The following tables summarize BDRY’s valuation
of investments at December 31, 2025 and at June 30, 2025 using the fair value hierarchy:
| | |
December 31, 2025 | |
| | |
Short-Term
Investments(a) | | |
Futures
Contracts(b) | | |
Total | |
| Level I – Quoted Prices | |
$ | 1,080,044 | | |
$ | (648,045 | ) | |
$ | 431,999 | |
| a | – | Included in Investments in securities in the Combined Statements of Assets and Liabilities. |
| b | – | Included in Unrealized depreciation on futures contracts in the Combined Statements of Assets and Liabilities. |
| | |
June 30, 2025 | |
| | |
Short-Term
Investments(a) | | |
Futures
Contracts(b) | | |
Total | |
| Level I – Quoted Prices | |
$ | 44,760,073 | | |
$ | (861,490 | ) | |
$ | 43,898,583 | |
| a |
– |
Included in Investments in securities in the Combined Statements of Assets and Liabilities. |
| b |
– |
Included in Unrealized depreciation on futures contracts in the Combined Statements of Assets and Liabilities. |
The following tables summarize BWET’s valuation
of investments at December 31, 2025 and at June 30, 2025 using the fair value hierarchy:
| | |
December 31, 2025 | |
| | |
Short-Term
Investments(a) | | |
Futures
Contracts(b) | | |
Total | |
| Level I – Quoted Prices | |
$ | 812,976 | | |
$ | (379,680 | ) | |
$ | 433,296 | |
| a |
– |
Included in Investments in securities in the Combined Statements of Assets and Liabilities. |
| b |
– |
Included in Unrealized depreciation on futures contracts in the Combined Statements of Assets and Liabilities. |
| | |
June 30, 2025 | |
| | |
Short-Term
Investments(a) | | |
Futures
Contracts(b) | | |
Total | |
| Level I – Quoted Prices | |
$ | 544,616 | | |
$ | (60,903 | ) | |
$ | 483,713 | |
| a |
– |
Included in Investments in securities in the Combined Statements of Assets and Liabilities. |
| b |
– |
Included in Unrealized depreciation on futures contracts in the Combined Statements of Assets and Liabilities. |
|