XML 22 R6.htm IDEA: XBRL DOCUMENT 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%.