Aspect FuturesAccess 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015
Document and Entity Information
Entity Registrant Name	Aspect FuturesAccess LLC
Entity Central Index Key	1309132
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	87,649,202
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

STATEMENTS_OF_FINANCIAL_CONDIT

STATEMENTS OF FINANCIAL CONDITION (USD $)	Mar. 31, 2015	Dec. 31, 2014
Equity in commodity trading accounts:
Cash (including restricted cash of $24,324,745 for 2015 and $25,744,662 for 2014)	$158,315,469	$144,270,669
Unrealized profit on open futures contracts	6,857,608	11,405,220
Unrealized profit on open forwards contracts	1,963,661	4,676,369
Cash and cash equivalents	483,408	525,336
Other assets	3,964	5,490
TOTAL ASSETS	167,624,110	160,883,084
LIABILITIES:
Brokerage commissions payable	19,820	20,409
Sponsor and Advisory fees payable	3,334,113	4,128,764
Redemptions payable	757,107	2,382,533
Unrealized loss on open futures contracts	1,651,502	2,027,902
Unrealized loss on open forwards contracts	2,782,533	3,120,254
Other liabilities	1,425,944	1,402,503
Total liabilities	9,971,019	13,082,365
MEMBERS' CAPITAL:
Members' Capital (87,649,202 Units and 87,952,580 Units)	157,653,091	147,800,719
Total members' capital	157,653,091	147,800,719
TOTAL LIABILITIES AND MEMBERS' CAPITAL	167,624,110	160,883,084
Class A
MEMBERS' CAPITAL:
Total members' capital	23,317,114	21,386,741
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$1.86	$1.73
Class C
MEMBERS' CAPITAL:
Total members' capital	83,317,654	77,465,333
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$1.69	$1.58
Class D
MEMBERS' CAPITAL:
Total members' capital	5,475,074	5,075,852
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$2.21	$2.04
Class I
MEMBERS' CAPITAL:
Total members' capital	2,315,047	2,150,219
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$1.92	$1.78
Class DS
MEMBERS' CAPITAL:
Total members' capital	24,190,017	23,951,811
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$2.19	$2.03
Class DT
MEMBERS' CAPITAL:
Total members' capital	12,031,179	11,715,686
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$2.34	$2.15
Class M
MEMBERS' CAPITAL:
Total members' capital	$7,007,006	$6,055,077
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	$1.18	$1.09

STATEMENTS_OF_FINANCIAL_CONDIT1

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
STATEMENTS OF FINANCIAL CONDITION
Cash, restricted cash (in dollars)	$24,324,745	$25,744,662
Units outstanding	87,649,202	87,952,580

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
TRADING PROFIT (LOSS):
Realized, net	$22,218,991	($2,974,080)
Change in unrealized, net	-6,546,199	-5,344,493
Brokerage commissions	-129,118	-164,304
Total trading profit (loss), net	15,543,674	-8,482,877
INVESTMENT INCOME (EXPENSE):
Interest, net	4,152	-2,445
EXPENSES:
Management fee	774,424	755,401
Sponsor fee	604,464	585,970
Performance fee	2,862,990
Other	164,820	186,950
Total expenses	4,406,698	1,528,321
NET INVESTMENT INCOME (LOSS)	-4,402,546	-1,530,766
NET INCOME (LOSS)	11,141,128	-10,013,643
Class A
EXPENSES:
NET INCOME (LOSS)	1,612,033	-1,455,537
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	12,432,592	17,375,394
Net income (loss) per weighted average Unit (in dollars per unit)	$0.13	($0.08)
Class C
EXPENSES:
NET INCOME (LOSS)	5,619,420	-5,283,337
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	49,404,746	65,740,941
Net income (loss) per weighted average Unit (in dollars per unit)	$0.11	($0.08)
Class D
EXPENSES:
NET INCOME (LOSS)	399,222	-225,421
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	2,482,365	2,482,365
Net income (loss) per weighted average Unit (in dollars per unit)	$0.16	($0.09)
Class I
EXPENSES:
NET INCOME (LOSS)	164,828	-328,257
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	1,207,316	3,860,119
Net income (loss) per weighted average Unit (in dollars per unit)	$0.14	($0.09)
Class DS
EXPENSES:
NET INCOME (LOSS)	1,869,138	-1,673,668
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	11,576,541	18,332,665
Net income (loss) per weighted average Unit (in dollars per unit)	$0.16	($0.09)
Class DT
EXPENSES:
NET INCOME (LOSS)	984,558	-776,086
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	5,362,556	8,436,981
Net income (loss) per weighted average Unit (in dollars per unit)	$0.18	($0.09)
Class M
EXPENSES:
NET INCOME (LOSS)	$491,929	($271,337)
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	5,690,123	5,305,039
Net income (loss) per weighted average Unit (in dollars per unit)	$0.09	($0.05)

