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v3.20.2

Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 39,251,150 | $ (2,101,373) | $ 49,901,670 | $ (4,026,962)
Change in unrealized gain (loss) on open commodity futures contracts |  | (29,204,600) | (2,236,727) | 33,569,439 | 10,893,372
Realized gain (loss) on short-term investments |  | 0 | 0 | 1,240 | 0
Dividend income |  | 45,883 | 51,826 | 157,787 | 202,243
Interest income | [1] | 17,590 | 237,051 | 232,022 | 775,700
ETF transaction fees |  | 6,650 | 350 | 27,664 | 3,500
Total Income (Loss) |  | 10,116,673 | (4,048,873) | 83,889,822 | 7,847,853
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 367,521 | 79,675 | 777,556 | 255,832
Professional fees |  | 109,661 | 27,442 | 184,062 | 104,058
Brokerage commissions |  | 15,806 | 1,627 | 89,983 | 5,484
Directors' fees and insurance |  | 4,990 | 3,393 | 12,892 | 9,398
License fees |  | 9,188 | 1,992 | 19,439 | 6,396
Registration fees |  | 47,005 | 0 | 86,655 | 0
Total Expenses |  | 554,171 | 114,129 | 1,170,587 | 381,168
Net Income (Loss) |  | $ 9,562,502 | $ (4,163,002) | $ 82,719,235 | $ 7,466,685
Net Income (Loss) per limited partner share |  | $ 0.41 | $ (1.64) | $ (7.84) | $ 2.34
Net Income (Loss) per weighted average limited partner share |  | $ 0.61 | $ (1.66) | $ 6.83 | $ 2.82
Weighted average limited partner shares outstanding |  | 15,694,022 | 2,505,435 | 12,112,044 | 2,651,465
[1] | * Interest income does not exceed paid in kind of 5%.

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