Aspect FuturesAccess 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2015shares
Document and Entity Information
Entity Registrant Name	Aspect FuturesAccess LLC
Entity Central Index Key	1,309,132
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
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	81,751,098
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

STATEMENTS OF FINANCIAL CONDITI

STATEMENTS OF FINANCIAL CONDITION - USD ($)		Sep. 30, 2015	Dec. 31, 2014
Equity in commodity trading accounts:
Cash (including restricted cash of $18,929,925 for 2015 and $25,744,662 for 2014)		$ 137,160,199	$ 144,270,669
Unrealized profit on open futures contracts		4,496,028	11,405,220
Unrealized profit on open forwards contracts		1,176,362	4,676,369
Cash and cash equivalents		539,471	525,336
Other assets		10	5,490
TOTAL ASSETS		143,372,070	160,883,084
LIABILITIES:
Brokerage commissions payable		11,465	20,409
Sponsor and Advisory fees payable		430,070	4,128,764
Redemptions payable		1,133,568	2,382,533
Unrealized loss on open futures contracts		2,145,223	2,027,902
Unrealized loss on open forwards contracts		1,271,693	3,120,254
Other liabilities		1,424,843	1,402,503
Total liabilities		6,416,862	13,082,365
MEMBERS' CAPITAL:
Members' Capital (81,751,098 Units and 87,952,580 Units outstanding; unlimited Units authorized)		136,955,208	147,800,719
Total members' capital		136,955,208	147,800,719
TOTAL LIABILITIES AND MEMBERS' CAPITAL		143,372,070	160,883,084
Class A
MEMBERS' CAPITAL:
Total members' capital		$ 24,302,212	$ 21,386,741
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)		$ 1.8005	$ 1.7318
Class C
MEMBERS' CAPITAL:
Total members' capital		$ 83,050,559	$ 77,465,333
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)		$ 1.6258	$ 1.5768
Class D
MEMBERS' CAPITAL:
Total members' capital		$ 6,449,873	$ 5,075,852
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)		$ 2.1462	$ 2.0448
Class I
MEMBERS' CAPITAL:
Total members' capital		$ 2,261,365	$ 2,150,219
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)		$ 1.8746	$ 1.7810
Class DS
MEMBERS' CAPITAL:
Total members' capital	[1]		$ 23,951,811
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)	[1]		$ 2.0290
Class DT
MEMBERS' CAPITAL:
Total members' capital		$ 12,074,787	$ 11,715,686
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)		$ 2.2836	$ 2.1534
Class M
MEMBERS' CAPITAL:
Total members' capital		$ 8,816,412	$ 6,055,077
NET ASSET VALUE PER UNIT:
Net asset value per unit (in dollars per unit)		$ 1.1491	$ 1.0933
[1]	Units fully redeemed as of April 30, 2015.

STATEMENTS OF FINANCIAL CONDIT3

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
STATEMENTS OF FINANCIAL CONDITION
Cash, restricted cash	$ 18,929,925	$ 25,744,662
Units outstanding	81,751,098	87,952,580

