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v3.20.1

Statements of Financial Condition - USD ($) | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $375,588,135 and $259,491,732, respectively) | $ 375,588,135 | $ 259,491,732
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $83,410,316 and $100,299,442, respectively) | 83,410,316 | 100,299,442
Unrealized gain (loss) on open commodity futures contracts | (20,768,690) | (67,021,257)
Receivable for shares sold | 6,765,424 |
Dividends receivable | 140,270 | 78,143
Interest receivable | 5,227 | 9,670
Prepaid insurance | 7,569 | 8,204
Prepaid registration fees | 467,490 | 75,014
ETF transaction fees receivable | 1,000 | 1,000
Total assets | 445,616,741 | 292,941,948
Liabilities and Partners' Capital |  |
Payable for shares redeemed | 0 | 43,833,276
General Partner management fees payable (Note 3) | 207,145 | 180,632
Professional fees payable | 786,718 | 863,937
Brokerage commissions payable | 36,300 | 36,300
Directors' fees payable | 10,691 | 8,602
License fees payable | 2,633 | 4,678
Total liabilities | 1,043,487 | 44,927,425
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 |
Limited Partners | 444,573,254 | 248,014,523
Total Partners' Capital | 444,573,254 | 248,014,523
Total liabilities and partners' capital | $ 445,616,741 | $ 292,941,948
Limited Partners' shares outstanding | 26,284,588 | 10,184,588
Net asset value per share | $ 16.91 | $ 24.35
Market value per share | $ 16.86 | $ 24.71

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