Futures Portfolio Fund 10-K30 Mar 212020 FY Annual reportFinancial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Dec. 31, 2020
Cover [Abstract]
Entity Registrant Name	FUTURES PORTFOLIO FUND L.P.
Entity Central Index Key	0000861441
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Entity File Number	000-50728
Entity Incorporation, State or Country Code	MD
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
Entity Shell Company	false
Entity Well-known Season Issuer	No
Entity Voluntary Filer	No
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Statements of Financial Conditi

Statements of Financial Condition - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Equity in broker trading accounts
Cash	$ 44,519,197	$ 64,814,573
Net unrealized gain (loss) on open futures contracts	8,169,982	187,200
Net open future options contracts (net premium paid $308,675)	150,900
Net unrealized gain (loss) on open forward currency contracts	(17,929)	(189,715)
Total equity in broker trading accounts	52,822,150	64,812,058
Cash and cash equivalents	6,050,682	5,174,304
Investment in SMFSF, at fair value (cost $0 and $25,620,952)		22,738,951
Investment in securities, at fair value (cost $119,021,021 and $161,352,357)	119,837,286	162,552,581
General Partner 1% allocation receivable	119,874
Exchange membership, at fair value (cost $189,000 and $189,000)	51,000	62,500
Total assets	178,880,992	255,340,394
Liabilities and Partners' Capital (Net Asset Value)
Trading Advisor management fees payable	254,786	586,747
Trading Advisor incentive fees payable		602,408
Commissions and other trading fees payable on open contracts	30,761	55,213
Cash Managers fees payable	36,558	48,576
General Partner management and performance fees payable	223,028	315,840
General Partner 1% allocation payable		80,477
Selling Agent payable - General Partner	205,514	285,554
Broker dealer servicing fees payable - General Partner	7,784	11,224
Administrative fee payable - General Partner	66,263	58,569
Redemption payable	5,585,666	4,780,643
Subscriptions received in advance	33,000	266,000
Total liabilities	6,443,360	7,091,251
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	172,437,632	248,249,143
Total liabilities and partners' capital (net asset value)	178,880,992	255,340,394
Class A [Member]
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	118,745,248	166,191,101
Class A2 [Member]
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	523,333	544,240
Class A3 [Member]
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	83,577	86,512
Class B [Member]
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	45,043,756	66,498,788
Class I [Member]
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	262,500	1,846,574
Class R [Member]
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	$ 7,779,218	$ 13,081,928

Statements of Financial Condi_2

Statements of Financial Condition (Parenthetical) - USD ($)	12 Months Ended
Statements of Financial Condition (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Net open future options contracts, premium paid	$ 308,675
Investment in SMFSF, cost	0	$ 25,620,952
Investments in securities, cost	119,021,021	161,352,357
Exchange membership, cost	$ 189,000	$ 189,000
General partner allocation percentage	1.00%
Class A [Member]
Partners' Capital, units outstanding	31,093.6904	41,522.9804
Class A2 [Member]
Partners' Capital, units outstanding	523.0963	526.3226
Class A3 [Member]
Partners' Capital, units outstanding	86.0607	86.0607
Class B [Member]
Partners' Capital, units outstanding	7,397.6585	10,608.5075
Class I [Member]
Partners' Capital, units outstanding	256.4767	1,769.1082
Class R [Member]
Partners' Capital, units outstanding	7,667.4336	12,549.5403

Condensed Schedule of Investmen

Condensed Schedule of Investments U.S. Treasury Securities - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Fair Value		$ 119,837,286	$ 162,552,581
% of Partners' Capital (Net Asset Value)		69.50%	65.47%
Investment Owned, at Cost		$ 119,021,021	$ 161,352,357
U.S. Treasury Securities [Member]
Fair Value		$ 12,228,514	$ 26,617,666
% of Partners' Capital (Net Asset Value)		7.10%	10.72%
Investment Owned, at Cost		$ 12,320,011	$ 26,521,176
U.S. Treasury Securities [Member] \| 1.38 % U.S. Treasury Due 2020-01-31 [Member]
Face Value			$ 8,500,000
% Yield	[1]		1.38%
Fair Value			$ 8,547,582
% of Partners' Capital (Net Asset Value)			3.44%
U.S. Treasury Securities [Member] \| 1.38 % U.S. Treasury Due 2020-02-15 [Member]
Face Value			$ 6,000,000
% Yield	[1]		1.38%
Fair Value			$ 6,028,349
% of Partners' Capital (Net Asset Value)			2.43%
U.S. Treasury Securities [Member] \| 1.63 % U.S. Treasury Due 2020-03-15 [Member]
Face Value			$ 4,000,000
% Yield	[1]		1.63%
Fair Value			$ 4,018,661
% of Partners' Capital (Net Asset Value)			1.62%
U.S. Treasury Securities [Member] \| 1.50 % U.S. Treasury Due 2020-04-15 [Member]
Face Value			$ 8,000,000
% Yield	[1]		1.50%
Fair Value			$ 8,023,074
% of Partners' Capital (Net Asset Value)			3.23%
U.S. Treasury Securities [Member] \| 2.00 % U.S. Treasury Due 2021-10-31 [Member]
Face Value		$ 6,000,000
% Yield	[1]	2.00%
Fair Value		$ 6,113,365
% of Partners' Capital (Net Asset Value)		3.55%
U.S. Treasury Securities [Member] \| 1.38 % U.S. Treasury Due 2022-01-31 [Member]
Face Value		$ 6,000,000
% Yield	[1]	1.38%
Fair Value		$ 6,115,149
% of Partners' Capital (Net Asset Value)		3.55%

[1]	Represents the annualized yield at date of purchase for discount securities or the stated coupon rate for coupon-bearing securities.

Condensed Schedule of Investm_2

Condensed Schedule of Investments Commercial Paper - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Fair Value		$ 119,837,286	$ 162,552,581
% of Partners' Capital (Net Asset Value)		69.50%	65.47%
Investment Owned, at Cost		$ 119,021,021	$ 161,352,357
Commercial Paper [Member]
Fair Value		$ 21,596,100	$ 32,964,810
% of Partners' Capital (Net Asset Value)		12.52%	13.27%
Investment Owned, at Cost		$ 21,592,904	$ 32,910,123
Commercial Paper [Member] \| U.S. Commercial Paper [Member]
Fair Value		$ 8,398,447	$ 18,976,795
% of Partners' Capital (Net Asset Value)		4.87%	7.64%
Investment Owned, at Cost		$ 8,397,259	$ 18,946,261
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Automotive [Member] \| 1.71% Hyundai Capital America Due 2020-01-13 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.71%
Fair Value			$ 1,299,198
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Automotive [Member] \| 1.67% VW Credit, Inc.Due 2020-01-07 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.67%
Fair Value			$ 1,299,578
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Banks [Member] \| 1.82 % Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) Due 2020-02-14 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.82%
Fair Value			$ 1,396,817
% of Partners' Capital (Net Asset Value)			0.56%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Banks [Member] \| 0.19 % Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) Due 2021-01-01 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.19%
Fair Value		$ 1,199,867
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Banks [Member] \| 0.20 % Mizuho Bank Ltd., New York Branch Due 2021-02-08 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.20%
Fair Value		$ 1,199,734
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Banks [Member] \| 0.17 % United Overseas Bank Limited Due 2021-02-03 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.17%
Fair Value		$ 1,199,802
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Beverages [Member] \| 0.85% Brown-Forman Corporation Due 2020-01-02 [Member]
Face Value			$ 1,400,000
% Yield	[1]		0.85%
Fair Value			$ 1,399,934
% of Partners' Capital (Net Asset Value)			0.57%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 1.84% American Express Credit Corporation Due 2020-02-19 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.84%
Fair Value			$ 1,296,674
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 1.66% CRC Funding LLC Due 2020-01-15 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.66%
Fair Value			$ 1,399,031
% of Partners' Capital (Net Asset Value)			0.57%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 1.55% DCAT, LLC Due 2020-01-08 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.55%
Fair Value			$ 1,299,553
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 1.84% Gotham Funding Corporation Due 2020-03-03 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.84%
Fair Value			$ 1,295,813
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 1.80% Manhattan Asset Funding Company LLC Due 2020-02-10 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.80%
Fair Value			$ 1,397,122
% of Partners' Capital (Net Asset Value)			0.56%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 1.87% Regency Markets No. 1, LLC Due 2020-01-16 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.87%
Fair Value			$ 1,398,833
% of Partners' Capital (Net Asset Value)			0.56%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 0.15% DCAT, LLC Due 2021-01-02 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.15%
Fair Value		$ 1,199,845
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Diversified financial services [Member] \| 0.18% Manhattan Asset Funding Company LLC Due 2021-02-05 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.18%
Fair Value		$ 1,199,790
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Energy [Member] \| 1.72% Centerpoint Energy Resources Corp. Due 2020-01-09 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.72%
Fair Value			$ 1,399,396
% of Partners' Capital (Net Asset Value)			0.57%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Energy [Member] \| 1.59% Exxon Mobil Corporation Due 2020-02-04 [Member]
Face Value			$ 1,500,000
% Yield	[1]		1.59%
Fair Value			$ 1,497,677
% of Partners' Capital (Net Asset Value)			0.61%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Manufacturing [Member] \| 1.65% Koch Industries, Inc. Due 2020-01-17 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.65%
Fair Value			$ 1,298,989
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Manufacturing [Member] \| 0.18% Koch Industries, Inc. Due 2021-03-02 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.18%
Fair Value		$ 1,199,640
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| Manufacturing [Member] \| 0.20% Sheffield Receivables Company LLC Due 2021-02-03 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.20%
Fair Value		$ 1,199,769
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| U.S. Commercial Paper [Member] \| REIT [Member] \| 1.74% Simon Property Group, L.P. Due 2020-01-29 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.74%
Fair Value			$ 1,298,180
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| Foreign Commercial Paper [Member]
Fair Value		$ 13,197,653	$ 13,988,015
% of Partners' Capital (Net Asset Value)		7.65%	5.63%
Investment Owned, at Cost		$ 13,195,645	$ 13,963,862
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Automotive [Member] \| 0.91% Nationwide Building Society Due 2020-01-02 [Member]
Face Value			$ 1,500,000
% Yield	[1]		0.91%
Fair Value			$ 1,499,924
% of Partners' Capital (Net Asset Value)			0.61%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Automotive [Member] \| 0.14% Nationwide Building Society Due 2021-01-05 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.14%
Fair Value		$ 1,199,977
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 1.86% DNB Bank ASA Due 2020-02-13 [Member]
Face Value			$ 1,500,000
% Yield	[1]		1.86%
Fair Value			$ 1,496,596
% of Partners' Capital (Net Asset Value)			0.60%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 1.78% Sumitomo Mitsui Banking Corporation Due 2020-01-27 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.78%
Fair Value			$ 1,298,263
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.19% DBS Bank Ltd. Due 2021-02-11 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.19%
Fair Value		$ 1,199,740
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.22% Commonwealth Bank of Australia Due 2021-02-23 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.22%
Fair Value		$ 1,199,611
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.16% National Australia Bank Limited Due 2021-01-21 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.16%
Fair Value		$ 1,199,887
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.20% Skandinaviska Enskilda Banken AB (publ.) Due 2021-03-01 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.20%
Fair Value		$ 1,199,597
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.17% Standard Chartered Bank Due 2021-01-22 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.17%
Fair Value		$ 1,199,874
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.25% The Toronto-Dominion Bank Due 2021-03-24 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.25%
Fair Value		$ 1,199,303
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Banks [Member] \| 0.14% Westpac Banking Corporation Due 2021-01-12 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.14%
Fair Value		$ 1,199,945
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Beverages [Member] \| 1.81% Diageo Capital plc Due 2020-01-21 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.81%
Fair Value			$ 1,398,522
% of Partners' Capital (Net Asset Value)			0.56%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Diversified financial services [Member] \| 1.71% Longship Funding Designated Activity Company Due 2020-01-08 [Member]
Face Value			$ 1,500,000
% Yield	[1]		1.71%
Fair Value			$ 1,499,431
% of Partners' Capital (Net Asset Value)			0.60%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Diversified financial services [Member] \| 1.75% Ontario Teachers' Finance Trust Due 2020-02-03 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.75%
Fair Value			$ 1,397,690
% of Partners' Capital (Net Asset Value)			0.57%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Diversified financial services [Member] \| 0.19% Anglesea Funding Plc Due 2021-01-19 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.19%
Fair Value		$ 1,199,880
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Diversified financial services [Member] \| 0.13% Longship Funding Designated Activity Company Due 2021-01-08 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.13%
Fair Value		$ 1,199,965
% of Partners' Capital (Net Asset Value)		0.70%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Energy [Member] \| 0.14% Total Capital Canada Ltd. Due 2021-01-28 [Member]
Face Value		$ 1,200,000
% Yield	[1]	0.14%
Fair Value		$ 1,199,874
% of Partners' Capital (Net Asset Value)		0.69%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Chemical [Member] \| 1.76% Nutrien Ltd Due 2020-01-10 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.76%
Fair Value			$ 1,399,314
% of Partners' Capital (Net Asset Value)			0.56%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Insurance [Member] \| 1.58% Prudential plc Due 2020-01-06 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.58%
Fair Value			$ 1,299,657
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Telecommunications [Member] \| 1.63% Bell Canada, Inc. Due 2020-01-07 [Member]
Face Value			$ 1,300,000
% Yield	[1]		1.63%
Fair Value			$ 1,299,588
% of Partners' Capital (Net Asset Value)			0.52%
Commercial Paper [Member] \| Foreign Commercial Paper [Member] \| Telecommunications [Member] \| 1.78% Rogers Communications Inc. Due 2020-01-14 [Member]
Face Value			$ 1,400,000
% Yield	[1]		1.78%
Fair Value			$ 1,399,030
% of Partners' Capital (Net Asset Value)			0.57%

[1]	Represents the annualized yield at date of purchase for discount securities or the stated coupon rate for coupon-bearing securities.

