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Condensed Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:        
Net income (loss) $ 38,521,696 $ (39,275,187) $ 18,814,576 $ 78,959,419
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Change in unrealized (gain) loss on open commodity futures contracts     16,634,600 22,983,890
(Increase) decrease in related party receivable     0 4,500,000
(Increase) decrease in dividends receivable     (124,311) (140,569)
(Increase) decrease in interest receivable     143,785 (181,939)
(Increase) decrease in investment securities sold     0  
(Increase) decrease in prepaid other     0 (4,101)
(Increase) decrease in prepaid insurance [1]     (13,634) (14,551)
(Increase) decrease in ETF transaction fees receivable     350  
Increase (decrease) payable due to custody     0  
Increase (decrease) in General Partner management fees payable     (51,929) (20,372)
Increase (decrease) in professional fees payable     (333,994) 278,106
Increase (decrease) in brokerage commissions payable     163 (11,247)
Increase (decrease) in directors' fees payable [1]     (1,446) (111)
Increase (decrease) in registration fees payable     0 (164,568)
Net cash provided by (used in) operating activities     35,068,160 106,183,957
Cash Flows from Financing Activities:        
Addition of partnership shares     81,754,114 168,447,678
Redemption of partnership shares     (165,130,104) (274,954,618)
Net cash provided by (used in) financing activities     (83,375,990) (106,506,940)
Net Increase (Decrease) in Cash and Cash Equivalents     (48,307,830) (322,983)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period     219,126,256 209,980,620
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period 170,818,426 209,657,637 170,818,426 209,657,637
Components of Cash, Cash Equivalents, and Equity in Trading Accounts        
Cash and cash equivalents 118,327,963 74,896,084 118,327,963 74,896,084
Equity in Trading Accounts:        
Cash and cash equivalents 52,490,463 134,761,553 52,490,463 134,761,553
Total Cash, Cash Equivalents and Equity in Trading Accounts $ 170,818,426 $ 209,657,637 $ 170,818,426 $ 209,657,637
[1] Certain prior year amounts have been reclassified for consistency with the current presentation.