Aspect FuturesAccess 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014
Document and Entity Information	'
Entity Registrant Name	'Aspect FuturesAccess LLC
Entity Central Index Key	'0001309132
Document Type	'10-Q
Document Period End Date	31-Mar-14
Amendment Flag	'false
Current Fiscal Year End Date	'--12-31
Entity Current Reporting Status	'Yes
Entity Filer Category	'Non-accelerated Filer
Entity Common Stock, Shares Outstanding	113,763,262
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1

STATEMENTS_OF_FINANCIAL_CONDIT

STATEMENTS OF FINANCIAL CONDITION (USD $)	Mar. 31, 2014	Dec. 31, 2013
Equity in commodity trading accounts:	'	'
Cash (including restricted cash of $14,281,552 for 2014 and $19,838,945 for 2013)	$144,669,833	$170,957,522
Net unrealized profit on open futures contracts	1,908,457	6,577,251
Net unrealized profit on open forwards contracts	1,055,514	854,236
Cash	445,809	491,639
Other assets	123	317
TOTAL ASSETS	148,079,736	178,880,965
LIABILITIES:	'	'
Brokerage commissions payable	25,676	17,157
Sponsor and Advisory fees payable	422,015	510,075
Redemptions payable	3,877,752	9,336,743
Net unrealized loss on open futures contracts	452,148	227,884
Net unrealized loss on open forwards contracts	652,713	'
Other liabilities	1,520,543	1,571,611
Total liabilities	6,950,847	11,663,470
MEMBERS' CAPITAL:	'	'
Members' Interest (113,763,262 Units and 125,668,741 Units)	141,128,889	167,217,495
Total members' capital	141,128,889	167,217,495
TOTAL LIABILITIES AND MEMBERS' CAPITAL	$148,079,736	$178,880,965

STATEMENTS_OF_FINANCIAL_CONDIT1

STATEMENTS OF FINANCIAL CONDITION - NET ASSET VALUE PER UNIT (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Class A	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$1.27	$1.35	$1.47	$1.45
Class C	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$1.16	$1.24	$1.36	$1.35
Class D	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$1.48	$1.57	$1.69	$1.66
Class I	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$1.31	$1.40	$1.52	$1.49
Class DS	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$1.47	$1.56	$1.68	$1.65
Class DT	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$1.55	$1.64	$1.76	$1.73
Class M	'	'	'	'
NET ASSET VALUE PER UNIT:	'	'	'	'
Net asset value per unit (in dollars per unit)	$0.79	$0.84	$0.90	$0.89

STATEMENTS_OF_FINANCIAL_CONDIT2

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
STATEMENTS OF FINANCIAL CONDITION	'	'
Cash, restricted cash (in dollars)	$14,281,552	$19,838,945
Units outstanding	113,763,262	125,668,741

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
TRADING PROFIT (LOSS):	'	'
Realized, net	($2,974,080)	$6,575,549
Change in unrealized, net	-5,344,493	207,787
Brokerage commissions	-164,304	-215,806
Total trading profit (loss), net	-8,482,877	6,567,530
INVESTMENT INCOME (EXPENSE):	'	'
Interest, net	-2,445	565
EXPENSES:	'	'
Management fee	755,401	1,329,747
Sponsor fee	585,970	991,793
Other	186,950	254,504
Total expenses	1,528,321	2,576,044
NET INVESTMENT INCOME (LOSS)	-1,530,766	-2,575,479
NET INCOME (LOSS)	-10,013,643	3,992,051
Class A	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	-1,455,537	431,139
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	17,375,394	21,424,150
Net income (loss) per weighted average Unit (in dollars per unit)	($0.08)	$0.02
Class C	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	-5,283,337	1,569,985
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	65,740,941	98,441,225
Net income (loss) per weighted average Unit (in dollars per unit)	($0.08)	$0.02
Class D	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	-225,421	161,301
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	2,482,365	5,562,428
Net income (loss) per weighted average Unit (in dollars per unit)	($0.09)	$0.03
Class I	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	-328,257	164,393
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	3,860,119	6,994,816
Net income (loss) per weighted average Unit (in dollars per unit)	($0.09)	$0.02
Class DS	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	-1,673,668	1,062,594
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	18,332,665	31,034,722
Net income (loss) per weighted average Unit (in dollars per unit)	($0.09)	$0.03
Class DT	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	-776,086	452,603
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	8,436,981	13,351,543
Net income (loss) per weighted average Unit (in dollars per unit)	($0.09)	$0.03
Class M	'	'
EXPENSES:	'	'
NET INCOME (LOSS)	($271,337)	$150,036
NET INCOME (LOSS) PER UNIT:	'	'
Weighted average number of Units outstanding (in units)	5,305,039	9,976,859
Net income (loss) per weighted average Unit (in dollars per unit)	($0.05)	$0.02

