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v3.20.4

Condensed Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ (2,251,576,260) | $ 220,179,889 | $ 1,603,334
Change in unrealized gain (loss) on open commodity futures contracts |  | 363,923,391 | 231,913,525 | (312,173,308)
Realized gain (loss) on short-term investments |  |  | 11,258 | (3,070)
Dividend income |  | 1,949,571 | 2,957,196 | 2,213,034
Interest income | [1] | 8,528,581 | 29,461,116 | 29,889,589
ETF transaction fees |  | 289,546 | 312,000 | 358,000
Total Income (Loss) |  | (1,876,885,171) | 484,834,984 | (278,112,421)
Expenses |  |  |  |
General Partner management fees (Note 3) |  | 15,388,313 | 6,461,273 | 8,147,165
Professional fees |  | 2,694,975 | 1,440,997 | 1,539,401
Brokerage commissions |  | 6,104,865 | 2,423,017 | 2,538,611
Directors' fees and insurance |  | 391,372 | 333,741 | 316,185
License fees |  | 512,944 | 215,376 | 271,572
Registration fees |  | 3,203,939 | 504,876 | 349,290
Total Expenses |  | 28,296,408 | 11,379,280 | 13,162,224
Net Income (Loss) |  | $ (1,905,181,579) | $ 473,455,704 | $ (291,274,645)
Net Income (Loss) per limited partner share | [2] | $ (69.20) | $ 25.59 | $ (19.95)
Net Income (Loss) per weighted average limited partner share | [2] | $ (16.61) | $ 31.24 | $ (17.01)
Weighted average limited partner shares outstanding | [2] | 114,667,411 | 15,155,959 | 17,125,822
[1] | Interest income does not exceed paid in kind of 5%.
[2] | On April 28, 2020, there was a 1-for-8 reverse share split. The Statements of Operations have been adjusted for the periods shown to reflect the 1-for-8 reverse share split on a retroactive basis.

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