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Condensed Statements of Financial Condition - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents (at cost $249,255,606 and $342,942,967, respectively) (Notes 2 and 5) $ 249,255,606 $ 342,942,967
Equity in trading accounts:    
Cash and cash equivalents (at cost $18,801,522 and $97,539,600, respectively) 18,801,522 97,539,600
Unrealized gain (loss) on open commodity futures contracts 6,326,190 (14,454,899)
Dividends receivable 4,644 186
Interest receivable 374 14,186
Prepaid insurance* [1] 57,603 13,584
Prepaid registration fees 22,290 103,290
ETF transaction fees receivable 0 1,000
Total Assets 274,468,229 426,159,914
Liabilities and Partners' Capital    
Payable for shares redeemed 0 10,526,931
General Partner management fees payable (Note 3) 150,051 212,102
Professional fees payable 415,282 664,001
Brokerage commissions payable 140,806 143,993
Directors' fees payable* [1] 4,929 5,567
License fees payable 8,281 10,813
Total Liabilities 719,349 11,563,407
Commitments and Contingencies (Notes 3, 4 & 5)
Partners' Capital    
General Partners 0 0
Limited Partners 273,748,880 414,596,507
Total Partners' Capital 273,748,880 414,596,507
Total Liabilities and Partners' Capital $ 274,468,229 $ 426,159,914
Limited Partners' shares outstanding 28,484,588 45,084,588
Net asset value per share $ 9.61 $ 9.20
Market value per share $ 9.58 $ 9.20
[1] Certain prior year amounts have been reclassified for consistency with the current presentation.