STATEMENTS_OF_CHANGES_IN_MEMBE

STATEMENTS OF CHANGES IN MEMBERS' CAPITAL (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Increase (Decrease) in Members' Capital	'	'
Members' Capital	$167,217,495	'
Members' Capital (in Units)	125,668,741	'
Net Income (Loss)	-10,013,643	3,992,051
Members' Capital	141,128,889	'
Members' Capital (in Units)	113,763,262	'
Class A	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	24,808,334	31,117,660
Members' Capital (in Units)	18,353,686	21,463,611
Subscriptions	49,300	1,368,345
Subscriptions (in Units)	38,535	918,842
Redemptions	-3,660,454	-1,796,145
Redemptions (in Units)	-2,830,826	-1,206,573
Net Income (Loss)	-1,455,537	431,139
Members' Capital	19,741,643	31,120,999
Members' Capital (in Units)	15,561,395	21,175,880
Class C	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	85,375,459	134,557,684
Members' Capital (in Units)	68,708,959	99,953,893
Subscriptions	1,409,198	2,967,124
Subscriptions (in Units)	1,179,561	2,159,081
Redemptions	-11,916,746	-8,798,913
Redemptions (in Units)	-10,072,242	-6,393,404
Net Income (Loss)	-5,283,337	1,569,985
Members' Capital	69,584,574	130,295,880
Members' Capital (in Units)	59,816,278	95,719,570
Class D	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	3,892,586	9,214,011
Members' Capital (in Units)	2,482,365	5,562,428
Net Income (Loss)	-225,421	161,301
Members' Capital	3,667,165	9,375,312
Members' Capital (in Units)	2,482,365	5,562,428
Class I	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	5,813,517	10,688,469
Members' Capital (in Units)	4,156,462	7,154,253
Subscriptions	'	225,299
Subscriptions (in Units)	'	146,591
Redemptions	-1,230,246	-789,191
Redemptions (in Units)	-916,859	-513,835
Net Income (Loss)	-328,257	164,393
Members' Capital	4,255,014	10,288,970
Members' Capital (in Units)	3,239,603	6,787,009
Class DS	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	29,551,548	54,364,101
Members' Capital (in Units)	18,932,203	32,959,715
Subscriptions	'	466,363
Subscriptions (in Units)	'	282,833
Redemptions	-1,901,432	-6,758,513
Redemptions (in Units)	-1,272,927	-3,965,850
Net Income (Loss)	-1,673,668	1,062,594
Members' Capital	25,976,448	49,134,545
Members' Capital (in Units)	17,659,276	29,276,698
Class DT	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	14,009,030	23,677,968
Members' Capital (in Units)	8,531,693	13,709,450
Redemptions	-896,756	-1,906,939
Redemptions (in Units)	-570,188	-1,079,232
Net Income (Loss)	-776,086	452,603
Members' Capital	12,336,188	22,223,632
Members' Capital (in Units)	7,961,505	12,630,218
Class M	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	3,767,021	8,621,100
Members' Capital (in Units)	4,503,373	9,721,721
Subscriptions	3,151,868	680,000
Subscriptions (in Units)	3,889,508	741,574
Redemptions	-1,079,695	-745,785
Redemptions (in Units)	-1,350,041	-815,485
Net Income (Loss)	-271,337	150,036
Members' Capital	5,567,857	8,705,351
Members' Capital (in Units)	7,042,840	9,647,810
Total Members' Interest	'	'
Increase (Decrease) in Members' Capital	'	'
Members' Capital	167,217,495	272,240,993
Members' Capital (in Units)	125,668,741	190,525,071
Subscriptions	4,610,366	5,707,131
Subscriptions (in Units)	5,107,604	4,248,921
Redemptions	-20,685,329	-20,795,486
Redemptions (in Units)	-17,013,083	-13,974,379
Net Income (Loss)	-10,013,643	3,992,051
Members' Capital	$141,128,889	$261,144,689
Members' Capital (in Units)	113,763,262	180,799,613

FINANCIAL_DATA_HIGHLIGHTS

FINANCIAL DATA HIGHLIGHTS (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Class A	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$1.35		$1.45
Net realized and net change in unrealized trading profit (loss)	($0.07)		$0.04
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.01)		($0.01)
Net asset value, end of period	$1.27		$1.47
Total Return:	'		'
Total return before Performance fees (as a percent)	-6.01%	[2]	1.37%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-6.01%	[2]	1.37%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	0.99%	[3]	0.97%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	0.99%		0.97%
Net investment income (loss) (as a percent)	-0.99%		-0.97%
Class C	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$1.24		$1.35
Net realized and net change in unrealized trading profit (loss)	($0.06)		$0.03
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.02)		($0.02)
Net asset value, end of period	$1.16		$1.36
Total Return:	'		'
Total return before Performance fees (as a percent)	-6.25%	[2]	1.12%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-6.25%	[2]	1.12%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	1.24%	[3]	1.22%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	1.24%		1.22%
Net investment income (loss) (as a percent)	-1.24%		-1.22%
Class D	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$1.57		$1.66
Net realized and net change in unrealized trading profit (loss)	($0.08)		$0.04
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.01)		($0.01)
Net asset value, end of period	$1.48		$1.69
Total Return:	'		'
Total return before Performance fees (as a percent)	-5.66%	[2]	1.75%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-5.66%	[2]	1.75%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	0.62%	[3]	0.60%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	0.62%		0.60%
Net investment income (loss) (as a percent)	-0.62%		-0.59%
Class I	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$1.40		$1.49
Net realized and net change in unrealized trading profit (loss)	($0.07)		$0.04
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.01)		($0.01)
Net asset value, end of period	$1.31		$1.52
Total Return:	'		'
Total return before Performance fees (as a percent)	-5.92%	[2]	1.47%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-5.92%	[2]	1.47%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	0.89%	[3]	0.87%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	0.89%		0.87%
Net investment income (loss) (as a percent)	-0.89%		-0.87%
Class DS	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$1.56		$1.65
Net realized and net change in unrealized trading profit (loss)	($0.08)		$0.04
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.01)		($0.01)
Net asset value, end of period	$1.47		$1.68
Total Return:	'		'
Total return before Performance fees (as a percent)	-5.66%	[2]	1.75%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-5.66%	[2]	1.75%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	0.62%	[3]	0.60%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	0.62%		0.60%
Net investment income (loss) (as a percent)	-0.62%		-0.59%
Class DT	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$1.64		$1.73
Net realized and net change in unrealized trading profit (loss)	($0.08)		$0.04
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.01)		($0.01)
Net asset value, end of period	$1.55		$1.76
Total Return:	'		'
Total return before Performance fees (as a percent)	-5.54%	[2]	1.88%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-5.54%	[2]	1.88%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	0.50%	[3]	0.47%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	0.50%		0.47%
Net investment income (loss) (as a percent)	-0.50%		-0.47%
Class M	'		'
Increase (Decrease) in Net Asset Value Per Unit	'		'
Net asset value, beginning of period	$0.84		$0.89
Net realized and net change in unrealized trading profit (loss)	($0.04)		$0.02
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0	[1]	$0	[1]
Expenses	($0.00)		($0.01)
Net asset value, end of period	$0.79		$0.90
Total Return:	'		'
Total return before Performance fees (as a percent)	-5.66%	[2]	1.75%	[2]
Performance fees (as a percent)	0.00%	[2]	0.00%	[2]
Total return after Performance fees (as a percent)	-5.66%	[2]	1.75%	[2]
Ratios to Average Member's Capital:	'		'
Expenses (excluding Performance fees) (as a percent)	0.62%	[3]	0.60%	[3]
Performance fees (as a percent)	0.00%		0.00%
Expenses (including Performance fees) (as a percent)	0.62%		0.60%
Net investment income (loss) (as a percent)	-0.62%		-0.59%
[1]	Interest income, net is less than $0.0001 per Unit
[2]	The total return is based on compounded monthly returns and is calculated for each class taken as a whole. An individual member's return may vary from these returns based on timing of capital transactions.
[3]	The expense ratios do not include brokerage commissions.