Condensed Schedule of Investm_3

Condensed Schedule of Investments Corporate Notes - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Fair Value		$ 119,837,286	$ 162,552,581
% of Partners' Capital (Net Asset Value)		69.50%	65.47%
Investment Owned, at Cost		$ 119,021,021	$ 161,352,357
Corporate Notes [Member]
Fair Value		$ 77,788,438	$ 92,279,322
% of Partners' Capital (Net Asset Value)		45.11%	37.17%
Investment Owned, at Cost		$ 76,877,170	$ 91,256,255
Corporate Notes [Member] \| U.S. Corporate Notes [Member]
Fair Value		$ 70,749,507	$ 74,454,771
% of Partners' Capital (Net Asset Value)		41.03%	29.99%
Investment Owned, at Cost		$ 69,880,261	$ 74,454,771
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Aerospace [Member] \| 2.70% Boeing Company 2022-05-01 [Member]
Face Value		$ 4,000,000	$ 4,000,000
% Yield	[1]	2.70%	2.70%
Fair Value		$ 4,115,948	$ 4,074,640
% of Partners' Capital (Net Asset Value)		2.39%	1.64%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Aerospace [Member] \| 3.35% United Technologies Corporation Due 2021-08-16 [Member]
Face Value			$ 5,000,000
% Yield	[1]		3.35%
Fair Value			$ 5,178,972
% of Partners' Capital (Net Asset Value)			2.09%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Aerospace [Member] \| 3.65% Raytheon Technologies Corporation 2023-08-16 [Member]
Face Value		$ 600,000
% Yield	[1]	3.65%
Fair Value		$ 654,625
% of Partners' Capital (Net Asset Value)		0.38%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Agriculture [Member] \| 4.75% Altria Group, Inc. Due 2021-05-05 [Member]
Face Value		$ 4,850,000	$ 4,850,000
% Yield	[1]	4.75%	4.75%
Fair Value		$ 4,955,274	$ 5,053,651
% of Partners' Capital (Net Asset Value)		2.87%	2.04%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 2.55% JPMorgan Chase And Co Due 2020-10-29 [Member]
Face Value			$ 4,000,000
% Yield	[1]		2.55%
Fair Value			$ 4,030,675
% of Partners' Capital (Net Asset Value)			1.62%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 3.13% JPMorgan Chase & Co. Due 2020-10-29 [Member]
Face Value			$ 3,000,000
% Yield	[1]		3.13%
Fair Value			$ 3,040,470
% of Partners' Capital (Net Asset Value)			1.22%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 2.80% SunTrust Bank Due 2021-05-17 [Member]
Face Value			$ 4,000,000
% Yield	[1]		2.80%
Fair Value			$ 4,085,233
% of Partners' Capital (Net Asset Value)			1.65%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 2.60% Wells Fargo Bank, National Association Due 2021-01-15 [Member]
Face Value		$ 4,750,000	$ 4,750,000
% Yield	[1]	2.60%	2.60%
Fair Value		$ 4,806,985	$ 4,833,343
% of Partners' Capital (Net Asset Value)		2.79%	1.95%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 1.00% Credit Suisse AG, New York Branch Due 2023-05-05 [Member]
Face Value		$ 4,000,000
% Yield	[1]	1.00%
Fair Value		$ 4,069,774
% of Partners' Capital (Net Asset Value)		2.36%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 2.78% JPMorgan Chase & Co. Due 2023-04-25 [Member]
Face Value		$ 5,000,000
% Yield	[1]	2.78%
Fair Value		$ 5,187,922
% of Partners' Capital (Net Asset Value)		3.01%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Banks [Member] \| 2.80% SunTrust Bank Due 2022-05-17 [Member]
Face Value		$ 4,000,000
% Yield	[1]	2.80%
Fair Value		$ 4,144,297
% of Partners' Capital (Net Asset Value)		2.40%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Diversified financial services [Member] \| 3.00% Goldman Sachs Group, Inc. Due 2022-04-26 [Member]
Face Value		$ 4,250,000	$ 4,250,000
% Yield	[1]	3.00%	3.00%
Fair Value		$ 4,308,632	$ 4,329,852
% of Partners' Capital (Net Asset Value)		2.50%	1.75%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Diversified financial services [Member] \| 0.35% The Bank of New York Mellon Corporation Due 2023-12-07 [Member]
Face Value		$ 600,000
% Yield	[1]	0.35%
Fair Value		$ 600,814
% of Partners' Capital (Net Asset Value)		0.35%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Energy [Member] \| 2.80% Enterprise Products Operating LLC Due 2021-02-15 [Member]
Face Value		$ 4,850,000	$ 4,850,000
% Yield	[1]	2.80%	2.80%
Fair Value		$ 4,907,287	$ 4,945,364
% of Partners' Capital (Net Asset Value)		2.85%	1.99%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Food [Member] \| 3.20% General Mills, Inc. Due 2021-04-16 [Member]
Face Value		$ 2,000,000	$ 3,000,000
% Yield	[1]	3.20%	3.20%
Fair Value		$ 2,029,905	$ 3,065,870
% of Partners' Capital (Net Asset Value)		1.18%	1.23%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Healthcare [Member] \| 3.40% Cigna Corporation Due 2021-09-17 [Member]
Face Value		$ 5,000,000	$ 5,000,000
% Yield	[1]	3.40%	3.40%
Fair Value		$ 5,157,401	$ 5,161,766
% of Partners' Capital (Net Asset Value)		2.99%	2.08%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Healthcare [Member] \| 2.13% CVS Health Corporation Due 2021-06-01 [Member]
Face Value		$ 3,000,000	$ 3,000,000
% Yield	[1]	2.13%	2.13%
Fair Value		$ 3,024,078	$ 3,006,261
% of Partners' Capital (Net Asset Value)		1.75%	1.21%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Media [Member] \| 4.38% NBCUniversal Media, LLC Due 2021-04-01 [Member]
Face Value			$ 4,000,000
% Yield	[1]		4.38%
Fair Value			$ 4,167,918
% of Partners' Capital (Net Asset Value)			1.68%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Pharmaceutical [Member] \| 2.35% Amgen Inc. Due 2020-05-11 [Member]
Face Value			$ 4,200,000
% Yield	[1]		2.35%
Fair Value			$ 4,217,523
% of Partners' Capital (Net Asset Value)			1.70%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Pharmaceutical [Member] \| 2.58% Bayer US Finance II LLC Due 2021-06-25 [Member]
Face Value			$ 3,500,000
% Yield	[1]		2.58%
Fair Value			$ 3,507,703
% of Partners' Capital (Net Asset Value)			1.41%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Pharmaceutical [Member] \| 2.60% Bristol-Myers Squibb Company Due 2022-05-16 [Member]
Face Value		$ 4,000,000	$ 4,000,000
% Yield	[1]	2.60%	2.60%
Fair Value		$ 4,127,928	$ 4,077,500
% of Partners' Capital (Net Asset Value)		2.39%	1.64%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Pharmaceutical [Member] \| 0.88% Bayer US Finance II LLC Due 2021-06-25 [Member]
Face Value		$ 3,500,000
% Yield	[1]	0.88%
Fair Value		$ 3,507,152
% of Partners' Capital (Net Asset Value)		2.03%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Pharmaceutical [Member] \| 3.25% Zoetis Inc.Due 2023-02-01 [Member]
Face Value		$ 3,500,000
% Yield	[1]	3.25%
Fair Value		$ 3,731,114
% of Partners' Capital (Net Asset Value)		2.16%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Telecommunication [Member] \| 2.50% Apple Inc. Due 2022-09-02 [Member]
Face Value		$ 4,000,000	$ 4,000,000
% Yield	[1]	2.50%	2.50%
Fair Value		$ 4,132,312	$ 4,099,716
% of Partners' Capital (Net Asset Value)		2.40%	1.65%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Telecommunication [Member] \| 3.00% AT&T Inc. Due 2022-06-30 [Member]
Face Value		$ 3,500,000	$ 3,500,000
% Yield	[1]	3.00%	3.00%
Fair Value		$ 3,621,045	$ 3,578,314
% of Partners' Capital (Net Asset Value)		2.10%	1.44%
Corporate Notes [Member] \| U.S. Corporate Notes [Member] \| Equipment [Member] \| 2.50% Micron Technology, Inc.Due 2023-04-24 [Member]
Face Value		$ 3,500,000
% Yield	[1]	2.50%
Fair Value		$ 3,667,014
% of Partners' Capital (Net Asset Value)		2.13%
Corporate Notes [Member] \| Foreign Corporate Notes [Member]
Fair Value		$ 7,038,931	$ 17,824,551
% of Partners' Capital (Net Asset Value)		4.08%	7.18%
Investment Owned, at Cost		$ 6,996,909	$ 17,652,262
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Banks [Member] \| 2.20% Danske Bank A/S Due 2020-03-02 [Member]
Face Value			$ 5,500,000
% Yield	[1]		2.20%
Fair Value			$ 5,539,634
% of Partners' Capital (Net Asset Value)			2.23%
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Banks [Member] \| 1.00% Nordea Bank Abp Due 2023-06-09 [Member]
Face Value		$ 3,000,000
% Yield	[1]	1.00%
Fair Value		$ 3,038,160
% of Partners' Capital (Net Asset Value)		1.76%
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Energy [Member] \| 2.13% Shell International Finance B.V. Due 2020-05-11 [Member]
Face Value			$ 2,500,000
% Yield	[1]		2.13%
Fair Value			$ 2,507,384
% of Partners' Capital (Net Asset Value)			1.01%
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Pharmaceutical [Member] \| 3.14% Allergan Funding SCS Due 2020-03-12 [Member]
Face Value			$ 2,250,000
% Yield	[1]		3.14%
Fair Value			$ 2,259,476
% of Partners' Capital (Net Asset Value)			0.91%
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Insurance [Member] \| 2.43% AIA Group Limited Due 2021-09-20 [Member]
Face Value			$ 4,000,000
% Yield	[1]		2.43%
Fair Value			$ 4,003,233
% of Partners' Capital (Net Asset Value)			1.61%
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Insurance [Member] \| 0.76% AIA Group Limited Due 2021-09-20 [Member]
Face Value		$ 4,000,000
% Yield	[1]	0.76%
Fair Value		$ 4,000,771
% of Partners' Capital (Net Asset Value)		2.32%
Corporate Notes [Member] \| Foreign Corporate Notes [Member] \| Manufacturing [Member] \| 2.34% GE Capital International Funding Company Due 2020-11-15 [Member]
Face Value			$ 3,500,000
% Yield	[1]		2.34%
Fair Value			$ 3,514,824
% of Partners' Capital (Net Asset Value)			1.42%

[1]	Represents the annualized yield at date of purchase for discount securities or the stated coupon rate for coupon-bearing securities.

Condensed Schedule of Investm_4

Condensed Schedule of Investments U.S. Asset Backed Securities - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Fair Value		$ 119,837,286	$ 162,552,581
% of Partners' Capital (Net Asset Value)		69.50%	65.47%
Investment Owned, at Cost		$ 119,021,021	$ 161,352,357
U.S. Asset Backed Securities [Member]
Fair Value		$ 8,224,234	$ 10,690,783
% of Partners' Capital (Net Asset Value)		4.77%	4.31%
Investment Owned, at Cost		$ 8,230,936	$ 10,664,803
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.30% AmeriCredit Automobile Receivables Trust 2017-1 Due 2022-02-18 [Member]
Face Value			$ 900,000
% Yield	[1]		2.30%
Fair Value			$ 901,420
% of Partners' Capital (Net Asset Value)			0.37%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.04% AmeriCredit Automobile Receivables Trust 2017-4 Due 2022-07-18 [Member]
Face Value			$ 451,554
% Yield	[1]		2.04%
Fair Value			$ 451,795
% of Partners' Capital (Net Asset Value)			0.18%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 3.11% AmeriCredit Automobile Receivables Trust 2018-3 Due 2022-01-18 [Member]
Face Value			$ 253,596
% Yield	[1]		3.11%
Fair Value			$ 254,487
% of Partners' Capital (Net Asset Value)			0.10%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.43% AmeriCredit Automobile Receivables Trust 2019-2 Due 2022-09-19 [Member]
Face Value		$ 3,344	$ 283,888
% Yield	[1]	2.43%	2.43%
Fair Value		$ 33,725	$ 284,678
% of Partners' Capital (Net Asset Value)		0.02%	0.11%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 3.26% BMW Vehicle Lease Trust 2018-1 Due 2021-07-20 [Member]
Face Value		$ 86,991	$ 772,000
% Yield	[1]	3.26%	3.26%
Fair Value		$ 87,186	$ 779,225
% of Partners' Capital (Net Asset Value)		0.05%	0.31%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.65% Capital Auto Receivables Asset Trust 2016-3 Due 2024-01-22 [Member]
Face Value			$ 250,000
% Yield	[1]		2.65%
Fair Value			$ 250,578
% of Partners' Capital (Net Asset Value)			0.10%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 3.02% Capital Auto Receivables Asset Trust 2018-2 Due 2021-02-22 [Member]
Face Value			$ 220,524
% Yield	[1]		3.02%
Fair Value			$ 220,927
% of Partners' Capital (Net Asset Value)			0.09%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.26% Carmax Auto Owner Trust 2016-4 Due 2022-07-15 [Member]
Face Value		$ 400,000	$ 400,000
% Yield	[1]	2.26%	2.26%
Fair Value		$ 400,607	$ 401,167
% of Partners' Capital (Net Asset Value)		0.23%	0.16%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.89% GM Financial Automobile Leasing Trust 2018-3 Due 2020-09-21 [Member]
Face Value			$ 55,198
% Yield	[1]		2.89%
Fair Value			$ 55,266
% of Partners' Capital (Net Asset Value)			0.02%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 3.18% GM Financial Automobile Leasing Trust 2018-3 Due 2021-06-21 [Member]
Face Value			$ 100,000
% Yield	[1]		3.18%
Fair Value			$ 100,589
% of Partners' Capital (Net Asset Value)			0.04%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.55% GM Financial Consumer Automobile Receivables Trust 2018-2 Due 2021-05-17 [Member]
Face Value			$ 73,041
% Yield	[1]		2.55%
Fair Value			$ 73,153
% of Partners' Capital (Net Asset Value)			0.03%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.41% Mercedes-Benz Auto Lease Trust 2018-A Due 2021-02-16 [Member]
Face Value			$ 52,232
% Yield	[1]		2.41%
Fair Value			$ 52,320
% of Partners' Capital (Net Asset Value)			0.02%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.56% NextGear Floorplan Master Owner Trust , Series 2017-2 Due 2020-10-15 [Member]
Face Value			$ 150,000
% Yield	[1]		2.56%
Fair Value			$ 150,672
% of Partners' Capital (Net Asset Value)			0.06%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.58% Santander Drive Auto Receivables Trust 2017-1 Due 2022-05-16 [Member]
Face Value			$ 333,632
% Yield	[1]		2.58%
Fair Value			$ 334,317
% of Partners' Capital (Net Asset Value)			0.14%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.29% Santander Retail Auto Lease Trust 2019-B Due 2022-04-20 [Member]
Face Value		$ 248,998	$ 500,000
% Yield	[1]	2.29%	2.29%
Fair Value		$ 250,474	$ 501,326
% of Partners' Capital (Net Asset Value)		0.15%	0.20%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.13% Tesla Auto Lease Trust 2019-A Due 2022-04-20 [Member]
Face Value		$ 354,181	$ 525,000
% Yield	[1]	2.13%	2.13%
Fair Value		$ 358,011	$ 525,261
% of Partners' Capital (Net Asset Value)		0.21%	0.21%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.17% AmeriCredit Automobile Receivables Trust 2019-3 Due 2023-01-18 [Member]
Face Value		$ 440,163
% Yield	[1]	2.17%
Fair Value		$ 442,057
% of Partners' Capital (Net Asset Value)		0.26%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 1.86% Honda Auto Receivables 2019-4 Owner Trust Due 2022-06-20 [Member]
Face Value		$ 353,042
% Yield	[1]	1.86%
Fair Value		$ 355,128
% of Partners' Capital (Net Asset Value)		0.21%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 0.62% Santander Drive Auto Receivables Trust 2020-2 Due 2023-05-15 [Member]
Face Value		$ 186,490
% Yield	[1]	0.62%
Fair Value		$ 186,689
% of Partners' Capital (Net Asset Value)		0.11%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 2.06% World Omni Select Auto Trust 2019-A Due 2023-08-15 [Member]
Face Value		$ 199,302
% Yield	[1]	2.06%
Fair Value		$ 200,366
% of Partners' Capital (Net Asset Value)		0.12%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 0.35% World Omni Auto Receivables Trust 2020-C Due 2023-12-15 [Member]
Face Value		$ 450,000
% Yield	[1]	0.35%
Fair Value		$ 450,177
% of Partners' Capital (Net Asset Value)		0.26%
U.S. Asset Backed Securities [Member] \| Automotive [Member] \| 0.47% World Omni Select Auto Trust 2020-A Due 2024-06-17 [Member]
Face Value		$ 562,000
% Yield	[1]	0.47%
Fair Value		$ 563,057
% of Partners' Capital (Net Asset Value)		0.33%
U.S. Asset Backed Securities [Member] \| Credit Card [Member] \| 2.04% Barclays Dryrock Issuance Trust, Series 2017-2 Due 2020-07-15 [Member]
Face Value			$ 400,000
% Yield	[1]		2.04%
Fair Value			$ 400,647
% of Partners' Capital (Net Asset Value)			0.16%
U.S. Asset Backed Securities [Member] \| Credit Card [Member] \| 1.88% Discover Card Execution Note Trust Due 2020-08-17 [Member]
Face Value			$ 400,000
% Yield	[1]		1.88%
Fair Value			$ 400,350
% of Partners' Capital (Net Asset Value)			0.16%
U.S. Asset Backed Securities [Member] \| Credit Card [Member] \| 2.31% World Financial Network Credit Card Master Note Trust Series 2017-C Due 2024-08-15 [Member]
Face Value			$ 820,000
% Yield	[1]		2.31%
Fair Value			$ 822,189
% of Partners' Capital (Net Asset Value)			0.34%
U.S. Asset Backed Securities [Member] \| Credit Card [Member] \| 3.18% American Express Credit Account Master Trust 2018 - 8 Due 2024-04-15 [Member]
Face Value		$ 575,000
% Yield	[1]	3.18%
Fair Value		$ 587,735
% of Partners' Capital (Net Asset Value)		0.34%
U.S. Asset Backed Securities [Member] \| Credit Card [Member] \| 2.21% Synchrony Credit Card Master Note Trust 2016-2 Due 2024-05-17 [Member]
Face Value		$ 250,000
% Yield	[1]	2.21%
Fair Value		$ 251,619
% of Partners' Capital (Net Asset Value)		0.15%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 2.09% Dell Equipment Finance Trust 2018-1 Due 2020-10-22 [Member]
Face Value			$ 121,415
% Yield	[1]		2.09%
Fair Value			$ 121,496
% of Partners' Capital (Net Asset Value)			0.05%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 2.27% DLL 2019-2 LLC Due 2022-05-20 [Member]
Face Value		$ 84,761	$ 500,000
% Yield	[1]	2.27%	2.27%
Fair Value		$ 85,024	$ 500,832
% of Partners' Capital (Net Asset Value)		0.04%	0.21%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 2.97% GreatAmerica Leasing Receivables Funding LLC, Series 2019-1 Due 2021-06-15 [Member]
Face Value			$ 479,846
% Yield	[1]		2.97%
Fair Value			$ 482,010
% of Partners' Capital (Net Asset Value)			0.19%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 2.84% MMAF Equipment Finance LLC Series 2019-A Due 2022-01-10 [Member]
Face Value			$ 806,676
% Yield	[1]		2.84%
Fair Value			$ 811,592
% of Partners' Capital (Net Asset Value)			0.33%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 1.92% Verizon Owner Trust 2017-2 Due 2020-12-20 [Member]
Face Value			$ 205,263
% Yield	[1]		1.92%
Fair Value			$ 205,342
% of Partners' Capital (Net Asset Value)			0.08%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 2.06% Verizon Owner Trust 2017-3 Due 2022-04-20 [Member]
Face Value			$ 922,784
% Yield	[1]		2.06%
Fair Value			$ 923,583
% of Partners' Capital (Net Asset Value)			0.37%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 1.91% Dell Equipment Finance Trust 2019-2 Due 2024-10-22 [Member]
Face Value		$ 600,000
% Yield	[1]	1.91%
Fair Value		$ 610,611
% of Partners' Capital (Net Asset Value)		0.35%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 2.26% Dell Equipment Finance Trust 2020-1 Due 2022-06-22 [Member]
Face Value		$ 826,000
% Yield	[1]	2.26%
Fair Value		$ 836,041
% of Partners' Capital (Net Asset Value)		0.48%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 1.76% GreatAmerica Leasing Receivables Funding, LLC Due 2022-06-15 [Member]
Face Value		$ 752,245
% Yield	[1]	1.76%
Fair Value		$ 757,972
% of Partners' Capital (Net Asset Value)		0.44%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 0.69% HPEFS Equipment Trust 2020-2 Due 2030-07-22 [Member]
Face Value		$ 775,000
% Yield	[1]	0.69%
Fair Value		$ 777,815
% of Partners' Capital (Net Asset Value)		0.45%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 3.23% Verizon Owner Trust 2018-A Due 2023-04-20 [Member]
Face Value		$ 585,609
% Yield	[1]	3.23%
Fair Value		$ 593,710
% of Partners' Capital (Net Asset Value)		0.34%
U.S. Asset Backed Securities [Member] \| Equipment [Member] \| 1.85% Verizon Owner Trust 2020-A Due 2024-07-22 [Member]
Face Value		$ 375,000
% Yield	[1]	1.85%
Fair Value		$ 383,342
% of Partners' Capital (Net Asset Value)		0.22%
U.S. Asset Backed Securities [Member] \| Student Loans [Member] \| 2.39% SLM Student Loan Trust 2011-2 Due 2027-11-25 [Member]
Face Value			$ 26,574
% Yield	[1]		2.39%
Fair Value			$ 26,622
% of Partners' Capital (Net Asset Value)			0.01%
U.S. Asset Backed Securities [Member] \| Student Loans [Member] \| 2.64% Sofi Professional Loan Program 2018-B Trust Due 2047-08-25 [Member]
Face Value			$ 657,427
% Yield	[1]		2.64%
Fair Value			$ 658,939
% of Partners' Capital (Net Asset Value)			0.27%
U.S. Asset Backed Securities [Member] \| Student Loans [Member] \| 0.75% SLM Student Loan Trust 2011-2 Due 2027-11-25 [Member]
Face Value		$ 12,900
% Yield	[1]	0.75%
Fair Value		$ 12,888
% of Partners' Capital (Net Asset Value)		0.01%

