﻿<?xml version="1.0" encoding="UTF-8"?>
<Portfolio>
  <Name>SPV - PANAMAX TIME CHARTER BASKET FUTURE</Name>
  <Categories>
    <PortfolioCategory>
      <Name>Year 20X0</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ0</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X0</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X1</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ1</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X1</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X2</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ2</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X2</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X3</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ3</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X3</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X4</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ4</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X4</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X5</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ5</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X5</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X6</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ6</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X6</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X7</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ7</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X7</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X8</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ8</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X8</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
    <PortfolioCategory>
      <Name>Year 20X9</Name>
      <Symbols>
        <PortfolioSymbol>
          <Name>SPVF9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JAN 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVG9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE FEB 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVH9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAR 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVJ9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE APR 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVK9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE MAY 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVM9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUN 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVN9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE JUL 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVQ9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE AUG 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVU9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE SEP 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVV9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE OCT 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVX9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE NOV 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
        <PortfolioSymbol>
          <Name>SPVZ9</Name>
          <Description>PANAMAX TIME CHARTER BASKET FUTURE DEC 20X9</Description>
          <Decimals>2</Decimals>
          <PipSize>2</PipSize>
          <PipFraction>2</PipFraction>
          <TickSize>1</TickSize>
        </PortfolioSymbol>
      </Symbols>
    </PortfolioCategory>
  </Categories>
</Portfolio>