Grant Park Futures Fund Limited Partnership 10-Q14 Aug 202020 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2020shares
Document and Entity Information
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Entity Registrant Name	GRANT PARK FUTURES FUND LIMITED PARTNERSHIP
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	0
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000845698
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Equity in brokers' trading accounts:
Cash	$ 13,206,316	$ 10,866,216
Total equity in brokers' trading accounts	8,947,651	14,236,389
Cash and cash equivalents	6,572,223	577,181
Securities owned, at fair value	31,546,347	50,080,807
Net interest and dividend receivable, net		5,553
Total assets	47,066,221	64,899,930
Liabilities
Brokerage charge payable	238,031	317,812
Accrued incentive fees	842	77,585
Organization and offering costs payable	11,181	15,480
Accrued operating expenses	9,794	13,494
Redemptions payable to limited partners	706,566	1,269,238
Interest and other liabilities	13,529	20,414
Total liabilities	979,943	1,714,023
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	46,086,278	63,185,907
Total liabilities and partners' capital (net asset value)	47,066,221	64,899,930
Class A
Partners' Capital (Net Asset Value)
General Partner	259,815	304,918
Limited Partners	3,157,652	3,710,803
Class B
Partners' Capital (Net Asset Value)
Limited Partners	29,104,789	41,821,340
Legacy 1 Class
Partners' Capital (Net Asset Value)
Limited Partners	347,464	414,242
Legacy 2 Class
Partners' Capital (Net Asset Value)
General Partner	183,096	212,682
Limited Partners	97,796	113,599
Global 1 Class
Partners' Capital (Net Asset Value)
General Partner	284,095	328,671
Limited Partners	11,837,505	15,265,460
Global 2 Class
Partners' Capital (Net Asset Value)
General Partner	163,289	189,151
Limited Partners	415,846	501,820
Global 3 Class
Partners' Capital (Net Asset Value)
Limited Partners	234,931	323,221
Futures Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	422,839	401,807
Forward Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	6,846	(69,073)
Swap Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	$ (4,688,350)	$ 3,037,439

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Securities owned, cost (in dollars)	$ 32,026,509	$ 50,013,633
Class A
General Partner, units outstanding	307.34	307.34
Limited Partners, units outstanding	3,735.31	3,740.34
Class B
Limited Partners, units outstanding	42,845.86	52,290.82
Legacy 1 Class
Limited Partners, units outstanding	484.34	497.72
Legacy 2 Class
General Partner, units outstanding	263.13	263.13
Limited Partners, units outstanding	140.55	140.55
Global 1 Class
General Partner, units outstanding	392.74	392.74
Limited Partners, units outstanding	16,364.44	18,241.21
Global 2 Class
General Partner, units outstanding	231.81	231.81
Limited Partners, units outstanding	590.33	614.97
Global 3 Class
Limited Partners, units outstanding	405.33	477.23

Consolidated Condensed Schedule

Consolidated Condensed Schedule of Investments - USD ($)		Jun. 30, 2020	Dec. 31, 2019
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Investments Owned, Cost		$ 32,026,509	$ 50,013,633
Investments Owned, Fair Value		31,546,347	50,080,807
Open long contracts \| Futures, Forward, and Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (4,111,472)	$ 3,744,861
Percent of Partners' Capital (Net Asset Value)		(8.92%)	5.92%
Open long contracts \| Forward Contracts \| Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (23,326)	$ (4,609)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.05%)	(0.01%)
Open long contracts \| Futures Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 600,204	$ 712,031
Percent of Partners' Capital (Net Asset Value)	[1]	1.30%	1.12%
Open long contracts \| Futures Contracts \| U.S. Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 352,806	$ 977,884
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	923	$ 177,229
Percent of Partners' Capital (Net Asset Value)	[1]		0.28%
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	(188)	$ 69,782
Percent of Partners' Capital (Net Asset Value)	[1]		0.11%
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 8,430	$ 321,136
Percent of Partners' Capital (Net Asset Value)	[1]	0.02%	0.50%
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 131,964	$ (62,078)
Percent of Partners' Capital (Net Asset Value)	[1]	0.29%	(0.10%)
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Meats
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]		$ (240)
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 185,229	$ 196,600
Percent of Partners' Capital (Net Asset Value)	[1]	0.40%	0.31%
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 20,537	$ 45,310
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%	0.07%
Open long contracts \| Futures Contracts \| U.S. Futures Positions \| Stock indices and single stock futures
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 5,911	$ 230,145
Percent of Partners' Capital (Net Asset Value)	[1]	0.01%	0.36%
Open long contracts \| Futures Contracts \| Foreign Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 247,398	$ (265,853)
Open long contracts \| Futures Contracts \| Foreign Futures Positions \| Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 225,969	$ (251,752)
Percent of Partners' Capital (Net Asset Value)	[1]	0.49%	(0.39%)
Open long contracts \| Futures Contracts \| Foreign Futures Positions \| Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 62,813	$ (71,872)
Percent of Partners' Capital (Net Asset Value)	[1]	0.14%	(0.11%)
Open long contracts \| Futures Contracts \| Foreign Futures Positions \| Stock indices
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (41,384)	$ 57,771
Percent of Partners' Capital (Net Asset Value)	[1]	(0.09%)	0.09%
Open long contracts \| Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (4,688,350)	$ 3,037,439
Percent of Partners' Capital (Net Asset Value)		(10.17%)	4.81%
Open long contracts \| Swap Contracts \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (2,136,220)	$ (612,793)
Percent of Partners' Capital (Net Asset Value)		(4.63%)	(0.97%)
Open long contracts \| Swap Contracts \| Deutsche Bank Total Return Swap Terminating June 30, 2025
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (2,552,130)
Percent of Partners' Capital (Net Asset Value)		(5.54%)
Open long contracts \| Swap Contracts \| Deutsche Bank Total Return Swap Terminating July 1, 2020
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts			$ 3,650,232
Percent of Partners' Capital (Net Asset Value)			5.78%
Open short contracts \| Futures, Forward, and Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (147,193)	$ (374,688)
Percent of Partners' Capital (Net Asset Value)		(0.32%)	(0.59%)
Open short contracts \| Forward Contracts \| Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 30,172	$ (64,464)
Percent of Partners' Capital (Net Asset Value)	[1]	0.06%	(0.10%)
Open short contracts \| Futures Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (177,365)	$ (310,224)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.38%)	(0.49%)
Open short contracts \| Futures Contracts \| U.S. Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (89,104)	$ (344,831)
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (97,374)	$ (21,745)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.21%)	(0.03%)
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 25,459	$ (63,469)
Percent of Partners' Capital (Net Asset Value)	[1]	0.05%	(0.10%)
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (33,550)	$ (236,395)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.07%)	(0.37%)
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]		$ 1,500
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Meats
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 7,850	(3,075)
Percent of Partners' Capital (Net Asset Value)	[1]	0.02%
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]		970
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (6,309)	$ 7,051
Percent of Partners' Capital (Net Asset Value)	[1]	(0.01%)	0.01%
Open short contracts \| Futures Contracts \| U.S. Futures Positions \| Stock indices and single stock futures
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 14,820	$ (29,668)
Percent of Partners' Capital (Net Asset Value)	[1]	0.03%	(0.04%)
Open short contracts \| Futures Contracts \| Foreign Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (88,261)	$ 34,607
Open short contracts \| Futures Contracts \| Foreign Futures Positions \| Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (53,636)	$ 34,460
Percent of Partners' Capital (Net Asset Value)	[1]	(0.12%)	0.05%
Open short contracts \| Futures Contracts \| Foreign Futures Positions \| Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (57,963)	$ (1,114)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.12%)
Open short contracts \| Futures Contracts \| Foreign Futures Positions \| Stock indices
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 23,338	1,261
Percent of Partners' Capital (Net Asset Value)	[1]	0.05%
Open contracts \| Futures, Forward, and Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (4,258,665)	$ 3,370,173
Percent of Partners' Capital (Net Asset Value)		(9.24%)	5.33%
Open contracts \| Forward Contracts \| Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 6,846	$ (69,073)
Percent of Partners' Capital (Net Asset Value)	[1]	0.01%	(0.11%)
Open contracts \| Futures Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 422,839	$ 401,807
Percent of Partners' Capital (Net Asset Value)	[1]	0.92%	0.63%
Open contracts \| Futures Contracts \| U.S. Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 263,702	$ 633,053
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (96,451)	$ 155,484
Percent of Partners' Capital (Net Asset Value)	[1]	(0.21%)	0.25%
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 25,271	$ 6,313
Percent of Partners' Capital (Net Asset Value)	[1]	0.05%	0.01%
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (25,120)	$ 84,741
Percent of Partners' Capital (Net Asset Value)	[1]	(0.05%)	0.13%
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 131,964	$ (60,578)
Percent of Partners' Capital (Net Asset Value)	[1]	0.29%	(0.10%)
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Meats
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 7,850	$ (3,315)
Percent of Partners' Capital (Net Asset Value)	[1]	0.02%	(0.01%)
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 185,229	$ 197,570
Percent of Partners' Capital (Net Asset Value)	[1]	0.40%	0.31%
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 14,228	$ 52,361
Percent of Partners' Capital (Net Asset Value)	[1]	0.03%	0.08%
Open contracts \| Futures Contracts \| U.S. Futures Positions \| Stock indices and single stock futures
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 20,731	$ 200,477
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%	0.32%
Open contracts \| Futures Contracts \| Foreign Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 159,137	$ (231,246)
Open contracts \| Futures Contracts \| Foreign Futures Positions \| Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 172,333	$ (217,292)
Percent of Partners' Capital (Net Asset Value)	[1]	0.37%	(0.34%)
Open contracts \| Futures Contracts \| Foreign Futures Positions \| Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 4,850	$ (72,986)
Percent of Partners' Capital (Net Asset Value)	[1]	0.02%	(0.11%)
Open contracts \| Futures Contracts \| Foreign Futures Positions \| Stock indices
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (18,046)	$ 59,032
Percent of Partners' Capital (Net Asset Value)	[1]	(0.04%)	0.09%
Open contracts \| Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (4,688,350)	$ 3,037,439
Percent of Partners' Capital (Net Asset Value)		(10.17%)	4.81%
Open contracts \| Swap Contracts \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (2,136,220)	$ (612,793)
Percent of Partners' Capital (Net Asset Value)		(4.63%)	(0.97%)
Open contracts \| Swap Contracts \| Deutsche Bank Total Return Swap Terminating June 30, 2025
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (2,552,130)
Percent of Partners' Capital (Net Asset Value)		(5.54%)
Open contracts \| Swap Contracts \| Deutsche Bank Total Return Swap Terminating July 1, 2020
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts			$ 3,650,232
Percent of Partners' Capital (Net Asset Value)			5.78%
Securities owned
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		68.45%	79.26%
Investments Owned, Cost		$ 32,026,509	$ 50,013,633
Investments Owned, Fair Value		$ 31,546,347	$ 50,080,807
Securities owned \| U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		43.54%	50.08%
Investments Owned, Cost		$ 19,999,375	$ 31,501,260
Investments Owned, Fair Value		$ 20,066,896	$ 31,644,430
Securities owned \| Federal Agricultural Mortgage Corp. \| U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		5.46%
Investments Owned, Face Value		$ 2,500,000
Investments Owned, Rate of Return		1.70%
Investments Owned, Fair Value		$ 2,516,450
Securities owned \| Federal Farm Credit Banks \| U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		5.43%	27.85%
Investments Owned, Face Value		$ 2,500,000	$ 17,500,000
Investments Owned, Rate of Return Range Minimum			1.60%
Investments Owned, Rate of Return Range Maximum			2.20%
Investments Owned, Rate of Return		1.60%
Investments Owned, Fair Value		$ 2,502,637	$ 17,594,846
Securities owned \| Federal Home Loan Banks \| U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		10.91%	22.23%
Investments Owned, Face Value		$ 5,000,000	$ 14,000,000
Investments Owned, Rate of Return Range Minimum			1.80%
Investments Owned, Rate of Return Range Maximum			2.30%
Investments Owned, Rate of Return		1.70%
Investments Owned, Fair Value		$ 5,028,188	$ 14,049,584
Securities owned \| Federal Home Loan Mortgage Corporation \| U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		21.74%
Investments Owned, Face Value		$ 10,000,000
Investments Owned, Rate of Return Range Minimum		0.50%
Investments Owned, Rate of Return Range Maximum		1.70%
Investments Owned, Fair Value		$ 10,019,621
Securities owned \| U.S. Exchange Traded Funds
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		16.24%	7.92%
Investments Owned, Cost		$ 8,030,281	$ 5,103,899
Investments Owned, Fair Value		$ 7,482,580	$ 5,004,400
Securities owned \| Amplify High Income ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.18%
Investments Owned, Shares		38,000
Investments Owned, Fair Value		$ 544,160
Securities owned \| Highland/iBoxx Senior Loan ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		2.90%	2.36%
Investments Owned, Shares		85,000	85,000
Investments Owned, Fair Value		$ 1,338,750	$ 1,490,900
Securities owned \| Invesco Preferred ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.53%
Investments Owned, Shares		50,000
Investments Owned, Fair Value		$ 706,000
Securities owned \| iShares Floating Rate Bond ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.10%
Investments Owned, Shares		10,000
Investments Owned, Fair Value		$ 505,900
Securities owned \| iShares Short Maturity Bond ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.09%
Investments Owned, Shares		10,000
Investments Owned, Fair Value		$ 500,100
Securities owned \| PIMCO Enhanced Short Maturity Active ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		3.14%	3.22%
Investments Owned, Shares		14,250	20,000
Investments Owned, Fair Value		$ 1,449,082	$ 2,031,800
Securities owned \| SPDR Bloomberg Barclays Short Term High Yield Bond ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		3.01%	2.34%
Investments Owned, Shares		55,000	55,000
Investments Owned, Fair Value		$ 1,386,000	$ 1,481,700
Securities owned \| VanEck Vectors Investment Grade Floating Rate ETF
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.09%
Investments Owned, Shares		20,000
Investments Owned, Fair Value		$ 500,520
Securities owned \| Other Exchange-Traded Funds
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)	[2]	1.20%
Investments Owned, Shares	[2]	17,403
Investments Owned, Fair Value	[2]	$ 552,068
Securities owned \| U.S. Treasury Bills \| U.S. Government securities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		8.67%	21.26%
Investments Owned, Face Value		$ 4,000,000	$ 13,500,000
Investments Owned, Rate of Return Range Minimum		0.20%	1.50%
Investments Owned, Rate of Return Range Maximum			2.00%
Investments Owned, Cost		$ 3,996,853	$ 13,408,474
Investments Owned, Fair Value		$ 3,996,871	$ 13,431,977

[1]	No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.
[2]	No individual position constituted greater than 1 percent of partners’ capital (net asset value).

