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v3.20.1

Statements of Financial Condition - USD ($) | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $45,166,882 and $42,728,472, respectively) (Notes 2 and 5) | $ 45,166,882 | $ 42,728,472
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $6,440,093 and $24,000,253, respectively) | 6,440,093 | 24,000,253
Unrealized gain (loss) on open commodity futures contracts | 3,602,591 | (15,772,193)
Dividends receivable | 12,950 | 895
Interest receivable | 6,320 | 1,164
Prepaid insurance | 1,441 | 1,432
Total assets | 55,230,277 | 50,960,023
Liabilities and Partners' Capital |  |
General Partner management fees payable (Note 3) | 28,094 | 27,633
Professional fees payable | 119,417 | 127,321
Brokerage commissions payable | 3,422 | 3,422
Directors' fees payable | 1,953 | 1,803
License fees payable | 352 | 1,214
Total liabilities | 153,238 | 161,393
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 | 0
Limited Partners | 55,077,039 | 50,798,630
Total Partners' Capital | 55,077,039 | 50,798,630
Total liabilities and partners' capital | $ 55,230,277 | $ 50,960,023
Limited Partners' shares outstanding | 2,400,000 | 2,850,000
Net asset value per share | $ 22.95 | $ 17.82
Market value per share | $ 22.99 | $ 17.96

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