10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-21-025136 |
| Period End Date | 20210331 |
| Filing Date | 20210507 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | dbc-10q_20210331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
49 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| United States Treasury Obligations, at value (cost $863,800,781 and $399,839,681, respectively) |
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
|
$399.87M | USD | Point-in-time |
| United States Treasury Obligations, at value (cost $863,800,781 and $399,839,681, respectively) |
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
|
$863.93M | USD | Point-in-time |
| Affiliated investments, at value (cost $977,777,722 and $890,598,570, respectively) |
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
$891.10M | USD | Point-in-time |
| Affiliated investments, at value (cost $977,777,722 and $890,598,570, respectively) |
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
$978.31M | USD | Point-in-time |
| Variation margin receivable- Commodity Futures Contracts |
ReceivablesFromClearingOrganizations
|
$3.98M | USD | Point-in-time |
| LME Commodity Futures Contracts receivable |
TradingAssets
|
$9.57M | USD | Point-in-time |
| LME Commodity Futures Contracts receivable |
TradingAssets
|
$14.20M | USD | Point-in-time |
| Unrealized appreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed
|
$41.13M | USD | Point-in-time |
| Unrealized appreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed
|
$30.07M | USD | Point-in-time |
| Cash held by custodian |
Cash
|
$7.54M | USD | Point-in-time |
| Cash held by custodian |
Cash
|
$11.45M | USD | Point-in-time |
| Investments in Securities, cost |
InvestmentOwnedAtCost
|
$1.84B | USD | Point-in-time |
| Investments in Securities, cost |
InvestmentOwnedAtCost
|
$1.29B | USD | Point-in-time |
| Dividends from affiliates |
DividendsReceivable
|
$11.28K | USD | Point-in-time |
| Dividends from affiliates |
DividendsReceivable
|
$22.89K | USD | Point-in-time |
| Total assets |
Assets
|
$1.34B | USD | Point-in-time |
| Total assets |
Assets
|
$1.90B | USD | Point-in-time |
| Variation margin payable- Commodity Futures Contracts |
PayableToClearingOrganizations
|
$396.44K | USD | Point-in-time |
| Management fees |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.35M | USD | Point-in-time |
| Management fees |
DueToRelatedPartiesCurrentAndNoncurrent
|
$825.55K | USD | Point-in-time |
| Brokerage commissions and fees |
CommissionsPayableToBrokerDealersAndClearingOrganizations
|
$5.01K | USD | Point-in-time |
| Brokerage commissions and fees |
CommissionsPayableToBrokerDealersAndClearingOrganizations
|
$2.44K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.75M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$827.99K | 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
|
$662.00 | USD | Point-in-time |
| Shareholder's equityGeneral Shares |
GeneralPartnersCapitalAccount
|
$586.00 | USD | Point-in-time |
| Shareholders' equityShares |
LimitedPartnersCapitalAccount
|
$1.90B | USD | Point-in-time |
| Shareholders' equityShares |
LimitedPartnersCapitalAccount
|
$1.34B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.43B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.34B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$779.20M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.90B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.34B | 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
|
91.50M | shares | Point-in-time |
| Shares outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
114.50M | shares | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$11.29 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$14.66 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$15.94 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$16.56 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$11.26 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$14.70 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$15.96 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$16.61 | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest Income |
InterestIncomeOperating
|
$2.65M | USD | 1 Quarter |
| Interest Income |
InterestIncomeOperating
|
$109.72K | USD | 1 Quarter |
| Dividends from Affiliates |
DividendIncomeOperating
|
$2.03M | USD | 1 Quarter |
| Dividends from Affiliates |
DividendIncomeOperating
|
$89.58K | USD | 1 Quarter |
| Total Income |
