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1067837_18_item7_p37_s2
1067837_17_item7_p27_s9
The acceleration of our debt could have a material adverse effect on our business.
The acceleration of our indebtedness could have a material adverse effect on our business.
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1067837_18_item7_p30_s5
1067837_17_item7_p31_s0
Debt Repurchases We may from time to time seek to repurchase and retire our outstanding debt through cash purchases, open market purchases, privately negotiated transactions or otherwise.
We may from time to time seek to repurchase and retire our outstanding indebtedness through open market purchases, privately negotiated transactions or otherwise.
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1067837_18_item7_p41_s0
1067837_17_item7_p31_s0
Debt Repurchases We may from time to time seek to repurchase and retire our outstanding debt through cash purchases, open market purchases, privately negotiated transactions or otherwise.
We may from time to time seek to repurchase or retire our outstanding indebtedness through open market purchases, privately negotiated transactions or otherwise.
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1067837_18_item7_p53_s1
1067837_17_item7_p34_s4
Any future dividends will be at the discretion of the Board of Directors based upon the relevant factors at the time of such consideration, including, without limitation, compliance with the restrictions set forth in our Credit Facility.
Shares repurchased by us under the 2017 Share Repurchase Program will be at our discretion based upon the relevant factors at the time of such consideration, including, without limitation, compliance with the restrictions set forth in our Credit Facility and the Senior Notes.
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1067837_18_item7_p54_s0
1067837_17_item7_p36_s0
Credit Rating Agencies On a continuing basis, Standard and Poor s, Moody s Investor Services and other rating agencies may evaluate our debt in order to assign a credit rating.
Credit Rating Agencies On a continuing basis, Standard and Poor s, Moody s Investor Services and other rating agencies may evaluate our indebtedness in order to assign a credit rating.
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1067837_18_item7_p60_s0
1067837_17_item7_p38_s0
The above table includes projected interest expense under the remaining term of our Credit Facility.
The above table includes projected interest expense under the remaining term of the agreement.
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1067837_18_item7_p62_s0
1067837_17_item7_p40_s0
(3) We have purchase obligations of $186.5 million including contracts primarily for on-air personalities and other key personnel, ratings services, sports programming rights, software and equipment maintenance and certain other operating contracts.
(3) We have purchase obligations that include contracts primarily for on-air personalities and other key personnel, ratings services, sports programming rights, software and equipment maintenance and certain other operating contracts.
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1067837_18_item7_p82_s0
1067837_17_item7_p58_s0
Our most recent impairment loss to our broadcasting licenses and goodwill was in 2012.
Our most recent impairment loss to our broadcasting licenses was in 2012.
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1067837_18_item7_p94_s0
1067837_17_item7_p61_s2
The following table reflects the estimates and assumptions used in the second quarter of 2016 as compared to the second quarter of 2015, the date of the most recent prior impairment test: While we believe we have made reasonable estimates and assumptions to calculate the fair value of our broadcasting licenses, these e...
The following table reflects certain key estimates and assumptions applied to each of our markets that were used in the second quarter of 2017, and in the second quarter of 2016, the date of the most recent prior impairment test: While we believe we have made reasonable estimates and assumptions to calculate the fair v...
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1067837_18_item7_p95_s4
1067837_17_item7_p61_s3
If actual market conditions are less favorable than those projected by the industry or by us, or if events occur or circumstances change that would reduce the fair value of our broadcasting licenses below the amount reflected on the balance sheet, we may be required to recognize impairment charges, which could be mater...
If actual market conditions are less favorable than those projected by the industry or us, or if events occur or circumstances change that would reduce the fair value of our goodwill below the amount reflected in the balance sheet, we may be required to conduct an interim test and possibly recognize impairment charges,...
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1067837_18_item7_p85_s5
1067837_17_item7_p61_s4
The table below presents the percentage within a range by which the fair value exceeded the carrying value of our radio broadcasting licenses as of December 31, 2016 for 24 units of accounting (24 geographical markets) where the carrying value of the licenses is considered material to our financial statements.
The table below, which includes the Charlotte market and excludes the Merger markets and the two markets acquired as part of an exchange of radio stations, presents the percentage within a range by which the fair value exceeded the carrying value of our radio broadcasting licenses as of December 31, 2017 for 25 units o...
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1067837_18_item7_p97_s0
1067837_17_item7_p61_s6
Rather than presenting the percentage separately for each unit of accounting, management s opinion is that this table in summary form is more meaningful to the reader in assessing the recoverability of the broadcasting licenses.
Rather than presenting the percentage separately for each reporting unit, management s opinion is that this table in summary form is more meaningful to the reader in assessing the recoverability of the reporting unit, including goodwill.
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1067837_18_item7_p97_s1
1067837_17_item7_p61_s7
In addition, the units of accounting are not disclosed with the specific market name as such disclosure could be competitively harmful to us.
In addition, the reporting units are not disclosed with the specific market name as such disclosure could be competitively harmful to us.
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1067837_18_item7_p86_s3
1067837_17_item7_p62_s0
The second quarter 2016 impairment test of our broadcasting licenses indicated that there were 11 units of accounting where the fair value exceeded their carrying value by 10% or less.
Broadcasting Licenses Valuation at Risk The second quarter 2017 impairment test of our broadcasting licenses together with the third quarter 2017 impairment test of our broadcasting licenses in the Charlotte market indicated that there were 11 units of accounting where the fair value exceeded their carrying value by 10...
