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Statements of Income and Expenses - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income      
Interest Income $ 41,701,196 $ 14,035,908 $ 6,308,729
Dividends from Affiliates 6,595,643 2,600,473 139,113
Total Income 48,296,839 16,636,381 6,447,842
Expenses      
Management Fees 22,341,142 17,965,282 19,189,799
Brokerage Commissions and Fees 574,590 492,416 759,634
Interest Expense 782,292 68,451 141,261
Total Expenses 23,698,024 18,526,149 20,090,694
Less: Waivers (452,247) (432,451) (68,552)
Net Expenses 23,245,777 18,093,698 20,022,142
Net Investment Income (Loss) 25,051,062 (1,457,317) (13,574,300)
Net Realized Gain (Loss) on      
United States Treasury Obligations (44,353) (44,293) 19,938
Commodity Futures Contracts 43,624,801 58,338,714 (72,730,527)
Net Realized Gain (Loss) 43,580,448 58,294,421 (72,710,589)
Net Change in Unrealized Gain (Loss) on      
United States Treasury Obligations 46,869 (40,787) (56,173)
Affiliated Investments 403,308 (247,678)  
Commodity Futures Contracts (359,469,489) 14,636,898 452,312,410
Net Change in Unrealized Gain (Loss) (359,019,312) 14,348,433 452,256,237
Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts (315,438,864) 72,642,854 379,545,648
Net Income (Loss) $ (290,387,802) $ 71,185,537 $ 365,971,348