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net gain (loss) from futures, forward, swap, and securities trading
Realized	$ (645)		$ (645)	$ 2,215
Change in unrealized	390,085	$ (4,248)	(447,556)	89,002
Net gains (losses) from securities	389,440	(4,248)	(448,201)	91,217
Net trading gains (losses)	1,172,398	1,932,592	(8,029,887)	3,804,855
Income
Interest income	72,954	174,555	214,719	381,758
Dividend income	85,490	137,170	171,557	194,144
Total income	158,444	311,725	386,276	575,902
Expenses from operations
Brokerage charge	586,807	830,346	1,245,636	1,711,765
Incentive fees	842	205,534	62,661	236,905
Organizational and offering costs	35,954	52,829	77,925	108,468
Operating expenses	31,398	45,955	67,935	94,275
Total expenses	655,001	1,134,664	1,454,157	2,151,413
Net investment loss	(496,557)	(822,939)	(1,067,881)	(1,575,511)
Net income (loss)	$ 675,841	$ 1,109,653	$ (9,097,768)	$ 2,229,344
Class A
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	$ 9.82	$ 13.27	$ (146.75)	$ 27.03
Class B
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	6.83	9.90	(120.49)	19.79
Legacy 1 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	12.42	15.39	(114.88)	30.97
Legacy 2 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	11.61	14.48	(112.44)	28.67
Global 1 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	13.52	16.49	(113.50)	32.19
Global 2 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	12.71	15.62	(111.57)	31.10
Global 3 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	$ 7.97	$ 10.38	$ (97.68)	$ 21.09
Futures Contracts
Net gain (loss) from futures, forward, swap, and securities trading
Realized	$ 1,160,943	$ 2,427,565	$ 290,839	$ 4,315,148
Change in unrealized	(552,536)	(205,963)	21,032	154,519
Commissions	(188,675)	(261,281)	(388,822)	(537,779)
Net gains (losses)	419,732	1,960,321	(76,951)	3,931,888
Forward Contracts
Net gain (loss) from futures, forward, swap, and securities trading
Realized	(14,955)	39,925	150,483	57,838
Change in unrealized	(3,507)	74,640	75,919	93,082
Commissions	(1,578)	(381)	(5,348)	(587)
Net gains (losses)	(20,040)	114,184	221,054	150,333
Swap Contracts
Net gain (loss) from futures, forward, swap, and securities trading
Change in unrealized	383,266	(137,665)	(7,725,789)	(368,583)
Net gains (losses)	$ 383,266	$ (137,665)	$ (7,725,789)	$ (368,583)

Consolidated Statements of Chan

Consolidated Statements of Changes in Partners' Capital (Net Asset Value) - USD ($)	Class AGeneral Partner	Class ALimited Partners	Class A	Class BLimited Partners	Class B	Legacy 1 ClassGeneral Partner	Legacy 1 ClassLimited Partners	Legacy 1 Class	Legacy 2 ClassGeneral Partner	Legacy 2 ClassLimited Partners	Legacy 2 Class	Global 1 ClassGeneral Partner	Global 1 ClassLimited Partners	Global 1 Class	Global 2 ClassGeneral Partner	Global 2 ClassLimited Partners	Global 2 Class	Global 3 ClassLimited Partners	Global 3 Class	Total
Increase (Decrease) in Partners' Capital
Net asset value per unit at end of period (in dollars per unit)			$ 946.24		$ 767.31			$ 776.34			$ 756.33			$ 777.40			$ 759.26		$ 640.57
Partners' capital, (net asset value) at Dec. 31, 2018	$ 290,822					$ 445,722			$ 199,013			$ 365,357			$ 176,000
Partners' capital, (net asset value) (in units) at Dec. 31, 2018	307.34					574.13			263.13			469.97			231.81
Partners' capital, (net asset value) at Dec. 31, 2018		$ 4,405,397		$ 51,282,621			$ 563,781			$ 126,227			$ 18,898,570			$ 558,876		$ 622,313
Partners' capital, (net asset value) (in units) at Dec. 31, 2018		4,655.70		66,834.11			726.20			166.90			24,310.14			736.07		971.50
Partners' capital, (net asset value) at Dec. 31, 2018																				$ 77,934,699
Increase (Decrease) in Partners' Capital
Contributions													$ 9,565							9,565
Contributions (in units)													12.36
Redemptions		$ (225,961)		$ (3,038,692)		$ (444,997)	$ (2,117)					$ (60,000)	$ (1,369,971)			$ (20,515)		$ (57,800)		(5,220,053)
Redemptions (in units)		(236.85)		(3,936.77)		(574.13)	(2.67)					(77.23)	(1,747.46)			(26.95)		(90.32)
Net income (loss)	$ 4,230	$ 62,667		$ 639,984		$ (725)	$ 11,314		$ 3,735	$ 2,369		$ 6,123	$ 366,002		$ 3,588	$ 11,026		$ 9,378		1,119,691
Partners' capital, (net asset value) at Mar. 31, 2019	$ 295,052								$ 202,748			$ 311,480			$ 179,588
Partners' capital, (net asset value) (in units) at Mar. 31, 2019	307.34								263.13			392.74			231.81
Partners' capital, (net asset value) at Mar. 31, 2019		$ 4,242,103		$ 48,883,913			$ 572,978			$ 128,596			$ 17,904,166			$ 549,387		$ 573,891
Partners' capital, (net asset value) (in units) at Mar. 31, 2019		4,418.85		62,897.34			723.53			166.90			22,575.04			709.12		881.18
Partners' capital, (net asset value) at Mar. 31, 2019																				73,843,902
Partners' capital, (net asset value) at Dec. 31, 2018	$ 290,822					$ 445,722			$ 199,013			$ 365,357			$ 176,000
Partners' capital, (net asset value) (in units) at Dec. 31, 2018	307.34					574.13			263.13			469.97			231.81
Partners' capital, (net asset value) at Dec. 31, 2018		$ 4,405,397		$ 51,282,621			$ 563,781			$ 126,227			$ 18,898,570			$ 558,876		$ 622,313
Partners' capital, (net asset value) (in units) at Dec. 31, 2018		4,655.70		66,834.11			726.20			166.90			24,310.14			736.07		971.50
Partners' capital, (net asset value) at Dec. 31, 2018																				77,934,699
Increase (Decrease) in Partners' Capital
Net income (loss)																				2,229,344
Partners' capital, (net asset value) at Jun. 30, 2019	$ 299,129								$ 206,557			$ 317,958			$ 183,210
Partners' capital, (net asset value) (in units) at Jun. 30, 2019	307.34								263.13			392.74			231.81
Partners' capital, (net asset value) at Jun. 30, 2019		$ 4,008,215		$ 45,579,932			$ 412,207			$ 131,013			$ 17,087,292			$ 560,468		$ 504,243
Partners' capital, (net asset value) (in units) at Jun. 30, 2019		4,118.32		57,908.40			510.60			166.90			21,106.13			709.12		762.09
Partners' capital, (net asset value) at Jun. 30, 2019																				69,290,224
Increase (Decrease) in Partners' Capital
Net asset value per unit at end of period (in dollars per unit)			960		777.20			791.92			770.52			793.10			774.74		651.28
Partners' capital, (net asset value) at Mar. 31, 2019	$ 295,052								$ 202,748			$ 311,480			$ 179,588
Partners' capital, (net asset value) (in units) at Mar. 31, 2019	307.34								263.13			392.74			231.81
Partners' capital, (net asset value) at Mar. 31, 2019		$ 4,242,103		$ 48,883,913			$ 572,978			$ 128,596			$ 17,904,166			$ 549,387		$ 573,891
Partners' capital, (net asset value) (in units) at Mar. 31, 2019		4,418.85		62,897.34			723.53			166.90			22,575.04			709.12		881.18
Partners' capital, (net asset value) at Mar. 31, 2019																				73,843,902
Increase (Decrease) in Partners' Capital
Redemptions		$ (292,558)		$ (3,933,703)			$ (170,421)						$ (1,187,862)					$ (78,787)		(5,663,331)
Redemptions (in units)		(300.53)		(4,988.94)			(212.93)						(1,468.91)					(119.09)
Net income (loss)	$ 4,077	$ 58,670		$ 629,722			$ 9,650		$ 3,809	$ 2,417		$ 6,478	$ 370,988		$ 3,622	$ 11,081		$ 9,139		1,109,653
Partners' capital, (net asset value) at Jun. 30, 2019	$ 299,129								$ 206,557			$ 317,958			$ 183,210
Partners' capital, (net asset value) (in units) at Jun. 30, 2019	307.34								263.13			392.74			231.81
Partners' capital, (net asset value) at Jun. 30, 2019		$ 4,008,215		$ 45,579,932			$ 412,207			$ 131,013			$ 17,087,292			$ 560,468		$ 504,243
Partners' capital, (net asset value) (in units) at Jun. 30, 2019		4,118.32		57,908.40			510.60			166.90			21,106.13			709.12		762.09
Partners' capital, (net asset value) at Jun. 30, 2019																				69,290,224
Increase (Decrease) in Partners' Capital
Net asset value per unit at end of period (in dollars per unit)			973.27		787.10			807.31			785			809.59			790.36		661.66
Net asset value per unit at end of period (in dollars per unit)			$ 992.10		$ 799.78			$ 832.28			$ 808.27			$ 836.87			$ 815.99		$ 677.29
Partners' capital, (net asset value) at Dec. 31, 2019	$ 304,918		$ 304,918						$ 212,682		$ 212,682	$ 328,671		$ 328,671	$ 189,151		$ 189,151
Partners' capital, (net asset value) (in units) at Dec. 31, 2019	307.34		307.34						263.13		263.13	392.74		392.74	231.81		231.81
Partners' capital, (net asset value) at Dec. 31, 2019		$ 3,710,803	$ 3,710,803	$ 41,821,340	$ 41,821,340		$ 414,242	$ 414,242		$ 113,599	$ 113,599		$ 15,265,460	$ 15,265,460		$ 501,820	$ 501,820	$ 323,221	$ 323,221
Partners' capital, (net asset value) (in units) at Dec. 31, 2019		3,740.34	3,740.34	52,290.82	52,290.82		497.72	497.72		140.55	140.55		18,241.21	18,241.21		614.97	614.97	477.23	477.23
Partners' capital, (net asset value) at Dec. 31, 2019																				63,185,907
Increase (Decrease) in Partners' Capital
Redemptions				$ (1,368,811)									$ (953,528)			$ (18,162)		$ (34,260)		(2,374,761)
Redemptions (in units)				(1,889.22)									(1,266.67)			(24.64)		(59.93)
Net income (loss)	$ (48,122)	$ (585,637)		$ (6,559,480)			$ (63,359)		$ (32,644)	$ (17,435)		$ (49,883)	$ (2,262,503)		$ (28,810)	$ (75,319)		$ (50,417)		(9,773,609)
Partners' capital, (net asset value) at Mar. 31, 2020	$ 256,796								$ 180,038			$ 278,788			$ 160,341
Partners' capital, (net asset value) (in units) at Mar. 31, 2020	307.34								263.13			392.74			231.81
Partners' capital, (net asset value) at Mar. 31, 2020		$ 3,125,166		$ 33,893,049			$ 350,883			$ 96,164			$ 12,049,429			$ 408,339		$ 238,544
Partners' capital, (net asset value) (in units) at Mar. 31, 2020		3,740.34		50,401.60			497.72			140.55			16,974.54			590.33		417.30
Partners' capital, (net asset value) at Mar. 31, 2020																				51,037,537
Partners' capital, (net asset value) at Dec. 31, 2019	$ 304,918		$ 304,918						$ 212,682		$ 212,682	$ 328,671		$ 328,671	$ 189,151		$ 189,151
Partners' capital, (net asset value) (in units) at Dec. 31, 2019	307.34		307.34						263.13		263.13	392.74		392.74	231.81		231.81
Partners' capital, (net asset value) at Dec. 31, 2019		$ 3,710,803	$ 3,710,803	$ 41,821,340	$ 41,821,340		$ 414,242	$ 414,242		$ 113,599	$ 113,599		$ 15,265,460	$ 15,265,460		$ 501,820	$ 501,820	$ 323,221	$ 323,221
Partners' capital, (net asset value) (in units) at Dec. 31, 2019		3,740.34	3,740.34	52,290.82	52,290.82		497.72	497.72		140.55	140.55		18,241.21	18,241.21		614.97	614.97	477.23	477.23
Partners' capital, (net asset value) at Dec. 31, 2019																				63,185,907
Increase (Decrease) in Partners' Capital
Net income (loss)																				(9,097,768)
Partners' capital, (net asset value) at Jun. 30, 2020	$ 259,815		$ 259,815						$ 183,096		$ 183,096	$ 284,095		$ 284,095	$ 163,289		$ 163,289
Partners' capital, (net asset value) (in units) at Jun. 30, 2020	307.34		307.34						263.13		263.13	392.74		392.74	231.81		231.81
Partners' capital, (net asset value) at Jun. 30, 2020		$ 3,157,652	$ 3,157,652	$ 29,104,789	$ 29,104,789		$ 347,464	$ 347,464		$ 97,796	$ 97,796		$ 11,837,505	$ 11,837,505		$ 415,846	$ 415,846	$ 234,931	$ 234,931
Partners' capital, (net asset value) (in units) at Jun. 30, 2020		3,735.31	3,735.31	42,845.86	42,845.86		484.34	484.34		140.55	140.55		16,364.44	16,364.44		590.33	590.33	405.33	405.33
Partners' capital, (net asset value) at Jun. 30, 2020																				46,086,278
Increase (Decrease) in Partners' Capital
Net asset value per unit at end of period (in dollars per unit)			$ 835.53		$ 672.46			$ 704.98			$ 684.22			$ 709.85			$ 691.71		$ 571.64
Partners' capital, (net asset value) at Mar. 31, 2020	$ 256,796								$ 180,038			$ 278,788			$ 160,341
Partners' capital, (net asset value) (in units) at Mar. 31, 2020	307.34								263.13			392.74			231.81
Partners' capital, (net asset value) at Mar. 31, 2020		$ 3,125,166		$ 33,893,049			$ 350,883			$ 96,164			$ 12,049,429			$ 408,339		$ 238,544
Partners' capital, (net asset value) (in units) at Mar. 31, 2020		3,740.34		50,401.60			497.72			140.55			16,974.54			590.33		417.30
Partners' capital, (net asset value) at Mar. 31, 2020																				51,037,537
Increase (Decrease) in Partners' Capital
Redemptions		$ (4,260)		$ (5,163,878)			$ (9,569)						$ (449,393)							(5,627,100)
Redemptions (in units)		(5.03)		(7,555.74)			(13.38)						(619.71)
Transfers in (out)													$ 6,983					$ (6,983)
Transfers in (out) (in shares)													9.61					(11.97)
Net income (loss)	$ 3,019	$ 36,746		$ 375,618			$ 6,150		$ 3,058	$ 1,632		$ 5,307	$ 230,486		$ 2,948	$ 7,507		$ 3,370		675,841
Partners' capital, (net asset value) at Jun. 30, 2020	$ 259,815		$ 259,815						$ 183,096		$ 183,096	$ 284,095		$ 284,095	$ 163,289		$ 163,289
Partners' capital, (net asset value) (in units) at Jun. 30, 2020	307.34		307.34						263.13		263.13	392.74		392.74	231.81		231.81
Partners' capital, (net asset value) at Jun. 30, 2020		$ 3,157,652	$ 3,157,652	$ 29,104,789	$ 29,104,789		$ 347,464	$ 347,464		$ 97,796	$ 97,796		$ 11,837,505	$ 11,837,505		$ 415,846	$ 415,846	$ 234,931	$ 234,931
Partners' capital, (net asset value) (in units) at Jun. 30, 2020		3,735.31	3,735.31	42,845.86	42,845.86		484.34	484.34		140.55	140.55		16,364.44	16,364.44		590.33	590.33	405.33	405.33
Partners' capital, (net asset value) at Jun. 30, 2020																				$ 46,086,278
Increase (Decrease) in Partners' Capital
Net asset value per unit at end of period (in dollars per unit)			$ 845.35		$ 679.29			$ 717.40			$ 695.83			$ 723.37			$ 704.42		$ 579.61

