Cash Management Agreement with Affiliate

3 Months Ended

Mar. 31, 2013

Cash Management Agreement with Affiliate [Abstract]

Cash Management Agreement with Affiliate

(10) Cash Management Agreement with Affiliate

On October 6, 2010, the Managing Owner retained RJOIM, an SEC-registered investment adviser and an affiliate of the Managing Owner, to serve as the Trust's cash manager. The assets managed by RJOIM are held in segregated accounts in custody at Wells. RJOIM is paid an annual fee, currently 0.20%, calculated and accrued daily at a rate equal to 1/360 of the principal balance of the Trust's deposits held by RJOIM. As of March 31, 2013, such deposits consisted of $6,450,721 in cash and $10,771,369 in fixed income securities. Aggregate advisory fees earned by RJOIM totaled $8,925 and $15,319 for the three months ended March 31, 2013 and 2012, respectively.