XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ (31,884,655) $ 471,939,536 $ (61,572,108) $ 1,108,359,853
Realized gain (loss) on swap contracts (14,492,802) 1,153,417 (31,916,736) 32,677,694
Change in unrealized gain (loss) on open commodity futures contracts (3,952,936) (224,381,296) (40,293,553) (69,478,694)
Change in unrealized gain (loss) on open OTC commodity swap contracts 101 (1,109) 2,295 (2,396)
Dividend income 4,455,802 2,525,762 9,550,276 2,831,044
Interest income [1] 13,614,943 471,492 25,063,460 668,554
ETF transaction fees 95,000 47,000 166,000 99,000
Total Income (Loss) (32,164,547) 251,754,802 (99,000,366) 1,075,155,055
Expenses        
General Partner management fees 1,784,082 3,330,584 3,659,244 6,516,976
Professional fees 523,064 153,974 1,039,644 928,348
Brokerage commissions 185,968 190,980 361,114 414,909
Directors' fees and insurance 193,372 206,305 387,609 416,048
License fees 59,470 111,020 121,975 217,233
Total Expenses 2,745,956 3,992,863 5,569,586 8,493,514
Net Income (Loss) [2] $ (34,910,503) $ 247,761,939 $ (104,569,952) $ 1,066,661,541
Net Income (Loss) per limited partner share $ (2.83) $ 6.38 $ (6.41) $ 26.03
Net Income (Loss) per weighted average limited partner share $ (1.43) $ 6.77 $ (4.21) $ 26.83
Weighted average limited partner shares outstanding 24,429,098 36,623,603 24,825,260 39,757,305
[1] Interest income does not exceed paid in kind of 5%.
[2] General Partners’ shares outstanding and capital for the periods presented were zero.