FINANCIAL_DATA_HIGHLIGHTS_Pare

FINANCIAL DATA HIGHLIGHTS (Parenthetical) (Maximum, USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Maximum	'	'
Interest income, net	$0.00	$0.00

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	1.              SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Aspect FuturesAccess LLC (the “Fund”), a FuturesAccessSM Program (“FuturesAccess”) fund, which is an Investment Company as defined by Accounting Standards Codification (“ASC”) guidance, was organized under the Delaware Limited Liability Company Act on May 17, 2004 and commenced trading activities on April 1, 2005.  The Fund engages in the speculative trading of futures and forward contracts on a wide range of commodities.  Aspect Capital Limited (“Aspect” or “Trading Advisor”) is the trading advisor of the Fund. The Trading Advisor utilizes the Aspect Diversified Program (the “Trading Program”) for the Fund.
	Merrill Lynch Alternative Investments LLC (“MLAI” or “Sponsor”) is the sponsor and manager of the Fund. MLAI is an indirect wholly-owned subsidiary of Bank of America Corporation. Bank of America Corporation and its affiliates are referred to herein as “BAC”. Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) is currently the exclusive clearing broker for the Fund.  The Sponsor may select other parties as clearing broker(s).  Merrill Lynch International (“MLI”) is the primary foreign exchange (“F/X”) forward prime broker for the Fund.  The Sponsor may select other parties as F/X or other over-the-counter (“OTC”) prime brokers, including Merrill Lynch International (“MLI”).  MLPF&S and MLI are BAC affiliates.
	FuturesAccess is a group of managed futures funds sponsored by MLAI (“FuturesAccess Funds”).  FuturesAccess is exclusively available to investors that have investment accounts with Merrill Lynch Wealth Management, U.S. Trust and other divisions or affiliates of BAC.  FuturesAccess Funds currently are composed of direct-trading funds advised by a single trading advisor or funds of funds for which MLAI acts as the advisor and allocates capital among multiple trading advisors.  Although redemption terms vary among FuturesAccess Funds, FuturesAccess applies, with some exceptions, the same minimum investment amounts, fees and other operational criteria across all FuturesAccess Funds.  Each trading advisor participating in FuturesAccess employs different technical, fundamental, systematic and/or discretionary trading strategies.
	Interests in the Fund are not insured or otherwise protected by the Federal Deposit Insurance Corporation or any other government authority.  Interests are not deposits or other obligations of, and are not guaranteed by, BAC or by any bank.  Interests are subject to investment risks, including the possible loss of the full amount invested.
	In the opinion of management, these interim financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the financial position of the Fund as of  March 31, 2014 and December 31, 2013 and the results of its operations for the three month periods ended March 31, 2014 and 2013.  However, the operating results for the interim periods may not be indicative of the results for the full year.
	Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted.  These financial statements should be read in conjunction with the financial statements and notes thereto included in the Fund’s report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2013.
	Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates and such differences could be material.

