1. Organization: Managed Futures Premier Energy Fund L.P. (formerly, AAA Capital Energy Fund L.P.) (the Partnership) is a limited partnership organized on January5, 1998 under the partnership laws of the State of New York to engage, directly or indirectly, in the speculative trading of a diversified portfolio of commodity interests, including commodity options and commodity futures contracts on U.S. exchanges and certain foreign exchanges. The Partnership is authorized to trade commodity futures and options contracts of any kind. In addition, the Partnership may enter into swap contracts on energy-related products. The commodity interests traded by the Partnership are volatile and involve a high degree of market risk. The General Partner 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. During the initial offering period (February 12, 1998 through March15, 1998), the Partnership sold 49,538 redeemable units of limited partnership interest (Redeemable Units). The Partnership commenced trading on March16, 1998. From March16, 1998 to August31, 2001 and since February1, 2015, the Partnership has engaged directly in the speculative trading of a diversified portfolio of commodity interests. From September1, 2001 to December31, 2014, the Partnership engaged indirectly in such trading through its investment in AAA Master Fund LLC (the Master). The Partnership no longer offers Redeemable Units for sale. During 2008, the Special Limited Partner (defined herein) donated 102 Redeemable Units to the limited partners. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (the General Partner) and commodity pool operator of the Partnership. At December31, 2016, the General Partner was a wholly-owned subsidiary of Morgan Stanley Smith Barney Holdings LLC (MSSB Holdings). MSSB Holdings was ultimately own