[1]	Represents the annualized yield at date of purchase for discount securities or the stated coupon rate for coupon-bearing securities.

Condensed Schedule of Investm_5

Condensed Schedule of Investments Open Futures Contracts - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fair Value	$ 119,837,286	$ 162,552,581
% of Partners' Capital (Net Asset Value)	69.50%	65.47%
Investment Owned, at Cost	$ 119,021,021	$ 161,352,357
U.S. Futures Contracts [Member]
Fair Value	$ 5,560,281	$ 954,227
% of Partners' Capital (Net Asset Value)	3.22%	0.37%
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member]
Fair Value	$ 11,389,596	$ 1,842,300
% of Partners' Capital (Net Asset Value)	6.60%	0.73%
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Agricultural Commodities [Member]
Fair Value	$ 2,135,596	$ 275,964
% of Partners' Capital (Net Asset Value)	1.24%	0.11%
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Currencies [Member]
Fair Value	$ 185,459	$ 993,230
% of Partners' Capital (Net Asset Value)	0.11%	0.40%
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Energy [Member]
Fair Value	$ 247,270	$ 179,104
% of Partners' Capital (Net Asset Value)	0.14%	0.07%
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Equity Indices [Member]
Fair Value	$ 1,377,249	$ 1,049,270
% of Partners' Capital (Net Asset Value)	0.80%	0.42%
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Interest Rate Instruments [Member]
Fair Value	$ 176,792	$ (650,711)
% of Partners' Capital (Net Asset Value)	0.10%	(0.26%)
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Metals [Member]
Fair Value	$ 7,267,230	$ (163,448)
% of Partners' Capital (Net Asset Value)	4.21%	(0.07%)
U.S. Futures Contracts [Member] \| Long U.S. Futures Contracts [Member] \| Single Stock Futures [Member]
Fair Value		$ 158,891
% of Partners' Capital (Net Asset Value)		0.06%
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member]
Fair Value	$ (5,829,315)	$ (888,073)
% of Partners' Capital (Net Asset Value)	(3.38%)	(0.36%)
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Agricultural Commodities [Member]
Fair Value	$ (341,526)	$ (611,155)
% of Partners' Capital (Net Asset Value)	(0.20%)	(0.25%)
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Currencies [Member]
Fair Value	$ (16,365)	$ (1,107,362)
% of Partners' Capital (Net Asset Value)	(0.01%)	(0.45%)
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Energy [Member]
Fair Value	$ 35,440	$ 354,367
% of Partners' Capital (Net Asset Value)	0.02%	0.14%
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Equity Indices [Member]
Fair Value	$ (230,173)	$ (10,129)
% of Partners' Capital (Net Asset Value)	(0.13%)	0.00%
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Interest Rate Instruments [Member]
Fair Value	$ (128,860)	$ 7,668
% of Partners' Capital (Net Asset Value)	(0.07%)	0.00%
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Metals [Member]
Fair Value	$ (5,147,831)	$ 485,172
% of Partners' Capital (Net Asset Value)	(2.99%)	0.20%
U.S. Futures Contracts [Member] \| Short U.S. Futures Contracts [Member] \| Single Stock Futures [Member]
Fair Value		$ (6,634)
% of Partners' Capital (Net Asset Value)		0.00%
Foreign Futures Contracts [Member]
Fair Value	$ 2,609,701	$ (767,027)
% of Partners' Capital (Net Asset Value)	1.52%	(0.31%)
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member]
Fair Value	$ 2,460,632	$ (1,758,169)
% of Partners' Capital (Net Asset Value)	1.44%	(0.71%)
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Agricultural Commodities [Member]
Fair Value	$ 270,069	$ 67,579
% of Partners' Capital (Net Asset Value)	0.16%	0.03%
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Currencies [Member]
Fair Value	$ (7,733)	$ (17,669)
% of Partners' Capital (Net Asset Value)	0.00%	(0.01%)
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Energy [Member]
Fair Value	$ 251,686	$ (11,669)
% of Partners' Capital (Net Asset Value)	0.15%	0.00%
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Equity Indices [Member]
Fair Value	$ 1,477,092	$ (76,733)
% of Partners' Capital (Net Asset Value)	0.86%	(0.03%)
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Interest Rate Instruments [Member]
Fair Value	$ 466,173	$ (1,754,938)
% of Partners' Capital (Net Asset Value)	0.27%	(0.71%)
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Metals [Member]
Fair Value	$ 2,942	$ 35,076
% of Partners' Capital (Net Asset Value)	0.00%	0.01%
Foreign Futures Contracts [Member] \| Long Foreign Futures Contracts [Member] \| Single Stock Futures [Member]
Fair Value	$ 403	$ 185
% of Partners' Capital (Net Asset Value)	0.00%	0.00%
Foreign Futures Contracts [Member] \| Short Foreign Futures Contracts [Member]
Fair Value	$ 149,069	$ 991,142
% of Partners' Capital (Net Asset Value)	0.08%	0.40%
Foreign Futures Contracts [Member] \| Short Foreign Futures Contracts [Member] \| Agricultural Commodities [Member]
Fair Value	$ (1,367)	$ (914)
% of Partners' Capital (Net Asset Value)	0.00%	0.00%
Foreign Futures Contracts [Member] \| Short Foreign Futures Contracts [Member] \| Currencies [Member]
Fair Value	$ 57,417	$ 80,885
% of Partners' Capital (Net Asset Value)	0.03%	0.03%
Foreign Futures Contracts [Member] \| Short Foreign Futures Contracts [Member] \| Energy [Member]
Fair Value	$ (71,502)	$ 623,914
% of Partners' Capital (Net Asset Value)	(0.04%)	0.25%
Foreign Futures Contracts [Member] \| Short Foreign Futures Contracts [Member] \| Equity Indices [Member]
Fair Value	$ 104,496	$ 143,496
% of Partners' Capital (Net Asset Value)	0.06%	0.06%
Foreign Futures Contracts [Member] \| Short Foreign Futures Contracts [Member] \| Interest Rate Instruments [Member]
Fair Value	$ 60,025	$ 143,761
% of Partners' Capital (Net Asset Value)	0.03%	0.06%
Futures Contracts [Member]
Fair Value	$ 8,169,982	$ 187,200
% of Partners' Capital (Net Asset Value)	4.74%	0.06%
U.S. Exchange Forward Currency [Member]
Fair Value	$ (372,781)	$ (186,184)
% of Partners' Capital (Net Asset Value)	(0.22%)	(0.08%)
U.S. Exchange Forward Currency [Member] \| Long U.S. Forward Currency Contracts [Member]
Fair Value	$ 2,003,451	$ 1,142,214
% of Partners' Capital (Net Asset Value)	1.16%	0.46%
U.S. Exchange Forward Currency [Member] \| Short U.S. Forward Currency Contracts [Member]
Fair Value	$ (2,376,232)	$ (1,328,398)
% of Partners' Capital (Net Asset Value)	(1.38%)	(0.54%)
Foreign Exchange Forward Currency [Member]
Fair Value	$ 354,852	$ (3,531)
% of Partners' Capital (Net Asset Value)	0.21%	0.00%
Foreign Exchange Forward Currency [Member] \| Long Foreign Forward Currency Contracts [Member]
Fair Value	$ 189,777	$ (145,721)
% of Partners' Capital (Net Asset Value)	0.11%	(0.06%)
Foreign Exchange Forward Currency [Member] \| Short Foreign Forward Currency Contracts [Member]
Fair Value	$ 165,075	$ 142,190
% of Partners' Capital (Net Asset Value)	0.10%	0.06%
Forward Contracts [Member]
Fair Value	$ (17,929)	$ (189,715)
% of Partners' Capital (Net Asset Value)	0.01%	(0.08%)
U.S. Future Options Contracts [Member]
Fair Value	$ 150,900
% of Partners' Capital (Net Asset Value)	0.08%
U.S. Future Options Contracts [Member] \| Long U.S. Future Options Contracts [Member]
Fair Value	$ 264,100
% of Partners' Capital (Net Asset Value)	0.15%
Premium paid	$ 588,413
U.S. Future Options Contracts [Member] \| Short U.S. Future Options Contracts [Member]
Fair Value	$ (113,200)
% of Partners' Capital (Net Asset Value)	(0.07%)
Premium received	$ 279,738

Statements of Operations

Statements of Operations - USD ($)		12 Months Ended
Statements of Operations - USD ($)		Dec. 31, 2020	Dec. 31, 2019		Dec. 31, 2018
Net realized gain (loss) on:
Futures, future options, forward and swap contracts		$ (11,543,475)	$ 21,717,540		$ 8,358,826
Investment in SMFSF		(2,753,150)	(600,755)		(64,475)
Investments in securities		770,117	(228,885)		(584,903)
Net change in unrealized gain (loss) on:
Futures, future options and forward contracts		7,996,793	(2,305,685)		(8,037,263)
Investment in SMFSF		2,882,001	354,381		(1,694,792)
Investments in securities and certificates of deposit		(221,257)	1,643,633		(6,890)
Exchange membership		(11,500)	(83,000)		(86,500)
Brokerage commissions and trading expenses		(1,441,879)	(3,109,619)		(4,248,580)
Net realized and change in unrealized gain (loss) on investments		(4,322,350)	17,387,610		(6,364,577)
Income
Interest income		2,478,658	7,294,584		5,924,353
Expenses
Trading Advisor management fees		2,946,151	4,250,373		4,929,797
Trading Advisor incentive fees		213,562	3,602,010		626,857
Cash Managers fees		184,855	203,377		240,429
General Partner management and performance fees		3,033,908	4,033,876		4,848,144
Selling agent fees - General Partner		2,775,636	3,606,761		4,349,989
Broker dealer servicing fees - General Partner		107,087	146,324		181,268
General Partner 1% allocation		(119,874)	80,477		(165,532)
Adminstrative fee - General Partner		882,491	791,800		936,489
Total expenses		10,023,816	16,714,998		15,947,441
Net investment loss		(7,545,158)	(9,420,414)		(10,023,088)
Net income (loss)		(11,867,508)	7,967,196		(16,387,665)
Net Income (Loss) attributable to the Fund		(11,867,508)	7,967,196		(16,387,665)
Class A [Member]
Expenses
Net income (loss)		$ (8,464,478)	$ 4,166,331		$ (12,435,444)
Increase (decrease) in net asset value per unit for the year		$ (183.44)	$ 90.54		$ (235.06)
Net income (loss) per unit	[1]	$ (225.64)	$ 93.62		$ (233.32)
Weighted average number of units outstanding (in units)		37,512.6638	53,296.7889		53,296.7889
Class A2 [Member]
Expenses
Net income (loss)		$ (17,088)	$ 16,922		$ (482)
Increase (decrease) in net asset value per unit for the year		$ (33.59)	$ 37.33		$ (3.29)	[2]
Net income (loss) per unit	[1]	$ (26.66)	$ 47.30		$ (3.29)
Weighted average number of units outstanding (in units)		641.0670	357.7741		146.5000
Class A3 [Member]
Expenses
Net income (loss)		$ (2,935)	$ (1,488)
Increase (decrease) in net asset value per unit for the year		$ (34.10)	$ 5.25	[3],[4]
Net income (loss) per unit	[1]	$ (34.10)	$ (23.98)	[4]
Weighted average number of units outstanding (in units)		86.0607	62.0304	[4]
Class B [Member]
Expenses
Net income (loss)		$ (2,855,822)	$ 3,098,701		$ (3,357,247)
Increase (decrease) in net asset value per unit for the year		$ (179.52)	$ 250.24		$ (248.73)
Net income (loss) per unit	[1]	$ (310)	$ 265.77		$ (230.40)
Weighted average number of units outstanding (in units)		9,212.4717	11,659.4612		14,571.3605
Class I [Member]
Expenses
Net income (loss)		$ (125,598)	$ 93,607		$ (106,691)
Increase (decrease) in net asset value per unit for the year		$ (20.30)	$ 51.20		$ (30.78)
Net income (loss) per unit	[1]	$ (149.83)	$ 38.97		$ (30.78)
Weighted average number of units outstanding (in units)		838.2581	2,401.7383		3,466.2779
Class R [Member]
Expenses
Net income (loss)		$ (401,587)	$ 593,123		$ (487,801)
Increase (decrease) in net asset value per unit for the year		$ (27.84)	$ 43.59		$ (39.22)
Net income (loss) per unit	[1]	$ 0.11	$ 44.52		$ (37.43)
Weighted average number of units outstanding (in units)		9,490.8198	13,323.0893		13,031.4414

[1]	based on weighted average number of units outstanding during the year.
[2]	Class A2 Units were introduced in December 2018. Total return for 2018 is for the period from introduction to year end and is not annualized.
[3]	Class A3 Units were introduced in July 2019. Total return for 2019 is for the period from introduction to year end and is not annualized.
[4]	Inception date: July 1, 2019

Statements of Operations (Paren

Statements of Operations (Parenthetical)	12 Months Ended
Statements of Operations (Parenthetical)	Dec. 31, 2020
General partner allocation percentage	1.00%

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income (loss)	$ (11,867,508)	$ 7,967,196	$ (16,387,665)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Net change in unrealized (gain) loss from futures, future options, forwards and swap trading	(8,305,468)	2,305,685	8,529,763
Net realized and change in unrealized (gain) loss on SMFSF, securities and certificates of deposit	(677,711)	(1,168,374)	2,351,060
Purchases of securities and certificates of deposit	(507,449,211)	(547,522,944)	(544,118,416)
Proceeds from disposition of SMFSF and securities and certificates of deposit	573,581,168	607,878,125	568,768,969
Changes in
Exchange membership	11,500	83,000	86,500
Trading Advisor management fee payable	(331,961)	217,699	(200,141)
Trading Advisor incentive fee payable	(602,408)	109,861	(805,151)
Commissions and other trading fees payable on open contracts	(24,452)	5,139	(33,239)
Cash Manager fees Payable	(12,018)	(7,314)	(19,481)
General Partner management and performance fees payable	(92,812)	(46,818)	(97,878)
General Partner 1% allocation receivable / payable	(200,351)	246,009	(194,288)
Selling Agent fees payable - General Partner	(80,040)	(42,785)	(94,876)
Broker dealer servicing fees payable - General Partner	(3,440)
Administrative fee payable - General Partner	7,694	(8,671)	(21,302)
Net cash provided by (used in) operating activities	43,952,982	70,015,808	17,763,855
Cash flows from financing activities
Subscriptions	856,252	11,469,433	6,256,533
Subscriptions received in advance	33,000	266,000	224,523
Redemptions	(64,261,232)	(57,948,145)	(68,200,191)
Net cash provided by (used in) financing activities	(63,371,980)	(46,212,712)	(61,719,135)
Net increase (decrease) in cash and cash equivalents	(19,418,998)	23,803,096	(43,955,280)
Cash and cash equivalents, beginning of year	69,988,877	46,185,781	90,141,061
Total end of year cash and cash equivalents	50,569,879	69,988,877	46,185,781
End of year cash and cash equivalents consists of
Cash in broker trading accounts	44,519,197	64,814,573	27,926,584
Cash and cash equivalents	6,050,682	5,174,304	18,259,197
Total end of year cash and cash equivalents	50,569,879	69,988,877	46,185,781
Supplemental disclosure of cash flow information
Prior year redemptions paid	4,780,643	5,057,655	11,825,677
Prior year subscriptions received in advance	266,000	244,523	287,000
Supplemental schedule of non-cash financing activities
Redemptions payable	$ 5,585,666	$ 4,780,643	$ 5,057,655

