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v3.20.2

Condensed Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ (102,525,960) | $ (53,152,570) | $ (227,224,580) | $ (104,711,777)
Change in unrealized gain (loss) on open commodity futures contracts |  | 30,575,360 | 11,805,850 | 22,124,700 | 61,939,447
Realized gain (loss) on short-term investments |  |  | 93 |  | 93
Dividend income |  | 104,118 | 37,004 | 773,179 | 149,114
Interest income | [1] | 603,045 | 1,611,194 | 1,680,576 | 3,221,514
ETF transaction fees |  | 42,070 | 20,000 | 86,070 | 57,000
Total Income (Loss) |  | (71,201,367) | (39,678,429) | (202,560,055) | (39,344,609)
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 581,249 | 412,293 | 1,269,405 | 845,208
Professional fees |  | 192,575 | 241,337 | 352,011 | 480,022
Brokerage commissions |  | 595,544 | 251,098 | 1,168,244 | 522,662
Directors' fees and insurance |  | 19,695 | 13,382 | 44,198 | 30,583
License fees |  | 14,531 | 10,307 | 31,735 | 21,130
Registration fees |  | 111,750 | 15,429 | 180,000 | 40,819
Total Expenses |  | 1,515,344 | 943,846 | 3,045,593 | 1,940,424
Net Income (Loss) |  | $ (72,716,711) | $ (40,622,275) | $ (205,605,648) | $ (41,285,033)
Net Income (Loss) per limited partner share |  | $ (2.18) | $ (3.59) | $ (6.66) | $ (4.52)
Net Income (Loss) per weighted average limited partner share |  | $ (2.18) | $ (3.19) | $ (6.33) | $ (3.37)
Weighted average limited partner shares outstanding |  | 33,313,159 | 12,742,830 | 32,485,137 | 12,254,201
[1] | * Interest income does not exceed paid in kind of 5%.

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