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v3.23.3

Condensed Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Gain (loss) on trading of commodity futures and swap contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 204,277,575 | $ (118,377,718) | $ 142,705,467 | $ 989,982,135
Realized gain (loss) on swap contracts |  | 67,005,805 | (64,935,404) | 35,089,069 | (32,257,710)
Change in unrealized gain (loss) on open commodity futures contracts |  | 68,423,986 | (262,761,411) | 28,130,433 | (332,240,105)
Change in unrealized gain (loss) on open OTC commodity swap contracts |  | (301) | 456 | 1,994 | (1,940)
Dividend income |  | 4,228,144 | 5,486,707 | 13,778,420 | 8,317,751
Interest income | [1] | 13,682,856 | 5,181,788 | 38,746,316 | 5,850,342
ETF transaction fees |  | 106,000 | 64,000 | 272,000 | 163,000
Total Income (Loss) |  | 357,724,065 | (435,341,582) | 258,723,699 | 639,813,473
Expenses |  |  |  |  |
General Partner management fees |  | 1,684,104 | 2,564,245 | 5,343,348 | 9,081,221
Professional fees |  | 551,058 | 463,976 | 1,590,702 | 1,392,324
Brokerage commissions |  | 160,574 | 189,314 | 521,688 | 604,223
Directors' fees and insurance |  | 184,717 | 206,336 | 572,326 | 622,384
License fees |  | 56,137 | 85,474 | 178,112 | 302,707
Total Expenses |  | 2,636,590 | 3,509,345 | 8,206,176 | 12,002,859
Net Income (Loss) | [2] | $ 355,087,475 | $ (438,850,927) | $ 250,517,523 | $ 627,810,614
Net Income (Loss) per limited partner share |  | $ 17.11 | $ (15.06) | $ 10.70 | $ 10.97
Net Income (Loss) per weighted average limited partner share |  | $ 17.45 | $ (14.34) | $ 10.74 | $ 17.12
Weighted average limited partner shares outstanding |  | 20,344,255 | 30,604,038 | 23,315,178 | 36,672,687
[1] | Interest income does not exceed paid in kind of 5%.
[2] | General Partners’ shares outstanding and capital for the periods presented were zero.

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