Investment in the Funds (Tables)

3 Months Ended

Mar. 31, 2020

Assets, Liabilities and Partners'/ Members' Capital of the Funds

Summarized information reflecting the total assets, liabilities and partners’/members’ capital of the Funds is shown in the following tables:


	March 31, 2020
	Total Assets		Total Liabilities		Total Capital
ADG Master	$	31,470,316	$	505,567	$	30,964,749

	December 31, 2019
	Total Assets		Total Liabilities		Total Capital
ADG Master	$	44,209,233	$	308,783	$	43,900,450

Net Investment Income (Loss), Trading Results and Net Income (Loss) for th Funds

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


	For the three months ended March 31, 2020
	Net Investment			Total Trading			Net Income
	Income (Loss)			Results			(Loss)
ADG Master	$	43,488		$	(2,207,105	)	$	(2,163,617	)

	For the three months ended March 31, 2019
	Net Investment			Total Trading			Net Income
	Income (Loss)			Results			(Loss)
AE Capital Master	$	86,493		$	(895,582	)	$	(809,089	)
SECOR Master		(47,181	)		3,326,837			3,279,656
Willowbridge Master (a)		220,431			(759,939	)		(539,508	)
ADG Master (b)		68,144			(249,709	)		(181,565	)

(a)	From January 1, 2019 through January 31, 2019, the date Willowbridge Master terminated operations.

(b)	From February 1, 2019, commencement of operations for ADG Master, through March 31, 2019.

Partnership's Investments in and Partnership's Pro-rata Share of Results of Operations of the Funds

Summarized information reflecting the Partnership’s investment in and the Partnership’s

pro-rata

share of the results of operations of the Funds is shown in the following tables:


	March 31, 2020					For the three months ended March 31, 2020
	% of Partners’ Capital			Fair Value		Income (Loss)			Expenses				Net Income (Loss)
Fund	% of Partners’ Capital			Fair Value		Income (Loss)			Clearing Fees		Professional Fees		Net Income (Loss)			Investment Objective		Redemptions Permitted
ADG Master		42.78	%	$	12,345,161	$	(786,744	)	$	8,889	$	6,642	$	(802,275	)		Commodity Portfolio		Monthly

Total				$	12,345,161	$	(786,744	)	$	8,889	$	6,642	$	(802,275	)

	December 31, 2019					For the three months ended March 31, 2019
	% of Partners’ Capital			Fair Value		Income (Loss)			Expenses				Net Income (Loss)
Funds	% of Partners’ Capital			Fair Value		Income (Loss)			Clearing Fees		Professional Fees		Net Income (Loss)			Investment Objective		Redemptions Permitted
AE Capital Master		-	%	$	-	$	(156,015	)	$	3,136	$	3,320	$	(162,471	)		Commodity Portfolio		Monthly
SECOR Master		-	%		-		723,966			48,827		3,490		671,649			Commodity Portfolio		Monthly
Willowbridge Master (a)		-	%		-		(45,751	)		9,757		589		(56,097	)		Commodity Portfolio		Monthly
ADG Master (b)		47.68	%		14,991,927		(59,547	)		4,975		4,760		(69,282	)		Commodity Portfolio		Monthly

Total				$	14,991,927	$	462,653		$	66,695	$	12,159	$	383,799

(a)	From January 1, 2019 through January 31, 2019, the date the Partnership fully redeemed its investment in Willowbridge Master.

(b)	From February 1, 2019, the date the Partnership invested into ADG Master, through March 31, 2019.

CERES TACTICAL GLOBAL L.P. 10-Q