CONDENSED_SCHEDULES_OF_INVESTM

CONDENSED SCHEDULES OF INVESTMENTS	3 Months Ended
	Mar. 31, 2014
CONDENSED SCHEDULES OF INVESTMENTS	'
CONDENSED SCHEDULES OF INVESTMENTS	'
	2.              CONDENSED SCHEDULES OF INVESTMENTS
	The Fund’s investments, defined as net unrealized profit (loss) on open contracts on the Statements of Financial Condition, as of March 31, 2014 and December 31, 2013 are as follows:
	March 31, 2014
		Long Positions						Short Positions							Net Unrealized
	Commodity Industry	Number of	Unrealized			Percent of		Number of		Unrealized			Percent of		Profit (Loss)			Percent of
	Sector	Contracts/Notional*	Profit (Loss)			Members’ Capital		Contracts/Notional*		Profit (Loss)			Members’ Capital		on Open Positions			Members’ Capital		Maturity Dates
	Agriculture	888	$	1,252,483		0.89	%	(530	)	$	(492,101	)	-0.35	%	$	760,382		0.54	%	April 2014 - July 2014
	Currencies - Futures	46	1,928			0	%	(35	)	(23,925		)	-0.02	%	(21,997		)	-0.02	%	June 2014
	Currencies - Forwards*	13,292,625,692	1,055,514			0.75	%	(14,101,382,949	)	(652,713		)	-0.46	%	402,801			0.29	%	June 2014
	Energy	584	(316,048		)	-0.22	%	(1	)	3,379			0	%	(312,669		)	-0.22	%	April 2014 - December 2014
	Interest rates	2,459	367,240			0.26	%	(521	)	64,971			0.05	%	432,211			0.31	%	June 2014 - September 2016
	Metals	182	(64,939		)	-0.05	%	(379	)	(258,538		)	-0.18	%	(323,477		)	-0.23	%	May 2014 - July 2014
	Stock indices	1,534	1,188,186			0.84	%	(418	)	(266,327		)	-0.19	%	921,859			0.65	%	April 2014 - June 2014
	Total		$	3,484,364		2.47	%			$	(1,625,254	)	-1.15	%	$	1,859,110		1.32	%
	December 31, 2013
		Long Positions						Short Positions							Net Unrealized
	Commodity Industry	Number of	Unrealized			Percent of		Number of		Unrealized			Percent of		Profit (Loss)			Percent of
	Sector	Contracts/Notional*	Profit (Loss)			Members’ Capital		Contracts/Notional*		Profit (Loss)			Members’ Capital		on Open Positions			Members’ Capital		Maturity Dates
	Agriculture	614	$	(278,619	)	-0.17	%	(1,599	)	$	1,463,093		0.87	%	$	1,184,474		0.7	%	January 2014 - April 2014
	Currencies - Futures	46	17,340			0.01	%	(41	)	30,336			0.02	%	47,676			0.03	%	March 2014
	Currencies - Forwards*	11,227,496,417	349,522			0.21	%	(10,788,044,279	)	504,714			0.3	%	854,236			0.51	%	January 2014 - March 2014
	Energy	621	(242,123		)	-0.14	%	(3	)	14,452			0.01	%	(227,671		)	-0.13	%	January 2014 - December 2014
	Interest rates	3,432	(704,833		)	-0.42	%	(3,172	)	2,147,690			1.28	%	1,442,857			0.86	%	March 2014 - June 2016
	Metals	528	326,364			0.2	%	(603	)	(304,309		)	-0.18	%	22,055			0.02	%	February 2014 - April 2014
	Stock indices	1,589	3,903,721			2.33	%	(224	)	(23,745		)	-0.01	%	3,879,976			2.32	%	January 2014 - March 2014
	Total		$	3,371,372		2.02	%			$	3,832,231		2.29	%	$	7,203,603		4.31	%
	*Currencies — Forwards are stated in notional amounts. Note that the amounts presented for Currency — Forwards are presented as a mixture of underlying currencies in which the Fund trades.
	No individual contract’s unrealized profit or loss comprised greater than 5% of Members’ Capital as of March 31, 2014 and December 31, 2013. With respect to each commodity industry sector listed in the above chart, the net unrealized profit (loss) on open positions is the sum of the unrealized profits (loss) of long positions and short positions of the open contracts, netting unrealized losses against unrealized profits as applicable.  Net unrealized profit and loss provides an approximate measure of the exposure of the Fund to the various sectors as of the date listed, although such exposure can change at any time.

