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CONTRACTS AND AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2020

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 three months			For the three months
		ended			ended
		March 31, 2020			March 31, 2019
Total commissions accrued to brokers		$	5,146		$	1,872
Total commissions as annualized percentage of average total net assets			0.05	%		0.01	%
Commissions accrued as a result of rebalancing		$	2,701		$	1,823
Percentage of commissions accrued as a result of rebalancing			52.49	%		97.38	%
Commissions accrued as a result of creation and redemption activity		$	2,445		$	49
Percentage of commissions accrued as a result of creation and redemption activity			47.51	%		2.62	%

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Tabular disclosure of fees earned by the broker commission.

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