XML 20 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ (5,783,470) $ 11,895,420 $ 7,447,370 $ 17,521,380
Change in unrealized gain (loss) on open futures contracts 5,475,600 2,224,890 11,816,880 1,048,950
Dividend income 173,562 99,739 321,813 170,568
Interest income [1] 378,553 290,948 751,446 539,981
ETF transaction fees 2,100 2,800 4,550 5,600
Total income (loss) 246,345 14,513,797 20,342,059 19,286,479
Expenses        
General Partner management fees (Note 3) 175,319 182,530 341,364 357,728
Professional fees 8,727 26,351 17,357 93,518
Brokerage commissions 25,440 24,361 51,724 48,093
Directors' fees and insurance 4,288 4,031 8,587 7,395
Total expenses 213,774 237,273 419,032 506,734
Expense waiver (Note 3) (3,391) (18,291) (9,395) (77,459)
Net expenses 210,383 218,982 409,637 429,275
Net income (loss) $ 35,962 $ 14,294,815 $ 19,932,422 $ 18,857,204
Net income (loss) per limited partnership share $ (0.09) $ 3.08 $ 3.95 $ 4.03
Net income (loss) per weighted average limited partnership share $ 0.01 $ 3.04 $ 4.09 $ 3.83
Weighted average limited partnership shares outstanding 4,769,780 4,697,802 4,877,901 4,927,072
[1] Interest income does not exceed paid in kind of 5%.