XML 20 R5.htm IDEA: XBRL DOCUMENT 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%.