the monthly average futures contracts sold was 324. For the six months ended June 30, 2017 the monthly average futures contracts bought was 1,696 and the monthly average futures and forward contracts sold were 533. Superfund Green, L.P. trading results by market sector: For the Three Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (28,115 ) $ — $ (28,115 ) Currency (226,717 ) 62,181 (164,536 ) Energy (26,941 ) 28,017 1,076 Financial 159,348 (95,599 ) 63,749 Food & Fiber (125,846 ) (48,656 ) (174,502 ) Indices (48,045 ) (41,709 ) (89,754 ) Livestock 20,670 (32,962 ) (12,292 ) Metals (97,526 ) 82,813 (14,713 ) Total net trading gains $ (373,172 ) $ (45,915 ) $ (419,087 ) For the Six Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (26,428 ) $ — $ (26,428 ) Currency (78,106 ) (47,438 ) (125,544 ) Energy 2,280 (2,021 ) 259 Financial 357,676 96,731 454,407 Food & Fiber (300,622 ) 5,366 (295,256 ) Indices (186,213 ) (153,717 ) (339,930 ) Livestock 18,730 (8,362 ) 10,368 Metals (58,972 ) (23,186 ) (82,158 ) Total net trading losses $ (271,655 ) $ (132,627 ) $ (404,282 ) For the Three Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (40,183 ) $ 17,128 $ (23,055 ) Currency (79,773 ) 75,760 (4,013 ) Energy (183,631 ) (49,869 ) (233,500 ) Financial 37,159 (154,468 ) (117,309 ) Food & Fiber 101,616 (95,904 ) 5,712 Indices 697,066 (127,678 ) 569,388 Livestock 43,380 1,720 45,100 Metals (141,478 ) 13,107 (128,371 ) Total net trading gains $ 434,156 $ (320,204 ) $ 113,952 For the Six Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (196 ) $ 3,306 $ 3,110 Currency (189,677 ) 61,266 (128,411 ) Financial 15,823 (173,551 ) (157,728 ) Food & Fiber (31,761 ) (20,917 ) (52,678 ) Indices 1,420,267 (112,495 ) 1,307,772 Metals (75,999 ) (10,869 ) (86,868 ) Livestock (15,180 ) 48,730 33,550 Energy (307,580 ) (56,902 ) (364,482 ) Total net trading losses $ 815,697 $ (261,432 ) $ 554,265 Superfund Green, L.P. - Series A The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 28,411 $ (19,163 ) $ 9,248 Futures contracts Futures contracts sold 30,641 (18,309 ) 12,332 Totals $ 59,052 $ (37,472 ) $ 21,580 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 79,285 $ (25,178 ) $ 54,107 Futures contracts Futures contracts sold 28,065 (29,848 ) (1,783 ) Totals $ 107,350 $ (55,026 ) $ 52,324 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 18,158 $ — $ — $ 18,158 INTL FCStone 3,422 — — 3,422 Totals $ 21,580 $ — $ — $ 21,580 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 19,389 $ — $ — $ 19,389 INTL FCStone 32,935 — — 32,935 Totals $ 52,324 $ — $ — $ 52,324 Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) in Income Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (6,182 ) $ — Futures contracts Realized and change in unrealized gain on futures and forward contracts (92,255 ) (18,729 ) Total $ (98,437 ) $ (18,729 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (6,753 ) $ Futures contracts Realized and change in unrealized loss on futures and forward contracts (38,910 ) (30,745 ) Total $ (45,663 ) $ (30,745 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (7,805 ) $ 1,607 Futures contracts Realized and change in unrealized gain on futures and forward contracts 130,958 (101,635 ) Total $ 123,153 $ (100,028 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ 2,510 $ 3,019 Futures contracts Realized and change in unrealized loss on futures and forward contracts 250,244 (90,528 ) Total $ 252,754 $ (87,509 ) Superfund Green, L.P. – Series A gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 31, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 5,465 0.2 $ — — $ 2,150 0.1 $ (774 ) 0.0 * $ 6,841 Financial 15,852 0.7 — — 2,250 0.1 (6,457 ) (0.3 ) 11,645 Food & Fiber 3,978 0.2 (7,341 ) (0.3 ) 3,098 0.1 (1,510 ) (0.1 ) (1,775 ) Indices 1,166 0.0 * (11,487 ) (0.5 ) 5,233 0.2 (1,632 ) (0.1 ) (6,720 ) Metals — — (335 ) 0.0 * 17,210 0.7 — — 16,875 Energy 1,950 0.1 — — 700 0.0 * (5,796 ) (0.2 ) (3,146 ) Livestock — — — — — — (2,140 ) (0.1 ) (2,140 ) Totals $ 28,411 1.2 $ (19,163 ) (0.8 ) $ 30,641 1.2 $ (18,309 ) (0.8 ) $ 21,580 * Due to rounding – amount is less than 0.05% As of December 31, 2017 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 14,668 0.4 $ — — $ 4,979 0.2 $ (1,113 ) (0.0 )* $ 18,534 Financial 1,865 0.1 (17,466 ) (0.5 ) 8,110 0.2 — — (7,491 ) Food & Fiber 237 0.0 * (4,330 ) (0.1 ) 8,673 0.3 (12,523 ) (0.4 ) (7,943 ) Indices 26,872 0.8 (3,382 ) (0.1 ) 6,303 0.2 (1,285 ) (0.0 )* 28,508 Metals 19,225 0.6 — — — — (2,365 ) (0.1 ) 16,860 Energy 16,418 0.5 — — — — (12,562 ) (0.4 ) 3,856 Totals $ 79,285 2.4 $ (25,178 ) (0.7 ) $ 28,065 0.9 $ (29,848 ) (0.9 ) $ 52,324 * Due to rounding – amount is less than 0.05% Series A monthly contract volume: For the three months ended June 30, 2018, the monthly average futures and forward contracts bought were 350 and the monthly average futures and forward contracts sold were 234. For the six months ended June 30, 2018, the monthly average futures and forward contracts bought were 356 and the monthly average futures and forward contracts sold were 216. For the three months ended June 30, 2017, the monthly average futures and forward contracts bought were 517 and the monthly average futures and forward contracts sold were 91. For the six months ended June 30, 2017, the monthly average futures and forward contracts bought were 505 and the monthly average futures and forward contracts sold were 165. Series A trading results by market sector: For the Three Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (6,182 ) $ — $ (6,182 ) Currency (52,355 ) 15,256 (37,099 ) Energy (24,431 ) (678 ) (25,109 ) Financial 45,650 (25,789 ) 19,861 Food & Fiber (30,358 ) (14,131 ) (44,489 ) Indices (20,301 ) (10,878 ) (31,179 ) Livestock 6,280 (6,640 ) (360 ) Metals (16,740 ) 24,131 7,391 Total net trading gains (losses) $ (98,437 ) $ (18,729 ) $ (117,166 ) For the Six Months Ended June 30, 2018 Net Realized Gain (Losses) Change in Net Unrealized Gain (Losses) Net Trading Gains (Losses) Foreign Exchange $ (6,753 ) $ — $ (6,753 ) Currency (5,998 ) (11,694 ) (17,692 ) Energy (18,318 ) (7,000 ) (25,318 ) Financial 97,962 19,136 117,098 Food & Fiber (83,417 ) 6,167 (77,250 ) Indices (27,849 ) (35,228 ) (63,077 ) Livestock 6,640 (2,140 ) 4,500 Metals (7,930 ) 14 (7,916 ) Total net trading gains (losses) $ (45,663 ) $ (30,745 ) $ (76,408 ) For the Three Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (7,805 ) $ 1,607 $ (6,198 ) Currency (23,574 ) 19,213 (4,361 ) Energy (32,183 ) (15,656 ) (47,839 ) Financial 5,223 (42,165 ) (36,942 ) Food & Fiber 28,295 (32,456 ) (4,161 ) Indices 175,206 (31,076 ) 144,130 Livestock 12,730 (390 ) 12,340 Metals (34,739 ) 895 (33,844 ) Total net trading gains (losses) $ 123,153 $ (100,028 ) $ 23,125 For the Six Months Ended June 30, 2017 Net Realized Gain (Losses) Change in Net Unrealized Gain (Losses) Net Trading Gains (Losses) Foreign Exchange $ 2,510 $ 3,019 $ 5,529 Currency (58,475 ) 17,495 (40,980 ) Financial 1,084 (54,174 ) (53,090 ) Food & Fiber (9,438 ) (11,604 ) (21,042 ) Indices 399,815 (40,500 ) 359,315 Metals (23,187 ) (5,331 ) (28,518 ) Livestock (7,570 ) 18,890 11,320 Energy (51,985 ) (15,304 ) (67,289 ) Total net trading gains (losses) $ 252,754 $ (87,509 ) $ 165,245 Superfund Green, L.P. – Series B The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 156,583 $ (116,880 ) $ 39,703 Futures contracts Futures contracts sold 95,152 (75,545 ) 19,607 Totals $ 251,735 $ (192,425 ) $ 59,310 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 225,529 $ (77,928 ) $ 147,601 Futures contracts Futures contracts sold 83,371 (69,781 ) 13,590 Totals $ 308,900 $ (147,709 ) $ 161,191 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 55,181 $ — $ — $ 55,181 INTL FCStone 4,129 — — 4,129 Totals $ 59,310 $ — $ — $ 59,310 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 78,942 $ — $ — $ 78,942 INTL FCStone 82,249 — — 82,249 Totals $ 161,191 $ — $ — $ 161,191 Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (21,933 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (252,802 ) (27,186 ) Total $ (274,735 ) $ (27,186 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives Not Accounted for as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (19,675 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (206,317 ) (101,882 ) Total $ (225,992 ) $ (101,882 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (32,378 ) $ 15,521 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 343,381 (235,697 ) Total $ 311,003 $ (220,176 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives Not Accounted for as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (2,706 ) $ 287 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 565,649 (174,210 ) Total $ 562,943 $ (173,923 ) Superfund Green, L.P. – Series B gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 30, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 15,005 0.3 $ (1,531 ) 0.0 * $ 5,169 0.1 $ (7,866 ) (0.2 ) $ 10,777 Financial 70,185 1.5 (380 ) 0.0 * 6,398 0.1 (22,324 ) (0.5 ) 53,879 Food & Fiber 11,458 0.2 (24,410 ) (0.5 ) 9,600 0.2 (5,888 ) (0.1 ) (9,240 ) Indices 10,178 0.2 (55,054 ) (1.2 ) 7,111 0.2 (13,048 ) (0.3 ) (50,813 ) Metals — — (35,505 ) (0.8 ) 65,474 1.4 (387 ) 0.0 * 29,582 Energy 46,219 1.0 — — 1,400 0.0 * (16,612 ) (0.4 ) 31,007 Livestock 3,538 0.1 — — — — (9,420 ) (0.2 ) (5,882 ) Totals $ 156,583 3.3 $ (116,880 ) (2.5 ) $ 95,152 2.0 $ (75,545 ) (1.7 ) $ 59,310 * Due to rounding – amount is less than 0.05% As of December 31, 2017 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 36,727 0.7 $ — — $ 13,905 0.3 $ (4,111 ) (0.1 ) $ 46,521 Financial 3,730 0.1 (44,836 ) (0.8 ) 21,826 0.4 (4,437 ) (0.1 ) (23,717 ) Food & Fiber 474 0.0 * (11,947 ) (0.2 ) 28,150 0.5 (25,116 ) (0.5 ) (8,439 ) Indices 75,654 1.4 (21,145 ) (0.4 ) 16,957 0.3 (3,790 ) (0.1 ) 67,676 Metals 58,235 1.1 — — 463 0.0 * (5,916 ) (0.1 ) 52,782 Livestock — — — — 340 0.0 * — — 340 Energy 50,709 0.9 — — 1,730 0.0 * (26,411 ) (0.5 ) 26,028 Totals $ 225,529 4.2 $ (77,928 ) (1.4 ) $ 83,371 1.5 $ (69,781 ) (1.4 ) $ 161,191 * Due to rounding – amount is less than 0.05% Series B monthly contract volume: For the three months ended June 30, 2018, the monthly average futures and forward contracts bought were 1,069 and the monthly average futures and forward contracts sold were 739. For the six months ended June 30, 2018, the monthly average futures and forward contracts bought were 1,063 and the monthly average futures and forward contracts sold were 628. For the three months ended June 30, 2017, the monthly average futures and forward contracts bought were 1,240 and the monthly average futures and forward contracts sold were 233. For the six months ended June 30, 2017, the monthly average futures and forward contracts bought were 1,191 and the monthly average futures and forward contracts sold were 368. Series B trading results by market sector: For the Three Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (21,933 ) $ — $ (21,933 ) Currency (174,362 ) 46,925 (127,437 ) Energy (2,510 ) 28,695 26,185 Financial 113,698 (69,810 ) 43,888 Food & Fiber (95,488 ) (34,525 ) (130,013 ) Indices (27,744 ) (30,831 ) (58,575 ) Livestock 14,390 (26,322 ) (11,932 ) Metals (80,786 ) 58,682 (22,104 ) Total net trading gains (losses) $ (274,735 ) $ (27,186 ) $ (301,921 ) For the Six Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (19,675 ) $ — $ (19,675 ) Currency (72,108 ) (35,744 ) (107,852 ) Energy 20,598 4,979 25,577 Financial 259,714 77,595 337,309 Food & Fiber (217,205 ) (801 ) (218,006 ) Indices (158,364 ) (118,489 ) (276,853 ) Livestock 12,090 (6,222 ) 5,868 Metals (51,042 ) (23,200 ) (74,242 ) Total net trading gains (losses) $ (225,992 ) $ (101,882 ) $ (327,874 ) For the Three Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (32,378 ) $ 15,521 $ (16,857 ) Currency (56,199 ) 56,547 348 Energy (151,448 ) (34,213 ) (185,661 ) Financial 31,936 (112,303 ) (80,367 ) Food & Fiber 73,321 (63,448 ) 9,873 Indices 521,860 (96,602 ) 425,258 Livestock 30,650 2,110 32,760 Metals (106,739 ) 12,212 (94,527 ) Total net trading gains (losses) $ 311,003 $ (220,176 ) $ 90,827 For the Six Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (2,706 ) $ 287 $ (2,419 ) Currency (131,202 ) 43,771 (87,431 ) Financial 14,739 (119,377 ) (104,638 ) Food & Fiber (22,323 ) (9,313 ) (31,636 ) Indices 1,020,452 (71,995 ) 948,457 Metals (52,812 ) (5,538 ) (58,350 ) Livestock (7,610 ) 29,840 22,230 Energy (255,595 ) (41,598 ) (297,193 ) Total net trading gains (losses) $ 562,943 $ (173,923 ) $ 389,020 5. 