Grant Park Futures Fund Limited Partnership 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2021shares
Document and Entity Information
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
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	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000845698
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Equity in brokers' trading accounts:
Cash	$ 8,243,661	$ 9,659,503
Total equity in brokers' trading accounts	8,428,183	9,738,841
Cash and cash equivalents	12,112,356	4,887,405
Securities owned, at fair value	26,893,719	32,199,809
Net interest and dividend receivable, net	6	2,628
Total assets	47,434,264	46,828,683
Liabilities
Brokerage charge payable	238,308	237,272
Accrued incentive fees	423,323	210,546
Organization and offering costs payable	11,105	11,070
Accrued operating expenses	9,789	9,734
Redemptions payable to limited partners	369,066	1,097,230
Interest and other liabilities	10,273	25,250
Total liabilities	1,061,864	1,591,102
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	46,372,400	45,237,581
Total liabilities and partners' capital (net asset value)	47,434,264	46,828,683
Class A
Partners' Capital (Net Asset Value)
General Partner	292,523	276,860
Limited Partners	3,541,121	3,351,509
Class B
Partners' Capital (Net Asset Value)
Limited Partners	28,723,299	28,009,494
Legacy 1 Class
Partners' Capital (Net Asset Value)
Limited Partners	392,061	370,186
Legacy 2 Class
Partners' Capital (Net Asset Value)
General Partner	208,531	197,003
Limited Partners	111,382	105,224
Global 1 Class
Partners' Capital (Net Asset Value)
General Partner	325,061	306,534
Limited Partners	12,166,856	12,024,149
Global 2 Class
Partners' Capital (Net Asset Value)
General Partner	186,662	176,124
Limited Partners	416,614	412,668
Global 3 Class
Partners' Capital (Net Asset Value)
Limited Partners	8,290	7,830
Futures Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	707,058	1,563,838
Forward Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	167,234	(63,929)
Swap Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	$ (689,770)	$ (1,420,571)

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Securities owned, cost (in dollars)	$ 27,121,004	$ 32,419,952
Class A
General Partner, units outstanding	307.34	307.34
Limited Partners, units outstanding	3,720.55	3,720.55
Class B
Limited Partners, units outstanding	37,723.79	38,806.88
Legacy 1 Class
Limited Partners, units outstanding	479.12	479.12
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	14,700.05	15,405.71
Global 2 Class
General Partner, units outstanding	231.81	231.81
Limited Partners, units outstanding	517.37	543.13
Global 3 Class
Limited Partners, units outstanding	12.62	12.62