STATEMENTS_OF_CHANGES_IN_MEMBE

STATEMENTS OF CHANGES IN MEMBERS' CAPITAL (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Increase (Decrease) in Members' Capital
Members' Capital	$147,800,719
Members' Capital (in Units)	87,952,580
Net Income (Loss)	11,141,128	-10,013,643
Members' Capital	157,653,091
Members' Capital (in Units)	87,649,202
Class A
Increase (Decrease) in Members' Capital
Members' Capital	21,386,741	24,808,334
Members' Capital (in Units)	12,349,527	18,353,686
Subscriptions	742,606	49,300
Subscriptions (in Units)	408,902	38,535
Redemptions	-424,266	-3,660,454
Redemptions (in Units)	-232,630	-2,830,826
Net Income (Loss)	1,612,033	-1,455,537
Members' Capital	23,317,114	19,741,643
Members' Capital (in Units)	12,525,799	15,561,395
Class C
Increase (Decrease) in Members' Capital
Members' Capital	77,465,333	85,375,459
Members' Capital (in Units)	49,129,741	68,708,959
Subscriptions	1,853,194	1,409,198
Subscriptions (in Units)	1,124,679	1,179,561
Redemptions	-1,620,293	-11,916,746
Redemptions (in Units)	-966,628	-10,072,242
Net Income (Loss)	5,619,420	-5,283,337
Members' Capital	83,317,654	69,584,574
Members' Capital (in Units)	49,287,792	59,816,278
Class D
Increase (Decrease) in Members' Capital
Members' Capital	5,075,852	3,892,586
Members' Capital (in Units)	2,482,365	2,482,365
Net Income (Loss)	399,222	-225,421
Members' Capital	5,475,074	3,667,165
Members' Capital (in Units)	2,482,365	2,482,365
Class I
Increase (Decrease) in Members' Capital
Members' Capital	2,150,219	5,813,517
Members' Capital (in Units)	1,207,316	4,156,462
Redemptions		-1,230,246
Redemptions (in Units)		-916,859
Net Income (Loss)	164,828	-328,257
Members' Capital	2,315,047	4,255,014
Members' Capital (in Units)	1,207,316	3,239,603
Class DS
Increase (Decrease) in Members' Capital
Members' Capital	23,951,811	29,551,548
Members' Capital (in Units)	11,804,527	18,932,203
Redemptions	-1,630,932	-1,901,432
Redemptions (in Units)	-748,761	-1,272,927
Net Income (Loss)	1,869,138	-1,673,668
Members' Capital	24,190,017	25,976,448
Members' Capital (in Units)	11,055,766	17,659,276
Class DT
Increase (Decrease) in Members' Capital
Members' Capital	11,715,686	14,009,030
Members' Capital (in Units)	5,440,620	8,531,693
Redemptions	-669,065	-896,756
Redemptions (in Units)	-289,418	-570,188
Net Income (Loss)	984,558	-776,086
Members' Capital	12,031,179	12,336,188
Members' Capital (in Units)	5,151,202	7,961,505
Class M
Increase (Decrease) in Members' Capital
Members' Capital	6,055,077	3,767,021
Members' Capital (in Units)	5,538,484	4,503,373
Subscriptions	460,000	3,151,868
Subscriptions (in Units)	400,478	3,889,508
Redemptions		-1,079,695
Redemptions (in Units)		-1,350,041
Net Income (Loss)	491,929	-271,337
Members' Capital	7,007,006	5,567,857
Members' Capital (in Units)	5,938,962	7,042,840
Total Members' Interest
Increase (Decrease) in Members' Capital
Members' Capital	147,800,719	167,217,495
Members' Capital (in Units)	87,952,580	125,668,741
Subscriptions	3,055,800	4,610,366
Subscriptions (in Units)	1,934,059	5,107,604
Redemptions	-4,344,556	-20,685,329
Redemptions (in Units)	-2,237,437	-17,013,083
Net Income (Loss)	11,141,128	-10,013,643
Members' Capital	$157,653,091	$141,128,889
Members' Capital (in Units)	87,649,202	113,763,262