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[ "Broadcasting", "Licenses", "Valuation", "Risk", "together", "third", "Charlotte", "market" ]
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1067837_18_item7_p88_s6
1067837_17_item7_p65_s0
In the second step, we compare the amount reflected in the balance sheet to the implied fair value of the reporting unit s goodwill, determined by allocating the reporting unit s fair value to all of its assets and liabilities in a manner similar to a purchase price allocation.
Under the previous accounting guidance, we would be required to perform a second step of the impairment test by comparing the amount reflected in the balance sheet to the implied fair value of the reporting unit s goodwill, determined by allocating the reporting unit s fair value to all of its assets and liabilities in...
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1067837_18_item7_p85_s2
1067837_17_item7_p69_s0
The following table reflects certain key estimates and assumptions applied to each of our markets that were used in the second quarter of 2016, and in the second quarter of 2015, the date of the most recent prior impairment test: While we believe we have made reasonable estimates and assumptions to calculate the fair v...
The following table reflects the estimates and assumptions used in the second quarter of 2017 as compared to the second quarter of 2016, the date of the most recent prior impairment test: While we believe we have made reasonable estimates and assumptions to calculate the fair value of our broadcasting licenses, these e...
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1067837_18_item7_p85_s3
1067837_17_item7_p71_s1
If actual market conditions are less favorable than those projected by the industry or us, or if events occur or circumstances change that would reduce the fair value of our goodwill below the amount reflected in the balance sheet, we may be required to conduct an interim test and possibly recognize impairment charges,...
If actual market conditions are less favorable than those projected by the industry or by us, or if events occur or circumstances change that would reduce the fair value of our broadcasting licenses below the amount reflected on the balance sheet, we may be required to recognize impairment charges, which could be mater...
2
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[ "broadcasting", "licenses" ]
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1067837_18_item7_p86_s1
1067837_17_item7_p72_s1
Rather than presenting the percentage separately for each reporting unit, management s opinion is that this table in summary form is more meaningful to the reader in assessing the recoverability of the reporting unit, including goodwill.
Rather than presenting the percentage separately for each unit of accounting, management s opinion is that this table in summary form is more meaningful to the reader in assessing the recoverability of the broadcasting licenses.
2
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[ "accounting", "broadcasting", "licenses" ]
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1067837_18_item7_p86_s2
1067837_17_item7_p72_s2
In addition, the reporting units are not disclosed with the specific market name as such disclosure could be competitively harmful to us.
In addition, the units of accounting are not disclosed with the specific market name as such disclosure could be competitively harmful to us.
2
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[]
[ "accounting" ]
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1067837_18_item7_p104_s3
1067837_17_item7_p79_s3
For a more comprehensive list of our accounting policies, see Note 2, Significant Accounting Policies, accompanying the consolidated financial statements included within this annual report on Form 10-K for 2016.
For a more comprehensive list of our accounting policies, see Note 2, Significant Accounting Policies, accompanying the consolidated financial statements included within this annual report.
2
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1068237_12_item7_p77_s0
1068237_11_item7_p105_s0
Management has concluded that based on available information in the marketplace, the Partnership s and the Funds Level 1 assets and liabilities are actively traded.
Management has concluded that based on available information in the marketplace, the Funds Level 1 assets and liabilities are actively traded.
2
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1068237_12_item7_p82_s0
1068237_11_item7_p110_s2
As of and for the years ended December 31, 2010 and 2009, the Partnership and the Funds did not hold any derivative instruments that are priced at fair value using unobservable inputs through the application of management s assumptions and internal valuation pricing models (Level 3).
As of and for the years ended December 31, 2011 and 2010, the Funds did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of management s assumptions and internal valuation pricing models (Level 3).
2
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1068237_12_item7_p92_s0
1068237_11_item7_p112_s1
When the contract is closed, the Partnership and the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
When the contract is closed at the prompt date, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
2
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[]
[ "prompt", "date" ]
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1068237_12_item7_p93_s0
1068237_11_item7_p113_s0
Transactions in futures contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the futures broker, directly with the exchange on which the contracts are traded.
Transactions in LME contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the broker, directly with the LME.
2
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[]
[ "LME", "LME" ]
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1068237_12_item7_p94_s0
1068237_11_item7_p113_s1
Realized gains (losses) and changes in unrealized gains (losses) on futures contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on metal contracts are included in the Statements of Income and Expenses.
2
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[]
[ "Net", "realized", "net", "metal" ]
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1068237_12_item7_p96_s4
1068237_11_item7_p113_s1
Realized gains (losses) and changes in unrealized gains (losses) on futures contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on options contracts are included in the Statements of Income and Expenses.
2
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[ "Realized", "gains", "(", "losses", ")", "and", "changes", "in", "unrealized", "gains", "(", "losses", ")", "on", "futures", "contracts", "are", "included", "in", "the", "Statements", "of", "Income", "and", "Expenses", "." ]
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[]
[ "Net", "realized", "net", "options" ]
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1068237_12_item7_p88_s0
1068237_11_item7_p114_s0
Foreign currency contracts are contracts where the Partnership and the Funds agree to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date.
Forward foreign currency contracts are those contracts where the Funds agree to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date.
2
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[]
[ "Forward" ]
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1068237_12_item7_p86_s0
1068237_11_item7_p119_s0
When the contract is closed at the prompt date, the Partnership and the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
When the contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
2
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[]
[]
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1068237_12_item7_p87_s0
1068237_11_item7_p120_s0
Transactions in LME contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the broker, directly with the LME.
Transactions in futures contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the futures broker, directly with the exchange on which the contracts are traded.
