XML 52 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements Of Changes In Trust Capital
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
USD ($)
$ / item
shares
Jun. 30, 2016
USD ($)
$ / item
shares
Jun. 30, 2017
USD ($)
$ / item
shares
Jun. 30, 2016
USD ($)
$ / item
shares
Dec. 31, 2016
USD ($)
$ / item
shares
Dec. 31, 2015
USD ($)
$ / item
shares
Dec. 31, 2014
USD ($)
shares
Trust capital, Beginning     $ 223,164,728 $ 208,845,956 $ 208,845,956 $ 240,589,206 $ 288,237,729
Subscriptions     8,479,825 3,654,097 27,650,352 6,709,837 2,471,290
Redemptions     (16,237,433) (15,494,737) (34,815,738) (44,390,927) (82,020,125)
Addt'l units allocated        
Net income after profit share to Managing Owner $ (10,996,760) $ 11,741,522 (4,177,569) 29,562,507 20,932,576 5,709,484 31,780,714
Net income (loss) before profit share to Managing Owner (11,178,146) 12,023,106 (4,159,217) 30,225,754 21,484,158 5,937,840 31,900,312
Profit share to Managing Owner: 181,386 (281,584) (18,352) (663,247) (551,582) (228,356) (119,598)
Transfer Of New Profit Memo Account To Managing Owner        
Trust capital, Ending 211,229,551 226,567,823 211,229,551 226,567,823 223,164,728 208,845,956 240,589,206
Series 1 Unitholders [Member]              
Trust capital, Beginning     $ 189,583,168 $ 180,146,458 $ 180,146,458 $ 213,611,159 $ 257,057,401
Trust capital, units, Beginning | shares     158,499.560 164,988.926 164,988.926 199,292.051 269,666.902
Subscriptions     $ 3,227,402 $ 1,428,700 $ 22,162,866 $ 4,012,715 $ 1,603,650
Subscriptions, units | shares     2,646.090 1,227.080 17,959.432 3,741.139 1,573.989
Redemptions     $ (13,524,240) $ (14,420,742) $ (29,744,512) $ (41,449,373) $ (71,899,612)
Redemptions, units | shares     (11,148.411) (12,228.705) (24,785.236) (38,398.137) (72,423.402)
Addt'l units allocated        
Addt'l units allocated, units | shares     202.652 [1] 146.503 [1] 336.438 353.873 474.562
Net income after profit share to Managing Owner         $ 17,018,356 $ 3,971,957 $ 26,849,720
Net income (loss) before profit share to Managing Owner     $ (4,134,618) $ 25,145,839      
Profit share to Managing Owner:        
Managing Ownder's profit share, units | shares        
Transfer Of New Profit Memo Account To Managing Owner        
Transfer Of New Profit Memo Account To Managing Owner, units | shares          
Trust capital, Ending $ 175,151,712 $ 192,300,255 $ 175,151,712 $ 192,300,255 $ 189,583,168 $ 180,146,458 $ 213,611,159
Trust capital, units, Ending | shares 150,199.891 154,133.804 150,199.891 154,133.804 158,499.560 164,988.926 199,292.051
Net asset value per unit outstanding | $ / item 1,166.12 1,247.62 1,166.12 1,247.62 1,196.11 1,091.87  
Series 2 Unitholders [Member]              
Trust capital, Beginning     $ 10,350 $ 53,412 $ 53,412 $ 50,872 $ 156,016
Trust capital, units, Beginning | shares     6.799 39.121 39.121 39.121 139.796
Subscriptions       $ 10,000 $ 10,000
Subscriptions, units | shares       6.799 6.799
Redemptions       $ (57,537) $ (57,537) $ (118,925)
Redemptions, units | shares       (39.121) (39.121) (100.675)
Addt'l units allocated        
Addt'l units allocated, units | shares        
Net income after profit share to Managing Owner         $ 4,475 $ 2,540 $ 13,781
Net income (loss) before profit share to Managing Owner     $ (49) $ 5,792      
Profit share to Managing Owner:     (6) (1,143)
Managing Ownder's profit share, units | shares        
Transfer Of New Profit Memo Account To Managing Owner        
Transfer Of New Profit Memo Account To Managing Owner, units | shares          
Trust capital, Ending $ 10,295 $ 10,524 $ 10,295 $ 10,524 $ 10,350 $ 53,412 $ 50,872
Trust capital, units, Ending | shares 6.799 6.799 6.799 6.799 6.799 39.121 39.121
Net asset value per unit outstanding | $ / item 1,514.19 1,547.87 1,514.19 1,547.87 1,522.28 1,365.30  
Series 3 Unitholders [Member]              
Trust capital, Beginning     $ 23,999,362 $ 19,275,026 $ 19,275,026 $ 18,216,525 $ 21,885,706
Trust capital, units, Beginning | shares     15,531.699 13,929.871 13,929.871 13,848.201 19,432.989
Subscriptions     $ 4,441,627 $ 1,770,494 $ 4,987,067 $ 2,126,191 $ 387,750
Subscriptions, units | shares     2,822.747 1,222.491 3,290.144 1,580.234 323.377
Redemptions     $ (2,710,550) $ (1,016,458) $ (2,560,874) $ (2,017,003) $ (7,176,774)
Redemptions, units | shares     (1,701.525) (685.567) (1,688.316) (1,498.564) (5,908.165)
Addt'l units allocated        
