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Note 9 - Investing in Index Futures (iShares S&P Commodity-Indexed Investing Pool LLC [Member])
9 Months Ended
Sep. 30, 2013
iShares S&P Commodity-Indexed Investing Pool LLC [Member]
 
Note 9 - Investing in Index Futures [Line Items]  
Derivative Instruments and Hedging Activities Disclosure [Text Block]

9 - Investing in Index Futures


Substantially all of the Investing Pool’s assets are invested in Index Futures. The Index Futures’ settlement value at expiration is based on the value of S&P GSCI-ER at that time. Therefore, the value of the Investing Pool will fluctuate based upon the value of the S&P GSCI-ER and the prices of the commodities underlying the S&P GSCI-ER. The commodities markets have historically been extremely volatile. For the nine months ended September 30, 2013 and the year ended December 31, 2012, the average month-end notional amounts of open Index Futures were $1,140,268,847 and $1,293,502,033, respectively.


The following table shows the variation margin on open futures contracts, by risk exposure category, on the Statements of Financial Condition as of September 30, 2013 and December 31, 2012:


 

Asset Derivatives

 

Fair Value

 

Liability Derivatives

 

Fair Value

 

September 30, 2013

                   

Commodity contracts

Receivable for variation margin on open futures contracts

  $  

Payable for variation margin on open futures contracts

  $ 5,202,484  
                     

December 31, 2012

                   

Commodity contracts

Receivable for variation margin on open futures contracts

  $ 2,942,400  

Payable for variation margin on open futures contracts

  $  

The following table shows the effect of the futures contracts, by risk exposure category, on the Statements of Operations for the nine months ended September 30, 2013 and 2012:


Nine Months Ended
September 30, 2013

Statements of
Operations Location

 

Realized Gain (Loss)

   

Change in Unrealized
Appreciation/
Depreciation

 

Commodity contracts

Net realized loss on futures contracts

  $ (7,724,790 )   $  
 

Net change in unrealized appreciation/depreciation on futures contracts

          (10,361,782 )
                   

Nine Months Ended
September 30, 2012

                 

Commodity contracts

Net realized loss on futures contracts

  $ (9,755,259 )   $  
 

Net change in unrealized appreciation/depreciation on futures contracts

          48,687,049