XML 34 R24.htm IDEA: XBRL DOCUMENT v3.24.0.1
Additional Valuation Information (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of the Tiered Valuation Input Levels

The following is a summary of the tiered valuation input levels as of December 31, 2023:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Investments in Securities

 

 

 

 

 

 

 

 

 

 

 

 

     United States Treasury Obligations

 

$

 

 

$

55,916,139

 

 

$

 

 

$

55,916,139

 

     Exchange-Traded Fund

 

 

20,043,829

 

 

 

 

 

 

 

 

 

20,043,829

 

     Money Market Mutual Fund

 

 

33,302,006

 

 

 

 

 

 

 

 

 

33,302,006

 

Total Investments in Securities

 

 

53,345,835

 

 

 

55,916,139

 

 

 

 

 

 

109,261,974

 

Other Investments - Assets (a)

 

 

 

 

 

 

 

 

 

 

 

 

Commodity Futures Contracts

 

 

2,605,074

 

 

 

 

 

 

 

 

 

2,605,074

 

Other Investments - Liabilities (a)

 

 

 

 

 

 

 

 

 

 

 

 

Commodity Futures Contracts

 

 

(683,289

)

 

 

 

 

 

 

 

 

(683,289

)

Total Other Investments

 

 

1,921,785

 

 

 

 

 

 

 

 

 

1,921,785

 

            Total Investments

 

$

55,267,620

 

 

$

55,916,139

 

 

$

 

 

$

111,183,759

 

(a)
Unrealized appreciation (depreciation).

The following is a summary of the tiered valuation input levels as of December 31, 2022:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Investments in Securities

 

 

 

 

 

 

 

 

 

 

 

 

     United States Treasury Obligations

 

$

 

 

$

146,181,951

 

 

$

 

 

$

146,181,951

 

     Exchange-Traded Fund

 

 

19,993,532

 

 

 

 

 

 

 

 

 

19,993,532

 

     Money Market Mutual Fund

 

 

143,604,164

 

 

 

 

 

 

 

 

 

143,604,164

 

Total Investments in Securities

 

 

163,597,696

 

 

 

146,181,951

 

 

 

 

 

 

309,779,647

 

Other Investments - Assets (a)

 

 

 

 

 

 

 

 

 

 

 

 

     Commodity Futures Contracts

 

 

426,498

 

 

 

 

 

 

 

 

 

426,498

 

Other Investments - Liabilities (a)

 

 

 

 

 

 

 

 

 

 

 

 

     Commodity Futures Contracts

 

 

(38,400,145

)

 

 

 

 

 

 

 

 

(38,400,145

)

Total Other Investments

 

 

(37,973,647

)

 

 

 

 

 

 

 

 

(37,973,647

)

            Total Investments

 

$

125,624,049

 

 

$

146,181,951

 

 

$

 

 

$

271,806,000

 

 

(a)
Unrealized appreciation (depreciation).