10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-23-018982 |
| Period End Date | 20230331 |
| Filing Date | 20230509 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | dbc-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| United States Treasury Obligations, at value (cost $1,071,335,074 and $1,271,951,210, respectively) |
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
|
$1.07B | USD | Point-in-time |
| United States Treasury Obligations, at value (cost $1,071,335,074 and $1,271,951,210, respectively) |
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
|
$1.27B | USD | Point-in-time |
| Affiliated investments, at value (cost $1,144,122,552 and $1,425,450,159, respectively) |
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
$1.43B | USD | Point-in-time |
| Affiliated investments, at value (cost $1,144,122,552 and $1,425,450,159, respectively) |
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
$1.14B | USD | Point-in-time |
| Variation margin receivable- Commodity Futures Contracts |
ReceivablesFromClearingOrganizations
|
$23.48M | USD | Point-in-time |
| Variation margin receivable- Commodity Futures Contracts |
ReceivablesFromClearingOrganizations
|
$28.47M | USD | Point-in-time |
| Unrealized appreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed
|
$1.13M | USD | Point-in-time |
| Unrealized appreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed
|
$1.87M | USD | Point-in-time |
| Dividends from affiliates |
DividendsReceivable
|
$4.19M | USD | Point-in-time |
| Dividends from affiliates |
DividendsReceivable
|
$4.61M | USD | Point-in-time |
| Investments in Securities, cost |
InvestmentOwnedAtCost
|
$2.22B | USD | Point-in-time |
| Investments in Securities, cost |
InvestmentOwnedAtCost
|
$2.70B | USD | Point-in-time |
| Total assets |
Assets
|
$2.73B | USD | Point-in-time |
| Total assets |
Assets
|
$2.25B | USD | Point-in-time |
| LME Commodity Futures Contracts payable |
TradingLiabilities
|
$61.16M | USD | Point-in-time |
| LME Commodity Futures Contracts payable |
TradingLiabilities
|
$50.84M | USD | Point-in-time |
| Unrealized depreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedDepreciationReclassed
|
$16.25M | USD | Point-in-time |
| Unrealized depreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedDepreciationReclassed
|
$34.35M | USD | Point-in-time |
| Fund shares reacquired |
PayableForFundSharesReacquired
|
$7.40M | USD | Point-in-time |
| Management fees |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.50M | USD | Point-in-time |
| Management fees |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.90M | USD | Point-in-time |
| Brokerage commissions and fees |
CommissionsPayableToBrokerDealersAndClearingOrganizations
|
$1.68K | USD | Point-in-time |
| Brokerage commissions and fees |
CommissionsPayableToBrokerDealersAndClearingOrganizations
|
$2.95K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$94.49M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$78.90M | USD | Point-in-time |
| Commitments and Contingencies (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Shareholder's equityGeneral Shares |
GeneralPartnersCapitalAccount
|
$950.00 | USD | Point-in-time |
| Shareholder's equityGeneral Shares |
GeneralPartnersCapitalAccount
|
$986.00 | USD | Point-in-time |
| Shareholders' equityShares |
LimitedPartnersCapitalAccount
|
$2.64B | USD | Point-in-time |
| Shareholders' equityShares |
LimitedPartnersCapitalAccount
|
$2.17B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.64B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.17B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$4.10B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.63B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$2.73B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$2.25B | USD | Point-in-time |
| General Shares outstanding |
GeneralPartnersCapitalAccountUnitsOutstanding
|
40.00 | shares | Point-in-time |
| General Shares outstanding |
GeneralPartnersCapitalAccountUnitsOutstanding
|
40.00 | shares | Point-in-time |
| General Shares outstanding |
GeneralPartnersCapitalAccountUnitsOutstanding
|
40.00 | shares | Point-in-time |
| Shares outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
107.00M | shares | Point-in-time |
| Shares outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
91.20M | shares | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$24.65 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$23.76 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$26.06 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$20.72 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$26.08 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$23.75 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$20.78 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$24.67 | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest Income |