4. Disclosure of derivative instruments and hedging activities The Fund follows ASC 815, Disclosures about Derivative Instruments and Hedging Activities Derivative instruments held by the Fund do not qualify as derivative instruments held as hedging instruments, as defined in ASC 815. Instead, the Fund includes derivative instruments in its trading activity. Per the requirements of ASC 815, the Fund discloses the gains and losses on its trading activities for both derivative and non derivative instruments in the Statements of Operations. The Fund engages in the speculative trading of futures contracts in a wide range of commodities, including equity markets, interest rates, food and fiber, energy, livestock, and metals. ASC 815 requires entities to recognize all derivatives instruments as either assets or liabilities at fair value in the statement of financial position. Investments in commodity futures contracts are recorded in the statements of assets and liabilities as unrealized appreciation or depreciation on futures contracts purchased and futures contracts sold. Since the derivatives held or sold by the Fund are for speculative trading purposes, the derivative instruments are not designated as hedging instruments under the provisions of ASC 815. Accordingly, all realized gains and losses, as well as any change in net unrealized gains or losses on open positions from the preceding period, are recognized as part of the Fund’s realized and change in unrealized gain (loss) on investments in the Statements of Operations. Information concerning the fair value of the Fund’s derivatives held long or sold short, as well as information related to the annual average volume of the Fund’s derivative activity, is as follows: Superfund Green, L.P. The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives Liability Derivatives Net Futures contracts Futures contracts purchased $ 184,994 $ (136,043 ) $ 48,951 Futures contracts Futures contracts sold 125,793 (93,854 ) 31,939 Totals $ 310,787 $ (229,897 ) $ 80,890 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives Liability Derivatives Net Futures contracts Futures contracts purchased $ 304,814 $ (103,106 ) $ 201,708 Futures contracts Futures contracts sold 111,436 (99,629 ) 11,807 Totals $ 416,250 $ (202,735 ) $ 213,515 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 73,339 $ — $ — $ 73,339 INTL FCStone 7,551 — — 7,551 Totals $ 80,890 $ — $ — $ 80,890 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 98,331 $ — $ — $ 98,331 INTL FCStone 115,184 — — 115,184 Totals $ 213,515 $ — $ — $ 213,515 Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) in Income Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (28,115 ) $ — Futures contracts Realized and change in unrealized loss on futures and forward contracts (345,057 ) (45,915 ) Total $ (373,172 ) $ (45,915 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) on Derivatives Recognized in Income Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (26,428 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (245,227 ) (132,627 ) Total $ (271,655 ) $ (132,627 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (40,183 ) $ 17,128 Futures contracts Realized and change in unrealized loss on futures and forward contracts 474,339 (337,332 ) Total $ 434,156 $ (320,204 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (196 ) $ 3,306 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 815,893 (264,738 ) Total $ 815,697 $ (261,432 ) Superfund Green, L.P. gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 31, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 20,470 0.3 $ (1,531 ) 0.0 * $ 7,319 0.1 $ (8,640 ) (0.1 ) $ 17,618 Finan |
Due from_to brokers
Due from/to brokers | 6 Months Ended |
Jun. 30, 2018 | |
Brokers and Dealers [Abstract] | |
Due from/to brokers | 5. Due from/to brokers Due from brokers consists of proceeds from cash and unsettled trades. Amounts due from brokers may be restricted to the extent that they serve as deposits for securities sold short. Amounts due to brokers, if any, represent margin borrowings that are collateralized by certain securities. As of June 30, 2018 and December 31, 2017, there were no amounts due to brokers. In the normal course of business, all of the Fund’s marketable securities transactions, money balances and marketable security positions are transacted with brokers. The Fund is subject to credit risk to the extent any broker with whom it conducts business is unable to fulfill contractual obligations on its behalf. |
Allocation of net profits and l
Allocation of net profits and losses | 6 Months Ended |
Jun. 30, 2018 | |
Text Block [Abstract] | |
Allocation of net profits and losses | 6. Allocation of net profits and losses In accordance with the Fund’s Sixth Amended and Restated Limited Partnership Agreement, net profits and losses of the Fund are allocated to partners according to their respective interests in the Fund as of the beginning of each month. |
Related party transactions
Related party transactions | 6 Months Ended |
Jun. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related party transactions | 7. Related party transactions Superfund Capital Management shall be paid a management fee equal to one-twelfth of 1.85% of month-end net assets equal to one-twelfth of 0.15% of month-end net assets equal to one-twelfth of 4% of the month-end net asset as of month-end, as well of such month-end, at the |
Financial highlights
Financial highlights | 6 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Financial highlights | 8. Financial highlights Financial highlights for the period January 1 through June 30 are as follows: 2018 2017 Series A Series B Series A Series B Total return before incentive fees* (6.6 )% (10.5 )% 1.1 % 3.7 % Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total return after incentive fees (6.6 )% (10.5 )% 1.1 % 3.7 % Ratios to average partners’ capital** Operating expenses before incentive fees (6.2 )% (6.1 )% (6.4 )% (6.5 )% Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total expenses (6.2 )% (6.1 )% (6.4 )% (6.5 )% Net investment loss (6.1 )% (6.0 )% (6.0 ))% (6.1 )% Net asset value per unit, beginning of period $ 1,099.78 $ 1,359.98 $ 989.50 $ 1,049.01 Net investment loss (32.74 ) (39.31 ) (29.96 ) (32.93 ) Net gain on investments (42.90 ) (101.33 ) 40.13 70.69 Total income (loss) from operations (75.64 ) (140.64 ) 10.17 37.76 Net asset value per unit, end of period $ 1,024.14 $ 1,219.34 $ 999.67 $ 1,086.77 Other per Unit information: Net increase (decrease) in net assets from operations per Unit (based upon weighted average number of Units during period) $ (70.71 ) $ (139.67 ) $ 11.82 $ 40.13 Net increase (decrease) in net assets from operations per Unit (based upon change in net asset value per Unit) $ (75.64 ) $ (140.64 ) $ 10.17 $ 37.76 Financial highlights for the period April 1 through June 30 are as follows: 2018 2017 Series A Series B Series A Series B Total return before incentive fees* (6.4 )% (8.1 )% (1.1 )% (0.2 )% Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total return after incentive fees (6.4 )% (8.1 )% (1.1 )% (0.2 )% Ratios to average partners’ capital** Operating expenses before incentive fees (6.0 )% (6.0 )% (6.3 )% (6.5 )% Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total expenses (6.0 )% (6.0 )% (6.3 )% (6.5 )% Net investment loss (5.9 )% (5.9 )% (6.0 )% (6.1 )% Net asset value per unit, beginning of period $ 1,094.09 $ 1,325.56 $ 1,010.80 $ 1,089.27 Net investment loss (15.57 ) (18.69 ) (15.05 ) (16.76 ) Net gain on investments (54.38 ) (87.53 ) 3.92 14.26 Total income (loss) from operations (69.95 ) (106.22 ) (11.13 ) (2.50 ) Net asset value per unit, end of period $ 1,024.14 $ 1,219.34 $ 999.67 $ 1,086.77 Other per Unit information: Net increase (decrease) in net assets from operations per Unit (based upon weighted average number of Units during period) $ (69.78 ) $ (105.59 ) $ (10.94 ) $ (1.97 ) Net increase (decrease) in net assets from operations per Unit (based upon change in net asset value per Unit) $ (69.95 ) $ (106.22 ) $ (11.13 ) $ (2.50 ) * Total return is calculated for each Series of the Fund taken as a whole. An individual’s return may vary from these returns based on the timing of capital transactions. ** Annualized for periods less than a year. Financial highlights are calculated for each series taken as a whole. An individual partner’s return, per unit data, and ratios may vary based on the timing of capital transactions. |
Financial instrument risk
Financial instrument risk | 6 Months Ended |
Jun. 30, 2018 | |
Investments, All Other Investments [Abstract] | |
Financial instrument risk | 9. Financial instrument risk In the normal course of its business, the Fund is party to financial instruments with off-balance “off-balance For the Fund, gross unrealized gains and losses related to exchange-traded futures were $310,787 and $229,897, respectively, at June 30, 2018. For Series A, gross unrealized gains and losses related to exchange-traded futures were $59,052 and $37,472, respectively, at June 30, 2018. For Series B, gross unrealized gains and losses related to exchange-traded futures were $251,735 and $192,425, respectively, at June 30, 2018. Market risk is the potential for changes in the value of the financial instruments traded by the Fund due to market changes, including interest and foreign exchange rate movements and fluctuations in commodity or security prices. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by conditions such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures interest positions at the same time, and Superfund Capital Management was unable to offset such positions, the Fund could experience substantial losses. Credit risk is the possibility that a loss may occur due to the failure of counterparty to perform according to the terms of a contract. Credit risk with respect to exchange-traded instruments is reduced to the extent that an exchange or clearing organization acts as counterparty to the transactions. The Fund’s risk of loss in the event of counterparty default is typically limited to the amounts recognized in the statements of assets and liabilities and not represented by the contract or notional amounts of the instruments. As the Fund’s assets are held in segregated accounts with futures commission merchants, the Fund has credit risk and concentration risk. The Fund’s futures commission merchants are currently ADM Investor Services, Inc. and INTL FC Stone International. Superfund Capital Management monitors and attempts to control the Fund’s risk exposure on a daily basis through financial, credit, and risk management monitoring systems, and accordingly believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Fund is subject. These monitoring systems allow Superfund Capital Management to statistically analyze actual trading results with risk adjusted performance indicators and correlation statistics. In addition, on-line The majority of these futures and forwards mature within one year of June 30, 2018. However, due to the nature of the Fund’s business, these instruments may not be held to maturity. |
Subscriptions and redemptions
Subscriptions and redemptions | 6 Months Ended |
Jun. 30, 2018 | |
Text Block [Abstract] | |
Subscriptions and redemptions | 10. Subscriptions and redemptions Effective May 1, 2014, the Fund no longer accepts subscriptions. A Limited Partner may request any or all of his investment in such Series be redeemed by such Series at the net asset value of a Unit within such Series as of the end of each month, subject to a minimum redemption of $1,000 and subject further to such Limited Partner having an investment in such Series, after giving effect to the requested redemption, at least equal to the minimum initial investment amount of $10,000. Limited Partners must transmit a written request of such redemption to Superfund Capital Management not less than five business days prior to the end of the month (or such shorter period as permitted by Superfund Capital Management) as of which the redemption is to be effective. Redemptions will generally be paid within twenty days after the effective date of the redemption. However, in special circumstances, including, but not limited to, inability to liquidate dealers’ positions as of a redemption date or default or delay in payments due to each Series from clearing brokers, banks or other persons or entities, each Series may in turn delay payment to persons requesting redemption of the proportionate part of the net assets of each Series represented by the sums that are subject of such default or delay. As provided in the Partnership Agreement, if the net asset value per Unit within a Series as of the end of any business day declines by 50% or more from either the prior year-end prior month-end Unit Subscriptions received in advance, if any, represent cash received prior to the balance sheet date for subscriptions of the subsequent month and do not participate in the earnings of the Fund until the following month. |
Indemnification
Indemnification | 6 Months Ended |
Jun. 30, 2018 | |
Text Block [Abstract] | |
Indemnification | 11. Indemnification In the normal course of business, the Fund enters into contracts that provide general indemnifications. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund, and therefore cannot be established; however, based on experience, the risk of loss from such claims is considered remote. |
Subsequent events
Subsequent events | 6 Months Ended |
Jun. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent events | 12. Subsequent events Superfund Capital Management has evaluated the impact of all subsequent events on the Fund through the date the financial statements were issued and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements. |
Basis of presentation and sig18
Basis of presentation and significant accounting policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The unaudited financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the U.S. (“U.S. GAAP”) with respect to the Form 10-Q 10-K |
Valuation of Investments in Futures Contracts, Forward Contracts, and U.S. Treasury Bills | Valuation of Investments in Futures Contracts, Forward Contracts, and U.S. Treasury Bills All commodity interests (including derivative financial instruments and derivative commodity instruments) are used for trading purposes. The commodity interests are recorded on a trade date basis and open contracts are recorded in the statements of assets and liabilities at fair value on the last business day of the period, which represents market value for those commodity interests for which market quotes are readily available. Exchange-traded futures contracts are valued at settlement prices published by the recognized exchange. Any spot and forward foreign currency contracts held by the Fund will be valued at published settlement prices from the recognized exchange. The Fund uses the fair value method for valuing its U.S. Treasury Bills; this portfolio is classified within Level 2 of the fair value hierarchy. We use quoted prices from active markets in valuing the U.S. Treasury Bills. |