Addt'l units allocated, units | shares        
Net income after profit share to Managing Owner         $ 2,298,143 $ 949,313 $ 3,119,843
Net income (loss) before profit share to Managing Owner     $ (88,909) $ 3,346,174      
Profit share to Managing Owner:     (18,346) (662,104)
Managing Ownder's profit share, units | shares        
Transfer Of New Profit Memo Account To Managing Owner        
Transfer Of New Profit Memo Account To Managing Owner, units | shares          
Trust capital, Ending $ 25,623,184 $ 22,713,132 $ 25,623,184 $ 22,713,132 $ 23,999,362 $ 19,275,026 $ 18,216,525
Trust capital, units, Ending | shares 16,652.921 14,466.795 16,652.921 14,466.795 15,531.699 13,929.871 13,848.201
Net asset value per unit outstanding | $ / item 1,538.66 1,570.02 1,538.66 1,570.02 1,545.19 1,383.72  
Series 4 Unitholders [Member]              
Trust capital, Beginning     $ 5,201,994 $ 4,002,335 $ 4,002,335 $ 3,213,861 $ 2,305,510
Trust capital, units, Beginning | shares     2,828.734 2,541.689 2,541.689 2,216.197 1,906.624
Subscriptions     $ 792,444 $ 427,665 $ 490,419 $ 570,931 $ 479,890
Subscriptions, units | shares     429.604 253.335 287.045 387.872 392.910
Redemptions     $ (2,643)   $ (95,868) $ (105,216)
Redemptions, units | shares     (1.385)   (62.380) (83.337)
Addt'l units allocated        
Addt'l units allocated, units | shares        
Net income after profit share to Managing Owner         $ 709,240 $ 313,411 $ 533,677
Net income (loss) before profit share to Managing Owner     $ 36,642 $ 762,032      
Profit share to Managing Owner:        
Managing Ownder's profit share, units | shares        
Transfer Of New Profit Memo Account To Managing Owner        
Transfer Of New Profit Memo Account To Managing Owner, units | shares          
Trust capital, Ending $ 6,028,437 $ 5,192,032 $ 6,028,437 $ 5,192,032 $ 5,201,994 $ 4,002,335 $ 3,213,861
Trust capital, units, Ending | shares 3,256.953 2,795.024 3,256.953 2,795.024 2,828.734 2,541.689 2,216.197
Net asset value per unit outstanding | $ / item 1,850.94 1,857.60 1,850.94 1,857.60 1,838.98 1,574.68  
New Profit Memo Account [Member]              
Trust capital, Beginning    
Trust capital, units, Beginning | shares    
Subscriptions     $ 18,352 $ 17,238
Subscriptions, units | shares     15.071 14.607
Redemptions        
Redemptions, units | shares        
Addt'l units allocated        
Addt'l units allocated, units | shares     0.237 [1] 0.266 [1] 1.004 0.282
Net income after profit share to Managing Owner         $ 1,233 $ 327
Net income (loss) before profit share to Managing Owner     $ (685) $ 1,317      
Profit share to Managing Owner:         $ (551,582) $ (228,356) $ (119,598)
Managing Ownder's profit share, units | shares         462.177 209.161 113.995
Transfer Of New Profit Memo Account To Managing Owner         $ (552,815) $ (228,683) $ (119,598)
Transfer Of New Profit Memo Account To Managing Owner, units | shares         (463.181) (209.443) (113.995)
Trust capital, Ending $ 17,667 $ 18,555 $ 17,667 $ 18,555
Trust capital, units, Ending | shares 15.308 14.873 15.308 14.873
Managing Owner [Member]              
Trust capital, Beginning     $ 4,369,854 $ 5,368,725 $ 5,368,725 $ 5,496,789 $ 6,833,096
Trust capital, units, Beginning | shares     3,653.388 4,917.000 4,917.000 5,128.014 7,168.282
Subscriptions        
Subscriptions, units | shares        
Redemptions         $ (2,452,815) $ (828,683) $ (2,719,598)
Redemptions, units | shares         (2,051.664) (758.959) (2,590.292)
Addt'l units allocated        
Addt'l units allocated, units | shares     118.155 [1] 159.325 [1] 324.871 338.502 436.029
Net income after profit share to Managing Owner         $ 901,129 $ 471,936 $ 1,263,693
Net income (loss) before profit share to Managing Owner     $ 28,402 $ 964,600      
Profit share to Managing Owner:        
Managing Ownder's profit share, units | shares        
Transfer Of New Profit Memo Account To Managing Owner         $ 552,815 $ 228,683 $ 119,598
Transfer Of New Profit Memo Account To Managing Owner, units | shares         463.181 209.443 113.995
Trust capital, Ending $ 4,398,256 $ 6,333,325 $ 4,398,256 $ 6,333,325 $ 4,369,854 $ 5,368,725 $ 5,496,789
Trust capital, units, Ending | shares 3,771.543 5,076.325 3,771.543 5,076.325 3,653.388 4,917.000 5,128.014
[1] Additional units are issued to Series 1 Unitholders who are charged less than a 7% brokerage fee and the Managing Owner.