Consolidated Condensed Schedule

Consolidated Condensed Schedule of Investments - USD ($)		Mar. 31, 2021	Dec. 31, 2020
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Investments Owned, Cost		$ 27,121,004	$ 32,419,952
Investments Owned, Fair Value		26,893,719	32,199,809
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		$ (967,285)	$ 437,189
Percent of Partners' Capital (Net Asset Value)		(2.08%)	0.97%
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]	$ (315,934)	$ 35,488
Percent of Partners' Capital (Net Asset Value)	[1]	(0.68%)	0.08%
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]	$ 38,419	$ 1,822,272
Percent of Partners' Capital (Net Asset Value)	[1]	0.08%	4.03%
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]	$ 109,116	$ 1,498,191
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]	$ 91,922	$ 497,749
Percent of Partners' Capital (Net Asset Value)	[1]	0.20%	1.10%
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]	$ (33,843)	$ 160,805
Percent of Partners' Capital (Net Asset Value)	[1]	(0.07%)	0.36%
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]	$ 128,574	$ 246,968
Percent of Partners' Capital (Net Asset Value)	[1]	0.27%	0.55%
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]	$ (173,312)	$ 34,956
Percent of Partners' Capital (Net Asset Value)	[1]	(0.37%)	0.07%
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]	$ 110,108	$ 13,025
Percent of Partners' Capital (Net Asset Value)	[1]	0.24%	0.03%
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]	$ (27,562)	$ 162,472
Percent of Partners' Capital (Net Asset Value)	[1]	(0.06%)	0.36%
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]	$ (6,604)	$ 235,885
Percent of Partners' Capital (Net Asset Value)	[1]	(0.01%)	0.52%
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]	$ 19,833	$ 146,331
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%	0.32%
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]	$ (70,697)	$ 324,081
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]	$ (8,939)	$ 59,748
Percent of Partners' Capital (Net Asset Value)	[1]	(0.02%)	0.13%
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]	$ (114,453)	$ 146,552
Percent of Partners' Capital (Net Asset Value)	[1]	(0.25%)	0.32%
Open long contracts | Futures Contracts | Foreign 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]	$ (1,470)	$ 2,290
Percent of Partners' Capital (Net Asset Value)	[1]		0.01%
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]	$ 54,165	$ 115,491
Percent of Partners' Capital (Net Asset Value)	[1]	0.12%	0.26%
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		$ (689,770)
Percent of Partners' Capital (Net Asset Value)		(1.48%)
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			$ (1,420,571)
Percent of Partners' Capital (Net Asset Value)			(3.14%)
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		$ 1,151,807	$ (357,851)
Percent of Partners' Capital (Net Asset Value)		2.48%	(0.79%)
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]	$ 483,168	$ (99,417)
Percent of Partners' Capital (Net Asset Value)	[1]	1.04%	(0.22%)
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]	$ 668,639	$ (258,434)
Percent of Partners' Capital (Net Asset Value)	[1]	1.44%	(0.57%)
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]	$ 596,255	$ (180,920)
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]	$ (24,320)	(1,937)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.05%)
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]	$ 52,859	$ 14,100
Percent of Partners' Capital (Net Asset Value)	[1]	0.11%	0.03%
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]	$ 216,895	$ (115,816)
Percent of Partners' Capital (Net Asset Value)	[1]	0.47%	(0.26%)
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]	$ 262,403	$ (6,310)
Percent of Partners' Capital (Net Asset Value)	[1]	0.56%	(0.01%)
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]	$ 72,745	$ (32,855)
Percent of Partners' Capital (Net Asset Value)	[1]	0.16%	(0.08%)
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]	$ 15,673	$ (4,387)
Percent of Partners' Capital (Net Asset Value)	[1]	0.03%	(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]		$ (33,715)
Percent of Partners' Capital (Net Asset Value)	[1]		(0.07%)
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]	$ 72,384	$ (77,514)
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]	$ 34,034	$ (122,828)
Percent of Partners' Capital (Net Asset Value)	[1]	0.07%	(0.27%)
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]	$ 41,658	$ 47,376
Percent of Partners' Capital (Net Asset Value)	[1]	0.09%	0.11%
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]	$ (3,308)	$ (2,062)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.01%)	(0.01%)
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		$ 184,522	$ 79,338
Percent of Partners' Capital (Net Asset Value)		0.40%	0.18%
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]	$ 167,234	$ (63,929)
Percent of Partners' Capital (Net Asset Value)	[1]	0.36%	(0.14%)
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]	$ 707,058	$ 1,563,838
Percent of Partners' Capital (Net Asset Value)	[1]	1.52%	3.46%
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]	$ 705,371	$ 1,317,271
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]	$ 67,602	$ 495,812
Percent of Partners' Capital (Net Asset Value)	[1]	0.15%	1.10%
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]	$ 19,016	$ 174,905
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%	0.39%
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]	$ 345,469	$ 131,152
Percent of Partners' Capital (Net Asset Value)	[1]	0.74%	0.29%
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]	$ 89,091	$ 28,646
Percent of Partners' Capital (Net Asset Value)	[1]	0.19%	0.06%
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]	$ 110,108	$ 13,025
Percent of Partners' Capital (Net Asset Value)	[1]	0.24%	0.03%
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]	$ 45,183	$ 129,617
Percent of Partners' Capital (Net Asset Value)	[1]	0.10%	0.28%
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]	$ 9,069	$ 231,498
Percent of Partners' Capital (Net Asset Value)	[1]	0.02%	0.51%
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]	$ 19,833	$ 112,616
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%	0.25%
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]	$ 1,687	$ 246,567
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]	$ 25,095	$ (63,080)
Percent of Partners' Capital (Net Asset Value)	[1]	0.05%	(0.14%)
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]	$ (72,795)	$ 193,928
Percent of Partners' Capital (Net Asset Value)	[1]	(0.16%)	0.43%
Open contracts | Futures Contracts | Foreign 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]	$ (1,470)	$ 2,290
Percent of Partners' Capital (Net Asset Value)	[1]		0.01%
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]	$ 50,857	$ 113,429
Percent of Partners' Capital (Net Asset Value)	[1]	0.11%	0.25%
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		$ (689,770)
Percent of Partners' Capital (Net Asset Value)		(1.48%)
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			$ (1,420,571)
Percent of Partners' Capital (Net Asset Value)			(3.14%)
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)		58.00%	71.18%
Investments Owned, Cost		$ 27,121,004	$ 32,419,952
Investments Owned, Fair Value		$ 26,893,719	$ 32,199,809
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)		25.66%	33.21%
Investments Owned, Cost		$ 11,894,315	$ 14,999,285
Investments Owned, Fair Value		$ 11,899,240	$ 15,023,691
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)			5.56%
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)		8.40%	4.42%
Investments Owned, Face Value		$ 3,896,000	$ 2,000,000
Investments Owned, Rate of Return Range Minimum		0.20%	0.20%
Investments Owned, Fair Value		$ 3,895,855	$ 2,000,350
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)		4.31%	9.95%
Investments Owned, Face Value		$ 2,000,000	$ 4,500,000
Investments Owned, Rate of Return Range Minimum		0.30%	0.30%
Investments Owned, Rate of Return Range Maximum			0.50%
Investments Owned, Fair Value		$ 2,000,050	$ 4,501,581
Securities owned | Federal National Mortgage Association | 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)		12.95%	13.28%
Investments Owned, Face Value		$ 6,000,000	$ 6,000,000
Investments Owned, Rate of Return Range Minimum		0.30%	0.30%
Investments Owned, Rate of Return Range Maximum		0.40%	0.40%
Investments Owned, Fair Value		$ 6,003,335	$ 6,005,310
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)		15.09%	15.87%
Investments Owned, Cost		$ 7,231,787	$ 7,425,915
Investments Owned, Fair Value		$ 6,996,895	$ 7,180,070
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)		1.37%	1.34%
Investments Owned, Shares		38,000	38,000
Investments Owned, Fair Value		$ 634,600	$ 605,340
Securities owned | BlackRock Short Maturity Bond ETF [Member]
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)		1.08%
Investments Owned, Shares		10,000
Investments Owned, Fair Value		$ 501,900
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)		2.95%	3.01%
Investments Owned, Shares		85,000	85,000
Investments Owned, Fair Value		$ 1,368,925	$ 1,361,700
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)		1.62%	1.69%
Investments Owned, Shares		50,000	50,000
Investments Owned, Fair Value		$ 750,000	$ 763,000
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%	1.12%
Investments Owned, Shares		10,000	10,000
Investments Owned, Fair Value		$ 507,800	$ 507,200
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)			1.11%
Investments Owned, Shares			10,000
Investments Owned, Fair Value			$ 501,700
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)		2.64%	2.71%
Investments Owned, Shares		12,000	12,000
Investments Owned, Fair Value		$ 1,222,920	$ 1,224,480
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)		3.24%	3.27%
Investments Owned, Shares		55,000	55,000
Investments Owned, Fair Value		$ 1,503,150	$ 1,482,250
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%	1.06%
Investments Owned, Shares		20,000	15,000
Investments Owned, Fair Value		$ 507,600	$ 481,500
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)	[1]		0.56%
Investments Owned, Shares	[1]		10,000
Investments Owned, Fair Value	[1]		$ 252,900
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)		17.25%	22.10%
Investments Owned, Face Value		$ 8,000,000	$ 10,000,000
Investments Owned, Rate of Return Range Minimum		0.10%	1.00%
Investments Owned, Cost		$ 7,994,902	$ 9,994,752
Investments Owned, Fair Value		$ 7,997,584	$ 9,996,048
[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.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net gain (loss) from futures, forward, swap, and securities trading
Realized	$ 27,807
Change in unrealized	(15,699)	$ (837,641)
Net gains (losses) from securities	12,108	(837,641)
Net trading gains (losses)	3,520,495	(9,202,285)
Income
Interest income	12,155	141,765
Dividend income	49,951	86,067
Total income	62,106	227,832
Expenses from operations
Brokerage charge	552,558	658,829
Incentive fees	423,323	61,819
Organizational and offering costs	33,245	41,971
Operating expenses	29,285	36,537
Total expenses	1,038,411	799,156
Net investment loss	(976,305)	(571,324)
Net income (loss)	$ 2,544,190	$ (9,773,609)
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)	$ 50.97	$ (156.57)
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)	39.64	(127.32)
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)	45.66	(127.30)
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)	43.81	(124.05)
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)	47.18	(127.02)
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)	45.45	(124.28)
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)	$ 36.43	$ (105.65)
Futures Contracts
Net gain (loss) from futures, forward, swap, and securities trading
Realized	$ 3,496,129	$ (870,104)
Change in unrealized	(856,780)	573,568
Commissions	(169,817)	(200,147)
Net gains (losses)	2,469,532	(496,683)
Forward Contracts
Net gain (loss) from futures, forward, swap, and securities trading
Realized	78,175	165,438
Change in unrealized	231,163	79,426
Commissions	(1,284)	(3,770)
Net gains (losses)	308,054	241,094
Swap Contracts
Net gain (loss) from futures, forward, swap, and securities trading
Net gains (losses)	730,801	(8,109,055)
Change in unrealized	$ 730,801	$ (8,109,055)

