Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments and Effect of Derivative Instruments on Statements of Income and Expenses

The Fair Value of Derivative Instruments is as follows:


		March 31, 2025								December 31, 2024
Risk Exposure/Derivative Type (a)		Assets				Liabilities				Assets				Liabilities
Commodity risk
Commodity Futures Contracts		$	512,064			$	(2,798,008	)		$	2,345,072			$	(5,864,184	)

(a)

Includes cumulative appreciation (depreciation) of commodity futures contracts.

The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:


			For the Three Months Ended
	Location of Gain (Loss) on Derivatives		March 31,
Risk Exposure/Derivative Type	Recognized in Income		2025				2024
Commodity risk
Commodity Futures Contracts	Net Realized Gain (Loss)		$	(102,657	)		$	(128,847	)
	Net Change in Unrealized Gain (Loss)			1,233,168				(3,463,382	)
Total			$	1,130,511			$	(3,592,229	)

Summary of Average Monthly Notional Value of Future Contracts Held

The table below summarizes the average monthly notional value of futures contracts held during the period:


		For the Three Months Ended
		March 31,
		2025				2024
Average Notional Value		$	114,665,520			$	117,928,418