XML 35 R20.htm IDEA: XBRL DOCUMENT v3.20.2

CONTRACTS AND AGREEMENTS (Tables)

6 Months Ended

Jun. 30, 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”).

​

​	​	​	​	​	​	​	​
​	​	Six months		​	Six months		​
​	​	ended		​	ended		​
​		June 30, 2020		​	June 30, 2019		​
Total commissions accrued to brokers	​	$	74,177	​	$	3,857	​
Total commissions as annualized percentage of average total net assets	​		0.11	%		0.01	%
Commissions accrued as a result of rebalancing	​	$	16,605		$	3,446	​
Percentage of commissions accrued as a result of rebalancing	​		22.39	%		89.34	%
Commissions accrued as a result of creation and redemption activity	​	$	57,572		$	411	​
Percentage of commissions accrued as a result of creation and redemption activity	​		77.61	%		10.66	%

X

- References

No definition available.

+ Details

Name:	us-gaap_ContractorsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of fees earned by the broker commission.

+ References

No definition available.

+ Details

Name:	usl_BrokerageCommissionsTableTextBlock
Namespace Prefix:	usl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration