XML 20 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ 474,575 $ (2,593,212) $ 6,619,094 $ (11,989,372)
Change in unrealized gain (loss) on open futures contracts (10,335,615) 22,450,323 (27,523,684) 33,311,833
Dividend income 43,444 13,521 86,469 18,921
Interest income 144,453 74,966 252,931 119,023
ETF transaction fees 2,800 2,450 4,550 9,800
Total income (loss) (9,670,343) 19,948,048 (20,560,640) 21,470,205
Expenses        
General Partner management fees (Note 3) 159,419 177,299 332,486 308,463
Professional fees 53,800 20,021 125,800 42,976
Brokerage commissions 4,709 3,747 8,841 12,416
Directors' fees and insurance 3,468 2,754 6,588 5,035
License fees 3,985 4,433 8,312 7,712
Total expenses 225,381 208,254 482,027 376,602
Net income (loss) $ (9,895,724) $ 19,739,794 $ (21,042,667) $ 21,093,603
Net income (loss) per limited partnership share $ (1.73) $ 2.99 $ (3.6) $ 2.34
Net income (loss) per weighted average limited partnership share $ (1.63) $ 3.04 $ (3.48) $ 3.47
Weighted average limited partnership shares outstanding 6,056,044 6,497,802 6,047,790 6,078,846