InterestAndDividendIncomeOperating
|
$4.68M | USD | 1 Quarter |
| Total Income |
InterestAndDividendIncomeOperating
|
$199.30K | USD | 1 Quarter |
| Management Fees |
InvestmentCompanyGeneralPartnerAdvisoryService
|
$3.50M | USD | 1 Quarter |
| Management Fees |
InvestmentCompanyGeneralPartnerAdvisoryService
|
$2.48M | USD | 1 Quarter |
| Brokerage Commissions and Fees |
FloorBrokerageExchangeAndClearanceFees
|
$76.50K | USD | 1 Quarter |
| Brokerage Commissions and Fees |
FloorBrokerageExchangeAndClearanceFees
|
$95.78K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$22.21K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$4.07K | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$3.58M | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$2.60M | USD | 1 Quarter |
| Less: Waivers |
InvestmentCompanyContractualFeeWaived
|
$208.56K | USD | 1 Quarter |
| Less: Waivers |
InvestmentCompanyContractualFeeWaived
|
$178.50K | USD | 1 Quarter |
| Net Expenses |
OperatingExpensesNet
|
$3.37M | USD | 1 Quarter |
| Net Expenses |
OperatingExpensesNet
|
$2.42M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$-3.17M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$2.26M | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesRealizedGainLoss
|
$149.13K | USD | 1 Quarter |
| Commodity Futures Contracts |
GainLossOnSaleOfCommodityContracts
|
$-64.63M | USD | 1 Quarter |
| Commodity Futures Contracts |
GainLossOnSaleOfCommodityContracts
|
$68.21M | USD | 1 Quarter |
| Net Realized Gain (Loss) |
RealizedInvestmentGainsLosses
|
$-64.48M | USD | 1 Quarter |
| Net Realized Gain (Loss) |
RealizedInvestmentGainsLosses
|
$68.21M | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesUnrealizedGainLoss
|
$99.03K | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesUnrealizedGainLoss
|
$134.50K | USD | 1 Quarter |
| Affiliated Investments |
UnrealizedGainLossOnAffiliatedInvestments
|
$25.69K | USD | 1 Quarter |
| Affiliated Investments |
UnrealizedGainLossOnAffiliatedInvestments
|
$1.54M | USD | 1 Quarter |
| Commodity Futures Contracts |
UnrealizedGainLossOnCommodityContracts
|
$-318.59M | USD | 1 Quarter |
| Commodity Futures Contracts |
UnrealizedGainLossOnCommodityContracts
|
$109.97M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) |
UnrealizedGainLossOnInvestments
|
$-316.91M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) |
UnrealizedGainLossOnInvestments
|
$110.09M | USD | 1 Quarter |
| Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$-381.39M | USD | 1 Quarter |
| Net Realized and Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
$178.30M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$175.13M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$-379.12M | USD | 1 Quarter |
Cash Flow Statement
41 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income (Loss) |
NetIncomeLoss
|
$175.13M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$-379.12M | USD | 1 Quarter |
| Cost of securities purchased |
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
$623.85M | USD | 1 Quarter |
| Cost of securities purchased |
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
$344.15M | USD | 1 Quarter |
| Proceeds from securities sold and matured |
ProceedsFromSaleOfSecuritiesOperatingActivities
|
$160.00M | USD | 1 Quarter |
| Proceeds from securities sold and matured |
ProceedsFromSaleOfSecuritiesOperatingActivities
|
$507.00M | USD | 1 Quarter |
| Cost of affiliated investments purchased |
CostOfAffiliatedInvestmentsPurchased
|
$317.29M | USD | 1 Quarter |
| Cost of affiliated investments purchased |
CostOfAffiliatedInvestmentsPurchased
|
$966.10M | USD | 1 Quarter |
| Proceeds from affiliated investments sold |
ProceedsFromAffiliatedInvestmentsSold
|
$801.75M | USD | 1 Quarter |
| Proceeds from affiliated investments sold |
ProceedsFromAffiliatedInvestmentsSold
|
$878.92M | USD | 1 Quarter |
| Net accretion of discount on United States Treasury Obligations |
DepreciationAmortizationAndAccretionNet
|
$-2.64M | USD | 1 Quarter |
| Net accretion of discount on United States Treasury Obligations |
DepreciationAmortizationAndAccretionNet
|
$-109.72K | USD | 1 Quarter |
| Net realized (gain) loss on United States Treasury Obligations and Affiliated Investments |
RealizedGainLossOnMarketableSecuritiesAndAffiliatedInvestments
|
$149.13K | USD | 1 Quarter |
| Net change in unrealized (gain) loss on United States Treasury Obligations, Affiliated Investments and LME Commodity Futures Contracts |
