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v3.20.1

Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized gain (loss) on closed futures contracts |  | $ 18,175,420 | $ (4,153,140) | $ 12,264,400
Change in unrealized gain (loss) on open futures contracts |  | 7,451,120 | (11,877,420) | 3,255,030
Dividend income |  | 533,922 | 408,899 | 173,888
Interest income | [1] | 1,383,419 | 1,284,171 | 654,768
ETF transaction fees |  | 6,650 | 13,300 | 10,850
Total income (loss) |  | 27,550,531 | (14,324,190) | 16,358,936
Expenses |  |  |  |
General Partner management fees (Note 3) |  | 656,053 | 721,836 | 756,539
Professional fees |  | 90,200 | 111,160 | 336,708
Brokerage commissions |  | 101,742 | 98,880 | 132,707
Directors' fees and insurance |  | 19,301 | 15,970 | 13,325
Total expenses |  | 867,296 | 947,846 | 1,239,279
Expense waiver (Note 3) |  | (80,032) | (81,642) | (331,433)
Net expenses |  | 787,264 | 866,204 | 907,846
Net income (loss) |  | $ 26,763,267 | $ (15,190,394) | $ 15,451,090
Net income (loss) per limited partnership share |  | $ 5.73 | $ (3.00) | $ 2.48
Net income (loss) per weighted average limited partnership share |  | $ 5.76 | $ (3.14) | $ 2.24
Weighted average limited partnership shares outstanding |  | 4,646,301 | 4,836,438 | 6,888,630
[1] | Interest income does not exceed paid in kind of 5%.

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