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v3.8.0.1

Statements of Financial Condition - USD ($) | Dec. 31, 2017 | Dec. 31, 2016
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $78,344,087 and $103,167,056, respectively) (Notes 2 and 5) | $ 78,344,087 | $ 103,167,056
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $14,167,416 and $8,297,821, respectively) | 14,167,416 | 8,297,821
Unrealized gain (loss) on open commodity futures contracts | 5,587,910 | 2,332,880
Receivable from General Partner (Note 3) | 331,433 | 189,745
Dividends receivable | 16,991 | 10,378
Interest receivable | 9,575 | 0
ETF transaction fees receivable | 350 | 700
Total assets | 98,457,762 | 113,998,580
Liabilities and Partners' Capital |  |
Payable for shares redeemed | 3,597,840 | 785,318
General Partner management fees payable (Note 3) | 61,483 | 74,409
Professional fees payable | 243,122 | 107,421
Brokerage commissions payable | 5,316 | 7,176
Directors' fees and insurance payable | 1,128 | 1,184
Total liabilities | 3,908,889 | 975,508
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 | 0
Limited Partners | 94,548,873 | 113,023,072
Total Partners' Capital | 94,548,873 | 113,023,072
Total liabilities and partners' capital | $ 98,457,762 | $ 113,998,580
Limited Partners' shares outstanding | 5,200,000 | 7,200,000
Net asset value per share | $ 18.18 | $ 15.7
Market value per share | $ 18.1 | $ 15.68

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