Financial Highlights - USD ($)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Per share operating performance:

Members' capital per unit, beginning of year

^[1]

$ 1,100.03

$ 1,126.62

$ 1,185.36

Income from investment operations:

Net investment income/(loss)

^[1]

(46.90)

(42.69)

(48.89)

Net realized and unrealized gain/(loss) from investment activities

^[1]

(242.15)

16.10

(9.85)

Total from investment operations

^[1]

(289.05)

(26.59)

(58.74)

Members' capital per unit, end of year

^[1]

$ 810.98

$ 1,100.03

$ 1,126.62

Ratio/Supplemental Data:

Ratio of net investment income/(loss) to average Members' capital

^[2]

(5.24%)

(3.81%)

(4.23%)

Ratio of operating expenses to average Members' capital before incentive fee

^[2]

6.25%

6.09%

5.93%

Ratio of incentive fee to average Members' capital

^[2]

0.18%

Ratio of operating expenses to average Members' capital after incentive fee

^[2]

6.25%

6.09%

6.11%

Total return before incentive fee

^[3]

(26.28%)

(2.36%)

(4.78%)

Incentive fee

^[3]

(0.18%)

Total return after incentive fee

^[3]

(26.28%)

(2.36%)

(4.96%)

Members' capital at end of year

$ 33,949,966

$ 99,746,345

$ 162,308,934

[1]	Per share operating performance is calculated on a monthly basis by dividing each line item by the outstanding units at month- end prior to the reduction of redeemed units.
[2]	The average members’ capital used in the above ratios is calculated by using monthly members’ capital after period-end withdrawals. Ratios include the Fund’s share of income and expense allocated from the Master Fund.
[3]	Total return assumes a purchase of an interest in the Fund at the beginning of the year and a sale of the Fund interest on the last day of the year noted. Total return is reflected after all investment-related and operating expenses, including the Advisory and Administrative fees.

Cavendish Futures Fund LLC 10-K