XML 20 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 36,885,900 $ (34,717,960) $ 30,089,110 $ 102,557,650
Change in unrealized gain (loss) on open commodity futures contracts (100,100) (5,078,650) (16,634,600) (22,983,890)
Dividend income 1,515,886 428,835 3,655,191 727,283
Interest income [1] 619,977 645,493 3,047,970 723,719
ETF transaction fees 5,950 5,600 22,750 20,300
Total Income (Loss) 38,927,613 (38,716,682) 20,180,421 81,045,062
Expenses        
General Partner management fees 319,963 419,207 1,126,903 1,502,587
Professional fees 36,566 49,311 61,329 227,965
Brokerage commissions 29,599 38,485 117,619 133,526
Directors' fees and insurance 19,789 20,118 59,994 61,671
License fees 0 2,274 0 2,274
Registration fees 0 29,110 0 157,620
Total Expenses 405,917 558,505 1,365,845 2,085,643
Net Income (Loss) $ 38,521,696 $ (39,275,187) $ 18,814,576 $ 78,959,419
Net Income (Loss) per limited partner share $ 6.57 $ (5.44) $ 3.80 $ 6.37
Net Income (Loss) per weighted average limited partner share $ 6.62 $ (5.37) $ 2.56 $ 8.70
Weighted average limited partner shares outstanding 5,820,109 7,308,696 7,338,828 9,078,205
[1] Interest income does not exceed paid in kind of 5%.