XML 21 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net Income (Loss) $ 192,790,526 $ 40,765,629
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Cost of securities purchased (717,469,849) (2,267,204,250)
Proceeds from securities sold and matured 893,450,782 1,752,923,526
Cost of affiliated investments purchased (914,538,133) (986,200,691)
Proceeds from affiliated investments sold 990,145,147 935,388,213
Net accretion of discount on United States Treasury Obligations (9,157,734) (7,586,315)
Net realized (gain) loss on United States Treasury Obligations and Affiliated Investments 20,868 (4,429)
Net change in unrealized (gain) loss on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts (34,953,572) 37,897,790
Change in operating assets and liabilities:    
Dividends from affiliates 89,147 (67,680)
Variation margin - Commodity Futures Contracts (2,949,814) (9,825,283)
LME Commodity Futures Contracts (25,505,506) 2,110,369
Management fees (148,480) 351,797
Brokerage commissions and fees 4,695 78,107
Other receivables 17,077  
Net cash provided by (used for) operating activities 371,795,154 (501,373,217)
Cash flows from financing activities:    
Proceeds from purchases of Shares 48,178,241 699,144,463
Redemption of Shares (401,013,118) (203,710,810)
Decrease in payable for amount due to custodian, net (18,960,277)  
Net cash provided by (used for) financing activities (371,795,154) 495,433,653
Net change in cash   (5,939,564)
Cash at beginning of period   5,939,564
Cash at end of period 0 0
Supplemental disclosure of cash flow information    
Cash paid for interest $ 214,655 $ 6,778