FAIR_VALUE_OF_INVESTMENTS

FAIR VALUE OF INVESTMENTS	3 Months Ended
	Mar. 31, 2014
FAIR VALUE OF INVESTMENTS	'
FAIR VALUE OF INVESTMENTS	'
	3.              FAIR VALUE OF INVESTMENTS
	Fair value of an investment is the amount that would be received to sell the investment in an orderly transaction between market participants at the measurement date (i.e. the exit price). All investments (including derivative financial instruments and derivative commodity instruments) are held for trading purposes.  The investments are recorded on trade date and open contracts are recorded at fair value (described below) at the measurement date. Investments denominated in foreign currencies are translated into U.S. dollars at the exchange rates prevailing at the measurement date.  Profits or losses are realized when contracts are liquidated.  Unrealized profits or losses on open contracts are included in equity in commodity trading accounts on the Statements of Financial Condition.  Any change in net unrealized profit or loss from the preceding period/year is reported in the respective Statements of Operations.
	The fair value measurement guidance established by U.S. GAAP is a hierarchal disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.
	Investments measured and reported at fair value are classified and disclosed in one of the following categories:
	Level I — Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I are publicly traded investments. As required by the fair market value measurement guidance in U.S. GAAP, the Fund does not adjust the quoted price for these investments even in situations where the Fund holds a large position and a sale could reasonably impact the quoted price.
	Level II — Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of generally accepted and understood models or other valuation methodologies. Investments which are generally included in this category are investments valued using market data.
	Level III — Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. Fair value for these investments is determined using valuation methodologies that consider a range of factors, including but not limited to the nature of the investment, local market conditions, trading values on public exchanges for comparable securities, current and projected operating performance and financing transactions subsequent to the acquisition of the investment. The inputs into the determination of fair value require significant management judgment. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed. Investments that are included in this category generally are privately held debt and equity securities.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. MLAI’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.
	The following is a description of the valuation methodologies used for investments, as well as the general classification of such investments pursuant to the valuation hierarchy.
	Exchange traded investments are fair valued by the Fund by using the reported closing price on the primary exchange where such investments are traded.  These closing prices are observed through the clearing broker and third party pricing services. For non-exchange traded investments, quoted values and other data provided by nationally recognized independent pricing sources are used as inputs into its process for determining fair values.
	The independent pricing sources obtain market quotations and actual transaction prices for investments that have quoted prices in active markets. Each source has its own proprietary method for determining the fair value of investments that are not actively traded. In general, these methods involve the use of “matrix pricing” in which the independent pricing source uses observable market inputs including, but not limited to, investment yields, credit risks and spreads, benchmarking of like investments, broker-dealer quotes, reported trades and sector groupings to determine a reasonable fair market value.
	The Fund has determined that Level I investments would include its futures and options contracts where it believes that quoted prices are available in an active market.
	Where the Fund believes that quoted market prices are not available or that the market is not active, fair values are estimated by using quoted prices of investments with similar characteristics, pricing models or matrix pricing and these are generally classified as Level II investments. The Fund determined that Level II investments would include its forwards and certain futures contracts.
	The Fund’s net unrealized profit (loss) on open forwards and futures contracts, by the above fair value hierarchy levels, as of
	March 31, 2014 and December 31, 2013 are as follows:
	Net unrealized profit (loss)	Total			Level I			Level II			Level III
	on open contracts
	Futures
	Long	$	2,428,850		$	2,443,244		$	(14,394	)	$	—
	Short	(972,541		)	(809,518		)	(163,023		)	—
		$	1,456,309		$	1,633,726		$	(177,417	)	$	—
	Forwards
	Long	$	1,055,514		$	—		$	1,055,514		$	—
	Short	(652,713		)	—			(652,713		)	—
		$	402,801		$	—		$	402,801		$	—
	March 31, 2014	$	1,859,110		$	1,633,726		$	225,384		$	—
	Net unrealized profit (loss)
	on open contracts	Total			Level I			Level II			Level III
	Futures
	Long	$	3,021,850		$	2,701,133		$	320,717		$	—
	Short	3,327,517			3,920,111			(592,594		)	—
		$	6,349,367		$	6,621,244		$	(271,877	)	$	—
	Forwards
	Long	$	349,522		$	—		$	349,522		$	—
	Short	504,714			—			504,714			—
		$	854,236		$	—		$	854,236		$	—
	December 31, 2013	$	7,203,603		$	6,621,244		$	582,359		$	—
	The Fund’s volume of trading forwards and futures as of the three month period ended March 31, 2014 and year ended December 31, 2013 are representative of the activity throughout these periods. There were no transfers to or from any level during the three month period ended March 31, 2014 or the year ended December 31, 2013.
	The Fund engages in the speculative trading of futures, options on futures and forward contracts on a wide range of commodities. Such contracts meet the definition of a derivative as noted in the ASC guidance for accounting for derivative and hedging activities. The fair value amounts of, and the net profits and losses on, derivative instruments is disclosed in the Statements of Financial Condition and Statements of Operations, respectively. There are no credit related contingent features embedded in these derivative contracts. The total notional, contract amount, or number of contracts and fair values of derivative instruments by contract type/commodity sector are disclosed in Note 2.
	The Fund presents its futures and forwards contract amounts gross on the Statements of Financial Condition. The Fund maintains margin deposits and cash collateral with its futures and forwards brokers, respectively, based on the greater of exchange margin or amounts determined by the respective broker. At March 31, 2014 and December 31, 2013, the initial margin deposits (cash) are used to satisfy the margin requirements to establish the futures or forward contracts and are presented on the Statements of Financial Condition in Cash in the Equity in commodity trading accounts. The variation margin on open contracts is presented on the Statements of Financial Condition in unrealized gain or loss on futures or forwards contracts, respectively.
	The following table indicates the trading profits and losses, before brokerage commissions, by type/commodity industry sector, on derivative instruments for each of the three month periods ended March 31, 2014 and 2013:
		For the three months ended			For the three months ended
		March 31, 2014			March 31, 2013
	Commodity Industry	profit (loss)			profit (loss)
	Sector	from trading, net			from trading, net
	Agriculture	$	211,670		$	2,251,330
	Currencies	319,535			775,413
	Energy	(1,421,430		)	(3,366,368		)
	Interest rates	(2,709,222		)	(3,866,525		)
	Metals	(2,576,551		)	(747,735		)
	Stock indices	(2,142,575		)	11,737,221
	Total	$	(8,318,573	)	$	6,783,336
	The Fund is subject to the risk of insolvency of a counterparty, an exchange, a clearinghouse, MLPF&S or other BAC entities.  Fund assets could be lost or impounded during lengthy bankruptcy proceedings.  Were a substantial portion of the Fund’s capital tied up in a bankruptcy or other similar types of proceedings, MLAI might suspend or limit trading, perhaps causing the Fund to miss significant profit opportunities.  There are increased risks in dealing with unregulated trading counterparties including the risk that assets may not benefit from the protection afforded to “customer funds” deposited with regulated dealers and brokers.

