XML 46 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed positions $ 3,540,292 $ 90,420 $ 5,265,672 $ (7,660)
Change in unrealized gain (loss) on open positions 8,658,588 1,946,700 4,469,818 1,670,430
Dividend income 997 462 1,519 499
Interest income 14,933 2,240 23,050 3,991
ETF transaction fees 3,500 3,500 14,000 6,650
Total income (loss) 12,218,310 2,043,322 9,774,059 1,673,910
Expenses        
General Partner management fees (Note 3) 215,855 74,335 369,290 124,030
Professional fees 39,028 41,132 70,306 81,812
Brokerage commissions 30,188 6,641 55,765 10,750
Directors' fees and insurance 3,029 2,486 5,576 4,421
Total expenses 288,100 124,594 500,937 221,013
Expense waiver (Note 3) (30,764) (26,964) (58,441) (57,705)
Net expenses 257,336 97,630 442,496 163,308
Net income (loss) $ 11,960,974 $ 1,945,692 $ 9,331,563 $ 1,510,602
Net income (loss) per limited partnership share $ 2.15 $ 2.29 $ 0.24 $ 1.54
Net income (loss) per weighted average limited partnership share $ 2.38 $ 2.16 $ 2.08 $ 1.98
Weighted average limited partnership shares outstanding 5,032,967 900,000 4,480,110 764,088