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v3.20.4

Condensed Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Gain (loss) on trading of commodity futures contracts: |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 119,917,640 | $ 18,175,420 | $ (4,153,140)
Change in unrealized gain (loss) on open commodity futures contracts |  | 1,034,920 | 7,451,120 | (11,877,420)
Dividend income |  | 253,607 | 533,922 | 408,899
Interest income | [1] | 411,917 | 1,383,419 | 1,284,171
ETF transaction fees |  | 48,671 | 6,650 | 13,300
Total Income (Loss) |  | 121,666,755 | 27,550,531 | (14,324,190)
Expenses |  |  |  |
General Partner management fees (Note 3) |  | 2,152,372 | 656,053 | 721,836
Professional fees |  | 280,082 | 90,200 | 111,160
Brokerage commissions |  | 548,601 | 101,742 | 98,880
Directors' fees and insurance |  | 28,104 | 19,301 | 15,970
Registration fees |  | 234,290 | 0 | 0
Total Expenses |  | 3,243,449 | 867,296 | 947,846
Expense waiver (Note 3) |  | (660,603) | (80,032) | (81,642)
Net Expenses |  | 2,582,846 | 787,264 | 866,204
Net Income (Loss) |  | $ 119,083,909 | $ 26,763,267 | $ (15,190,394)
Net Income (Loss) per limited partner share |  | $ (8.00) | $ 5.73 | $ (3.00)
Net Income (Loss) per weighted average limited partner share |  | $ 4.45 | $ 5.76 | $ (3.14)
Weighted average limited partner shares outstanding |  | 26,763,425 | 4,646,301 | 4,836,438
[1] | Interest income does not exceed paid in kind of 5%.

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