Statements of Cash Flows (Paren

Statements of Cash Flows (Parenthetical)	12 Months Ended
Statements of Cash Flows (Parenthetical)	Dec. 31, 2020
Statement of Cash Flows [Abstract]
General partner allocation percentage	1.00%

Statements of Changes in Partne

Statements of Changes in Partners' Capital (Net Asset Value) - USD ($)	Class A [Member]	Class A2 [Member]		Class A3 [Member]		Class B [Member]	Class I [Member]	Class R [Member]	Total
Balance at beginning at Dec. 31, 2017	$ 240,860,323					$ 100,657,081	$ 3,547,299	$ 12,470,722	$ 357,535,425
Balance at beginning (in units) at Dec. 31, 2017	58,081.8421					16,061.6377	3,466.2779	12,013.6394
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	$ (12,435,444)	$ (482)				$ (3,357,247)	$ (106,691)	$ (487,801)	(16,387,665)
Subscriptions	$ 2,101,833	$ 146,500				$ 1,998,200		$ 2,297,000	6,543,533
Subscriptions (in units)	517.9846	146.5000				326.3758		2,274.1270
Redemptions	$ (39,247,936)					$ (21,572,150)		$ (612,083)	(61,432,169)
Redemptions (in units)	(9,717.5796)					(3,466.3744)		(603.8767)
Transfers	$ (2,258,779)					$ 2,258,779
Transfers (in units)	(562.3963)					368.8185
Balance at ending at Dec. 31, 2018	$ 189,019,997	$ 146,018				$ 79,984,663	$ 3,440,608	$ 13,667,838	286,259,124
Balance at ending (in units) at Dec. 31, 2018	48,319.8508	146.5000		0		13,290.4576	3,466.2779	13,683.8897
Net asset value per unit at beginning of period (in dollars per unit) at Dec. 31, 2017	$ 4,146.91	$ 1,000	[1]			$ 6,266.93	$ 1,023.37	$ 1,038.05
Net asset value per unit at end of period (in dollars per unit) at Dec. 31, 2018	$ 3,911.85	$ 996.71	[1]	$ 1,000	[2]	$ 6,018.20	$ 992.59	$ 998.83
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	$ 4,166,331	$ 16,922		$ (1,488)		$ 3,098,701	$ 93,607	$ 593,123	7,967,196
Subscriptions	$ 8,416,056	$ 381,300		$ 88,000		$ 1,938,600	$ 250,000	$ 620,000	11,693,956
Subscriptions (in units)	2,129.9459	379.8226		86.0607		303.1254	247.1650	612.4237
Redemptions	$ (35,037,434)					$ (18,897,025)	$ (1,937,641)	$ (1,799,033)	(57,671,133)
Redemptions (in units)	(8,832.8800)					(3,045.6841)	(1,944.3347)	(1,746.7731)
Transfers	$ (373,849)					$ 373,849
Transfers (in units)	(93.9364)					60.6087
Balance at ending at Dec. 31, 2019	$ 166,191,101	$ 544,240		$ 86,512		$ 66,498,788	$ 1,846,574	$ 13,081,928	248,249,143
Balance at ending (in units) at Dec. 31, 2019	41,522.9804	526.3226		86.0607		10,608.5075	1,769.1082	12,549.5403
Net asset value per unit at end of period (in dollars per unit) at Dec. 31, 2019	$ 4,002.39	$ 1,034.04		$ 1,005.25	[2]	$ 6,268.44	$ 1,043.79	$ 1,042.42
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	$ (8,464,478)	$ (17,088)		$ (2,935)		$ (2,855,822)	$ (125,598)	$ (401,587)	(11,867,508)
Subscriptions	$ 773,952	$ 185,300				$ 163,000			1,122,252
Subscriptions (in units)	207.5480	188.5952				26.7436
Redemptions	$ (38,722,802)	$ (189,119)				$ (19,794,735)	$ (1,458,476)	$ (4,901,123)	(65,066,255)
Redemptions (in units)	(10,363.1889)	(191.82)				(3,410.3371)	(1,512.6315)	(4,882.1067)
Transfers	$ (1,032,525)					$ 1,032,525
Transfers (in units)	(273.6491)					172.7445
Balance at ending at Dec. 31, 2020	$ 118,745,248	$ 523,333		$ 83,577		$ 45,043,756	$ 262,500	$ 7,779,218	$ 172,437,632
Balance at ending (in units) at Dec. 31, 2020	31,093.6904	523.0963		86.0607		7,397.6585	256.4767	7,667.4336
Net asset value per unit at end of period (in dollars per unit) at Dec. 31, 2020	$ 3,818.95	$ 1,000.45		$ 971.15		$ 6,088.92	$ 1,023.49	$ 1,014.58

[1]	Class A2 Units were introduced in December 2018. Total return for 2018 is for the period from introduction to year end and is not annualized.
[2]	Class A3 Units were introduced in July 2019. Total return for 2019 is for the period from introduction to year end and is not annualized.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
Organization and Summary of Significant Accounting Policies	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Description of the Fund Futures Portfolio Fund, Limited Partnership (“Fund”) is a Maryland limited partnership, which operates as a commodity investment pool that commenced trading operations on January 2, 1990. The Fund issues units of limited partner interests (“Units”) in six classes, Class A, A2, A3, B, I and R, which represent units of fractional undivided beneficial interest in and ownership of the Fund. The Fund will automatically terminate on December 31, 2025, unless terminated earlier as provided in the Third Amended and Restated Limited Partnership Agreement (“Partnership Agreement”). The Fund uses commodity trading advisors to engage in the speculative trading of futures contracts, forward currency contracts and other financial instruments traded in the United States (“U.S.”) and internationally. The Fund is a registrant with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the U.S. Securities Exchange Act of 1934, as amended (“1934 Act”). As a registrant, the Fund is subject to the regulations of the SEC and the disclosure requirements of the 1934 Act. As a commodity pool, the Fund is subject to the regulations of the U.S. Commodity Futures Trading Commission (“CFTC”), an agency of the U.S. Government, which regulates most aspects of the commodity futures industry; rules of the National Futures Association (“NFA”), an industry self-regulatory organization; rules of Financial Industry Regulatory Authority (“FINRA”), an industry self-regulatory organization; and the requirements of commodity exchanges where the Fund executes transactions. Additionally, the Fund is subject to the requirements of the futures brokers and interbank market makers through which the Fund trades. Steben & Company, LLC (“General Partner”), is the general partner of the Fund and a Maryland limited liability company registered with the CFTC as a commodity pool operator and a commodities introducing broker, and is also registered with the SEC as a registered investment advisor and a broker dealer. The General Partner is a member of the NFA. The General Partner manages all aspects of the Fund’s business and serves as one of the Fund’s selling agents. Octavus Group is the parent company of LoCorr Fund Management LLC, which serves as the investment advisor to multiple alternative investment mutual funds. LoCorr Fund Management LLC operates alternative investment funds with a low correlation to traditional asset classes. The six classes of Units in the Fund differ only in the fees applicable to each class. Class A Units are subject to a 2% per annum selling agent fee. Class A2 Units may pay an up-front sales commission of up to 3% of the offering price and a 0.6% per annum selling agent fee. Class A3 Units may pay an up-front sales commission of up to 2% of the offering price and a 0.75% per annum selling agent fee. Class B Units are subject to a 0.2% per annum broker dealer servicing fee. Class I Units are subject to higher minimum investments requirements and lower General Partner management fees (0.75% per annum instead of 1.50% per annum) as well as a General Partner performance fee (7.5% of new profits, described more fully in Footnote 4). Class R Units do not pay selling compensation or servicing fees to selling agents and are generally intended for clients of registered investment advisors. Class R Units were introduced in March 2017, and on April 1, 2017, approximately $14 million in Class B Units transferred to R Units. Class A2 and A3 Units were introduced in June 2017. At December 31, 2020, the Fund no longer owned any Class I shares of the Steben Managed Futures Strategy Fund (“SMFSF”) after liquidating its position in January 2020. SMFSF was a non-diversified series of shares of beneficial interest of Steben Alternative Investment Fund (the “Trust”), a statutory trust organized under the laws of the State of Delaware, and was registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end investment company. SMFSF had a similar investment strategy to the Fund, using commodity trading advisors to engage in the speculative trading of futures contracts, forward currency contracts and other financial instruments. Until January 2020, the Fund held an investment in SMFSF and any changes in the fair value of its investment in SMFSF are reported on the Statement of Operations. The investment in SMFSF is reported on the statements of financial condition as investment in SMFSF. For financial reporting purposes, SMFSF is treated as a related party. For the years ended December 31, 2019 and 2018, the Fund redeemed $6 million and $5 million, respectively, of its investment in SMFSF. In January 2020 SMFSF was merged into the LoCorr Macro Strategies Fund and the Fund fully redeemed its investment following the merger. Significant Accounting Policies Accounting Principles The Fund’s financial statements are prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). Under GAAP, the Fund is an investment company and follows accounting and reporting guidance under the Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 946, Financial Services – Investment Companies Use of Estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Revenue Recognition Futures, forward currency contracts, investments in securities, certificates of deposit, and the exchange membership are recorded on a trade date basis, and gains or losses are realized when contracts/positions are liquidated. Realized gains and losses on investments in securities and certificates of deposit are determined on a specific identification basis and are included in net realized and change in unrealized gain (loss) in the statements of operations. Unrealized gains and losses on open contracts (the difference between contract trade price and fair value) are reported in the statements of financial condition as net unrealized gain or loss, as there exists a right of offset of any unrealized gains or losses. The difference between cost and the fair value of open investments in securities and certificates of deposit is reflected as unrealized gain or loss on investments in securities and certificates of deposit. Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Interest income earned on investments in securities, certificates of deposit and other cash and cash equivalent balances is recorded on an accrual basis. Market discounts and premiums on fixed-income securities are amortized daily over the expected life of the security using the effective yield method. Fair Value of Financial Instruments Financial instruments are recorded at fair value, the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities recorded at fair value are classified within a fair value hierarchy based upon the level of judgment associated with the inputs used to measure their value. This 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). The three levels of the fair value hierarchy are described below: Level 1 – Fair value is based on unadjusted quoted prices for identical instruments in active markets. Financial instruments utilizing Level 1 inputs include futures contracts, U.S. Treasury securities and mutual funds. Level 2 – Fair value is based on quoted prices for similar instruments in active markets and inputs other than quoted prices that are observable for the financial instrument, such as interest rates and yield curves that are observable at commonly quoted intervals using a market approach. Financial instruments utilizing Level 2 inputs include forward currency contracts, swaps, commercial paper, corporate notes, certificates of deposit, asset backed securities and the exchange membership. Level 3 – Fair value is based on valuation techniques in which one or more significant inputs are unobservable. The Fund has no financial instruments utilizing Level 3 inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Fund’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. The Fund assesses the classification of the instruments at each measurement date, and any transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Fund’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. For the years ended December 31, 2020 and 2019, there were no such transfers between levels. A description of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value on a recurring basis follows. U.S. Treasury securities are recorded at fair value based on bid and ask quotes for identical instruments. Commercial paper, certificates of deposit, corporate notes, asset backed securities and the exchange membership are recorded at fair value based on bid and ask quotes for similar, but not identical, instruments. Accordingly, U.S. Treasury securities are classified within Level 1, and commercial paper, certificates of deposit, corporate notes, asset backed securities and exchange memberships are classified within Level 2. The investment in SMFSF (a mutual fund), a money market fund and futures contracts are valued using quoted market prices for identical assets in active markets and are classified within Level 1. The fair values of forward currency contracts are based upon third-party quoted dealer values on the interbank market and are classified within Level 2. Cash and Cash Equivalents Cash and cash equivalents may include cash, funds held in money market accounts and short-term investments with maturities of three months or less at the date of acquisition and that are not held for sale in the normal course of business. The Fund maintains deposits with financial institutions in amounts that are in excess of federally insured limits; however, the Fund does not believe it is exposed to any significant credit risk. Exchange Membership During 2017, the Fund purchased a membership interest in the Chicago Mercantile Exchange (CME). By purchasing the membership, the Fund will incur reduced fees for transactions on the CME. The membership is accounted at its fair value and changes in fair value are reported in net change in unrealized gain (loss) in exchange membership on the statement of operations. Brokerage Commissions and Trading Expenses Brokerage commissions and trading expenses include brokerage and other trading fees and are charged to expense when contracts are opened and closed. Redemptions Payable Redemptions payable represent redemptions that meet the requirements of the Fund and have been approved by the General Partner prior to year-end. These redemptions have been recorded using the year end net asset value per Unit. Income Taxes The Fund prepares calendar year U.S. and applicable state and local tax returns. The Fund is not subject to federal income taxes as each partner is individually liable for his or her allocable share of the Fund’s income, expenses and trading gains or losses. The Fund evaluates the tax positions taken or expected to be taken in the course of preparing the Fund’s tax returns to determine whether the tax positions are more-likely-than-not to be sustained 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 asset or liability in the current year. Management has determined there are no material uncertain income tax positions through December 31, 2020. With few exceptions, the Fund is no longer subject to U.S. federal, or state and local income tax examinations by tax authorities for years before 2017. Foreign Currency Transactions The Fund has certain investments denominated in foreign currencies. The purchase and sale of investments, and income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. The Fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of investments held. Such fluctuations are included with the net realized and change in unrealized gain or loss on such investments in the statements of operations. Reclassification Certain amounts in the 2019 and 2018 financial statements may have been reclassified to conform to the 2020 presentation without affecting previously reported partners’ capital (net asset value) or net income (loss). New Accounting Pronouncements Fair Value Disclosures In August 2018, the FASB issued guidance updating the disclosure requirements for fair value measurement and the fair value hierarchy. Primarily, the guidance added or modified certain disclosures regarding Level 3 fair value measurements and removed certain disclosures involving transfers between Level 1 and Level 2 of the fair value hierarchy. Historically, the Fund has not had any Level 3 fair value measurements and has not had any transfers between Level 1 and Level 2 on the fair value hierarchy. The update is effective beginning after December 15, 2019, although early adoption is permitted. The Fund adopted this guidance for the year ended December 31, 2020 with no significant impact. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
Fair Value Disclosures	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	2. Fair Value Disclosures The Fund’s assets and liabilities, measured at fair value on a recurring basis, are summarized in the following tables by the type of inputs applicable to the fair value measurements: At December 31, 2020 Level 1 Level 2 Total Equity in broker trading accounts: Net unrealized gain (loss) on open futures contracts* $ 8,169,982 $ — $ 8,169,982 Net open future options contracts* 150,900 — 150,900 Net unrealized gain (loss) on open forward currency contracts* — (17,929 ) (17,929 ) Cash and cash equivalents: Money market funds 1,413,139 — 1,413,139 Investment in securities: U.S. Treasury securities* 12,228,514 — 12,228,514 Asset backed securities* — 8,224,234 8,224,234 Commercial paper* — 21,596,100 21,596,100 Corporate notes* — 77,788,438 77,788,438 Exchange membership — 51,000 51,000 Total $ 21,962,535 $ 107,641,843 $ 129,604,378 At December 31, 2019 Level 1 Level 2 Total Equity in broker trading accounts: Net unrealized gain (loss) on open futures contracts* $ 187,200 $ — $ 187,200 Net unrealized gain (loss) on open forward currency contracts* — (189,715 ) (189,715 ) Cash and cash equivalents: Money market funds 4,326,784 — 4,326,784 Investment in SMFSF 22,738,951 — 22,738,951 Investment in securities: U.S. Treasury securities* 26,617,666 — 26,617,666 Asset backed securities* — 10,690,783 10,690,783 Commercial paper* — 32,964,810 32,964,810 Corporate notes* — 92,279,322 92,279,322 Exchange membership — 62,500 62,500 Total $ 53,870,601 $ 135,807,700 $ 189,678,301 *See the condensed schedule of investments for further description. There were no Level 3 holdings at December 31, 2020 and 2019, or during the three years ended December 31, 2020. In addition to the financial instruments listed above, substantially all the Fund’s other assets and liabilities are considered financial instruments and are reflected at fair value, or at carrying amounts that approximate fair value because of the short maturity of the instruments.

