The following tables present per unit performance data and other supplemental financial data for the three and six months ended June 30, 2018 and 2017. This information has been derived from information presented in the financial statements and is presented with total expenses gross of expenses waived by the Sponsor and with total expenses net of expenses waived by the Sponsor, as appropriate.

	Three months ended	Three months ended	Six months ended	Six months ended
	June 30, 2018	June 30, 2017	June 30, 2018	June 30, 2017
Per Share Operation Performance
Net asset value at beginning of period	$17.99	$19.01	$16.75	$18.77
Income (loss) from investment operations:
Investment income	0.09	0.05	0.16	0.09
Net realized and unrealized (loss) gain on commodity futures contracts	(1.50)	0.21	(0.17)	0.59
Total expenses, net	(0.15)	(0.18)	(0.31)	(0.36)
Net (decrease) increase in net asset value	(1.56)	0.08	(0.32)	0.32
Net asset value at end of period	$16.43	$19.09	$16.43	$19.09
Total Return	(8.67)%	0.42%	(1.91)%	1.70%
Ratios to Average Net Assets (Annualized)
Total expenses	3.95%	4.54%	3.95%	4.26%
Total expenses, net	3.43%	3.75%	3.56%	3.78%
Net investment loss	(1.37)%	(2.65)%	(1.67)%	(2.83)%

The financial highlights per share data are calculated consistent with the methodology used to calculate asset-based fees and expenses.

Financial Highlights

The following tables present per unit performance data and other supplemental financial data for the three and six months ended June 30, 2018 and 2017. This information has been derived from information presented in the financial statements. This information has been derived from information presented in the financial statements and is presented with total expenses gross of expenses waived by the Sponsor and with total expenses net of expenses waived by the Sponsor, as appropriate.

	Three months ended	Three months ended	Six months ended	Six months ended
	June 30, 2018	June 30, 2017	June 30, 2018	June 30, 2017
Per Share Operation Performance
Net asset value at beginning of period	$19.04	$18.11	$17.85	$19.08
Income (loss) from investment operations:
Investment income	0.09	0.05	0.17	0.09
Net realized and unrealized (loss) gain on commodity futures contracts	(2.74)	0.10	(1.45)	(0.73)
Total expenses, net	(0.17)	(0.16)	(0.35)	(0.34)
Net decrease in net asset value	(2.82)	(0.01)	(1.63)	(0.98)
Net asset value at end of period	$16.22	$18.10	$16.22	$18.10
Total Return	(14.81)%	(0.06)%	(9.13)%	(5.14)%
Ratios to Average Net Assets (Annualized)
Total expenses	5.92%	4.09%	6.45%	4.07%
Total expenses, net	3.84%	3.67%	3.84%	3.62%
Net investment loss	(1.85)%	(2.58)%	(1.99)%	(2.67)%

The financial highlights per share data is calculated consistent with the methodology used to calculate asset-based fees and expenses.

Financial Highlights

The following table presents per unit performance data and other supplemental financial data for the three and six months ended June 30, 2018 and 2017. This information has been derived from information presented in the financial statements. This information has been derived from information presented in the financial statements and is presented with total expenses gross of expenses waived by the Sponsor and with total expenses net of expenses waived by the Sponsor, as appropriate.

	Three months ended	Three months ended	Six months ended	Six months ended
	June 30, 2018	June 30, 2017	June 30, 2018	June 30, 2017
Per Share Operation Performance
Net asset value at beginning of period	$8.29	$11.79	$9.79	$12.97
Gain (loss) from investment operations:
Investment income	0.04	0.03	0.07	0.05
Net realized and unrealized loss on commodity futures contracts	(0.64)	(2.11)	(2.10)	(3.22)
Total expenses, net	(0.07)	(0.07)	(0.14)	(0.16)
Net decrease in net asset value	(0.67)	(2.15)	(2.17)	(3.33)
Net asset value at end of period	$7.62	$9.64	$7.62	$9.64
Total Return	(8.08)%	(18.24)%	(22.17)%	(25.67)%
Ratios to Average Net Assets (Annualized)
Total expenses	5.81%	4.16%	6.64%	3.91%
Total expenses, net	3.70%	2.83%	3.63%	2.74%
Net investment loss	(1.76)%	(1.78)%	(1.81)%	(1.80)%

The financial highlights per share data is calculated consistent with the methodology used to calculate asset-based fees and expenses.

Financial Highlights

The following tables present per unit performance data and other supplemental financial data for the three and six months ended June 30, 2018 and 2017. This information has been derived from information presented in the financial statements. This information has been derived from information presented in the financial statements and is presented with total expenses gross of expenses waived by the Sponsor and with total expenses net of expenses waived by the Sponsor, as appropriate.

	Three months ended	Three months ended	Six months ended	Six months ended
	June 30, 2018	June 30, 2017	June 30, 2018	June 30, 2017
Per Share Operation Performance
Net asset value at beginning of period	$6.19	$6.93	$5.99	$6.89
Income (loss) from investment operations:
Investment income	0.03	0.02	0.06	0.04
Net realized and unrealized gain on commodity futures contracts	0.21	0.95	0.44	1.04
Total expenses, net	(0.06)	(0.06)	(0.12)	(0.13)
Net increase in net asset value	0.18	0.91	0.38	0.95
Net asset value at end of period	$6.37	$7.84	$6.37	$7.84
Total Return	2.91%	13.13%	6.34%	13.79%
Ratios to Average Net Assets (Annualized)
Total expenses	4.54%	3.66%	4.26%	3.62%
Total expenses, net	3.83%	3.66%	3.83%	3.62%
Net investment loss	(1.81)%	(2.58)%	(1.98)%	(2.66)%

The financial highlights per share data are calculated consistent with the methodology used to calculate asset-based fees and expenses.

Financial Highlights

The following table presents per unit performance data and other supplemental financial data for the three and six months ended June 30, 2018 and 2017. This information has been derived from information presented in the financial statements. This information has been derived from information presented in the financial statements and is presented with total expenses gross of expenses waived by the Sponsor and with total expenses net of expenses waived by the Sponsor, as appropriate.

	Three months ended	Three months ended	Six months ended	Six months ended
	June 30, 2018	June 30, 2017	June 30, 2018	June 30, 2017
Per Share Operation Performance
Net asset value at beginning of period	$22.79	$25.51	$22.75	$26.33
Loss from investment operations:
Net realized and unrealized loss on investment transactions	(1.65)	(0.39)	(1.58)	(1.18)
Total expenses, net	(0.03)	(0.03)	(0.06)	(0.06)
Net decrease in net asset value	(1.68)	(0.42)	(1.64)	(1.24)
Net asset value at end of period	$21.11	$25.09	$21.11	$25.09
Total Return	(7.37)%	(1.65)%	(7.21)%	(4.71)%
Ratios to Average Net Assets (Annualized)
Total expenses	2.99%	2.27%	4.47%	4.72%
Total expenses, net	0.50%	0.50%	0.50%	0.50%
Net investment loss	(0.50)%	(0.50)%	(0.50)%	(0.50)%

The financial highlights per share data are calculated consistent with the methodology used to calculate asset-based fees and expenses