XML 33 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Gain (loss) on trading of commodity futures contracts:    
Realized gain (loss) on closed futures contracts $ (837,283) $ (1,433,368)
Change in unrealized gain (loss) on open futures contracts (24,361,247) 14,594,318
Realized gain (loss) on short-term investments 1,240 0
Dividend income 30,245 70,220
Interest income [1] 146,528 272,033
ETF transaction fees 5,950 700
Total income (loss) (25,014,567) 13,503,903
Expenses    
General Partner management fees (Note 3) 68,271 88,614
Professional fees 27,145 38,096
Brokerage commissions 5,146 1,872
Directors' fees and insurance 3,122 3,267
License fees 1,707 2,215
Total expenses 105,391 134,064
Net income (loss) $ (25,119,958) $ 13,369,839
Net income (loss) per limited partnership share $ (10.79) $ 4.70
Net income (loss) per weighted average limited partnership share $ (10.03) $ 4.70
Weighted average limited partnership shares outstanding 2,503,846 2,842,222
[1] Interest income does not exceed paid in kind of 5%.