FINANCIAL_DATA_HIGHLIGHTS

FINANCIAL DATA HIGHLIGHTS (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Class A
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$1.73		$1.35
Net realized and net change in unrealized trading profit (loss)	$0.18		($0.07)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0		$0	[1]
Expenses	($0.05)		($0.01)
Net asset value, end of period	$1.86		$1.27
Total Return:
Total return before Performance fees (as a percent)	9.46%	[2],[3]	-6.01%	[2],[3]
Performance fees (as a percent)	-1.97%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	7.49%	[2],[3]	-6.01%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	0.99%	[3],[4]	0.99%	[3],[4]
Performance fees (as a percent)	1.88%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	2.87%	[3]	0.99%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-0.99%	[3]	-0.99%	[3]
Performance fees (as a percent)	-1.88%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-2.87%	[3]	-0.99%	[3]
Class C
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$1.58		$1.24
Net realized and net change in unrealized trading profit (loss)	$0.17		($0.06)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0		$0	[1]
Expenses	($0.05)		($0.02)
Net asset value, end of period	$1.69		$1.16
Total Return:
Total return before Performance fees (as a percent)	9.17%	[2],[3]	-6.25%	[2],[3]
Performance fees (as a percent)	-1.96%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	7.21%	[2],[3]	-6.25%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	1.25%	[3],[4]	1.24%	[3],[4]
Performance fees (as a percent)	1.88%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	3.13%	[3]	1.24%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-1.25%	[3]	-1.24%	[3]
Performance fees (as a percent)	-1.88%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-3.13%	[3]	-1.24%	[3]
Class D
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$2.04		$1.57
Net realized and net change in unrealized trading profit (loss)	$0.22		($0.08)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0.00		$0	[1]
Expenses	($0.05)		($0.01)
Net asset value, end of period	$2.21		$1.48
Total Return:
Total return before Performance fees (as a percent)	9.83%	[2],[3]	-5.66%	[2],[3]
Performance fees (as a percent)	-1.97%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	7.86%	[2],[3]	-5.66%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	0.62%	[3],[4]	0.62%	[3],[4]
Performance fees (as a percent)	1.88%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	2.50%	[3]	0.62%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-0.62%	[3]	-0.62%	[3]
Performance fees (as a percent)	-1.88%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-2.50%	[3]	-0.62%	[3]
Class I
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$1.78		$1.40
Net realized and net change in unrealized trading profit (loss)	$0.19		($0.07)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0.00		$0	[1]
Expenses	($0.05)		($0.01)
Net asset value, end of period	$1.92		$1.31
Total Return:
Total return before Performance fees (as a percent)	9.65%	[2],[3]	-5.92%	[2],[3]
Performance fees (as a percent)	-1.98%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	7.67%	[2],[3]	-5.92%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	0.89%	[3],[4]	0.89%	[3],[4]
Performance fees (as a percent)	1.88%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	2.77%	[3]	0.89%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-0.89%	[3]	-0.89%	[3]
Performance fees (as a percent)	-1.88%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-2.77%	[3]	-0.89%	[3]
Class DS
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$2.03		$1.56
Net realized and net change in unrealized trading profit (loss)	$0.22		($0.08)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0.00		$0	[1]
Expenses	($0.05)		($0.01)
Net asset value, end of period	$2.19		$1.47
Total Return:
Total return before Performance fees (as a percent)	9.81%	[2],[3]	-5.66%	[2],[3]
Performance fees (as a percent)	-1.97%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	7.84%	[2],[3]	-5.66%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	0.62%	[3],[4]	0.62%	[3],[4]
Performance fees (as a percent)	1.88%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	2.50%	[3]	0.62%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-0.62%	[3]	-0.62%	[3]
Performance fees (as a percent)	-1.88%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-2.50%	[3]	-0.62%	[3]
Class DT
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$2.15		$1.64
Net realized and net change in unrealized trading profit (loss)	$0.23		($0.08)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0.00		$0	[1]
Expenses	($0.04)		($0.01)
Net asset value, end of period	$2.34		$1.55
Total Return:
Total return before Performance fees (as a percent)	9.96%	[2],[3]	-5.54%	[2],[3]
Performance fees (as a percent)	-1.50%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	8.46%	[2],[3]	-5.54%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	0.49%	[3],[4]	0.50%	[3],[4]
Performance fees (as a percent)	1.43%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	1.92%	[3]	0.50%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-0.49%	[3]	-0.50%	[3]
Performance fees (as a percent)	-1.43%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-1.92%	[3]	-0.50%	[3]
Class M
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period	$1.09		$0.84
Net realized and net change in unrealized trading profit (loss)	$0.12		($0.04)
Brokerage commissions	($0.00)		($0.00)
Interest income, net	$0		$0	[1]
Expenses	($0.03)		($0.00)
Net asset value, end of period	$1.18		$0.79
Total Return:
Total return before Performance fees (as a percent)	9.88%	[2],[3]	-5.66%	[2],[3]
Performance fees (as a percent)	-1.97%	[2],[3]	0.00%	[2],[3]
Total return after Performance fees (as a percent)	7.91%	[2],[3]	-5.66%	[2],[3]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	0.62%	[3],[4]	0.62%	[3],[4]
Performance fees (as a percent)	1.88%	[3]	0.00%	[3]
Expenses (including Performance fees) (as a percent)	2.50%	[3]	0.62%	[3]
Net investment income (loss) (excluding Performance fees) (as a percent)	-0.62%	[3]	-0.62%	[3]
Performance fees (as a percent)	-1.88%	[3]	0.00%	[3]
Net investment income (loss) (including Performance fees) (as a percent)	-2.50%	[3]	-0.62%	[3]
[1]	Interest income, net is less than $0.0001 per Unit.
[2]	The total return is calculated for each class taken as a whole based on the change in net asset value. An individual member’s return may vary from these returns based on timing of capital transactions.
[3]	The ratios and total return are not annualized.
[4]	The expense ratios do not include brokerage commissions.

