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v3.3.1.900

Statements of Financial Condition - USD ($) | Dec. 31, 2015 | Dec. 31, 2014
--- | --- | ---
Assets |  |
Cash and cash equivalents (Notes 2 and 5) | $ 61,380,282 | $ 33,464,533
Equity in trading accounts: |  |
Cash and cash equivalents | 29,320,958 | 19,785,491
Unrealized gain (loss) on open commodity futures contracts | (19,971,629) | (17,096,060)
Receivable for shares sold | 0 | 1,329,738
Dividends receivable | 204 | 640
ETF transaction fees receivable | 0 | 350
Total assets | 70,729,815 | 37,484,692
Liabilities and Partners' Capital |  |
General Partner management fees payable (Note 3) | 34,039 | 17,971
Professional fees payable | 153,445 | 230,056
Brokerage commissions payable | 5,162 | 2,012
Directors' fees and insurance payable | 742 | 16
License fees payable | 2,830 | 1,712
Total liabilities | $ 196,218 | $ 251,767
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | $ 0 | $ 0
Limited Partners | 70,533,597 | 37,232,925
Total Partners' Capital | 70,533,597 | 37,232,925
Total liabilities and partners' capital | $ 70,729,815 | $ 37,484,692
Limited Partners' shares outstanding | 4,150,000 | 1,400,000
Net asset value per share | $ 17 | $ 26.59
Market value per share | $ 17.02 | $ 26.82

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