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v3.19.2

Condensed Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed futures contracts |  | $ (492,221) | $ 5,789,281 | $ (1,925,589) | $ 10,264,256
Change in unrealized gain (loss) on open futures contracts |  | (1,464,219) | 3,598,029 | 13,130,099 | 5,462,074
Dividend income |  | 80,197 | 60,127 | 150,417 | 114,237
Interest income | [1] | 266,616 | 287,399 | 538,649 | 528,254
ETF transaction fees |  | 2,450 | 1,050 | 3,150 | 3,500
Total income (loss) |  | (1,607,177) | 9,735,886 | 11,896,726 | 16,372,321
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 87,543 | 126,585 | 176,157 | 253,881
Professional fees |  | 38,520 | 36,319 | 76,616 | 74,415
Brokerage commissions |  | 1,985 | 2,645 | 3,857 | 3,219
Directors' fees and insurance |  | 2,738 | 3,583 | 6,005 | 6,814
License fees |  | 2,189 | 3,165 | 4,404 | 6,347
Total expenses |  | 132,975 | 172,297 | 267,039 | 344,676
Net income (loss) |  | $ (1,740,152) | $ 9,563,589 | $ 11,629,687 | $ 16,027,645
Net income (loss) per limited partnership share |  | $ (0.72) | $ 2.72 | $ 3.98 | $ 4.32
Net income (loss) per weighted average limited partnership share |  | $ (0.67) | $ 2.70 | $ 4.27 | $ 4.28
Weighted average limited partnership shares outstanding |  | 2,610,440 | 3,541,758 | 2,725,691 | 3,746,133
[1] | Interest income does not exceed paid in kind of 5%.

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