Cash Translation of Foreign Currency | Cash Translation of Foreign Currency The Fund maintains cash deposits with financial institutions in amounts that are in excess of the coverage limits adopted by the Federal Deposit Insurance Corporation. The Fund does not however, believe it is exposed to significant credit risk on these holdings. Cash equivalents include short term highly liquid investments of sufficient credit quality such as treasury bills that are readily convertible to known amounts of cash and have original maturities of three months or less. Assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the period-end exchange rates. The Fund does not isolate that portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in net realized and unrealized gain (loss) on investments in the statements of operations. |
Investment Transactions, Investment Income and Expenses | Investment Transactions, Investment Income and Expenses Investment transactions are accounted for on a trade-date basis. Interest income and expenses are recognized on the accrual basis. Operating expenses of the Fund are allocated to each Series in proportion to the net asset value of the Series at the beginning of each month. Expenses directly attributable to a particular Series are charged directly to that Series. Gains or losses are realized when contracts are liquidated. Unrealized gains and losses on open contracts (the difference between contract trade price and market price) are reported in the statement of assets and liabilities as gross unrealized gain or loss, and any change in that amount from the prior period is reflected in the accompanying statement of operations. There exists a right of offset of unrealized gains or losses in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 210-20, Offsetting Set forth herein are instruments and transactions eligible for offset in the Statements of Assets and Liabilities and which are subject to derivative clearing agreements with the Fund’s futures commission merchants. Each futures commission merchant nets margin held on behalf of each Series of the Fund or payment obligations of the futures commission merchant to each Series against any payment obligations of that Series to the futures commission merchant. Each Series is required to deposit margin at each futures commission merchant to meet the original and maintenance requirements established by that futures commission merchant, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each futures commission merchant a security interest in this margin to secure any liabilities owed to the futures commission merchant arising from a default by the Series. As of December 31, 2017, Series A had on deposit $617,702 at ADM Investor Services, Inc., $3,238 at Merrill Lynch, Pierce, Fenner & Smith Inc. and $603,815 at INTL FC Stone International Inc. As of December 31, 2017, Series B had on deposit $901,753 at ADM Investor Services, Inc., $4,597 at Merrill Lynch, Pierce, Fenner & Smith Inc. and $1,014,782 at INTL FC Stone International Inc. As of June 30, 2018, the Fund had on deposit $1,269,193 at ADM Investor Services, Inc. and $1,115,894 at INTL FC Stone Financial Inc. As of June 30, 2018, Series A had on deposit $430,033 at ADM Investor Services, Inc. and $244,656 at INTL FC Stone Financial Inc. As of June 30, 2018, Series B had on deposit $839,160 at ADM Investor Services, Inc. and $871,238 at INTL FC Stone Financial Inc. |
Income Taxes | Income Taxes The Fund does not record a provision for U.S. income taxes because the partners report their share of the Fund’s income or loss on their returns. The financial statements reflect the Fund’s transactions without adjustment, if any, required for income tax purposes. Superfund Capital Management has evaluated the application of ASC Topic 740, Income Taxes |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires Superfund Capital Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements ASU 2016-01 In January 2016, FASB issued Accounting Standard Update No. 2016-01, Financial (Subtopic 825-10) Recognition Liabilities (“ASU 2016-01”). The amendments in ASU 2016-01 affect any adopted ASU 2016-01 as of |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Summary of Valuation of Fund's Assets and Liabilities | The following table summarizes the valuation of the Fund’s assets and liabilities by the ASC 820 fair value hierarchy as of June 30, 2018 and December 31, 2017: Superfund Green, L.P. Balance June 30, 2018 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 125,793 $ 125,793 $ — $ — Futures contracts purchased 184,994 184,994 — — Total Assets Measured at Fair Value $ 310,787 $ 310,787 $ — $ — LIABILITIES Futures contracts sold $ 93,854 $ 93,854 $ — $ — Futures contracts purchased 136,043 136,043 — — Total Liabilities Measured at Fair Value $ 229,897 $ 229,897 $ — $ — Balance December 31, 2017 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 111,436 $ 111,436 $ — $ — Futures contracts purchased 304,814 304,814 — — Total Assets Measured at Fair Value $ 416,250 $ 416,250 $ — $ — LIABILITIES Futures contracts sold $ 99,629 $ 99,629 $ — $ — Futures contracts purchased 103,106 103,106 — — Total Liabilities Measured at Fair Value $ 202,735 $ 202,735 $ — $ — Superfund Green, L.P. - Series A Balance June 30, 2018 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 30,641 $ 30,641 $ — $ — Futures contracts purchased 28,411 28,411 — — Total Assets Measured at Fair Value $ 59,052 $ 59,052 $ — $ — LIABILITIES Futures contracts sold $ 18,309 $ 18,309 $ — $ — Futures contracts purchased 19,163 19,163 — — Total Liabilities Measured at Fair Value $ 37,472 $ 37,472 $ — $ — Balance December 31, 2017 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 28,065 $ 28,065 $ — $ — Futures contracts purchased 79,285 79,285 — — Total Assets Measured at Fair Value $ 107,350 $ 107,350 $ — $ — LIABILITIES Futures contracts sold $ 29,848 $ 29,848 $ — $ — Futures contracts purchased 25,178 25,178 — — Total Liabilities Measured at Fair Value $ 55,026 $ 55,026 $ — $ — Superfund Green, L.P. - Series B Balance June 30, 2018 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 95,152 $ 95,152 $ — $ — Futures contracts purchased 156,583 156,583 — — Total Assets Measured at Fair Value $ 251,735 $ 251,735 $ — $ — LIABILITIES Futures contracts sold $ 75,545 $ 75,545 $ — $ — Futures contracts purchased 116,880 116,880 — — Total Liabilities Measured at Fair Value $ 192,425 $ 192,425 $ — $ — Balance December 31, 2017 Level 1 Level 2 Level 3 ASSETS Futures contracts sold $ 83,371 $ 83,371 $ — $ — Futures contracts purchased 225,529 225,529 — — Total Assets Measured at Fair Value $ 308,900 $ 308,900 $ — $ — LIABILITIES Futures contracts sold $ 69,781 $ 69,781 $ — $ — Futures contracts purchased 77,928 77,928 — — Total Liabilities Measured at Fair Value $ 147,709 $ 147,709 $ — $ — |
Disclosure of derivative inst20
Disclosure of derivative instruments and hedging activities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Fair Value of Funds Derivatives by Instrument Type | The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives Liability Derivatives Net Futures contracts Futures contracts purchased $ 184,994 $ (136,043 ) $ 48,951 Futures contracts Futures contracts sold 125,793 (93,854 ) 31,939 Totals $ 310,787 $ (229,897 ) $ 80,890 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives Liability Derivatives Net Futures contracts Futures contracts purchased $ 304,814 $ (103,106 ) $ 201,708 Futures contracts Futures contracts sold 111,436 (99,629 ) 11,807 Totals $ 416,250 $ (202,735 ) $ 213,515 |
Offsetting Assets | The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 73,339 $ — $ — $ 73,339 INTL FCStone 7,551 — — 7,551 Totals $ 80,890 $ — $ — $ 80,890 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 98,331 $ — $ — $ 98,331 INTL FCStone 115,184 — — 115,184 Totals $ 213,515 $ — $ — $ 213,515 |
Effects of Derivative Instruments on Statement of Operations | Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) in Income Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (28,115 ) $ — Futures contracts Realized and change in unrealized loss on futures and forward contracts (345,057 ) (45,915 ) Total $ (373,172 ) $ (45,915 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) on Derivatives Recognized in Income Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (26,428 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (245,227 ) (132,627 ) Total $ (271,655 ) $ (132,627 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (40,183 ) $ 17,128 Futures contracts Realized and change in unrealized loss on futures and forward contracts 474,339 (337,332 ) Total $ 434,156 $ (320,204 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (196 ) $ 3,306 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 815,893 (264,738 ) Total $ 815,697 $ (261,432 ) |
Gross and Net Unrealized Gains and Losses by Long and Short Positions | Superfund Green, L.P. gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 31, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 20,470 0.3 $ (1,531 ) 0.0 * $ 7,319 0.1 $ (8,640 ) (0.1 ) $ 17,618 Financial 86,037 1.2 (380 ) 0.0 * 8,648 0.1 (28,781 ) (0.4 ) 65,524 Food & Fiber 15,436 0.2 (31,751 ) (0.5 ) 12,698 0.2 (7,398 ) (0.1 ) (11,015 ) Indices 11,344 0.2 (66,541 ) (1.0 ) 12,344 0.2 (14,680 ) (0.2 ) (57,533 ) Metals — — (35,840 ) (0.5 ) 82,684 1.2 (387 ) 0.0 * 46,457 Livestock 3,538 0.1 — — — — (11,560 ) (0.2 ) (8,022 ) Energy 48,169 0.7 — — 2,100 0.0 * (22,408 ) (0.3 ) 27,861 Totals $ 184,994 2.7 $ (136,043 ) (2.0 ) $ 125,793 1.8 $ (93,854 ) (1.3 ) $ 80,890 * Due to rounding – amount is less than 0.05% As of December 31, 2017 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gain (Loss) on Open Positions Currency $ 51,395 0.6 $ — — $ 18,884 0.2 $ (5,224 ) (0.1 ) $ 65,055 Financial 5,595 0.1 (62,302 ) (0.7 ) 29,936 0.3 (4,437 ) (0.1 ) (31,208 ) Food & Fiber 713 0.0 * (16,279 ) (0.2 ) 36,826 0.4 (37,642 ) (0.4 ) (16,382 ) Indices 102,526 1.2 (24,527 ) (0.3 ) 23,260 0.3 (5,075 ) (0.1 ) 96,184 Metals 77,460 0.9 — — 463 0.0 * (8,281 ) (0.1 ) 69,642 Livestock — — — — 340 0.0 * — — 340 Energy 67,127 0.8 — — 1,730 0.0 * (38,973 ) (0.4 ) 29,884 Totals $ 304,816 3.5 $ (103,108 ) (1.2 ) $ 111,439 1.3 $ (99,632 ) (1.2 ) $ 213,515 * Due to rounding – amount is less than 0.05% |
Funds Trading Results by Market Sector | Superfund Green, L.P. trading results by market sector: For the Three Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (28,115 ) $ — $ (28,115 ) Currency (226,717 ) 62,181 (164,536 ) Energy (26,941 ) 28,017 1,076 Financial 159,348 (95,599 ) 63,749 Food & Fiber (125,846 ) (48,656 ) (174,502 ) Indices (48,045 ) (41,709 ) (89,754 ) Livestock 20,670 (32,962 ) (12,292 ) Metals (97,526 ) 82,813 (14,713 ) Total net trading gains $ (373,172 ) $ (45,915 ) $ (419,087 ) For the Six Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (26,428 ) $ — $ (26,428 ) Currency (78,106 ) (47,438 ) (125,544 ) Energy 2,280 (2,021 ) 259 Financial 357,676 96,731 454,407 Food & Fiber (300,622 ) 5,366 (295,256 ) Indices (186,213 ) (153,717 ) (339,930 ) Livestock 18,730 (8,362 ) 10,368 Metals (58,972 ) (23,186 ) (82,158 ) Total net trading losses $ (271,655 ) $ (132,627 ) $ (404,282 ) For the Three Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (40,183 ) $ 17,128 $ (23,055 ) Currency (79,773 ) 75,760 (4,013 ) Energy (183,631 ) (49,869 ) (233,500 ) Financial 37,159 (154,468 ) (117,309 ) Food & Fiber 101,616 (95,904 ) 5,712 Indices 697,066 (127,678 ) 569,388 Livestock 43,380 1,720 45,100 Metals (141,478 ) 13,107 (128,371 ) Total net trading gains $ 434,156 $ (320,204 ) $ 113,952 For the Six Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (196 ) $ 3,306 $ 3,110 Currency (189,677 ) 61,266 (128,411 ) Financial 15,823 (173,551 ) (157,728 ) Food & Fiber (31,761 ) (20,917 ) (52,678 ) Indices 1,420,267 (112,495 ) 1,307,772 Metals (75,999 ) (10,869 ) (86,868 ) Livestock (15,180 ) 48,730 33,550 Energy (307,580 ) (56,902 ) (364,482 ) Total net trading losses $ 815,697 $ (261,432 ) $ 554,265 |
SERIES A | |
Fair Value of Funds Derivatives by Instrument Type | The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 28,411 $ (19,163 ) $ 9,248 Futures contracts Futures contracts sold 30,641 (18,309 ) 12,332 Totals $ 59,052 $ (37,472 ) $ 21,580 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 79,285 $ (25,178 ) $ 54,107 Futures contracts Futures contracts sold 28,065 (29,848 ) (1,783 ) Totals $ 107,350 $ (55,026 ) $ 52,324 |
Offsetting Assets | The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 18,158 $ — $ — $ 18,158 INTL FCStone 3,422 — — 3,422 Totals $ 21,580 $ — $ — $ 21,580 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 19,389 $ — $ — $ 19,389 INTL FCStone 32,935 — — 32,935 Totals $ 52,324 $ — $ — $ 52,324 |
Effects of Derivative Instruments on Statement of Operations | Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) in Income Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (6,182 ) $ — Futures contracts Realized and change in unrealized gain on futures and forward contracts (92,255 ) (18,729 ) Total $ (98,437 ) $ (18,729 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ (6,753 ) $ Futures contracts Realized and change in unrealized loss on futures and forward contracts (38,910 ) (30,745 ) Total $ (45,663 ) $ (30,745 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (7,805 ) $ 1,607 Futures contracts Realized and change in unrealized gain on futures and forward contracts 130,958 (101,635 ) Total $ 123,153 $ (100,028 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized gain (loss) on futures and forward contracts $ 2,510 $ 3,019 Futures contracts Realized and change in unrealized loss on futures and forward contracts 250,244 (90,528 ) Total $ 252,754 $ (87,509 ) |