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
TRADING PROFIT (LOSS):
Realized, net		$ 13,777,894	$ 8,139,832	$ 21,014,122	$ 12,037,864
Change in unrealized, net		3,050,849	574,416	(8,677,959)	(3,420,423)
Brokerage commissions		(101,600)	(130,237)	(349,025)	(412,821)
Total trading profit (loss), net		16,727,143	8,584,011	11,987,138	8,204,620
INVESTMENT INCOME (EXPENSE):
Interest, net		(685)	3,087	(288)	2,312
EXPENSES:
Management fee		656,101	639,754	2,075,519	2,076,260
Sponsor fee		606,151	483,663	1,779,770	1,579,535
Performance fee				2,862,990
Other		177,255	119,653	522,993	475,914
Total expenses		1,439,507	1,243,070	7,241,272	4,131,709
NET INVESTMENT INCOME (LOSS)		(1,440,192)	(1,239,983)	(7,241,560)	(4,129,397)
NET INCOME (LOSS)		$ 15,286,951	$ 7,344,028	4,745,578	4,075,223
Class A
EXPENSES:
NET INCOME (LOSS)				$ 957,697	$ 525,295
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)		13,444,100	13,536,957	12,865,998	15,266,514
Net income (loss) per weighted average Unit (in dollars per unit)		$ 0.2007	$ 0.0765	$ 0.0744	$ 0.0344
Class C
EXPENSES:
NET INCOME (LOSS)				$ 2,495,288	$ 1,338,224
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)		51,262,497	52,041,755	50,378,623	58,140,722
Net income (loss) per weighted average Unit (in dollars per unit)		$ 0.1795	$ 0.0672	$ 0.0495	$ 0.0230
Class D
EXPENSES:
NET INCOME (LOSS)				$ 373,921	$ 206,908
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)		3,005,210	2,482,366	2,656,657	2,482,366
Net income (loss) per weighted average Unit (in dollars per unit)		$ 0.2490	$ 0.0959	$ 0.1407	$ 0.0834
Class I
EXPENSES:
NET INCOME (LOSS)				$ 106,371	$ (21,109)
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)		1,226,316	1,245,489	1,227,322	2,633,491
Net income (loss) per weighted average Unit (in dollars per unit)		$ 0.2150	$ 0.0807	$ 0.0867	$ (0.0080)
Class DS
EXPENSES:
NET INCOME (LOSS)	[1]			$ (304,922)	$ 1,066,442
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)	[2]		14,756,637	11,455,528	16,649,063
Net income (loss) per weighted average Unit (in dollars per unit)	[2]		$ 0.0964	$ (0.0266)	$ 0.0641
Class DT
EXPENSES:
NET INCOME (LOSS)				$ 724,603	$ 597,646
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)		5,150,361	6,920,809	5,241,290	7,693,947
Net income (loss) per weighted average Unit (in dollars per unit)		$ 0.2701	$ 0.1031	$ 0.1382	$ 0.0777
Class M
EXPENSES:
NET INCOME (LOSS)				$ 392,620	$ 361,817
NET INCOME (LOSS) PER UNIT:
Weighted average number of Units outstanding (in units)		7,541,857	6,465,538	6,600,598	6,254,717
Net income (loss) per weighted average Unit (in dollars per unit)		$ 0.1303	$ 0.0522	$ 0.0595	$ 0.0578
[1]	Units fully redeemed as of April 30, 2015.
[2]	Units fully redeemed as of April 30, 2015. (Presentation of weighted average units outstanding and net income (loss) per weighted average units for this share class is for the period January 1, 2015 to April 30, 2015.)

STATEMENTS OF CHANGES IN MEMBER

STATEMENTS OF CHANGES IN MEMBERS' CAPITAL - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Increase (Decrease) in Members' Capital
Members' Capital				$ 147,800,719
Members' Capital (in Units)				87,952,580
Net Income (Loss)		$ 15,286,951	$ 7,344,028	$ 4,745,578	$ 4,075,223
Members' Capital		$ 136,955,208		$ 136,955,208