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	6 Months Ended
Nature of Business and Significant Accounting Policies	Jun. 30, 2020
Nature of Business and Significant Accounting Policies
Nature of Business and Significant Accounting Policies	Note 1. Nature of Business and Significant Accounting Policies Nature of business: Grant Park Futures Fund Limited Partnership (the “Partnership”) was organized as a limited partnership under Illinois law in August 1988 and will continue until December 31, 2027, unless terminated sooner as provided for in its Limited Partnership Agreement. As a commodity investment pool, the Partnership is subject to the regulations of the Commodity Futures Trading Commission (“CFTC”), an agency of the United States (U.S.) government which regulates most aspects of the commodity futures industry; rules of the National Futures Association, an industry self-regulatory organization; and the requirements of the various commodity exchanges where the Partnership executes transactions. Additionally, the Partnership is subject to the requirements of futures commission merchants (“FCMs”) and interbank and other market makers through which the Partnership trades. The Partnership is a registrant with the Securities and Exchange Commission (“SEC”), and, accordingly is subject to the regulatory requirements under the Securities Exchange Act of 1934, as amended. Prior to April 1, 2019, the Partnership was also subject to the regulatory requirements under the Securities Act of 1933, as amended. Effective April 1, 2019, limited partnership units of the Partnership were no longer offered for sale. For existing investors in the Partnership, business has been and will be conducted as usual. There was no change in the trading, operations, or monthly statements, etc., and redemption requests will continue to be offered on a monthly basis. The Partnership engages in the speculative trading of futures and forward contracts for commodities, financial instruments or currencies, any rights pertaining thereto and any options thereon, or on physical commodities, equities, listed options, swap transactions and broad based exchange-traded funds. The Partnership may also engage in hedge, arbitrage and cash trading of commodities and futures. The Partnership is a multi-advisor commodity pool that invests the assets of each class of the Partnership in the Partnership’s subsidiary limited liability trading companies (each, a “Trading Company” and collectively, the “Trading Companies”) which (i) enter into advisory agreements with the independent commodity trading advisors retained by the general partner; (ii) enter into swap transactions or derivative instruments tied to the performance of certain reference traders; and/or (iii) allocate assets to the Partnership’s cash management trading company. The Partnership’s general partner, commodity pool operator and sponsor is Dearborn Capital Management, L.L.C. (“the General Partner”), an Illinois limited liability company. The Trading Companies were set up to, among other things, segregate risk by commodity trading advisor or reference trader. Effectively, this structure isolates one trading advisor or reference trader from another and any losses from one Trading Company will not carry over to the other Trading Companies. The following is a list of the Trading Companies, for which the Partnership is the sole member and all of which were organized as Delaware limited liability companies: GP 1, LLC (“GP 1”) GP 5, LLC (“GP 5”) GP 11, LLC (“GP 11”) GP 3, LLC (“GP 3”) GP 8, LLC (“GP 8”) GP 18, LLC (“GP 18”) GP 4, LLC (“GP 4”) GP 9, LLC (“GP 9”) There were no assets allocated to GP 8, GP 9 and GP 11 as of June 30, 2020, and there were no assets allocated to GP 11 as of December 31, 2019. Additionally, GP Cash Management, LLC (“GP Cash Management”) was created as a Delaware limited liability company to collectively manage and invest excess cash not required to be held at clearing brokers. The excess cash is held in a separate account in the name of GP Cash Management, LLC and custodied at State Street Bank and Trust Company or may be invested in mutual funds. The members of GP Cash Management are the Trading Companies. Classes of interests: The Partnership has seven classes of limited partner interests (each, a “Class” and collectively, the “Interests”), Class A, Class B, Legacy 1 Class, Legacy 2 Class, Global Alternative Markets 1 (“Global 1”) Class, Global Alternative Markets 2 (“Global 2”) Class and Global Alternative Markets 3 (“Global 3”) Class units. Both Class A and Class B units are traded pursuant to identical trading programs and differ only in respect to the brokerage charge and organization and offering costs payable to the General Partner. Both Legacy 1 Class and Legacy 2 Class units are traded pursuant to trading programs pursuing a technical trend trading philosophy, which is the same trading philosophy used for the Class A and Class B units. The Legacy 1 Class and Legacy 2 Class units differ only in respect to the brokerage charge payable to the General Partner. The Legacy 1 Class and Legacy 2 Class units were offered only to investors who are represented by approved selling agents who are directly compensated by the investor for services rendered in connection with an investment in the Partnership (such arrangements commonly referred to as “wrap-accounts”). The Global 1 Class, Global 2 Class and Global 3 Class units are traded pursuant to trading programs pursuing technical trend trading philosophies. The Global 1 Class, Global 2 Class and Global 3 Class units differ in respect to the General Partner’s brokerage charge. The Global 1 Class and Global 2 Class units were offered only to investors in wrap accounts. The Partnership’s significant accounting policies are as follows: Accounting Principles: Pursuant to rules and regulations of the SEC, consolidated financial statements of the Partnership are prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The Partnership is an investment company and follows accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic (“ASC”) 946, Financial Services – Investment Companies . Consolidation: The Partnership is the sole member of each of the Trading Companies. The Trading Companies, in turn, are the only members of GP Cash Management. The Partnership presents consolidated financial statements, which include the accounts of the Trading Companies and GP Cash Management. All material inter-company accounts and transactions are eliminated in consolidation. Use of estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents: Cash and cash equivalents may include cash, overnight investments, commercial paper, U.S. treasury bills, money market funds and short-term investments in interest-bearing demand deposits with banks and cash managers with original maturities of three months or less at the date of acquisition. Valuation of investments: All investments are used for trading purposes and recorded at their fair value, as described in Note 2. Substantially all of the Partnership’s assets and liabilities are considered financial instruments and are recorded at fair value or at carrying amounts that approximate fair value because of the short maturity of the instruments. Investment transactions, investment income and expenses: Futures contracts, forward contracts and options on futures and forward contracts and securities are recorded on a trade date basis and realized gains or losses are recognized when contracts/positions are liquidated. Unrealized gains or losses on open contracts/positions (the difference between contract trade price and market price) or securities are reported in the consolidated statement of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210-20, Balance Sheet, Offsetting . Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statement of operations. Interest income and expense is recognized under the accrual basis. Dividend income is recognized on the ex-dividend date. Set forth in Note 10 are instruments and transactions eligible for offset in the consolidated statement of financial condition and which are subject to derivative clearing agreements with the Partnership’s clearing brokers. Each clearing broker nets margin held on behalf of the Partnership or payment obligations of the clearing broker to the Partnership against any payment obligations of the Partnership to the clearing broker. The Partnership is required to deposit margin at each clearing broker to meet the original and maintenance requirements established by that clearing broker, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each clearing broker a security interest in this margin to secure any liabilities owed to the clearing broker arising from a default by the Partnership. Commissions: Commissions and other trading fees are expensed when contracts are opened and closed, and are reflected separately in the consolidated statement of operations. Redemptions payable: Pursuant to the provisions of FASB ASC 480, Distinguishing Liabilities from Equity , redemptions approved by the General Partner prior to month end with a fixed effective date and fixed amount are recorded as redemptions payable as of month end. Income taxes: No provision for income taxes has been made in these consolidated financial statements as each partner is individually responsible for reporting income or loss based on its respective share of the Partnership’s income and expenses as reported for income tax purposes. The Partnership follows the provisions of ASC 740, Income Taxes . FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties, an expense for the amount of the statutory penalty and interest, if applicable, shall be recognized in the consolidated statement of operations in the period in which the position is claimed or expected to be claimed. As of June 30, 2020, management has determined that there are no material uncertain income tax positions and, accordingly, has not recorded a liability. The Partnership is generally not subject to examination by U.S. federal or state taxing authorities for tax years before 2016. Organization and offering costs: The General Partner has incurred all expenses in connection with the organization and the continuous public offering of partnership interests and is reimbursed by the Partnership. In addition, the General Partner continues to compensate wholesalers for services rendered to certain Limited Partners. This reimbursement is made monthly and the reimbursement amounts are listed by class in Note 5. In no event, however, will the monthly reimbursement from the Partnership to the General Partner exceed 0.083%, or 1.0% annually, of the net asset value of the Partnership. In its discretion, the General Partner may require the Partnership to reimburse the General Partner in any subsequent calendar year for amounts that exceed these limits in any prior year, provided that the maximum amount reimbursed by the Partnership will not exceed the overall limit set forth above. Amounts reimbursed by the Partnership with respect to the organization and the continuous public offering expenses are charged to expense from operations at the time of reimbursement or accrual. If the Partnership terminates prior to completion of payment of the calculated amounts to the General Partner, the General Partner will not be entitled to any additional payments, and the Partnership will have no further obligation to the General Partner. As of June 30, 2020, unreimbursed organization and offering costs incurred by the General Partner were approximately $205,000 and may be reimbursed by the Partnership in the future. Foreign currency transactions: The Partnership’s functional currency is the U.S. dollar; however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the consolidated statement of financial condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Gains and losses resulting from the translation to U.S. dollars are reported in income currently. The Partnership does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. Swap contracts: Certain Trading Companies of the Partnership strategically allocate a portion or all of their assets to total return swaps selected at the direction of the General Partner. A swap is a bilaterally negotiated agreement between two parties to exchange cash flows based upon an asset, rate or some other reference index. In a typical swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of commodities or other investments representing a particular index. A Trading Company’s investment in swap agreements will likely vary over time due to cash flows, asset allocations and market movements. The swap agreements serve to diversify the investment holdings of the Partnership and to provide access to programs and commodity trading advisors that would not otherwise be available to the Partnership, and are not used for hedging purposes. Changes in the value of the swap agreements are recognized as unrealized gains or losses in the consolidated statement of operations by marking to market on a daily basis to reflect the value of the swap agreement at the end of each day as reported by the swap counterparty. The final exchange amount based on the swap value at the termination of the swap agreement will be recorded as a realized gain or loss in the consolidated statement of operations. Through its Trading Companies, the Partnership has entered into total return swaps with Deutsche Bank AG. The Partnership maintains cash as collateral to secure its obligations under the swaps. As of June 30, 2020 and December 31, 2019, the notional value of the swaps were $18,403,256 and $29,622,256, respectively, and the cash margin balance was $8,594,400 and $5,082,500, respectively, which is included in equity in brokers’ trading accounts on the consolidated statements of financial condition. The swaps were effective July 1, 2015 and April 5, 2016 and have termination dates of June 30, 2025 and April 30, 2024, respectively. Statement of cash flows: The Partnership has elected not to provide statements of cash flows as permitted by FASB ASC 230, Statement of Cash Flows . The Partnership noted that as of and for the periods ended June 30, 2020 and 2019, substantially all investments were highly liquid, all investments are carried at fair value, the Partnership carried no debt, and the statements of changes in partners’ capital (net asset value) is presented. Recent accounting pronouncements: In June 2016, the FASB issued ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The new guidance requires an entity to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts as opposed to delaying recognition until the loss was probable of occurring. The guidance is effective for annual and interim periods beginning after December 15, 2019. The Partnership adopted ASU 2016-13 on January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . The amendments in this update apply to all entities that are required, under existing GAAP, to make disclosures about recurring or nonrecurring fair value measurements. The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820. The guidance is effective for fiscal years beginning after December 15, 2019. The Partnership adopted ASU 2018-13 on January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform . The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2022. The Partnership is currently evaluating the impact of the guidance on the Partnership's consolidated financial statements and disclosures. The Partnership did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the six months ended June 30, 2020.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2020
Fair Value Measurements
Fair Value Measurements	Note 2. Fair Value Measurements As described in Note 1, the Partnership follows the provisions of FASB ASC 820, Fair Value Measurements and Disclosures . FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and sets out a fair value hierarchy. The Partnership utilizes valuation techniques to maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities recorded at fair value are categorized within the fair value hierarchy based upon the level of judgment associated with the inputs used to measure their value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Inputs are broadly defined as assumptions market participants would use in pricing an asset or liability. The three levels of the fair value hierarchy are described below: Level 1. Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2. Inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly. A significant adjustment to a Level 2 input could result in the Level 2 measurement becoming a Level 3 measurement. Level 3. Inputs that are unobservable for the asset or liability. The Partnership does not have any assets classified as Level 3. The following section describes the valuation techniques used by the Partnership to measure different financial instruments at fair value and includes the level within the fair value hierarchy in which the financial instrument is categorized. The fair value of exchange-traded futures contracts, options on futures contracts and exchange-traded funds are based upon exchange settlement prices as of the last business day of the reporting period. These financial instruments are classified in Level 1 of the fair value hierarchy. The fair value of money market funds are based upon exchange settlement prices as of the last business day of the reporting period. These financial instruments are classified in Level 1 of the fair value hierarchy. The Partnership values forward contracts and options on forward contracts based on the average bid and ask price of quoted forward spot prices obtained as of the last business day of the reporting period, and forward contracts and options on forward contracts are classified in Level 2 of the fair value hierarchy. U.S. Government securities and U.S. Government-sponsored enterprise securities are stated at cost plus accrued interest, which approximates fair value based on quoted market prices in an active market. The Partnership compares market prices quoted by dealers to the cost plus accrued interest to ensure a reasonable approximation of fair value. These securities are classified in Level 2 of the fair value hierarchy. The investments in total return swaps are reported at fair value based on daily price reporting from the swap counterparty, which uses exchange prices to value most futures positions and the remaining positions are valued using proprietary pricing models of the counterparty. The Partnership’s swap transactions are a two-party contract entered into primarily to exchange the returns earned or realized on particular pre-determined investments or instruments. The gross returns to be exchanged or swapped between parties are calculated with respect to a notional amount. The total return swaps have inputs which are transparent and can generally be corroborated by market data and therefore are classified within Level 2 of the fair value hierarchy. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2020: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 422,839 $ — $ — $ 422,839 Forward currency contracts — 6,846 — 6,846 Swap contracts — (4,688,350) — (4,688,350) Cash and cash equivalents U.S. money market fund 6,568,755 — — 6,568,755 Securities owned U.S. Government-sponsored enterprises — 20,066,896 — 20,066,896 U.S. Government securities — 3,996,871 — 3,996,871 U.S. Exchange-traded funds 7,482,580 — — 7,482,580 Total $ 14,474,174 $ 19,382,263 $ — $ 33,856,437 The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 10. See the consolidated condensed schedule of investments for detail by sector. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2019: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 401,807 $ — $ — $ 401,807 Forward currency contracts — (69,073) — (69,073) Swap contracts — 3,037,439 — 3,037,439 Cash and cash equivalents U.S. money market fund 576,180 — — 576,180 Securities owned U.S. Government-sponsored enterprises — 31,644,430 — 31,644,430 U.S. Government securities — 13,431,977 — 13,431,977 U.S. Exchange-traded funds 5,004,400 — — 5,004,400 Total $ 5,982,387 $ 48,044,773 $ — $ 54,027,160 The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 10. See the consolidated condensed schedule of investments for detail by sector. The Partnership assesses the level of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Partnership’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. There were no transfers among Levels 1, 2, and 3 during the six months ended June 30, 2020 and year ended December 31, 2019.

