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v3.22.2

Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 471,939,536 | $ 538,294,832 | $ 1,108,359,853 | $ 1,313,768,002
Realized gain (loss) on swap contracts |  | 1,153,417 | 0 | 32,677,694 | 0
Change in unrealized gain (loss) on open commodity futures contracts |  | (224,381,296) | 122,354,167 | (69,478,694) | 74,340,926
Change in unrealized gain (loss) on open OTC commodity swap contracts |  | (1,109) | 0 | (2,396) | 0
Dividend income |  | 2,525,762 | 126,472 | 2,831,044 | 208,947
Interest income* | [1] | 471,492 | 199,631 | 668,554 | 505,963
ETF transaction fees |  | 47,000 | 31,000 | 99,000 | 96,000
Total Income (Loss) |  | 251,754,802 | 661,006,102 | 1,075,155,055 | 1,388,919,838
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 3,330,584 | 3,451,899 | 6,516,976 | 7,265,487
Professional fees |  | 153,974 | 2,321,524 | 928,348 | 3,473,598
Brokerage commissions |  | 190,980 | 350,906 | 414,909 | 655,585
Directors' fees and insurance |  | 206,305 | 214,176 | 416,048 | 316,344
License fees |  | 111,020 | 115,063 | 217,233 | 242,183
Registration fees |  | 0 | 315,041 | 0 | 1,260,041
Total Expenses |  | 3,992,863 | 6,768,609 | 8,493,514 | 13,213,238
Net Income (Loss) |  | $ 247,761,939 | $ 654,237,493 | $ 1,066,661,541 | $ 1,375,706,600
Net Income (Loss) per limited partner share |  | $ 6.38 | $ 9.47 | $ 26.03 | $ 16.80
Net Income (Loss) per weighted average limited partner share |  | $ 6.77 | $ 9.56 | $ 26.83 | $ 17.54
Weighted average limited partner shares outstanding |  | 36,623,603 | 68,423,603 | 39,757,305 | 78,421,393
[1] | Interest income does not exceed paid in kind of 5%.

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