2
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[]
[ "futures", "futures", "exchange", "traded" ]
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1068237_12_item7_p87_s1
1068237_11_item7_p121_s0
Realized gains (losses) and changes in unrealized gains (losses) on metal contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on futures contracts are included in the Statements of Income and Expenses.
2
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[]
[ "Net", "realized", "net", "futures" ]
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1068237_12_item7_p96_s4
1068237_11_item7_p121_s0
Realized gains (losses) and changes in unrealized gains (losses) on metal contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on options contracts are included in the Statements of Income and Expenses.
2
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[ "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "options", "contracts", "are", "included", "in", "the", "Statements", "of", "Income", "and", "Expenses", "." ]
[]
[ "Net", "realized", "net", "options" ]
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1068237_12_item7_p96_s3
1068237_11_item7_p123_s2
When the Funds writes an option, the premium received is recorded as a liability in the Statements of Financial Condition and marked to market daily.
When the Funds purchase an option, the premium paid is recorded as an asset in the Statements of Financial Condition and marked to market daily.
2
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[]
[ "purchase", "paid", "asset" ]
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1068237_12_item7_p96_s2
1068237_11_item7_p123_s3
When the Funds purchases an option, the premium paid is recorded as an asset in the Statements of Financial Condition and marked to market daily.
When the Funds write an option, the premium received is recorded as a liability in the Statements of Financial Condition and marked to market daily.
2
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[]
[ "write", "received", "liability" ]
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1068237_12_item7_p87_s1
1068237_11_item7_p123_s4
Realized gains (losses) and changes in unrealized gains (losses) on options contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on futures contracts are included in the Statements of Income and Expenses.
2
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[]
[ "Net", "realized", "net", "futures" ]
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1068237_12_item7_p94_s0
1068237_11_item7_p123_s4
Realized gains (losses) and changes in unrealized gains (losses) on options contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on metal contracts are included in the Statements of Income and Expenses.
2
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[]
[ "Net", "realized", "net", "metal" ]
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1068237_12_item7_p6_s0
1068237_11_item7_p13_s0
Altis trades its Global Futures Portfolio Program on behalf of the Partnership.
Aspect trades its Diversified Program on behalf of the Partnership.
2
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[ "Altis", "trades", "its", "Global", "Futures", "Portfolio", "Program", "on", "behalf", "of", "the", "Partnership", "." ]
[ "Aspect", "trades", "its", "Diversified", "Program", "on", "behalf", "of", "the", "Partnership", "." ]
[]
[ "Aspect", "Diversified" ]
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1068237_12_item7_p9_s1
1068237_11_item7_p13_s1
It is a systematic, automated trading program that builds on the Principals market experience and employs a unique proprietary Advanced Asset Allocator.
It is a proprietary systematic, automated trading program that builds on the market experience of Altis principals and employs a unique proprietary Advanced Asset Allocator.
2
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[]
[ "Altis", "principals" ]
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1068237_12_item7_p1_s4
1068237_11_item7_p1_s4
The accounting and operations staff provide processing of trading activity and reporting to limited partners and regulatory authorities.
The accounting and operations staff provides processing of subscriptions and redemptions and reporting to limited partners and regulatory authorities.
2
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[]
[ "provides", "subscriptions", "redemptions" ]
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1068237_12_item7_p42_s5
1068237_11_item7_p55_s0
The risk to the limited partners that have purchased interests in the Partnership is limited to the amount of their capital contributions to the Partnership and their share of the Partnership s assets and undistributed profits.
The risk to the limited partners that have purchased Redeemable Units is limited to the amount of their capital contributions to the Partnership and their share of the Partnership s assets and undistributed profits.
2
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[]
[ "Redeemable", "Units" ]
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1068237_12_item7_p99_s3
1068237_11_item7_p55_s0
The risk to the limited partners that have purchased interests in the Partnership is limited to the amount of their capital contributions to the Partnership and their share of the Partnership s assets and undistributed profits.
The risk to the limited partners that have purchased Redeemable Units is limited to the amount of their capital contributions to the Partnership and their share of the Partnership assets and undistributed profits.
2
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[]
[ "Redeemable", "Units" ]
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1068237_12_item7_p100_s0
1068237_11_item7_p55_s1
This limited liability is a consequence of the organization of the Partnership as a limited partnership under applicable law.
This limited liability is a result of the organization of the Partnership as a limited partnership under New York law.
2
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[]
[ "result", "New", "York" ]
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1068237_12_item7_p42_s6
1068237_11_item7_p55_s1
This limited liability is a consequence of the organization of the Partnership as a limited partnership under applicable law.
This limited liability is a result of the organization of the Partnership as a limited partnership under New York law.
2
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[]
[ "result", "New", "York" ]
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1068237_12_item7_p43_s2
1068237_11_item7_p56_s2
The Partnership/Funds are exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short.
The Funds are exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short.
2
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[]
[]
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1068237_12_item7_p144_s2
1068237_11_item7_p59_s0
The General Partner monitors and attempts to control the Partnership s/Funds risk exposure on a daily basis through financial, credit and risk management monitoring systems, and accordingly, believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Partnership/Funds ...
Qualitative Disclosures Regarding Means of Managing Risk Exposure The General Partner monitors and attempts to control the Funds risk exposure on a daily basis through financial, credit and risk management monitoring systems and accordingly, believes that it has effective procedures for evaluating and limiting the cred...
2
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[]
[ "Qualitative", "Disclosures", "Regarding", "Means", "Managing", "Risk", "Exposure" ]
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1068237_12_item7_p63_s4
1068237_11_item7_p69_s0
The Partnership experienced a net trading gain, before brokerage fees and related fees in 2010 of $4,024,625.
