Three Months Ended March 31,

2026

2025

Per Share Data:

Principal Market NAV, beginning of period

$

68.41

$

74.08

Net decrease in net assets from investment operations:

Net investment loss

(0.22

)

(0.27

)

Net realized and unrealized loss

(15.40

)

(8.66

)

Net decrease in net assets resulting from operations

(15.62

)

(8.93

)

Principal Market NAV, end of period

$

52.79

$

65.15

Total return

-22.83

%

-12.05

%

Ratios to average net assets:

Net investment loss

-1.50

%

-1.50

%

Expenses

-1.50

%

-1.50

%