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 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)			$ 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							$ 212,682			$ 328,671			$ 189,151
Partners' capital, (net asset value) (in units) at Dec. 31, 2019	307.34							263.13			392.74			231.81
Partners' capital, (net asset value) at Dec. 31, 2019		$ 3,710,803		$ 41,821,340		$ 414,242			$ 113,599			$ 15,265,460			$ 501,820		$ 323,221
Partners' capital, (net asset value) (in units) at Dec. 31, 2019		3,740.34		52,290.82		497.72			140.55			18,241.21			614.97		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
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
Net asset value per unit at end of period (in dollars per unit)			$ 900.81		$ 721.77		$ 772.63			$ 748.69			$ 780.50			$ 759.80		$ 620.27
Partners' capital, (net asset value) at Dec. 31, 2020	$ 276,860		$ 276,860					$ 197,003		$ 197,003	$ 306,534		$ 306,534	$ 176,124		$ 176,124
Partners' capital, (net asset value) (in units) at Dec. 31, 2020	307.34		307.34					263.13		263.13	392.74		392.74	231.81		231.81
Partners' capital, (net asset value) at Dec. 31, 2020		$ 3,351,509	$ 3,351,509	$ 28,009,494	$ 28,009,494	$ 370,186	$ 370,186		$ 105,224	$ 105,224		$ 12,024,149	$ 12,024,149		$ 412,668	$ 412,668	$ 7,830	$ 7,830
Partners' capital, (net asset value) (in units) at Dec. 31, 2020		3,720.55	3,720.55	38,806.88	38,806.88	479.12	479.12		140.55	140.55		15,405.71	15,405.71		543.13	543.13	12.62	12.62
Partners' capital, (net asset value) at Dec. 31, 2020																			45,237,581
Increase (Decrease) in Partners' Capital
Redemptions				$ (815,848)								$ (573,890)			$ (19,633)				(1,409,371)
Redemptions (in units)				(1,083.09)								(705.66)			(25.76)
Net income (loss)	$ 15,663	$ 189,612		$ 1,529,653		$ 21,875		$ 11,528	$ 6,158		$ 18,527	$ 716,597		$ 10,538	$ 23,579		$ 460		2,544,190
Partners' capital, (net asset value) at Mar. 31, 2021	$ 292,523		$ 292,523					$ 208,531		$ 208,531	$ 325,061		$ 325,061	$ 186,662		$ 186,662
Partners' capital, (net asset value) (in units) at Mar. 31, 2021	307.34		307.34					263.13		263.13	392.74		392.74	231.81		231.81
Partners' capital, (net asset value) at Mar. 31, 2021		$ 3,541,121	$ 3,541,121	$ 28,723,299	$ 28,723,299	$ 392,061	$ 392,061		$ 111,382	$ 111,382		$ 12,166,856	$ 12,166,856		$ 416,614	$ 416,614	$ 8,290	$ 8,290
Partners' capital, (net asset value) (in units) at Mar. 31, 2021		3,720.55	3,720.55	37,723.79	37,723.79	479.12	479.12		140.55	140.55		14,700.05	14,700.05		517.37	517.37	12.62	12.62
Partners' capital, (net asset value) at Mar. 31, 2021																			$ 46,372,400
Increase (Decrease) in Partners' Capital
Net asset value per unit at end of period (in dollars per unit)			$ 951.78		$ 761.41		$ 818.29			$ 792.50			$ 827.68			$ 805.25		$ 656.70

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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 are no longer offered for sale. For existing investors in the Partnership, business continues to be conducted as usual. There was no change in the trading, operations, or monthly statements, etc. as a result of the termination of the offering, and redemption requests 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 1, GP 9 and GP 11 as of March 31, 2021 and December 31, 2020. 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 (“ASC”) Topic 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 March 31, 2021, 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 2017. 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 March 31, 2021, unreimbursed organization and offering costs incurred by the General Partner were approximately $107,000 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 a total return swap with Deutsche Bank AG. The Partnership maintains cash as collateral to secure its obligations under the swap. As of March 31, 2021 and December 31, 2020, the notional value of the swap was $9,160,869 and $9,589,399, respectively, and the cash margin balance was $3,150,000 and $4,650,000, respectively, which is included in equity in brokers’ trading accounts on the consolidated statements of financial condition. The swap effective July 1, 2015 has a termination date of June 30, 2025. The swap effective April 5, 2016 had a termination date of April 30, 2024 and was terminated effective July 1, 2020. 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 March 31, 2021 and 2020, 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 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 three months ended March 31, 2021.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 707,058 $ — $ — $ 707,058 Forward currency contracts — 167,234 — 167,234 Swap contracts — (689,770) — (689,770) Cash and cash equivalents U.S. Government securities — 4,999,902 — 4,999,902 U.S. money market fund 7,103,887 — — 7,103,887 Securities owned U.S. Government-sponsored enterprises — 11,899,240 — 11,899,240 U.S. Government securities — 7,997,584 — 7,997,584 U.S. Exchange-traded funds 6,996,895 — — 6,996,895 Total $ 14,807,840 $ 24,374,190 $ — $ 39,182,030 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, 2020: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 1,563,838 $ — $ — $ 1,563,838 Forward currency contracts — (63,929) — (63,929) Swap contracts — (1,420,571) — (1,420,571) Cash and cash equivalents U.S. money market fund 4,876,725 — — 4,876,725 Securities owned U.S. Government-sponsored enterprises — 15,023,691 — 15,023,691 U.S. Government securities — 9,996,048 — 9,996,048 U.S. Exchange-traded funds 7,180,070 — — 7,180,070 Total $ 13,620,633 $ 23,535,239 $ — $ 37,155,872 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 three months ended March 31, 2021 and year ended December 31, 2020.

Deposits with Brokers and Inter

Deposits with Brokers and Interbank Market Makers	3 Months Ended
	Mar. 31, 2021
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., Rosenthal Collins Group Division of Marex Spectron 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	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the commodity trading advisors are EMC Capital Advisors, LLC (“EMC”), Episteme Capital Partners (UK) LLP (“Episteme”), Quantica Capital AG (“Quantica”) and Sterling Partners Quantitative Investments LLC (“Sterling”) (collectively, the “Advisors”). The Partnership will obtain the equivalent of net profits or net losses generated by H2O AM LLP (“H2O”) and as a reference trader (“Reference Trader”) through an off-exchange swap transaction and will not allocate assets to H2O directly. The Advisors and Reference Trader 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	3 Months Ended
	Mar. 31, 2021
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 $552,558 and $658,829 for the three months ended March 31, 2021 and 2020, respectively, 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 $33,245 and $41,971 for the three months ended March 31, 2021 and 2020, respectively, 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 $29,285 and $36,537 for the three months ended March 31, 2021 and 2020, respectively, 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 months ended March 31, 2021 and 2020, EMC was paid approximately $22,300 and $19,900, respectively, in consulting fees and $45,400 and $0, respectively, in incentive fees.