Deposits with Brokers and Inter

Deposits with Brokers and Interbank Market Makers	6 Months Ended
Deposits with Brokers and Interbank Market Makers	Jun. 30, 2020
Deposits with Brokers and Interbank Market Makers
Deposits with Brokers and Interbank Market Makers	Note 3. Deposits with Brokers and Interbank Market Makers The Partnership, through the Trading Companies, deposits assets with ADM Investor Services, Inc. and SG Americas Securities, LLC subject to CFTC regulations and various exchange and broker requirements. Margin requirements may be satisfied by the deposit of U.S. Treasury bills, Government- sponsored enterprise securities and/or cash with such clearing brokers. The Partnership may earn interest income on its assets deposited with the clearing brokers. The Partnership, through the Trading Companies, has entered into a relationship with Sociètè Gènèrale International Limited for the clearing of its OTC foreign currency transactions and with Deutsche Bank AG for its swap transactions. The Partnership has entered into an International Swaps and Derivatives Association, Inc. master agreement with Deutsche Bank AG and Sociètè Gènèrale International Limited. Margin requirements may be satisfied by the deposit of U.S. Treasury bills and/or cash with such interbank market makers or swap counterparties. The Partnership may earn interest income on its assets deposited with the interbank market makers.

Commodity Trading Advisors and

Commodity Trading Advisors and Reference Traders	6 Months Ended
Commodity Trading Advisors and Reference Traders	Jun. 30, 2020
Commodity Trading Advisors and Reference Traders
Commodity Trading Advisors and Reference Traders	Note 4. Commodity Trading Advisors and Reference Traders The Partnership, through the Trading Companies, allocates assets to the commodity trading advisors or through swap transactions based on reference programs of such advisors. Each trading advisor that receives a direct allocation from the Partnership has entered into an advisory contract with the Partnership. As of June 30, 2020, the commodity trading advisors are EMC Capital Advisors, LLC (“EMC”), Episteme Capital Partners (UK) LLP (“Episteme”) and Quantica Capital AG (“Quantica”) (collectively, the “Advisors”). The Partnership will obtain the equivalent of net profits or net losses generated by H2O AM LLP (“H2O”) and Winton Capital Management Limited (“Winton”) as reference traders (“collectively, the “Reference Traders”) through off-exchange swap transactions and will not allocate assets to H2O or Winton directly. The Advisors and Reference Traders are paid a quarterly consulting fee, directly or through swap transactions, ranging from 0.2 percent to 1 percent per annum of the Partnership’s month-end allocated net assets and a quarterly or semi-annual incentive fee, directly or through swap transactions, ranging from 0 percent to 20 percent of the new trading profits on the allocated net assets of the Advisor or Reference Trader.

General Partner and Related Par

General Partner and Related Party Transactions	6 Months Ended
General Partner and Related Party Transactions	Jun. 30, 2020
General Partner and Related Party Transactions
General Partner and Related Party Transactions	Note 5. General Partner and Related Party Transactions The General Partner shall at all times, so long as it remains a general partner of the Partnership, own Units in the Partnership: (i) in an amount sufficient, in the opinion of counsel for the Partnership, for the Partnership to be taxed as a partnership rather than as an association taxable as a corporation; and (ii) during such time as the Units are registered for sale to the public, in an amount at least equal to the greater of: (a) 1 percent of all capital contributions of all Partners to the Partnership; or (b) $25,000; or such other amount satisfying the requirements then imposed by the North American Securities Administrators Association, Inc. (“NASAA”) Guidelines. Further, during such time as the Units are registered for sale to the public, the General Partner shall, so long as it remains a general partner of the Partnership, maintain a net worth (as such term may be defined in the NASAA Guidelines) at least equal to the greater of: (i) 5 percent of the total capital contributions of all partners and all limited partnerships to which it is a general partner (including the Partnership) plus 5 percent of the Units being offered for sale in the Partnership; or (ii) $50,000; or such other amount satisfying the requirements then imposed by the NASAA Guidelines. In no event, however, shall the General Partner be required to maintain a net worth in excess of $1,000,000 or such other maximum amount satisfying the requirements then imposed by the NASAA Guidelines. Ten percent of the General Partners limited partnership interest in the Partnership is characterized as a general partnership interest. Notwithstanding, the general partnership interest will continue to pay all fees associated with a limited partnership interest. The Partnership pays the General Partner a monthly brokerage charge, organization and offering reimbursement and operating expenses. The annualized brokerage charge, organization and offering reimbursement and operating expenses are presented in the table below. Organization and Offering Brokerage charge* Reimbursement* Operating Expense* Class A units % % % Class B units % % % Legacy 1 Class units % % % Legacy 2 Class units % % % Global 1 Class units % % % Global 2 Class units % % % Global 3 Class units % % % *The fees are calculated and payable monthly on the basis of month-end adjusted net assets. “Adjusted net assets” is defined as the month-end net assets of the particular class before accruals for fees and expenses and redemptions. Included in the total brokerage charge are amounts paid to the clearing brokers for execution and clearing costs, which are reflected in the commissions line of the consolidated statements of operations, and the remaining amounts are management fees paid to the Advisors, compensation to the selling agents and an amount to the General Partner for management services rendered, which are reflected in the brokerage charge line on the consolidated statements of operations. The brokerage charge in the amounts of $586,807 and $1,245,636, respectively, for the three and six months ended June 30, 2020 and $830,346 and $1,711,765, respectively, for the three and six months ended June 30, 2019, are shown on the consolidated statements of operations. Transaction costs and consulting fees are taken into account in determining the net amount the Partnership receives or pays in connection with swap transactions, but such costs or fees are not directly charged to the Partnership or any of its trading companies. The general partner will reduce (but not below zero) the brokerage charge by the amount of such costs and fees. Each class of units pays a fee to a counterparty in respect of any swap transaction of up to 0.50% of the notional amount of such swap transaction. Ongoing organization and offering costs of the Partnership are paid for by the General Partner and reimbursed by the Partnership. The organization and offering costs in the amounts of $35,954 and $77,925, respectively, for the three and six months ended June 30, 2020 and $52,829 and $108,468, respectively, for the three and six months ended June 30, 2019, are shown on the consolidated statements of operations. Operating expenses of the Partnership are paid for by the General Partner and reimbursed by the Partnership. To the extent operating expenses are less than 0.25 percent of the Partnership’s average month-end net assets during the year, the difference may be reimbursed, at the General Partner’s discretion, pro rata to record-holders as of December 31 of each year. The operating expenses in the amounts of $31,398 and $67,935, respectively, for the three and six months ended June 30, 2020 and $45,955 and $94,275, respectively, for the three and six months ended June 30, 2019, are shown on the consolidated statement of operations. An entity owned in part and controlled by Mr. Kavanagh, who indirectly controls and is president of Dearborn Capital Management, L.L.C., the general partner of the Partnership, and in part by Mr. Al Rayes, who is a principal of the general partner, and an entity owned in part and controlled by Mr. Meehan, the chief operating officer of the general partner, purchased a minority ownership interest in EMC, which is one of the commodity trading advisors of the Partnership. The general partner, on behalf of the Partnership, pays EMC a quarterly consulting fee and a quarterly incentive fee based on new trading profits, if any, achieved on EMC’s allocated net assets at the end of each period. For the three and six months ended June 30, 2020, EMC was paid approximately $19,400 and $39,300, respectively, in consulting fees and no incentive fees. For the three and six months ended June 30, 2019, EMC was paid approximately $18,200 and $39,700, respectively, in consulting fees and no incentive fees.

Redemptions and Allocation of N

Redemptions and Allocation of Net Income or Loss	6 Months Ended
Redemptions and Allocation of Net Income or Loss	Jun. 30, 2020
Redemptions and Allocation of Net Income or Loss
Redemptions and Allocation of Net Income or Loss	Note 6. Redemptions and Allocation of Net Income or Loss Class A, Class B, Legacy 1 Class, Legacy 2 Class, Global 1 Class, Global 2 Class and Global 3 Class Limited Partners have the right to redeem units as of any month-end upon ten (10) days’ prior written notice to the Partnership. The General Partner, however, may permit earlier redemptions in its discretion. Legacy 1 Class, Legacy 2 Class, Global 1 Class, Global 2 Class and Global 3 Class Limited Partners were prohibited from redeeming such units for the three months following the subscription for units. Global 3 Class Limited Partners who redeemed their units after the three-month lock-up, but prior to the one-year anniversary of their subscriptions for the redeemed units, paid the applicable early redemption fee. There were no redemption fees applicable to Legacy 1 Class, Legacy 2 Class, Global 1 Class and Global 2 Class Limited Partners or to Global 3 Class Limited Partners who redeemed their units on or after the one-year anniversary of their subscription. Redemptions will be made as of the last day of the month for an amount equal to the net asset value per unit, as defined, represented by the units to be redeemed. The right to obtain redemption is also contingent upon the Partnership’s having property sufficient to discharge its liabilities on the redemption date and may be delayed if the General Partner determines that earlier liquidation of commodity interest positions to meet redemption payments would be detrimental to the Partnership or nonredeeming Limited Partners. In addition, the General Partner may at any time cause the redemption of all or a portion of any Limited Partner’s units upon fifteen (15) days’ written notice. The General Partner may also immediately redeem any Limited Partner’s units without notice if the General Partner believes that (i) the redemption is necessary to avoid having the assets of the Partnership deemed Plan Assets under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), (ii) the Limited Partner made a misrepresentation in connection with its subscription for the units, or (iii) the redemption is necessary to avoid a violation of law by the Partnership or any Partner. In accordance with the Third Amended and Restated Limited Partnership Agreement, net income or loss of the Partnership is allocated to partners according to their respective interests in the Partnership as of the beginning of the month.

Financial Highlights

Financial Highlights	6 Months Ended
Financial Highlights	Jun. 30, 2020
Financial Highlights
Financial Highlights	Note 7. Financial Highlights The following financial highlights reflect activity related to the Partnership. Total return is based on the change in value during the period of a theoretical investment made by a limited partner at the beginning of each calendar month during the period and is not annualized. Individual limited partners’ ratios may vary from these ratios based on various factors, including but not limited to the timing of capital transactions. Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Total return – Class A Units % % % % Total return – Class B Units % % % % Total return – Legacy 1 Class Units % % % % Total return – Legacy 2 Class Units % % % % Total return – Global 1 Class Units % % % % Total return – Global 2 Class Units % % % % Total return – Global 3 Class Units % % % % Ratios as a percentage of average net assets: Expenses prior to incentive fees (1) % % % % Incentive fees (2) % % % % Total expenses % % % % Net investment loss (1) (3) % % % % (1) Annualized. (2) Not annualized. (3) Excludes incentive fee. The expense ratios above are computed based upon the weighted average net assets of the Partnership for the three and six months ended June 30, 2020 and 2019 (annualized). The following per unit performance calculations reflect activity related to the Partnership for the three and six months ended June 30, 2020 and 2019. Class A Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 835.53 $ 960.00 $ 992.10 $ 946.24 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 18.97 25.61 (127.83) 49.05 Expenses net of interest and dividend income* (9.15) (12.34) (18.92) (22.02) Total income (loss) from operations 9.82 13.27 (146.75) 27.03 Net asset value per unit at end of period $ 845.35 $ 973.27 $ 845.35 $ 973.27 Class B Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 672.46 $ 777.20 $ 799.78 $ 767.31 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 15.55 20.66 (102.50) 39.69 Expenses net of interest and dividend income* (8.72) (10.76) (17.99) (19.90) Total income (loss) from operations 6.83 9.90 (120.49) 19.79 Net asset value per unit at end of period $ 679.29 $ 787.10 $ 679.29 $ 787.10 Legacy 1 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 704.98 $ 791.92 $ 832.28 $ 776.34 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 16.02 20.70 (107.53) 39.85 Expenses net of interest and dividend income* (3.60) (5.31) (7.35) (8.88) Total income (loss) from operations 12.42 15.39 (114.88) 30.97 Net asset value per unit at end of period $ 717.40 $ 807.31 $ 717.40 $ 807.31 Legacy 2 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 684.22 $ 770.52 $ 808.27 $ 756.33 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 15.53 20.41 (104.41) 39.21 Expenses net of interest and dividend income* (3.92) (5.93) (8.03) (10.54) Total income (loss) from operations 11.61 14.48 (112.44) 28.67 Net asset value per unit at end of period $ 695.83 $ 785.00 $ 695.83 $ 785.00 Global 1 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 709.85 $ 793.10 $ 836.87 $ 777.40 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 16.15 21.00 (108.10) 40.34 Expenses net of interest and dividend income* (2.63) (4.51) (5.40) (8.15) Total income (loss) from operations 13.52 16.49 (113.50) 32.19 Net asset value per unit at end of period $ 723.37 $ 809.59 $ 723.37 $ 809.59 Global 2 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 691.71 $ 774.74 $ 815.99 $ 759.26 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 15.70 20.52 (105.44) 39.42 Expenses net of interest and dividend income* (2.99) (4.90) (6.13) (8.32) Total income (loss) from operations 12.71 15.62 (111.57) 31.10 Net asset value per unit at end of period $ 704.42 $ 790.36 $ 704.42 $ 790.36 Global 3 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 571.64 $ 651.28 $ 677.29 $ 640.57 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 12.98 17.24 (87.24) 33.10 Expenses net of interest and dividend income* (5.01) (6.86) (10.44) (12.01) Total income (loss) from operations 7.97 10.38 (97.68) 21.09 Net asset value per unit at end of period $ 579.61 $ 661.66 $ 579.61 $ 661.66 * Expenses net of interest and dividend income per unit are calculated by dividing the expenses net of interest income by the average number of units outstanding during the period. The net realized and change in unrealized gain (loss) from trading is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information.

