Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2019

Financial highlights for the limited partner classes as a whole for the three months ended March 31, 2019 and 2018 were as follows:


	Three Months Ended March 31,
	2019									2018
Per Redeemable Unit Performance (for a unit outstanding throughout the period):*	Class A			Class D			Class Z			Class A			Class D			Class Z
Net realized and unrealized gains (losses)	$	14.80		$	14.53		$	15.13		$	(49.54)		$	(47.91)		$	(49.11)
Net investment loss		(8.90)			(4.73)			(2.44)			(12.63)			(8.00)			(6.00)

Increase (decrease) for the period		5.90			9.80			12.69			(62.17)			(55.91)			(55.11)
Net asset value per Redeemable Unit, beginning of period		1,313.04			1,281.77			1,330.76			1,394.29			1,344.14			1,385.07

Net asset value per Redeemable Unit, end of period	$	1,318.94		$	1,291.57		$	1,343.45		$	1,332.12		$	1,288.23		$	1,329.96


	Three Months Ended March 31,
	2019									2018
	Class A			Class D			Class Z			Class A			Class D			Class Z
Ratios to Average Limited Partners’ Capital:**
Net investment loss***		(2.8)	%		(1.5)	%		(0.7)	%		(3.7)	%		(2.4)	%		(1.7)	%


Operating expenses		5.0	%		3.7	%		2.9	%		5.1	%		3.7	%		3.0	%
Incentive fees		-	%		-	%		-	%		-	%		-	%		-	%

Total expenses		5.0	%		3.7	%		2.9	%		5.1	%		3.7	%		3.0	%


Total return:
Total return before incentive fees		0.4	%		0.8	%		1.0	%		(4.5)	%		(4.2)	%		(4.0)	%
Incentive fees		-	%		-	%		-	%		-	%		-	%		-	%

Total return after incentive fees		0.4	%		0.8	%		1.0	%		(4.5)	%		(4.2)	%		(4.0)	%

Net investment loss per Redeemable Unit is calculated by dividing the interest income less total expenses 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 (except for incentive fees).

***	Interest income allocated from the Master less total expenses.

CMF Winton Master L.P. [Member]

Financial Highlights

Financial Highlights of the Master:


	Three Months Ended March 31,
	2019			2018
Per Redeemable Unit Performance (for a unit outstanding throughout the period):*
Net realized and unrealized gains (losses)	$	46.62		$	(150.65)
Net investment income (loss)		20.65			11.95

Increase (decrease) for the period		67.27			(138.70)
Distribution of interest income to feeder funds		(21.31)			(12.27)
Net asset value per Redeemable Unit, beginning of period		4,084.22			4,198.97

Net asset value per Redeemable Unit, end of period	$	4,130.18		$	4,048.00


	Three Months Ended March 31,
	2019			2018
Ratios to Average Limited Partners’ Capital:**
Net investment income (loss)***		2.1	%		1.1	%

Operating expenses		0.1	%		0.2	%

Total return		1.6	%		(3.3)	%

Net investment income (loss) per Redeemable Unit is calculated by dividing the interest income less total expenses 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.

***	Interest income less total expenses.

CERES ABINGDON L.P. 10-Q