MARKET_AND_CREDIT_RISKS

MARKET AND CREDIT RISKS	3 Months Ended
	Mar. 31, 2014
MARKET AND CREDIT RISKS	'
MARKET AND CREDIT RISKS	'
	4.              MARKET AND CREDIT RISKS
	The nature of this Fund has certain risks, which cannot all be presented in the financial statements.  The following summarizes some of those risks.
	Market Risk
	Derivative instruments involve varying degrees of market risk.  Changes in the level or volatility of interest rates, foreign currency exchange rates or the market values of the financial instruments or commodities underlying such derivative instruments frequently result in changes in the Fund’s net unrealized profit (loss) on open contracts on such derivative instruments as reflected in the Statements of Financial Condition.  The Fund’s exposure to market risk is influenced by a number of factors, including the relationships among the derivative instruments held by the Fund as well as the volatility and liquidity of the markets in which the derivative instruments are traded.  Investments in foreign markets may also entail legal and political risks.
	MLAI has procedures in place intended to control market risk exposure, although there can be no assurance that it will, in fact, succeed in doing so.  These procedures focus primarily on monitoring the trading of Aspect, calculating the Net Asset Value of the Fund as of the close of business on each day and reviewing outstanding positions for over-concentrations.  While MLAI does not intervene in the markets to hedge or diversify the Fund’s market exposure, MLAI may urge Aspect to reallocate positions in an attempt to avoid over-concentrations.  However, such interventions are expected to be unusual.  It is expected that MLAI’s basic risk control procedures will consist of the ongoing process of Trading Advisor monitoring, with the market risk controls being applied by Aspect.
	Credit Risk
	The risks associated with exchange-traded contracts are typically perceived to be less than those associated with over-the-counter (non-exchange-traded) transactions, because exchanges typically (but not universally) provide clearinghouse arrangements in which the collective credit (in some cases limited in amount, in some cases not) of the members of the exchange/clearinghouse is pledged to support the financial integrity of the exchange/clearinghouse.  In over-the-counter transactions, on the other hand, traders must rely solely on the credit of their respective individual counterparties.  Margins, which may be subject to loss in the event of a default, are generally required in exchange traded contracts, and in the over-the-counter markets counterparties may also require margin.
	The credit risk associated with these instruments from counterparty nonperformance is the net unrealized profit (loss) on open contracts, if any, included in the Statements of Financial Condition.  MLAI, as sponsor of the Fund, has a general policy of maintaining clearing and prime brokerage arrangements with BAC affiliates, such as MLPF&S and MLI, although MLAI may engage non-BAC affiliated service providers as clearing brokers or prime brokers for the Fund.
	The Fund, in its normal course of business, enters into various contracts, with MLPF&S acting as its futures clearing broker.
	Indemnifications
	In the normal course of business, the Fund has entered, or may in the future enter into agreements that obligate the Fund to indemnify certain parties, including BAC affiliates. No claims have actually been made with respect to such indemnities and any quantification would involve hypothetical claims that have not been made. Based on the Fund’s experience, MLAI expects the risk of loss to be remote and, therefore, no provision has been recorded.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	5.              RELATED PARTY TRANSACTIONS
	MLAI and the Fund entered into a transfer agency and investor services agreement with Financial Data Services, Inc. (the “Transfer Agent”), a wholly-owned subsidiary of BAC and affiliate of MLAI. The Transfer Agent provides registrar, distribution disbursing agent, transfer agent and certain other services related to the issuance, redemption, exchange and transfer of Units. The fees charged by the Transfer Agent for its services are based on the aggregate net assets of funds managed or sponsored by MLAI. The fee rate ranges from 0.016% to 0.02% per year of the aggregate net assets. During the quarter ended March 31, 2014, the rate was 0.02%. The fee is payable monthly in arrears. MLAI allocates the Transfer Agent fees to each of the managed or sponsored funds, including the Fund, on a monthly basis based on each Fund’s net assets. The Transfer Agent fee allocated to the Fund for the three  month periods ended March 31, 2014 and 2013 amounted to $8,280 and $13,541, respectively, of which $5,022 and $6,106 was payable to the Transfer Agent as of March 31, 2014 and December 31, 2013, respectively.
	Brokerage Commissions, Interest and Sponsor fees as presented on the Statements of Operations are all received from or paid to related parties. Equity in commodity trading accounts, including cash and net unrealized profit/loss, as presented on the Statements of Financial Condition are held with a related party.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	6.              SUBSEQUENT EVENTS
	Management has evaluated the impact of subsequent events on the Fund through the date the financial statements were issued and has determined that there were no subsequent events that require adjustments to, or disclosure in, the financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Estimates	'
	Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates and such differences could be material.