Trading Activities and Related

Trading Activities and Related Risks	6 Months Ended
Trading Activities and Related Risks	Jun. 30, 2020
Trading Activities and Related Risks
Trading Activities and Related Risks	Note 8. Trading Activities and Related Risks The Partnership, through its Advisors or swap transactions based on reference programs of such advisors, engages in the speculative trading of a variety of instruments, including U.S. and foreign futures contracts, options on U.S. and foreign futures contracts and forward contracts and other derivative instruments including swap contracts (collectively, derivatives; see Note 10). These derivatives include both financial and nonfinancial contracts held as part of a diversified trading strategy. Additionally, the Partnership’s speculative trading includes equities and exchange-traded funds. The Partnership is exposed to both market risk, the risk arising from changes in the market value of the contracts, and credit risk, the risk of failure by another party to perform according to the terms of a contract. The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. Treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The Partnership utilizes ADM Investor Services, Inc. and SG Americas Securities, LLC as its clearing brokers. The amount of required margin and good faith deposits with the FCMs, interbank market makers and swap counterparties usually ranges from 5% to 35% of the Partnership’s net asset value. The cash deposited with the FCMs, interbank market makers and swap counterparties at June 30, 2020 and December 31, 2019 was $13,206,316 and $10,866,216, respectively, which was 28.66% and 17.20% of the net asset value, respectively, and is included in equity in brokers’ trading accounts on the consolidated statements of financial condition. For derivatives, risks arise from changes in the fair value of the contracts. Theoretically, the Partnership is exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short. As both a buyer and seller of options, the Partnership pays or receives a premium at the outset and then bears the risk of unfavorable changes in the price of the contract underlying the option. Written options expose the Partnership to potentially unlimited liability; for purchased options the risk of loss is limited to the premiums paid. In addition to market risk, trading futures, forwards and swap contracts entails a credit risk that a counterparty will not be able to meet its obligations to the Partnership. The counterparty for futures and options on futures contracts traded in the United States and on most non-U.S. futures exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the nonperformance by one of their members and, as such, should significantly reduce this credit risk. In cases in which the clearinghouse is not backed by the clearing members, like some non-U.S. exchanges, it is normally backed by a consortium of banks or other financial institutions. In the case of forward contracts, over-the-counter options contracts or swap contracts, which are traded on the interbank or other institutional markets rather than on exchanges, the counterparty is generally a single bank or other financial institution, rather than a clearinghouse backed by a group of financial institutions; thus, there likely will be greater counterparty credit risk. The Partnership trades only with those counterparties that it believes to be creditworthy. All positions of the Partnership are valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to the Partnership. Unlike futures and options on futures contracts, most swap contracts currently are not traded on or cleared by an exchange or clearinghouse. The CFTC currently requires only a limited class of swap contracts (certain interest rate and credit default swaps) to be cleared and executed on an exchange or other organized trading platform. In accordance with the Dodd-Frank Act, the CFTC will determine in the future whether other classes of swap contracts will be required to be cleared and executed on an exchange or other organized trading platform. Until such time as these transactions are cleared, the Partnership will be subject to a greater risk of counterparty default on its swaps. Because swaps do not generally involve the delivery of underlying assets or principal, the amount payable upon default and early termination is usually calculated by reference to the current market value of the contract. Swap dealers and major swap participants require the Partnership to deposit initial margin and variation margin as collateral to support such obligation under the swap agreement but may not themselves provide collateral for the benefit of the Partnership. If the counterparty to such a swap agreement defaults, the Partnership would be a general unsecured creditor for any termination amounts owed by the counterparty to the Partnership as well as for any collateral deposits in excess of the amounts owed by the Partnership to the counterparty, which would result in losses to the Partnership. There are no limitations on daily price movements in swap transactions. Speculative position limits are not currently applicable to swaps, but in the future may be applicable for swaps on certain commodities. In addition, participants in swap markets are not required to make continuous markets in the swaps they trade, and determining a market value for calculation of termination amounts can lead to uncertain results. Securities sold short represent obligations of the Partnership to deliver specific securities and thereby create a liability to purchase these instruments in the open market at prevailing prices. These transactions may result in market risk not reflected in the consolidated statement of financial condition as the Partnership’s ultimate obligation to satisfy its obligation for trading liabilities may exceed the amount reflected in the consolidated statements of financial condition. The Partnership maintains deposits with high quality financial institutions in amounts that are in excess of federally insured limits; however, the Partnership does not believe it is exposed to any significant credit risk. The General Partner has established procedures to actively monitor and minimize market and credit risks. The Limited Partners bear the risk of loss only to the extent of the fair value of their respective investments and, in certain specific circumstances, distributions and redemptions received. Trading on international markets may increase the risk that events or circumstances that disrupt such markets may have a materially adverse effect on Grant Park’s business or operations or the value of positions held by Grant Park. Such events or circumstances may include, but are not limited to, inflation or deflation, currency devaluation, interest rate changes, exchange rate fluctuations, changes in government policies, natural disasters, pandemics or other extraordinary events such as coronavirus, armed conflicts, political or social instability or other unforeseen developments that cannot be quantified. On March 11, 2020, the World Health Organization declared the novel coronavirus disease 2019, known as COVID-19 (“COVID-19”), a pandemic. As governments and organizations around the world implement various measures in an attempt to slow the spread of COVID-19, including imposing travel restrictions, quarantining of employees and other efforts focusing on social distancing, the impact on Grant Park cannot be determined. However, because Grant Park allocates assets among multiple third party trading advisors and reference traders, at least some of whom trade internationally, the general partner expects COVID-19 to have a material impact on Grant Park, its operations and possible economic consequences for at least all or a portion of calendar year 2020 and potentially longer.

Indemnifications

Indemnifications	6 Months Ended
Indemnifications	Jun. 30, 2020
Indemnifications
Indemnifications	Note 9. Indemnifications In the normal course of business, the Partnership enters into contracts and agreements that contain a variety of representations and warranties and which provide general indemnifications. The Partnership’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Partnership that have not yet occurred. The Partnership expects the risk of any future obligation under these indemnifications to be remote.

Derivative Instruments

Derivative Instruments	6 Months Ended
Derivative Instruments	Jun. 30, 2020
Derivative Instruments
Derivative Instruments	Note 10. Derivative Instruments The Partnership follows the provisions of FASB ASC 815, Derivatives and Hedging . FASB ASC 815 is intended to improve transparency in financial reporting by requiring enhanced disclosures of an entity’s derivative instruments and hedging activities and their effects on the entity’s financial position, financial performance, and cash flows. FASB ASC 815 applies to all derivative instruments within the scope of FASB ASC 815-10-05. It also applies to non-derivative hedging instruments and all hedged items designated and qualifying as hedges under FASB ASC 815-10-05. FASB ASC 815 amends the current qualitative and quantitative disclosure requirements for derivative instruments and hedging activities set forth in FASB ASC 815-10-05 and generally increases the level of disaggregation that will be required in an entity’s financial statements. FASB ASC 815 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements (see Trading Activities and Related Risks, Note 8). The Partnership’s business is speculative trading. The Partnership intends to close out all futures, options on futures and forward contracts prior to their expiration. The Partnership trades in futures and other commodity interest contracts and is therefore a party to financial instruments with elements of off-balance sheet market risk and credit risk. In entering into these contracts, the Partnership faces the market risk that these contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. The Partnership minimizes market risk through real-time monitoring of open positions, diversification of the portfolio and maintenance of a margin-to-equity ratio that rarely exceeds 25%. In addition to market risk, in entering into commodity interest contracts there is a credit risk that a counterparty will not be able to meet its obligations to the Partnership. In general, clearing organizations are backed by the corporate members of the clearing organization who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases in which the clearing organization is not backed by the clearing members, like some non-U.S. exchanges, it is normally backed by a consortium of banks or other financial institutions. In the case of forward contracts, over-the-counter options contracts or swap contracts, which are traded on the interbank or other institutional market rather than on exchanges, the counterparty is generally a single bank or other financial institution, rather than a central clearing organization backed by a group of financial institutions. As a result, there will likely be greater counterparty credit risk in these transactions. The Partnership trades only with those counterparties that it believes to be creditworthy. Nonetheless, the clearing member, clearing organization or other counterparty to these transactions may not be able to meet its obligations to the Partnership, in which case the Partnership could suffer significant losses on these contracts. The Partnership does not designate any derivative instruments as hedging instruments under FASB ASC 815-10-05. For the three and six months ended June 30, 2020, the monthly average number of futures contracts bought and sold was 3,329 and 4,038, respectively, and the monthly average number of forward contracts bought and sold was 217 and 307, respectively. For the three and six months ended June 30, 2019, the monthly average number of futures contracts bought and sold was 7,210 and 9,088, respectively, and the monthly average number of forward contracts bought and sold was 63 and 247, respectively. The following tables summarize the quantitative information required by FASB ASC 815: Fair Values of Derivative Instruments at June 30, 2020 and December 31, 2019 Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 6/30/2020 6/30/2020 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 16,423 $ (112,874) $ (96,451) Currencies contracts Net Unrealized gain (loss) on open futures contracts 25,459 (188) 25,271 Energy contracts Net Unrealized gain (loss) on open futures contracts 27,294 (52,414) (25,120) Interest rates contracts Net Unrealized gain (loss) on open futures contracts 367,734 (63,437) 304,297 Meats contracts Net Unrealized gain (loss) on open futures contracts 8,202 (352) 7,850 Metals contracts Net Unrealized gain (loss) on open futures contracts 248,506 (58,427) 190,079 Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 27,606 (13,378) 14,228 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 130,458 (127,773) 2,685 $ 851,682 $ (428,843) $ 422,839 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 53,011 $ (46,165) $ 6,846 Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ — $ (4,688,350) $ (4,688,350) At June 30, 2020, the sector exposure of the CTA indices underlying the swaps was: Deutsche Bank total return swap, termination date April 30, 2024 Agricultural contracts 3% Energy contracts 2% Interest rate contracts 73% Metals contracts 3% Stock indices contracts 3% Forward currency contracts 16% Total 100% Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 54% Stock indices contracts 12% Forward currency contracts 34% Total 100% Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 12/31/2019 12/31/2019 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 201,399 $ (45,915) $ 155,484 Currencies contracts Net Unrealized gain (loss) on open futures contracts 77,837 (71,524) 6,313 Energy contracts Net Unrealized gain (loss) on open futures contracts 399,221 (314,480) 84,741 Interest rates contracts Net Unrealized gain (loss) on open futures contracts 47,095 (324,965) (277,870) Meats contracts Net Unrealized gain (loss) on open futures contracts 1,715 (5,030) (3,315) Metals contracts Net Unrealized gain (loss) on open futures contracts 277,156 (152,572) 124,584 Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 56,283 (3,922) 52,361 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 325,154 (65,645) 259,509 $ 1,385,860 $ (984,053) $ 401,807 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 67,730 $ (136,803) $ (69,073) Swap Contracts Net Unrealized gain (loss) on open swap contracts $ 3,650,232 $ (612,793) $ 3,037,439 *At December 31, 2019, the sector exposure of the CTA indices underlying the swaps was: Deutsche Bank total return swap, termination date April 30, 2024 Agricultural contracts 3% Energy contracts 3% Interest rate contracts 46% Metals contracts 5% Stock indices contracts 12% Forward currency contracts 31% Total 100% Deutsche Bank total return swap, termination date July 1, 2020 Interest rate contracts 39% Stock indices contracts 22% Forward currency contracts 39% Total 100% The Effect of Derivative Instruments on the Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2020 and 2019 Three Months Ended Three Months Ended Six Months Ended Six Months Ended Type of Contract June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Agriculturals contracts Net gain (loss) from futures trading $ (344,256) $ (211,545) $ (173,223) $ (94,666) Currencies contracts Net gain (loss) from futures trading (147,901) (289,561) 279,608 (795,744) Energy contracts Net gain (loss) from futures trading (84,987) (35,756) 483,710 (613,998) Interest rates contracts Net gain (loss) from futures trading 276,356 1,965,918 2,133,625 5,043,809 Meats contracts Net gain (loss) from futures trading 12,789 (36,169) 156,460 (62,318) Metals contracts Net gain (loss) from futures trading 94,563 472,304 445,599 218,959 Soft commodities contracts Net gain (loss) from futures trading (55,254) (48,942) (52,967) (211,447) Stock indices Net gain (loss) from futures trading 857,097 405,353 (2,960,941) 985,072 Forward Currency Contracts Net gain (loss) from forward trading (18,462) 114,565 226,402 150,920 Swap Contracts Net gain (loss) from swap trading 383,266 (137,665) (7,725,789) (368,583) $ 973,211 $ 2,198,502 $ (7,187,516) $ 4,252,004 Line Item in Consolidated Statements of Operations Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Net gain (loss) from futures trading Realized $ 1,160,943 $ 2,427,565 $ 290,839 $ 4,315,148 Change in unrealized (552,536) (205,963) 21,032 154,519 Total realized and change in unrealized net gain (loss) from futures trading $ 608,407 $ 2,221,602 $ 311,871 $ 4,469,667 Net gain (loss) from forward trading Realized $ (14,955) $ 39,925 $ 150,483 $ 57,838 Change in unrealized (3,507) 74,640 75,919 93,082 Total realized and change in unrealized net gain (loss) from forward trading $ (18,462) $ 114,565 $ 226,402 $ 150,920 Net gain (loss) from swap trading Change in unrealized $ 383,266 $ (137,665) $ (7,725,789) $ (368,583) Total realized and change in unrealized net gain (loss) from swap trading $ 383,266 $ (137,665) $ (7,725,789) $ (368,583) Total realized and change in unrealized net gain (loss) from futures, forward and swap trading $ 973,211 $ 2,198,502 $ (7,187,516) $ 4,252,004 The tables below show the gross amounts of recognized derivative assets and gross amounts offset in the accompanying Consolidated Statements of Financial Condition: Offsetting of Derivative Assets As of June 30, 2020 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ 851,682 $ (428,843) $ 422,839 Forward contracts 53,011 (46,165) 6,846 Swap contracts — (4,688,350) (4,688,350) Total derivatives $ 904,693 $ (5,163,358) $ (4,258,665) Offsetting of Derivative Liabilities As of June 30, 2020 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ 428,843 $ (428,843) $ — Forward contracts 46,165 (46,165) — Swap contracts 4,688,350 (4,688,350) — Total derivatives $ 5,163,358 $ (5,163,358) $ — Derivatives Assets and Liabilities and Collateral Received by Counterparty As of June 30, 2020 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount ADM Investor Services, Inc. $ 155,904 $ — $ — $ 155,904 Deutsche Bank AG (4,688,350) — — (4,688,350) SG Americas Securities, LLC 273,781 — — 273,781 Total $ (4,258,665) $ — $ — $ (4,258,665) Offsetting of Derivative Assets As of December 31, 2019 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ 1,385,860 $ (984,053) $ 401,807 Forward contracts 67,730 (136,803) (69,073) Swap contracts 3,650,232 (612,793) 3,037,439 Total derivatives $ 5,103,822 $ (1,733,649) $ 3,370,173 Offsetting of Derivative Liabilities As of December 31, 2019 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ 984,053 $ (984,053) $ — Forward contracts 136,803 (136,803) — Swap contracts 612,793 (612,793) — Total derivatives $ 1,733,649 $ (1,733,649) $ — Derivatives Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2019 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount ADM Investor Services, Inc. $ (75,551) $ — $ — $ (75,551) Deutsche Bank AG 3,037,439 — — 3,037,439 SG Americas Securities, LLC 408,285 — — 408,285 Total $ 3,370,173 $ — $ — $ 3,370,173

