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Statements of Assets and Liabilities (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash $ 4,661,359 $ 31,242,158
Short-term investments [1] 432,036,918 721,080,429
Short-term investments held at broker (restricted) [2] 59,285,472 29,438,936
Receivable for variation margin on open futures contracts (Note 9) 5,954,273 0
Total Assets 501,938,022 781,761,523
Liabilities    
Sponsor’s fees payable 391,266 465,837
Payable for variation margin on open futures contracts (Note 9) 0 5,952,581
Total Liabilities 391,266 6,418,418
Commitments and contingent liabilities (Note 7)
Net Assets $ 501,546,756 $ 775,343,105
Shares issued and outstanding (in shares) [3] 53,500,000 47,750,000
Net asset value per Share (Note 2G) (in dollars per share) $ 9.37 $ 16.24
[1] Cost of short-term investments: $431,339,896 and $720,991,393, respectively.
[2] Cost of short-term investments held at the broker (restricted): $59,252,215 and $29,427,850, respectively.
[3] No par value, unlimited amount authorized.