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v3.21.2

Condensed Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 34,289,110 | $ 11,487,803 | $ 67,813,560 | $ 10,650,520
Change in unrealized gain (loss) on open commodity futures contracts |  | 6,735,360 | 87,135,286 | 15,076,340 | 62,774,039
Realized gain (loss) on short-term investments |  | 0 | 0 | 0 | 1,240
Dividend income |  | 9,724 | 81,659 | 16,155 | 111,904
Interest income | [1] | 3,095 | 67,904 | 13,756 | 214,432
ETF transaction fees |  | 4,550 | 15,064 | 8,400 | 21,014
Total Income (Loss) |  | 41,041,839 | 98,787,716 | 82,928,211 | 73,773,149
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 297,747 | 341,764 | 611,551 | 410,035
Professional fees |  | 104,213 | 47,256 | 177,829 | 74,401
Brokerage commissions |  | 7,974 | 69,031 | 15,806 | 74,177
Directors' fees and insurance |  | 13,800 | 4,780 | 19,330 | 7,902
License fees |  | 7,444 | 8,544 | 15,289 | 10,251
Registration fees |  | 37,765 | 39,650 | 75,115 | 39,650
Total Expenses |  | 468,943 | 511,025 | 914,920 | 616,416
Net Income (Loss) |  | $ 40,572,896 | $ 98,276,691 | $ 82,013,291 | $ 73,156,733
Net Income (Loss) per limited partner share |  | $ 4.72 | $ 2.54 | $ 8.38 | $ (8.25)
Net Income (Loss) per weighted average limited partner share |  | $ 4.74 | $ 5.43 | $ 8.57 | $ 7.10
Weighted average limited partner shares outstanding |  | 8,566,667 | 18,098,901 | 9,571,823 | 10,301,374
[1] | * Interest income does not exceed paid in kind of 5%.

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