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2020
Subsequent Events
Subsequent Events	Note 11. Subsequent Events The Partnership has evaluated subsequent events for potential recognition and/or disclosure through date of issuance of the accompanying consolidated financial statements. Subsequent to June 30, 2020, there were transfers between unit classes totaling approximately $98,500. The swap effective April 5, 2016 was terminated effective July 1, 2020, and the Partnership no longer accesses Winton as a reference trader through an off-exchange swap transaction.

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Nature of Business and Significant Accounting Policies
Accounting Principles	Accounting Principles: Pursuant to rules and regulations of the SEC, consolidated financial statements of the Partnership are prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The Partnership is an investment company and follows accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic (“ASC”) 946, Financial Services – Investment Companies .
Consolidation	Consolidation: The Partnership is the sole member of each of the Trading Companies. The Trading Companies, in turn, are the only members of GP Cash Management. The Partnership presents consolidated financial statements, which include the accounts of the Trading Companies and GP Cash Management. All material inter-company accounts and transactions are eliminated in consolidation.
Use of estimates	Use of estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and cash equivalents	Cash and cash equivalents: Cash and cash equivalents may include cash, overnight investments, commercial paper, U.S. treasury bills, money market funds and short-term investments in interest-bearing demand deposits with banks and cash managers with original maturities of three months or less at the date of acquisition.
Valuation of investments	Valuation of investments: All investments are used for trading purposes and recorded at their fair value, as described in Note 2. Substantially all of the Partnership’s assets and liabilities are considered financial instruments and are recorded at fair value or at carrying amounts that approximate fair value because of the short maturity of the instruments.
Investment transactions, investment income and expenses	Investment transactions, investment income and expenses: Futures contracts, forward contracts and options on futures and forward contracts and securities are recorded on a trade date basis and realized gains or losses are recognized when contracts/positions are liquidated. Unrealized gains or losses on open contracts/positions (the difference between contract trade price and market price) or securities are reported in the consolidated statement of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210-20, Balance Sheet, Offsetting . Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statement of operations. Interest income and expense is recognized under the accrual basis. Dividend income is recognized on the ex-dividend date. Set forth in Note 10 are instruments and transactions eligible for offset in the consolidated statement of financial condition and which are subject to derivative clearing agreements with the Partnership’s clearing brokers. Each clearing broker nets margin held on behalf of the Partnership or payment obligations of the clearing broker to the Partnership against any payment obligations of the Partnership to the clearing broker. The Partnership is required to deposit margin at each clearing broker to meet the original and maintenance requirements established by that clearing broker, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each clearing broker a security interest in this margin to secure any liabilities owed to the clearing broker arising from a default by the Partnership.
Commissions	Commissions: Commissions and other trading fees are expensed when contracts are opened and closed, and are reflected separately in the consolidated statement of operations.
Redemptions payable	Redemptions payable: Pursuant to the provisions of FASB ASC 480, Distinguishing Liabilities from Equity , redemptions approved by the General Partner prior to month end with a fixed effective date and fixed amount are recorded as redemptions payable as of month end.
Income taxes	Income taxes: No provision for income taxes has been made in these consolidated financial statements as each partner is individually responsible for reporting income or loss based on its respective share of the Partnership’s income and expenses as reported for income tax purposes. The Partnership follows the provisions of ASC 740, Income Taxes . FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties, an expense for the amount of the statutory penalty and interest, if applicable, shall be recognized in the consolidated statement of operations in the period in which the position is claimed or expected to be claimed. As of June 30, 2020, management has determined that there are no material uncertain income tax positions and, accordingly, has not recorded a liability. The Partnership is generally not subject to examination by U.S. federal or state taxing authorities for tax years before 2016.
Organization and offering costs	Organization and offering costs: The General Partner has incurred all expenses in connection with the organization and the continuous public offering of partnership interests and is reimbursed by the Partnership. In addition, the General Partner continues to compensate wholesalers for services rendered to certain Limited Partners. This reimbursement is made monthly and the reimbursement amounts are listed by class in Note 5. In no event, however, will the monthly reimbursement from the Partnership to the General Partner exceed 0.083%, or 1.0% annually, of the net asset value of the Partnership. In its discretion, the General Partner may require the Partnership to reimburse the General Partner in any subsequent calendar year for amounts that exceed these limits in any prior year, provided that the maximum amount reimbursed by the Partnership will not exceed the overall limit set forth above. Amounts reimbursed by the Partnership with respect to the organization and the continuous public offering expenses are charged to expense from operations at the time of reimbursement or accrual. If the Partnership terminates prior to completion of payment of the calculated amounts to the General Partner, the General Partner will not be entitled to any additional payments, and the Partnership will have no further obligation to the General Partner. As of June 30, 2020, unreimbursed organization and offering costs incurred by the General Partner were approximately $205,000 and may be reimbursed by the Partnership in the future.
Foreign currency transactions	Foreign currency transactions: The Partnership’s functional currency is the U.S. dollar; however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the consolidated statement of financial condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Gains and losses resulting from the translation to U.S. dollars are reported in income currently. The Partnership does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments.
Swap contracts	Swap contracts: Certain Trading Companies of the Partnership strategically allocate a portion or all of their assets to total return swaps selected at the direction of the General Partner. A swap is a bilaterally negotiated agreement between two parties to exchange cash flows based upon an asset, rate or some other reference index. In a typical swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of commodities or other investments representing a particular index. A Trading Company’s investment in swap agreements will likely vary over time due to cash flows, asset allocations and market movements. The swap agreements serve to diversify the investment holdings of the Partnership and to provide access to programs and commodity trading advisors that would not otherwise be available to the Partnership, and are not used for hedging purposes. Changes in the value of the swap agreements are recognized as unrealized gains or losses in the consolidated statement of operations by marking to market on a daily basis to reflect the value of the swap agreement at the end of each day as reported by the swap counterparty. The final exchange amount based on the swap value at the termination of the swap agreement will be recorded as a realized gain or loss in the consolidated statement of operations. Through its Trading Companies, the Partnership has entered into total return swaps with Deutsche Bank AG. The Partnership maintains cash as collateral to secure its obligations under the swaps. As of June 30, 2020 and December 31, 2019, the notional value of the swaps were $18,403,256 and $29,622,256, respectively, and the cash margin balance was $8,594,400 and $5,082,500, respectively, which is included in equity in brokers’ trading accounts on the consolidated statements of financial condition. The swaps were effective July 1, 2015 and April 5, 2016 and have termination dates of June 30, 2025 and April 30, 2024, respectively.
Statement of cash flows	Statement of cash flows: The Partnership has elected not to provide statements of cash flows as permitted by FASB ASC 230, Statement of Cash Flows . The Partnership noted that as of and for the periods ended June 30, 2020 and 2019, substantially all investments were highly liquid, all investments are carried at fair value, the Partnership carried no debt, and the statements of changes in partners’ capital (net asset value) is presented.
Recent accounting pronouncements	Recent accounting pronouncements: In June 2016, the FASB issued ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The new guidance requires an entity to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts as opposed to delaying recognition until the loss was probable of occurring. The guidance is effective for annual and interim periods beginning after December 15, 2019. The Partnership adopted ASU 2016-13 on January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . The amendments in this update apply to all entities that are required, under existing GAAP, to make disclosures about recurring or nonrecurring fair value measurements. The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820. The guidance is effective for fiscal years beginning after December 15, 2019. The Partnership adopted ASU 2018-13 on January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform . The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2022. The Partnership is currently evaluating the impact of the guidance on the Partnership's consolidated financial statements and disclosures. The Partnership did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the six months ended June 30, 2020.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2020
Fair Value Measurements
Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis	The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2020: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 422,839 $ — $ — $ 422,839 Forward currency contracts — 6,846 — 6,846 Swap contracts — (4,688,350) — (4,688,350) Cash and cash equivalents U.S. money market fund 6,568,755 — — 6,568,755 Securities owned U.S. Government-sponsored enterprises — 20,066,896 — 20,066,896 U.S. Government securities — 3,996,871 — 3,996,871 U.S. Exchange-traded funds 7,482,580 — — 7,482,580 Total $ 14,474,174 $ 19,382,263 $ — $ 33,856,437 The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2019: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 401,807 $ — $ — $ 401,807 Forward currency contracts — (69,073) — (69,073) Swap contracts — 3,037,439 — 3,037,439 Cash and cash equivalents U.S. money market fund 576,180 — — 576,180 Securities owned U.S. Government-sponsored enterprises — 31,644,430 — 31,644,430 U.S. Government securities — 13,431,977 — 13,431,977 U.S. Exchange-traded funds 5,004,400 — — 5,004,400 Total $ 5,982,387 $ 48,044,773 $ — $ 54,027,160

General Partner and Related P_2

General Partner and Related Party Transactions (Tables)	6 Months Ended
General Partner and Related Party Transactions (Tables)	Jun. 30, 2020
General Partner and Related Party Transactions
Schedule of annualized brokerage charge, organization and offering reimbursement and operating expenses	Organization and Offering Brokerage charge* Reimbursement* Operating Expense* Class A units % % % Class B units % % % Legacy 1 Class units % % % Legacy 2 Class units % % % Global 1 Class units % % % Global 2 Class units % % % Global 3 Class units % % %

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
Financial Highlights (Tables)	Jun. 30, 2020
Financial Highlights
Schedule of financial highlights reflecting total return and relevant ratios to Partnership	Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Total return – Class A Units % % % % Total return – Class B Units % % % % Total return – Legacy 1 Class Units % % % % Total return – Legacy 2 Class Units % % % % Total return – Global 1 Class Units % % % % Total return – Global 2 Class Units % % % % Total return – Global 3 Class Units % % % % Ratios as a percentage of average net assets: Expenses prior to incentive fees (1) % % % % Incentive fees (2) % % % % Total expenses % % % % Net investment loss (1) (3) % % % % (1) Annualized. (2) Not annualized. (3) Excludes incentive fee.
Class A
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Class A Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 835.53 $ 960.00 $ 992.10 $ 946.24 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 18.97 25.61 (127.83) 49.05 Expenses net of interest and dividend income* (9.15) (12.34) (18.92) (22.02) Total income (loss) from operations 9.82 13.27 (146.75) 27.03 Net asset value per unit at end of period $ 845.35 $ 973.27 $ 845.35 $ 973.27
Class B
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Class B Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 672.46 $ 777.20 $ 799.78 $ 767.31 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 15.55 20.66 (102.50) 39.69 Expenses net of interest and dividend income* (8.72) (10.76) (17.99) (19.90) Total income (loss) from operations 6.83 9.90 (120.49) 19.79 Net asset value per unit at end of period $ 679.29 $ 787.10 $ 679.29 $ 787.10
Legacy 1 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Legacy 1 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 704.98 $ 791.92 $ 832.28 $ 776.34 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 16.02 20.70 (107.53) 39.85 Expenses net of interest and dividend income* (3.60) (5.31) (7.35) (8.88) Total income (loss) from operations 12.42 15.39 (114.88) 30.97 Net asset value per unit at end of period $ 717.40 $ 807.31 $ 717.40 $ 807.31
Legacy 2 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Legacy 2 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 684.22 $ 770.52 $ 808.27 $ 756.33 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 15.53 20.41 (104.41) 39.21 Expenses net of interest and dividend income* (3.92) (5.93) (8.03) (10.54) Total income (loss) from operations 11.61 14.48 (112.44) 28.67 Net asset value per unit at end of period $ 695.83 $ 785.00 $ 695.83 $ 785.00
Global 1 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 1 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 709.85 $ 793.10 $ 836.87 $ 777.40 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 16.15 21.00 (108.10) 40.34 Expenses net of interest and dividend income* (2.63) (4.51) (5.40) (8.15) Total income (loss) from operations 13.52 16.49 (113.50) 32.19 Net asset value per unit at end of period $ 723.37 $ 809.59 $ 723.37 $ 809.59
Global 2 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 2 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 691.71 $ 774.74 $ 815.99 $ 759.26 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 15.70 20.52 (105.44) 39.42 Expenses net of interest and dividend income* (2.99) (4.90) (6.13) (8.32) Total income (loss) from operations 12.71 15.62 (111.57) 31.10 Net asset value per unit at end of period $ 704.42 $ 790.36 $ 704.42 $ 790.36
Global 3 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 3 Class Units Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 571.64 $ 651.28 $ 677.29 $ 640.57 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 12.98 17.24 (87.24) 33.10 Expenses net of interest and dividend income* (5.01) (6.86) (10.44) (12.01) Total income (loss) from operations 7.97 10.38 (97.68) 21.09 Net asset value per unit at end of period $ 579.61 $ 661.66 $ 579.61 $ 661.66

