XML 20 R5.htm IDEA: XBRL DOCUMENT 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%.