FINANCIAL_DATA_HIGHLIGHTS_Pare

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

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2015
ORGANIZATION
ORGANIZATION	1.ORGANIZATION
	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 (“Trading Advisor”) is the trading advisor of the Fund.
	Merrill Lynch Alternative Investments LLC (“MLAI”, the “Sponsor” or the “Managing Member”) 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 of its affiliates or third parties as F/X or other over-the-counter (“OTC”) prime brokers. 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.
	The Fund considers all highly liquid investments, with a maturity of three months or less when acquired, to be cash equivalents. As of March 31, 2015 the Fund holds cash equivalents. Cash was held at a nationally recognized financial institution.
	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, 2015 and December 31, 2014 and the results of its operations for the three month periods ended March 31, 2015 and 2014.  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, 2014.
	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, 2015
CONDENSED SCHEDULES OF INVESTMENTS
CONDENSED SCHEDULES OF INVESTMENTS	2.CONDENSED SCHEDULES OF INVESTMENTS
	The Fund’s investments, defined as unrealized profit (loss) on open contracts on the Statements of Financial Condition, as of March 31, 2015 and December 31, 2014 are as follows:
	March 31, 2015
		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	128	$	(19,758	)	-0.01	%	(1,591	)	$	1,797,221		1.14	%	$	1,777,463		1.13	%	April 2015 - July 2015
	Currencies - Futures	—	—			0	%	(80	)	(7,821		)	0	%	(7,821		)	0	%	June 2015
	Currencies - Forwards*	159,795,691	301,111			0.19	%	(241,683,397	)	(1,119,983		)	-0.71	%	(818,872		)	-0.52	%	June 2015
	Energy	—	—			0	%	(475	)	390,166			0.25	%	390,166			0.25	%	April 2015 - June 2015
	Interest rates	4,417	2,456,560			1.56	%	(131	)	(55,796		)	-0.04	%	2,400,764			1.52	%	June 2015 - September 2017
	Metals	77	2,493			0	%	(678	)	273,173			0.17	%	275,666			0.17	%	May 2015 - July 2015
	Stock indices	1,402	365,204			0.23	%	(231	)	4,664			0	%	369,868			0.23	%	April 2015 - June 2015
	Total		$	3,105,610		1.97	%			$	1,281,624		0.81	%	$	4,387,234		2.78	%
	December 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	320	$	(176,604	)	-0.12	%	(897	)	$	676,248		0.46	%	$	499,644		0.34	%	February 2015 - April 2015
	Currencies - Futures	—	—			0	%	(106	)	72,529			0.05	%	72,529			0.05	%	March 2015
	Currencies - Forwards*	177,986,978	(2,561,819		)	-1.73	%	(305,534,846	)	4,117,934			2.79	%	1,556,115			1.06	%	March 2015
	Energy	—	—			0	%	(627	)	3,389,623			2.29	%	3,389,623			2.29	%	January 2015 - December 2015
	Interest rates	4,974	4,862,228			3.29	%	(509	)	(41,179		)	-0.03	%	4,821,049			3.26	%	March 2015 - June 2017
	Metals	358	(930,978		)	-0.63	%	(502	)	613,650			0.42	%	(317,328		)	-0.21	%	February 2015 - April 2015
	Stock indices	1,294	1,070,026			0.72	%	(158	)	(158,225		)	-0.11	%	911,801			0.61	%	January 2015 - March 2015
	Total		$	2,262,853		1.53	%			$	8,670,580		5.87	%	$	10,933,433		7.4	%
	*Currencies — Forwards present notional amounts as converted to USD.
	No individual contract’s unrealized profit or loss comprised greater than 5% of Members’ Capital as of March 31, 2015 and December 31, 2014. 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 a rough 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, 2015
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 hierarchical 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.
	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 the process for determining fair values.
	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 observable prices of investments with similar characteristics and these are generally classified as Level II investments. The Fund determined that Level II investments would include its forwards and certain futures contracts.
	Transfers of investments between different levels of the fair value hierarchy, if any, are recorded as of the beginning of the reporting period.
	The Fund’s unrealized profit (loss) on open forwards and futures contracts, by the above fair value hierarchy levels, as of March 31, 2015 and December 31, 2014 are as follows:
	Net unrealized profit (loss)
	on open contracts	Total		Level I			Level II			Level III
	Assets
	Futures	$	6,857,608	$	6,060,675		$	796,933		$	—
	Forwards	1,963,661		—			1,963,661			—
		$	8,821,269	$	6,060,675		$	2,760,594		$	—
	Liabilities
	Futures	$	1,651,502	$	1,279,748		$	371,754		$	—
