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v3.20.4

Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ (206,518,620) | $ (126,561,127) | $ 230,893,690
Change in unrealized gain (loss) on open commodity futures contracts |  | 6,313,791 | 46,252,567 | (122,742,937)
Realized gain (loss) on short-term investments |  |  | 93 | (15,781)
Dividend income |  | 832,573 | 582,039 | 569,787
Interest income | [1] | 1,846,120 | 6,027,693 | 5,960,666
ETF transaction fees |  | 158,070 | 120,000 | 194,000
Total Income (Loss) |  | (197,368,066) | (73,578,735) | 114,859,425
Expenses |  |  |  |
General Partner management fees (Note 3) |  | 2,413,189 | 1,820,281 | 2,259,093
Professional fees |  | 647,911 | 802,399 | 928,798
Brokerage commissions |  | 1,879,043 | 1,155,153 | 1,424,713
Directors' fees and insurance |  | 83,030 | 70,739 | 69,624
License fees |  | 60,330 | 45,507 | 56,477
Registration fees |  | 364,200 | 144,440 | 83,258
Total Expenses |  | 5,447,703 | 4,038,519 | 4,821,963
Net Income (Loss) |  | $ (202,815,769) | $ (77,617,254) | $ 110,037,462
Net Income (Loss) per limited partner share |  | $ (7.71) | $ (7.44) | $ 1.01
Net Income (Loss) per weighted average limited partner share |  | $ (6.11) | $ (5.39) | $ 6.73
Weighted average limited partner shares outstanding |  | 33,208,424 | 14,401,574 | 16,359,928
[1] | Interest income does not exceed paid in kind of 5%.

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