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CONTRACTS AND AGREEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2019
CONTRACTS AND AGREEMENTS |
Schedule of 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 nine months |  | For the nine months |
|  | ended |  | ended |
|  | September 30, 2019 |  | September 30, 2018 |
Total commissions accrued to brokers |  | $ | 5,484 |  | $ | 5,501 |
Total commissions as annualized percentage of average total net assets |  |  | 0.01 | % |  | 0.01 | %
Commissions accrued as a result of rebalancing |  | $ | 5,021 |  | $ | 4,520 |
Percentage of commissions accrued as a result of rebalancing |  |  | 91.56 | % |  | 82.17 | %
Commissions accrued as a result of creation and redemption activity |  | $ | 463 |  | $ | 981 |
Percentage of commissions accrued as a result of creation and redemption activity |  |  | 8.44 | % |  | 17.83 | %

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- Definition Tabular disclosure of fees earned by the broker commission. + References No definition available. + Details
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