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v3.21.1

Condensed Statements of Cash Flows - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Cash Flows from Operating Activities: |  |  |
Net income (loss) |  | $ 41,440,395 | $ (25,119,958)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |
Change in unrealized (gain) loss on open commodity futures contracts |  | (8,340,980) | 24,361,247
(Increase) decrease in dividends receivable |  | (3,466) | 9,571
(Increase) decrease in interest receivable |  | 6,665 | 5,576
(Increase) decrease in prepaid insurance | [1] | (39,454) | (4,480)
(Increase) decrease in prepaid registration fees |  | 37,350 | 0
(Increase) decrease in ETF transaction fees receivable |  | 0 | (350)
Increase (decrease) in payable due to Broker |  | 10,714,829 | 0
Increase (decrease) in General Partner management fees payable |  | 8,217 | (7,897)
Increase (decrease) in professional fees payable |  | (44,086) | (53,646)
Increase (decrease) in brokerage commissions payable |  | 0 | 1,080
Increase (decrease) in directors' fees payable | [1] | 148 | (473)
Increase (decrease) in license fees payable | [1] | (185) | (352)
Net cash provided by (used in) operating activities |  | 43,779,433 | (809,682)
Cash Flows from Financing Activities: |  |  |
Addition of partnership shares |  | 0 | 20,860,352
Redemption of partnership shares |  | (40,340,230) | (3,396,329)
Net cash provided by (used in) financing activities |  | (40,340,230) | 17,464,023
Net Increase (Decrease) in Cash and Cash Equivalents |  | 3,439,203 | 16,654,341
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period |  | 182,551,168 | 51,606,975
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period |  | $ 185,990,371 | $ 68,261,316
[1] | Certain prior year amounts have been reclassified for consistency with the current presentation.

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