ADVISORY CONTRACT	6 Months Ended
Jun. 30, 2023
Advisory Contract
ADVISORY CONTRACT	*NOTE 4 - ADVISORY CONTRACT* The Partnership's trading activities are conducted pursuant to an advisory contract with Winton Capital Management, Ltd. (“Advisor”). The Partnership pays the Advisor a quarterly incentive fee of 20% of the trading profits (as defined in the Agreement). However, the quarterly incentive fee is payable only on cumulative profits achieved from commodity trading (as defined in the Agreement), calculated separately for each partner’s interest (as defined in the Agreement). The incentive fee is accrued on a monthly basis and paid quarterly. Total incentive fees earned by the Advisor for the three and six months ended June 30, 2023 and 2022 are shown on the Statements of Income (Loss). Interest holders will be assessed a monthly advisory fee paid to the Advisor of 0.083% of the management fee net asset value of each holder’s month-end capital account balance (1.00% annually), with the exception of Original Class A Interests. In addition, the General Partner has assigned a portion of its management fees earned to the Advisor. For the three and six months ended June 30, 2023, advisory fees for Class A were $17,976 and $36,948, respectively, advisory fee for Class B Interests were $15,110 and $30,645, respectively, advisory fee for Original Class B Interests were $1,601 and $3,439, respectively, advisory fee for Institutional Interests were $2,217 and $5,409, respectively and advisory fee for General Partner’s Interest were $9 and $12, respectively. For the three and six months ended June 30, 2022, advisory fee for Class A Interests were $23,209 and $48,259, respectively, advisory fee for Class B Interests were $17,094 and $32,541, respectively, advisory fee for Original Class B Interests were $2,214 and $4,410, respectively, advisory fee for Institutional Interests were $3,731 and $7,533, respectively and advisory fee for General Partner’s Interest were $0 and $0, respectively. Original Class A Interests did not get charged the advisory fee.

ADVISORY CONTRACT

6 Months Ended

Jun. 30, 2023

NOTE 4 - ADVISORY CONTRACT

The Partnership's trading activities are conducted pursuant to an advisory contract with Winton Capital Management, Ltd. (“Advisor”). The Partnership pays the Advisor a quarterly incentive fee of 20% of the trading profits (as defined in the Agreement). However, the quarterly incentive fee is payable only on cumulative profits achieved from commodity trading (as defined in the Agreement), calculated separately for each partner’s interest (as defined in the Agreement). The incentive fee is accrued on a monthly basis and paid quarterly. Total incentive fees earned by the Advisor for the three and six months ended June 30, 2023 and 2022 are shown on the Statements of Income (Loss).

Interest holders will be assessed a monthly advisory fee paid to the Advisor of 0.083% of the management fee net asset value of each holder’s month-end capital account balance (1.00% annually), with the exception of Original Class A Interests. In addition, the General Partner has assigned a portion of its management fees earned to the Advisor. For the three and six months ended June 30, 2023, advisory fees for Class A were $17,976 and $36,948, respectively, advisory fee for Class B Interests were $15,110 and $30,645, respectively, advisory fee for Original Class B Interests were $1,601 and $3,439, respectively, advisory fee for Institutional Interests were $2,217 and $5,409, respectively and advisory fee for General Partner’s Interest were $9 and $12, respectively. For the three and six months ended June 30, 2022, advisory fee for Class A Interests were $23,209 and $48,259, respectively, advisory fee for Class B Interests were $17,094 and $32,541, respectively, advisory fee for Original Class B Interests were $2,214 and $4,410, respectively, advisory fee for Institutional Interests were $3,731 and $7,533, respectively and advisory fee for General Partner’s Interest were $0 and $0, respectively. Original Class A Interests did not get charged the advisory fee.

Altegris Winton Futures Fund, L.P. 10-Q