Derivative Instruments Disclosu

Derivative Instruments Disclosures	12 Months Ended
Derivative Instruments Disclosures	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments Disclosures	3. Derivative Instruments Disclosures The Fund’s derivative contracts are comprised of futures and forward currency contracts, none of which are designated as hedging instruments. At December 31, 2020 and 2019, the Fund’s derivative contracts had the following impact on the statements of financial condition: December 31, 2020 Derivative Assets and Liabilities, at fair value Statements of Financial Condition Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amount of Assets Presented in the Statement of Financial Condition Equity in broker trading accounts: Agricultural commodities $ 2,470,055 $ (407,283 ) $ 2,062,772 Currencies 361,197 (142,419 ) 218,778 Energy 744,460 (281,566 ) 462,894 Equity indices 3,161,199 (432,535 ) 2,728,664 Interest rate instruments 1,141,875 (567,745 ) 574,130 Metals 8,252,934 (6,130,593 ) 2,122,341 Single stock futures 403 — 403 Net unrealized gain (loss) on open futures contracts $ 16,132,123 $ (7,962,141 ) $ 8,169,982 Net open future options contracts Equity indices $ 264,100 $ (113,200 ) $ 150,900 Net unrealized gain (loss) on open forward currency contracts $ 3,468,798 $ (3,486,727 ) $ (17,929 ) At December 31, 2020, there were 15,961 open futures contracts, 476 open futures options contracts and 4,292 open forward currency contracts. The Fund’s financial assets, derivative assets, and cash collateral held by counterparties at December 31, 2020 were: At December 31, 2020 Net Amount of Liabilities in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount Deutsche Bank, AG $ 635,784 $ — $ — $ 635,784 Deutsche Bank Securities, Inc. 1,914,073 — — 1,914,073 JP Morgan Securities, LLC 128,687 — — 128,687 SG Americas Securities, LLC 5,624,409 — — 5,624,409 Total $ 8,302,953 $ — $ — $ 8,302,953 December 31, 2019 Derivative Assets and Liabilities, at fair value Statements of Financial Condition Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amount of Assets Presented in the Statement of Financial Condition Equity in broker trading accounts Agricultural commodities $ 495,307 $ (763,833 ) $ (268,526 ) Currencies 1,281,520 (1,332,436 ) (50,916 ) Energy 1,418,955 (273,239 ) 1,145,716 Equity indices 1,802,335 (696,431 ) 1,105,904 Interest rate instruments 355,541 (2,609,761 ) (2,254,220 ) Metals 9,213,100 (8,856,300 ) 356,800 Single stock futures 188,986 (36,544 ) 152,442 Net unrealized gain (loss) on open futures contracts $ 14,755,744 $ (14,568,544 ) $ 187,200 Net unrealized gain (loss) on open forward currency contracts $ 1,810,575 $ (2,000,290 ) $ (189,715 ) At December 31, 2019, there were 24,843 open futures contracts and 4,249 open forward currency contracts. The Fund’s financial assets, derivative assets, and cash collateral held by counterparties at December 31, 2019 were: At December 31, 2019 Net Amount of Assets Gross Amounts Not Offset in the Statements of Financial Condition Counterparty in the Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount Deutsche Bank, AG $ (173,480 ) $ — $ — $ (173,480 ) Deutsche Bank Securities, Inc. (223,065 ) — — (223,065 ) JP Morgan Securities, LLC 548,538 — — 548,538 SG Americas Securities, LLC (165,943 ) — — (165,943 ) Societe Generale International Limited 11,435 — — 11,435 Total $ (2,515 ) $ — $ — $ (2,515 ) For the years ended December 31, 2020, 2019 and 2018, the Fund’s futures and forwards contracts had the following impact on the statements of operations: 2020 2019 Types of Exposure Net realized Net change Net realized Net change Futures contracts Agricultural commodities $ (1,585,826 ) $ 2,331,298 $ (2,676,743 ) $ (1,144,375 ) Currencies (2,732,086 ) 269,693 (475,972 ) 161,853 Energy 7,186,515 (682,821 ) (8,168,871 ) 582,233 Equity indices (27,524,737 ) 1,622,759 9,018,161 1,474,506 Interest rate instruments 12,327,898 2,828,350 23,349,604 (3,969,669 ) Metals 3,809,617 1,765,542 (380,443 ) 797,346 Single stock futures 527,148 (152,039 ) 274,580 137,194 Total futures contracts (7,991,471 ) 7,982,782 20,940,316 (1,960,912 ) Future options contracts Equity indices — (157,775 ) — — Interest rate instruments 446,632 — — — Total future options contracts 446,632 (157,775 ) — — Forward currency contracts (4,113,043 ) 171,786 680,518 (344,773 ) Total futures and forward currency $ (11,657,882 ) $ 7,996,793 $ 21,620,834 $ (2,305,685 ) 2018 Types of Exposure Net realized Net change Futures contracts Agricultural commodities $ (2,561,835 ) $ (89,298 ) Currencies (788,025 ) (912,945 ) Energy 14,523,103 (3,362,912 ) Equity indices (4,387,205 ) (2,541,388 ) Interest rate instruments 1,473,055 3,062,855 Metals 1,917,247 (2,919,410 ) Single stock futures (102,236 ) (19,207 ) Total futures contracts 10,074,104 (6,782,305 ) Forward currency contracts (1,375,239 ) (1,747,458 ) Total futures and forward currency $ 8,698,865 $ (8,529,763 ) For the years ended December 31, 2020, 2019 and 2018, the number of futures contracts closed was 558,733, 988,640 and 1,846,304, respectively, the number of futures options contracts closed was 3,700, 0 and 0, respectively and the number of forward currency contracts closed was 353,527, 1,141,483 and 449,669, respectively.

General Partner

General Partner	12 Months Ended
General Partner	Dec. 31, 2020
General Partner
General Partner	4. General Partner At December 31, 2020, 2019 and 2018, and for the years then ended, the General Partner did not maintain a capital balance in the Fund. The following fees are paid to the General Partner: ▪ General Partner Management Fee – the Fund incurs a monthly fee on Class A, A2, A3, B and R Units equal to 1/12 th th ▪ General Partner Performance Fee – the Fund incurs a monthly fee on Class I Units equal to 7.5% of any Net New Trading Profits of the Class I Units calculated monthly. In determining Net New Trading Profits, any trading losses incurred by the Class I Units in prior periods is carried forward, so that the incentive fee is assessed only if and to the extent the profits generated by the Class I units exceed any losses from prior periods. The general partner performance fee is payable quarterly in arrears. ▪ Selling Agent Fees – the Class A Units incur a monthly fee equal to 1/12 th ▪ Broker Dealer Servicing Fees – the Class B Units incur a monthly fee equal to 1/12 th ▪ Administrative Fee – the Fund incurs a monthly fee equal to 1/12 th Pursuant to the terms of the Partnership Agreement, each year the General Partner receives from the Fund 1% of any net income earned by the Fund. Conversely, the General Partner pays to the Fund 1% of any net loss incurred by the Fund. Such amounts are reflected as General Partner 1% allocation receivable or payable in the statements of financial condition and as General Partner 1% allocation in the statements of operations.

Trading Advisors and Cash Manag

Trading Advisors and Cash Managers	12 Months Ended
Trading Advisors and Cash Managers	Dec. 31, 2020
Trading Advisor And Cash Managers
Trading Advisors and Cash Managers	5. Trading Advisors and Cash Managers The Fund has advisory agreements with various trading advisors, pursuant to which the Fund incurs a monthly advisor management fee that ranges from 0% to 3% per annum of allocated net assets (as defined in each respective advisory agreement as the amount of Fund assets deposited in the account maintained with the broker plus any notional funds which may be allocated to the Trading Advisor, which, in aggregate, is typically greater than the Fund's net assets), paid monthly or quarterly in arrears. Additionally, the Fund incurs advisor incentive fees, payable quarterly in arrears, ranging from 0% to 30% of net new trading profits (as defined in each respective advisory agreement). Principal Global Investors, LLC serves as the cash manager for the Fund (the “Cash Manager”). The Fund incurs monthly fees, payable in arrears to the Cash Manager, equal to approximately 1/12th of 0.15% and 1/12th of 0.11% of the investments in securities and certificates of deposit as of the period ended December 31, 2020 and 2019, respectively.

Deposits with Brokers

Deposits with Brokers	12 Months Ended
Deposits with Brokers	Dec. 31, 2020
Deposits With Brokers
Deposits with Brokers	6. Deposits with Brokers To meet margin requirements, the Fund deposits funds with brokers, subject to CFTC regulations and various exchange and broker requirements. The Fund earns interest income on its assets deposited with brokers. At December 31, 2020 and 2019, the Fund had assets totaling $52,822,150 and $64,812,057, respectively, with brokers and margin deposit requirements of $31,615,705 and $40,682,048, respectively.

Subscriptions, Distributions an

Subscriptions, Distributions and Redemptions	12 Months Ended
Subscriptions, Distributions and Redemptions	Dec. 31, 2020
Partners' Capital Notes [Abstract]
Subscriptions, Distributions and Redemptions	7. Subscriptions, Distributions and Redemptions Investments in the Fund are made by subscription agreement and must be received within five business days of the end of the month, subject to acceptance by the General Partner. The minimum investment is $10,000 for Class A, A2, A3, B and R units and $2,000,000 for Class I units. Units are sold at the respective net asset value per unit for Class A, A2, A3, B, I or R interests as of the close of business on the last day of the month in which the subscription is accepted. Investors whose subscriptions are accepted are admitted as limited partners as of the beginning of the month following the month in which their subscriptions were accepted. At December 31, 2020 and 2019, the Fund received advance subscriptions of $33,000 and $266,000, respectively, which were recognized as subscriptions to the Fund subsequent to period-end. The Fund is not required to make distributions but may do so at the sole discretion of the General Partner. A limited partner may request and receive redemption of Class A, A2, A3, B, I or R Units owned at the end of any month, subject to five business days’ prior written notice to the General Partner, and in certain circumstances, restrictions in the Partnership Agreement. The General Partner may require a limited partner to redeem from the Fund if the General Partner deems the redemption (a) necessary to prevent or correct the occurrence of a non-exempt prohibited transaction under the Employee Retirement Income Security Act of 1974, as amended, or the Internal Revenue Code of 1986, as amended, (b) beneficial to the Fund, or (c) necessary to comply with applicable government or other self-regulatory organization regulations.

Trading Activities and Related

Trading Activities and Related Risks	12 Months Ended
Trading Activities and Related Risks	Dec. 31, 2020
Trading Activities And Related Risks
Trading Activities and Related Risks	8. Trading Activities and Related Risks The Fund engages in the speculative trading of futures, options and over-the-counter contracts, including forward currency contracts traded in the U.S. and internationally. Trading in derivatives exposes the Fund to both market risk, the risk arising from a change in the fair value of a contract, and credit risk, the risk of failure by another party to perform according to the terms of a contract. Purchase and sale of futures contracts requires margin deposits with the futures brokers. Additional deposits may be necessary for any loss of contract value. The Commodity Exchange Act (“CEAct”) requires a broker to segregate all customer transactions and assets from such broker’s proprietary activities. A customer’s cash and other property (for example, U.S. Treasury securities) deposited with a broker are considered commingled with all other customer funds subject to the broker’s segregation requirements. In the event of a broker’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 (or none of) the total cash and other property deposited. The Fund uses SG Americas Securities, LLC, JP Morgan Securities, LLC, and Deutsche Bank Securities, Inc. as its futures brokers. The Fund uses Société Générale International Limited and Deutsche Bank AG as its forward currency counterparties. For futures contracts, risks arise from changes in the fair value of the contracts. Theoretically, the Fund is exposed to a market risk equal to the value of futures and forward currency contracts purchased, and unlimited liability on such contracts sold short. In addition to market risk, upon entering into commodity interest contracts there is a credit risk that a counterparty will not be able to meet its obligations to the Fund. The counterparty for futures and options on futures contracts traded in the U.S. and on most non-U.S. futures exchanges is the clearinghouse associated with such exchanges. In general, clearinghouses are backed by the corporate members of the clearinghouse 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 where 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 currency 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 clearinghouse backed by a group of financial institutions; thus, there likely will be greater counterparty credit risk. While the Fund trades only with those counterparties that it believes to be creditworthy, there can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to the Fund. The Fund trades forward currency contracts in unregulated markets between principals and assumes the risk of loss from counterparty non-performance. Accordingly, the risks associated with forward currency contracts are generally greater than those associated with exchange-traded contracts because of the greater risk of counterparty default. Additionally, the trading of forward currency contracts typically involves delayed cash settlement. The Fund has a portion of its assets on deposit with interbank market makers and other financial institutions in connection with its trading of forward currency contracts and its cash management activities. In the event of an interbank market maker’s or financial institution’s insolvency, recovery of Fund assets on deposit may be limited to account insurance or other protection afforded such deposits. Entering into swap agreements involves, to varying degrees, credit, market, and counterparty risk in excess of the amounts recognized on the statement of financial condition. The Cash Managers manage the Fund’s cash and excess margin through investments in fixed income instruments, pursuant to investment parameters established by the General Partner. Fluctuations in prevailing interest rates could cause mark-to-market losses on the Fund’s fixed income instruments. Through its investments in debt securities and certificates of deposit, the Fund has exposure to U.S. and foreign enterprises. The following table presents the exposure at December 31, 2020. Country or Region U.S. Treasury Securities Commercial Paper Corporate Notes Asset Backed Securities Total % of Partners' Capital (Net Asset Value) United States $ 12,228,514 $ 8,398,447 $ 70,749,507 $ 8,224,234 $ 99,600,702 57.76 % Canada — 2,399,177 — — 2,399,177 1.39 % Ireland — 2,399,845 — — 2,399,845 1.39 % United Kingdom — 2,399,851 — — 2,399,851 1.39 % Hong Kong — — 4,000,771 — 4,000,771 2.32 % Sweden — 1,199,597 — — 1,199,597 0.70 % Finland — — 3,038,160 — 3,038,160 1.76 % Australia — 3,599,443 — — 3,599,443 2.09 % Singapore — 1,199,740 — — 1,199,740 0.70 % Total $ 12,228,514 $ 21,596,100 $ 77,788,438 $ 8,224,234 $ 119,837,286 69.50 % The following table presents the exposure at December 31, 2019. Country or Region U.S. Treasury Securities Commercial Paper Corporate Notes Asset Backed Securities Total % of Partners' Capital (Net Asset Value) United States $ 26,617,666 $ 18,976,795 $ 74,454,771 $ 10,690,783 $ 130,740,015 52.66 % Denmark — — 5,539,634 — 5,539,634 2.23 % Canada — 5,495,622 — — 5,495,622 2.22 % Ireland — 1,499,431 3,514,824 — 5,014,255 2.02 % United Kingdom — 4,198,103 — — 4,198,103 1.69 % Hong Kong — — 4,003,233 — 4,003,233 1.61 % Luxumbourg — — 2,259,476 — 2,259,476 0.91 % Netherlands — — 2,507,384 — 2,507,384 1.01 % Norway — 1,496,596 — — 1,496,596 0.60 % Japan — 1,298,263 — — 1,298,263 0.52 % Total $ 26,617,666 $ 32,964,810 $ 92,279,322 $ 10,690,783 $ 162,552,581 65.47 %

Indemnifications

Indemnifications	12 Months Ended
Indemnifications	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Indemnifications	9. Indemnifications In the normal course of business, the Fund may enter into contracts and agreements that contain a variety of representations and warranties, and which provide general indemnifications. The Fund’s maximum exposure under these arrangements cannot be estimated. However, the Fund believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for such indemnifications.