Redemptions and Allocation of N

Redemptions and Allocation of Net Income or Loss	3 Months Ended
	Mar. 31, 2021
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	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 2020 Total return – Class A Units 5.66 % % Total return – Class B Units 5.49 % % Total return – Legacy 1 Class Units 5.91 % % Total return – Legacy 2 Class Units 5.85 % % Total return – Global 1 Class Units 6.04 % % Total return – Global 2 Class Units 5.98 % % Total return – Global 3 Class Units 5.87 % % Ratios as a percentage of average net assets: Expenses prior to incentive fees (1) 5.37 % 5.02 % Incentive fees (2) 0.92 % 0.11 % Total expenses 6.29 % 5.13 % 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 months ended March 31, 2021 and 2020 (annualized). The following per unit performance calculations reflect activity related to the Partnership for the three months ended March 31, 2021 and 2020. Class A Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 900.81 $ 992.10 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 70.63 (146.80) Expenses net of interest and dividend income* (19.66) (9.77) Total income (loss) from operations 50.97 (156.57) Net asset value per unit at end of period $ 951.78 $ 835.53 Class B Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 721.77 $ 799.78 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 56.66 (118.13) Expenses net of interest and dividend income* (17.02) (9.19) Total income (loss) from operations 39.64 (127.32) Net asset value per unit at end of period $ 761.41 $ 672.46 Legacy 1 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 772.63 $ 832.28 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 60.65 (123.56) Expenses net of interest and dividend income* (14.99) (3.74) Total income (loss) from operations 45.66 (127.30) Net asset value per unit at end of period $ 818.29 $ 704.98 Legacy 2 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 748.69 $ 808.27 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 58.76 (119.94) Expenses net of interest and dividend income* (14.95) (4.11) Total income (loss) from operations 43.81 (124.05) Net asset value per unit at end of period $ 792.50 $ 684.22 Global 1 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 780.50 $ 836.87 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 61.51 (124.25) Expenses net of interest and dividend income* (14.33) (2.77) Total income (loss) from operations 47.18 (127.02) Net asset value per unit at end of period $ 827.68 $ 709.85 Global 2 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 759.80 $ 815.99 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 59.65 (121.14) Expenses net of interest and dividend income* (14.20) (3.14) Total income (loss) from operations 45.45 (124.28) Net asset value per unit at end of period $ 805.25 $ 691.71 Global 3 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 620.27 $ 677.29 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 48.63 (100.18) Expenses net of interest and dividend income* (12.20) (5.47) Total income (loss) from operations 36.43 (105.65) Net asset value per unit at end of period $ 656.70 $ 571.64 * 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	3 Months Ended
	Mar. 31, 2021
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., Rosenthal Collins Group Division of Marex Spectron 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 March 31, 2021 and December 31, 2020 was $8,243,661 and $9,659,503, respectively, which was 17.78% and 21.35% 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. The COVID-19 global pandemic and the aggressive responses taken by many governments, including closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines or similar restrictions, as well as the forced or voluntary closure of, or operational changes to, many retail and other businesses, has had negative impacts, and in many cases severe negative impacts, on markets worldwide. It is not known how long such impacts, or any future impacts of other significant events described above, will or would last, but there could be a prolonged period of global economic slowdown, which may impact your investment. Therefore, Grant Park could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and interest rates can have the same impact on all types of securities and instruments.

Indemnifications

Indemnifications	3 Months Ended
	Mar. 31, 2021
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	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021, the monthly average number of futures contracts bought and sold was 4,246 and the monthly average number of forward contracts bought and sold was 74. For the three months ended March 31, 2020, the monthly average number of futures contracts bought and sold was 4,747 and the monthly average number of forward contracts bought and sold was 397. The following tables summarize the quantitative information required by FASB ASC 815: Fair Values of Derivative Instruments at March 31, 2021 and December 31, 2020 Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 3/31/2021 3/31/2021 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 148,262 $ (80,660) $ 67,602 Currencies contracts Net Unrealized gain (loss) on open futures contracts 72,879 (53,863) 19,016 Energy contracts Net Unrealized gain (loss) on open futures contracts 510,211 (164,742) 345,469 Interest rates contracts Net Unrealized gain (loss) on open futures contracts 402,200 (288,014) 114,186 Meats contracts Net Unrealized gain (loss) on open futures contracts 119,145 (9,037) 110,108 Metals contracts Net Unrealized gain (loss) on open futures contracts 242,596 (270,208) (27,612) Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 111,417 (103,818) 7,599 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 89,882 (19,192) 70,690 $ 1,696,592 $ (989,534) $ 707,058 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 486,349 $ (319,115) $ 167,234 Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ — $ (689,770) $ (689,770) *At March 31, 2021, the sector exposure of the CTA index underlying the swap was: Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 31% Stock indices contracts 19% Forward currency contracts 50% Total 100% Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 12/31/2020 12/31/2020 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 497,774 $ (1,962) $ 495,812 Currencies contracts Net Unrealized gain (loss) on open futures contracts 184,052 (9,147) 174,905 Energy contracts Net Unrealized gain (loss) on open futures contracts 273,682 (142,530) 131,152 Interest rates contracts Net Unrealized gain (loss) on open futures contracts 120,357 (154,791) (34,434) Meats contracts Net Unrealized gain (loss) on open futures contracts 17,160 (4,135) 13,025 Metals contracts Net Unrealized gain (loss) on open futures contracts 408,111 (84,566) 323,545 Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 283,819 (50,031) 233,788 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 283,402 (57,357) 226,045 $ 2,068,357 $ (504,519) $ 1,563,838 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 62,001 $ (125,930) $ (63,929) Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ — $ (1,420,571) $ (1,420,571) *At December 31, 2020, the sector exposure of the CTA index underlying the swap was: Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 59% Stock indices contracts 13% Forward currency contracts 28% Total 100% The Effect of Derivative Instruments on the Consolidated Statements of Operations for the Three Months Ended March 31, 2021 and 2020 Three Months Ended Three Months Ended Type of Contract March 31, 2021 March 31, 2020 Agriculturals contracts Net gain (loss) from futures trading $ 361,138 $ 171,033 Currencies contracts Net gain (loss) from futures trading (275,851) 427,509 Energy contracts Net gain (loss) from futures trading 1,216,724 568,697 Interest rates contracts Net gain (loss) from futures trading 89,615 1,857,269 Meats contracts Net gain (loss) from futures trading 98,764 143,671 Metals contracts Net gain (loss) from futures trading (18,975) 351,036 Soft commodities contracts Net gain (loss) from futures trading 381,736 2,287 Stock indices Net gain (loss) from futures trading 786,198 (3,818,038) Forward currency contracts Net gain (loss) from forward currency trading 309,338 244,864 Swap contracts Net gain (loss) from swap trading 730,801 (8,109,055) $ 3,679,488 $ (8,160,727) Line Item in Consolidated Statements of Operations Three Months Ended March 31, 2021 March 31, 2020 Net gain (loss) from futures trading Realized $ 3,496,129 $ (870,104) Change in unrealized (856,780) 573,568 Total realized and change in unrealized net gain (loss) from futures trading $ 2,639,349 $ (296,536) Net gain (loss) from forward currency trading Realized $ 78,175 $ 165,438 Change in unrealized 231,163 79,426 Total realized and change in unrealized net gain (loss) from forward currency trading $ 309,338 $ 244,864 Net gain (loss) from swap trading Change in unrealized $ 730,801 $ (8,109,055) Total realized and change in unrealized net gain (loss) from swap trading $ 730,801 $ (8,109,055) Total realized and change in unrealized net gain (loss) from futures, forward and swap trading $ 3,679,488 $ (8,160,727) 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 March 31, 2021 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 $ 1,696,592 $ (989,534) $ 707,058 Forward currency contracts 486,349 (319,115) 167,234 Swap contracts — (689,770) (689,770) Total derivatives $ 2,182,941 $ (1,998,419) $ 184,522 Offsetting of Derivative Liabilities As of March 31, 2021 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 $ 989,534 $ (989,534) $ — Forward currency contracts 319,115 (319,115) — Swap contracts 689,770 (689,770) — Total derivatives $ 1,998,419 $ (1,998,419) $ — Derivatives Assets and Liabilities and Collateral Received by Counterparty As of March 31, 2021 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. $ 186,793 $ — $ — $ 186,793 Deutsche Bank AG (689,770) — — (689,770) Rosenthal Collins Group Division of Marex Spectron 208,618 — — 208,618 SG Americas Securities, LLC 478,881 — — 478,881 Total $ 184,522 $ — $ — $ 184,522 Offsetting of Derivative Assets As of December 31, 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 $ 2,068,357 $ (504,519) $ 1,563,838 Forward currency contracts 62,001 (125,930) (63,929) Swap contracts — (1,420,571) (1,420,571) Total derivatives $ 2,130,358 $ (2,051,020) $ 79,338 Offsetting of Derivative Liabilities As of December 31, 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 $ 504,519 $ (504,519) $ — Forward currency contracts 125,930 (125,930) — Swap contracts 1,420,571 (1,420,571) — Total derivatives $ 2,051,020 $ (2,051,020) $ — Derivatives Assets and Liabilities and Collateral Received by Counterparty As of December 31, 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. $ 304,358 $ — $ — $ 304,358 Deutsche Bank AG (1,420,571) — — (1,420,571) Rosenthal Collins Group Division of Marex Spectron 112,762 112,762 SG Americas Securities, LLC 1,082,789 — — 1,082,789 Total $ 79,338 $ — $ — $ 79,338

