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CONTRACTS AND AGREEMENTS (Tables)
12 Months Ended
Dec. 31, 2022
CONTRACTS AND AGREEMENTS  
Summary of brokerage commissions

Year ended

Year ended

Year ended

    

December 31, 2022

    

December 31, 2021

    

December 31, 2020

Total commissions accrued to brokers

$

702,686

$

794,337

$

1,879,043

Total commissions as annualized percentage of average total net assets

 

0.15

%

0.24

%

0.47

%

Commissions accrued as a result of rebalancing

$

573,331

$

712,375

$

1,636,443

Percentage of commissions accrued as a result of rebalancing

 

81.59

%

89.68

%

 

87.09

%

Commissions accrued as a result of creation and redemption activity

$

129,355

$

81,961

$

242,600

Percentage of commissions accrued as a result of creation and redemption activity

 

18.41

%  

 

10.32

%

 

12.91

%