XML 21 R6.htm IDEA: XBRL DOCUMENT 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%.