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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of valuation of securities using fair value hierarchy


At September 30, 2022		Total			Level I			Level II			Level III
Short-Term Investments		$	72,985,000		$	72,985,000		$	—		$	—
Exchange-Traded Futures Contracts
Foreign Contracts			(10,501,550)			(10,501,550)			—			—


At December 31, 2021		Total			Level I			Level II			Level III
Short-Term Investments		$	145,447,000		$	145,447,000		$	—		$	—
Exchange-Traded Futures Contracts
Foreign Contracts			12,482,340			12,482,340			—			—

Schedule of fair value of derivative instruments


		Condensed
		Statements of
		Financial		Fair Value			Fair Value
		Condition		at September 30,			at December 31,
Derivatives not Accounted for as Hedging Instruments		Location		2022			2021
Futures - Commodity Contracts		Assets		$	(10,501,550)		$	12,482,340

Schedule of effect of derivative instruments on condensed statements of operations

For the nine months ended

For the nine months ended

September 30, 2022

September 30, 2021

Change in Unrealized

Change in Unrealized

Derivatives not

Location of Gain

Realized gain (Loss)

Gain (Loss) on

Realized Gain (Loss)

Gain (Loss) on

Accounted for as

(Loss) on Derivatives

on Derivatives

Derivatives

on Derivatives

Derivatives

Hedging Instruments

Recognized in Income

Recognized in Income

Recognized in Income

Recognized in Income

Recognized in Income

Futures - Commodity Contracts

Realized gain (loss) on

closed positions

$

102,557,650

$

147,368,380

Change in unrealized

gain (loss) on open

positions

$

(22,983,890)

$

11,268,830

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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