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
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. There are no subsequent events to disclose or record.

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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 (“ASC”) Topic 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 March 31, 2021, 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 2017.
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 March 31, 2021, unreimbursed organization and offering costs incurred by the General Partner were approximately $107,000 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 a total return swap with Deutsche Bank AG. The Partnership maintains cash as collateral to secure its obligations under the swap. As of March 31, 2021 and December 31, 2020, the notional value of the swap was $9,160,869 and $9,589,399, respectively, and the cash margin balance was $3,150,000 and $4,650,000, respectively, which is included in equity in brokers’ trading accounts on the consolidated statements of financial condition. The swap effective July 1, 2015 has a termination date of June 30, 2025. The swap effective April 5, 2016 had a termination date of April 30, 2024 and was terminated effective July 1, 2020.
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 March 31, 2021 and 2020, 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 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 three months ended March 31, 2021.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 707,058 $ — $ — $ 707,058 Forward currency contracts — 167,234 — 167,234 Swap contracts — (689,770) — (689,770) Cash and cash equivalents U.S. Government securities — 4,999,902 — 4,999,902 U.S. money market fund 7,103,887 — — 7,103,887 Securities owned U.S. Government-sponsored enterprises — 11,899,240 — 11,899,240 U.S. Government securities — 7,997,584 — 7,997,584 U.S. Exchange-traded funds 6,996,895 — — 6,996,895 Total $ 14,807,840 $ 24,374,190 $ — $ 39,182,030 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, 2020: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 1,563,838 $ — $ — $ 1,563,838 Forward currency contracts — (63,929) — (63,929) Swap contracts — (1,420,571) — (1,420,571) Cash and cash equivalents U.S. money market fund 4,876,725 — — 4,876,725 Securities owned U.S. Government-sponsored enterprises — 15,023,691 — 15,023,691 U.S. Government securities — 9,996,048 — 9,996,048 U.S. Exchange-traded funds 7,180,070 — — 7,180,070 Total $ 13,620,633 $ 23,535,239 $ — $ 37,155,872

General Partner and Related P_2

General Partner and Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
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)	3 Months Ended
	Mar. 31, 2021
Financial Highlights
Schedule of financial highlights reflecting total return and relevant ratios to Partnership	Three Months Ended March 31, 2021 2020 Total return – Class A Units 5.66 % % Total return – Class B Units 5.49 % % Total return – Legacy 1 Class Units 5.91 % % Total return – Legacy 2 Class Units 5.85 % % Total return – Global 1 Class Units 6.04 % % Total return – Global 2 Class Units 5.98 % % Total return – Global 3 Class Units 5.87 % % Ratios as a percentage of average net assets: Expenses prior to incentive fees (1) 5.37 % 5.02 % Incentive fees (2) 0.92 % 0.11 % Total expenses 6.29 % 5.13 % 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 March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 900.81 $ 992.10 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 70.63 (146.80) Expenses net of interest and dividend income* (19.66) (9.77) Total income (loss) from operations 50.97 (156.57) Net asset value per unit at end of period $ 951.78 $ 835.53
Class B
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Class B Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 721.77 $ 799.78 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 56.66 (118.13) Expenses net of interest and dividend income* (17.02) (9.19) Total income (loss) from operations 39.64 (127.32) Net asset value per unit at end of period $ 761.41 $ 672.46
Legacy 1 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Legacy 1 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 772.63 $ 832.28 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 60.65 (123.56) Expenses net of interest and dividend income* (14.99) (3.74) Total income (loss) from operations 45.66 (127.30) Net asset value per unit at end of period $ 818.29 $ 704.98
Legacy 2 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Legacy 2 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 748.69 $ 808.27 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 58.76 (119.94) Expenses net of interest and dividend income* (14.95) (4.11) Total income (loss) from operations 43.81 (124.05) Net asset value per unit at end of period $ 792.50 $ 684.22
Global 1 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 1 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 780.50 $ 836.87 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 61.51 (124.25) Expenses net of interest and dividend income* (14.33) (2.77) Total income (loss) from operations 47.18 (127.02) Net asset value per unit at end of period $ 827.68 $ 709.85
Global 2 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 2 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 759.80 $ 815.99 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 59.65 (121.14) Expenses net of interest and dividend income* (14.20) (3.14) Total income (loss) from operations 45.45 (124.28) Net asset value per unit at end of period $ 805.25 $ 691.71
Global 3 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 3 Class Units Three Months Ended March 31, 2021 2020 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 620.27 $ 677.29 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* 48.63 (100.18) Expenses net of interest and dividend income* (12.20) (5.47) Total income (loss) from operations 36.43 (105.65) Net asset value per unit at end of period $ 656.70 $ 571.64