The Partnership experienced a net trading loss, before brokerage fees and related fees in 2009 of $1,234,750.
2
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[ "The", "Partnership", "experienced", "a", "net", "trading", "gain", ",", "before", "brokerage", "fees", "and", "related", "fees", "in", "2010", "of", "$", "4,024,625", "." ]
[ "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "before", "brokerage", "fees", "and", "related", "fees", "in", "2009", "of", "$", "1,234,750", "." ]
[]
[ "loss", "1,234,750" ]
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1068237_12_item7_p63_s5
1068237_11_item7_p69_s1
Gains were primarily attributable to the Partnership s/Funds trading in currencies, grains, metals, U.S. and non-U.S. interest rates and softs and were partially offset by losses in energy, livestock and indices.
Losses were primarily attributable to the Partnership s/Funds trading in energy, indices, grains, U.S. and non-U.S. interest rates and softs and were partially offset by gains in currencies, livestock, metals and lumber.
2
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[]
[ "Losses", "gains", "lumber" ]
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1068237_12_item7_p55_s15
1068237_11_item7_p73_s0
The Partnership experienced a net trading loss, before brokerage fees and related fees in 2009 of $1,234,750.
The Partnership experienced a net trading gain, before brokerage fees and related fees in 2010 of $4,024,625.
2
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[ "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "before", "brokerage", "fees", "and", "related", "fees", "in", "2009", "of", "$", "1,234,750", "." ]
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[]
[ "gain", "4,024,625" ]
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1068237_12_item7_p55_s16
1068237_11_item7_p73_s1
Losses were primarily attributable to the Partnership s/Funds trading in energy, indices, grains, U.S. and non-U.S. interest rates and softs and were partially offset by gains in currencies, livestock, metals and lumber.
Gains were primarily attributable to the Partnership s/Funds trading in currencies, grains, metals, U.S. and non-U.S. interest rates and softs and were partially offset by losses in energy, livestock and indices.
2
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[ "Losses", "were", "primarily", "attributable", "to", "the", "Partnership", "s", "/", "Funds", "trading", "in", "energy", ",", "indices", ",", "grains", ",", "U.S.", "and", "non", "-", "U.S.", "interest", "rates", "and", "softs", "and", "were", "partially", ...
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[]
[ "Gains", "losses" ]
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1068237_12_item7_p57_s1
1068237_11_item7_p81_s1
Interest income for the three and twelve months ended December 31, 2010 increased by $4,991 and $1,135, respectively, as compared to the corresponding periods in 2009.
Interest income for the three and twelve months ended December 31, 2011 decreased by $6,649 and $17,336, respectively, as compared to the corresponding periods in 2010.
2
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[ "Interest", "income", "for", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2011", "decreased", "by", "$", "6,649", "and", "$", "17,336", ",", "respectively", ",", "as", "compared", "to", "the", "corresponding", "periods", "in", ...
[]
[ "2011", "decreased", "6,649", "17,336" ]
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1068237_12_item7_p61_s0
1068237_11_item7_p83_s0
Brokerage fees are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
Management fees are calculated as a percentage of the Partnership s net asset value as of the end of each month and are affected by trading performance and redemptions.
2
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[]
[ "Management", "end" ]
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1068237_12_item7_p61_s2
1068237_11_item7_p84_s1
The decrease in brokerage fees for the three and twelve months ended December 31, 2010 was due to lower average net assets as compared to the corresponding periods in 2009.
The decrease in management fees for the three and twelve months ended December 31, 2011 was due to lower average net assets as compared to the corresponding periods in 2010.
2
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[]
[ "management" ]
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1068237_12_item7_p59_s0
1068237_11_item7_p85_s0
Management fees are calculated as a percentage of the Partnership s net asset value as of the end of each month and are affected by trading performance and redemptions.
Brokerage fees are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
2
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[ "Brokerage", "adjusted", "last", "day" ]
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1068237_12_item7_p60_s1
1068237_11_item7_p85_s2
The decrease in management fees for the three and twelve months ended December 31, 2010 was due to lower average net assets as compared to the corresponding periods in 2009.
The decrease in brokerage fees for the three and twelve months ended December 31, 2011 was due to lower average net assets as compared to the corresponding periods in 2010.
2
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[]
[ "brokerage" ]
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1068237_12_item7_p62_s3
1068237_11_item7_p86_s2
Trading performance for the three and twelve months ended December 31, 2009 resulted in an incentive fee accrual reversal of $111,106 and an incentive fee accrual of $26,539, respectively.
Trading performance for the three and twelve months ended December 31, 2010 resulted in an incentive fee accrual of 119,073.
2
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[]
[ "119,073" ]
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1068237_12_item7_p63_s4
1068237_11_item7_p89_s0
The Partnership experienced a net trading gain, before brokerage fees and related fees in 2008 of $12,910,342.
The Partnership experienced a net trading loss, before brokerage fees and related fees in 2009 of $1,234,750.
2
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[ "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "before", "brokerage", "fees", "and", "related", "fees", "in", "2009", "of", "$", "1,234,750", "." ]
[]
[ "loss", "1,234,750" ]
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1068237_12_item7_p71_s3
1068237_11_item7_p97_s0
Operational/Settlement Risk the risk of financial and opportunity loss and legal liability attributable to operational problems, such as inaccurate pricing of transactions, untimely trade execution, clearance and/or settlement, or the inability to process large volumes of transactions.