Members' Capital (in Units)		81,751,098		81,751,098
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				$ 3,164,851	$ 113,081
Subscriptions (in Units)				1,836,309	86,884
Redemptions				$ (1,207,077)	$ (6,893,987)
Redemptions (in Units)				(688,513)	(5,262,002)
Net Income (Loss)				$ 957,697	$ 525,295
Members' Capital		$ 24,302,212	$ 18,552,723	$ 24,302,212	$ 18,552,723
Members' Capital (in Units)		13,497,323	13,178,568	13,497,323	13,178,568
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				$ 7,636,518	$ 3,257,730
Subscriptions (in Units)				4,799,024	2,698,155
Redemptions				$ (4,546,580)	$ (25,052,283)
Redemptions (in Units)				(2,846,979)	(20,867,009)
Net Income (Loss)				$ 2,495,288	$ 1,338,224
Members' Capital		$ 83,050,559	$ 64,919,130	$ 83,050,559	$ 64,919,130
Members' Capital (in Units)		51,081,786	50,540,105	51,081,786	50,540,105
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
Subscriptions				$ 1,000,100
Subscriptions (in Units)				522,844
Net Income (Loss)				$ 373,921	$ 206,908
Members' Capital		$ 6,449,873	$ 4,099,494	$ 6,449,873	$ 4,099,494
Members' Capital (in Units)		3,005,209	2,482,365	3,005,209	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
Subscriptions				$ 112,000
Subscriptions (in Units)				58,000
Redemptions				$ (107,225)	$ (3,985,985)
Redemptions (in Units)				(59,008)	(2,920,099)
Net Income (Loss)				$ 106,371	$ (21,109)
Members' Capital		$ 2,261,365	$ 1,806,423	$ 2,261,365	$ 1,806,423
Members' Capital (in Units)		1,206,308	1,236,363	1,206,308	1,236,363
Class DS
Increase (Decrease) in Members' Capital
Members' Capital	[1]			$ 23,951,811	$ 29,551,548
Members' Capital (in Units)	[1]			11,804,527	18,932,203
Subscriptions	[1]			$ 161,403	$ 2,273,745
Subscriptions (in Units)	[1]			73,442	1,510,111
Redemptions	[1]			$ (23,808,292)	$ (9,529,835)
Redemptions (in Units)	[1]			(11,877,969)	(6,231,377)
Net Income (Loss)	[1]			$ (304,922)	$ 1,066,442
Members' Capital	[1]		$ 23,361,900		$ 23,361,900
Members' Capital (in Units)	[1]		14,210,937		14,210,937
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
Subscriptions				$ 2,270,636
Subscriptions (in Units)				1,026,778
Redemptions				$ (2,636,138)	$ (3,294,813)
Redemptions (in Units)				(1,179,674)	(2,017,863)
Net Income (Loss)				$ 724,603	$ 597,646
Members' Capital		$ 12,074,787	$ 11,311,863	$ 12,074,787	$ 11,311,863
Members' Capital (in Units)		5,287,724	6,513,830	5,287,724	6,513,830
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				$ 2,485,000	$ 3,587,534
Subscriptions (in Units)				2,240,914	4,430,945
Redemptions				$ (116,285)	$ (2,238,339)
Redemptions (in Units)				(106,650)	(2,738,042)
Net Income (Loss)				$ 392,620	$ 361,817
Members' Capital		$ 8,816,412	$ 5,478,033	$ 8,816,412	$ 5,478,033
Members' Capital (in Units)		7,672,748	6,196,276	7,672,748	6,196,276
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				$ 16,830,508	$ 9,232,090
Subscriptions (in Units)				10,557,311	8,726,095
Redemptions				$ (32,421,597)	$ (50,995,242)
Redemptions (in Units)				(16,758,793)	(40,036,392)
Net Income (Loss)				$ 4,745,578	$ 4,075,223
Members' Capital		$ 136,955,208	$ 129,529,566	$ 136,955,208	$ 129,529,566
Members' Capital (in Units)		81,751,098	94,358,444	81,751,098	94,358,444
[1]	Units fully redeemed as of April 30, 2015.