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
Derivative Instruments
Summary of Fair Values of Derivative Instruments	Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 3/31/2021 3/31/2021 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 148,262 $ (80,660) $ 67,602 Currencies contracts Net Unrealized gain (loss) on open futures contracts 72,879 (53,863) 19,016 Energy contracts Net Unrealized gain (loss) on open futures contracts 510,211 (164,742) 345,469 Interest rates contracts Net Unrealized gain (loss) on open futures contracts 402,200 (288,014) 114,186 Meats contracts Net Unrealized gain (loss) on open futures contracts 119,145 (9,037) 110,108 Metals contracts Net Unrealized gain (loss) on open futures contracts 242,596 (270,208) (27,612) Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 111,417 (103,818) 7,599 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 89,882 (19,192) 70,690 $ 1,696,592 $ (989,534) $ 707,058 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 486,349 $ (319,115) $ 167,234 Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ — $ (689,770) $ (689,770) *At March 31, 2021, the sector exposure of the CTA index underlying the swap was: Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 31% Stock indices contracts 19% Forward currency contracts 50% Total 100% Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 12/31/2020 12/31/2020 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ 497,774 $ (1,962) $ 495,812 Currencies contracts Net Unrealized gain (loss) on open futures contracts 184,052 (9,147) 174,905 Energy contracts Net Unrealized gain (loss) on open futures contracts 273,682 (142,530) 131,152 Interest rates contracts Net Unrealized gain (loss) on open futures contracts 120,357 (154,791) (34,434) Meats contracts Net Unrealized gain (loss) on open futures contracts 17,160 (4,135) 13,025 Metals contracts Net Unrealized gain (loss) on open futures contracts 408,111 (84,566) 323,545 Soft commodities contracts Net Unrealized gain (loss) on open futures contracts 283,819 (50,031) 233,788 Stock indices contracts Net Unrealized gain (loss) on open futures contracts 283,402 (57,357) 226,045 $ 2,068,357 $ (504,519) $ 1,563,838 Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ 62,001 $ (125,930) $ (63,929) Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ — $ (1,420,571) $ (1,420,571) *At December 31, 2020, the sector exposure of the CTA index underlying the swap was: Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 59% Stock indices contracts 13% Forward currency contracts 28% Total 100%
Schedule of Effect of Derivative Instruments on the Consolidated Statement of Operations	Three Months Ended Three Months Ended Type of Contract March 31, 2021 March 31, 2020 Agriculturals contracts Net gain (loss) from futures trading $ 361,138 $ 171,033 Currencies contracts Net gain (loss) from futures trading (275,851) 427,509 Energy contracts Net gain (loss) from futures trading 1,216,724 568,697 Interest rates contracts Net gain (loss) from futures trading 89,615 1,857,269 Meats contracts Net gain (loss) from futures trading 98,764 143,671 Metals contracts Net gain (loss) from futures trading (18,975) 351,036 Soft commodities contracts Net gain (loss) from futures trading 381,736 2,287 Stock indices Net gain (loss) from futures trading 786,198 (3,818,038) Forward currency contracts Net gain (loss) from forward currency trading 309,338 244,864 Swap contracts Net gain (loss) from swap trading 730,801 (8,109,055) $ 3,679,488 $ (8,160,727)
Schedule of Line Item in Consolidated Statement of Operations	Line Item in Consolidated Statements of Operations Three Months Ended March 31, 2021 March 31, 2020 Net gain (loss) from futures trading Realized $ 3,496,129 $ (870,104) Change in unrealized (856,780) 573,568 Total realized and change in unrealized net gain (loss) from futures trading $ 2,639,349 $ (296,536) Net gain (loss) from forward currency trading Realized $ 78,175 $ 165,438 Change in unrealized 231,163 79,426 Total realized and change in unrealized net gain (loss) from forward currency trading $ 309,338 $ 244,864 Net gain (loss) from swap trading Change in unrealized $ 730,801 $ (8,109,055) Total realized and change in unrealized net gain (loss) from swap trading $ 730,801 $ (8,109,055) Total realized and change in unrealized net gain (loss) from futures, forward and swap trading $ 3,679,488 $ (8,160,727)
Schedule of Offsetting of Derivative Assets	Offsetting of Derivative Assets As of March 31, 2021 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 $ 1,696,592 $ (989,534) $ 707,058 Forward currency contracts 486,349 (319,115) 167,234 Swap contracts — (689,770) (689,770) Total derivatives $ 2,182,941 $ (1,998,419) $ 184,522 Offsetting of Derivative Assets As of December 31, 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 $ 2,068,357 $ (504,519) $ 1,563,838 Forward currency contracts 62,001 (125,930) (63,929) Swap contracts — (1,420,571) (1,420,571) Total derivatives $ 2,130,358 $ (2,051,020) $ 79,338
Schedule of Offsetting of Derivative Liabilities	Offsetting of Derivative Liabilities As of March 31, 2021 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 $ 989,534 $ (989,534) $ — Forward currency contracts 319,115 (319,115) — Swap contracts 689,770 (689,770) — Total derivatives $ 1,998,419 $ (1,998,419) $ — Offsetting of Derivative Liabilities As of December 31, 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 $ 504,519 $ (504,519) $ — Forward currency contracts 125,930 (125,930) — Swap contracts 1,420,571 (1,420,571) — Total derivatives $ 2,051,020 $ (2,051,020) $ —
Schedule of Derivative Assets and Liabilities and Collateral Received by Counterparty	Derivatives Assets and Liabilities and Collateral Received by Counterparty As of March 31, 2021 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. $ 186,793 $ — $ — $ 186,793 Deutsche Bank AG (689,770) — — (689,770) Rosenthal Collins Group Division of Marex Spectron 208,618 — — 208,618 SG Americas Securities, LLC 478,881 — — 478,881 Total $ 184,522 $ — $ — $ 184,522 Derivatives Assets and Liabilities and Collateral Received by Counterparty As of December 31, 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. $ 304,358 $ — $ — $ 304,358 Deutsche Bank AG (1,420,571) — — (1,420,571) Rosenthal Collins Group Division of Marex Spectron 112,762 112,762 SG Americas Securities, LLC 1,082,789 — — 1,082,789 Total $ 79,338 $ — $ — $ 79,338

