Investment in Funds (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Total Assets, Liabilities and Capital

Summarized information reflecting the total assets, liabilities and capital of the Funds is shown in the following tables.


	March 31, 2013
	Total Assets		Total Liabilities		Total Capital
Willowbridge Master	$	86,930,324	$	642,455	$	86,287,869
Graham Master		73,666,855		960,767		72,706,088
Eckhardt Master		21,891,929		957,900		20,934,029

Total	$	182,489,108	$	2,561,122	$	179,927,986


	December 31, 2012
	Total Assets		Total Liabilities		Total Capital
Willowbridge Master	$	39,742,467	$	485,385	$	39,257,082
Graham Master		85,313,676		377,625		84,936,051
Eckhardt Master		18,542,577		112,971		18,429,606
SandRidge Master		294,670,281		2,521,288		292,148,993

Total	$	438,269,001	$	3,497,269	$	434,771,732

Summary of Net Investment Income (Loss), Total Trading Results and Net Income (Loss)

Summarized information reflecting the net investment income (loss), total trading results and net income (loss) for the Funds is shown in the following tables.


	For the three months ended March 31, 2013
	Net Investment Income (Loss)			Total Trading Results			Net Income (Loss)
Willowbridge Master	$	(109,276	)	$	2,076,675		$	1,967,399
Graham Master		(72,893	)		7,535,558			7,462,665
Eckhardt Master		(42,912	)		614,370			571,458
SandRidge Master		(68,488	)		129,650			61,162

Total	$	(293,569	)	$	10,356,253		$	10,062,684


	For the three months ended March 31, 2012
	Net Investment Income (Loss)			Total Trading Results			Net Income (Loss)
Willowbridge Master	$	(24,293	)	$	(2,080,068	)	$	(2,104,361	)
Graham Master		(154,873	)		3,061,669			2,906,796
Eckhardt Master		(50,920	)		245,610			194,690
SandRidge Master		(232,244	)		49,569,214			49,336,970

Total	$	(462,330	)	$	50,796,425		$	50,334,095

Summary of Partnership's Investment in, and the Operations of Funds

Summarized information reflecting the Partnership’s investment in, and the operations of, the Funds is shown in the following tables.


	March 31, 2013					For the three months ended March 31, 2013
	% of Partnership’s			Fair		Income			Expenses				Net Income			Investment	Redemptions
Funds	Net Assets			Value		(Loss)			Brokerage Fees		Other		(Loss)			Objective	Permitted
Willowbridge Master		47.21	%	$	8,668,217	$	164,396		$	8,868	$	2,715	$	152,813		Commodity Portfolio	Monthly
Graham Master		16.56	%		3,041,059		289,115			2,242		718		286,155		Commodity Portfolio	Monthly
Eckhardt Master		37.44	%		6,872,911		171,486			8,311		5,906		157,269		Commodity Portfolio	Monthly
SandRidge Master		0.00	%		—		2,699			295		1,214		1,190		Energy Portfolio	Monthly

Total				$	18,582,187	$	627,696		$	19,716	$	10,553	$	597,427


	December 31, 2012					For the three months ended March 31, 2012
	% of Partnership’s			Fair		Income			Expenses				Net Income			Investment	Redemptions
Funds	Net Assets			Value		(Loss)			Brokerage Fees		Other		(Loss)			Objective	Permitted
Willowbridge Master		15.28	%	$	2,832,717	$	(139,997	)	$	649	$	1,172	$	(141,818	)	Commodity Portfolio	Monthly
Graham Master		14.62	%		2,711,863		89,843			4,430		446		84,967		Commodity Portfolio	Monthly
Eckhardt Master		25.62	%		4,751,594		62,774			8,997		4,663		49,114		Commodity Portfolio	Monthly
SandRidge Master		9.38	%		1,738,721		358,189			1,290		560		356,339		Energy Portfolio	Monthly

Total				$	12,034,895	$	370,809		$	15,366	$	6,841	$	348,602

DIVERSIFIED MULTI-ADVISOR FUTURES FUND L.P. II 10-Q