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Statements of Financial Condition - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents (at cost $259,491,732 and $550,936,887, respectively) (Notes 2 and 5) $ 259,491,732 $ 550,936,887
Equity in trading accounts:    
Cash and cash equivalents (at cost $100,299,442 and $101,001,407, respectively) 100,299,442 101,001,407
Unrealized gain (loss) on open commodity futures contracts (67,021,257) 55,721,680
Dividends receivable 78,143 17,044
Interest receivable 9,670 11,573
Prepaid registration fees 75,014 158,272
ETF transaction fees receivable 1,000 2,000
Total assets 292,933,744 707,848,863
Liabilities and Partners' Capital    
Payable for shares redeemed 43,833,276 54,457,966
General Partner management fees payable (Note 3) 180,632 312,466
Professional fees payable 863,937 892,759
Brokerage commissions payable 36,300 72,800
Directors' fees and insurance payable 398 8,345
License fees payable 4,678 12,794
Total liabilities 44,919,221 55,757,130
Commitments and Contingencies (Notes 3, 4 and 5)
Partners' Capital    
General Partner 0 0
Limited Partners 248,014,523 652,091,733
Total Partners' Capital 248,014,523 652,091,733
Total liabilities and partners' capital $ 292,933,744 $ 707,848,863
Limited Partners' shares outstanding 10,184,588 27,941,619 [1]
Net asset value per share $ 24.35 $ 23.34 [1],[2],[3]
Market value per share $ 24.71 $ 23.32 [1]
[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. Historical shares outstanding, net asset value per share and market value per share 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.