CONDENSED_SCHEDULES_OF_INVESTM1

CONDENSED SCHEDULES OF INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
CONDENSED SCHEDULES OF INVESTMENTS	'
Schedule of net unrealized profit (loss) on open contracts in the Statements of Financial Condition	'
	March 31, 2014
		Long Positions						Short Positions							Net Unrealized
	Commodity Industry	Number of	Unrealized			Percent of		Number of		Unrealized			Percent of		Profit (Loss)			Percent of
	Sector	Contracts/Notional*	Profit (Loss)			Members’ Capital		Contracts/Notional*		Profit (Loss)			Members’ Capital		on Open Positions			Members’ Capital		Maturity Dates
	Agriculture	888	$	1,252,483		0.89	%	(530	)	$	(492,101	)	-0.35	%	$	760,382		0.54	%	April 2014 - July 2014
	Currencies - Futures	46	1,928			0	%	(35	)	(23,925		)	-0.02	%	(21,997		)	-0.02	%	June 2014
	Currencies - Forwards*	13,292,625,692	1,055,514			0.75	%	(14,101,382,949	)	(652,713		)	-0.46	%	402,801			0.29	%	June 2014
	Energy	584	(316,048		)	-0.22	%	(1	)	3,379			0	%	(312,669		)	-0.22	%	April 2014 - December 2014
	Interest rates	2,459	367,240			0.26	%	(521	)	64,971			0.05	%	432,211			0.31	%	June 2014 - September 2016
	Metals	182	(64,939		)	-0.05	%	(379	)	(258,538		)	-0.18	%	(323,477		)	-0.23	%	May 2014 - July 2014
	Stock indices	1,534	1,188,186			0.84	%	(418	)	(266,327		)	-0.19	%	921,859			0.65	%	April 2014 - June 2014
	Total		$	3,484,364		2.47	%			$	(1,625,254	)	-1.15	%	$	1,859,110		1.32	%
	December 31, 2013
		Long Positions						Short Positions							Net Unrealized
	Commodity Industry	Number of	Unrealized			Percent of		Number of		Unrealized			Percent of		Profit (Loss)			Percent of
	Sector	Contracts/Notional*	Profit (Loss)			Members’ Capital		Contracts/Notional*		Profit (Loss)			Members’ Capital		on Open Positions			Members’ Capital		Maturity Dates
	Agriculture	614	$	(278,619	)	-0.17	%	(1,599	)	$	1,463,093		0.87	%	$	1,184,474		0.7	%	January 2014 - April 2014
	Currencies - Futures	46	17,340			0.01	%	(41	)	30,336			0.02	%	47,676			0.03	%	March 2014
	Currencies - Forwards*	11,227,496,417	349,522			0.21	%	(10,788,044,279	)	504,714			0.3	%	854,236			0.51	%	January 2014 - March 2014
	Energy	621	(242,123		)	-0.14	%	(3	)	14,452			0.01	%	(227,671		)	-0.13	%	January 2014 - December 2014
	Interest rates	3,432	(704,833		)	-0.42	%	(3,172	)	2,147,690			1.28	%	1,442,857			0.86	%	March 2014 - June 2016
	Metals	528	326,364			0.2	%	(603	)	(304,309		)	-0.18	%	22,055			0.02	%	February 2014 - April 2014
	Stock indices	1,589	3,903,721			2.33	%	(224	)	(23,745		)	-0.01	%	3,879,976			2.32	%	January 2014 - March 2014
	Total		$	3,371,372		2.02	%			$	3,832,231		2.29	%	$	7,203,603		4.31	%
	*Currencies — Forwards are stated in notional amounts. Note that the amounts presented for Currency — Forwards are presented as a mixture of underlying currencies in which the Fund trades.

FAIR_VALUE_OF_INVESTMENTS_Tabl

FAIR VALUE OF INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
FAIR VALUE OF INVESTMENTS	'
Schedule of net unrealized profit (loss) on open forwards and futures contracts by the fair value hierarchy levels	'
	Net unrealized profit (loss)	Total			Level I			Level II			Level III
	on open contracts
	Futures
	Long	$	2,428,850		$	2,443,244		$	(14,394	)	$	—
	Short	(972,541		)	(809,518		)	(163,023		)	—
		$	1,456,309		$	1,633,726		$	(177,417	)	$	—
	Forwards
	Long	$	1,055,514		$	—		$	1,055,514		$	—
	Short	(652,713		)	—			(652,713		)	—
		$	402,801		$	—		$	402,801		$	—
	March 31, 2014	$	1,859,110		$	1,633,726		$	225,384		$	—
	Net unrealized profit (loss)
	on open contracts	Total			Level I			Level II			Level III
	Futures
	Long	$	3,021,850		$	2,701,133		$	320,717		$	—
	Short	3,327,517			3,920,111			(592,594		)	—
		$	6,349,367		$	6,621,244		$	(271,877	)	$	—
	Forwards
	Long	$	349,522		$	—		$	349,522		$	—
	Short	504,714			—			504,714			—
		$	854,236		$	—		$	854,236		$	—
	December 31, 2013	$	7,203,603		$	6,621,244		$	582,359		$	—
Schedule of trading profits and losses, before brokerage commissions, by type/commodity industry sector, on derivative instruments	'
		For the three months ended			For the three months ended
		March 31, 2014			March 31, 2013
	Commodity Industry	profit (loss)			profit (loss)
	Sector	from trading, net			from trading, net
	Agriculture	$	211,670		$	2,251,330
	Currencies	319,535			775,413
	Energy	(1,421,430		)	(3,366,368		)
	Interest rates	(2,709,222		)	(3,866,525		)
	Metals	(2,576,551		)	(747,735		)
	Stock indices	(2,142,575		)	11,737,221
	Total	$	(8,318,573	)	$	6,783,336