Gross and Net Unrealized Gains and Losses by Long and Short Positions | Superfund Green, L.P. – Series A gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 31, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 5,465 0.2 $ — — $ 2,150 0.1 $ (774 ) 0.0 * $ 6,841 Financial 15,852 0.7 — — 2,250 0.1 (6,457 ) (0.3 ) 11,645 Food & Fiber 3,978 0.2 (7,341 ) (0.3 ) 3,098 0.1 (1,510 ) (0.1 ) (1,775 ) Indices 1,166 0.0 * (11,487 ) (0.5 ) 5,233 0.2 (1,632 ) (0.1 ) (6,720 ) Metals — — (335 ) 0.0 * 17,210 0.7 — — 16,875 Energy 1,950 0.1 — — 700 0.0 * (5,796 ) (0.2 ) (3,146 ) Livestock — — — — — — (2,140 ) (0.1 ) (2,140 ) Totals $ 28,411 1.2 $ (19,163 ) (0.8 ) $ 30,641 1.2 $ (18,309 ) (0.8 ) $ 21,580 * Due to rounding – amount is less than 0.05% As of December 31, 2017 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 14,668 0.4 $ — — $ 4,979 0.2 $ (1,113 ) (0.0 )* $ 18,534 Financial 1,865 0.1 (17,466 ) (0.5 ) 8,110 0.2 — — (7,491 ) Food & Fiber 237 0.0 * (4,330 ) (0.1 ) 8,673 0.3 (12,523 ) (0.4 ) (7,943 ) Indices 26,872 0.8 (3,382 ) (0.1 ) 6,303 0.2 (1,285 ) (0.0 )* 28,508 Metals 19,225 0.6 — — — — (2,365 ) (0.1 ) 16,860 Energy 16,418 0.5 — — — — (12,562 ) (0.4 ) 3,856 Totals $ 79,285 2.4 $ (25,178 ) (0.7 ) $ 28,065 0.9 $ (29,848 ) (0.9 ) $ 52,324 * Due to rounding – amount is less than 0.05% |
Funds Trading Results by Market Sector | Series A trading results by market sector: For the Three Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (6,182 ) $ — $ (6,182 ) Currency (52,355 ) 15,256 (37,099 ) Energy (24,431 ) (678 ) (25,109 ) Financial 45,650 (25,789 ) 19,861 Food & Fiber (30,358 ) (14,131 ) (44,489 ) Indices (20,301 ) (10,878 ) (31,179 ) Livestock 6,280 (6,640 ) (360 ) Metals (16,740 ) 24,131 7,391 Total net trading gains (losses) $ (98,437 ) $ (18,729 ) $ (117,166 ) For the Six Months Ended June 30, 2018 Net Realized Gain (Losses) Change in Net Unrealized Gain (Losses) Net Trading Gains (Losses) Foreign Exchange $ (6,753 ) $ — $ (6,753 ) Currency (5,998 ) (11,694 ) (17,692 ) Energy (18,318 ) (7,000 ) (25,318 ) Financial 97,962 19,136 117,098 Food & Fiber (83,417 ) 6,167 (77,250 ) Indices (27,849 ) (35,228 ) (63,077 ) Livestock 6,640 (2,140 ) 4,500 Metals (7,930 ) 14 (7,916 ) Total net trading gains (losses) $ (45,663 ) $ (30,745 ) $ (76,408 ) For the Three Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (7,805 ) $ 1,607 $ (6,198 ) Currency (23,574 ) 19,213 (4,361 ) Energy (32,183 ) (15,656 ) (47,839 ) Financial 5,223 (42,165 ) (36,942 ) Food & Fiber 28,295 (32,456 ) (4,161 ) Indices 175,206 (31,076 ) 144,130 Livestock 12,730 (390 ) 12,340 Metals (34,739 ) 895 (33,844 ) Total net trading gains (losses) $ 123,153 $ (100,028 ) $ 23,125 For the Six Months Ended June 30, 2017 Net Realized Gain (Losses) Change in Net Unrealized Gain (Losses) Net Trading Gains (Losses) Foreign Exchange $ 2,510 $ 3,019 $ 5,529 Currency (58,475 ) 17,495 (40,980 ) Financial 1,084 (54,174 ) (53,090 ) Food & Fiber (9,438 ) (11,604 ) (21,042 ) Indices 399,815 (40,500 ) 359,315 Metals (23,187 ) (5,331 ) (28,518 ) Livestock (7,570 ) 18,890 11,320 Energy (51,985 ) (15,304 ) (67,289 ) Total net trading gains (losses) $ 252,754 $ (87,509 ) $ 165,245 |
SERIES B | |
Fair Value of Funds Derivatives by Instrument Type | The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of June 30, 2018, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 156,583 $ (116,880 ) $ 39,703 Futures contracts Futures contracts sold 95,152 (75,545 ) 19,607 Totals $ 251,735 $ (192,425 ) $ 59,310 The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the Statement of Assets and Liabilities, as of December 31, 2017, is as follows: Type of Instrument Statement of Assets and Liabilities Location Asset Derivatives at Liability Derivatives Net Futures contracts Futures contracts purchased $ 225,529 $ (77,928 ) $ 147,601 Futures contracts Futures contracts sold 83,371 (69,781 ) 13,590 Totals $ 308,900 $ (147,709 ) $ 161,191 |
Offsetting Assets | The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of June 30, 2018 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 55,181 $ — $ — $ 55,181 INTL FCStone 4,129 — — 4,129 Totals $ 59,310 $ — $ — $ 59,310 The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2017 is as follows: Gross Amounts Not Offset in the Statement of Counterparty Net Amount of Assets in Financial Instruments Cash Collateral Net Amount ADMIS $ 78,942 $ — $ — $ 78,942 INTL FCStone 82,249 — — 82,249 Totals $ 161,191 $ — $ — $ 161,191 |
Effects of Derivative Instruments on Statement of Operations | Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2018: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (21,933 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (252,802 ) (27,186 ) Total $ (274,735 ) $ (27,186 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2018: Derivatives Not Accounted for as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (19,675 ) $ — Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts (206,317 ) (101,882 ) Total $ (225,992 ) $ (101,882 ) Effects of Derivative Instruments on the Statement of Operations for the three months ended June 30, 2017: Derivatives not Designated as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (32,378 ) $ 15,521 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 343,381 (235,697 ) Total $ 311,003 $ (220,176 ) Effects of Derivative Instruments on the Statement of Operations for the six months ended June 30, 2017: Derivatives Not Accounted for as Hedging Instruments under ASC 815 Location of Gain (Loss) on Derivatives Recognized in Income Net Realized Gain (Loss) Net Change in Foreign exchange contracts Realized and change in unrealized loss on futures and forward contracts $ (2,706 ) $ 287 Futures contracts Realized and change in unrealized gain (loss) on futures and forward contracts 565,649 (174,210 ) Total $ 562,943 $ (173,923 ) |
Gross and Net Unrealized Gains and Losses by Long and Short Positions | Superfund Green, L.P. – Series B gross and net unrealized gains and losses by long and short positions as of June 30, 2018 and December 30, 2017: As of June 30, 2018 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 15,005 0.3 $ (1,531 ) 0.0 * $ 5,169 0.1 $ (7,866 ) (0.2 ) $ 10,777 Financial 70,185 1.5 (380 ) 0.0 * 6,398 0.1 (22,324 ) (0.5 ) 53,879 Food & Fiber 11,458 0.2 (24,410 ) (0.5 ) 9,600 0.2 (5,888 ) (0.1 ) (9,240 ) Indices 10,178 0.2 (55,054 ) (1.2 ) 7,111 0.2 (13,048 ) (0.3 ) (50,813 ) Metals — — (35,505 ) (0.8 ) 65,474 1.4 (387 ) 0.0 * 29,582 Energy 46,219 1.0 — — 1,400 0.0 * (16,612 ) (0.4 ) 31,007 Livestock 3,538 0.1 — — — — (9,420 ) (0.2 ) (5,882 ) Totals $ 156,583 3.3 $ (116,880 ) (2.5 ) $ 95,152 2.0 $ (75,545 ) (1.7 ) $ 59,310 * Due to rounding – amount is less than 0.05% As of December 31, 2017 Long Positions Gross Unrealized Short Positions Gross Unrealized Gains % of Net Assets Losses % of Net Assets Gains % of Net Assets Losses % of Net Assets Net Unrealized Gains (Losses) on Open Positions Currency $ 36,727 0.7 $ — — $ 13,905 0.3 $ (4,111 ) (0.1 ) $ 46,521 Financial 3,730 0.1 (44,836 ) (0.8 ) 21,826 0.4 (4,437 ) (0.1 ) (23,717 ) Food & Fiber 474 0.0 * (11,947 ) (0.2 ) 28,150 0.5 (25,116 ) (0.5 ) (8,439 ) Indices 75,654 1.4 (21,145 ) (0.4 ) 16,957 0.3 (3,790 ) (0.1 ) 67,676 Metals 58,235 1.1 — — 463 0.0 * (5,916 ) (0.1 ) 52,782 Livestock — — — — 340 0.0 * — — 340 Energy 50,709 0.9 — — 1,730 0.0 * (26,411 ) (0.5 ) 26,028 Totals $ 225,529 4.2 $ (77,928 ) (1.4 ) $ 83,371 1.5 $ (69,781 ) (1.4 ) $ 161,191 * Due to rounding – amount is less than 0.05% |
Funds Trading Results by Market Sector | Series B trading results by market sector: For the Three Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (21,933 ) $ — $ (21,933 ) Currency (174,362 ) 46,925 (127,437 ) Energy (2,510 ) 28,695 26,185 Financial 113,698 (69,810 ) 43,888 Food & Fiber (95,488 ) (34,525 ) (130,013 ) Indices (27,744 ) (30,831 ) (58,575 ) Livestock 14,390 (26,322 ) (11,932 ) Metals (80,786 ) 58,682 (22,104 ) Total net trading gains (losses) $ (274,735 ) $ (27,186 ) $ (301,921 ) For the Six Months Ended June 30, 2018 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (19,675 ) $ — $ (19,675 ) Currency (72,108 ) (35,744 ) (107,852 ) Energy 20,598 4,979 25,577 Financial 259,714 77,595 337,309 Food & Fiber (217,205 ) (801 ) (218,006 ) Indices (158,364 ) (118,489 ) (276,853 ) Livestock 12,090 (6,222 ) 5,868 Metals (51,042 ) (23,200 ) (74,242 ) Total net trading gains (losses) $ (225,992 ) $ (101,882 ) $ (327,874 ) For the Three Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (32,378 ) $ 15,521 $ (16,857 ) Currency (56,199 ) 56,547 348 Energy (151,448 ) (34,213 ) (185,661 ) Financial 31,936 (112,303 ) (80,367 ) Food & Fiber 73,321 (63,448 ) 9,873 Indices 521,860 (96,602 ) 425,258 Livestock 30,650 2,110 32,760 Metals (106,739 ) 12,212 (94,527 ) Total net trading gains (losses) $ 311,003 $ (220,176 ) $ 90,827 For the Six Months Ended June 30, 2017 Net Realized Gains (Losses) Change in Net Unrealized Gains (Losses) Net Trading Gains (Losses) Foreign Exchange $ (2,706 ) $ 287 $ (2,419 ) Currency (131,202 ) 43,771 (87,431 ) Financial 14,739 (119,377 ) (104,638 ) Food & Fiber (22,323 ) (9,313 ) (31,636 ) Indices 1,020,452 (71,995 ) 948,457 Metals (52,812 ) (5,538 ) (58,350 ) Livestock (7,610 ) 29,840 22,230 Energy (255,595 ) (41,598 ) (297,193 ) Total net trading gains (losses) $ 562,943 $ (173,923 ) $ 389,020 |
Financial highlights (Tables)
Financial highlights (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Financial highlights | Financial highlights for the period January 1 through June 30 are as follows: 2018 2017 Series A Series B Series A Series B Total return before incentive fees* (6.6 )% (10.5 )% 1.1 % 3.7 % Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total return after incentive fees (6.6 )% (10.5 )% 1.1 % 3.7 % Ratios to average partners’ capital** Operating expenses before incentive fees (6.2 )% (6.1 )% (6.4 )% (6.5 )% Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total expenses (6.2 )% (6.1 )% (6.4 )% (6.5 )% Net investment loss (6.1 )% (6.0 )% (6.0 ))% (6.1 )% Net asset value per unit, beginning of period $ 1,099.78 $ 1,359.98 $ 989.50 $ 1,049.01 Net investment loss (32.74 ) (39.31 ) (29.96 ) (32.93 ) Net gain on investments (42.90 ) (101.33 ) 40.13 70.69 Total income (loss) from operations (75.64 ) (140.64 ) 10.17 37.76 Net asset value per unit, end of period $ 1,024.14 $ 1,219.34 $ 999.67 $ 1,086.77 Other per Unit information: Net increase (decrease) in net assets from operations per Unit (based upon weighted average number of Units during period) $ (70.71 ) $ (139.67 ) $ 11.82 $ 40.13 Net increase (decrease) in net assets from operations per Unit (based upon change in net asset value per Unit) $ (75.64 ) $ (140.64 ) $ 10.17 $ 37.76 Financial highlights for the period April 1 through June 30 are as follows: 2018 2017 Series A Series B Series A Series B Total return before incentive fees* (6.4 )% (8.1 )% (1.1 )% (0.2 )% Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total return after incentive fees (6.4 )% (8.1 )% (1.1 )% (0.2 )% Ratios to average partners’ capital** Operating expenses before incentive fees (6.0 )% (6.0 )% (6.3 )% (6.5 )% Incentive fees 0.0 % 0.0 % 0.0 % 0.0 % Total expenses (6.0 )% (6.0 )% (6.3 )% (6.5 )% Net investment loss (5.9 )% (5.9 )% (6.0 )% (6.1 )% Net asset value per unit, beginning of period $ 1,094.09 $ 1,325.56 $ 1,010.80 $ 1,089.27 Net investment loss (15.57 ) (18.69 ) (15.05 ) (16.76 ) Net gain on investments (54.38 ) (87.53 ) 3.92 14.26 Total income (loss) from operations (69.95 ) (106.22 ) (11.13 ) (2.50 ) Net asset value per unit, end of period $ 1,024.14 $ 1,219.34 $ 999.67 $ 1,086.77 Other per Unit information: Net increase (decrease) in net assets from operations per Unit (based upon weighted average number of Units during period) $ (69.78 ) $ (105.59 ) $ (10.94 ) $ (1.97 ) Net increase (decrease) in net assets from operations per Unit (based upon change in net asset value per Unit) $ (69.95 ) $ (106.22 ) $ (11.13 ) $ (2.50 ) * Total return is calculated for each Series of the Fund taken as a whole. An individual’s return may vary from these returns based on the timing of capital transactions. ** Annualized for periods less than a year. |
Condensed Schedule of Investmen
Condensed Schedule of Investments (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 | |||
Futures Contracts | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.20% | 2.60% | |||
Fair Value | $ 80,890 | $ 213,515 | |||
Futures Contract Purchased | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.70% | 2.40% | |||
Fair Value | $ 48,951 | $ 201,708 | |||
Futures Contract Purchased | Currency | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.30% | 0.60% | |||
Fair Value | $ 18,939 | $ 51,395 | |||
Futures Contract Purchased | Energy | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.60% | 0.80% | |||
Fair Value | $ 48,169 | $ 67,127 | |||
Futures Contract Purchased | Financial | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.20% | [1] | (0.60%) | ||
Fair Value | $ 85,657 | $ (56,707) | |||
Futures Contract Purchased | Food & Fiber | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | (0.20%) | |||
Fair Value | $ (16,315) | $ (15,566) | |||
Futures Contract Purchased | Indices | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.80%) | 0.90% | |||
