v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of valuation of securities using fair value hierarchy

At June 30, 2026

  ​ ​ ​

Total

  ​ ​ ​

Level I

  ​ ​ ​

Level II

  ​ ​ ​

Level III

Short-Term Investments

$

33,030,000

$

33,030,000

$

$

Exchange-Traded Futures Contracts

 

 

 

  ​

 

  ​

United States Contracts

(1,236,669)

(1,236,669)

At December 31, 2025

  ​ ​ ​

Total

  ​ ​ ​

Level I

  ​ ​ ​

Level II

  ​ ​ ​

Level III

Short-Term Investments

$

26,630,000

$

26,630,000

$

$

Exchange-Traded Futures Contracts

 

  ​

 

  ​

 

  ​

 

  ​

United States Contracts

(3,032,474)

(3,032,474)

Schedule of fair value of derivative instruments

Statements of

Fair Value at

Fair Value at

Financial

June 30, 

December 31, 

Derivatives not Accounted for as Hedging Instruments

  ​ ​ ​

Condition Location

  ​ ​ ​

2026

  ​ ​ ​

2025

Futures — Commodity Contracts

 

Unrealized gain(loss) on open commodity futures contracts

$

(1,236,669)

$

(3,032,474)

Schedule of effect of derivative instruments

For the six months ended

For the six months ended

June 30, 2026

June 30, 2025

Change in

Change in

Location of

Realized

Unrealized

Realized

Unrealized

Gain (Loss)

Gain (Loss)

Gain (Loss) on

Gain (Loss)

Gain (Loss) on

on Derivatives

on Derivatives

Derivatives

in Derivatives

Derivatives

Recognized in

Recognized in

Recognized in

Recognized in

Recognized in

Derivatives not Accounted for as Hedging Instruments

  ​ ​ ​

Income

  ​ ​ ​

Income

  ​ ​ ​

Income

  ​ ​ ​

Income

  ​ ​ ​

Income

Futures — Commodity Contracts

Realized gain (loss) on closed commodity futures contracts

$

12,565,886

$

(2,381,328)

Change in unrealized gain (loss) on open commodity futures contracts

$

1,795,805

$

(1,950,440)