Additional Valuation Information (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Summary of the Tiered Valuation Input Levels

The following is a summary of the tiered valuation input levels as of March 31, 2020:

	Level 1			Level 2		Level 3		Total
Investments in Securities
United States Treasury Obligations	$	—		$	144,986,212	$	—	$	144,986,212
Exchange-Traded Fund		79,610,643			—		—		79,610,643
Money Market Mutual Fund		65,164,373			—		—		65,164,373
Total Investments in Securities		144,775,016			144,986,212		—		289,761,228
Other Investments - Assets(a)
Commodity Futures Contracts		7,231,244			—		—		7,231,244
Other Investments - Liabilities(a)
Commodity Futures Contracts		(36,238,219	)		—		—		(36,238,219	)
Total Other Investments		(29,006,975	)		—		—		(29,006,975	)
Total Investments	$	115,768,041		$	144,986,212	$	—	$	260,754,253

^(a) Unrealized appreciation (depreciation).

The following is a summary of the tiered valuation input levels as of December 31, 2019:

	Level 1			Level 2		Level 3		Total
Investments in Securities
United States Treasury Obligations	$	—		$	147,718,751	$	—	$	147,718,751
Exchange-Traded Fund		79,123,338			—		—		79,123,338
Money Market Mutual Fund		120,898,494			—		—		120,898,494
Total Investments in Securities		200,021,832			147,718,751		—		347,740,583
Other Investments - Assets(a)
Commodity Futures Contracts		13,955,785			—		—		13,955,785
Other Investments - Liabilities(a)
Commodity Futures Contracts		(2,202,345	)		—		—		(2,202,345	)
Total Other Investments		11,753,440			—		—		11,753,440
Total Investments	$	211,775,272		$	147,718,751	$	—	$	359,494,023

^(a) Unrealized appreciation (depreciation).