XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Statements of Financial Condition (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Assets    
United States Treasury Obligations, at value (cost $0 and $392,834,605, respectively) $ 393,253,144
Affiliated investments, at value (cost $1,002,112,590 and $876,300,343, respectively) 1,002,334,244 1,269,897,511
Other investments:    
Variation margin receivable- Commodity Futures Contracts 5,450,444
LME Commodity Futures Contracts receivable 1,664,780 235,303
Unrealized appreciation on LME Commodity Futures Contracts 6,407,024 4,193,218
Cash held by Custodian 9,308,099
Deposit with Commodity Broker 205,072,113
Receivable for:    
Fund shares sold 14,169,988
Dividends from affiliates 2,678,529 2,723,552
Investments sold 824
Total assets 1,232,327,502 1,291,808,127
Other investments:    
Unrealized depreciation on LME Commodity Futures Contracts 134,521 6,716,016
Payable for:    
Due to Custodian 667
Management fees 1,583,088 901,585
Brokerage commissions and fees 3,694 4,626
Total liabilities 1,721,970 7,622,227
Commitments and Contingencies (Note 10)
Equity    
Shareholder's equity—General Shares 872 854
Shareholders' equity—Shares 1,230,604,660 1,284,185,046
Total shareholders' equity 1,230,605,532 1,284,185,900
Total liabilities and equity $ 1,232,327,502 $ 1,291,808,127
General Shares outstanding 40 40
Shares outstanding 56,450,000 60,150,000
Net asset value per share $ 21.8 $ 21.35
Market value per share [1] $ 21.81 $ 21.38
Affiliated Investments [Member]    
Assets    
Affiliated investments, at value (cost $1,002,112,590 and $876,300,343, respectively) $ 1,002,334,244 $ 876,644,367
[1] The mean between the last bid and ask prices.