10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-22-018343 |
| Period End Date | 20220331 |
| Filing Date | 20220506 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | dbc-10q_20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| United States Treasury Obligations, at value (cost $679,251,853 and $622,009,958, respectively) |
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
|
$622.02M | USD | Point-in-time |
| United States Treasury Obligations, at value (cost $679,251,853 and $622,009,958, respectively) |
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
|
$679.09M | USD | Point-in-time |
| Affiliated investments, at value (cost $3,302,125,979 and $2,003,793,764, respectively) |
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
$2.00B | USD | Point-in-time |
| Affiliated investments, at value (cost $3,302,125,979 and $2,003,793,764, respectively) |
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
$3.30B | USD | Point-in-time |
| LME Commodity Futures Contracts receivable |
TradingAssets
|
$16.58M | USD | Point-in-time |
| LME Commodity Futures Contracts receivable |
TradingAssets
|
$9.05M | USD | Point-in-time |
| Unrealized appreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed
|
$92.04M | USD | Point-in-time |
| Unrealized appreciation on LME Commodity Futures Contracts |
InvestmentOwnedUnrecognizedUnrealizedAppreciationReclassed
|
$29.78M | USD | Point-in-time |
| Cash held by custodian |
Cash
|
$7.54M | USD | Point-in-time |
| Cash held by custodian |
Cash
|
- | USD | Point-in-time |
| Cash held by custodian |
Cash
|
$95.86M | USD | Point-in-time |
| Fund shares sold |
ReceivableFromFundSharesSold
|
$13.03M | USD | Point-in-time |
| Investments in Securities, cost |
InvestmentOwnedAtCost
|
$2.63B | USD | Point-in-time |
| Dividends from affiliates |
DividendsReceivable
|
$361.77K | USD | Point-in-time |
| Dividends from affiliates |
DividendsReceivable
|
$37.41K | USD | Point-in-time |
| Investments in Securities, cost |
InvestmentOwnedAtCost
|
$3.98B | USD | Point-in-time |
| Total assets |
Assets
|
$2.67B | USD | Point-in-time |
| Total assets |
Assets
|
$4.20B | USD | Point-in-time |
| Variation margin payable- Commodity Futures Contracts |
PayableToClearingOrganizations
|
$33.69M | USD | Point-in-time |
| Variation margin payable- Commodity Futures Contracts |
PayableToClearingOrganizations
|
$84.11M | USD | Point-in-time |
| Fund shares reacquired |
PayableForFundSharesReacquired
|
$10.42M | USD | Point-in-time |
| Management fees |
DueToRelatedPartiesCurrentAndNoncurrent
|
$2.95M | USD | Point-in-time |
| Management fees |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.86M | USD | Point-in-time |
| Brokerage commissions and fees |
CommissionsPayableToBrokerDealersAndClearingOrganizations
|
$4.54K | USD | Point-in-time |
| Brokerage commissions and fees |
CommissionsPayableToBrokerDealersAndClearingOrganizations
|
$3.51K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$35.55M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$97.48M | 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
|
$829.00 | USD | Point-in-time |
| Shareholder's equityGeneral Shares |
GeneralPartnersCapitalAccount
|
$1.04K | USD | Point-in-time |
| Shareholders' equityShares |
LimitedPartnersCapitalAccount
|
$4.10B | USD | Point-in-time |
| Shareholders' equityShares |
LimitedPartnersCapitalAccount
|
$2.63B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$4.10B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.34B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.63B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$4.20B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$2.67B | 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
|
157.40M | shares | Point-in-time |
| Shares outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
126.90M | shares | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$16.56 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$14.66 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$20.72 | USD | Point-in-time |
| Net asset value per share |
NetAssetValuePerShare
|
$26.06 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$16.61 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$26.08 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$20.78 | USD | Point-in-time |
| Market value per share |
MarketValuePerShare
|
$14.70 | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest Income |
InterestIncomeOperating
|
$394.84K | USD | 1 Quarter |
| Interest Income |
InterestIncomeOperating
|
$109.72K | USD | 1 Quarter |
| Dividends from Affiliates |
DividendIncomeOperating
|
$89.58K | USD | 1 Quarter |
| Dividends from Affiliates |
DividendIncomeOperating
|
$472.53K | USD | 1 Quarter |
| Total Income |
InterestAndDividendIncomeOperating
|
$199.30K | USD | 1 Quarter |
| Total Income |
InterestAndDividendIncomeOperating
|
$867.37K | USD | 1 Quarter |
| Management Fees |
InvestmentCompanyGeneralPartnerAdvisoryService
|
$7.23M | USD | 1 Quarter |
| Management Fees |
InvestmentCompanyGeneralPartnerAdvisoryService
|
$3.50M | USD | 1 Quarter |
| Brokerage Commissions and Fees |
FloorBrokerageExchangeAndClearanceFees
|
$107.63K | USD | 1 Quarter |
| Brokerage Commissions and Fees |
FloorBrokerageExchangeAndClearanceFees
|
$76.50K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$11.09K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$4.07K | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$3.58M | USD | 1 Quarter |
| Total Expenses |
OperatingExpenses
|
$7.34M | USD | 1 Quarter |
| Less: Waivers |
InvestmentCompanyContractualFeeWaived
|
$208.56K | USD | 1 Quarter |
| Less: Waivers |
InvestmentCompanyContractualFeeWaived
|
$73.20K | USD | 1 Quarter |
| Net Expenses |
OperatingExpensesNet
|
$3.37M | USD | 1 Quarter |
| Net Expenses |
OperatingExpensesNet
|
$7.27M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$-3.17M | USD | 1 Quarter |
