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v3.19.1

Condensed Statements of Financial Condition - USD ($) | Mar. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $194,777,636 and $259,491,732, respectively) (Notes 2 and 5) | $ 194,777,636 | $ 259,491,732
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $77,620,675 and $100,299,442, respectively) | 77,620,675 | 100,299,442
Unrealized gain (loss) on open commodity futures contracts | (16,887,660) | (67,021,257)
Dividends receivable | 24,146 | 78,143
Interest receivable | 171 | 9,670
Prepaid registration fees | 49,624 | 75,014
ETF transaction fees receivable | 0 | 1,000
Total assets | 255,584,592 | 292,933,744
Liabilities and Partners' Capital |  |
Payable for shares redeemed | 0 | 43,833,276
General Partner management fees payable (Note 3) | 114,859 | 180,632
Professional fees payable | 543,351 | 863,937
Brokerage commissions payable | 36,300 | 36,300
Directors' fees and insurance payable | 6,664 | 398
License fees payable | 476 | 4,678
Total liabilities | 701,650 | 44,919,221
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 | 0
Limited Partners | 254,882,942 | 248,014,523
Total Partners' Capital | 254,882,942 | 248,014,523
Total liabilities and partners' capital | $ 255,584,592 | $ 292,933,744
Limited Partners' shares outstanding | 10,884,588 | 10,184,588
Net asset value per share | $ 23.42 | $ 24.35
Market value per share | $ 23.48 | $ 24.71

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