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v3.21.2

Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 46,991,360 | $ 125,227,920 | $ 137,142,260 | $ 58,538,990
Change in unrealized gain (loss) on open commodity futures contracts |  | 16,792,830 | 10,078,540 | 4,013,120 | (2,243,040)
Dividend income |  | 14,933 | 113,447 | 23,886 | 183,705
Interest income | [1] | 11,091 | 119,776 | 32,494 | 346,788
ETF transaction fees |  | 7,700 | 17,171 | 18,200 | 31,871
Total Income (Loss) |  | 63,817,914 | 135,556,854 | 141,229,960 | 56,858,314
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 604,779 | 601,981 | 1,268,752 | 755,535
Professional fees |  | 152,238 | 47,853 | 255,957 | 83,879
Brokerage commissions |  | 71,693 | 205,173 | 166,778 | 251,852
Directors' fees and insurance |  | 22,164 | 7,143 | 31,359 | 12,290
Registration fees |  | 64,610 | 81,500 | 128,510 | 81,500
Total Expenses |  | 915,484 | 943,650 | 1,851,356 | 1,185,056
Expense waiver (Note 3) |  | (63,046) | (220,204) | (202,151) | (276,795)
Net Expenses |  | 852,438 | 723,446 | 1,649,205 | 908,261
Net Income (Loss) |  | $ 62,965,476 | $ 134,833,408 | $ 139,580,755 | $ 55,950,053
Net Income (Loss) per limited partner share |  | $ 3.40 | $ 2.80 | $ 6.33 | $ (10.14)
Net Income (Loss) per weighted average limited partner share |  | $ 3.40 | $ 3.80 | $ 6.62 | $ 2.72
Weighted average limited partner shares outstanding |  | 18,492,222 | 35,495,604 | 21,083,702 | 20,566,484
[1] | Interest income does not exceed paid in kind of 5%.

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