Such risks include: Operational/Settlement Risk the risk of financial and opportunity loss and legal liability attributable to operational problems, such as inaccurate pricing of transactions, untimely trade execution, clearance and/or settlement, or the inability to process large volumes of transactions.
2
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[]
[ "risks", "include" ]
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1068237_13_item7_p20_s0
1068237_12_item7_p19_s0
The Global Program was established to capture intermediate and long term trends in the global future and FX markets.
The Blackwater Global Program was established to capture intermediate and long term trends in the global future and foreign exchange ( FX ) markets.
2
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[ "The", "Global", "Program", "was", "established", "to", "capture", "intermediate", "and", "long", "term", "trends", "in", "the", "global", "future", "and", "FX", "markets", "." ]
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[]
[ "Blackwater", "foreign", "exchange" ]
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1068237_13_item7_p24_s0
1068237_12_item7_p23_s0
Money management techniques are applied on the individual market level, sector level, and performing poorly, receive less risk capital.
Money management techniques are applied on the individual market level, sector level, and portfolio level.
2
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[ "Money", "management", "techniques", "are", "applied", "on", "the", "individual", "market", "level", ",", "sector", "level", ",", "and", "portfolio", "level", "." ]
[]
[ "portfolio" ]
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1068237_13_item7_p5_s2
1068237_12_item7_p6_s2
Its goal is the generation of significant long-term capital growth independent of stock and bond market returns.
Its goal is the generation of significant medium-term capital growth independent of stock and bond market returns within a rigorous risk management framework.
2
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[ "Its", "goal", "is", "the", "generation", "of", "significant", "medium", "-", "term", "capital", "growth", "independent", "of", "stock", "and", "bond", "market", "returns", "within", "a", "rigorous", "risk", "management", "framework", "." ]
[]
[ "medium", "within", "rigorous", "risk", "management", "framework" ]
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1068237_13_item7_p5_s0
1068237_12_item7_p9_s0
Altis trades its Global Futures Portfolio Program on behalf of the Partnership.
Aspect trades its Diversified Program on behalf of the Partnership.
2
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[ "Altis", "trades", "its", "Global", "Futures", "Portfolio", "Program", "on", "behalf", "of", "the", "Partnership", "." ]
[ "Aspect", "trades", "its", "Diversified", "Program", "on", "behalf", "of", "the", "Partnership", "." ]
[]
[ "Aspect", "Diversified" ]
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1068237_14_item7_p9_s0
1068237_13_item7_p8_s0
Altis trades its Global Futures Portfolio Program on behalf of the Partnership.
Altis Partners (Jersey) Limited Altis trades its Global Futures Portfolio Program on behalf of the Partnership.
2
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[ "Altis", "trades", "its", "Global", "Futures", "Portfolio", "Program", "on", "behalf", "of", "the", "Partnership", "." ]
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[]
[ "Partners", "Jersey", "Limited" ]
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1068237_15_item7_p42_s5
1068237_14_item7_p41_s5
The Partnership/Funds continue to be subject to such risks with respect to MS Co.
The Funds continue to be subject to such risks with respect to MS Co.
2
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[ "The", "Partnership", "/", "Funds", "continue", "to", "be", "subject", "to", "such", "risks", "with", "respect", "to", "MS", "Co." ]
[ "The", "Funds", "continue", "to", "be", "subject", "to", "such", "risks", "with", "respect", "to", "MS", "Co." ]
[]
[]
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1068237_15_item7_p51_s3
1068237_14_item7_p50_s3
The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2013 of $386,776.
The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2014 of $ 2,513,437.
2
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[ "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2013", "of", "$", "386,776", "." ]
[ "The", "Partnership", "experienced", "a", "net", "trading", "gain", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2014", "of", "$", "2,513,437", "." ]
[]
[ "gain", "2,513,437" ]
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1068237_15_item7_p51_s4
1068237_14_item7_p50_s4
Losses were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
Gains were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
2
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[]
[ "Gains" ]
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1068237_15_item7_p51_s3
1068237_14_item7_p52_s10
The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2012 of $733,857.
The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2014 of $ 2,513,437.
2
[ "<tag1>", "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2012", "of", "$", "733,857", ".", "<tag2>", "The", "Partnership", "experienced",...
[ "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2012", "of", "$", "733,857", "." ]
[ "The", "Partnership", "experienced", "a", "net", "trading", "gain", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2014", "of", "$", "2,513,437", "." ]
[]
[ "gain", "2,513,437" ]
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1068237_15_item7_p51_s4
1068237_14_item7_p52_s11
Losses were primarily attributable to the Funds trading in energy, livestock, grains, U.S. and non-U.S. interest rates, metals and softs and were partially offset by gains in currencies and indices.
Gains were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
2
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[ "Losses", "were", "primarily", "attributable", "to", "the", "Funds", "trading", "in", "energy", ",", "livestock", ",", "grains", ",", "U.S.", "and", "non", "-", "U.S.", "interest", "rates", ",", "metals", "and", "softs", "and", "were", "partially", "offset",...
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[]
[ "Gains" ]
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1068237_15_item7_p56_s0
1068237_14_item7_p54_s2
Ongoing selling agent fees/brokerage are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
Management fees are calculated as a percentage of the Partnership s net asset value as of the end of each month and are affected by trading performance and redemptions.
2
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[]
[ "Management", "end" ]
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1068237_15_item7_p57_s1
1068237_14_item7_p54_s4
The decrease in ongoing selling agent/brokerage fees was due to lower average net assets during the three and twelve months ended December 31, 2013, as compared to the corresponding periods in 2012.
