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v3.20.2

Condensed Statements of Financial Condition - USD ($) | Sep. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Assets |  |  |
Cash and cash equivalents (at cost $187,052,113 and $45,166,882, respectively) (Notes 2 and 5) |  | $ 187,052,113 | $ 45,166,882
Equity in trading accounts: |  |  |
Cash and cash equivalents (at cost $0 and $6,440,093, respectively) |  | 0 | 6,440,093
Unrealized gain (loss) on open commodity futures contracts |  | 37,172,030 | 3,602,591
Dividends receivable |  | 2,329 | 12,950
Interest receivable |  | 3,352 | 6,320
Prepaid insurance | [1] | 2,953 | 1,441
Prepaid registration fees |  | 93,587 | 0
ETF transaction fees receivable |  | 364 | 0
Total Assets |  | 224,326,728 | 55,230,277
Liabilities and Partners' Capital |  |  |
Payable due to Broker |  | 10,212,377 | 0
Payable for shares redeemed |  | 1,511,374 | 0
General Partner management fees payable (Note 3) |  | 107,332 | 28,094
Professional fees payable |  | 122,655 | 119,417
Brokerage commissions payable |  | 12,602 | 3,422
Directors' fees payable | [1] | 3,240 | 1,953
License fees payable |  | 8,454 | 352
Total Liabilities |  | 11,978,034 | 153,238
Partners' Capital |  |  |
General Partners |  | 0 | 0
Limited Partners |  | 212,348,694 | 55,077,039
Total Partners' Capital |  | 212,348,694 | 55,077,039
Total Liabilities and Partners' Capital |  | $ 224,326,728 | $ 55,230,277
Limited Partners' shares outstanding |  | 14,050,000 | 2,400,000
Net asset value per share |  | $ 15.11 | $ 22.95
Market value per share |  | $ 15.05 | $ 22.99
[1] | Certain prior year amounts have been reclassified for consistency with the current presentation.

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