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Statements of Financial Condition - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents (at cost $550,936,887 and $522,819,857, respectively) (Notes 2 and 5) $ 550,936,887 $ 522,819,857
Equity in trading accounts:    
Cash and cash equivalents (at cost $101,001,407 and $44,966,225, respectively) 101,001,407 44,966,225
Unrealized gain (loss) on open commodity futures contracts 55,721,680 37,435,507
Receivable for shares sold 0 4,646,990
Dividends receivable 17,044 14,954
Interest receivable 11,573 0
Prepaid registration fees 158,272 187,798
ETF transaction fees receivable 2,000 2,000
Total assets 707,848,863 610,073,331
Liabilities and Partners' Capital    
Payable due to Broker 0 44,770,339
Payable for shares redeemed 54,457,966 26,641,069
General Partner management fees payable (Note 3) 312,466 303,354
Professional fees payable 892,759 437,218
Brokerage commissions payable 72,800 85,200
Directors' fees and insurance payable 8,345 5,417
License fees payable 12,794 19,932
Total liabilities 55,757,130 72,262,529
Commitments and Contingencies (Notes 3, 4 and 5)
Partners' Capital    
General Partner 0 0
Limited Partners 652,091,733 537,810,802
Total Partners' Capital 652,091,733 537,810,802
Total liabilities and partners' capital $ 707,848,863 $ 610,073,331
Limited Partners' shares outstanding [1] 27,941,619 14,466,619
Net asset value per share [1],[2],[3] $ 23.34 $ 37.18
Market value per share [1] $ 23.32 $ 37.36
[1] On January 4, 2018, there was a 1-for-4 reverse share split. Historical shares outstanding, net asset value per share and market value per share have been adjusted to reflect the 1-for-4 reverse share split on a retroactive basis.
[2] On January 4, 2018, there was a 1-for-4 reverse share split. The Financial Highlights have been adjusted for the period shown to reflect the 1-for-4 reverse share split on a retroactive basis.
[3] On January 4, 2018, there was a 1-for-4 reverse share split. The Statement of Changes in Partners’ Capital have been adjusted for the period shown to reflect the 1-for-4 reverse share split on a retroactive basis.