1. Organization: Morgan Stanley Smith Barney Charter Aspect L.P. (the Partnership) is a Delaware limited partnership organized in 1993 to engage primarily in the speculative trading of futures contracts, options on futures and forward contracts, and forward contracts on physical commodities and other commodity interests, including, but not limited to, foreign currencies, financial instruments, metals, energy and agricultural products (collectively, Futures Interests) (refer to Note 4, Financial Instruments). The General Partner (as defined below) may also determine to invest up to all of the Partnerships assets in United States (U.S.) Treasury bills and/or money market mutual funds, including money market mutual funds managed by Morgan Stanley or its affiliates. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (Ceres or the General Partner) and commodity pool operator for the Partnership. Ceres is a wholly-owned subsidiary of Morgan Stanley Domestic Holdings, Inc. (MSD Holdings). MSD Holdings is ultimately owned by Morgan Stanley. Morgan Stanley is a publicly held company whose shares are listed on the New York Stock Exchange. Morgan Stanley is engaged in various financial services and other businesses. Morgan Stanley Smith Barney LLC is doing business as Morgan Stanley Wealth Management (Morgan Stanley Wealth Management). Morgan Stanley Wealth Management is a principal subsidiary of MSD Holdings. During the reporting periods ended September 30, 2018 and 2017, the Partnerships commodity broker was Morgan Stanley &amp; Co. LLC (MS&amp;Co.), a registered futures commission merchant. MS&amp;Co. also acts as the counterparty on all trading of foreign currency forward contracts. MS&amp;Co. is a wholly-owned subsidiary of Morgan Stanley. During prior periods included in this report, the Partnership also deposited a portion of its cash in a non-trading bank account at JPMorgan Chase Bank, N.A. Aspect Capital Limited (Aspect or the Trading Advisor) is the trading advisor to the Partnership and manages the assets of the Partnership pursuant to its Diversified Program, the Trading Advisors proprietary, systematic trading system. The General Partner is not aware of any material changes to the trading program during the fiscal quarter ended September 30, 2018. In July 2015, the General Partner delegated certain administrative functions to SS&amp;C Technologies, Inc., a Delaware corporation, currently doing business as SS&amp;C GlobeOp (the Administrator). Pursuant to a master services agreement, the Administrator furnishes certain administrative, accounting, regulatory reporting, tax and other services as agreed from time to time. In addition, the Administrator maintains certain books and records of the Partnership. The General Partner pays or reimburses the Partnership, from the General Partner fee it receives, the ordinary administrative expenses of the Partnership, which includes the expenses related to the engagement of the Administrator.