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Condensed Statements of Cash Flows - USD ($)

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Cash Flows from Operating Activities:

Net income (loss)

$ (2,544,436,651)

^[1]

$ 395,304,132

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Change in Unrealized (gain) loss on open commodity futures contracts

(1,107,803,142)

(313,310,848)

(Increase) decrease in dividends receivable

(159,337)

(51,678)

(Increase) decrease in interest receivable

(31,581)

9,727

(Increase) decrease in prepaid insurance

^[2]

(77,814)

(76,169)

(Increase) decrease in prepaid registration fees

(2,907,667)

278,028

(Increase) decrease in ETF transaction fees receivable

2,000

(1,000)

Increase (decrease) in payable due to Broker

(8,820,649)

131,064,529

Increase (decrease) in General Partner management fees payable

1,350,824

(56,998)

Increase (decrease) in professional fees payable

(812,428)

(914,557)

Increase (decrease) in brokerage commissions payable

135,000

0

Increase (decrease) in directors' fees payable

^[2]

13,189

(11,249)

Increase (decrease) in license fees payable

144,216

(6,649)

Net cash provided by (used in) operating activities

(3,663,404,040)

212,227,268

Cash Flows from Financing Activities:

Addition of partnership shares

7,524,752,437

1,468,520,569

Redemption of partnership shares

(1,464,538,721)

(1,851,689,146)

Net cash provided by (used in) financing activities

6,060,213,716

(383,168,577)

Net Increase (Decrease) in Cash and Cash Equivalents

2,396,809,676

(170,941,309)

Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of year

1,176,245,411

1,656,935,976

Total Cash, Cash Equivalents and Equity in Trading Accounts, end of year

$ 3,573,055,087

$ 1,485,994,667

[1]	General Partners' shares outstanding and capital for the periods presented were zero.
[2]	Certain prior year amounts have been reclassified for consistency with the current presentation.

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