FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| FAIR VALUE OF FINANCIAL INSTRUMENTS |
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| Schedule of summary of valuation of Usci's, Cper's, Usag's and Usmi's securities using fair value hierarchy |
| | | | | | | | | | | | | At June 30, 2026 | | Total | | Level I | | Level II | | Level III | Short-Term Investments | | $ | 281,690,207 | | $ | 281,690,207 | | $ | — | | $ | — | Exchange-Traded Futures Contracts | | | | | | | | | | | | | United States Contracts | | | 5,176,671 | | | 5,176,671 | | | — | | | — | Foreign Contracts | | | (3,941,946) | | | (3,941,946) | | | — | | | — |
| | | | | | | | | | | | | At December 31, 2025 | | Total | | Level I | | Level II | | Level III | Short-Term Investments | | $ | 210,500,000 | | $ | 210,500,000 | | $ | — | | $ | — | Exchange-Traded Futures Contracts | | | | | | | | | | | | | United States Contracts | | | (4,218,366) | | | (4,218,366) | | | — | | | — | Foreign Contracts | | | 1,608,581 | | | 1,608,581 | | | — | | | — |
| | | | | | | | | | | | | At June 30, 2026 | | Total | | Level I | | Level II | | Level III | Short-Term Investments | | $ | 634,273,471 | | $ | 634,273,471 | | $ | — | | $ | — | Exchange-Traded Futures Contracts | | | | | | | | | | | | | United States Contracts | | | (1,487,395) | | | (1,487,395) | | | — | | | — |
| | | | | | | | | | | | | At December 31, 2025 | | Total | | Level I | | Level II | | Level III | Short-Term Investments | | $ | 296,475,000 | | $ | 296,475,000 | | $ | — | | $ | — | Exchange-Traded Futures Contracts | | | | | | | | | | | | | United States Contracts | | | 52,247,472 | | | 52,247,472 | | | — | | | — |
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| Schedule of fair value of derivative instruments held by Usci, Cper, Usag and Usmi |
| | | | | | | | | | | Statements of | | | | | | | | Financial | | | | | | | | | Condition | | Fair Value at | | Fair Value at | Derivatives not Accounted for as Hedging Instruments | | Location | | June 30, 2026 | | December 31, 2025 | Futures - Commodity Contracts | | Unrealized gain (loss) on open commodity futures contracts | | $ | 1,234,725 | | $ | (2,609,785) |
| | | | | | | | | | | Statements of | | | | | | | | Financial | | | | | | | | Condition | | Fair Value at | | Fair Value at | Derivatives not Accounted for as Hedging Instruments | | Location | | June 30, 2026 | | December 31, 2025 | Futures - Commodity Contracts | | Unrealized gain (loss) on open commodity futures contracts | | $ | (1,487,395) | | $ | 52,247,472 |
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| Schedule of effect of derivative instruments on statements of operations of Usci, Cper, Usag and Usmi |
| | | | | | | | | | | | | | | | | | | For the six months ended | | For the six months ended | | | | | June 30, 2026 | | June 30, 2025 | | | | | | | | Change in Unrealized | | | | | Change in Unrealized | Derivatives not | | Location of Gain | | Realized Gain (Loss) | | Gain (Loss) on | | Realized Gain (Loss) | | Gain (Loss) on | Accounted for as | | (Loss) on Derivatives | | on Derivatives | | Derivatives | | in Derivatives | | Derivatives | Hedging Instruments | | Recognized in Income | | Recognized in Income | | Recognized in Income | | Recognized in Income | | Recognized in Income | Futures - Commodity Contracts | | Realized gain (loss) on closed commodity futures contracts | | $ | 45,334,299 | | | | | $ | 23,065,405 | | | | | | | | | | | | | | | | | | | | | Change in unrealized gain (loss) on open commodity futures contracts | | | | | $ | 3,844,510 | | | | | $ | (4,901,568) |
| | | | | | | | | | | | | | | | | | | For the six months ended | | For the six months ended | | | | | June 30, 2026 | | June 30, 2025 | | | | | | | | Change in Unrealized | | | | | Change in Unrealized | Derivatives not | | Location of Gain | | Realized Gain (Loss) | | Gain (Loss) on | | Realized Gain (Loss) | | Gain (Loss) on | Accounted for as | | (Loss) on Derivatives | | on Derivatives | | Derivatives | | in Derivatives | | Derivatives | Hedging Instruments | | Recognized in Income | | Recognized in Income | | Recognized in Income | | Recognized in Income | | Recognized in Income | Futures - Commodity Contracts | | Realized gain (loss) on closed commodity futures contracts | | $ | 76,543,950 | | | | | $ | 10,936,687 | | | | | | | | | | | | | | | | | | | | | Change in unrealized gain (loss) on open commodity futures contracts | | | | | $ | (53,734,867) | | | | | $ | 20,564,448 |
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