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Additional Valuation Information (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of the Tiered Valuation Input Levels

The following is a summary of the tiered valuation input levels as of June 30, 2017:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

United States Treasury Obligations

 

$

 

 

$

18,984,562

 

 

$

 

 

$

18,984,562

 

Money Market Mutual Fund

 

 

1,591,026

 

 

 

 

 

 

 

1,591,026

 

 

 

 

1,591,026

 

 

 

18,984,562

 

 

 

 

 

20,575,588

 

Commodity Futures Contracts (a)

 

 

(1,798,035

)

 

 

 

 

 

 

(1,798,035

)

Total Investments

 

$

(207,009

)

 

$

18,984,562

 

 

$

 

 

$

18,777,553

 

(a)          Unrealized appreciation (depreciation).

The following is a summary of the tiered valuation input levels as of December 31, 2016:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

United States Treasury Obligations

 

$

 

 

$

23,853,157

 

 

$

 

 

$

23,853,157

 

Commodity Futures Contracts (a)

 

$

(1,599,451

)

 

$

 

 

$

 

 

$

(1,599,451

)

Total Investments

 

$

(1,599,451

)

 

$

23,853,157

 

 

 

 

$

22,253,706

 

(a)

Unrealized appreciation (depreciation).