Fair Value | $ (55,197) | $ 77,999 | |||
Futures Contract Purchased | Metals | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.50%) | 0.90% | |||
Fair Value | $ (35,840) | $ 77,460 | |||
Futures Contract Purchased | Livestock | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | ||||
Fair Value | $ 3,538 | ||||
Futures Contracts Sold | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.50% | 0.20% | |||
Fair Value | $ 31,939 | $ 11,807 | |||
Futures Contracts Sold | Currency | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.20% | ||||
Fair Value | $ (1,321) | $ 13,660 | |||
Futures Contracts Sold | Energy | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.30%) | (0.40%) | |||
Fair Value | $ (20,308) | $ (37,243) | |||
Futures Contracts Sold | Financial | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.30%) | 0.30% | |||
Fair Value | $ (20,133) | $ 25,499 | |||
Futures Contracts Sold | Food & Fiber | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.00% | [2] | ||
Fair Value | $ 5,300 | $ (816) | |||
Futures Contracts Sold | Indices | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.20% | ||||
Fair Value | $ (2,336) | $ 18,185 | |||
Futures Contracts Sold | Metals | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.20% | [1] | (0.10%) | ||
Fair Value | $ 82,297 | $ (7,818) | |||
Futures Contracts Sold | Livestock | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | 0.00% | [2] | ||
Fair Value | $ (11,560) | $ 340 | |||
Futures and Forward Contracts | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.20% | 2.50% | |||
Fair Value | $ 80,890 | $ 213,515 | |||
Futures and Forward Contracts | Australia | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | 0.00% | [2] | ||
Fair Value | $ (10,556) | $ (3,670) | |||
Futures and Forward Contracts | Canada | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.00% | [2] | ||
Fair Value | $ 9,136 | $ (2,885) | |||
Futures and Forward Contracts | European Monetary Union | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | ||||
Fair Value | $ 2,381 | $ 10,942 | |||
Futures and Forward Contracts | Great Britain | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.30% | |||
Fair Value | $ 4,351 | $ 26,052 | |||
Futures and Forward Contracts | Japan | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.40% | 0.20% | |||
Fair Value | $ 28,257 | $ 19,012 | |||
Futures and Forward Contracts | United States | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 1.80% | [1] | ||
Fair Value | $ 7,506 | $ 159,128 | |||
Futures and Forward Contracts | Other | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.70% | 0.10% | |||
Fair Value | $ 39,815 | $ 4,936 | |||
SERIES A | Futures Contracts | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.90% | 1.60% | |||
Fair Value | $ 21,580 | $ 52,324 | |||
SERIES A | Futures Contract Purchased | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.40% | 1.60% | |||
Fair Value | $ 9,248 | $ 54,107 | |||
SERIES A | Futures Contract Purchased | Currency | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.20% | 0.40% | |||
Fair Value | $ 5,465 | $ 14,668 | |||
SERIES A | Futures Contract Purchased | Energy | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.50% | |||
Fair Value | $ 1,950 | $ 16,418 | |||
SERIES A | Futures Contract Purchased | Financial | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.70% | (0.50%) | |||
Fair Value | $ 15,852 | $ (15,601) | |||
SERIES A | Futures Contract Purchased | Food & Fiber | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | (0.10%) | |||
Fair Value | $ (3,363) | $ (4,093) | |||
SERIES A | Futures Contract Purchased | Indices | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.50%) | 0.70% | |||
Fair Value | $ (10,321) | $ 23,490 | |||
SERIES A | Futures Contract Purchased | Metals | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.60% | ||||
Fair Value | $ (335) | $ 19,225 | |||
SERIES A | Futures Contracts Sold | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.50% | 0.00% | |||
Fair Value | $ 12,332 | $ (1,783) | |||
SERIES A | Futures Contracts Sold | Currency | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.10% | |||
Fair Value | $ 1,376 | $ 3,866 | |||
SERIES A | Futures Contracts Sold | Energy | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | (0.40%) | |||
Fair Value | $ (5,096) | $ (12,562) | |||
SERIES A | Futures Contracts Sold | Financial | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | 0.20% | |||
Fair Value | $ (4,207) | $ 8,110 | |||
SERIES A | Futures Contracts Sold | Food & Fiber | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | (0.10%) | |||
Fair Value | $ 1,588 | $ (3,850) | |||
SERIES A | Futures Contracts Sold | Indices | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.20% | 0.30% | |||
Fair Value | $ 3,601 | $ 5,018 | |||
SERIES A | Futures Contracts Sold | Metals | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.60% | (0.10%) | |||
Fair Value | $ 17,210 | $ (2,365) | |||
SERIES A | Futures Contracts Sold | Livestock | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | ||||
Fair Value | $ (2,140) | ||||
SERIES A | Futures and Forward Contracts | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.90% | 1.60% | |||
Fair Value | $ 21,580 | $ 52,324 | |||
SERIES A | Futures and Forward Contracts | Australia | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | 0.00% | [2] | ||
Fair Value | $ (3,817) | $ (1,003) | |||
SERIES A | Futures and Forward Contracts | Canada | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.00% | [2] | ||
Fair Value | $ 2,511 | $ (409) | |||
SERIES A | Futures and Forward Contracts | European Monetary Union | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | 0.10% | |||
Fair Value | $ (2,848) | $ 3,433 | |||
SERIES A | Futures and Forward Contracts | Great Britain | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.20% | |||
Fair Value | $ 1,776 | $ 6,115 | |||
SERIES A | Futures and Forward Contracts | Japan | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.30% | 0.20% | |||
Fair Value | $ 6,194 | $ 6,873 | |||
SERIES A | Futures and Forward Contracts | United States | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.40% | 1.00% | [1] | ||
Fair Value | $ 10,210 | $ 34,994 | |||
SERIES A | Futures and Forward Contracts | Other | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.30% | 0.10% | |||
Fair Value | $ 7,554 | $ 2,321 | |||
SERIES B | Futures Contracts | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.30% | 3.00% | |||
Fair Value | $ 59,310 | $ 161,191 | |||
SERIES B | Futures Contract Purchased | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.90% | 2.70% | |||
Fair Value | $ 39,703 | $ 147,601 | |||
SERIES B | Futures Contract Purchased | Currency | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.30% | 0.70% | |||
Fair Value | $ 13,474 | $ 36,727 | |||
SERIES B | Futures Contract Purchased | Energy | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.00% | [1] | 0.90% | ||
Fair Value | $ 46,219 | $ 50,709 | |||
SERIES B | Futures Contract Purchased | Financial | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.60% | [1] | (0.80%) | ||
Fair Value | $ 69,805 | $ (41,106) | |||
SERIES B | Futures Contract Purchased | Food & Fiber | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.30%) | (0.20%) | |||
Fair Value | $ (12,952) | $ (11,473) | |||
SERIES B | Futures Contract Purchased | Indices | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | [1] | (1.00%) | 1.00% | ||
Fair Value | $ (44,876) | $ 54,509 | |||
SERIES B | Futures Contract Purchased | Metals | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.80%) | 1.10% | [1] | ||
Fair Value | $ (35,505) | $ 58,235 | |||
SERIES B | Futures Contract Purchased | Livestock | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | ||||
Fair Value | $ 3,538 | ||||
SERIES B | Futures Contracts Sold | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.40% | 0.30% | |||
Fair Value | $ 19,607 | $ 13,590 | |||
SERIES B | Futures Contracts Sold | Currency | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | 0.20% | |||
Fair Value | $ (2,697) | $ 9,794 | |||
SERIES B | Futures Contracts Sold | Energy | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.30%) | (0.40%) | |||
Fair Value | $ (15,212) | $ (24,681) | |||
SERIES B | Futures Contracts Sold | Financial | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.30%) | 0.30% | |||
Fair Value | $ (15,926) | $ 17,389 | |||
SERIES B | Futures Contracts Sold | Food & Fiber | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.10% | |||
Fair Value | $ 3,712 | $ 3,034 | |||
SERIES B | Futures Contracts Sold | Indices | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | 0.20% | |||
Fair Value | $ (5,937) | $ 13,167 | |||
SERIES B | Futures Contracts Sold | Metals | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.30% | [1] | (0.10%) | ||
Fair Value | $ 65,087 | $ (5,453) | |||
SERIES B | Futures Contracts Sold | Livestock | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.20%) | 0.00% | [2] | ||
Fair Value | $ (9,420) | $ 340 | |||
SERIES B | Futures and Forward Contracts | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 1.30% | 3.00% | |||
Fair Value | $ 59,310 | $ 161,191 | |||
SERIES B | Futures and Forward Contracts | Australia | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | 0.00% | [2] | ||
Fair Value | $ (6,739) | $ (2,667) | |||
SERIES B | Futures and Forward Contracts | Canada | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.00% | [2] | ||
Fair Value | $ 6,625 | $ (2,476) | |||
SERIES B | Futures and Forward Contracts | European Monetary Union | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.10% | |||
Fair Value | $ 5,229 | $ 7,509 | |||
SERIES B | Futures and Forward Contracts | Great Britain | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.10% | 0.40% | |||
Fair Value | $ 2,575 | $ 19,937 | |||
SERIES B | Futures and Forward Contracts | Japan | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.50% | 0.20% | |||
Fair Value | $ 22,063 | $ 12,139 | |||
SERIES B | Futures and Forward Contracts | United States | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | (0.10%) | 2.30% | [1] | ||
Fair Value | $ (2,704) | $ 124,134 | |||
SERIES B | Futures and Forward Contracts | Other | |||||
Summary of Investment Holdings [Line Items] | |||||
Percentage of Net Assets | 0.70% | 0.00% | [2] | ||
Fair Value | $ 32,261 | $ 2,615 | |||
[1] | No individual contract position constituted one percent or greater of net assets. Accordingly, the number of contracts and expiration dates are not presented. | ||||
[2] | Due to rounding - amount is less than 0.05% |
Condensed Schedule of Investm23
Condensed Schedule of Investments (Parenthetical) (Detail) - Maximum | Jun. 30, 2018 | Dec. 31, 2017 |
Summary of Investment Holdings [Line Items] | ||
Percentage of Net Assets | 0.05% | 0.05% |
SERIES A | ||
Summary of Investment Holdings [Line Items] | ||
Percentage of Net Assets | 0.05% | 0.05% |
SERIES B | ||
Summary of Investment Holdings [Line Items] | ||
Percentage of Net Assets | 0.05% | 0.05% |
Statements of Changes in Net As
Statements of Changes in Net Assets (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Increase (decrease) in net assets from operations | ||||
Net investment income (loss) | $ (106,821) | $ (125,519) | $ (236,560) | $ (254,963) |
Net realized gain (loss) on futures and forward contracts | (270,102) | 815,697 | ||
Net change in unrealized appreciation (depreciation) on futures and forward contracts | (132,627) | (261,432) | ||
Brokerage commission | (41,197) | (34,550) | (77,845) | (74,266) |
Net increase (decrease) in net assets from operations | (566,395) | (46,117) | (717,134) | 225,036 |
Capital share transactions | ||||
Issuance of Units | 156,415 | 161,681 | ||
Redemption of Units | (1,214,042) | (1,195,266) | ||
Net decrease in net assets from capital share transactions | (1,057,627) | (1,033,585) | ||
Net decrease in net assets | (1,774,761) | (808,549) | ||
Net assets, beginning of period | 8,735,952 | 8,783,260 | ||
Net assets, end of period | 6,961,191 | 7,974,711 | 6,961,191 | 7,974,711 |
SERIES A | ||||
Increase (decrease) in net assets from operations | ||||
Net investment income (loss) | (36,188) | (50,223) | (85,583) | (102,806) |
Net realized gain (loss) on futures and forward contracts | (45,220) | 252,754 | ||
Net change in unrealized appreciation (depreciation) on futures and forward contracts | (30,745) | (87,509) | ||
Brokerage commission | (10,002) | (10,022) | (19,593) | (22,142) |
Net increase (decrease) in net assets from operations | (163,153) | (37,120) | (181,141) | 40,297 |
Capital share transactions | ||||
Issuance of Units | 57,797 | 66,025 | ||
Redemption of Units | (807,807) | (502,322) | ||
Net decrease in net assets from capital share transactions | (750,010) | (436,297) | ||
Net decrease in net assets | (931,151) | (396,000) | ||
Net assets, beginning of period | 3,302,388 | 3,656,086 | ||
Net assets, end of period | $ 2,371,237 | $ 3,260,086 | $ 2,371,237 | $ 3,260,086 |
Units, beginning of period | 3,002.761 | 3,694.882 | ||
Issuance of Units | 52.999 | 65.554 | ||
Redemption of Units | (740.411) | (499.276) | ||
Units, end of period | 2,315.349 | 3,261.160 | 2,315.349 | 3,261.160 |
SERIES B | ||||
Increase (decrease) in net assets from operations | ||||
Net investment income (loss) | $ (70,633) | $ (75,296) | $ (150,977) | $ (152,157) |
Net realized gain (loss) on futures and forward contracts | (224,882) | 562,943 | ||
Net change in unrealized appreciation (depreciation) on futures and forward contracts | (101,882) | (173,923) | ||
Brokerage commission | (31,195) | (24,528) | (58,252) | (52,124) |
