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v3.21.1

Condensed Statements of Operations - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Gain (loss) on trading of commodity futures contracts: |  |  |
Realized Gain (loss) on closed commodity futures contracts |  | $ 8,956,980 | $ (124,698,620)
Change in unrealized gain (loss) on open commodity futures contracts |  | 20,781,089 | (8,450,660)
Dividend income |  | 8,170 | 669,061
Interest income | [1] | 21,859 | 1,077,531
ETF transaction fees |  | 40,000 | 44,000
Total Income (Loss) |  | 29,808,098 | (131,358,688)
Expenses |  |  |
General Partner management fees (Note 3) |  | 520,978 | 688,156
Professional fees |  | 125,074 | 159,436
Brokerage commissions |  | 257,862 | 572,700
Directors' fees and insurance |  | 18,891 | 24,503
License fees |  | 13,024 | 17,204
Registration fees |  | 81,000 | 68,250
Total Expenses |  | 1,016,829 | 1,530,249
Net Income (Loss) |  | $ 28,791,269 | $ (132,888,937)
Net Income (Loss) per limited partner share |  | $ 0.41 | $ (4.48)
Net Income (Loss) per weighted average limited partner share |  | $ 0.82 | $ (4.20)
Weighted average limited partner shares outstanding |  | 35,046,810 | 31,657,115
[1] | * Interest income does not exceed paid in kind of 5%.

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