| Net Investment Income (Loss) |
OperatingIncomeLoss
|
$-6.40M | USD | 1 Quarter |
| Commodity Futures Contracts |
GainLossOnSaleOfCommodityContracts
|
$68.21M | 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
|
$68.21M | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesUnrealizedGainLoss
|
$-172.38K | USD | 1 Quarter |
| United States Treasury Obligations |
MarketableSecuritiesUnrealizedGainLoss
|
$99.03K | USD | 1 Quarter |
| Affiliated Investments |
UnrealizedGainLossOnAffiliatedInvestments
|
$25.69K | USD | 1 Quarter |
| Affiliated Investments |
UnrealizedGainLossOnAffiliatedInvestments
|
$-136.94K | USD | 1 Quarter |
| Commodity Futures Contracts |
UnrealizedGainLossOnCommodityContracts
|
$109.97M | USD | 1 Quarter |
| Commodity Futures Contracts |
UnrealizedGainLossOnCommodityContracts
|
$649.70M | USD | 1 Quarter |
| Net Change in Unrealized Gain (Loss) |
UnrealizedGainLossOnInvestments
|
$649.39M | 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
|
$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
|
$178.30M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$175.13M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$764.17M | USD | 1 Quarter |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income (Loss) |
NetIncomeLoss
|
$175.13M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$764.17M | USD | 1 Quarter |
| Cost of securities purchased |
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
$623.85M | 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
|
$160.00M | USD | 1 Quarter |
| Cost of affiliated investments purchased |
CostOfAffiliatedInvestmentsPurchased
|
$966.10M | USD | 1 Quarter |
| Cost of affiliated investments purchased |
CostOfAffiliatedInvestmentsPurchased
|
$2.70B | USD | 1 Quarter |
| Proceeds from affiliated investments sold |
ProceedsFromAffiliatedInvestmentsSold
|
$878.92M | USD | 1 Quarter |
| Proceeds from affiliated investments sold |
ProceedsFromAffiliatedInvestmentsSold
|
$1.40B | USD | 1 Quarter |
| Net accretion of discount on United States Treasury Obligations |
DepreciationAmortizationAndAccretionNet
|
$-109.72K | USD | 1 Quarter |
| Net accretion of discount on United States Treasury Obligations |
DepreciationAmortizationAndAccretionNet
|
$-394.84K | 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
|
$11.19M | USD | 1 Quarter |
| Dividends from affiliates |
IncreaseDecreaseInDividendsReceivable
|
$11.60K | USD | 1 Quarter |
| Dividends from affiliates |
IncreaseDecreaseInDividendsReceivable
|
$324.36K | USD | 1 Quarter |
| Variation margin - Commodity Futures Contracts |
IncreaseDecreaseInVariationMargin
|
$-4.38M | USD | 1 Quarter |
| Variation margin - Commodity Futures Contracts |
IncreaseDecreaseInVariationMargin
|
$-50.42M | USD | 1 Quarter |
| LME Commodity Futures Contracts |
IncreaseDecreaseInTradingLiabilities
|
$-7.53M | USD | 1 Quarter |
| LME Commodity Futures Contracts |
IncreaseDecreaseInTradingLiabilities
|
$-4.63M | USD | 1 Quarter |
| Management fees |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$523.42K | USD | 1 Quarter |
| Management fees |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$1.08M | USD | 1 Quarter |
| Brokerage commissions and fees |
IncreaseDecreaseInPayablesToBrokerDealers
|
$2.57K | USD | 1 Quarter |
| Brokerage commissions and fees |
IncreaseDecreaseInPayablesToBrokerDealers
|
$1.03K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-609.70M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-386.93M | USD | 1 Quarter |
| Proceeds from purchases of Shares |
ProceedsFromIssuanceOfCommonStock
|
$1.09B | USD | 1 Quarter |
| Proceeds from purchases of Shares |
ProceedsFromIssuanceOfCommonStock
|
$510.67M | USD | 1 Quarter |
| Redemption of Shares |
PaymentsForRepurchaseOfCommonStock
|
$385.41M | USD | 1 Quarter |
| Redemption of Shares |
PaymentsForRepurchaseOfCommonStock
|
$131.27M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$705.56M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$379.39M | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-7.54M | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$95.86M | USD | 1 Quarter |
| Cash at beginning of period |
Cash
|
$7.54M | USD | Point-in-time |
| Cash at beginning of period |
Cash
|
- | USD | Point-in-time |
| Cash at beginning of period |
Cash
|
$95.86M | USD | Point-in-time |
| Cash at end of period |
Cash
|
$7.54M | USD | Point-in-time |
| Cash at end of period |
Cash
|
- | USD | Point-in-time |
| Cash at end of period |
Cash
|
$95.86M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$11.09K | 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
|
$4.10B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.34B | 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
|
$510.67M | USD | 1 Quarter |
| Redemption of Shares - Value |
StockRedeemedOrCalledDuringPeriodValue
|
$131.27M | USD | 1 Quarter |
| Redemption of Shares - Value |
StockRedeemedOrCalledDuringPeriodValue
|
$395.83M | USD | 1 Quarter |
| Net Increase (Decrease) due to Share Transactions, value |
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
|
$708.17M | 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
|
$-6.40M | 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 Realized Gain (Loss) on United States Treasury Obligations, Affiliated Investments and Commodity Futures Contracts |
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$68.21M | 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
|
$110.09M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$175.13M | 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
|
$554.52M | USD | 1 Quarter |
| Balance - Value |
StockholdersEquity
|
$4.10B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.90B | USD | Point-in-time |
| Balance - Value |
StockholdersEquity
|
$1.34B | 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.