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2021USD ($)class	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Assets allocated to GP 1, GP 9, and GP 11	$ 0		$ 0
Classes of interests
Number of classes of limited partner interests | class	7
Income taxes
Income taxes	$ 0	$ 0
Debt
Debt carried by partners	0	$ 0
General Partner
Organization and offering costs
Unreimbursed organization and offering costs	$ 107,000
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	$ 9,160,869		9,589,399
Cash margin balance	$ 3,150,000		$ 4,650,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Fair Value Measurements
Investments Owned, Fair Value	$ 26,893,719	$ 32,199,809
Amount of transfers among Levels 1, 2, and 3	0	0
Recurring basis
Fair Value Measurements
Total - Assets	39,182,030	37,155,872
Recurring basis | Futures Contracts
Fair Value Measurements
Open derivative contracts, fair value	707,058	1,563,838
Recurring basis | Forward Contracts
Fair Value Measurements
Open derivative contracts, fair value	167,234	(63,929)
Recurring basis | Swap Contracts
Fair Value Measurements
Open derivative contracts, fair value	(689,770)	(1,420,571)
Recurring basis | U.S. money market fund
Fair Value Measurements
Cash and cash equivalents	7,103,887	4,876,725
Recurring basis | U.S. Government-sponsored enterprises
Fair Value Measurements
Investments Owned, Fair Value	11,899,240	15,023,691
Recurring basis | U.S. Government securities
Fair Value Measurements
Cash and cash equivalents	4,999,902
Investments Owned, Fair Value	7,997,584	9,996,048
Recurring basis | U.S. Exchange Traded Funds
Fair Value Measurements
Investments Owned, Fair Value	6,996,895	7,180,070
Recurring basis | Level 1
Fair Value Measurements
Total - Assets	14,807,840	13,620,633
Recurring basis | Level 1 | Futures Contracts
Fair Value Measurements
Open derivative contracts, fair value	707,058	1,563,838
Recurring basis | Level 1 | U.S. money market fund
Fair Value Measurements
Cash and cash equivalents	7,103,887	4,876,725
Recurring basis | Level 1 | U.S. Exchange Traded Funds
Fair Value Measurements
Investments Owned, Fair Value	6,996,895	7,180,070
Recurring basis | Level 2
Fair Value Measurements
Total - Assets	24,374,190	23,535,239
Recurring basis | Level 2 | Forward Contracts
Fair Value Measurements
Open derivative contracts, fair value	167,234	(63,929)
Recurring basis | Level 2 | Swap Contracts
Fair Value Measurements
Open derivative contracts, fair value	(689,770)	(1,420,571)
Recurring basis | Level 2 | U.S. Government-sponsored enterprises
Fair Value Measurements
Investments Owned, Fair Value	11,899,240	15,023,691
Recurring basis | Level 2 | U.S. Government securities
Fair Value Measurements
Cash and cash equivalents	4,999,902
Investments Owned, Fair Value	$ 7,997,584	$ 9,996,048

Commodity Trading Advisors an_2

Commodity Trading Advisors and Reference Traders (Details)	3 Months Ended
	Mar. 31, 2021
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
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
General Partner and Related Party Transactions
Brokerage charge	$ 552,558	$ 658,829
Incentive fees	423,323	61,819
Organizational and offering costs	33,245	41,971
Operating expenses	29,285	36,537
Financial Instruments Excluding Derivatives, Owned and not Pledged, Cost	$ 27,121,004		$ 32,419,952
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	$ 22,300	19,900
Incentive fees	$ 45,400	$ 0

Redemptions and Allocation of_2

Redemptions and Allocation of Net Income or Loss (Details)	3 Months Ended
	Mar. 31, 2021USD ($)
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
	Mar. 31, 2021	Mar. 31, 2020
Ratios as a percentage of average net assets:
Expenses prior to incentive fees (as a percent)	5.37%	5.02%
Incentive fees (as a percent)	0.92%	0.11%
Total expenses (as a percent)	6.29%	5.13%
Net investment loss (as a percent)	(4.83%)	(3.47%)
Class A
Financial Highlights
Total return (as a percent)	5.66%	(15.78%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 900.81	$ 992.10
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	70.63	(146.80)
Expenses net of interest and dividend income (in dollars per unit)	(19.66)	(9.77)
Total income (loss) from operations (in dollars per unit)	50.97	(156.57)
Net asset value per unit at end of period (in dollars per unit)	$ 951.78	$ 835.53
Class B
Financial Highlights
Total return (as a percent)	5.49%	(15.92%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 721.77	$ 799.78
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	56.66	(118.13)
Expenses net of interest and dividend income (in dollars per unit)	(17.02)	(9.19)
Total income (loss) from operations (in dollars per unit)	39.64	(127.32)
Net asset value per unit at end of period (in dollars per unit)	$ 761.41	$ 672.46
Legacy 1 Class
Financial Highlights
Total return (as a percent)	5.91%	(15.30%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 772.63	$ 832.28
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	60.65	(123.56)
Expenses net of interest and dividend income (in dollars per unit)	(14.99)	(3.74)
Total income (loss) from operations (in dollars per unit)	45.66	(127.30)
Net asset value per unit at end of period (in dollars per unit)	$ 818.29	$ 704.98
Legacy 2 Class
Financial Highlights
Total return (as a percent)	5.85%	(15.35%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 748.69	$ 808.27
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	58.76	(119.94)
Expenses net of interest and dividend income (in dollars per unit)	(14.95)	(4.11)
Total income (loss) from operations (in dollars per unit)	43.81	(124.05)
Net asset value per unit at end of period (in dollars per unit)	$ 792.50	$ 684.22
Global 1 Class
Financial Highlights
Total return (as a percent)	6.04%	(15.18%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 780.50	$ 836.87
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	61.51	(124.25)
Expenses net of interest and dividend income (in dollars per unit)	(14.33)	(2.77)
Total income (loss) from operations (in dollars per unit)	47.18	(127.02)
Net asset value per unit at end of period (in dollars per unit)	$ 827.68	$ 709.85
Global 2 Class
Financial Highlights
Total return (as a percent)	5.98%	(15.23%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 759.80	$ 815.99
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	59.65	(121.14)
Expenses net of interest and dividend income (in dollars per unit)	(14.20)	(3.14)
Total income (loss) from operations (in dollars per unit)	45.45	(124.28)
Net asset value per unit at end of period (in dollars per unit)	$ 805.25	$ 691.71
Global 3 Class
Financial Highlights
Total return (as a percent)	5.87%	(15.60%)
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 620.27	$ 677.29
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	48.63	(100.18)
Expenses net of interest and dividend income (in dollars per unit)	(12.20)	(5.47)
Total income (loss) from operations (in dollars per unit)	36.43	(105.65)
Net asset value per unit at end of period (in dollars per unit)	$ 656.70	$ 571.64