The decrease in management fees was due to lower average net assets during the three and twelve months ended December 31, 2014, as compared to the corresponding periods in 2013.
2
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[]
[ "management" ]
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1068237_15_item7_p57_s0
1068237_14_item7_p55_s2
Clearing fees for the three and twelve months ended December 31, 2013 decreased by $5,090 and $3,674, respectively, as compared to the corresponding periods in 2012.
Management fees for the three and twelve months ended December 31, 2014 decreased by $9,867 and $90,185, respectively, as compared to the corresponding periods in 2013.
2
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[ "Clearing", "fees", "for", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2013", "decreased", "by", "$", "5,090", "and", "$", "3,674", ",", "respectively", ",", "as", "compared", "to", "the", "corresponding", "periods", "in", "...
[ "Management", "fees", "for", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2014", "decreased", "by", "$", "9,867", "and", "$", "90,185", ",", "respectively", ",", "as", "compared", "to", "the", "corresponding", "periods", "in", ...
[]
[ "Management", "9,867", "90,185" ]
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1068237_15_item7_p54_s2
1068237_14_item7_p56_s0
Management fees are calculated as a percentage of the Partnership s net asset value as of the end of each month and are affected by trading performance and redemptions.
Ongoing selling agent fees/brokerage are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
2
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[ "Management", "fees", "are", "calculated", "as", "a", "percentage", "of", "the", "Partnership", "s", "net", "asset", "value", "as", "of", "the", "end", "of", "each", "month", "and", "are", "affected", "by", "trading", "performance", "and", "redemptions", "."...
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[]
[ "Ongoing", "selling", "agent", "brokerage", "adjusted", "last", "day" ]
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1068237_15_item7_p55_s2
1068237_14_item7_p57_s0
Management fees for the three and twelve months ended December 31, 2013 decreased by $20,925 and $76,409, respectively, as compared to the corresponding periods in 2012.
Clearing fees for the three and twelve months ended December 31, 2014 decreased by $845 and $9,731, respectively, as compared to the corresponding periods in 2013.
2
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[ "Management", "fees", "for", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2013", "decreased", "by", "$", "20,925", "and", "$", "76,409", ",", "respectively", ",", "as", "compared", "to", "the", "corresponding", "periods", "in",...
[ "Clearing", "fees", "for", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2014", "decreased", "by", "$", "845", "and", "$", "9,731", ",", "respectively", ",", "as", "compared", "to", "the", "corresponding", "periods", "in", "20...
[]
[ "Clearing", "9,731" ]
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1068237_15_item7_p54_s4
1068237_14_item7_p57_s1
The decrease in management fees was due to lower average net assets during the three and twelve months ended December 31, 2013, as compared to the corresponding periods in 2012.
The decrease in ongoing selling agent/brokerage fees was due to lower average net assets during the three and twelve months ended December 31, 2014, as compared to the corresponding periods in 2013.
2
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[ "The", "decrease", "in", "management", "fees", "was", "due", "to", "lower", "average", "net", "assets", "during", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2013", ",", "as", "compared", "to", "the", "corresponding", "periods...
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[]
[ "ongoing", "selling", "agent", "brokerage" ]
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1068237_15_item7_p51_s4
1068237_14_item7_p59_s5
Losses were primarily attributable to the Funds trading in currencies, energy, indices, livestock, grains, metals and softs and were partially offset by gains in U.S. and non-U.S. interest rates.
Gains were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
2
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[ "Losses", "were", "primarily", "attributable", "to", "the", "Funds", "trading", "in", "currencies", ",", "energy", ",", "indices", ",", "livestock", ",", "grains", ",", "metals", "and", "softs", "and", "were", "partially", "offset", "by", "gains", "in", "U.S...
[ "Gains", "were", "primarily", "attributable", "to", "the", "Funds", "trading", "in", "energy", ",", "currencies", ",", "grains", "and", "U.S.", "and", "non", "-", "U.S.", "interest", "rates", "and", "were", "partially", "offset", "by", "gains", "in", "livest...
[]
[ "Gains" ]
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1068237_15_item7_p81_s0
1068237_14_item7_p75_s0
Transactions in futures contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the futures broker, directly with the exchange on which the contracts are traded.
Transactions in LME contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the broker, directly with the LME.
2
[ "<tag1>", "Transactions", "in", "futures", "contracts", "require", "participants", "to", "make", "both", "initial", "margin", "deposits", "of", "cash", "or", "other", "assets", "and", "variation", "margin", "deposits", ",", "through", "the", "futures", "broker", ...
[ "Transactions", "in", "futures", "contracts", "require", "participants", "to", "make", "both", "initial", "margin", "deposits", "of", "cash", "or", "other", "assets", "and", "variation", "margin", "deposits", ",", "through", "the", "futures", "broker", ",", "dir...
[ "Transactions", "in", "LME", "contracts", "require", "participants", "to", "make", "both", "initial", "margin", "deposits", "of", "cash", "or", "other", "assets", "and", "variation", "margin", "deposits", ",", "through", "the", "broker", ",", "directly", "with",...
[]
[ "LME", "LME" ]
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1068237_15_item7_p75_s1
1068237_14_item7_p76_s2
Net realized gains (losses) and changes in net unrealized gains (losses) on forward foreign currency contracts are recognized in the period in which the contract is closed or the changes occur, respectively and are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on futures contracts are included in the Statements of Income and Expenses.
2
[ "<tag1>", "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "forward", "foreign", "currency", "contracts", "are", "recognized", "in", "the", "period", "in", "which", "the", "contra...
