v3.25.1
Statements of Financial Condition (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Assets    
United States Treasury Obligations, at value (cost $397,161,014 and $392,834,605, respectively) $ 397,272,516 $ 393,253,144
Affiliated investments, at value (cost $799,401,984 and $876,300,343, respectively) 1,196,885,957 1,269,897,511
Other investments:    
Variation margin receivable- Commodity Futures Contracts   5,450,444
LME Commodity Futures Contracts receivable 283,106 235,303
Unrealized appreciation on LME Commodity Futures Contracts 2,356,613 4,193,218
Cash held by Custodian   9,308,099
Deposit with Commodity Broker 143,255,407  
Receivable for:    
Fund shares sold 18,002,523  
Dividends from affiliates 2,156,412 2,723,552
Total assets 1,362,940,018 1,291,808,127
Other investments:    
Unrealized depreciation on LME Commodity Futures Contracts 2,851,433 6,716,016
Payable for:    
Management fees 894,522 901,585
Brokerage commissions and fees 4,672 4,626
Total liabilities 3,750,627 7,622,227
Commitments and Contingencies (Note 10)
Equity    
Shareholder's equity—General Shares 900 854
Shareholders' equity—Shares 1,359,188,491 1,284,185,046
Total shareholders' equity 1,359,189,391 1,284,185,900
Total liabilities and equity $ 1,362,940,018 $ 1,291,808,127
General Shares outstanding 40 40
Shares outstanding 60,400,000 60,150,000
Net asset value per share $ 22.5 $ 21.35
Market value per share $ 22.52 $ 21.38
Investment, Affiliated Issuer [Member]    
Assets    
Affiliated investments, at value (cost $799,401,984 and $876,300,343, respectively) $ 799,613,441 $ 876,644,367