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v3.21.1

Condensed Statements of Operations - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Gain (loss) on trading of commodity futures contracts: |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 90,150,900 | $ (66,688,930)
Change in unrealized gain (loss) on open commodity futures contracts |  | (12,779,710) | (12,321,580)
Dividend income |  | 8,953 | 70,258
Interest income | [1] | 21,403 | 227,012
ETF transaction fees |  | 10,500 | 14,700
Total Income (Loss) |  | 77,412,046 | (78,698,540)
Expenses |  |  |
General Partner management fees (Note 3) |  | 663,973 | 153,554
Professional fees |  | 103,719 | 36,026
Brokerage commissions |  | 95,085 | 46,679
Directors' fees and insurance |  | 9,195 | 5,147
Registration fees |  | 63,900 | 0
Total Expenses |  | 935,872 | 241,406
Expense waiver (Note 3) |  | (139,105) | (56,591)
Net Expenses |  | 796,767 | 184,815
Net Income (Loss) |  | $ 76,615,279 | $ (78,883,355)
Net Income (Loss) per limited partner share |  | $ 2.93 | $ (12.94)
Net Income (Loss) per weighted average limited partner share |  | $ 3.24 | $ (13.99)
Weighted average limited partner shares outstanding |  | 23,677,222 | 5,637,363
[1] | Interest income does not exceed paid in kind of 5%.

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