[ "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "forward", "foreign", "currency", "contracts", "are", "recognized", "in", "the", "period", "in", "which", "the", "contract", "is",...
[ "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "futures", "contracts", "are", "included", "in", "the", "Statements", "of", "Income", "and", "Expenses", "." ]
[]
[ "futures" ]
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1068237_15_item7_p82_s0
1068237_14_item7_p76_s2
Net realized gains (losses) and changes in net unrealized gains (losses) on forward foreign currency contracts are recognized in the period in which the contract is closed or the changes occur, respectively and are included in the Statements of Income and Expenses.
Net realized gains (losses) and changes in net unrealized gains (losses) on metal contracts are included in the Statements of Income and Expenses.
2
[ "<tag1>", "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "forward", "foreign", "currency", "contracts", "are", "recognized", "in", "the", "period", "in", "which", "the", "contra...
[ "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "forward", "foreign", "currency", "contracts", "are", "recognized", "in", "the", "period", "in", "which", "the", "contract", "is",...
[ "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "metal", "contracts", "are", "included", "in", "the", "Statements", "of", "Income", "and", "Expenses", "." ]
[]
[ "metal" ]
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1068237_15_item7_p75_s0
1068237_14_item7_p81_s0
Transactions in LME contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the broker, directly with the LME.
Transactions in futures contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the futures broker, directly with the exchange on which the contracts are traded.
2
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[]
[ "futures", "futures", "exchange", "traded" ]
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1068237_16_item7_p0_s0
1068237_15_item7_p0_s0
through its investment in the Funds, aims to achieve substantial capital appreciation through speculative trading, directly or indirectly in U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products and precious and base metals.
Partnership, through its investment in the Funds, aims to achieve substantial capital appreciation through speculative trading, directly or indirectly in U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products and precious and base metals.
2
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[]
[ "Partnership" ]
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1068237_16_item7_p12_s0
1068237_15_item7_p11_s0
The Altis Global Futures Portfolio trading system currently trades in over 100 futures markets on recognized futures exchanges globally.
The Global Futures Portfolio Program currently trades in over 100 futures markets on recognized futures exchanges globally.
2
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[]
[ "Program" ]
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1068237_16_item7_p35_s5
1068237_15_item7_p42_s5
The Funds continue to be subject to such risks with respect to MS Co.
The Partnership/Funds continue to be subject to such risks with respect to MS Co.
2
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[]
[ "Partnership" ]
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1068237_16_item7_p45_s1
1068237_15_item7_p51_s0
For the year ended December 31, 2014, the net asset value per unit increased 11.7% from $1,436.62 to $1,605.10.
For the year ended December 31, 2014, the net asset value per Redeemable Unit increased 11.7% from $1,436.62 to $1,605.10.
2
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[]
[ "Redeemable", "Unit" ]
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1068237_16_item7_p45_s2
1068237_15_item7_p51_s1
For the year ended December 31, 2013, the net asset value per unit decreased 10.3% from $1,602.18 to $1,436.62.
For the year ended December 31, 2013, the net asset value per Redeemable Unit decreased 10.3% from $1,602.18 to $1,436.62.
2
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[]
[ "Redeemable", "Unit" ]
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1068237_16_item7_p53_s2
1068237_15_item7_p51_s3
The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2014 of $ 2,513,437.
The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2013 of $386,776.
2
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[]
[ "loss", "386,776" ]
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1068237_16_item7_p53_s3
1068237_15_item7_p51_s4
Gains were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
Losses were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
2
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[]
[ "Losses" ]
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1068237_16_item7_p45_s21
1068237_15_item7_p52_s10
The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2013 of $386,776.
The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2014 of $2,513,437.
2
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[]
[ "gain", "2,513,437" ]
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1068237_16_item7_p45_s3
1068237_15_item7_p52_s10
The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2013 of $386,776.
The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2015 of $841,906.
2
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[ "The", "Partnership", "experienced", "a", "net", "trading", "loss", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2013", "of", "$", "386,776", "." ]
[ "The", "Partnership", "experienced", "a", "net", "trading", "gain", ",", "through", "investments", "in", "the", "Funds", ",", "before", "fees", "and", "expenses", "in", "2015", "of", "$", "841,906", "." ]
[]
[ "gain", "841,906" ]
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1068237_16_item7_p45_s22
1068237_15_item7_p52_s11
Losses were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
Gains were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
2
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[]
[ "Gains" ]
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1068237_16_item7_p47_s3
1068237_15_item7_p53_s2
This decrease was due to lower U.S. Treasury bill rates and lower average net assets during the three and twelve months ended December 31, 2014, as compared to the corresponding period in 2013.
This decrease in interest income was due to lower U.S. Treasury bill rates during the three and twelve months ended December 31, 2015, as compared to the corresponding periods in 2014.
2
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[]
[ "interest", "income", "periods" ]
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1068237_16_item7_p49_s0
1068237_15_item7_p54_s2
Ongoing selling agent fees/brokerage are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
Management fees are calculated as a percentage of the Partnership s net asset value on the last day of each month and are affected by trading performance and redemptions.
2
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[]
[ "Management" ]
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1068237_16_item7_p50_s1
1068237_15_item7_p54_s2
Ongoing selling agent fees/brokerage are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
These fees are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
2
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[ "Ongoing", "selling", "agent", "fees", "/", "brokerage", "are", "calculated", "as", "a", "percentage", "of", "the", "Partnership", "s", "adjusted", "net", "asset", "value", "on", "the", "last", "day", "of", "each", "month", "and", "are", "affected", "by", ...