Net increase (decrease) in net assets from operations | (403,242) | (8,997) | (535,993) | 184,739 |
Capital share transactions | ||||
Issuance of Units | 98,618 | 95,656 | ||
Redemption of Units | (406,235) | (692,944) | ||
Net decrease in net assets from capital share transactions | (307,617) | (597,288) | ||
Net decrease in net assets | (843,610) | (412,549) | ||
Net assets, beginning of period | 5,433,564 | 5,127,174 | ||
Net assets, end of period | $ 4,589,954 | $ 4,714,625 | $ 4,589,954 | $ 4,714,625 |
Units, beginning of period | 3,995.325 | 4,887.522 | ||
Issuance of Units | 73.753 | 88.691 | ||
Redemption of Units | (304.774) | (638.002) | ||
Units, end of period | 3,764.304 | 4,338.211 | 3,764.304 | 4,338.211 |
Nature of Operations - Addition
Nature of Operations - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2018USD ($)Unit | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of Classes | Unit | 2 |
Aggregate Net Assets | $ | $ 500,000 |
Basis of Presentation and Sig26
Basis of Presentation and Significant Accounting Policies - Additional Information (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
ADMIS | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | $ 1,269,193 | |
INTL FCStone | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | 1,115,894 | |
SERIES A | ADMIS | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | 430,033 | $ 617,702 |
SERIES A | Merrill Lynch | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | 3,238 | |
SERIES A | INTL FCStone | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | 244,656 | 603,815 |
SERIES B | ADMIS | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | 839,160 | 901,753 |
SERIES B | Merrill Lynch | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | 4,597 | |
SERIES B | INTL FCStone | ||
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items] | ||
Margin on deposit | $ 871,238 | $ 1,014,782 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value Disclosures [Abstract] | ||
Derivative Contracts Valued Using Level 3 Holdings During Period | $ 0 | $ 0 |
Summary of Valuation of Fund's
Summary of Valuation of Fund's Assets and Liabilities (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | $ 310,787 | $ 416,250 |
Total Liabilities Measured at Fair Value | 229,897 | 202,735 |
Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 125,793 | 111,436 |
Total Liabilities Measured at Fair Value | 93,854 | 99,629 |
Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 184,994 | 304,814 |
Total Liabilities Measured at Fair Value | 136,043 | 103,106 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 310,787 | 416,250 |
Total Liabilities Measured at Fair Value | 229,897 | 202,735 |
Level 1 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 125,793 | 111,436 |
Total Liabilities Measured at Fair Value | 93,854 | 99,629 |
Level 1 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 184,994 | 304,814 |
Total Liabilities Measured at Fair Value | 136,043 | 103,106 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
Level 2 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
Level 2 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
Level 3 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
Level 3 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES A | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 59,052 | 107,350 |
Total Liabilities Measured at Fair Value | 37,472 | 55,026 |
SERIES A | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 30,641 | 28,065 |
Total Liabilities Measured at Fair Value | 18,309 | 29,848 |
SERIES A | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 28,411 | 79,285 |
Total Liabilities Measured at Fair Value | 19,163 | 25,178 |
SERIES A | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 59,052 | 107,350 |
Total Liabilities Measured at Fair Value | 37,472 | 55,026 |
SERIES A | Level 1 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 30,641 | 28,065 |
Total Liabilities Measured at Fair Value | 18,309 | 29,848 |
SERIES A | Level 1 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 28,411 | 79,285 |
Total Liabilities Measured at Fair Value | 19,163 | 25,178 |
SERIES A | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES A | Level 2 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES A | Level 2 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES A | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES A | Level 3 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES A | Level 3 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES B | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 251,735 | 308,900 |
Total Liabilities Measured at Fair Value | 192,425 | 147,709 |
SERIES B | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 95,152 | 83,371 |
Total Liabilities Measured at Fair Value | 75,545 | 69,781 |
SERIES B | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 156,583 | 225,529 |
Total Liabilities Measured at Fair Value | 116,880 | 77,928 |
SERIES B | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 251,735 | 308,900 |
Total Liabilities Measured at Fair Value | 192,425 | 147,709 |
SERIES B | Level 1 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 95,152 | 83,371 |
Total Liabilities Measured at Fair Value | 75,545 | 69,781 |
SERIES B | Level 1 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 156,583 | 225,529 |
Total Liabilities Measured at Fair Value | 116,880 | 77,928 |
SERIES B | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES B | Level 2 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES B | Level 2 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES B | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES B | Level 3 | Futures Contracts Sold | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | 0 | 0 |
SERIES B | Level 3 | Futures Contract Purchased | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets Measured at Fair Value | 0 | 0 |
Total Liabilities Measured at Fair Value | $ 0 | $ 0 |
Fair Value of Funds Derivatives
Fair Value of Funds Derivatives by Instrument Type (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | $ 310,787 | $ 416,250 |
Derivative Liabilities | (229,897) | (202,735) |
Derivative Assets (Liabilities), Net | 80,890 | 213,515 |
Futures Contract Purchased | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 184,994 | 304,814 |
Derivative Liabilities | (136,043) | (103,106) |
Futures Contracts Sold | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 125,793 | 111,436 |
Derivative Liabilities | (93,854) | (99,629) |
Futures Contracts | Futures Contract Purchased | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 184,994 | 304,814 |
Derivative Liabilities | (136,043) | (103,106) |
Derivative Assets (Liabilities), Net | 48,951 | 201,708 |
Futures Contracts | Futures Contracts Sold | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 125,793 | 111,436 |
Derivative Liabilities | (93,854) | (99,629) |
Derivative Assets (Liabilities), Net | 31,939 | 11,807 |
SERIES A | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 59,052 | 107,350 |
Derivative Liabilities | (37,472) | (55,026) |
Derivative Assets (Liabilities), Net | 21,580 | 52,324 |
SERIES A | Futures Contract Purchased | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 28,411 | 79,285 |
Derivative Liabilities | (19,163) | (25,178) |
SERIES A | Futures Contracts Sold | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 30,641 | 28,065 |
Derivative Liabilities | (18,309) | (29,848) |
SERIES A | Futures Contracts | Futures Contract Purchased | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 28,411 | 79,285 |
Derivative Liabilities | (19,163) | (25,178) |
Derivative Assets (Liabilities), Net | 9,248 | 54,107 |
SERIES A | Futures Contracts | Futures Contracts Sold | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 30,641 | 28,065 |
Derivative Liabilities | (18,309) | (29,848) |
Derivative Assets (Liabilities), Net | 12,332 | (1,783) |
SERIES B | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 251,735 | 308,900 |
Derivative Liabilities | (192,425) | (147,709) |
Derivative Assets (Liabilities), Net | 59,310 | 161,191 |
SERIES B | Futures Contract Purchased | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 156,583 | 225,529 |
Derivative Liabilities | (116,880) | (77,928) |
SERIES B | Futures Contracts Sold | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 95,152 | 83,371 |
Derivative Liabilities | (75,545) | (69,781) |
SERIES B | Futures Contracts | Futures Contract Purchased | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 156,583 | 225,529 |
Derivative Liabilities | (116,880) | (77,928) |
Derivative Assets (Liabilities), Net | 39,703 | 147,601 |
SERIES B | Futures Contracts | Futures Contracts Sold | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 95,152 | 83,371 |
Derivative Liabilities | (75,545) | (69,781) |
Derivative Assets (Liabilities), Net | $ 19,607 | $ 13,590 |
Disclosure of Derivative Inst30
Disclosure of Derivative Instruments and Hedging Activities - Offsetting Assets (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | $ 80,890 | $ 213,515 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 80,890 | 213,515 |
ADMIS | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 73,339 | 98,331 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 73,339 | 98,331 |
INTL FCStone | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 7,551 | 115,184 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 7,551 | 115,184 |
SERIES A | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 21,580 | 52,324 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 21,580 | 52,324 |
SERIES A | ADMIS | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 18,158 | 19,389 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 18,158 | 19,389 |
SERIES A | INTL FCStone | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 3,422 | 32,935 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 3,422 | 32,935 |
SERIES B | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 59,310 | 161,191 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 59,310 | 161,191 |
SERIES B | ADMIS | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 55,181 | 78,942 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | 55,181 | 78,942 |
SERIES B | INTL FCStone | ||
Offsetting Assets [Line Items] | ||
Net Amount of Assets in the Statement of Assets and Liabilities | 4,129 | 82,249 |
Financial Instruments Pledged | 0 | 0 |
Cash Collateral Received | 0 | 0 |
Net Amount | $ 4,129 | $ 82,249 |
Effects of Derivative Instrumen
Effects of Derivative Instruments on Statement of Operations (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | $ (373,172) | $ 434,156 | $ (271,655) | $ 815,697 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | (45,915) | (320,204) | (132,627) | (261,432) |
Realized and Change in Unrealized Gain (Loss) on Futures and Forward Contracts | Foreign Exchange Contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (28,115) | (40,183) | (26,428) | (196) |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | 17,128 | 3,306 | ||
Realized and Change in Unrealized Gain (Loss) on Futures and Forward Contracts | Futures Contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (345,057) | 474,339 | (245,227) | 815,893 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | (45,915) | (337,332) | (132,627) | (264,738) |
SERIES A | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (98,437) | 123,153 | (45,663) | 252,754 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | (18,729) | (100,028) | (30,745) | (87,509) |
SERIES A | Realized and Change in Unrealized Gain (Loss) on Futures and Forward Contracts | Foreign Exchange Contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (6,182) | (7,805) | (6,753) | 2,510 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | 1,607 | 3,019 | ||
SERIES A | Realized and Change in Unrealized Gain (Loss) on Futures and Forward Contracts | Futures Contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (92,255) | 130,958 | (38,910) | 250,244 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | (18,729) | (101,635) | (30,745) | (90,528) |
SERIES B | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (274,735) | 311,003 | (225,992) | 562,943 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | (27,186) | (220,176) | (101,882) | (173,923) |
SERIES B | Realized and Change in Unrealized Gain (Loss) on Futures and Forward Contracts | Foreign Exchange Contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (21,933) | (32,378) | (19,675) | (2,706) |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | 15,521 | 287 | ||
SERIES B | Realized and Change in Unrealized Gain (Loss) on Futures and Forward Contracts | Futures Contracts | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gain (Loss) on Derivatives Recognized in Income | (252,802) | 343,381 | (206,317) | 565,649 |
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income | $ (27,186) | $ (235,697) | $ (101,882) | $ (174,210) |
Gross and Net Unrealized Gains
Gross and Net Unrealized Gains and Losses by Long and Short Positions (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 310,787 | $ 416,250 | |||
Liability Derivatives | (229,897) | (202,735) | |||
Net Unrealized Gains (Losses) on Open Positions | 80,890 | 213,515 | |||
Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 17,618 | 65,055 | |||
Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 65,524 | (31,208) | |||
Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (11,015) | (16,382) | |||
Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (57,533) | 96,184 | |||
Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 46,457 | 69,642 | |||
Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (8,022) | 340 | |||
Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 27,861 | 29,884 | |||
Long Position | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 184,994 | $ 304,816 | |||
Gains percentage of net assets | 2.70% | 3.50% | |||
Liability Derivatives | $ (136,043) | $ (103,108) | |||
Loss percentage of net assets | (2.00%) | (1.20%) | |||
Long Position | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 20,470 | $ 51,395 | |||
Gains percentage of net assets | 0.30% | 0.60% | |||
Liability Derivatives | $ (1,531) | ||||
Loss percentage of net assets | [1] | (0.00%) | |||
Long Position | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 86,037 | $ 5,595 | |||
Gains percentage of net assets | 1.20% | 0.10% | |||
Liability Derivatives | $ (380) | $ (62,302) | |||
Loss percentage of net assets | (0.00%) | [1] | (0.70%) | ||
Long Position | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 15,436 | $ 713 | |||
Gains percentage of net assets | 0.20% | 0.00% | [1] | ||
Liability Derivatives | $ (31,751) | $ (16,279) | |||
Loss percentage of net assets | (0.50%) | (0.20%) | |||
Long Position | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 11,344 | $ 102,526 | |||
Gains percentage of net assets | 0.20% | 1.20% | |||
Liability Derivatives | $ (66,541) | $ (24,527) | |||
Loss percentage of net assets | (1.00%) | (0.30%) | |||
Long Position | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 77,460 | ||||
Gains percentage of net assets | 0.90% | ||||
Liability Derivatives | $ (35,840) | ||||
Loss percentage of net assets | (0.50%) | ||||
Long Position | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 3,538 | ||||
Gains percentage of net assets | 0.10% | ||||
Long Position | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 48,169 | $ 67,127 | |||
Gains percentage of net assets | 0.70% | 0.80% | |||
Short Position | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 125,793 | $ 111,439 | |||
Gains percentage of net assets | 1.80% | 1.30% | |||
Liability Derivatives | $ (93,854) | $ (99,632) | |||
Loss percentage of net assets | (1.30%) | (1.20%) | |||
Short Position | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 7,319 | $ 18,884 | |||
Gains percentage of net assets | 0.10% | 0.20% | |||
Liability Derivatives | $ (8,640) | $ (5,224) | |||
Loss percentage of net assets | (0.10%) | (0.10%) | |||
Short Position | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 8,648 | $ 29,936 | |||
Gains percentage of net assets | 0.10% | 0.30% | |||
Liability Derivatives | $ (28,781) | $ (4,437) | |||
Loss percentage of net assets | (0.40%) | (0.10%) | |||
Short Position | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 12,698 | $ 36,826 | |||
Gains percentage of net assets | 0.20% | 0.40% | |||
Liability Derivatives | $ (7,398) | $ (37,642) | |||
Loss percentage of net assets | (0.10%) | (0.40%) | |||
Short Position | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 12,344 | $ 23,260 | |||
Gains percentage of net assets | 0.20% | 0.30% | |||
Liability Derivatives | $ (14,680) | $ (5,075) | |||
Loss percentage of net assets | (0.20%) | (0.10%) | |||
Short Position | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 82,684 | $ 463 | |||
Gains percentage of net assets | 1.20% | 0.00% | [1] | ||
Liability Derivatives | $ (387) | $ (8,281) | |||
Loss percentage of net assets | (0.00%) | [1] | (0.10%) | ||
Short Position | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 340 | ||||
Gains percentage of net assets | [1] | 0.00% | |||
Liability Derivatives | $ (11,560) | ||||
Loss percentage of net assets | (0.20%) | ||||
Short Position | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 2,100 | $ 1,730 | |||
Gains percentage of net assets | [1] | 0.00% | 0.00% | ||
Liability Derivatives | $ (22,408) | $ (38,973) | |||
Loss percentage of net assets | (0.30%) | (0.40%) | |||
SERIES A | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 59,052 | $ 107,350 | |||
Liability Derivatives | (37,472) | (55,026) | |||
Net Unrealized Gains (Losses) on Open Positions | 21,580 | 52,324 | |||
SERIES A | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 6,841 | 18,534 | |||
SERIES A | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 11,645 | (7,491) | |||
SERIES A | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (1,775) | (7,943) | |||
SERIES A | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (6,720) | 28,508 | |||
SERIES A | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 16,875 | 16,860 | |||
SERIES A | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (2,140) | ||||
SERIES A | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (3,146) | 3,856 | |||
SERIES A | Long Position | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 28,411 | $ 79,285 | |||
Gains percentage of net assets | 1.20% | 2.40% | |||
Liability Derivatives | $ (19,163) | $ (25,178) | |||
Loss percentage of net assets | (0.80%) | (0.70%) | |||
SERIES A | Long Position | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 5,465 | $ 14,668 | |||
Gains percentage of net assets | 0.20% | 0.40% | |||
SERIES A | Long Position | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 15,852 | $ 1,865 | |||
Gains percentage of net assets | 0.70% | 0.10% | |||
Liability Derivatives | $ (17,466) | ||||
Loss percentage of net assets | (0.50%) | ||||
SERIES A | Long Position | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 3,978 | $ 237 | |||
Gains percentage of net assets | 0.20% | 0.00% | [1] | ||
Liability Derivatives | $ (7,341) | $ (4,330) | |||
Loss percentage of net assets | (0.30%) | (0.10%) | |||
SERIES A | Long Position | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 1,166 | $ 26,872 | |||
Gains percentage of net assets | 0.00% | [1] | 0.80% | ||
Liability Derivatives | $ (11,487) | $ (3,382) | |||
Loss percentage of net assets | (0.50%) | (0.10%) | |||
SERIES A | Long Position | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 19,225 | ||||
Gains percentage of net assets | 0.60% | ||||
Liability Derivatives | $ (335) | ||||
Loss percentage of net assets | [1] | (0.00%) | |||
SERIES A | Long Position | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 1,950 | $ 16,418 | |||
Gains percentage of net assets | 0.10% | 0.50% | |||
SERIES A | Short Position | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 30,641 | $ 28,065 | |||
Gains percentage of net assets | 1.20% | 0.90% | |||
Liability Derivatives | $ (18,309) | $ (29,848) | |||
Loss percentage of net assets | (0.80%) | (0.90%) | |||
SERIES A | Short Position | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 2,150 | $ 4,979 | |||
Gains percentage of net assets | 0.10% | 0.20% | |||
Liability Derivatives | $ (774) | $ (1,113) | |||
Loss percentage of net assets | [1] | (0.00%) | (0.00%) | ||
SERIES A | Short Position | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 2,250 | $ 8,110 | |||
Gains percentage of net assets | 0.10% | 0.20% | |||
Liability Derivatives | $ (6,457) | ||||
Loss percentage of net assets | (0.30%) | ||||
SERIES A | Short Position | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 3,098 | $ 8,673 | |||
Gains percentage of net assets | 0.10% | 0.30% | |||
Liability Derivatives | $ (1,510) | $ (12,523) | |||
Loss percentage of net assets | (0.10%) | (0.40%) | |||
SERIES A | Short Position | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 5,233 | $ 6,303 | |||
Gains percentage of net assets | 0.20% | 0.20% | |||
Liability Derivatives | $ (1,632) | $ (1,285) | |||
Loss percentage of net assets | (0.10%) | (0.00%) | [1] | ||
SERIES A | Short Position | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 17,210 | ||||
Gains percentage of net assets | 0.70% | ||||
Liability Derivatives | $ (2,365) | ||||
Loss percentage of net assets | (0.10%) | ||||
SERIES A | Short Position | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Liability Derivatives | $ (2,140) | ||||
Loss percentage of net assets | (0.10%) | ||||
SERIES A | Short Position | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 700 | ||||
Gains percentage of net assets | [1] | 0.00% | |||
Liability Derivatives | $ (5,796) | $ (12,562) | |||
Loss percentage of net assets | (0.20%) | (0.40%) | |||
SERIES B | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 251,735 | $ 308,900 | |||
Liability Derivatives | (192,425) | (147,709) | |||
Net Unrealized Gains (Losses) on Open Positions | 59,310 | 161,191 | |||
SERIES B | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 10,777 | 46,521 | |||
SERIES B | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 53,879 | (23,717) | |||
SERIES B | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (9,240) | (8,439) | |||
SERIES B | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (50,813) | 67,676 | |||
SERIES B | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 29,582 | 52,782 | |||
SERIES B | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | (5,882) | 340 | |||
SERIES B | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Net Unrealized Gains (Losses) on Open Positions | 31,007 | 26,028 | |||
SERIES B | Long Position | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 156,583 | $ 225,529 | |||
Gains percentage of net assets | 3.30% | 4.20% | |||
Liability Derivatives | $ (116,880) | $ (77,928) | |||
Loss percentage of net assets | (2.50%) | (1.40%) | |||
SERIES B | Long Position | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 15,005 | $ 36,727 | |||
Gains percentage of net assets | 0.30% | 0.70% | |||
Liability Derivatives | $ (1,531) | ||||
Loss percentage of net assets | [1] | (0.00%) | |||
SERIES B | Long Position | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 70,185 | $ 3,730 | |||
Gains percentage of net assets | 1.50% | 0.10% | |||
Liability Derivatives | $ (380) | $ (44,836) | |||
Loss percentage of net assets | (0.00%) | [1] | (0.80%) | ||
SERIES B | Long Position | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 11,458 | $ 474 | |||
Gains percentage of net assets | 0.20% | 0.00% | [1] | ||
Liability Derivatives | $ (24,410) | $ (11,947) | |||
Loss percentage of net assets | (0.50%) | (0.20%) | |||
SERIES B | Long Position | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 10,178 | $ 75,654 | |||
Gains percentage of net assets | 0.20% | 1.40% | |||
Liability Derivatives | $ (55,054) | $ (21,145) | |||
Loss percentage of net assets | (1.20%) | (0.40%) | |||
SERIES B | Long Position | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 58,235 | ||||
Gains percentage of net assets | 1.10% | ||||
Liability Derivatives | $ (35,505) | ||||
Loss percentage of net assets | (0.80%) | ||||
SERIES B | Long Position | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 3,538 | ||||
Gains percentage of net assets | 0.10% | ||||
SERIES B | Long Position | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 46,219 | $ 50,709 | |||
Gains percentage of net assets | 1.00% | 0.90% | |||
SERIES B | Short Position | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 95,152 | $ 83,371 | |||
Gains percentage of net assets | 2.00% | 1.50% | |||
Liability Derivatives | $ (75,545) | $ (69,781) | |||
Loss percentage of net assets | (1.70%) | (1.40%) | |||
SERIES B | Short Position | Currency | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 5,169 | $ 13,905 | |||
Gains percentage of net assets | 0.10% | 0.30% | |||
Liability Derivatives | $ (7,866) | $ (4,111) | |||
Loss percentage of net assets | (0.20%) | (0.10%) | |||
SERIES B | Short Position | Financial | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 6,398 | $ 21,826 | |||
Gains percentage of net assets | 0.10% | 0.40% | |||
Liability Derivatives | $ (22,324) | $ (4,437) | |||
Loss percentage of net assets | (0.50%) | (0.10%) | |||
SERIES B | Short Position | Food & Fiber | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 9,600 | $ 28,150 | |||
Gains percentage of net assets | 0.20% | 0.50% | |||
Liability Derivatives | $ (5,888) | $ (25,116) | |||
Loss percentage of net assets | (0.10%) | (0.50%) | |||
SERIES B | Short Position | Indices | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 7,111 | $ 16,957 | |||
Gains percentage of net assets | 0.20% | 0.30% | |||
Liability Derivatives | $ (13,048) | $ (3,790) | |||
Loss percentage of net assets | (0.30%) | (0.10%) | |||
SERIES B | Short Position | Metals | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 65,474 | $ 463 | |||
Gains percentage of net assets | 1.40% | 0.00% | [1] | ||
Liability Derivatives | $ (387) | $ (5,916) | |||
Loss percentage of net assets | (0.00%) | [1] | (0.10%) | ||
SERIES B | Short Position | Livestock | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 340 | ||||
Gains percentage of net assets | [1] | 0.00% | |||
Liability Derivatives | $ (9,420) | ||||
Loss percentage of net assets | (0.20%) | ||||
SERIES B | Short Position | Energy | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Asset Derivatives | $ 1,400 | $ 1,730 | |||
Gains percentage of net assets | [1] | 0.00% | 0.00% | ||
Liability Derivatives | $ (16,612) | $ (26,411) | |||
Loss percentage of net assets | (0.40%) | (0.50%) | |||
[1] | Due to rounding - amount is less than 0.05% |
Disclosure of Derivative Inst33
Disclosure of Derivative Instruments and Hedging Activities - Additional Information (Detail) - Contract | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Futures and Forward Contracts | Long Position | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 1,419 | 1,419 | ||
Futures and Forward Contracts | Long Position | SERIES B | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 1,069 | 1,240 | 1,063 | 1,191 |