FINANCIAL DATA HIGHLIGHTS

FINANCIAL DATA HIGHLIGHTS - $ / shares		3 Months Ended				9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Class A
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period		$ 1.5966		$ 1.3311		$ 1.7318		$ 1.3517
Net realized and net change in unrealized trading profit (loss)		0.2230		0.0921		0.1601		0.1026
Brokerage commissions		(0.0013)		(0.0014)		(0.0044)		(0.0039)
Interest income, net		0	[1]	0	[1]	0		0	[1]
Expenses		(0.0178)		(0.0140)		(0.0870)		(0.0426)
Net asset value, before full redemption						1.8005
Net asset value, end of period		$ 1.8005		$ 1.4078		$ 1.8005		$ 1.4078
Total Return:
Total return before Performance fees (as a percent)	[2]	12.78%	[3]	5.76%	[4]	5.94%	[3]	4.15%	[4]
Performance fees (as a percent)	[2]	0.00%	[3]	0.00%	[4]	(1.97%)	[3]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]	12.78%	[3]	5.76%	[4]	3.97%	[3]	4.15%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]	1.02%		0.97%		3.02%		2.97%
Performance fees (as a percent)	[2]	0.00%		0.00%		1.88%		0.00%
Expenses (including Performance fees) (as a percent)	[2]	1.02%		0.97%		4.90%		2.97%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]	(1.02%)		(0.97%)		(3.02%)		(2.96%)
Performance fees (as a percent)	[2]	0.00%		0.00%		(1.88%)		0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]	(1.02%)		(0.97%)		(4.90%)		(2.96%)
Class C
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period		$ 1.4459		$ 1.2175		$ 1.5768		$ 1.2426
Net realized and net change in unrealized trading profit (loss)		0.2012		0.0841		0.1440		0.0936
Brokerage commissions		(0.0012)		(0.0013)		(0.0040)		(0.0036)
Interest income, net		0	[1]	0	[1]	0		0	[1]
Expenses		(0.0201)		(0.0158)		(0.0910)		(0.0481)
Net asset value, before full redemption						1.6258
Net asset value, end of period		$ 1.6258		$ 1.2845		$ 1.6258		$ 1.2845
Total Return:
Total return before Performance fees (as a percent)	[2]	12.44%	[3]	5.50%	[4]	5.08%	[3]	3.37%	[4]
Performance fees (as a percent)	[2]	0.00%	[3]	0.00%	[4]	(1.97%)	[3]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]	12.44%	[3]	5.50%	[4]	3.11%	[3]	3.37%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]	1.27%		1.22%		3.77%		3.72%
Performance fees (as a percent)	[2]	0.00%		0.00%		1.88%		0.00%
Expenses (including Performance fees) (as a percent)	[2]	1.27%		1.22%		5.65%		3.72%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]	(1.27%)		(1.22%)		(3.77%)		(3.72%)
Performance fees (as a percent)	[2]	0.00%		0.00%		(1.88%)		0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]	(1.27%)		(1.22%)		(5.65%)		(3.72%)
Class D
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period		$ 1.8940		$ 1.5556		$ 2.0448		$ 1.5681
Net realized and net change in unrealized trading profit (loss)		0.2671		0.1078		0.1860		0.1205
Brokerage commissions		(0.0016)		(0.0016)		(0.0052)		(0.0045)
Interest income, net		0	[1]	0	[1]	0		0	[1]
Expenses		(0.0133)		(0.0104)		(0.0794)		(0.0327)
Net asset value, before full redemption						2.1462
Net asset value, end of period		$ 2.1462		$ 1.6514		$ 2.1462		$ 1.6514
Total Return:
Total return before Performance fees (as a percent)	[2]	13.31%	[3]	6.16%	[4]	6.93%	[3]	5.31%	[4]
Performance fees (as a percent)	[2]	0.00%	[3]	0.00%	[4]	(1.97%)	[3]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]	13.31%	[3]	6.16%	[4]	4.96%	[3]	5.31%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]	0.64%		0.60%		1.89%		1.84%
Performance fees (as a percent)	[2]	0.00%		0.00%		1.88%		0.00%
Expenses (including Performance fees) (as a percent)	[2]	0.64%		0.60%		3.77%		1.84%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]	(0.64%)		(0.59%)		(1.89%)		(1.84%)
Performance fees (as a percent)	[2]	0.00%		0.00%		(1.88%)		0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]	(0.64%)		(0.59%)		(3.77%)		(1.84%)
Class I
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period		$ 1.6619		$ 1.3800		$ 1.7810		$ 1.3987
Net realized and net change in unrealized trading profit (loss)		0.2308		0.0955		0.1832		0.1065
Brokerage commissions		(0.0014)		(0.0014)		(0.0046)		(0.0040)
Interest income, net		0	[1]	0	[1]	0		0	[1]
Expenses		(0.0167)		(0.0130)		(0.0850)		(0.0401)
Net asset value, before full redemption						1.8746
Net asset value, end of period		$ 1.8746		$ 1.4611		$ 1.8746		$ 1.4611
Total Return:
Total return before Performance fees (as a percent)	[2]	12.80%	[3]	5.87%	[4]	7.25%	[3]	4.46%	[4]
Performance fees (as a percent)	[2]	0.00%	[3]	0.00%	[4]	(1.99%)	[3]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]	12.80%	[3]	5.87%	[4]	5.26%	[3]	4.46%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]	0.92%		0.87%		2.72%		2.67%
