XML 20 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ 18,646,860 $ (10,888,200) $ (1,973,510) $ 12,222,290
Change in unrealized gain (loss) on open futures contracts (3,290,500) 9,361,660 73,620 15,895,590
Dividend income 45,263 17,861 123,918 35,181
Interest income [1] 197,412 77,019 437,262 213,931
ETF transaction fees 3,850 1,400 8,400 9,450
Total income (loss) 15,602,885 (1,430,260) (1,330,310) 28,376,442
Expenses        
General Partner management fees (Note 3) 187,877 209,072 573,300 619,095
Professional fees 65,296 47,399 251,840 123,856
Brokerage commissions 35,755 36,202 103,523 130,670
Directors' fees and insurance 3,476 2,923 9,726 8,636
Total expenses 292,404 295,596 938,389 882,257
Expense waiver (Note 3) (66,850) (43,026) (250,328) (139,342)
Net expenses 225,554 252,570 688,061 742,915
Net income (loss) $ 15,377,331 $ (1,682,830) $ (2,018,371) $ 27,633,527
Net income (loss) per limited partnership share $ 2.22 $ (0.27) $ (0.51) $ 2.37
Net income (loss) per weighted average limited partnership share $ 2.13 $ (0.21) $ (0.28) $ 3.29
Weighted average limited partnership shares outstanding 7,221,739 7,966,848 7,227,289 8,398,358
[1] Interest income does not exceed paid in kind of 5%.