InterestIncomeOperating
|
$394.84K | USD | 1 Quarter |
| Interest Income |
InterestIncomeOperating
|
$12.46M | USD | 1 Quarter |
| Dividends from Affiliates |
DividendIncomeOperating
|
$472.53K | USD | 1 Quarter |
| Dividends from Affiliates |
DividendIncomeOperating
|
$14.37M | USD | 1 Quarter |
| Total Income |
InterestAndDividendIncomeOperating
|
$867.37K | USD | 1 Quarter |
| Total Income |
InterestAndDividendIncomeOperating
|
$26.83M | USD | 1 Quarter |
| Management Fees |
InvestmentCompanyGeneralPartnerAdvisoryService
|
$5.01M | USD | 1 Quarter |
| Management Fees |
InvestmentCompanyGeneralPartnerAdvisoryService
|
$7.23M | USD | 1 Quarter |
| Brokerage Commissions and Fees |
FloorBrokerageExchangeAndClearanceFees
|
$107.63K | USD | 1 Quarter |
| Brokerage Commissions and Fees |
FloorBrokerageExchangeAndClearanceFees
|
$41.06K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$11.09K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$168.59K | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$5.22M | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$7.34M | USD | 1 Quarter |
| Less: Waivers |
InvestmentCompanyContractualFeeWaived
|
$73.20K | USD | 1 Quarter |
| Less: Waivers |
InvestmentCompanyContractualFeeWaived
|
$286.33K | USD | 1 Quarter |
| Net Expenses |
OperatingExpensesNet
|
$4.93M | USD | 1 Quarter |
| Net Expenses |
OperatingExpensesNet
|
$7.27M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$21.89M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$-6.40M | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesRealizedGainLoss
|
$-4.00 | USD | 1 Quarter |
| Commodity Futures Contracts |
GainLossOnSaleOfCommodityContracts
|
$-70.30M | USD | 1 Quarter |
| Commodity Futures Contracts |
GainLossOnSaleOfCommodityContracts
|
$121.19M | USD | 1 Quarter |
| Net Realized Gain (Loss) |
RealizedInvestmentGainsLosses
|
$121.19M | USD | 1 Quarter |
| Net Realized Gain (Loss) |
RealizedInvestmentGainsLosses
|
$-70.30M | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesUnrealizedGainLoss
|
$-172.38K | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesUnrealizedGainLoss
|
$228.97K | USD | 1 Quarter |
| Affiliated Investments |
UnrealizedGainLossOnAffiliatedInvestments
|
$-136.94K | USD | 1 Quarter |
| Affiliated Investments |
UnrealizedGainLossOnAffiliatedInvestments
|
$254.77K | USD | 1 Quarter |
| Commodity Futures Contracts |
UnrealizedGainLossOnCommodityContracts
|
$-47.64M | USD | 1 Quarter |
| Commodity Futures Contracts |
UnrealizedGainLossOnCommodityContracts
|
$649.70M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) |
UnrealizedGainLossOnInvestments
|
$-47.16M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) |
UnrealizedGainLossOnInvestments
|
$649.39M | USD | 1 Quarter |
| Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$770.58M | USD | 1 Quarter |
| Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$-117.46M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$-95.57M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$764.17M | USD | 1 Quarter |
Cash Flow Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income (Loss) |
NetIncomeLoss
|
$-95.57M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$764.17M | USD | 1 Quarter |
| Cost of securities purchased |
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
$1.07B | USD | 1 Quarter |
| Cost of securities purchased |
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
$678.88M | USD | 1 Quarter |
| Proceeds from securities sold and matured |
ProceedsFromSaleOfSecuritiesOperatingActivities
|
$622.03M | USD | 1 Quarter |
| Proceeds from securities sold and matured |
ProceedsFromSaleOfSecuritiesOperatingActivities
|
$1.28B | USD | 1 Quarter |
| Cost of affiliated investments purchased |
CostOfAffiliatedInvestmentsPurchased
|
$2.70B | USD | 1 Quarter |
| Cost of affiliated investments purchased |
CostOfAffiliatedInvestmentsPurchased
|
$1.18B | USD | 1 Quarter |
| Proceeds from affiliated investments sold |
ProceedsFromAffiliatedInvestmentsSold
|
$1.40B | USD | 1 Quarter |
| Proceeds from affiliated investments sold |
ProceedsFromAffiliatedInvestmentsSold
|
$1.46B | USD | 1 Quarter |
| Net accretion of discount on United States Treasury Obligations |
DepreciationAmortizationAndAccretionNet
|
$-12.34M | USD | 1 Quarter |
| Net accretion of discount on United States Treasury Obligations |
DepreciationAmortizationAndAccretionNet
|
$-394.84K | USD | 1 Quarter |
| Net realized (gain) loss on United States Treasury Obligations and Affiliated Investments |