CONDENSED_SCHEDULES_OF_INVESTM2

CONDENSED SCHEDULES OF INVESTMENTS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	$1,859,110	$7,203,603
Percent of Members' Capital	1.32%	4.31%
Maximum	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Single investment threshold as a percentage of members' capital	5.00%	5.00%
Agriculture	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	760,382	1,184,474
Percent of Members' Capital	0.54%	0.70%
Currencies | Futures	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	-21,997	47,676
Percent of Members' Capital	-0.20%	0.03%
Currencies | Forwards	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	402,801	854,236
Percent of Members' Capital	0.29%	0.51%
Energy	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	-312,669	-227,671
Percent of Members' Capital	-0.22%	-0.13%
Interest rates	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	432,211	1,442,857
Percent of Members' Capital	0.31%	0.86%
Metals	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	-323,477	22,055
Percent of Members' Capital	-0.23%	0.02%
Stock indices	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	921,859	3,879,976
Percent of Members' Capital	0.65%	2.32%
Long Positions	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	3,484,364	3,371,372
Percent of Members' Capital	2.47%	2.02%
Long Positions | Agriculture	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	888	614
Net Unrealized Profit (Loss) on Open Positions	1,252,483	-278,619
Percent of Members' Capital	0.89%	-0.17%
Long Positions | Currencies | Futures	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	46	46
Net Unrealized Profit (Loss) on Open Positions	1,928	17,340
Percent of Members' Capital	0.00%	0.01%
Long Positions | Currencies | Forwards	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	13,292,625,692	11,227,496,417
Net Unrealized Profit (Loss) on Open Positions	1,055,514	349,522
Percent of Members' Capital	0.75%	0.21%
Long Positions | Energy	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	584	621
Net Unrealized Profit (Loss) on Open Positions	-316,048	-242,123
Percent of Members' Capital	-0.22%	-0.14%
Long Positions | Interest rates	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	2,459	3,432
Net Unrealized Profit (Loss) on Open Positions	367,240	-704,833
Percent of Members' Capital	0.26%	-0.42%
Long Positions | Metals	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	182	528
Net Unrealized Profit (Loss) on Open Positions	-64,939	326,364
Percent of Members' Capital	-0.05%	0.20%
Long Positions | Stock indices	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	1,534	1,589
Net Unrealized Profit (Loss) on Open Positions	1,188,186	3,903,721
Percent of Members' Capital	0.84%	2.33%
Short Positions	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Net Unrealized Profit (Loss) on Open Positions	-1,625,254	3,832,231
Percent of Members' Capital	-1.15%	2.29%
Short Positions | Agriculture	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-530	-1,599
Net Unrealized Profit (Loss) on Open Positions	-492,101	1,463,093
Percent of Members' Capital	-0.35%	0.87%
Short Positions | Currencies | Futures	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-35	-41
Net Unrealized Profit (Loss) on Open Positions	-23,925	30,336
Percent of Members' Capital	-0.02%	0.02%
Short Positions | Currencies | Forwards	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-14,101,382,949	-10,788,044,279
Net Unrealized Profit (Loss) on Open Positions	-652,713	504,714
Percent of Members' Capital	-0.46%	0.30%
Short Positions | Energy	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-1	-3
Net Unrealized Profit (Loss) on Open Positions	3,379	14,452
Percent of Members' Capital	0.00%	0.01%
Short Positions | Interest rates	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-521	-3,172
Net Unrealized Profit (Loss) on Open Positions	64,971	2,147,690
Percent of Members' Capital	0.05%	1.28%
Short Positions | Metals	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-379	-603
Net Unrealized Profit (Loss) on Open Positions	-258,538	-304,309
Percent of Members' Capital	-0.18%	-0.18%
Short Positions | Stock indices	'	'
CONDENSED SCHEDULES OF INVESTMENTS	'	'
Number of Contracts/Notional	-418	-224
Net Unrealized Profit (Loss) on Open Positions	($266,327)	($23,745)
Percent of Members' Capital	-0.19%	-0.01%

FAIR_VALUE_OF_INVESTMENTS_Deta

FAIR VALUE OF INVESTMENTS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	$1,859,110	$7,203,603
Fair value assets, amount transferred between measurement levels	0	0
Fair value liabilities, amount transferred between measurement levels	0	0
Long	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	3,484,364	3,371,372
Short	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-1,625,254	3,832,231
Total	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	1,859,110	7,203,603
Total | Futures	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	1,456,309	6,349,367
Total | Futures | Long	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	2,428,850	3,021,850
Total | Futures | Short	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-972,541	3,327,517
Total | Forwards	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	402,801	854,236
Total | Forwards | Long	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	1,055,514	349,522
Total | Forwards | Short	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-652,713	504,714
Level I	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	1,633,726	6,621,244
Level I | Futures	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	1,633,726	6,621,244
Level I | Futures | Long	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	2,443,244	2,701,133
Level I | Futures | Short	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-809,518	3,920,111
Level II	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	225,384	582,359
Level II | Futures	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-177,417	-271,877
Level II | Futures | Long	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-14,394	320,717
Level II | Futures | Short	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	-163,023	-592,594
Level II | Forwards	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	402,801	854,236
Level II | Forwards | Long	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	1,055,514	349,522
Level II | Forwards | Short	'	'
Fair value of investments	'	'
Net unrealized profit (loss) on open contracts	($652,713)	$504,714

FAIR_VALUE_OF_INVESTMENTS_Deta1

FAIR VALUE OF INVESTMENTS (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Trading gains and losses	'	'
Gain (loss) from trading	($8,318,573)	$6,783,336
Agriculture	'	'
Trading gains and losses	'	'
Gain (loss) from trading	211,670	2,251,330
Currencies	'	'
Trading gains and losses	'	'
Gain (loss) from trading	319,535	775,413
Energy	'	'
Trading gains and losses	'	'
Gain (loss) from trading	-1,421,430	-3,366,368
Interest rates	'	'
Trading gains and losses	'	'
Gain (loss) from trading	-2,709,222	-3,866,525
Metals	'	'
Trading gains and losses	'	'
Gain (loss) from trading	-2,576,551	-747,735
Stock indices	'	'
Trading gains and losses	'	'
Gain (loss) from trading	($2,142,575)	$11,737,221

MARKET_AND_CREDIT_RISKS_Detail

MARKET AND CREDIT RISKS (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
	item
Indemnifications	'
Number of claims made with respect to indemnities	0
Provision for loss contingency	$0

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (Financial Data Services, Inc., USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Related party transactions	'	'	'
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.02%	'	'
Fees allocated to Fund	$8,280	$13,541	'
Fees payable	$5,022	'	$6,106
Minimum	'	'	'
Related party transactions	'	'	'
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.02%	'	'
Maximum	'	'	'
Related party transactions	'	'	'
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.02%	'	'