Trading Activities and Relate_2

Trading Activities and Related Risks (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Trading Activities and Related Risks
Cash and cash equivalents	$ 8,243,661	$ 9,659,503
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	$ 8,243,661	$ 9,659,503
Cash deposited with trading counterparties, percent of net asset value	17.78%	21.35%

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Values of Derivative Instruments
Asset Derivatives	$ 2,182,941	$ 2,130,358
Liability Derivatives	$ (1,998,419)	$ (2,051,020)
Interest rates | Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	31.00%	59.00%
Stock indices | Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	19.00%	13.00%
Futures Contracts
Fair Values of Derivative Instruments
Asset Derivatives	$ 1,696,592	$ 2,068,357
Liability Derivatives	(989,534)	(504,519)
Fair Value	707,058	1,563,838
Futures Contracts | Agriculturals
Fair Values of Derivative Instruments
Asset Derivatives	148,262	497,774
Liability Derivatives	(80,660)	(1,962)
Fair Value	67,602	495,812
Futures Contracts | Currencies
Fair Values of Derivative Instruments
Asset Derivatives	72,879	184,052
Liability Derivatives	(53,863)	(9,147)
Fair Value	19,016	174,905
Futures Contracts | Energy
Fair Values of Derivative Instruments
Asset Derivatives	510,211	273,682
Liability Derivatives	(164,742)	(142,530)
Fair Value	345,469	131,152
Futures Contracts | Interest rates
Fair Values of Derivative Instruments
Asset Derivatives	402,200	120,357
Liability Derivatives	(288,014)	(154,791)
Fair Value	114,186	(34,434)
Futures Contracts | Meats
Fair Values of Derivative Instruments
Asset Derivatives	119,145	17,160
Liability Derivatives	(9,037)	(4,135)
Fair Value	110,108	13,025
Futures Contracts | Metals
Fair Values of Derivative Instruments
Asset Derivatives	242,596	408,111
Liability Derivatives	(270,208)	(84,566)
Fair Value	(27,612)	323,545
Futures Contracts | Soft commodities
Fair Values of Derivative Instruments
Asset Derivatives	111,417	283,819
Liability Derivatives	(103,818)	(50,031)
Fair Value	7,599	233,788
Futures Contracts | Stock indices
Fair Values of Derivative Instruments
Asset Derivatives	89,882	283,402
Liability Derivatives	(19,192)	(57,357)
Fair Value	70,690	226,045
Forward Contracts
Fair Values of Derivative Instruments
Fair Value	167,234	(63,929)
Forward Contracts | Currencies
Fair Values of Derivative Instruments
Asset Derivatives	486,349	62,001
Liability Derivatives	(319,115)	(125,930)
Fair Value	$ 167,234	$ (63,929)
Forward Contracts | Currencies | Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	50.00%	28.00%
Swap Contracts
Fair Values of Derivative Instruments
Liability Derivatives	$ (689,770)	$ (1,420,571)
Fair Value	$ (689,770)	$ (1,420,571)
Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025
Fair Values of Derivative Instruments
Sector exposure index	100.00%	100.00%

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivatives on Statement of Operations (Details)	3 Months Ended
	Mar. 31, 2021USD ($)instrument	Mar. 31, 2020USD ($)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	$ 3,679,488	$ (8,160,727)
Futures Contracts
Derivative Instruments
Monthly average number of derivative instruments bought and sold | instrument	4,246	4,747
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 2,639,349	$ (296,536)
Futures Contracts | Agriculturals
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	361,138	171,033
Futures Contracts | Currencies
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(275,851)	427,509
Futures Contracts | Energy
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	1,216,724	568,697
Futures Contracts | Interest rates
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	89,615	1,857,269
Futures Contracts | Meats
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	98,764	143,671
Futures Contracts | Metals
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(18,975)	351,036
Futures Contracts | Soft commodities
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	381,736	2,287
Futures Contracts | Stock indices
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 786,198	$ (3,818,038)
Forward Contracts
Derivative Instruments
Monthly average number of derivative instruments bought and sold | instrument	74	397
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 309,338	$ 244,864
Forward Contracts | Currencies
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	309,338	244,864
Swap Contracts
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 730,801	$ (8,109,055)

Derivative Instruments - Deriva

Derivative Instruments - Derivatives by Line Item in Statement of Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Futures, Forward, and Swap Contracts
Net gain (loss) from futures and forward currency trading
Total realized and changed in unrealized net gain (loss)	$ 3,679,488	$ (8,160,727)
Futures Contracts
Net gain (loss) from futures and forward currency trading
Realized	3,496,129	(870,104)
Change in unrealized	(856,780)	573,568
Total realized and changed in unrealized net gain (loss)	2,639,349	(296,536)
Forward Contracts
Net gain (loss) from futures and forward currency trading
Realized	78,175	165,438
Change in unrealized	231,163	79,426
Total realized and changed in unrealized net gain (loss)	309,338	244,864
Swap Contracts
Net gain (loss) from futures and forward currency trading
Change in unrealized	730,801	(8,109,055)
Total realized and changed in unrealized net gain (loss)	$ 730,801	$ (8,109,055)

Derivative Instruments - Offset

Derivative Instruments - Offsetting of Derivative Assets (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	$ 2,182,941	$ 2,130,358
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(1,998,419)	(2,051,020)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	184,522	79,338
Futures Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	1,696,592	2,068,357
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(989,534)	(504,519)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	707,058	1,563,838
Forward Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	486,349	62,001
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(319,115)	(125,930)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	167,234
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		(63,929)
Swap Contracts
Offsetting of Derivative Assets
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(689,770)	(1,420,571)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	$ (689,770)	$ (1,420,571)

Derivative Instruments - Offs_2

Derivative Instruments - Offsetting of Derivative Liabilities (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	$ 1,998,419	$ 2,051,020
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(1,998,419)	(2,051,020)
Futures Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	989,534	504,519
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(989,534)	(504,519)
Forward Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	319,115	125,930
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(319,115)	(125,930)
Swap Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	689,770	1,420,571
Gross Amounts Offset in the Consolidated Statement of Financial Condition	$ (689,770)	$ (1,420,571)

Derivative Instruments - Collat

Derivative Instruments - Collateral by Counterparty (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	$ 184,522	$ 79,338
Net Amount	184,522	79,338
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	186,793	304,358
Net Amount	186,793	304,358
Deutsche Bank AG
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	(689,770)	(1,420,571)
Net Amount	(689,770)	(1,420,571)
Rosenthal Collins Group Division of Marex Spectron
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	208,618	112,762
Net Amount	208,618	112,762
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	478,881	1,082,789
Net Amount	$ 478,881	$ 1,082,789