XML 24 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Statements of Income and Expenses - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income      
Interest Income $ 6,308,729 $ 715,663 $ 1,840,717
Dividends from Affiliates 139,113    
Total Income 6,447,842 715,663 1,840,717
Expenses      
Management Fee 19,189,799 24,818,382 45,609,981
Brokerage Commissions and Fees 759,634 1,171,437 1,428,704
Interest Expense [1] 141,261 277,439  
Total Expenses 20,090,694 26,267,258 47,038,685
Less: Waivers (68,552)    
Net Expenses 20,022,142 26,267,258 47,038,685
Net Investment Income (Loss) (13,574,300) (25,551,595) (45,197,968)
Net Realized Gain (Loss) on      
United States Treasury Obligations 19,938 14,586 39,941
Commodity Futures Contracts (72,730,527) (1,272,167,944) (746,348,836)
Net Realized Gain (Loss) (72,710,589) (1,272,153,358) (746,308,895)
Net Change in Unrealized Gain (Loss) on      
United States Treasury Obligations (56,173) (53,402) (96,282)
Commodity Futures Contracts 452,312,410 423,877,671 (812,410,338)
Net Change in Unrealized Gain (Loss) 452,256,237 423,824,269 (812,506,620)
Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations and Commodity Futures Contracts 379,545,648 (848,329,089) (1,558,815,515)
Net Income (Loss) $ 365,971,348 $ (873,880,684) $ (1,604,013,483)
[1] Interest Expense for the years ended December 31, 2016 and 2015 represents interest expense on overdraft balances. These amounts are included in Interest Income for the year ended December 31, 2014.