FAIR VALUE OF INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of unrealized profit (loss) on open forwards and futures contracts by the fair value hierarchy levels

2017

Net unrealized profit (loss)
on open contracts	Total		Level I		Level II		Level III

Assets
Futures	$	4,494,939	$	3,651,733	$	843,206	$	—
Forwards	3,290,984		—		3,290,984		—

	$	7,785,923	$	3,651,733	$	4,134,190	$	—


Liabilities
Futures	$	3,153,548	$	2,795,267	$	358,281	$	—
Forwards	3,660,942		—		3,660,942		—

	$	6,814,490	$	2,795,267	$	4,019,223	$	—


December 31, 2017	$	971,433	$	856,466	$	114,967	$	—

2016

Net unrealized profit (loss)
on open contracts	Total		Level I		Level II			Level III

Assets
Futures	$	3,315,560	$	2,983,356	$	332,204		$	—
Forwards	2,545,779		—		2,545,779			—

	$	5,861,339	$	2,983,356	$	2,877,983		$	—


Liabilities
Futures	$	2,688,443	$	1,527,806	$	1,160,637		$	—
Forwards	2,166,697		—		2,166,697			—

	$	4,855,140	$	1,527,806	$	3,327,334		$	—


December 31, 2016	$	1,006,199	$	1,455,550	$	(449,351	)	$	—

Schedule of the trading profits and losses before brokerage commissions, by commodity industry sector

Commodity Industry	December 31, 2017			December 31, 2016			December 31, 2015
Sector	Profit (loss) from trading, net			Profit (loss) from trading, net			Profit (loss) from trading, net

Agriculture	$	(770,323	)	$	(1,718,410	)	$	(289,165	)
Currencies	(5,205,770		)	(3,070,410		)	(1,828,505		)
Energy	17,351			(2,525,031		)	14,394,708
Interest rates	(5,282,072		)	3,289,912			(766,755		)
Metals	491,018			(3,171,775		)	5,920,577
Stock indices	11,981,708			(24,248		)	(862,493		)


Total, net	$	1,231,912		$	(7,219,962	)	$	16,568,367

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Aspect FuturesAccess LLC 10-K