Financial Highlights

Financial Highlights	12 Months Ended
Financial Highlights	Dec. 31, 2020
Investment Company, Financial Highlights [Abstract]
Financial Highlights	10. Financial Highlights The following information presents per unit operating performance data and other ratios for the years ended December 31, 2020, 2019 and 2018, assuming the unit was outstanding throughout the entire year: 2020 Class A Class A2 Class A3 Class B Class I Class R Per Unit Operating Performance Net asset value per unit, beginning of period $ 4,002.39 $ 1,034.04 $ 1,005.25 $ 6,268.44 $ 1,043.79 $ 1,042.42 Net realized and change in unrealized gain (loss) on investments (1) (24.30 ) (4.76 ) (5.17 ) (35.27 ) (9.60 ) (5.02 ) Net investment income (loss) (1) (159.14 ) (28.83 ) (28.93 ) (144.25 ) (10.70 ) (22.82 ) Total income (loss) from operations (183.44 ) (33.59 ) (34.10 ) (179.52 ) (20.30 ) (27.84 ) Net asset value per unit, end of period $ 3,818.95 $ 1,000.45 $ 971.15 $ 6,088.92 $ 1,023.49 $ 1,014.58 Total return (4.58 )% (3.25 )% (3.39 )% (2.86 )% (1.94 )% (2.67 )% Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 5.64 % 4.30 % 4.29 % 3.81 % 3.02 % 3.71 % General Partner 1% allocation (0.06 )% (0.03 )% (0.04 )% (0.05 )% (0.17 )% (0.05 )% Net total expenses 5.58 % 4.27 % 4.25 % 3.76 % 2.85 % 3.66 % Net investment income (loss) (2) (3) (4.41 )% (3.07 )% (3.10 )% (2.56 )% (1.41 )% (2.45 )% 2019 Class A Class A2 Class A3†† Class B Class I Class R Per Unit Operating Performance Net asset value per Unit, beginning of period $ 3,911.85 $ 996.71 $ 1,000.00 $ 6,018.20 $ 992.59 $ 998.83 Net realized and change in unrealized gain (loss) on investments (1) 256.20 63.88 12.50 397.19 66.35 65.24 Net investment income (loss) (1) (165.66 ) (26.55 ) (7.25 ) (146.95 ) (15.15 ) (21.65 ) Total income (loss) from operations 90.54 37.33 5.25 250.24 51.20 43.59 Net asset value per unit, end of period $ 4,002.39 $ 1,034.04 $ 1,005.25 $ 6,268.44 $ 1,043.79 $ 1,042.42 Total return 2.31 % 3.75 % 0.53 % 4.16 % 5.16 % 4.36 % Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 6.87 % 5.58 % 2.70 % 5.06 % 4.14 % 4.82 % General Partner 1% allocation 0.02 % 0.05 % (0.03 %) 0.04 % 0.04 % 0.04 % Net total expenses 6.89 % 5.63 % 2.67 % 5.10 % 4.18 % 4.86 % Net investment income (loss) (2) (3) (4.13 )% (2.51 )% (0.78 )% (2.33 )% (1.45 )% (2.06 )% 2018 Class A Class A2† Class B Class I Class R Per Unit Operating Performance Net asset value per Unit, beginning of period $ 4,146.91 $ 1,000.00 $ 6,266.93 $ 1,023.37 $ 1,038.05 Net realized and change in unrealized gain (loss) on investments (1) (84.38 ) (1.80 ) (129.61 ) (21.82 ) (21.91 ) Net investment income (loss) (1) (150.68 ) (1.49 ) (119.12 ) (8.96 ) (17.31 ) Total gain (loss) from operations (235.06 ) (3.29 ) (248.73 ) (30.78 ) (39.22 ) Net asset value per unit, end of period $ 3,911.85 $ 996.71 $ 6,018.20 $ 992.59 $ 998.83 Total return (5.67 )% (0.33 )% (3.97 )% (3.01 )% (3.78 )% Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 5.62 % 0.54 % 3.81 % 2.76 % 3.60 % General Partner 1% allocation (0.06 )% 0.00 % (0.04 )% (0.03 )% (0.04 )% Net total expenses 5.56 % 0.54 % 3.77 % 2.73 % 3.56 % Net investment income (loss) (2) (3) (3.78 )% (0.15 )% (1.97 )% (0.92 )% (1.73 )% † Class A2 Units were introduced in December 2018. Total return for 2018 is for the period from introduction to year end and is not annualized. †† Class A3 Units were introduced in July 2019. Total return for 2019 is for the period from introduction to year end and is not annualized. Total returns are calculated based on the change in value of a Class A, Class A2, Class B, Class I or Class R Unit during the year. An individual partner’s total returns and ratios may vary from the above total returns and ratios based on the timing of subscriptions and redemptions. (1) (2) (3)

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events The recent global outbreak of COVID-19 has disrupted economic markets. The extent of the economic impact is uncertain at this time, and it is unclear if this event will have a positive or negative impact on the performance of the Fund. After year end, there were $169,000 of contributions and $6,246,025 of redemptions from the Fund.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Principles	Accounting Principles The Fund’s financial statements are prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). Under GAAP, the Fund is an investment company and follows accounting and reporting guidance under the Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 946, Financial Services – Investment Companies
Use of Estimates	Use of Estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition Futures, forward currency contracts, investments in securities, certificates of deposit, and the exchange membership are recorded on a trade date basis, and gains or losses are realized when contracts/positions are liquidated. Realized gains and losses on investments in securities and certificates of deposit are determined on a specific identification basis and are included in net realized and change in unrealized gain (loss) in the statements of operations. Unrealized gains and losses on open contracts (the difference between contract trade price and fair value) are reported in the statements of financial condition as net unrealized gain or loss, as there exists a right of offset of any unrealized gains or losses. The difference between cost and the fair value of open investments in securities and certificates of deposit is reflected as unrealized gain or loss on investments in securities and certificates of deposit. Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Interest income earned on investments in securities, certificates of deposit and other cash and cash equivalent balances is recorded on an accrual basis. Market discounts and premiums on fixed-income securities are amortized daily over the expected life of the security using the effective yield method.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments are recorded at fair value, the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities recorded at fair value are classified within a fair value hierarchy based upon the level of judgment associated with the inputs used to measure their value. This 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). The three levels of the fair value hierarchy are described below: Level 1 – Fair value is based on unadjusted quoted prices for identical instruments in active markets. Financial instruments utilizing Level 1 inputs include futures contracts, U.S. Treasury securities and mutual funds. Level 2 – Fair value is based on quoted prices for similar instruments in active markets and inputs other than quoted prices that are observable for the financial instrument, such as interest rates and yield curves that are observable at commonly quoted intervals using a market approach. Financial instruments utilizing Level 2 inputs include forward currency contracts, swaps, commercial paper, corporate notes, certificates of deposit, asset backed securities and the exchange membership. Level 3 – Fair value is based on valuation techniques in which one or more significant inputs are unobservable. The Fund has no financial instruments utilizing Level 3 inputs. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Fund’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. The Fund assesses the classification of the instruments at each measurement date, and any transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Fund’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. For the years ended December 31, 2020 and 2019, there were no such transfers between levels. A description of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value on a recurring basis follows. U.S. Treasury securities are recorded at fair value based on bid and ask quotes for identical instruments. Commercial paper, certificates of deposit, corporate notes, asset backed securities and the exchange membership are recorded at fair value based on bid and ask quotes for similar, but not identical, instruments. Accordingly, U.S. Treasury securities are classified within Level 1, and commercial paper, certificates of deposit, corporate notes, asset backed securities and exchange memberships are classified within Level 2. The investment in SMFSF (a mutual fund), a money market fund and futures contracts are valued using quoted market prices for identical assets in active markets and are classified within Level 1. The fair values of forward currency contracts are based upon third-party quoted dealer values on the interbank market and are classified within Level 2.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents may include cash, funds held in money market accounts and short-term investments with maturities of three months or less at the date of acquisition and that are not held for sale in the normal course of business. The Fund maintains deposits with financial institutions in amounts that are in excess of federally insured limits; however, the Fund does not believe it is exposed to any significant credit risk.
Exchange Membership	Exchange Membership During 2017, the Fund purchased a membership interest in the Chicago Mercantile Exchange (CME). By purchasing the membership, the Fund will incur reduced fees for transactions on the CME. The membership is accounted at its fair value and changes in fair value are reported in net change in unrealized gain (loss) in exchange membership on the statement of operations.
Brokerage Commissions and Trading Expenses	Brokerage Commissions and Trading Expenses Brokerage commissions and trading expenses include brokerage and other trading fees and are charged to expense when contracts are opened and closed.
Redemptions Payable	Redemptions Payable Redemptions payable represent redemptions that meet the requirements of the Fund and have been approved by the General Partner prior to year-end. These redemptions have been recorded using the year end net asset value per Unit.
Income Taxes	Income Taxes The Fund prepares calendar year U.S. and applicable state and local tax returns. The Fund is not subject to federal income taxes as each partner is individually liable for his or her allocable share of the Fund’s income, expenses and trading gains or losses. The Fund evaluates the tax positions taken or expected to be taken in the course of preparing the Fund’s tax returns to determine whether the tax positions are more-likely-than-not to be sustained 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 asset or liability in the current year. Management has determined there are no material uncertain income tax positions through December 31, 2020. With few exceptions, the Fund is no longer subject to U.S. federal, or state and local income tax examinations by tax authorities for years before 2017.
Foreign Currency Transactions	Foreign Currency Transactions The Fund has certain investments denominated in foreign currencies. The purchase and sale of investments, and income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. The Fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of investments held. Such fluctuations are included with the net realized and change in unrealized gain or loss on such investments in the statements of operations.
Reclassification	Reclassification Certain amounts in the 2019 and 2018 financial statements may have been reclassified to conform to the 2020 presentation without affecting previously reported partners’ capital (net asset value) or net income (loss).
New Accounting Pronouncements	New Accounting Pronouncements Fair Value Disclosures In August 2018, the FASB issued guidance updating the disclosure requirements for fair value measurement and the fair value hierarchy. Primarily, the guidance added or modified certain disclosures regarding Level 3 fair value measurements and removed certain disclosures involving transfers between Level 1 and Level 2 of the fair value hierarchy. Historically, the Fund has not had any Level 3 fair value measurements and has not had any transfers between Level 1 and Level 2 on the fair value hierarchy. The update is effective beginning after December 15, 2019, although early adoption is permitted. The Fund adopted this guidance for the year ended December 31, 2020 with no significant impact. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
Fair Value Disclosures (Tables)	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured on recurring basis	The following information presents per unit operating performance data and other ratios for the years ended December 31, 2020, 2019 and 2018, assuming the unit was outstanding throughout the entire year: 2020 Class A Class A2 Class A3 Class B Class I Class R Per Unit Operating Performance Net asset value per unit, beginning of period $ 4,002.39 $ 1,034.04 $ 1,005.25 $ 6,268.44 $ 1,043.79 $ 1,042.42 Net realized and change in unrealized gain (loss) on investments (1) (24.30 ) (4.76 ) (5.17 ) (35.27 ) (9.60 ) (5.02 ) Net investment income (loss) (1) (159.14 ) (28.83 ) (28.93 ) (144.25 ) (10.70 ) (22.82 ) Total income (loss) from operations (183.44 ) (33.59 ) (34.10 ) (179.52 ) (20.30 ) (27.84 ) Net asset value per unit, end of period $ 3,818.95 $ 1,000.45 $ 971.15 $ 6,088.92 $ 1,023.49 $ 1,014.58 Total return (4.58 )% (3.25 )% (3.39 )% (2.86 )% (1.94 )% (2.67 )% Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 5.64 % 4.30 % 4.29 % 3.81 % 3.02 % 3.71 % General Partner 1% allocation (0.06 )% (0.03 )% (0.04 )% (0.05 )% (0.17 )% (0.05 )% Net total expenses 5.58 % 4.27 % 4.25 % 3.76 % 2.85 % 3.66 % Net investment income (loss) (2) (3) (4.41 )% (3.07 )% (3.10 )% (2.56 )% (1.41 )% (2.45 )% 2019 Class A Class A2 Class A3†† Class B Class I Class R Per Unit Operating Performance Net asset value per Unit, beginning of period $ 3,911.85 $ 996.71 $ 1,000.00 $ 6,018.20 $ 992.59 $ 998.83 Net realized and change in unrealized gain (loss) on investments (1) 256.20 63.88 12.50 397.19 66.35 65.24 Net investment income (loss) (1) (165.66 ) (26.55 ) (7.25 ) (146.95 ) (15.15 ) (21.65 ) Total income (loss) from operations 90.54 37.33 5.25 250.24 51.20 43.59 Net asset value per unit, end of period $ 4,002.39 $ 1,034.04 $ 1,005.25 $ 6,268.44 $ 1,043.79 $ 1,042.42 Total return 2.31 % 3.75 % 0.53 % 4.16 % 5.16 % 4.36 % Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 6.87 % 5.58 % 2.70 % 5.06 % 4.14 % 4.82 % General Partner 1% allocation 0.02 % 0.05 % (0.03 %) 0.04 % 0.04 % 0.04 % Net total expenses 6.89 % 5.63 % 2.67 % 5.10 % 4.18 % 4.86 % Net investment income (loss) (2) (3) (4.13 )% (2.51 )% (0.78 )% (2.33 )% (1.45 )% (2.06 )% 2018 Class A Class A2† Class B Class I Class R Per Unit Operating Performance Net asset value per Unit, beginning of period $ 4,146.91 $ 1,000.00 $ 6,266.93 $ 1,023.37 $ 1,038.05 Net realized and change in unrealized gain (loss) on investments (1) (84.38 ) (1.80 ) (129.61 ) (21.82 ) (21.91 ) Net investment income (loss) (1) (150.68 ) (1.49 ) (119.12 ) (8.96 ) (17.31 ) Total gain (loss) from operations (235.06 ) (3.29 ) (248.73 ) (30.78 ) (39.22 ) Net asset value per unit, end of period $ 3,911.85 $ 996.71 $ 6,018.20 $ 992.59 $ 998.83 Total return (5.67 )% (0.33 )% (3.97 )% (3.01 )% (3.78 )% Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 5.62 % 0.54 % 3.81 % 2.76 % 3.60 % General Partner 1% allocation (0.06 )% 0.00 % (0.04 )% (0.03 )% (0.04 )% Net total expenses 5.56 % 0.54 % 3.77 % 2.73 % 3.56 % Net investment income (loss) (2) (3) (3.78 )% (0.15 )% (1.97 )% (0.92 )% (1.73 )% † Class A2 Units were introduced in December 2018. Total return for 2018 is for the period from introduction to year end and is not annualized. †† Class A3 Units were introduced in July 2019. Total return for 2019 is for the period from introduction to year end and is not annualized. Total returns are calculated based on the change in value of a Class A, Class A2, Class B, Class I or Class R Unit during the year. An individual partner’s total returns and ratios may vary from the above total returns and ratios based on the timing of subscriptions and redemptions. (1) (2) (3)

Derivative Instruments Disclo_2

Derivative Instruments Disclosures (Tables)	12 Months Ended
Derivative Instruments Disclosures (Tables)	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative contracts impact on the consolidated statements of financial position	December 31, 2020 Derivative Assets and Liabilities, at fair value Statements of Financial Condition Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amount of Assets Presented in the Statement of Financial Condition Equity in broker trading accounts: Agricultural commodities $ 2,470,055 $ (407,283 ) $ 2,062,772 Currencies 361,197 (142,419 ) 218,778 Energy 744,460 (281,566 ) 462,894 Equity indices 3,161,199 (432,535 ) 2,728,664 Interest rate instruments 1,141,875 (567,745 ) 574,130 Metals 8,252,934 (6,130,593 ) 2,122,341 Single stock futures 403 — 403 Net unrealized gain (loss) on open futures contracts $ 16,132,123 $ (7,962,141 ) $ 8,169,982 Net open future options contracts Equity indices $ 264,100 $ (113,200 ) $ 150,900 Net unrealized gain (loss) on open forward currency contracts $ 3,468,798 $ (3,486,727 ) $ (17,929 ) December 31, 2019 Derivative Assets and Liabilities, at fair value Statements of Financial Condition Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amount of Assets Presented in the Statement of Financial Condition Equity in broker trading accounts Agricultural commodities $ 495,307 $ (763,833 ) $ (268,526 ) Currencies 1,281,520 (1,332,436 ) (50,916 ) Energy 1,418,955 (273,239 ) 1,145,716 Equity indices 1,802,335 (696,431 ) 1,105,904 Interest rate instruments 355,541 (2,609,761 ) (2,254,220 ) Metals 9,213,100 (8,856,300 ) 356,800 Single stock futures 188,986 (36,544 ) 152,442 Net unrealized gain (loss) on open futures contracts $ 14,755,744 $ (14,568,544 ) $ 187,200 Net unrealized gain (loss) on open forward currency contracts $ 1,810,575 $ (2,000,290 ) $ (189,715 )
Schedule of financial assets, derivative assets, and cash collateral held by counterparties	The Fund’s financial assets, derivative assets, and cash collateral held by counterparties at December 31, 2020 were: At December 31, 2020 Net Amount of Liabilities in the Gross Amounts Not Offset in the Statements of Financial Condition Counterparty Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount Deutsche Bank, AG $ 635,784 $ — $ — $ 635,784 Deutsche Bank Securities, Inc. 1,914,073 — — 1,914,073 JP Morgan Securities, LLC 128,687 — — 128,687 SG Americas Securities, LLC 5,624,409 — — 5,624,409 Total $ 8,302,953 $ — $ — $ 8,302,953 The Fund’s financial assets, derivative assets, and cash collateral held by counterparties at December 31, 2019 were: At December 31, 2019 Net Amount of Assets Gross Amounts Not Offset in the Statements of Financial Condition Counterparty in the Statements of Financial Condition Financial Instruments Cash Collateral Received Net Amount Deutsche Bank, AG $ (173,480 ) $ — $ — $ (173,480 ) Deutsche Bank Securities, Inc. (223,065 ) — — (223,065 ) JP Morgan Securities, LLC 548,538 — — 548,538 SG Americas Securities, LLC (165,943 ) — — (165,943 ) Societe Generale International Limited 11,435 — — 11,435 Total $ (2,515 ) $ — $ — $ (2,515 )
Schedule of derivative contracts had the following impact on the statements of operations	For the years ended December 31, 2020, 2019 and 2018, the Fund’s futures and forwards contracts had the following impact on the statements of operations: 2020 2019 Types of Exposure Net realized Net change Net realized Net change Futures contracts Agricultural commodities $ (1,585,826 ) $ 2,331,298 $ (2,676,743 ) $ (1,144,375 ) Currencies (2,732,086 ) 269,693 (475,972 ) 161,853 Energy 7,186,515 (682,821 ) (8,168,871 ) 582,233 Equity indices (27,524,737 ) 1,622,759 9,018,161 1,474,506 Interest rate instruments 12,327,898 2,828,350 23,349,604 (3,969,669 ) Metals 3,809,617 1,765,542 (380,443 ) 797,346 Single stock futures 527,148 (152,039 ) 274,580 137,194 Total futures contracts (7,991,471 ) 7,982,782 20,940,316 (1,960,912 ) Future options contracts Equity indices — (157,775 ) — — Interest rate instruments 446,632 — — — Total future options contracts 446,632 (157,775 ) — — Forward currency contracts (4,113,043 ) 171,786 680,518 (344,773 ) Total futures and forward currency $ (11,657,882 ) $ 7,996,793 $ 21,620,834 $ (2,305,685 ) 2018 Types of Exposure Net realized Net change Futures contracts Agricultural commodities $ (2,561,835 ) $ (89,298 ) Currencies (788,025 ) (912,945 ) Energy 14,523,103 (3,362,912 ) Equity indices (4,387,205 ) (2,541,388 ) Interest rate instruments 1,473,055 3,062,855 Metals 1,917,247 (2,919,410 ) Single stock futures (102,236 ) (19,207 ) Total futures contracts 10,074,104 (6,782,305 ) Forward currency contracts (1,375,239 ) (1,747,458 ) Total futures and forward currency $ 8,698,865 $ (8,529,763 )

