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v3.19.1

Statements of Financial Condition - USD ($) | Dec. 31, 2018 | Dec. 31, 2017
--- | --- | ---
Assets |  |
Cash and cash equivalents (at cost $62,639,874 and $78,344,087, respectively) (Notes 2 and 5) | $ 62,639,874 | $ 78,344,087
Equity in trading accounts: |  |
Cash and cash equivalents (at cost $17,417,768 and $14,167,416, respectively) | 17,417,768 | 14,167,416
Unrealized gain (loss) on open commodity futures contracts | (6,289,510) | 5,587,910
Receivable from General Partner (Note 3) | 81,642 | 331,433
Dividends receivable | 17,812 | 16,991
Interest receivable | 1,387 | 9,575
ETF transaction fees receivable | 0 | 350
Total assets | 73,868,973 | 98,457,762
Liabilities and Partners' Capital |  |
Payable for shares redeemed | 0 | 3,597,840
General Partner management fees payable (Note 3) | 50,008 | 61,483
Professional fees payable | 190,142 | 243,122
Brokerage commissions payable | 2,816 | 5,316
Directors' fees and insurance payable | 1,379 | 1,128
Total liabilities | 244,345 | 3,908,889
Commitments and Contingencies (Notes 3, 4 and 5) |  |
Partners' Capital |  |
General Partner | 0 | 0
Limited Partners | 73,624,628 | 94,548,873
Total Partners' Capital | 73,624,628 | 94,548,873
Total liabilities and partners' capital | $ 73,868,973 | $ 98,457,762
Limited Partners' shares outstanding | 4,850,000 | 5,200,000
Net asset value per share | $ 15.18 | $ 18.18
Market value per share | $ 15.33 | $ 18.10

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