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Statements of Income and Expenses (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income        
Interest Income $ 6,695,131 $ 11,506,704 $ 24,115,062 $ 30,540,276
Dividends from Affiliates 1,837,418 3,399,668 5,844,853 4,485,222
Total Income 8,532,549 14,906,372 29,959,915 35,025,498
Expenses        
Management Fees 3,204,939 5,610,031 10,768,355 17,409,494
Brokerage Commissions and Fees 123,146 184,272 290,905 429,770
Interest Expense 36,153 263,947 290,361 282,184
Total Expenses 3,364,238 6,058,250 11,349,621 18,121,448
Less: Waivers (93,078) (123,497) (280,253) (343,329)
Net Expenses 3,271,160 5,934,753 11,069,368 17,778,119
Net Investment Income (Loss) 5,261,389 8,971,619 18,890,547 17,247,379
Net Realized Gain (Loss) on        
United States Treasury Obligations 33,003 (4,918) 32,242 (10,482)
Commodity Futures Contracts (40,903,614) (55,507,248) (102,006,167) 93,836,273
Net Realized Gain (Loss) (40,870,611) (55,512,166) (101,973,925) 93,825,791
Net Change in Unrealized Gain (Loss) on        
United States Treasury Obligations (255,940) (516,239) 362,864 (256,277)
Affiliated Investments (47,447) (1,565,784) 320,274 427,032
Commodity Futures Contracts (40,061,347) 67,877,987 181,974,461 64,802,384
Net Change in Unrealized Gain (Loss) (40,364,734) 65,795,964 182,657,599 64,973,139
Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts (81,235,345) 10,283,798 80,683,674 158,798,930
Net Income (Loss) $ (75,973,956) $ 19,255,417 $ 99,574,221 $ 176,046,309