	Forwards	2,782,533		—			2,782,533			—
		$	4,434,035	$	1,279,748		$	3,154,287		$	—
	March 31, 2015	$	4,387,234	$	4,780,927		$	(393,693	)	$	—
	Net unrealized profit (loss)
	on open contracts	Total		Level I			Level II			Level III
	Assets
	Futures	$	11,405,220	$	10,808,290		$	596,930		$	—
	Forwards	4,676,369		—			4,676,369			—
		$	16,081,589	$	10,808,290		$	5,273,299		$	—
	Liabilities
	Futures	$	2,027,902	$	1,081,090		$	946,812		$	—
	Forwards	3,120,254		—			3,120,254			—
		$	5,148,156	$	1,081,090		$	4,067,066		$	—
	December 31, 2014	$	10,933,433	$	9,727,200		$	1,206,233		$	—
	The Fund’s volume of trading forwards and futures as of the three month period ended March 31, 2015 and year ended December 31, 2014 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, 2015 or the year ended December 31, 2014.
	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, number of contracts and fair values of derivative instruments by contract type/commodity sector are disclosed in Note 2.
	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, 2015 and December 31, 2014, 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 gross on the Statements of Financial Condition in Unrealized profit or loss on futures or forwards contracts, respectively. The Fund is subject to agreements which support the ability to settle net with their counterparties; however, the Fund has elected to present the related balances on the Statements of Financial Condition on a gross basis. The net of these amounts less the restricted cash presented within the Cash in the Equity in commodity trading accounts on the Statements of Financial Condition represents the Fund’s net exposure.
	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, 2015 and 2014:
		For the three months ended		For the three months ended
		March 31, 2015		March 31, 2014
	Commodity Industry	profit (loss)		profit (loss)
	Sector	from trading, net		from trading, net
	Agriculture	$	1,705,458	$	211,670
	Currencies	2,010,797		319,535
	Energy	1,327,651		(1,421,430		)
	Interest rates	7,037,884		(2,709,222		)
	Metals	596,358		(2,576,551		)
	Stock indices	2,994,644		(2,142,575		)
	Total	$	15,672,792	$	(8,318,573	)
	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, 2015
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 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 the Trading Advisor, 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 the Trading Advisor 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 the Trading Advisor.
	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 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. This policy may increase risk to the Fund by preventing the diversification of brokers used by the Fund.
	The Fund, in its normal course of business, enters into various contracts, with MLPF&S acting as its futures clearing broker. Due to the relationship with MLPF&S, in the event of default, all futures balances are eligible for offset with a net settlement due to MLPF&S.  Due to the relationship with MLI, in the event of default, all forwards balances are eligible for offset with a net settlement due to MLI.
	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, 2015
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 managed or sponsored by MLAI. During the quarter ended March 31, 2015, the rate ranged from 0.018% to 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, 2015 and 2014 amounted to $7,711 and $8,280, respectively, of which $5,653 and $4,674 was payable to the Transfer Agent as of March 31, 2015 and December 31, 2014, 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 Unrealized profit/loss, as presented on the Statements of Financial Condition are held with a related party.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2015
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	6. RECENT ACCOUNTING PRONOUNCEMENTS
	In May 2015, the Financial Accounting Standards Board ("FASB") issued ASU 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent. ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. It also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. ASU 2015-07 will be effective for the Fund beginning in the first quarter of 2016, with early adoption permitted, and will be applied retrospectively. MLAI is currently evaluating the standard and does not believe it will have a material impact on the Fund's financial statements.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	7.   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.