RealizedGainLossOnMarketableSecuritiesAndAffiliatedInvestments
|
$-4.00 | USD | 1 Quarter |
| Net change in unrealized (gain) loss on United States Treasury Obligations, Affiliated Investments and LME Commodity Futures Contracts |
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndLMECommodityContracts
|
$61.95M | USD | 1 Quarter |
| Net change in unrealized (gain) loss on United States Treasury Obligations, Affiliated Investments and LME Commodity Futures Contracts |
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndLMECommodityContracts
|
$19.33M | USD | 1 Quarter |
| Dividends from affiliates |
IncreaseDecreaseInDividendsReceivable
|
$-413.19K | USD | 1 Quarter |
| Dividends from affiliates |
IncreaseDecreaseInDividendsReceivable
|
$324.36K | USD | 1 Quarter |
| Variation margin - Commodity Futures Contracts |
IncreaseDecreaseInVariationMargin
|
$-50.42M | USD | 1 Quarter |
| Variation margin - Commodity Futures Contracts |
IncreaseDecreaseInVariationMargin
|
$-4.99M | USD | 1 Quarter |
| LME Commodity Futures Contracts |
IncreaseDecreaseInTradingLiabilities
|
$10.32M | USD | 1 Quarter |
| LME Commodity Futures Contracts |
IncreaseDecreaseInTradingLiabilities
|
$-7.53M | USD | 1 Quarter |
| Management fees |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$1.08M | USD | 1 Quarter |
| Management fees |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$-398.48K | USD | 1 Quarter |
| Brokerage commissions and fees |
IncreaseDecreaseInPayablesToBrokerDealers
|
$-1.27K | USD | 1 Quarter |
| Brokerage commissions and fees |
IncreaseDecreaseInPayablesToBrokerDealers
|
$1.03K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$382.36M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-609.70M | USD | 1 Quarter |
| Proceeds from purchases of Shares |
ProceedsFromIssuanceOfCommonStock
|
$61.68M | USD | 1 Quarter |
| Proceeds from purchases of Shares |
ProceedsFromIssuanceOfCommonStock
|
$1.09B | USD | 1 Quarter |
| Redemption of Shares |
PaymentsForRepurchaseOfCommonStock
|
$444.04M | USD | 1 Quarter |
| Redemption of Shares |
PaymentsForRepurchaseOfCommonStock
|
$385.41M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-382.36M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$705.56M | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$95.86M | USD | 1 Quarter |
| Cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$95.86M | USD | Point-in-time |
| Cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$95.86M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$11.09K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$168.59K | USD | 1 Quarter |
Stockholders Equity
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance - Value |
StockholdersEquity
|
$2.64B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$2.17B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$4.10B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$2.63B | USD | Point-in-time |
| Purchases of Shares - Value |
StockIssuedDuringPeriodValueNewIssues
|
$1.10B | USD | 1 Quarter |
| Purchases of Shares - Value |
StockIssuedDuringPeriodValueNewIssues
|
$61.68M | USD | 1 Quarter |
| Redemption of Shares - Value |
StockRedeemedOrCalledDuringPeriodValue
|
$395.83M | USD | 1 Quarter |
| Redemption of Shares - Value |
StockRedeemedOrCalledDuringPeriodValue
|
$436.64M | USD | 1 Quarter |
| Net Increase (Decrease) due to Share Transactions, value |
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
|
$-374.96M | USD | 1 Quarter |
| Net Increase (Decrease) due to Share Transactions, value |
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
|
$708.17M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$21.89M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$-6.40M | USD | 1 Quarter |
| Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$-70.30M | USD | 1 Quarter |
| Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$121.19M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
|
$649.39M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
|
$-47.16M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$-95.57M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$764.17M | USD | 1 Quarter |
| Net Change in Shareholders' Equity, value |
StockholdersEquityPeriodIncreaseDecrease
|
$1.47B | USD | 1 Quarter |
| Net Change in Shareholders' Equity, value |
StockholdersEquityPeriodIncreaseDecrease
|
$-470.53M | USD | 1 Quarter |
| Balance - Value |
StockholdersEquity
|
$2.64B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$2.17B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$4.10B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$2.63B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.