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Contracts and Agreements (Tables)

3 Months Ended

Mar. 31, 2015

Contractors [Abstract]

Brokerage Commissions

USL also incurs commissions to brokers for the purchase and sale of Oil Futures Contracts, Other Oil-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”).

		For the three months ended March 31, 2015				For the three months ended March 31, 2014
Total commissions accrued to brokers		$	6,437			$	1,400
Total commissions as an annualized percentage of average net assets			0.04	%			0.01	%
Commissions accrued as a result of rebalancing		$	4,323			$	999
Percentage of commissions accrued as a result of rebalancing			67.16	%			71.36	%
Commissions accrued as a result of creation and redemption activity		$	2,114			$	401
Percentage of commissions accrued as a result of creation and redemption activity			32.84	%			28.64	%

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- Definition

Tabular disclosure of fees earned by the broker commission.

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