ORGANIZATION_Policies

ORGANIZATION (Policies)	3 Months Ended
	Mar. 31, 2015
ORGANIZATION
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, 2015
CONDENSED SCHEDULES OF INVESTMENTS
Schedule of net unrealized profit (loss) on open contracts in the Statements of Financial Condition
	March 31, 2015
		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	128	$	(19,758	)	-0.01	%	(1,591	)	$	1,797,221		1.14	%	$	1,777,463		1.13	%	April 2015 - July 2015
	Currencies - Futures	—	—			0	%	(80	)	(7,821		)	0	%	(7,821		)	0	%	June 2015
	Currencies - Forwards*	159,795,691	301,111			0.19	%	(241,683,397	)	(1,119,983		)	-0.71	%	(818,872		)	-0.52	%	June 2015
	Energy	—	—			0	%	(475	)	390,166			0.25	%	390,166			0.25	%	April 2015 - June 2015
	Interest rates	4,417	2,456,560			1.56	%	(131	)	(55,796		)	-0.04	%	2,400,764			1.52	%	June 2015 - September 2017
	Metals	77	2,493			0	%	(678	)	273,173			0.17	%	275,666			0.17	%	May 2015 - July 2015
	Stock indices	1,402	365,204			0.23	%	(231	)	4,664			0	%	369,868			0.23	%	April 2015 - June 2015
	Total		$	3,105,610		1.97	%			$	1,281,624		0.81	%	$	4,387,234		2.78	%
	December 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	320	$	(176,604	)	-0.12	%	(897	)	$	676,248		0.46	%	$	499,644		0.34	%	February 2015 - April 2015
	Currencies - Futures	—	—			0	%	(106	)	72,529			0.05	%	72,529			0.05	%	March 2015
	Currencies - Forwards*	177,986,978	(2,561,819		)	-1.73	%	(305,534,846	)	4,117,934			2.79	%	1,556,115			1.06	%	March 2015
	Energy	—	—			0	%	(627	)	3,389,623			2.29	%	3,389,623			2.29	%	January 2015 - December 2015
	Interest rates	4,974	4,862,228			3.29	%	(509	)	(41,179		)	-0.03	%	4,821,049			3.26	%	March 2015 - June 2017
	Metals	358	(930,978		)	-0.63	%	(502	)	613,650			0.42	%	(317,328		)	-0.21	%	February 2015 - April 2015
	Stock indices	1,294	1,070,026			0.72	%	(158	)	(158,225		)	-0.11	%	911,801			0.61	%	January 2015 - March 2015
	Total		$	2,262,853		1.53	%			$	8,670,580		5.87	%	$	10,933,433		7.4	%
	*Currencies — Forwards present notional amounts as converted to USD.

