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v3.8.0.1

Condensed Statements of Financial Condition - USD ($) | Mar. 31, 2018 | Dec. 31, 2017
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $6,590,784 and $7,217,601, respectively) (Notes 2 and 5) | $ 6,590,784 | $ 7,217,601
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $979,150 and $1,701,275, respectively) | 979,150 | 1,701,275
Unrealized gain (loss) on open commodity futures contracts | (161,545) | (568,922)
Receivable from General Partner (Note 3) | 79,475 | 61,713
Dividends receivable | 2,591 | 2,319
Interest receivable | 364 | 88
Directors' fees and insurance receivable | 0 | 66
ETF transaction fees receivable | 350 | 0
Total assets | 7,491,169 | 8,414,140
Liabilities and Partners' Capital |  |
Payable for shares redeemed | 464,451 | 0
General Partner management fees payable (Note 3) | 4,342 | 5,493
Professional fees payable | 53,651 | 72,695
Brokerage commissions payable | 931 | 1,181
Directors' fees and insurance payable | 157 | 0
License fees payable | 297 | 331
Total liabilities | 523,829 | 79,700
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 | 0
Limited Partners | 6,967,340 | 8,334,440
Total Partners' Capital | 6,967,340 | 8,334,440
Total liabilities and partners' capital | $ 7,491,169 | $ 8,414,140
Limited Partners' shares outstanding | 750,000 | 900,000
Net asset value per share | $ 9.29 | $ 9.26
Market value per share | $ 9.22 | $ 9.18

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