XML 20 R5.htm IDEA: XBRL DOCUMENT 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%.