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
Derivative Instruments (Tables)	Jun. 30, 2020
Derivative Instruments
Summary of Fair Values of Derivative Instruments	Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 6/30/2020 6/30/2020 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 16,423 $ (112,874) $ (96,451) Currencies contracts Net Unrealized gain (loss) on open futures contracts 25,459 (188) 25,271 Energy contracts Net Unrealized gain (loss) on open futures contracts 27,294 (52,414) (25,120) Interest rates contracts Net Unrealized gain (loss) on open futures contracts 367,734 (63,437) 304,297 Meats contracts Net Unrealized gain (loss) on open futures contracts 8,202 (352) 7,850 Metals contracts Net Unrealized gain (loss) on open futures contracts 248,506 (58,427) 190,079 Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 27,606 (13,378) 14,228 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 130,458 (127,773) 2,685 $ 851,682 $ (428,843) $ 422,839 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 53,011 $ (46,165) $ 6,846 Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ — $ (4,688,350) $ (4,688,350) At June 30, 2020, the sector exposure of the CTA indices underlying the swaps was: Deutsche Bank total return swap, termination date April 30, 2024 Agricultural contracts 3% Energy contracts 2% Interest rate contracts 73% Metals contracts 3% Stock indices contracts 3% Forward currency contracts 16% Total 100% Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 54% Stock indices contracts 12% Forward currency contracts 34% Total 100% Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 12/31/2019 12/31/2019 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 201,399 $ (45,915) $ 155,484 Currencies contracts Net Unrealized gain (loss) on open futures contracts 77,837 (71,524) 6,313 Energy contracts Net Unrealized gain (loss) on open futures contracts 399,221 (314,480) 84,741 Interest rates contracts Net Unrealized gain (loss) on open futures contracts 47,095 (324,965) (277,870) Meats contracts Net Unrealized gain (loss) on open futures contracts 1,715 (5,030) (3,315) Metals contracts Net Unrealized gain (loss) on open futures contracts 277,156 (152,572) 124,584 Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 56,283 (3,922) 52,361 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 325,154 (65,645) 259,509 $ 1,385,860 $ (984,053) $ 401,807 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 67,730 $ (136,803) $ (69,073) Swap Contracts Net Unrealized gain (loss) on open swap contracts $ 3,650,232 $ (612,793) $ 3,037,439 *At December 31, 2019, the sector exposure of the CTA indices underlying the swaps was: Deutsche Bank total return swap, termination date April 30, 2024 Agricultural contracts 3% Energy contracts 3% Interest rate contracts 46% Metals contracts 5% Stock indices contracts 12% Forward currency contracts 31% Total 100% Deutsche Bank total return swap, termination date July 1, 2020 Interest rate contracts 39% Stock indices contracts 22% Forward currency contracts 39% Total 100%
Schedule of Effect of Derivative Instruments on the Consolidated Statement of Operations	Three Months Ended Three Months Ended Six Months Ended Six Months Ended Type of Contract June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Agriculturals contracts Net gain (loss) from futures trading $ (344,256) $ (211,545) $ (173,223) $ (94,666) Currencies contracts Net gain (loss) from futures trading (147,901) (289,561) 279,608 (795,744) Energy contracts Net gain (loss) from futures trading (84,987) (35,756) 483,710 (613,998) Interest rates contracts Net gain (loss) from futures trading 276,356 1,965,918 2,133,625 5,043,809 Meats contracts Net gain (loss) from futures trading 12,789 (36,169) 156,460 (62,318) Metals contracts Net gain (loss) from futures trading 94,563 472,304 445,599 218,959 Soft commodities contracts Net gain (loss) from futures trading (55,254) (48,942) (52,967) (211,447) Stock indices Net gain (loss) from futures trading 857,097 405,353 (2,960,941) 985,072 Forward Currency Contracts Net gain (loss) from forward trading (18,462) 114,565 226,402 150,920 Swap Contracts Net gain (loss) from swap trading 383,266 (137,665) (7,725,789) (368,583) $ 973,211 $ 2,198,502 $ (7,187,516) $ 4,252,004
Schedule of Line Item in Consolidated Statement of Operations	Line Item in Consolidated Statements of Operations Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Net gain (loss) from futures trading Realized $ 1,160,943 $ 2,427,565 $ 290,839 $ 4,315,148 Change in unrealized (552,536) (205,963) 21,032 154,519 Total realized and change in unrealized net gain (loss) from futures trading $ 608,407 $ 2,221,602 $ 311,871 $ 4,469,667 Net gain (loss) from forward trading Realized $ (14,955) $ 39,925 $ 150,483 $ 57,838 Change in unrealized (3,507) 74,640 75,919 93,082 Total realized and change in unrealized net gain (loss) from forward trading $ (18,462) $ 114,565 $ 226,402 $ 150,920 Net gain (loss) from swap trading Change in unrealized $ 383,266 $ (137,665) $ (7,725,789) $ (368,583) Total realized and change in unrealized net gain (loss) from swap trading $ 383,266 $ (137,665) $ (7,725,789) $ (368,583) Total realized and change in unrealized net gain (loss) from futures, forward and swap trading $ 973,211 $ 2,198,502 $ (7,187,516) $ 4,252,004
Schedule of Offsetting of Derivative Assets	Offsetting of Derivative Assets As of June 30, 2020 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ 851,682 $ (428,843) $ 422,839 Forward contracts 53,011 (46,165) 6,846 Swap contracts — (4,688,350) (4,688,350) Total derivatives $ 904,693 $ (5,163,358) $ (4,258,665) Offsetting of Derivative Assets As of December 31, 2019 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ 1,385,860 $ (984,053) $ 401,807 Forward contracts 67,730 (136,803) (69,073) Swap contracts 3,650,232 (612,793) 3,037,439 Total derivatives $ 5,103,822 $ (1,733,649) $ 3,370,173
Schedule of Offsetting of Derivative Liabilities	Offsetting of Derivative Liabilities As of June 30, 2020 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ 428,843 $ (428,843) $ — Forward contracts 46,165 (46,165) — Swap contracts 4,688,350 (4,688,350) — Total derivatives $ 5,163,358 $ (5,163,358) $ — Offsetting of Derivative Liabilities As of December 31, 2019 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ 984,053 $ (984,053) $ — Forward contracts 136,803 (136,803) — Swap contracts 612,793 (612,793) — Total derivatives $ 1,733,649 $ (1,733,649) $ —
Schedule of Derivative Assets and Liabilities and Collateral Received by Counterparty	Derivatives Assets and Liabilities and Collateral Received by Counterparty As of June 30, 2020 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount ADM Investor Services, Inc. $ 155,904 $ — $ — $ 155,904 Deutsche Bank AG (4,688,350) — — (4,688,350) SG Americas Securities, LLC 273,781 — — 273,781 Total $ (4,258,665) $ — $ — $ (4,258,665) Derivatives Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2019 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount ADM Investor Services, Inc. $ (75,551) $ — $ — $ (75,551) Deutsche Bank AG 3,037,439 — — 3,037,439 SG Americas Securities, LLC 408,285 — — 408,285 Total $ 3,370,173 $ — $ — $ 3,370,173

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)class	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Assets allocated to GP 8, GP 9 and GP 11	$ 0		$ 0
Assets allocated to GP 11					$ 0
Classes of interests
Number of classes of limited partner interests \| class			7
Income taxes
Income taxes	0	$ 0	$ 0	$ 0
Debt
Debt carried by partners	0	$ 0	0	$ 0
General Partner
Organization and offering costs
Unreimbursed organization and offering costs	205,000		$ 205,000
General Partner \| Maximum
Organization and offering costs
Allowable monthly reimbursement of organization and offering costs as a percent of net Partnership asset value			0.083%
Allowable annual reimbursement of organization and offering costs as a percent of net Partnership asset value			1.00%
Swap Contracts \| Deutsche Bank Total Return Swap
Swap contracts
Derivative notional value	18,403,256		$ 18,403,256		29,622,256
Cash margin balance	$ 8,594,400		$ 8,594,400		$ 5,082,500

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Fair Value Measurements
Investments Owned, Fair Value	$ 31,546,347	$ 50,080,807
Amount of transfers among Levels 1, 2, and 3	0	0
Recurring basis
Fair Value Measurements
Total - Assets	33,856,437	54,027,160
Recurring basis \| Futures Contracts
Fair Value Measurements
Open derivative contracts, fair value	422,839	401,807
Recurring basis \| Forward Contracts
Fair Value Measurements
Open derivative contracts, fair value	6,846	(69,073)
Recurring basis \| Swap Contracts
Fair Value Measurements
Open derivative contracts, fair value	(4,688,350)	3,037,439
Recurring basis \| U.S. money market fund
Fair Value Measurements
Cash and cash equivalents	6,568,755	576,180
Recurring basis \| U.S. Government-sponsored enterprises
Fair Value Measurements
Investments Owned, Fair Value	20,066,896	31,644,430
Recurring basis \| U.S. Government securities
Fair Value Measurements
Investments Owned, Fair Value	3,996,871	13,431,977
Recurring basis \| U.S. Exchange Traded Funds
Fair Value Measurements
Investments Owned, Fair Value	7,482,580	5,004,400
Recurring basis \| Level 1
Fair Value Measurements
Total - Assets	14,474,174	5,982,387
Recurring basis \| Level 1 \| Futures Contracts
Fair Value Measurements
Open derivative contracts, fair value	422,839	401,807
Recurring basis \| Level 1 \| U.S. money market fund
Fair Value Measurements
Cash and cash equivalents	6,568,755	576,180
Recurring basis \| Level 1 \| U.S. Exchange Traded Funds
Fair Value Measurements
Investments Owned, Fair Value	7,482,580	5,004,400
Recurring basis \| Level 2
Fair Value Measurements
Total - Assets	19,382,263	48,044,773
Recurring basis \| Level 2 \| Forward Contracts
Fair Value Measurements
Open derivative contracts, fair value	6,846	(69,073)
Recurring basis \| Level 2 \| Swap Contracts
Fair Value Measurements
Open derivative contracts, fair value	(4,688,350)	3,037,439
Recurring basis \| Level 2 \| U.S. Government-sponsored enterprises
Fair Value Measurements
Investments Owned, Fair Value	20,066,896	31,644,430
Recurring basis \| Level 2 \| U.S. Government securities
Fair Value Measurements
Investments Owned, Fair Value	$ 3,996,871	$ 13,431,977

Commodity Trading Advisors an_2

Commodity Trading Advisors and Reference Traders (Details)	6 Months Ended
Commodity Trading Advisors and Reference Traders (Details)	Jun. 30, 2020
Minimum
Commodity Trading Advisors and Reference Traders
Annual percentage of allocated net assets paid as a management fee to commodity trading advisors and reference traders	0.20%
Percentage of new trading profits on allocated net assets paid as a incentive fee to commodity trading advisors and reference traders	0.00%
Maximum
Commodity Trading Advisors and Reference Traders
Annual percentage of allocated net assets paid as a management fee to commodity trading advisors and reference traders	1.00%
Percentage of new trading profits on allocated net assets paid as a incentive fee to commodity trading advisors and reference traders	20.00%

General Partner and Related P_3

General Partner and Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
General Partner and Related Party Transactions
Brokerage charge	$ 586,807	$ 830,346	$ 1,245,636	$ 1,711,765
Incentive fees	842	205,534	62,661	236,905
Organizational and offering costs	35,954	52,829	77,925	108,468
Operating expenses	31,398	45,955	$ 67,935	94,275
Maximum
General Partner and Related Party Transactions
Percent of the notional amount of a swap transaction used as the basis for fees paid to a counterparty			0.50%
Percentage of average month-end net assets as basis for determining operating expense reimbursements			0.25%
General Partner
General Partner and Related Party Transactions
Minimum ownership of units as a percentage of all capital contributions of all Partners to the Partnership, option one			1.00%
Value of minimum ownership of units, option two			$ 25,000
Percentage of total capital contributions of all partners and all related limited partnerships used in computation of minimum net worth, option one			5.00%
Percentage of Units being offered for sale in the Partnership used in computation of minimum net worth, option one			5.00%
Amount of minimum net worth required to be maintained, option two			$ 50,000
Amount of maximum net worth required to be maintained			$ 1,000,000
Percentage of General Partners limited partnership interest in the entity treated as a general partnership interest			10.00%
Minimum amount to which the general partner will reduce the brokerage charge after offset of transaction costs and consulting fees			$ 0
General Partner \| Class A
General Partner and Related Party Transactions
Brokerage charge (as a percent)			7.00%
Organization and Offering Reimbursement (as a percent)			0.10%
Operating Expense (as a percent)			0.25%
General Partner \| Class B
General Partner and Related Party Transactions
Brokerage charge (as a percent)			7.45%
Organization and Offering Reimbursement (as a percent)			0.30%
Operating Expense (as a percent)			0.25%
General Partner \| Legacy 1 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)			4.50%
Organization and Offering Reimbursement (as a percent)			0.30%
Operating Expense (as a percent)			0.25%
General Partner \| Legacy 2 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)			4.75%
Organization and Offering Reimbursement (as a percent)			0.30%
Operating Expense (as a percent)			0.25%
General Partner \| Global 1 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)			3.95%
Organization and Offering Reimbursement (as a percent)			0.30%
Operating Expense (as a percent)			0.25%
General Partner \| Global 2 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)			4.20%
Organization and Offering Reimbursement (as a percent)			0.30%
Operating Expense (as a percent)			0.25%
General Partner \| Global 3 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)			5.95%
Organization and Offering Reimbursement (as a percent)			0.30%
Operating Expense (as a percent)			0.25%
EMC
General Partner and Related Party Transactions
Brokerage charge	19,400	18,200	$ 39,300	39,700
Incentive fees	$ 0	$ 0	$ 0	$ 0