Trading Activities and Relate_2

Trading Activities and Related Risks (Tables)	12 Months Ended
Trading Activities and Related Risks (Tables)	Dec. 31, 2020
Trading Activities And Related Risks
Schedule of exposure in investments	The following table presents the exposure at December 31, 2020. Country or Region U.S. Treasury Securities Commercial Paper Corporate Notes Asset Backed Securities Total % of Partners' Capital (Net Asset Value) United States $ 12,228,514 $ 8,398,447 $ 70,749,507 $ 8,224,234 $ 99,600,702 57.76 % Canada — 2,399,177 — — 2,399,177 1.39 % Ireland — 2,399,845 — — 2,399,845 1.39 % United Kingdom — 2,399,851 — — 2,399,851 1.39 % Hong Kong — — 4,000,771 — 4,000,771 2.32 % Sweden — 1,199,597 — — 1,199,597 0.70 % Finland — — 3,038,160 — 3,038,160 1.76 % Australia — 3,599,443 — — 3,599,443 2.09 % Singapore — 1,199,740 — — 1,199,740 0.70 % Total $ 12,228,514 $ 21,596,100 $ 77,788,438 $ 8,224,234 $ 119,837,286 69.50 % The following table presents the exposure at December 31, 2019. Country or Region U.S. Treasury Securities Commercial Paper Corporate Notes Asset Backed Securities Total % of Partners' Capital (Net Asset Value) United States $ 26,617,666 $ 18,976,795 $ 74,454,771 $ 10,690,783 $ 130,740,015 52.66 % Denmark — — 5,539,634 — 5,539,634 2.23 % Canada — 5,495,622 — — 5,495,622 2.22 % Ireland — 1,499,431 3,514,824 — 5,014,255 2.02 % United Kingdom — 4,198,103 — — 4,198,103 1.69 % Hong Kong — — 4,003,233 — 4,003,233 1.61 % Luxumbourg — — 2,259,476 — 2,259,476 0.91 % Netherlands — — 2,507,384 — 2,507,384 1.01 % Norway — 1,496,596 — — 1,496,596 0.60 % Japan — 1,298,263 — — 1,298,263 0.52 % Total $ 26,617,666 $ 32,964,810 $ 92,279,322 $ 10,690,783 $ 162,552,581 65.47 %

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
Financial Highlights (Tables)	Dec. 31, 2020
Investment Company, Financial Highlights [Abstract]
Schedule of per unit operating performance data and other ratios	The following information presents per unit operating performance data and other ratios for the years ended December 31, 2020, 2019 and 2018, assuming the unit was outstanding throughout the entire year: 2020 Class A Class A2 Class A3 Class B Class I Class R Per Unit Operating Performance Net asset value per unit, beginning of period $ 4,002.39 $ 1,034.04 $ 1,005.25 $ 6,268.44 $ 1,043.79 $ 1,042.42 Net realized and change in unrealized gain (loss) on investments (1) (24.30 ) (4.76 ) (5.17 ) (35.27 ) (9.60 ) (5.02 ) Net investment income (loss) (1) (159.14 ) (28.83 ) (28.93 ) (144.25 ) (10.70 ) (22.82 ) Total income (loss) from operations (183.44 ) (33.59 ) (34.10 ) (179.52 ) (20.30 ) (27.84 ) Net asset value per unit, end of period $ 3,818.95 $ 1,000.45 $ 971.15 $ 6,088.92 $ 1,023.49 $ 1,014.58 Total return (4.58 )% (3.25 )% (3.39 )% (2.86 )% (1.94 )% (2.67 )% Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 5.64 % 4.30 % 4.29 % 3.81 % 3.02 % 3.71 % General Partner 1% allocation (0.06 )% (0.03 )% (0.04 )% (0.05 )% (0.17 )% (0.05 )% Net total expenses 5.58 % 4.27 % 4.25 % 3.76 % 2.85 % 3.66 % Net investment income (loss) (2) (3) (4.41 )% (3.07 )% (3.10 )% (2.56 )% (1.41 )% (2.45 )% 2019 Class A Class A2 Class A3†† Class B Class I Class R Per Unit Operating Performance Net asset value per Unit, beginning of period $ 3,911.85 $ 996.71 $ 1,000.00 $ 6,018.20 $ 992.59 $ 998.83 Net realized and change in unrealized gain (loss) on investments (1) 256.20 63.88 12.50 397.19 66.35 65.24 Net investment income (loss) (1) (165.66 ) (26.55 ) (7.25 ) (146.95 ) (15.15 ) (21.65 ) Total income (loss) from operations 90.54 37.33 5.25 250.24 51.20 43.59 Net asset value per unit, end of period $ 4,002.39 $ 1,034.04 $ 1,005.25 $ 6,268.44 $ 1,043.79 $ 1,042.42 Total return 2.31 % 3.75 % 0.53 % 4.16 % 5.16 % 4.36 % Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 6.87 % 5.58 % 2.70 % 5.06 % 4.14 % 4.82 % General Partner 1% allocation 0.02 % 0.05 % (0.03 %) 0.04 % 0.04 % 0.04 % Net total expenses 6.89 % 5.63 % 2.67 % 5.10 % 4.18 % 4.86 % Net investment income (loss) (2) (3) (4.13 )% (2.51 )% (0.78 )% (2.33 )% (1.45 )% (2.06 )% 2018 Class A Class A2† Class B Class I Class R Per Unit Operating Performance Net asset value per Unit, beginning of period $ 4,146.91 $ 1,000.00 $ 6,266.93 $ 1,023.37 $ 1,038.05 Net realized and change in unrealized gain (loss) on investments (1) (84.38 ) (1.80 ) (129.61 ) (21.82 ) (21.91 ) Net investment income (loss) (1) (150.68 ) (1.49 ) (119.12 ) (8.96 ) (17.31 ) Total gain (loss) from operations (235.06 ) (3.29 ) (248.73 ) (30.78 ) (39.22 ) Net asset value per unit, end of period $ 3,911.85 $ 996.71 $ 6,018.20 $ 992.59 $ 998.83 Total return (5.67 )% (0.33 )% (3.97 )% (3.01 )% (3.78 )% Other Financial Ratios Ratios to average net asset value Expenses prior to General Partner 1% allocation (2) 5.62 % 0.54 % 3.81 % 2.76 % 3.60 % General Partner 1% allocation (0.06 )% 0.00 % (0.04 )% (0.03 )% (0.04 )% Net total expenses 5.56 % 0.54 % 3.77 % 2.73 % 3.56 % Net investment income (loss) (2) (3) (3.78 )% (0.15 )% (1.97 )% (0.92 )% (1.73 )% † Class A2 Units were introduced in December 2018. Total return for 2018 is for the period from introduction to year end and is not annualized. †† Class A3 Units were introduced in July 2019. Total return for 2019 is for the period from introduction to year end and is not annualized. Total returns are calculated based on the change in value of a Class A, Class A2, Class B, Class I or Class R Unit during the year. An individual partner’s total returns and ratios may vary from the above total returns and ratios based on the timing of subscriptions and redemptions. (1) (2) (3)

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Apr. 01, 2017	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Steben Managed Futures Strategy Fund [Member]
Total redemption amount			$ 6,000,000	$ 5,000,000
Class A [Member]
Percentage of selling agent fee		2.00%
Class A [Member] \| General Partner [Member]
Percentage of management fees		1.50%
Class A2 [Member]
Percentage of sales commission		3.00%
Percentage of offering price		0.60%
Class A2 [Member] \| General Partner [Member]
Percentage of management fees		1.50%
Class A3 [Member]
Percentage of sales commission		2.00%
Percentage of offering price		0.75%
Class A3 [Member] \| General Partner [Member]
Percentage of management fees		1.50%
Class B [Member]
Percentage of broker dealer servicing fee		0.20%
Class B [Member] \| General Partner [Member]
Percentage of management fees		1.50%
Class I [Member] \| General Partner [Member]
Percentage of management fees		0.75%
Percentage of performance fee		7.50%
Class R [Member]
Capital unit conversion	$ 14,000,000
Class R [Member] \| General Partner [Member]
Percentage of management fees		1.50%

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts		$ 8,169,982	$ 187,200
Net open future options contracts		150,900
Net unrealized gain (loss) on open forward currency contracts		(17,929)	(189,715)
Cash and cash equivalents:
Total		129,604,378
Recurring [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	[1]	8,169,982	187,200
Net open future options contracts	[1]	150,900
Net unrealized gain (loss) on open forward currency contracts	[1]	(17,929)	(189,715)
Cash and cash equivalents:
Money market fund		1,413,139	4,326,784
Total		129,604,378	189,678,301
Recurring [Member] \| Level 1 [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	[1]	8,169,982	187,200
Net open future options contracts	[1]	150,900
Cash and cash equivalents:
Money market fund		1,413,139	4,326,784
Total		21,962,535	53,870,601
Recurring [Member] \| Level 2 [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open forward currency contracts	[1]	(17,929)	(189,715)
Cash and cash equivalents:
Total		107,641,843	135,807,700
Recurring [Member] \| Investment In SMFSF [Member] \| Steben Managed Futures Strategy Fund [Member]
Cash and cash equivalents:
Total			22,738,951
Recurring [Member] \| Investment In SMFSF [Member] \| Steben Managed Futures Strategy Fund [Member] \| Level 1 [Member]
Cash and cash equivalents:
Total			22,738,951
Recurring [Member] \| U.S. Treasury Securities [Member]
Cash and cash equivalents:
Total	[1]	12,228,514	26,617,666
Recurring [Member] \| U.S. Treasury Securities [Member] \| Level 1 [Member]
Cash and cash equivalents:
Total	[1]	12,228,514	26,617,666
Recurring [Member] \| U.S. Asset Backed Securities [Member]
Cash and cash equivalents:
Total	[1]	8,224,234	10,690,783
Recurring [Member] \| U.S. Asset Backed Securities [Member] \| Level 2 [Member]
Cash and cash equivalents:
Total	[1]	8,224,234	10,690,783
Recurring [Member] \| Commercial Paper [Member]
Cash and cash equivalents:
Total	[1]	21,596,100	32,964,810
Recurring [Member] \| Commercial Paper [Member] \| Level 2 [Member]
Cash and cash equivalents:
Total	[1]	21,596,100	32,964,810
Recurring [Member] \| Corporate Notes [Member]
Cash and cash equivalents:
Total	[1]	77,788,438	92,279,322
Recurring [Member] \| Corporate Notes [Member] \| Level 2 [Member]
Cash and cash equivalents:
Total	[1]	77,788,438	92,279,322
Recurring [Member] \| Exchange Membership [Member]
Cash and cash equivalents:
Total		51,000	62,500
Recurring [Member] \| Exchange Membership [Member] \| Level 2 [Member]
Cash and cash equivalents:
Total		$ 51,000	$ 62,500

[1]	See the condensed schedule of investments for further description.

Derivative Instruments Disclo_3

Derivative Instruments Disclosures (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	$ 8,169,982	$ 187,200
Net open future options contracts	150,900
Net unrealized gain (loss) on open forward currency contracts	(17,929)	(189,715)
Not Designated as Hedging Instrument [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	8,169,982	187,200
Net unrealized gain (loss) on open forward currency contracts	(17,929)	(189,715)
Not Designated as Hedging Instrument [Member] \| Agricultural Commodities [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	2,062,772	(268,526)
Not Designated as Hedging Instrument [Member] \| Currencies [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	218,778	(50,916)
Not Designated as Hedging Instrument [Member] \| Energy [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	462,894	1,145,716
Not Designated as Hedging Instrument [Member] \| Equity Indices [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	2,728,664	1,105,904
Net open future options contracts	150,900
Not Designated as Hedging Instrument [Member] \| Interest Rate Instruments [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	574,130	(2,254,220)
Not Designated as Hedging Instrument [Member] \| Metals [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	2,122,341	356,800
Not Designated as Hedging Instrument [Member] \| Single Stock Futures [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	403	152,442
Not Designated as Hedging Instrument [Member] \| Assets [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	16,132,123	14,755,744
Net unrealized gain (loss) on open forward currency contracts	3,468,798	1,810,575
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Agricultural Commodities [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	2,470,055	495,307
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Currencies [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	361,197	1,281,520
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Energy [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	744,460	1,418,955
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Equity Indices [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	3,161,199	1,802,335
Net open future options contracts	264,100
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Interest Rate Instruments [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	1,141,875	355,541
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Metals [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	8,252,934	9,213,100
Not Designated as Hedging Instrument [Member] \| Assets [Member] \| Single Stock Futures [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	403	188,986
Not Designated as Hedging Instrument [Member] \| Liabilities [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	(7,962,141)	(14,568,544)
Net unrealized gain (loss) on open forward currency contracts	(3,486,727)	(2,000,290)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Agricultural Commodities [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	(407,283)	(763,833)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Currencies [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	(142,419)	(1,332,436)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Energy [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	(281,566)	(273,239)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Equity Indices [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	(432,535)	(696,431)
Net open future options contracts	(113,200)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Interest Rate Instruments [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	(567,745)	(2,609,761)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Metals [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts	$ (6,130,593)	(8,856,300)
Not Designated as Hedging Instrument [Member] \| Liabilities [Member] \| Single Stock Futures [Member]
Equity in broker trading accounts:
Net unrealized gain (loss) on open futures contracts		$ (36,544)

Derivative Instruments Disclo_4

Derivative Instruments Disclosures (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount	$ 129,604,378
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount of Assets in the Statement of Financial Condition	8,302,953	$ (2,515)
Net Amount	8,302,953	(2,515)
Deutsche Bank AG [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount of Assets in the Statement of Financial Condition	635,784	(173,480)
Net Amount	635,784	(173,480)
Deutsche Bank Securities, Inc. [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount of Assets in the Statement of Financial Condition	1,914,073	(223,065)
Net Amount	1,914,073	(223,065)
JP Morgan Securities, LLC [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount of Assets in the Statement of Financial Condition	128,687	548,538
Net Amount	128,687	548,538
SG Americas Securities, LLC [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount of Assets in the Statement of Financial Condition	5,624,409	(165,943)
Net Amount	$ 5,624,409	(165,943)
Societe Generale International Limited [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Amount of Assets in the Statement of Financial Condition		11,435
Net Amount		$ 11,435

Derivative Instruments Disclo_5

Derivative Instruments Disclosures (Details 2) - USD ($)	12 Months Ended
Derivative Instruments Disclosures (Details 2) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Net change in unrealized gain (loss)	$ (8,305,468)	$ 2,305,685	$ 8,529,763
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	(7,991,471)	20,940,316	10,074,104
Net change in unrealized gain (loss), future contracts	7,982,782	(1,960,912)	(6,782,305)
Net realized gain (loss), future options contracts	446,632
Net change in unrealized gain (loss), future options contracts	(157,775)
Net realized gain (loss), forward currency contracts	(4,113,043)	680,518	(1,375,239)
Net change in unrealized gain (loss), forward currency contracts	171,786	(344,773)	(1,747,458)
Net realized gain (loss)	(11,657,882)	21,620,834	8,698,865
Net change in unrealized gain (loss)	7,996,793	(2,305,685)	(8,529,763)
Not Designated as Hedging Instrument [Member] \| Agricultural Commodities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	(1,585,826)	(2,676,743)	(2,561,835)
Net change in unrealized gain (loss), future contracts	2,331,298	(1,144,375)	(89,298)
Not Designated as Hedging Instrument [Member] \| Currencies [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	(2,732,086)	(475,972)	(788,025)
Net change in unrealized gain (loss), future contracts	269,693	161,853	(912,945)
Not Designated as Hedging Instrument [Member] \| Energy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	7,186,515	(8,168,871)	14,523,103
Net change in unrealized gain (loss), future contracts	(682,821)	582,233	(3,362,912)
Not Designated as Hedging Instrument [Member] \| Equity Indices [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	(27,524,737)	9,018,161	(4,387,205)
Net change in unrealized gain (loss), future contracts	1,622,759	1,474,506	(2,541,388)
Net change in unrealized gain (loss), future options contracts	(157,775)
Not Designated as Hedging Instrument [Member] \| Interest Rate Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	12,327,898	23,349,604	1,473,055
Net change in unrealized gain (loss), future contracts	2,828,350	(3,969,669)	3,062,855
Net realized gain (loss), future options contracts	446,632
Not Designated as Hedging Instrument [Member] \| Metals [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	3,809,617	(380,443)	1,917,247
Net change in unrealized gain (loss), future contracts	1,765,542	797,346	(2,919,410)
Not Designated as Hedging Instrument [Member] \| Single Stock Futures [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss), future contracts	527,148	274,580	(102,236)
Net change in unrealized gain (loss), future contracts	$ (152,039)	$ 137,194	$ (19,207)