Performance fees (as a percent)	[2]	0.00%		0.00%		1.88%		0.00%
Expenses (including Performance fees) (as a percent)	[2]	0.92%		0.87%		4.60%		2.67%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]	(0.92%)		(0.87%)		(2.72%)		(2.66%)
Performance fees (as a percent)	[2]	0.00%		0.00%		(1.88%)		0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]	(0.92%)		(0.87%)		(4.60%)		(2.66%)
Class DS
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period				$ 1.5486		$ 2.0290	[6]	$ 1.5609
Net realized and net change in unrealized trading profit (loss)				0.1074		0.0233	[6]	0.1200
Brokerage commissions				(0.0016)		(0.0023)	[6]	(0.0045)
Interest income, net				0	[1]	0.0001	[6]	0	[1]
Expenses				(0.0105)		(0.0574)	[6]	(0.0325)
Net asset value, before full redemption	[6]					1.9927
Less redemption	[6]					$ 1.9927
Net asset value, end of period				$ 1.6439				$ 1.6439
Total Return:
Total return before Performance fees (as a percent)	[2]			6.15%	[4]	0.18%	[3],[6]	5.31%	[4]
Performance fees (as a percent)	[2]			0.00%	[4]	(1.97%)	[3],[6]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]			6.15%	[4]	(1.79%)	[3],[6]	5.31%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]			0.60%		1.83%	[6]	1.84%
Performance fees (as a percent)	[2]			0.00%		1.88%	[6]	0.00%
Expenses (including Performance fees) (as a percent)	[2]			0.60%		3.71%	[6]	1.84%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]			(0.59%)		(1.83%)	[6]	(1.84%)
Performance fees (as a percent)	[2]			0.00%		(1.88%)	[6]	0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]			(0.59%)		(3.71%)	[6]	(1.84%)
Class DT
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period		$ 2.0146		$ 1.6335		$ 2.1534		$ 1.6420
Net realized and net change in unrealized trading profit (loss)		0.2820		0.1133		0.2014		0.1268
Brokerage commissions		(0.0017)		(0.0017)		(0.0055)		(0.0048)
Interest income, net		0	[1]	0	[1]	0		0	[1]
Expenses		(0.0113)		(0.0085)		(0.0657)		(0.0274)
Net asset value, before full redemption						2.2836
Net asset value, end of period		$ 2.2836		$ 1.7366		$ 2.2836		$ 1.7366
Total Return:
Total return before Performance fees (as a percent)	[2]	13.36%	[3]	6.31%	[4]	7.55%	[3]	5.76%	[4]
Performance fees (as a percent)	[2]	0.00%	[3]	0.00%	[4]	(1.50%)	[3]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]	13.36%	[3]	6.31%	[4]	6.05%	[3]	5.76%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]	0.51%		0.47%		1.51%		1.47%
Performance fees (as a percent)	[2]	0.00%		0.00%		1.43%		0.00%
Expenses (including Performance fees) (as a percent)	[2]	0.51%		0.47%		2.94%		1.47%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]	(0.51%)		(0.47%)		(1.51%)		(1.46%)
Performance fees (as a percent)	[2]	0.00%		0.00%		(1.43%)		0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]	(0.51%)		(0.47%)		(2.94%)		(1.46%)
Class M
Increase (Decrease) in Net Asset Value Per Unit
Net asset value, beginning of period		$ 1.0152		$ 0.8327		$ 1.0933		$ 0.8365
Net realized and net change in unrealized trading profit (loss)		0.1419		0.0577		0.1011		0.0645
Brokerage commissions		(0.0009)		(0.0009)		(0.0028)		(0.0024)
Interest income, net		0	[1]	0	[1]	0		0	[1]
Expenses		(0.0071)		(0.0054)		(0.0425)		(0.0145)
Net asset value, before full redemption						1.1491
Net asset value, end of period		$ 1.1491		$ 0.8841		$ 1.1491		$ 0.8841
Total Return:
Total return before Performance fees (as a percent)	[2]	13.19%	[3]	6.17%	[4]	7.08%	[3]	5.69%	[4]
Performance fees (as a percent)	[2]	0.00%	[3]	0.00%	[4]	(1.97%)	[3]	0.00%	[4]
Total return after Performance fees (as a percent)	[2]	13.19%	[3]	6.17%	[4]	5.11%	[3]	5.69%	[4]
Ratios to Average Member's Capital:
Expenses (excluding Performance fees) (as a percent)	[2],[5]	0.64%		0.60%		1.89%		1.84%
Performance fees (as a percent)	[2]	0.00%		0.00%		1.88%		0.00%
Expenses (including Performance fees) (as a percent)	[2]	0.64%		0.60%		3.77%		1.84%
Net investment income (loss) (excluding Performance fees) (as a percent)	[2]	(0.64%)		(0.59%)		(1.89%)		(1.84%)
Performance fees (as a percent)	[2]	0.00%		0.00%		(1.88%)		0.00%
Net investment income (loss) (including Performance fees) (as a percent)	[2]	(0.64%)		(0.59%)		(3.77%)		(1.84%)
[1]	Interest income, net is less than $0.0001 per Unit.
[2]	The ratios and total return are not annualized.
[3]	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.
[4]	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.
[5]	The expense ratios do not include brokerage commissions.
[6]	Units fully redeemed as of April 30, 2015.