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[]
[]
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1068237_16_item7_p49_s3
1068237_15_item7_p54_s4
The decrease in ongoing selling agent/brokerage fees was due to lower average net assets during the three and twelve months ended December 31, 2014, as compared to the corresponding periods in 2013.
The increase in management fees was due to a higher average net assets during the three and twelve months ended December 31, 2015, as compared to the corresponding periods in 2014.
2
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[]
[ "increase", "management", "higher" ]
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1068237_16_item7_p48_s2
1068237_15_item7_p56_s0
Management fees are calculated as a percentage of the Partnership s net asset value as of the end of each month and are affected by trading performance and redemptions.
Ongoing selling agent fees are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
2
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[]
[ "Ongoing", "selling", "agent", "adjusted", "last", "day" ]
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1068237_16_item7_p50_s1
1068237_15_item7_p56_s0
Management fees are calculated as a percentage of the Partnership s net asset value as of the end of each month and are affected by trading performance and redemptions.
These fees are calculated as a percentage of the Partnership s adjusted net asset value on the last day of each month and are affected by trading performance and redemptions.
2
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[]
[ "adjusted", "last", "day" ]
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1068237_16_item7_p49_s2
1068237_15_item7_p57_s0
Management fees for the three and twelve months ended December 31, 2014 decreased by $9,867 and $90,185, respectively, as compared to the corresponding periods in 2013.
Management fees for the three and twelve months ended December 31, 2015 increased by $1,542 and $8,517, respectively, as compared to the corresponding periods in 2014.
2
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[]
[ "2015", "increased", "1,542", "8,517" ]
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1068237_16_item7_p48_s4
1068237_15_item7_p57_s1
The decrease in management fees was due to lower average net assets during the three and twelve months ended December 31, 2014, as compared to the corresponding periods in 2013.
The decrease in ongoing selling agent fees was due to lower average net assets during the three and twelve months ended December 31, 2015, as compared to the corresponding periods in 2014.
2
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[]
[ "ongoing", "selling", "agent" ]
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1068237_16_item7_p49_s3
1068237_15_item7_p57_s1
The decrease in management fees was due to lower average net assets during the three and twelve months ended December 31, 2014, as compared to the corresponding periods in 2013.
The increase in management fees was due to a higher average net assets during the three and twelve months ended December 31, 2015, as compared to the corresponding periods in 2014.
2
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[ "The", "decrease", "in", "management", "fees", "was", "due", "to", "lower", "average", "net", "assets", "during", "the", "three", "and", "twelve", "months", "ended", "December", "31", ",", "2014", ",", "as", "compared", "to", "the", "corresponding", "periods...
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[]
[ "increase", "higher" ]
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1068237_16_item7_p45_s22
1068237_15_item7_p59_s5
Losses were primarily attributable to the Funds trading in currencies, energy, indices, livestock, grains, metals and softs and were partially offset by gains in U.S. and non-U.S. interest rates.
Gains were primarily attributable to the Funds trading in energy, currencies, grains and U.S. and non-U.S. interest rates and were partially offset by gains in livestock, metals, softs and indices.
2
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[ "Losses", "were", "primarily", "attributable", "to", "the", "Funds", "trading", "in", "currencies", ",", "energy", ",", "indices", ",", "livestock", ",", "grains", ",", "metals", "and", "softs", "and", "were", "partially", "offset", "by", "gains", "in", "U.S...
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[]
[ "Gains" ]
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1068237_16_item7_p61_s1
1068237_15_item7_p70_s1
The values of non-exchange traded forwards, swaps and certain options contracts for which market quotations are not readily available, are priced by broker-dealers that derive fair values for those assets and liabilities from observable inputs (Level 2).
The values of U.S. Treasury bills, non-exchange-traded forwards, swap and certain option contracts for which market quotations are not readily available, are priced by broker quotes or pricing services that derive fair values for those assets and liabilities from observable inputs (Level 2).
2
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[]
[ "U.S.", "Treasury", "bills", "swap", "option", "quotes", "pricing", "services" ]
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1068237_16_item7_p71_s0
1068237_15_item7_p75_s0
Transactions in futures contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the futures broker, directly with the exchange on which the contracts are traded.
Transactions in LME contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the broker, directly with the LME.
2
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[ "Transactions", "in", "futures", "contracts", "require", "participants", "to", "make", "both", "initial", "margin", "deposits", "of", "cash", "or", "other", "assets", "and", "variation", "margin", "deposits", ",", "through", "the", "futures", "broker", ",", "dir...
[ "Transactions", "in", "LME", "contracts", "require", "participants", "to", "make", "both", "initial", "margin", "deposits", "of", "cash", "or", "other", "assets", "and", "variation", "margin", "deposits", ",", "through", "the", "broker", ",", "directly", "with",...
[]
[ "LME", "LME" ]
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1068237_16_item7_p71_s1
1068237_15_item7_p75_s1
Net realized gains (losses) and changes in net unrealized gains (losses) on futures contracts are included in the Statements of Income and Expenses.
Net realized gains (losses) and net change in unrealized gains (losses) on metals contracts are included in the Funds Statements of Income and Expenses.
2
[ "<tag1>", "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "futures", "contracts", "are", "included", "in", "the", "Statements", "of", "Income", "and", "Expenses", ".", "<tag2>", ...
[ "Net", "realized", "gains", "(", "losses", ")", "and", "changes", "in", "net", "unrealized", "gains", "(", "losses", ")", "on", "futures", "contracts", "are", "included", "in", "the", "Statements", "of", "Income", "and", "Expenses", "." ]
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[]
[ "change", "metals", "Funds" ]
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