XML 24 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Gain (loss) on trading of commodity futures and swap contracts:      
Realized gain (loss) on closed commodity futures contracts $ (762,934,486) $ 218,669,630 $ 6,104,950
Realized gain (loss) on closed OTC commodity swap contracts (144,572,961)    
Change in unrealized gain (loss) on open commodity futures contracts 184,838,398 (146,128,350) 15,817,312
Change in unrealized gain (loss) on open OTC commodity swap contracts 14,903,211    
Dividend income 11,394,690 5,230,113 48,789
Interest income 35,270,729 2,036,445 70,125
ETF transaction fees 355,000 209,000 107,000
Total Income (Loss) (660,745,419) 80,016,838 22,148,176
Expenses      
General Partner management fees (Note 3) 6,252,127 2,824,586 2,024,410
Professional fees 1,179,661 1,283,049 693,849
Brokerage commissions 2,696,598 702,686 794,337
Directors' fees and insurance 220,736 106,413 81,479
License fees 156,303 70,615 50,610
Registration fees     103,290
Total Expenses 10,505,425 4,987,349 3,747,975
Net Income (Loss) $ (671,250,844) $ 75,029,489 $ 18,400,201
Net Income (Loss) per limited partner share $ (36.54) $ 7.34 [1] $ 12.78 [1]
Net Income (Loss) per weighted average limited partner share $ (17.87) $ 13.71 [1] $ 2.75 [1]
Weighted average limited partner shares outstanding 37,572,585 5,470,942 [1] 6,686,969 [1]
[1] On January 23, 2024 there was a 1-for-4 reverse share split. Historical shares outstanding, net asset value per share, and market value per share have been adjusted to reflect the 1-for-4 reverse share split on a retroactive basis.