XML 29 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Statements of Financial Condition (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Assets    
United States Treasury Obligations, at fair value (cost $216,996,933 and $236,993,093, respectively) $ 217,001,291 $ 236,994,724
Cash held by commodity broker 0 27,364,752
Cash held by custodian 9,893,886  
Net unrealized appreciation (depreciation) on Commodity Futures Contracts (23,171,081) (13,474,175)
Total assets (of which $43,823,219 and $18,366,219, respectively is restricted for maintenance margin purposes) 203,724,096 250,885,301
Liabilities    
Payable for LME contracts 16,313,530 7,104,250
Payable for securities purchased   22,997,987
Management fee payable 132,087 130,925
Brokerage fee payable 4,996 4,635
Total liabilities $ 16,450,613 $ 30,237,797
Commitments and Contingencies (Note 9)    
Equity    
Shareholders' equity - General Shares $ 576 $ 640
Shareholders' equity - Shares 187,272,907 220,646,864
Total shareholders' equity 187,273,483 220,647,504
Total liabilities and equity $ 203,724,096 $ 250,885,301
General Shares outstanding 40 40
Shares outstanding 13,000,000 13,800,000
Net asset value per share    
General Shares $ 14.41 $ 15.99
Shares $ 14.41 $ 15.99