| Summary of the Tiered Valuation Input Levels |
The following is a summary of the tiered valuation input levels as of March 31, 2025:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Investments in Securities |
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United States Treasury Obligations |
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$ |
— |
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$ |
49,659,065 |
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$ |
— |
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$ |
49,659,065 |
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Money Market Mutual Fund |
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48,393,442 |
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— |
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— |
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|
48,393,442 |
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Total Investments in Securities |
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48,393,442 |
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|
49,659,065 |
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|
— |
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|
98,052,507 |
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Other Investments - Assets(a) |
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Commodity Futures Contracts |
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512,064 |
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— |
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— |
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|
512,064 |
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Other Investments - Liabilities (a) |
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Commodity Futures Contracts |
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(2,798,008 |
) |
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— |
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— |
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(2,798,008 |
) |
Total Other Investments |
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(2,285,944 |
) |
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— |
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— |
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(2,285,944 |
) |
Total Investments |
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$ |
46,107,498 |
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|
$ |
49,659,065 |
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$ |
— |
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$ |
95,766,563 |
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(a)Unrealized appreciation (depreciation). The following is a summary of the tiered valuation input levels as of December 31, 2024:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Investments in Securities |
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United States Treasury Obligations |
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$ |
— |
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$ |
49,156,643 |
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$ |
— |
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|
$ |
49,156,643 |
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Money Market Mutual Fund |
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|
51,500,959 |
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— |
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— |
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|
51,500,959 |
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Total Investments in Securities |
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51,500,959 |
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|
|
49,156,643 |
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|
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— |
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|
100,657,602 |
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Other Investments - Assets (a) |
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Commodity Futures Contracts |
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2,345,072 |
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— |
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— |
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2,345,072 |
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Other Investments - Liabilities (a) |
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Commodity Futures Contracts |
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(5,864,184 |
) |
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— |
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— |
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(5,864,184 |
) |
Total Other Investments |
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(3,519,112 |
) |
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— |
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— |
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(3,519,112 |
) |
Total Investments |
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$ |
47,981,847 |
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$ |
49,156,643 |
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$ |
— |
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$ |
97,138,490 |
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(a)Unrealized appreciation (depreciation).
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