Redemptions and Allocation of_2

Redemptions and Allocation of Net Income or Loss (Details)	6 Months Ended
Redemptions and Allocation of Net Income or Loss (Details)	Jun. 30, 2020USD ($)
Class A
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Class B
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Legacy 1 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Legacy 2 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Global 1 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Global 2 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Global 3 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Minimum period of holding of units after which no redemption fees are applicable	1 year
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months

Financial Highlights (Details)

Financial Highlights (Details) - $ / shares	3 Months Ended		6 Months Ended
Financial Highlights (Details) - $ / shares	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Ratios as a percentage of average net assets:
Expenses prior to incentive fees (as a percent)	5.36%	5.17%	5.13%	5.18%
Incentive fees (as a percent)	0.00%	0.29%	0.12%	0.32%
Total expenses (as a percent)	5.36%	5.46%	5.25%	5.50%
Net investment loss (as a percent)	(4.06%)	(3.44%)	(3.71%)	(3.62%)
Class A
Financial Highlights
Total return (as a percent)	1.18%	1.38%	(14.79%)	2.86%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 835.53	$ 960	$ 992.10	$ 946.24
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	18.97	25.61	(127.83)	49.05
Expenses net of interest and dividend income (in dollars per unit)	(9.15)	(12.34)	(18.92)	(22.02)
Total income (loss) from operations (in dollars per unit)	9.82	13.27	(146.75)	27.03
Net asset value per unit at end of period (in dollars per unit)	$ 845.35	$ 973.27	$ 845.35	$ 973.27
Class B
Financial Highlights
Total return (as a percent)	1.02%	1.27%	(15.07%)	2.58%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 672.46	$ 777.20	$ 799.78	$ 767.31
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	15.55	20.66	(102.50)	39.69
Expenses net of interest and dividend income (in dollars per unit)	(8.72)	(10.76)	(17.99)	(19.90)
Total income (loss) from operations (in dollars per unit)	6.83	9.90	(120.49)	19.79
Net asset value per unit at end of period (in dollars per unit)	$ 679.29	$ 787.10	$ 679.29	$ 787.10
Legacy 1 Class
Financial Highlights
Total return (as a percent)	1.76%	1.94%	(13.80%)	3.99%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 704.98	$ 791.92	$ 832.28	$ 776.34
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	16.02	20.70	(107.53)	39.85
Expenses net of interest and dividend income (in dollars per unit)	(3.60)	(5.31)	(7.35)	(8.88)
Total income (loss) from operations (in dollars per unit)	12.42	15.39	(114.88)	30.97
Net asset value per unit at end of period (in dollars per unit)	$ 717.40	$ 807.31	$ 717.40	$ 807.31
Legacy 2 Class
Financial Highlights
Total return (as a percent)	1.70%	1.88%	(13.91%)	3.79%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 684.22	$ 770.52	$ 808.27	$ 756.33
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	15.53	20.41	(104.41)	39.21
Expenses net of interest and dividend income (in dollars per unit)	(3.92)	(5.93)	(8.03)	(10.54)
Total income (loss) from operations (in dollars per unit)	11.61	14.48	(112.44)	28.67
Net asset value per unit at end of period (in dollars per unit)	$ 695.83	$ 785	$ 695.83	$ 785
Global 1 Class
Financial Highlights
Total return (as a percent)	1.90%	2.08%	(13.56%)	4.14%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 709.85	$ 793.10	$ 836.87	$ 777.40
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	16.15	21	(108.10)	40.34
Expenses net of interest and dividend income (in dollars per unit)	(2.63)	(4.51)	(5.40)	(8.15)
Total income (loss) from operations (in dollars per unit)	13.52	16.49	(113.50)	32.19
Net asset value per unit at end of period (in dollars per unit)	$ 723.37	$ 809.59	$ 723.37	$ 809.59
Global 2 Class
Financial Highlights
Total return (as a percent)	1.84%	2.02%	(13.67%)	4.10%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 691.71	$ 774.74	$ 815.99	$ 759.26
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	15.70	20.52	(105.44)	39.42
Expenses net of interest and dividend income (in dollars per unit)	(2.99)	(4.90)	(6.13)	(8.32)
Total income (loss) from operations (in dollars per unit)	12.71	15.62	(111.57)	31.10
Net asset value per unit at end of period (in dollars per unit)	$ 704.42	$ 790.36	$ 704.42	$ 790.36
Global 3 Class
Financial Highlights
Total return (as a percent)	1.39%	1.59%	(14.42%)	3.29%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 571.64	$ 651.28	$ 677.29	$ 640.57
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	12.98	17.24	(87.24)	33.10
Expenses net of interest and dividend income (in dollars per unit)	(5.01)	(6.86)	(10.44)	(12.01)
Total income (loss) from operations (in dollars per unit)	7.97	10.38	(97.68)	21.09
Net asset value per unit at end of period (in dollars per unit)	$ 579.61	$ 661.66	$ 579.61	$ 661.66

Trading Activities and Relate_2

Trading Activities and Related Risks (Details) - USD ($)	6 Months Ended	12 Months Ended
Trading Activities and Related Risks (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Trading Activities and Related Risks
Cash and cash equivalents	$ 13,206,316	$ 10,866,216
FCMs, interbank market makers and swap counterparties
Trading Activities and Related Risks
Required margin and good faith deposits, low end of the range (as a percent)	5.00%
Required margin and good faith deposits, high end of the range (as a percent)	35.00%
Cash and cash equivalents	$ 13,206,316	$ 10,866,216
Cash deposited with trading counterparties, percent of net asset value	28.66%	17.20%

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Fair Values of Derivative Instruments
Asset Derivatives	$ 904,693	$ 5,103,822
Liability Derivatives	$ (5,163,358)	$ (1,733,649)
Agriculturals \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	3.00%	3.00%
Energy \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	2.00%	3.00%
Interest rates \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	73.00%	46.00%
Interest rates \| Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	54.00%
Interest rates \| Deutsche Bank Total Return Swap Terminating July 1, 2020
Fair Values of Derivative Instruments
Sector exposure index		39.00%
Metals \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	3.00%	5.00%
Stock indices \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	3.00%	12.00%
Stock indices \| Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	12.00%
Stock indices \| Deutsche Bank Total Return Swap Terminating July 1, 2020
Fair Values of Derivative Instruments
Sector exposure index		22.00%
Futures Contracts
Fair Values of Derivative Instruments
Asset Derivatives	$ 851,682	$ 1,385,860
Liability Derivatives	(428,843)	(984,053)
Fair Value	422,839	401,807
Futures Contracts \| Agriculturals
Fair Values of Derivative Instruments
Asset Derivatives	16,423	201,399
Liability Derivatives	(112,874)	(45,915)
Fair Value	(96,451)	155,484
Futures Contracts \| Currencies
Fair Values of Derivative Instruments
Asset Derivatives	25,459	77,837
Liability Derivatives	(188)	(71,524)
Fair Value	25,271	6,313
Futures Contracts \| Energy
Fair Values of Derivative Instruments
Asset Derivatives	27,294	399,221
Liability Derivatives	(52,414)	(314,480)
Fair Value	(25,120)	84,741
Futures Contracts \| Interest rates
Fair Values of Derivative Instruments
Asset Derivatives	367,734	47,095
Liability Derivatives	(63,437)	(324,965)
Fair Value	304,297	(277,870)
Futures Contracts \| Meats
Fair Values of Derivative Instruments
Asset Derivatives	8,202	1,715
Liability Derivatives	(352)	(5,030)
Fair Value	7,850	(3,315)
Futures Contracts \| Metals
Fair Values of Derivative Instruments
Asset Derivatives	248,506	277,156
Liability Derivatives	(58,427)	(152,572)
Fair Value	190,079	124,584
Futures Contracts \| Soft commodities
Fair Values of Derivative Instruments
Asset Derivatives	27,606	56,283
Liability Derivatives	(13,378)	(3,922)
Fair Value	14,228	52,361
Futures Contracts \| Stock indices
Fair Values of Derivative Instruments
Asset Derivatives	130,458	325,154
Liability Derivatives	(127,773)	(65,645)
Fair Value	2,685	259,509
Forward Contracts
Fair Values of Derivative Instruments
Fair Value	6,846	(69,073)
Forward Contracts \| Currencies
Fair Values of Derivative Instruments
Asset Derivatives	53,011	67,730
Liability Derivatives	(46,165)	(136,803)
Fair Value	$ 6,846	$ (69,073)
Forward Contracts \| Currencies \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	16.00%	31.00%
Forward Contracts \| Currencies \| Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	34.00%
Forward Contracts \| Currencies \| Deutsche Bank Total Return Swap Terminating July 1, 2020
Fair Values of Derivative Instruments
Sector exposure index		39.00%
Swap Contracts
Fair Values of Derivative Instruments
Asset Derivatives		$ 3,650,232
Liability Derivatives	$ (4,688,350)	(612,793)
Fair Value	$ (4,688,350)	$ 3,037,439
Swap Contracts \| Deutsche Bank Total Return Swap Terminating April 30, 2024
Fair Values of Derivative Instruments
Sector exposure index	100.00%	100.00%
Swap Contracts \| Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	100.00%
Swap Contracts \| Deutsche Bank Total Return Swap Terminating July 1, 2020
Fair Values of Derivative Instruments
Sector exposure index		100.00%

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivatives on Statement of Operations (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)instrument	Jun. 30, 2019USD ($)instrument	Jun. 30, 2020USD ($)instrument	Jun. 30, 2019USD ($)instrument
Derivative Instruments
Rarely exceeded margin-to-equity ratio (as a percent)			25.00%
Futures, Forward, and Swap Contracts
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 973,211	$ 2,198,502	$ (7,187,516)	$ 4,252,004
Futures Contracts
Derivative Instruments
Monthly average number of derivative instruments bought and sold \| instrument	3,329	7,210	4,038	9,088
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 608,407	$ 2,221,602	$ 311,871	$ 4,469,667
Futures Contracts \| Agriculturals
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(344,256)	(211,545)	(173,223)	(94,666)
Futures Contracts \| Currencies
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(147,901)	(289,561)	279,608	(795,744)
Futures Contracts \| Energy
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(84,987)	(35,756)	483,710	(613,998)
Futures Contracts \| Interest rates
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	276,356	1,965,918	2,133,625	5,043,809
Futures Contracts \| Meats
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	12,789	(36,169)	156,460	(62,318)
Futures Contracts \| Metals
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	94,563	472,304	445,599	218,959
Futures Contracts \| Soft commodities
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(55,254)	(48,942)	(52,967)	(211,447)
Futures Contracts \| Stock indices
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 857,097	$ 405,353	$ (2,960,941)	$ 985,072
Forward Contracts
Derivative Instruments
Monthly average number of derivative instruments bought and sold \| instrument	217	63	307	247
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ (18,462)	$ 114,565	$ 226,402	$ 150,920
Forward Contracts \| Currencies
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(18,462)	114,565	226,402	150,920
Swap Contracts
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 383,266	$ (137,665)	$ (7,725,789)	$ (368,583)

Derivative Instruments - Deriva

Derivative Instruments - Derivatives by Line Item in Statement of Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Futures, Forward, and Swap Contracts
Net gain (loss) from futures and forward currency trading
Total realized and changed in unrealized net gain (loss)	$ 973,211	$ 2,198,502	$ (7,187,516)	$ 4,252,004
Futures Contracts
Net gain (loss) from futures and forward currency trading
Realized	1,160,943	2,427,565	290,839	4,315,148
Change in unrealized	(552,536)	(205,963)	21,032	154,519
Total realized and changed in unrealized net gain (loss)	608,407	2,221,602	311,871	4,469,667
Forward Contracts
Net gain (loss) from futures and forward currency trading
Realized	(14,955)	39,925	150,483	57,838
Change in unrealized	(3,507)	74,640	75,919	93,082
Total realized and changed in unrealized net gain (loss)	(18,462)	114,565	226,402	150,920
Swap Contracts
Net gain (loss) from futures and forward currency trading
Change in unrealized	383,266	(137,665)	(7,725,789)	(368,583)
Total realized and changed in unrealized net gain (loss)	$ 383,266	$ (137,665)	$ (7,725,789)	$ (368,583)

Derivative Instruments - Offset

Derivative Instruments - Offsetting of Derivative Assets (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	$ 904,693	$ 5,103,822
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(5,163,358)	(1,733,649)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		3,370,173
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	(4,258,665)
Futures Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	851,682	1,385,860
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(428,843)	(984,053)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	422,839	401,807
Forward Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	53,011	67,730
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(46,165)	(136,803)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	6,846
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		(69,073)
Swap Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets		3,650,232
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(4,688,350)	(612,793)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		$ 3,037,439
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	$ (4,688,350)

Derivative Instruments - Offs_2

Derivative Instruments - Offsetting of Derivative Liabilities (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	$ 5,163,358	$ 1,733,649
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(5,163,358)	(1,733,649)
Futures Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	428,843	984,053
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(428,843)	(984,053)
Forward Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	46,165	136,803
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(46,165)	(136,803)
Swap Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	4,688,350	612,793
Gross Amounts Offset in the Consolidated Statement of Financial Condition	$ (4,688,350)	$ (612,793)

Derivative Instruments - Collat

Derivative Instruments - Collateral by Counterparty (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		$ 3,370,173
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	$ (4,258,665)
Net Amount		3,370,173
Net Amount	(4,258,665)
ADM Investor Services, Inc.
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	155,904
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		(75,551)
Net Amount	155,904
Net Amount		(75,551)
Deutsche Bank AG
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		3,037,439
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	(4,688,350)
Net Amount		3,037,439
Net Amount	(4,688,350)
SG Americas Securities, LLC
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	273,781	408,285
Net Amount	$ 273,781	$ 408,285

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended
Subsequent Events (Details)	Aug. 14, 2020USD ($)
Subsequent Event
Subsequent Events
Transfers between Partner unit classes	$ 98,500