FAIR_VALUE_OF_INVESTMENTS_Tabl

FAIR VALUE OF INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
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)
	on open contracts	Total		Level I			Level II			Level III
	Assets
	Futures	$	6,857,608	$	6,060,675		$	796,933		$	—
	Forwards	1,963,661		—			1,963,661			—
		$	8,821,269	$	6,060,675		$	2,760,594		$	—
	Liabilities
	Futures	$	1,651,502	$	1,279,748		$	371,754		$	—
	Forwards	2,782,533		—			2,782,533			—
		$	4,434,035	$	1,279,748		$	3,154,287		$	—
	March 31, 2015	$	4,387,234	$	4,780,927		$	(393,693	)	$	—
	Net unrealized profit (loss)
	on open contracts	Total		Level I			Level II			Level III
	Assets
	Futures	$	11,405,220	$	10,808,290		$	596,930		$	—
	Forwards	4,676,369		—			4,676,369			—
		$	16,081,589	$	10,808,290		$	5,273,299		$	—
	Liabilities
	Futures	$	2,027,902	$	1,081,090		$	946,812		$	—
	Forwards	3,120,254		—			3,120,254			—
		$	5,148,156	$	1,081,090		$	4,067,066		$	—
	December 31, 2014	$	10,933,433	$	9,727,200		$	1,206,233		$	—
Schedule of the 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, 2015		March 31, 2014
	Commodity Industry	profit (loss)		profit (loss)
	Sector	from trading, net		from trading, net
	Agriculture	$	1,705,458	$	211,670
	Currencies	2,010,797		319,535
	Energy	1,327,651		(1,421,430		)
	Interest rates	7,037,884		(2,709,222		)
	Metals	596,358		(2,576,551		)
	Stock indices	2,994,644		(2,142,575		)
	Total	$	15,672,792	$	(8,318,573	)

CONDENSED_SCHEDULES_OF_INVESTM2

CONDENSED SCHEDULES OF INVESTMENTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$4,387,234	$10,933,433
Percent of Members' Capital	2.78%	7.40%
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	1,777,463	499,644
Percent of Members' Capital	1.13%	0.34%
Currencies | Futures
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	-7,821	72,529
Percent of Members' Capital	0.00%	0.05%
Currencies | Forwards
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	-818,872	1,556,115
Percent of Members' Capital	-0.52%	1.06%
Energy
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	390,166	3,389,623
Percent of Members' Capital	0.25%	2.29%
Interest rates
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	2,400,764	4,821,049
Percent of Members' Capital	1.52%	3.26%
Metals
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	275,666	-317,328
Percent of Members' Capital	0.17%	-0.21%
Stock indices
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	369,868	911,801
Percent of Members' Capital	0.23%	0.61%
Long Positions
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	3,105,610	2,262,853
Percent of Members' Capital	1.97%	1.53%
Long Positions | Agriculture
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	128	320
Net Unrealized Profit (Loss) on Open Positions	-19,758	-176,604
Percent of Members' Capital	-0.01%	-0.12%
Long Positions | Currencies | Futures
CONDENSED SCHEDULES OF INVESTMENTS
Percent of Members' Capital	0.00%	0.00%
Long Positions | Currencies | Forwards
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	159,795,691	177,986,978
Net Unrealized Profit (Loss) on Open Positions	301,111	-2,561,819
Percent of Members' Capital	0.19%	-1.73%
Long Positions | Energy
CONDENSED SCHEDULES OF INVESTMENTS
Percent of Members' Capital	0.00%	0.00%
Long Positions | Interest rates
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	4,417	4,974
Net Unrealized Profit (Loss) on Open Positions	2,456,560	4,862,228
Percent of Members' Capital	1.56%	3.29%
Long Positions | Metals
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	77	358
Net Unrealized Profit (Loss) on Open Positions	2,493	-930,978
Percent of Members' Capital	0.00%	-0.63%
Long Positions | Stock indices
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	1,402	1,294
Net Unrealized Profit (Loss) on Open Positions	365,204	1,070,026
Percent of Members' Capital	0.23%	0.72%
Short Positions
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	1,281,624	8,670,580
Percent of Members' Capital	0.81%	5.87%
Short Positions | Agriculture
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	1,591	897
Net Unrealized Profit (Loss) on Open Positions	1,797,221	676,248
Percent of Members' Capital	1.14%	0.46%
Short Positions | Currencies | Futures
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	80	106
Net Unrealized Profit (Loss) on Open Positions	-7,821	72,529
Percent of Members' Capital	0.00%	0.05%
Short Positions | Currencies | Forwards
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	241,683,397	305,534,846
Net Unrealized Profit (Loss) on Open Positions	-1,119,983	4,117,934
Percent of Members' Capital	-0.71%	2.79%
Short Positions | Energy
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	475	627
Net Unrealized Profit (Loss) on Open Positions	390,166	3,389,623
Percent of Members' Capital	0.25%	2.29%
Short Positions | Interest rates
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	131	509
Net Unrealized Profit (Loss) on Open Positions	-55,796	-41,179
Percent of Members' Capital	-0.04%	-0.03%
Short Positions | Metals
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	678	502
Net Unrealized Profit (Loss) on Open Positions	273,173	613,650
Percent of Members' Capital	0.17%	0.42%
Short Positions | Stock indices
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	231	158
Net Unrealized Profit (Loss) on Open Positions	$4,664	($158,225)
Percent of Members' Capital	0.00%	-0.11%