Derivative Instruments Disclo_6

Derivative Instruments Disclosures (Details Narrative) - Number	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Number of futures contracts open	15,961	24,843
Number of open futures options contracts	476
Number of forward currency contracts open	4,292	4,249
Number of futures contracts closed	558,733	988,640	1,846,304
Number of open futures options contracts closed	3,700	0	0
Number of forward currency contracts closed	353,527	1,141,483	449,669

General Partner (Details Narrat

General Partner (Details Narrative) - General Partner [Member]	12 Months Ended
	Dec. 31, 2020
Description of admistrative expenses payable fee	Equal to 1/12th of 0.45% of the month-end net asset value
Description of terms of partnership agreement	Each year the General Partner receives from the Fund 1% of any net income earned by the Fund. Conversely, the General Partner pays to the Fund 1% of any net loss incurred by the Fund. Such amounts are reflected as General Partner 1% allocation receivable or payable in the statements of financial condition and as General Partner 1% allocation in the statements of operations.
Class A [Member]
Description of management fee	Equal to 1/12th of 1.5% of the month-end net asset value
Percentage of management fees	1.50%
Description of selling agent fees	Equal to 1/12th of 2% of the month-end net asset value
Class A2 [Member]
Description of management fee	Equal to 1/12th of 1.5% of the month-end net asset value.
Percentage of management fees	1.50%
Description of selling agent fees	sales commission of up to 3% of the offering price and a 0.6% per annum selling agent fee.
Class A3 [Member]
Description of management fee	Equal to 1/12th of 1.5% of the month-end net asset value.
Percentage of management fees	1.50%
Description of selling agent fees	sales commission of up to 2% of the offering price and a 0.75% per annum selling agent fee.
Class B [Member]
Description of management fee	Equal to 1/12th of 1.5% of the month-end net asset value.
Percentage of management fees	1.50%
Description of broker dealer servicing fee	Equal to 1/12th of 0.2% of the month-end net asset value
Class R [Member]
Description of management fee	Equal to 1/12th of 1.5% of the month-end net asset value.
Percentage of management fees	1.50%
Class I [Member]
Description of management fee	Equal to 1/12th of 0.75% of the month-end net asset value.
Percentage of management fees	0.75%
Description of performance fee	Equal to 7.5% of any Net New Trading Profits of the Class I Units calculated monthly.

Trading Advisors and Cash Man_2

Trading Advisors and Cash Managers (Details Narrative)	12 Months Ended
Trading Advisors and Cash Managers (Details Narrative)	Dec. 31, 2020	Dec. 31, 2019
Cash Managers [Member]
Cash management services	0.15%	0.11%
Minimum [Member] \| Trading Advisor [Member]
Management fee	0.00%
Incentive fee	0.00%
Maximum [Member] \| Trading Advisor [Member]
Management fee	3.00%
Incentive fee	30.00%

Deposits with Brokers (Details

Deposits with Brokers (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deposits With Brokers
Fund assets	$ 52,822,150	$ 64,812,058
Margin deposit assets	$ 31,615,705	$ 40,682,048

Subscriptions, Distributions _2

Subscriptions, Distributions and Redemptions (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Capital Unit [Line Items]
Subscriptions received in advance	$ 33,000	$ 266,000
Class A [Member]
Capital Unit [Line Items]
Minimum investment amount	10,000
Class A2 [Member]
Capital Unit [Line Items]
Minimum investment amount	10,000
Class A3 [Member]
Capital Unit [Line Items]
Minimum investment amount	10,000
Class B [Member]
Capital Unit [Line Items]
Minimum investment amount	10,000
Class R [Member]
Capital Unit [Line Items]
Minimum investment amount	10,000
Class I [Member]
Capital Unit [Line Items]
Minimum investment amount	$ 2,000,000

Trading Activities and Relate_3

Trading Activities and Related Risks (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Total debt securities and certificates of deposit	$ 119,837,286	$ 162,552,581
% of Partners' Capital (Net Asset Value) (in percent)	69.50%	65.47%
Japan [Member]
Total debt securities and certificates of deposit		$ 1,298,263
% of Partners' Capital (Net Asset Value) (in percent)		0.52%
Norway [Member]
Total debt securities and certificates of deposit		$ 1,496,596
% of Partners' Capital (Net Asset Value) (in percent)		0.60%
United States [Member]
Total debt securities and certificates of deposit	$ 99,600,702	$ 130,740,015
% of Partners' Capital (Net Asset Value) (in percent)	57.76%	52.66%
Canada [Member]
Total debt securities and certificates of deposit	$ 2,399,177	$ 5,495,622
% of Partners' Capital (Net Asset Value) (in percent)	1.39%	2.22%
United Kingdom [Member]
Total debt securities and certificates of deposit	$ 2,399,851	$ 4,198,103
% of Partners' Capital (Net Asset Value) (in percent)	1.39%	1.69%
Denmark [Member]
Total debt securities and certificates of deposit		$ 5,539,634
% of Partners' Capital (Net Asset Value) (in percent)		2.23%
Hong Kong [Member]
Total debt securities and certificates of deposit	$ 4,000,771	$ 4,003,233
% of Partners' Capital (Net Asset Value) (in percent)	2.32%	1.61%
Luxumbourg [Member]
Total debt securities and certificates of deposit		$ 2,259,476
% of Partners' Capital (Net Asset Value) (in percent)		0.91%
Netherlands [Member]
Total debt securities and certificates of deposit		$ 2,507,384
% of Partners' Capital (Net Asset Value) (in percent)		1.01%
Ireland [Member]
Total debt securities and certificates of deposit	$ 2,399,845	$ 5,014,255
% of Partners' Capital (Net Asset Value) (in percent)	1.39%	2.02%
Sweden [Member]
Total debt securities and certificates of deposit	$ 1,199,597
% of Partners' Capital (Net Asset Value) (in percent)	0.70%
Finland [Member]
Total debt securities and certificates of deposit	$ 3,038,160
% of Partners' Capital (Net Asset Value) (in percent)	1.76%
Singapore [Member]
Total debt securities and certificates of deposit	$ 1,199,740
% of Partners' Capital (Net Asset Value) (in percent)	0.70%
Australia [Member]
Total debt securities and certificates of deposit	$ 3,599,443
% of Partners' Capital (Net Asset Value) (in percent)	2.09%
Commercial Paper [Member]
Total debt securities and certificates of deposit	$ 21,596,100	$ 32,964,810
% of Partners' Capital (Net Asset Value) (in percent)	12.52%	13.27%
Commercial Paper [Member] \| Japan [Member]
Total debt securities and certificates of deposit		$ 1,298,263
Commercial Paper [Member] \| Norway [Member]
Total debt securities and certificates of deposit		1,496,596
Commercial Paper [Member] \| United States [Member]
Total debt securities and certificates of deposit	$ 8,398,447	18,976,795
Commercial Paper [Member] \| Canada [Member]
Total debt securities and certificates of deposit	2,399,177	5,495,622
Commercial Paper [Member] \| United Kingdom [Member]
Total debt securities and certificates of deposit	2,399,851	4,198,103
Commercial Paper [Member] \| Ireland [Member]
Total debt securities and certificates of deposit	2,399,845	1,499,431
Commercial Paper [Member] \| Sweden [Member]
Total debt securities and certificates of deposit	1,199,597
Commercial Paper [Member] \| Singapore [Member]
Total debt securities and certificates of deposit	1,199,740
Commercial Paper [Member] \| Australia [Member]
Total debt securities and certificates of deposit	3,599,443
U.S. Treasury Securities [Member]
Total debt securities and certificates of deposit	$ 12,228,514	$ 26,617,666
% of Partners' Capital (Net Asset Value) (in percent)	7.10%	10.72%
U.S. Treasury Securities [Member] \| United States [Member]
Total debt securities and certificates of deposit	$ 12,228,514	$ 26,617,666
Corporate Notes [Member]
Total debt securities and certificates of deposit	$ 77,788,438	$ 92,279,322
% of Partners' Capital (Net Asset Value) (in percent)	45.11%	37.17%
Corporate Notes [Member] \| United States [Member]
Total debt securities and certificates of deposit	$ 70,749,507	$ 74,454,771
Corporate Notes [Member] \| Denmark [Member]
Total debt securities and certificates of deposit		5,539,634
Corporate Notes [Member] \| Hong Kong [Member]
Total debt securities and certificates of deposit	4,000,771	4,003,233
Corporate Notes [Member] \| Luxumbourg [Member]
Total debt securities and certificates of deposit		2,259,476
Corporate Notes [Member] \| Netherlands [Member]
Total debt securities and certificates of deposit		2,507,384
Corporate Notes [Member] \| Ireland [Member]
Total debt securities and certificates of deposit		3,514,824
Corporate Notes [Member] \| Finland [Member]
Total debt securities and certificates of deposit	3,038,160
U.S. Asset Backed Securities [Member]
Total debt securities and certificates of deposit	$ 8,224,234	$ 10,690,783
% of Partners' Capital (Net Asset Value) (in percent)	4.77%	4.31%
U.S. Asset Backed Securities [Member] \| United States [Member]
Total debt securities and certificates of deposit	$ 8,224,234	$ 10,690,783

Financial Highlights (Details)

Financial Highlights (Details) - $ / shares		12 Months Ended
Financial Highlights (Details) - $ / shares		Dec. 31, 2020	Dec. 31, 2019		Dec. 31, 2018
Class A [Member]
Per Unit Operating Performance
Net asset value per unit at beginning of period (in dollars per unit)		$ 4,002.39	$ 3,911.85		$ 4,146.91
Net realized and change in unrealized gain (loss) on investments	[1]	(24.30)	256.20		(84.38)
Net investment income (loss)	[1]	(159.14)	(165.66)		(150.68)
Total income (loss) from operations		(183.44)	90.54		(235.06)
Net asset value per unit at end of period (in dollars per unit)		$ 3,818.95	$ 4,002.39		$ 3,911.85
Total return		(4.58%)	2.31%		(5.67%)
Ratios to average net asset value
Expenses prior to General Partner 1% allocation	[2]	5.64%	6.87%		5.62%
General Partner 1% allocation		(0.06%)	0.02%		(0.06%)
Net total expenses		5.58%	6.89%		5.56%
Net investment income (loss)	[2],[3]	(4.41%)	(4.13%)		(3.78%)
Class A2 [Member]
Per Unit Operating Performance
Net asset value per unit at beginning of period (in dollars per unit)		$ 1,034.04	$ 996.71	[4]	$ 1,000	[4]
Net realized and change in unrealized gain (loss) on investments	[1]	(4.76)	63.88		(1.80)	[4]
Net investment income (loss)	[1]	(28.83)	(26.55)		(1.49)	[4]
Total income (loss) from operations		(33.59)	37.33		(3.29)	[4]
Net asset value per unit at end of period (in dollars per unit)		$ 1,000.45	$ 1,034.04		$ 996.71	[4]
Total return		(3.25%)	3.75%		(0.33%)	[4]
Ratios to average net asset value
Expenses prior to General Partner 1% allocation	[2]	4.30%	5.58%		0.54%	[4]
General Partner 1% allocation		(0.03%)	0.05%		0.00%	[4]
Net total expenses		4.27%	5.63%		0.54%	[4]
Net investment income (loss)	[2],[3]	(3.07%)	(2.51%)		(0.15%)	[4]
Class A3 [Member]
Per Unit Operating Performance
Net asset value per unit at beginning of period (in dollars per unit)	[5]	$ 1,005.25	$ 1,000
Net realized and change in unrealized gain (loss) on investments	[1]	(5.17)	12.50	[5]
Net investment income (loss)	[1]	(28.93)	(7.25)	[5]
Total income (loss) from operations		(34.10)	5.25	[5],[6]
Net asset value per unit at end of period (in dollars per unit)		$ 971.15	$ 1,005.25	[5]	$ 1,000	[5]
Total return		(3.39%)	0.53%	[5]
Ratios to average net asset value
Expenses prior to General Partner 1% allocation	[2]	4.29%	2.70%	[5]
General Partner 1% allocation		(0.04%)	(0.03%)	[5]
Net total expenses		4.25%	2.67%	[5]
Net investment income (loss)	[2],[3]	(3.10%)	(0.78%)	[5]
Class B [Member]
Per Unit Operating Performance
Net asset value per unit at beginning of period (in dollars per unit)		$ 6,268.44	$ 6,018.20		6,266.93
Net realized and change in unrealized gain (loss) on investments	[1]	(35.27)	397.19		(129.61)
Net investment income (loss)	[1]	(144.25)	(146.95)		(119.12)
Total income (loss) from operations		(179.52)	250.24		(248.73)
Net asset value per unit at end of period (in dollars per unit)		$ 6,088.92	$ 6,268.44		$ 6,018.20
Total return		(2.86%)	4.16%		(3.97%)
Ratios to average net asset value
Expenses prior to General Partner 1% allocation	[2]	3.81%	5.06%		3.81%
General Partner 1% allocation		(0.05%)	0.04%		(0.04%)
Net total expenses		3.76%	5.10%		3.77%
Net investment income (loss)	[2],[3]	(2.56%)	(2.33%)		(1.97%)
Class I [Member]
Per Unit Operating Performance
Net asset value per unit at beginning of period (in dollars per unit)		$ 1,043.79	$ 992.59		$ 1,023.37
Net realized and change in unrealized gain (loss) on investments	[1]	(9.60)	66.35		(21.82)
Net investment income (loss)	[1]	(10.70)	(15.15)		(8.96)
Total income (loss) from operations		(20.30)	51.20		(30.78)
Net asset value per unit at end of period (in dollars per unit)		$ 1,023.49	$ 1,043.79		$ 992.59
Total return		(1.94%)	5.16%		(3.01%)
Ratios to average net asset value
Expenses prior to General Partner 1% allocation	[2]	3.02%	4.14%		2.76%
General Partner 1% allocation		(0.17%)	0.04%		(0.03%)
Net total expenses		2.85%	4.18%		2.73%
Net investment income (loss)	[2],[3]	(1.41%)	(1.45%)		(0.92%)
Class R [Member]
Per Unit Operating Performance
Net asset value per unit at beginning of period (in dollars per unit)		$ 1,042.42	$ 998.83		$ 1,038.05
Net realized and change in unrealized gain (loss) on investments	[1]	(5.02)	65.24		(21.91)
Net investment income (loss)	[1]	(22.82)	(21.65)		(17.31)
Total income (loss) from operations		(27.84)	43.59		(39.22)
Net asset value per unit at end of period (in dollars per unit)		$ 1,014.58	$ 1,042.42		$ 998.83
Total return		(2.67%)	4.36%		(3.78%)
Ratios to average net asset value
Expenses prior to General Partner 1% allocation	[2]	3.71%	4.82%		3.60%
General Partner 1% allocation		(0.05%)	0.04%		(0.04%)
Net total expenses		3.66%	4.86%		3.56%
Net investment income (loss)	[2],[3]	(2.45%)	(2.06%)		(1.73%)

[1]	The net investment income (loss) per unit is calculated by dividing the net investment income (loss) by the average number of Class A, A2, B, I or R Units outstanding during the period. Net realized and change in unrealized gain (loss) on investments is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. Such balancing amount may differ from the calculation of net realized and change in unrealized gain (loss) on investment per unit due to the timing of investment gains and losses during the period relative to the number of units outstanding.
[2]	The net investment income (loss) includes interest income and excludes net realized and net change in unrealized gain (loss) from investment activities as shown in the statements of operations. The total amount is then reduced by all expenses, excluding brokerage commissions, which are included in net investment gain (loss) in the statements of operations. The resulting amount is divided by the average net asset value for the period.
[3]	Ratio excludes General Partner 1% allocation.
[4]	Class A2 Units were introduced in December 2018. Total return for 2018 is for the period from introduction to year end and is not annualized.
[5]	Class A3 Units were introduced in July 2019. Total return for 2019 is for the period from introduction to year end and is not annualized.
[6]	Inception date: July 1, 2019

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Mar. 25, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Contributions		$ 1,122,252	$ 11,693,956	$ 6,543,533
Subsequent Event [Member]
Contributions	$ 169,000
Redemption of fund	$ 6,246,025