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndLMECommodityContracts
|
$-20.62M | USD | 1 Quarter |
| Net change in unrealized (gain) loss on United States Treasury Obligations, Affiliated Investments and LME Commodity Futures Contracts |
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndLMECommodityContracts
|
$11.19M | USD | 1 Quarter |
| Dividends from affiliates |
IncreaseDecreaseInDividendsReceivable
|
$-269.64K | USD | 1 Quarter |
| Dividends from affiliates |
IncreaseDecreaseInDividendsReceivable
|
$11.60K | USD | 1 Quarter |
| Variation margin - Commodity Futures Contracts |
IncreaseDecreaseInVariationMargin
|
$2.44M | USD | 1 Quarter |
| Variation margin - Commodity Futures Contracts |
IncreaseDecreaseInVariationMargin
|
$-4.38M | USD | 1 Quarter |
| LME Commodity Futures Contracts |
IncreaseDecreaseInTradingLiabilities
|
$521.10K | USD | 1 Quarter |
| LME Commodity Futures Contracts |
IncreaseDecreaseInTradingLiabilities
|
$-4.63M | USD | 1 Quarter |
| Management fees |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$523.42K | USD | 1 Quarter |
| Management fees |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$-323.51K | USD | 1 Quarter |
| Brokerage commissions and fees |
IncreaseDecreaseInPayablesToBrokerDealers
|
$686.00 | USD | 1 Quarter |
| Brokerage commissions and fees |
IncreaseDecreaseInPayablesToBrokerDealers
|
$2.57K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$284.05M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-386.93M | USD | 1 Quarter |
| Proceeds from purchases of Shares |
ProceedsFromIssuanceOfCommonStock
|
$38.13M | USD | 1 Quarter |
| Proceeds from purchases of Shares |
ProceedsFromIssuanceOfCommonStock
|
$510.67M | USD | 1 Quarter |
| Redemption of Shares |
PaymentsForRepurchaseOfCommonStock
|
$131.27M | USD | 1 Quarter |
| Redemption of Shares |
PaymentsForRepurchaseOfCommonStock
|
$310.73M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-272.60M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$379.39M | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$11.45M | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-7.54M | USD | 1 Quarter |
| Cash at beginning of period |
Cash
|
$7.54M | USD | Point-in-time |
| Cash at beginning of period |
Cash
|
$11.45M | USD | Point-in-time |
| Cash at end of period |
Cash
|
$7.54M | USD | Point-in-time |
| Cash at end of period |
Cash
|
$11.45M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$22.21K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$4.07K | USD | 1 Quarter |
Stockholders Equity
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance - Value |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.43B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.34B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$779.20M | USD | Point-in-time |
| Purchases of Shares - Value |
StockIssuedDuringPeriodValueNewIssues
|
$510.67M | USD | 1 Quarter |
| Purchases of Shares - Value |
StockIssuedDuringPeriodValueNewIssues
|
$40.40M | USD | 1 Quarter |
| Redemption of Shares - Value |
StockRedeemedOrCalledDuringPeriodValue
|
$131.27M | USD | 1 Quarter |
| Redemption of Shares - Value |
StockRedeemedOrCalledDuringPeriodValue
|
$310.73M | USD | 1 Quarter |
| Net Increase (Decrease) due to Share Transactions, value |
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
|
$-270.33M | USD | 1 Quarter |
| Net Increase (Decrease) due to Share Transactions, value |
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
|
$379.39M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$-3.17M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$2.26M | USD | 1 Quarter |
| Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
$-64.48M | USD | 1 Quarter |
| Net Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
$68.21M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
$-316.91M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
$110.09M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$175.13M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$-379.12M | USD | 1 Quarter |
| Net Change in Shareholders' Equity, value |
StockholdersEquityPeriodIncreaseDecrease
|
$554.52M | USD | 1 Quarter |
| Net Change in Shareholders' Equity, value |
StockholdersEquityPeriodIncreaseDecrease
|
$-649.46M | USD | 1 Quarter |
| Balance - Value |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.43B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.34B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$779.20M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.