XML 21 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 1,113,175 $ (8,164) $ 1,664,875 $ (701,343)
Change in unrealized gain (loss) on open commodity futures contracts 3,493,656 790,225 5,254,196 1,068,773
Dividend income 458 975 1,075 2,559
Interest income [1] 424 1,176 1,189 18,050
ETF transaction fees 350 350 2,100 1,050
Total Income (Loss) 4,608,063 784,562 6,923,435 389,089
Expenses        
General Partner management fees (Note 3) 22,183 11,676 53,702 24,068
Professional fees 38,385 14,964 106,049 50,436
Brokerage commissions 631 537 2,181 1,058
Directors' fees and insurance 3,305 188 9,449 575
License fees 444 233 1,074 481
Total Expenses 64,948 27,598 172,455 76,618
Expense waiver (Note 3) (38,328) (14,037) (108,012) (47,742)
Net Expenses 26,620 13,561 64,443 28,876
Net Income (Loss) $ 4,581,443 $ 771,001 $ 6,858,992 $ 360,213
Net Income (Loss) per limited partner share $ 4.50 $ 1.02 $ 6.74 $ 0.14
Net Income (Loss) per weighted average limited partner share $ 4.50 $ 1.03 $ 6.78 $ 0.68
Weighted average limited partner shares outstanding 1,017,391 748,370 1,012,271 532,664
[1] Interest income does not exceed paid in kind of 5%.