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Statements of Assets and Liabilities - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash $ 31,242,158 $ 10,033,297
Short-term investments [1] 721,080,429 1,135,484,485
Short-term investments held at broker (restricted) [2] 29,438,936 64,242,167
Receivable for variation margin on open futures contracts (Note 9) 0 920,643
Total Assets 781,761,523 1,210,680,592
Liabilities    
Sponsor’s fees payable 465,837 805,937
Brokerage commissions and fees payable 0 8,046
Payable for variation margin on open futures contracts (Note 9) 5,952,581 0
Total Liabilities 6,418,418 813,983
Commitments and contingent liabilities (Note 7)
Net Assets $ 775,343,105 $ 1,209,866,609
Shares issued and outstanding (in shares) [3] 47,750,000 86,500,000
Net asset value per Share (Note 2G) (in dollars per share) $ 16.24 $ 13.99
[1] Cost of short-term investments: $720,991,393 and $1,135,426,788, respectively.
[2] Cost of short-term investments held at broker (restricted): $29,427,850 and $64,238,656, respectively.
[3] No par value, unlimited amount authorized.