FINANCIAL DATA HIGHLIGHTS (Pare

FINANCIAL DATA HIGHLIGHTS (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2014
Maximum
Interest income, net	$ 0.0001	$ 0.0001	$ 0.0001

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2015
ORGANIZATION
ORGANIZATION	1. ORGANIZATION Aspect FuturesAccess LLC (the “Fund”), a FuturesAccess SM 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. The Trading Advisor trades the Aspect Diversified Program (the “Trading Program”) for 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 “BofA Corp.”. 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 BofA Corp. 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 BofA Corp. FuturesAccess Funds currently are composed of direct-trading funds advised by a single trading advisor and a single fund of funds no longer offered to investors 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, BofA Corp. 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 September 30, 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 September 30, 2015 and December 31, 2014 and the results of its operations for the three and nine month periods ended September 30, 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 INVESTME

CONDENSED SCHEDULES OF INVESTMENTS	9 Months Ended
	Sep. 30, 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 September 30, 2015 and December 31, 2014, are as follows: September 30, 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 $ ) -0.14 % ) $ % $ ) -0.01 % November 2015 - February 2016 Currencies - Futures — — % ) % % December 2015 Currencies - Forwards* ) -0.63 % ) % ) -0.07 % December 2015 Energy — — % ) % % October 2015 - December 2015 Interest rates % ) ) % % December 2015 - March 2018 Metals ) -0.04 % ) ) -0.15 % ) -0.19 % December 2015 - January 2016 Stock indices ) -0.03 % ) % % October 2015 - December 2015 Total $ % $ % $ % 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 $ ) -0.12 % ) $ % $ % February 2015 - April 2015 Currencies - Futures — — % ) % % March 2015 Currencies - Forwards* ) -1.73 % ) % % March 2015 Energy — — % ) % % January 2015 - December 2015 Interest rates % ) ) -0.03 % % March 2015 - June 2017 Metals ) -0.63 % ) % ) -0.21 % February 2015 - April 2015 Stock indices % ) ) -0.11 % % January 2015 - March 2015 Total $ % $ % $ % *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 September 30, 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 (losses) 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	9 Months Ended
	Sep. 30, 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. There were no transfers to or from any level during the three or nine month periods ended September 30, 2015 or the year ended December 31, 2014. The Fund’s unrealized profit (loss) on open forwards and futures contracts, by the above fair value hierarchy levels, as of September 30, 2015 and December 31, 2014, are as follows: Net unrealized profit (loss) on open contracts Total Level I Level II Level III Assets Futures $ $ $ $ — Forwards — — $ $ $ $ — Liabilities Futures $ $ $ $ — Forwards — — $ $ $ $ — September 30, 2015 $ $ $ ) $ — Net unrealized profit (loss) on open contracts Total Level I Level II Level III Assets Futures $ $ $ $ — Forwards — — $ $ $ $ — Liabilities Futures $ $ $ $ — Forwards — — $ $ $ $ — December 31, 2014 $ $ $ $ — The Fund’s volume of trading forwards and futures as of the nine month period ended September 30, 2015 and year ended December 31, 2014 are representative of the activity throughout these periods. 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 are 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 September 30, 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 commodity industry sector for each of the three and nine month periods ended September 30, 2015 and 2014: For the three months ended For the nine months ended September 30, 2015 September 30, 2015 Commodity Industry profit (loss) profit (loss) Sector from trading, net from trading, net Agriculture $ $ ) Currencies ) Energy Interest rates Metals Stock indices ) Total, net $ $ For the three months ended For the nine months ended September 30, 2014 September 30, 2014 Commodity Industry profit (loss) profit (loss) Sector from trading, net from trading, net Agriculture $ $ Currencies ) Energy Interest rates Metals ) ) Stock indices ) ) Total, net $ $ The Fund is subject to the risk of insolvency of a counterparty, an exchange, a clearinghouse, MLPF&S or other BofA Corp. 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	9 Months Ended
	Sep. 30, 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 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 BofA Corp. affiliates, such as MLPF&S and MLI, although MLAI may engage non-BofA Corp. 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 BofA Corp. 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	9 Months Ended
	Sep. 30, 2015
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS MLAI owns 50 Class D Units which represent less than 1% of the Fund’s Net Asset Value as of September 30, 2015. 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 BofA Corp. 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 September 30, 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 September 30, 2015, and 2014 amounted to $15,156 and $6,474, respectively. The Transfer Agent fee allocated to the Fund for the nine month periods ended September 30, 2015 and 2014 amounted to $47,994 and $21,649, respectively, of which $15,422 and $4,674 was payable to the Transfer Agent as of September 30, 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 PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 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. 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	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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 INVEST16

CONDENSED SCHEDULES OF INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
CONDENSED SCHEDULES OF INVESTMENTS
Schedule of net unrealized profit (loss) on open contracts on the Statements of Financial Condition	September 30, 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 $ ) -0.14 % ) $ % $ ) -0.01 % November 2015 - February 2016 Currencies - Futures — — % ) % % December 2015 Currencies - Forwards* ) -0.63 % ) % ) -0.07 % December 2015 Energy — — % ) % % October 2015 - December 2015 Interest rates % ) ) % % December 2015 - March 2018 Metals ) -0.04 % ) ) -0.15 % ) -0.19 % December 2015 - January 2016 Stock indices ) -0.03 % ) % % October 2015 - December 2015 Total $ % $ % $ % 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 $ ) -0.12 % ) $ % $ % February 2015 - April 2015 Currencies - Futures — — % ) % % March 2015 Currencies - Forwards* ) -1.73 % ) % % March 2015 Energy — — % ) % % January 2015 - December 2015 Interest rates % ) ) -0.03 % % March 2015 - June 2017 Metals ) -0.63 % ) % ) -0.21 % February 2015 - April 2015 Stock indices % ) ) -0.11 % % January 2015 - March 2015 Total $ % $ % $ % *Currencies — Forwards present notional amounts as converted to USD.

