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v3.19.3

Condensed Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed futures contracts |  | $ (2,101,373) | $ 7,166,117 | $ (4,026,962) | $ 17,430,373
Change in unrealized gain (loss) on open futures contracts |  | (2,236,727) | (2,150,147) | 10,893,372 | 3,311,927
Dividend income |  | 51,826 | 65,990 | 202,243 | 180,227
Interest income | [1] | 237,051 | 322,972 | 775,700 | 851,226
ETF transaction fees |  | 350 | 1,750 | 3,500 | 5,250
Total income (loss) |  | (4,048,873) | 5,406,682 | 7,847,853 | 21,779,003
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 79,675 | 120,405 | 255,832 | 374,286
Professional fees |  | 27,442 | 34,342 | 104,058 | 108,757
Brokerage commissions |  | 1,627 | 2,282 | 5,484 | 5,501
Directors' fees and insurance |  | 3,393 | 3,642 | 9,398 | 10,456
License fees |  | 1,992 | 3,010 | 6,396 | 9,357
Total expenses |  | 114,129 | 163,681 | 381,168 | 508,357
Net income (loss) |  | $ (4,163,002) | $ 5,243,001 | $ 7,466,685 | $ 21,270,646
Net income (loss) per limited partnership share |  | $ (1.64) | $ 1.77 | $ 2.34 | $ 6.09
Net income (loss) per weighted average limited partnership share |  | $ (1.66) | $ 1.64 | $ 2.82 | $ 5.98
Weighted average limited partnership shares outstanding |  | 2,505,435 | 3,187,500 | 2,651,465 | 3,557,875
[1] | Interest income does not exceed paid in kind of 5%.

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