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v3.7.0.1

Condensed Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized gain (loss) on closed futures contracts | $ (10,510,330) | $ 18,909,681 | $ (20,620,370) | $ 23,110,490
Change in unrealized gain (loss) on open futures contracts | 1,697,740 | 4,187,820 | 3,364,120 | 6,533,930
Dividend income | 38,427 | 13,565 | 78,655 | 17,320
Interest income | 138,715 | 83,874 | 239,850 | 136,912
ETF transaction fees | 3,500 | 3,500 | 4,550 | 8,050
Total income (loss) | (8,631,948) | 23,198,440 | (16,933,195) | 29,806,702
Expenses |  |  |  |
General Partner management fees (Note 3) | 186,713 | 231,921 | 385,423 | 410,023
Professional fees | 59,486 | 38,229 | 186,544 | 76,457
Brokerage commissions | 37,844 | 41,196 | 67,768 | 94,468
Directors' fees and insurance | 3,231 | 3,265 | 6,250 | 5,713
Total expenses | 287,274 | 314,611 | 645,985 | 586,661
Expense waiver (Note 3) | (63,219) | (36,554) | (183,478) | (96,316)
Net expenses | 224,055 | 278,057 | 462,507 | 490,345
Net income (loss) | $ (8,856,003) | $ 22,920,383 | $ (17,395,702) | $ 29,316,357
Net income (loss) per limited partnership share | $ (1.53) | $ 2.55 | $ (2.73) | $ 2.64
Net income (loss) per weighted average limited partnership share | $ (1.21) | $ 2.62 | $ (2.41) | $ 3.40
Weighted average limited partnership shares outstanding | 7,294,505 | 8,739,011 | 7,230,110 | 8,616,484

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