FAIR VALUE OF INVESTMENTS (Tabl

FAIR VALUE OF INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 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 $ $ $ $ — Forwards — — $ $ $ $ — Liabilities Futures $ $ $ $ — Forwards — — $ $ $ $ — September 30, 2015 $ $ $ ) $ — Net unrealized profit (loss) on open contracts Total Level I Level II Level III Assets Futures $ $ $ $ — Forwards — — $ $ $ $ — Liabilities Futures $ $ $ $ — Forwards — — $ $ $ $ — December 31, 2014 $ $ $ $ —
Schedule of the trading profits and losses before brokerage commissions, by commodity industry sector	For the three months ended For the nine months ended September 30, 2015 September 30, 2015 Commodity Industry profit (loss) profit (loss) Sector from trading, net from trading, net Agriculture $ $ ) Currencies ) Energy Interest rates Metals Stock indices ) Total, net $ $ For the three months ended For the nine months ended September 30, 2014 September 30, 2014 Commodity Industry profit (loss) profit (loss) Sector from trading, net from trading, net Agriculture $ $ Currencies ) Energy Interest rates Metals ) ) Stock indices ) ) Total, net $ $

CONDENSED SCHEDULES OF INVEST18

CONDENSED SCHEDULES OF INVESTMENTS (Details)	Sep. 30, 2015USD ($)contract	Dec. 31, 2014USD ($)contract
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 2,255,474	$ 10,933,433
Percent of Members' Capital	1.64%	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	$ (13,351)	$ 499,644
Percent of Members' Capital	(0.01%)	0.34%
Currencies | Futures
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 3,416	$ 72,529
Percent of Members' Capital	0.00%	0.05%
Currencies | Forwards
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ (95,331)	$ 1,556,115
Percent of Members' Capital	(0.07%)	1.06%
Energy
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 595,332	$ 3,389,623
Percent of Members' Capital	0.43%	2.29%
Interest rates
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 1,849,173	$ 4,821,049
Percent of Members' Capital	1.35%	3.26%
Metals
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ (261,547)	$ (317,328)
Percent of Members' Capital	(0.19%)	(0.21%)
Stock indices
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 177,782	$ 911,801
Percent of Members' Capital	0.13%	0.61%
Long Positions
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 698,127	$ 2,262,853
Percent of Members' Capital	0.51%	1.53%
Long Positions | Agriculture
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	255	320
Net Unrealized Profit (Loss) on Open Positions	$ (185,241)	$ (176,604)
Percent of Members' Capital	(0.14%)	(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	$ 83,368,865	$ 177,986,978
Net Unrealized Profit (Loss) on Open Positions	$ (869,073)	$ (2,561,819)
Percent of Members' Capital	(0.63%)	(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 | contract	4,552	4,974
Net Unrealized Profit (Loss) on Open Positions	$ 1,849,413	$ 4,862,228
Percent of Members' Capital	1.35%	3.29%
Long Positions | Metals
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	175	358
Net Unrealized Profit (Loss) on Open Positions	$ (57,811)	$ (930,978)
Percent of Members' Capital	(0.04%)	(0.63%)
Long Positions | Stock indices
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	107	1,294
Net Unrealized Profit (Loss) on Open Positions	$ (39,161)	$ 1,070,026
Percent of Members' Capital	(0.03%)	0.72%
Short Positions
CONDENSED SCHEDULES OF INVESTMENTS
Net Unrealized Profit (Loss) on Open Positions	$ 1,557,347	$ 8,670,580
Percent of Members' Capital	1.13%	5.87%
Short Positions | Agriculture
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	978	897
Net Unrealized Profit (Loss) on Open Positions	$ 171,890	$ 676,248
Percent of Members' Capital	0.13%	0.46%
Short Positions | Currencies | Futures
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	28	106
Net Unrealized Profit (Loss) on Open Positions	$ 3,416	$ 72,529
Percent of Members' Capital	0.00%	0.05%
Short Positions | Currencies | Forwards
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional	$ 153,195,296	$ 305,534,846
Net Unrealized Profit (Loss) on Open Positions	$ 773,742	$ 4,117,934
Percent of Members' Capital	0.56%	2.79%
Short Positions | Energy
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	519	627
Net Unrealized Profit (Loss) on Open Positions	$ 595,332	$ 3,389,623
Percent of Members' Capital	0.43%	2.29%
Short Positions | Interest rates
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	3	509
Net Unrealized Profit (Loss) on Open Positions	$ (240)	$ (41,179)
Percent of Members' Capital	0.00%	(0.03%)
Short Positions | Metals
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	812	502
Net Unrealized Profit (Loss) on Open Positions	$ (203,736)	$ 613,650
Percent of Members' Capital	(0.15%)	0.42%
Short Positions | Stock indices
CONDENSED SCHEDULES OF INVESTMENTS
Number of Contracts/Notional | contract	356	158
Net Unrealized Profit (Loss) on Open Positions	$ 216,943	$ (158,225)
Percent of Members' Capital	0.16%	(0.11%)

