Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the Trust’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, respectively:

	September 30, 2015
	Level 1			Level 2			Level 3		Total
Assets
Unrealized gain on open contracts:
Futures positions	$	187,037		$	-		$	-	$	187,037
Forwards currency positions		-			9,594			-		9,594
		187,037			9,594			-		196,631
Liabilities
Unrealized gain on open contracts:
Futures positions		(108,500	)		-			-		(108,500	)
Forwards currency positions		-			(8,934	)		-		(8,934	)
Options written on futures contracts		(26,350	)		-			-		(26,350	)
		(134,850	)		(8,934	)		-		(143,784	)
Total fair value	$	52,187		$	660		$	-	$	52,847

	December 31, 2014
	Level 1			Level 2			Level 3		Total
Assets
Unrealized gain on open contracts:
Futures positions	$	605,977		$	-		$	-	$	605,977
Forwards currency positions		-			18,225			-		18,225
		605,977			18,225			-		624,202
Liabilities
Unrealized gain on open contracts:
Futures positions		(113,500	)		-			-		(113,500	)
Forwards currency positions		-			(28,771	)		-		(28,771	)
Options written on futures contracts		(15,976	)		-			-		(15,976	)
		(129,476	)		(28,771	)		-		(158,247	)
Total fair value	$	476,501		$	(10,546	)	$	-	$	465,955