Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments and Effect of Derivative Instruments on Statements of Income and Expenses

The Fair Value of Derivative Instruments is as follows:

	December 31, 2023					December 31, 2022
Risk Exposure/Derivative Type (a)	Assets		Liabilities			Assets		Liabilities
Commodity risk
Commodity Futures Contracts	$	2,605,074	$	(683,289	)	$	426,498	$	(38,400,145	)

(a)Includes cumulative appreciation (depreciation) of commodity futures contracts.

The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:

		For the Years Ended
	Location of Gain or (Loss) on Derivatives	December 31,
Risk Exposure/Derivative Type	Recognized in Income	2023			2022			2021
Commodity risk
Commodity Futures Contracts	Net Realized Gain (Loss)	$	(55,580,401	)	$	20,907,936		$	66,438,756
	Net Change in Unrealized Gain (Loss)		39,895,432			(89,540,771	)		16,836,227
Total		$	(15,684,969	)	$	(68,632,835	)	$	83,274,983

Summary of Average Monthly Notional Value of Future Contracts Outstanding

The table below summarizes the average monthly notional value of futures contracts outstanding during the period:

	For the Years Ended
	December 31,
	2023		2022		2021
Average Notional Value	$	184,647,791	$	425,303,877	$	360,635,148