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v3.19.1

Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized gain (loss) on closed futures contracts |  | $ (11,739) | $ 229,715 | $ (2,271,270)
Change in unrealized gain (loss) on open futures contracts |  | 522,819 | (3,364,926) | 5,217,980
Dividend income |  | 24,807 | 27,445 | 10,786
Interest income | [1] | 86,283 | 53,398 | 32,944
ETF transaction fees |  | 2,800 | 2,450 | 1,750
Total income (loss) |  | 624,970 | (3,051,918) | 2,992,190
Expenses |  |  |  |
General Partner management fees (Note 3) |  | 48,189 | 78,805 | 102,306
Professional fees |  | 65,849 | 71,759 | 114,167
Brokerage commissions |  | 1,334 | 2,209 | 3,451
Directors' fees and insurance |  | 1,447 | 1,929 | 2,888
License fees |  | 964 | 1,576 | 2,046
Total expenses |  | 117,783 | 156,278 | 224,858
Expense waiver (Note 3) |  | (59,956) | (61,713) | (102,092)
Net expenses |  | 57,827 | 94,565 | 122,766
Net income (loss) |  | $ 567,143 | $ (3,146,483) | $ 2,869,424
Net income (loss) per limited partnership share |  | $ 1.00 | $ (2.49) | $ 2.03
Net income (loss) per weighted average limited partnership share |  | $ 0.84 | $ (3.06) | $ 2.07
Weighted average limited partnership shares outstanding |  | 671,507 | 1,027,534 | 1,387,568
[1] | Interest income does not exceed paid in kind of 5%.

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