Financial Highlights

6 Months Ended

Jun. 30, 2016

3.	Financial Highlights:

Financial highlights for the Limited Partner Classes as a whole for the three and six months ended June 30, 2016 and 2015 were as follows:


	Three Months Ended						Three Months Ended						Six Months Ended						Six Months Ended
	June 30, 2016						June 30, 2015						June 30, 2016						June 30, 2015
	Class A			Class Z			Class A			Class Z			Class A			Class Z			Class A			Class Z
Per Redeemable Unit Performance (for a unit outstanding throughout the period):*
Net realized and unrealized gains (losses)	$	56.72		$	39.76		$	(51.15)		$	(35.12)		$	49.99		$	35.56		$	12.29		$	8.15
Net investment loss		(19.04)			(9.15)			(20.38)			(9.51)			(39.57)			(19.80)			(41.06)			(18.99)

Increase (decrease) for the period		37.68			30.61			(71.53)			(44.63)			10.42			15.76			(28.77)			(10.84)
Net asset value per Redeemable Unit, beginning of period		1,176.77			822.84			1,347.73			923.66			1,204.03			837.69			1,304.97			889.87

Net asset value per Redeemable Unit, end of period	$	1,214.45		$	853.45		$	1,276.20		$	879.03		$	1,214.45		$	853.45		$	1,276.20		$	879.03


	Three Months Ended						Three Months Ended						Six Months Ended						Six Months Ended
	June 30, 2016						June 30, 2015						June 30, 2016						June 30, 2015
	Class A			Class Z			Class A			Class Z			Class A			Class Z			Class A			Class Z

Ratios to Average Limited Partners’ Capital:**
Net investment loss***		(6.5)	%		(4.4)	%		(6.3)	%		(4.2)	%		(6.8)	%		(4.1)	%		(6.3)	%		(4.3)	%

Operating expenses		6.6	%		4.5	%		6.3	%		4.2	%		6.9	%		4.2	%		6.3	%		4.3	%
Incentive fees		-			-			-			-			-			-			-			-

Total expenses		6.6	%		4.5	%		6.3	%		4.2	%		6.9	%		4.2	%		6.3	%		4.3	%


Total return:
Total return before incentive fees		3.2	%		3.7	%		(5.3)	%		(4.8)	%		0.9	%		1.9	%		(2.2)	%		(1.2)	%
Incentive fees		-			-			-			-			-			-			-			-

Total return after incentive fees		3.2	%		3.7	%		(5.3)	%		(4.8)	%		0.9	%		1.9	%		(2.2)	%		(1.2)	%

Net investment loss per Redeemable Unit is calculated by dividing the expenses net of interest income by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information.

**	Annualized (other than incentive fees).

***	Interest income less total expenses.

The above ratios and total return may vary for individual investors based on the timing of capital transactions during the period. Additionally, these ratios are calculated for the Limited Partner Classes using the Limited Partners’ share of income, expenses and average partners’ capital and exclude the income and expenses of the Funds.

COMMODITY ADVISORS FUND L.P. 10-Q