Futures and Forward Contracts | Long Position | SERIES A | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 350 | 517 | 356 | 505 |
Futures and Forward Contracts | Short Position | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 973 | 844 | ||
Futures and Forward Contracts | Short Position | SERIES B | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 739 | 233 | 628 | 368 |
Futures and Forward Contracts | Short Position | SERIES A | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 234 | 91 | 216 | 165 |
Futures Contracts | Long Position | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 1,757 | 1,696 | ||
Futures Contracts | Short Position | ||||
Derivatives, Fair Value [Line Items] | ||||
Average number of contracts | 324 | 533 |
Funds Trading Results by Market
Funds Trading Results by Market Sector (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | $ (373,172) | $ 434,156 | $ (271,655) | $ 815,697 |
Change in Net Unrealized Gains (Losses) | (45,915) | (320,204) | (132,627) | (261,432) |
Net Trading Gains (Losses) | (419,087) | 113,952 | (404,282) | 554,265 |
Foreign Exchange | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (28,115) | (40,183) | (26,428) | (196) |
Change in Net Unrealized Gains (Losses) | 17,128 | 3,306 | ||
Net Trading Gains (Losses) | (28,115) | (23,055) | (26,428) | 3,110 |
Currency | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (226,717) | (79,773) | (78,106) | (189,677) |
Change in Net Unrealized Gains (Losses) | 62,181 | 75,760 | (47,438) | 61,266 |
Net Trading Gains (Losses) | (164,536) | (4,013) | (125,544) | (128,411) |
Energy | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (26,941) | (183,631) | 2,280 | (307,580) |
Change in Net Unrealized Gains (Losses) | 28,017 | (49,869) | (2,021) | (56,902) |
Net Trading Gains (Losses) | 1,076 | (233,500) | 259 | (364,482) |
Financial | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | 159,348 | 37,159 | 357,676 | 15,823 |
Change in Net Unrealized Gains (Losses) | (95,599) | (154,468) | 96,731 | (173,551) |
Net Trading Gains (Losses) | 63,749 | (117,309) | 454,407 | (157,728) |
Food & Fiber | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (125,846) | 101,616 | (300,622) | (31,761) |
Change in Net Unrealized Gains (Losses) | (48,656) | (95,904) | 5,366 | (20,917) |
Net Trading Gains (Losses) | (174,502) | 5,712 | (295,256) | (52,678) |
Indices | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (48,045) | 697,066 | (186,213) | 1,420,267 |
Change in Net Unrealized Gains (Losses) | (41,709) | (127,678) | (153,717) | (112,495) |
Net Trading Gains (Losses) | (89,754) | 569,388 | (339,930) | 1,307,772 |
Livestock | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | 20,670 | 43,380 | 18,730 | (15,180) |
Change in Net Unrealized Gains (Losses) | (32,962) | 1,720 | (8,362) | 48,730 |
Net Trading Gains (Losses) | (12,292) | 45,100 | 10,368 | 33,550 |
Metals | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (97,526) | (141,478) | (58,972) | (75,999) |
Change in Net Unrealized Gains (Losses) | 82,813 | 13,107 | (23,186) | (10,869) |
Net Trading Gains (Losses) | (14,713) | (128,371) | (82,158) | (86,868) |
SERIES A | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (98,437) | 123,153 | (45,663) | 252,754 |
Change in Net Unrealized Gains (Losses) | (18,729) | (100,028) | (30,745) | (87,509) |
Net Trading Gains (Losses) | (117,166) | 23,125 | (76,408) | 165,245 |
SERIES A | Foreign Exchange | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (6,182) | (7,805) | (6,753) | 2,510 |
Change in Net Unrealized Gains (Losses) | 1,607 | 3,019 | ||
Net Trading Gains (Losses) | (6,182) | (6,198) | (6,753) | 5,529 |
SERIES A | Currency | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (52,355) | (23,574) | (5,998) | (58,475) |
Change in Net Unrealized Gains (Losses) | 15,256 | 19,213 | (11,694) | 17,495 |
Net Trading Gains (Losses) | (37,099) | (4,361) | (17,692) | (40,980) |
SERIES A | Energy | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (24,431) | (32,183) | (18,318) | (51,985) |
Change in Net Unrealized Gains (Losses) | (678) | (15,656) | (7,000) | (15,304) |
Net Trading Gains (Losses) | (25,109) | (47,839) | (25,318) | (67,289) |
SERIES A | Financial | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | 45,650 | 5,223 | 97,962 | 1,084 |
Change in Net Unrealized Gains (Losses) | (25,789) | (42,165) | 19,136 | (54,174) |
Net Trading Gains (Losses) | 19,861 | (36,942) | 117,098 | (53,090) |
SERIES A | Food & Fiber | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (30,358) | 28,295 | (83,417) | (9,438) |
Change in Net Unrealized Gains (Losses) | (14,131) | (32,456) | 6,167 | (11,604) |
Net Trading Gains (Losses) | (44,489) | (4,161) | (77,250) | (21,042) |
SERIES A | Indices | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (20,301) | 175,206 | (27,849) | 399,815 |
Change in Net Unrealized Gains (Losses) | (10,878) | (31,076) | (35,228) | (40,500) |
Net Trading Gains (Losses) | (31,179) | 144,130 | (63,077) | 359,315 |
SERIES A | Livestock | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | 6,280 | 12,730 | 6,640 | (7,570) |
Change in Net Unrealized Gains (Losses) | (6,640) | (390) | (2,140) | 18,890 |
Net Trading Gains (Losses) | (360) | 12,340 | 4,500 | 11,320 |
SERIES A | Metals | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (16,740) | (34,739) | (7,930) | (23,187) |
Change in Net Unrealized Gains (Losses) | 24,131 | 895 | 14 | (5,331) |
Net Trading Gains (Losses) | 7,391 | (33,844) | (7,916) | (28,518) |
SERIES B | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (274,735) | 311,003 | (225,992) | 562,943 |
Change in Net Unrealized Gains (Losses) | (27,186) | (220,176) | (101,882) | (173,923) |
Net Trading Gains (Losses) | (301,921) | 90,827 | (327,874) | 389,020 |
SERIES B | Foreign Exchange | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (21,933) | (32,378) | (19,675) | (2,706) |
Change in Net Unrealized Gains (Losses) | 15,521 | 287 | ||
Net Trading Gains (Losses) | (21,933) | (16,857) | (19,675) | (2,419) |
SERIES B | Currency | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (174,362) | (56,199) | (72,108) | (131,202) |
Change in Net Unrealized Gains (Losses) | 46,925 | 56,547 | (35,744) | 43,771 |
Net Trading Gains (Losses) | (127,437) | 348 | (107,852) | (87,431) |
SERIES B | Energy | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (2,510) | (151,448) | 20,598 | (255,595) |
Change in Net Unrealized Gains (Losses) | 28,695 | (34,213) | 4,979 | (41,598) |
Net Trading Gains (Losses) | 26,185 | (185,661) | 25,577 | (297,193) |
SERIES B | Financial | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | 113,698 | 31,936 | 259,714 | 14,739 |
Change in Net Unrealized Gains (Losses) | (69,810) | (112,303) | 77,595 | (119,377) |
Net Trading Gains (Losses) | 43,888 | (80,367) | 337,309 | (104,638) |
SERIES B | Food & Fiber | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (95,488) | 73,321 | (217,205) | (22,323) |
Change in Net Unrealized Gains (Losses) | (34,525) | (63,448) | (801) | (9,313) |
Net Trading Gains (Losses) | (130,013) | 9,873 | (218,006) | (31,636) |
SERIES B | Indices | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (27,744) | 521,860 | (158,364) | 1,020,452 |
Change in Net Unrealized Gains (Losses) | (30,831) | (96,602) | (118,489) | (71,995) |
Net Trading Gains (Losses) | (58,575) | 425,258 | (276,853) | 948,457 |
SERIES B | Livestock | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | 14,390 | 30,650 | 12,090 | (7,610) |
Change in Net Unrealized Gains (Losses) | (26,322) | 2,110 | (6,222) | 29,840 |
Net Trading Gains (Losses) | (11,932) | 32,760 | 5,868 | 22,230 |
SERIES B | Metals | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Net Realized Gains (Losses) | (80,786) | (106,739) | (51,042) | (52,812) |
Change in Net Unrealized Gains (Losses) | 58,682 | 12,212 | (23,200) | (5,538) |
Net Trading Gains (Losses) | $ (22,104) | $ (94,527) | $ (74,242) | $ (58,350) |
Due From_To Brokers - Additiona
Due From/To Brokers - Additional Information (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Due to and from Broker-Dealers and Clearing Organizations [Abstract] | ||
Due to brokers | $ 0 | $ 0 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - Superfund Capital Management | 6 Months Ended |
Jun. 30, 2018 | |
Related Party Transaction [Line Items] | |
Management fee | 1.85% |
Operating expenses percentage | 0.15% |
Incentive fees | 25.00% |
Selling commissions percentage | 4.00% |
Maximum cumulative selling commission percentage | 10.00% |
Financial Highlights (Detail)
Financial Highlights (Detail) - $ / shares | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||||
SERIES A | |||||||
Investment Company, Financial Highlights [Line Items] | |||||||
Total return before incentive fees | [1] | (6.40%) | (1.10%) | (6.60%) | 1.10% | ||
Incentive fees | 0.00% | 0.00% | 0.00% | 0.00% | |||
Total return after incentive fees | (6.40%) | (1.10%) | (6.60%) | 1.10% | |||
Ratios to average partners' capital, Operating expenses before incentive fees | (6.00%) | [2] | (6.30%) | [2] | (6.20%) | (6.40%) | |
Ratios to average partners' capital, Incentive fees | 0.00% | [2] | 0.00% | [2] | 0.00% | 0.00% | |
Ratios to average partners' capital, Total expenses | (6.00%) | [2] | (6.30%) | [2] | (6.20%) | (6.40%) | |
Net investment loss | (5.90%) | [2] | (6.00%) | [2] | (6.10%) | (6.00%) | |
Net asset value per unit, beginning of period | $ 1,094.09 | $ 1,010.80 | $ 1,099.78 | $ 989.50 | |||
Net investment loss | (15.57) | (15.05) | (32.74) | (29.96) | |||
Net gain on investments | (54.38) | 3.92 | (42.90) | 40.13 | |||
Total income (loss) from operations | (69.95) | (11.13) | (75.64) | 10.17 | |||
Net asset value per unit, end of period | 1,024.14 | 999.67 | 1,024.14 | 999.67 | |||
Net increase (decrease) in net assets from operations per Unit (based upon weighted average number of Units during period) | [3] | (69.78) | (10.94) | (70.71) | 11.82 | ||
Net increase (decrease) in net assets from operations per Unit (based upon change in net asset value per Unit) | $ (69.95) | $ (11.13) | $ (75.64) | $ 10.17 | |||
SERIES B | |||||||
Investment Company, Financial Highlights [Line Items] | |||||||
Total return before incentive fees | [1] | (8.10%) | (0.20%) | (10.50%) | 3.70% | ||
Incentive fees | 0.00% | 0.00% | 0.00% | 0.00% | |||
Total return after incentive fees | (8.10%) | (0.20%) | (10.50%) | 3.70% | |||
Ratios to average partners' capital, Operating expenses before incentive fees | (6.00%) | [2] | (6.50%) | [2] | (6.10%) | (6.50%) | |
Ratios to average partners' capital, Incentive fees | 0.00% | [2] | 0.00% | [2] | 0.00% | 0.00% | |
Ratios to average partners' capital, Total expenses | (6.00%) | [2] | (6.50%) | [2] | (6.10%) | (6.50%) | |
Net investment loss | (5.90%) | [2] | (6.10%) | [2] | (6.00%) | (6.10%) | |
Net asset value per unit, beginning of period | $ 1,325.56 | $ 1,089.27 | $ 1,359.98 | $ 1,049.01 | |||
Net investment loss | (18.69) | (16.76) | (39.31) | (32.93) | |||
Net gain on investments | (87.53) | 14.26 | (101.33) | 70.69 | |||
Total income (loss) from operations | (106.22) | (2.50) | (140.64) | 37.76 | |||
Net asset value per unit, end of period | 1,219.34 | 1,086.77 | 1,219.34 | 1,086.77 | |||
Net increase (decrease) in net assets from operations per Unit (based upon weighted average number of Units during period) | [4] | (105.59) | (1.97) | (139.67) | 40.13 | ||
Net increase (decrease) in net assets from operations per Unit (based upon change in net asset value per Unit) | $ (106.22) | $ (2.50) | $ (140.64) | $ 37.76 | |||
[1] | Total return is calculated for each Series of the Fund taken as a whole. An individual's return may vary from these returns based on the timing of capital transactions | ||||||
[2] | Annualized for periods less than a year. | ||||||
[3] | Weighted average number of Units outstanding for Series A for the Three Months Ended June 30, 2018 and June 30, 2017: 2,338.25 and 3,393.11, respectively; and for the Six Months Ended June 30th 2018 and June 30th 2017: 2,561.59 and 3,407.81, respectively. | ||||||
[4] | Weighted average number of Units outstanding for Series B for the Three Months Ended June 30, 2018 and June 30, 2017: 3,819.10 and 4,562.72, respectively; and for the Six Months Ended June 30th 2018 and June 30th 2017: 3,837.50 and 4,603.57, respectively. |
Financial Instrument Risk - Add
Financial Instrument Risk - Additional Information (Detail) - Exchange Traded Futures | 6 Months Ended |
Jun. 30, 2018USD ($) | |
Financial Instrument Risk [Line Items] | |
Gain On Derivative Instruments Pretax | $ 310,787 |
Loss On Derivative Instruments Pretax | 229,897 |
SERIES A | |
Financial Instrument Risk [Line Items] | |
Gain On Derivative Instruments Pretax | 59,052 |
Loss On Derivative Instruments Pretax | 37,472 |
SERIES B | |
Financial Instrument Risk [Line Items] | |
Gain On Derivative Instruments Pretax | 251,735 |
Loss On Derivative Instruments Pretax | $ 192,425 |
Subscriptions and Redemptions -
Subscriptions and Redemptions - Additional Information (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Initial investment amount | $ 1,214,042 | $ 1,195,266 |
Number of days for redemptions | 20 days | |
Net asset value per unit minimum decline rate | 50.00% | |
Minimum | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Initial investment amount | $ 1,000 | |
Maximum | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Initial investment amount | $ 10,000 | |
Partners capital account, number of days for a written request for redemptions | 5 days | |
Maximum | Special Redemption Period | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Partners capital account, maximum number of days to notify partners about special redemption event | 7 days |