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CONTRACTS AND AGREEMENTS (Tables)
9 Months Ended
Sep. 30, 2020
CONTRACTS AND AGREEMENTS  
Brokerage Commission

Nine months

Nine months

ended

ended

    

September 30, 2020

    

September 30, 2019

Total commissions accrued to brokers

$

5,462,795

$

1,895,834

Total commissions as annualized percentage of average total net assets

 

0.22

%  

 

0.17

%  

Commissions accrued as a result of rebalancing

$

4,508,991

$

1,602,426

Percentage of commissions accrued as a result of rebalancing

 

82.54

%  

 

84.52

%  

Commissions accrued as a result of creation and redemption activity

$

953,804

$

293,408

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

 

17.46

%  

 

15.48

%