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CONTRACTS AND AGREEMENTS (Tables)
6 Months Ended
Jun. 30, 2020
CONTRACTS AND AGREEMENTS  
Brokerage Commission

Six months

Six months

ended

ended

    

June 30, 2020

    

June 30, 2019

Total commissions accrued to brokers

$

4,679,525

$

1,279,813

Total commissions as annualized percentage of average total net assets

 

0.33

%  

 

0.17

%  

Commissions accrued as a result of rebalancing

$

3,863,377

$

1,113,299

Percentage of commissions accrued as a result of rebalancing

 

82.56

%  

 

86.99

%  

Commissions accrued as a result of creation and redemption activity

$

816,148

$

166,514

Percentage of commissions accrued as a result of creation and redemption activity

 

17.44

%  

 

13.01

%