XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 125,227,920 $ (5,783,470) $ 58,538,990 $ 7,447,370
Change in unrealized gain (loss) on open commodity futures contracts 10,078,540 5,475,600 (2,243,040) 11,816,880
Dividend income 113,447 173,562 183,705 321,813
Interest income [1] 119,776 378,553 346,788 751,446
ETF transaction fees 17,171 2,100 31,871 4,550
Total Income (Loss) 135,556,854 246,345 56,858,314 20,342,059
Expenses        
General Partner management fees (Note 3) 601,981 175,319 755,535 341,364
Professional fees 47,853 8,727 83,879 17,357
Brokerage commissions 205,173 25,440 251,852 51,724
Directors' fees and insurance 7,143 4,288 12,290 8,587
Registration fees 81,500   81,500 0
Total Expenses 943,650 213,774 1,185,056 419,032
Expense waiver (220,204) (3,391) (276,795) (9,395)
Net Expenses 723,446 210,383 908,261 409,637
Net Income (Loss) $ 134,833,408 $ 35,962 $ 55,950,053 $ 19,932,422
Net Income (Loss) per limited partner share $ 2.80 $ (0.09) $ (10.14) $ 3.95
Net Income (Loss) per weighted average limited partner share $ 3.80 $ 0.01 $ 2.72 $ 4.09
Weighted average limited partner shares outstanding 35,495,604 4,769,780 20,566,484 4,877,901
[1] Interest income does not exceed paid in kind of 5%.