FAIR VALUE OF INVESTMENTS (Deta

FAIR VALUE OF INVESTMENTS (Details) - USD ($)	Sep. 30, 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	2,255,474	10,933,433
Total
Fair value of investments
Assets	5,672,390	16,081,589
Liabilities	3,416,916	5,148,156
Net unrealized profit (loss) on open contracts	2,255,474	10,933,433
Total | Futures
Fair value of investments
Assets	4,496,028	11,405,220
Liabilities	2,145,223	2,027,902
Total | Forwards
Fair value of investments
Assets	1,176,362	4,676,369
Liabilities	1,271,693	3,120,254
Level I
Fair value of investments
Assets	4,019,900	10,808,290
Liabilities	1,468,991	1,081,090
Net unrealized profit (loss) on open contracts	2,550,909	9,727,200
Level I | Futures
Fair value of investments
Assets	4,019,900	10,808,290
Liabilities	1,468,991	1,081,090
Level II
Fair value of investments
Assets	1,652,490	5,273,299
Liabilities	1,947,925	4,067,066
Net unrealized profit (loss) on open contracts	(295,435)	1,206,233
Level II | Futures
Fair value of investments
Assets	476,128	596,930
Liabilities	676,232	946,812
Level II | Forwards
Fair value of investments
Assets	1,176,362	4,676,369
Liabilities	$ 1,271,693	$ 3,120,254

FAIR VALUE OF INVESTMENTS (De20

FAIR VALUE OF INVESTMENTS (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Trading gains and losses
Profit (loss) from trading, net	$ 16,828,743	$ 8,714,248	$ 12,336,163	$ 8,617,441
Agriculture
Trading gains and losses
Profit (loss) from trading, net	504,420	5,449,473	(223,781)	6,713,372
Currencies
Trading gains and losses
Profit (loss) from trading, net	1,905,411	(105,413)	(313,980)	863,687
Energy
Trading gains and losses
Profit (loss) from trading, net	6,900,763	1,658,364	5,000,737	483,040
Interest rates
Trading gains and losses
Profit (loss) from trading, net	4,307,943	2,865,687	2,070,400	4,798,243
Metals
Trading gains and losses
Profit (loss) from trading, net	4,089,870	(11,860)	4,612,164	(3,186,340)
Stock indices
Trading gains and losses
Profit (loss) from trading, net	$ (879,664)	$ (1,142,003)	$ 1,190,623	$ (1,054,561)

MARKET AND CREDIT RISKS (Detail

MARKET AND CREDIT RISKS (Details)	9 Months Ended
	Sep. 30, 2015USD ($)claim
Indemnifications
Number of claims made with respect to indemnities	0
Provision for loss contingency | $	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Related party transactions
Units owned (in units)	81,751,098		81,751,098		87,952,580
Fund's net asset value (as a percent)	1.64%		1.64%		7.40%
Class D
Related party transactions
Units owned (in units)	3,005,209	2,482,365	3,005,209	2,482,365	2,482,365	2,482,365
MLAI | Class D
Related party transactions
Units owned (in units)	50		50
MLAI | Maximum | Class D
Related party transactions
Fund's net asset value (as a percent)	1.00%		1.00%
Financial Data Services, Inc.
Related party transactions
Fees allocated to Fund	$ 15,156	$ 6,474	$ 47,994	$ 21,649
Fees payable	$ 15,422		$ 15,422		$ 4,674
Financial Data Services, Inc. | Minimum
Related party transactions
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.018%		0.016%
Financial Data Services, Inc. | Maximum
Related party transactions
Fee rate paid by MLAI based on aggregate net assets (as a percent)	0.02%		0.02%