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CONTRACTS AND AGREEMENTS (Tables)

9 Months Ended

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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Tabular disclosure of fees earned by the broker commission.

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