FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2013

Partnerships Assets and Liabilities Accounted for at Fair Value

The following tables summarize the Partnership’s assets and liabilities accounted for at fair value at December 31, 2013 and 2012 using the fair value hierarchy. Fair value is presented on a gross basis even though certain assets and liabilities qualify for net presentation in the statements of financial condition.

	December 31, 2013
Description	Level 1		Level 2		Level 3		Total

Assets
Futures contracts
Agricultural	$	150,603	$	0	$	0	$	150,603
Energy		63,435		0		0		63,435
Interest rates		490,611		0		0		490,611
Metals		212,254		0		0		212,254

Total futures contracts		916,903		0		0		916,903

U.S. Treasury bills		0		40,493,221		0		40,493,221

Total assets	$	916,903	$	40,493,221	$	0	$	41,410,124

Liabilities
Futures contracts
Agricultural	$	(206,693)	$	0	$	0	$	(206,693)
Currencies		(331,125)		0		0		(331,125)
Energy		(162,954)		0		0		(162,954)
Metals		(807,863)		0		0		(807,863)

Total liabilities	$	(1,508,635)	$	0	$	0	$	(1,508,635)

	December 31, 2012
Description	Level 1		Level 2		Level 3		Total

Assets
Futures contracts
Agricultural	$	75,410	$	0	$	0	$	75,410
Currencies		770,520		0		0		770,520
Energy		720,459		0		0		720,459
Metals		185,207		0		0		185,207

Total futures contracts		1,751,596		0		0		1,751,596

U.S. Treasury bills		0		60,984,852		0		60,984,852

Total assets	$	1,751,596	$	60,984,852	$	0	$	62,736,448

Liabilities
Futures contracts
Agricultural	$	(1,910,237)	$	0	$	0	$	(1,910,237)
Currencies		(298,925)		0		0		(298,925)
Energy		(22,624)		0		0		(22,624)
Metals		(2,716,059)		0		0		(2,716,059)

Total liabilities	$	(4,947,845)	$	0	$	0	$	(4,947,845)

- 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

AIS FUTURES FUND IV LP 10-K