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v3.20.1

Condensed Statements of Financial Condition - USD ($) | Mar. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $2,490,391 and $2,990,732, respectively) (Notes 2 and 5) | $ 2,490,391 | $ 2,990,732
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $908,142 and $803,973, respectively) | 908,142 | 803,973
Unrealized gain (loss) on open commodity futures contracts | (402,186) | (435,678)
Receivable from General Partner (Note 3) | 90,324 | 74,302
Dividends receivable | 76 | 658
Interest receivable | 109 | 247
Prepaid insurance | 391 | 120
Total assets | 3,087,247 | 3,434,354
Liabilities and Partners' Capital |  |
General Partner management fees payable (Note 3) | 2,258 | 2,759
Professional fees payable | 33,298 | 57,027
Brokerage commissions payable | 451 | 571
Directors' fees payable | 59 | 103
Total liabilities | 36,066 | 60,460
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 | 0
Limited Partners | 3,051,181 | 3,373,894
Total Partners' Capital | 3,051,181 | 3,373,894
Total liabilities and partners' capital | $ 3,087,247 | $ 3,434,354
Limited Partners' shares outstanding | 400,000 | 400,000
Net asset value per share | $ 7.63 | $ 8.43
Market value per share | $ 7.67 | $ 8.39

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