FAIR_VALUE_OF_INVESTMENTS_Deta

FAIR VALUE OF INVESTMENTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
FAIR VALUE OF INVESTMENTS
Fair value assets, amount transferred between measurement levels	$0	$0
Fair value liabilities, amount transferred between measurement levels	0	0
Fair value of investments
Net unrealized profit (loss) on open contracts	4,387,234	10,933,433
Total
Fair value of investments
Assets	8,821,269	16,081,589
Liabilities	4,434,035	5,148,156
Net unrealized profit (loss) on open contracts	4,387,234	10,933,433
Total | Futures
Fair value of investments
Assets	6,857,608	11,405,220
Liabilities	1,651,502	2,027,902
Total | Forwards
Fair value of investments
Assets	1,963,661	4,676,369
Liabilities	2,782,533	3,120,254
Level I
Fair value of investments
Assets	6,060,675	10,808,290
Liabilities	1,279,748	1,081,090
Net unrealized profit (loss) on open contracts	4,780,927	9,727,200
Level I | Futures
Fair value of investments
Assets	6,060,675	10,808,290
Liabilities	1,279,748	1,081,090
Level II
Fair value of investments
Assets	2,760,594	5,273,299
Liabilities	3,154,287	4,067,066
Net unrealized profit (loss) on open contracts	-393,693	1,206,233
Level II | Futures
Fair value of investments
Assets	796,933	596,930
Liabilities	371,754	946,812
Level II | Forwards
Fair value of investments
Assets	1,963,661	4,676,369
Liabilities	$2,782,533	$3,120,254

FAIR_VALUE_OF_INVESTMENTS_Deta1

FAIR VALUE OF INVESTMENTS (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Trading gains and losses
Profit (loss) from trading, Net	$15,672,792	($8,318,573)
Agriculture
Trading gains and losses
Profit (loss) from trading, Net	1,705,458	211,670
Currencies
Trading gains and losses
Profit (loss) from trading, Net	2,010,797	319,535
Energy
Trading gains and losses
Profit (loss) from trading, Net	1,327,651	-1,421,430
Interest rates
Trading gains and losses
Profit (loss) from trading, Net	7,037,884	-2,709,222
Metals
Trading gains and losses
Profit (loss) from trading, Net	596,358	-2,576,551
Stock indices
Trading gains and losses
Profit (loss) from trading, Net	$2,994,644	($2,142,575)

MARKET_AND_CREDIT_RISKS_Detail

MARKET AND CREDIT RISKS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
	claim
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, 2015	Mar. 31, 2014	Dec. 31, 2014
Related party transactions
Fees allocated to Fund	$7,711	$8,280
Fees payable	$5,653		$4,674
Minimum
Related party transactions
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.02%
Fee rate based on aggregate asset level (as a percent)	0.02%
Maximum
Related party transactions
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.02%
Fee rate based on aggregate asset level (as a percent)	0.02%