Three Months Ended March 31,

2026

2025

Per Share Data:

Principal Market NAV, beginning of period

$

38.74

$

41.39

Net decrease in net assets from investment operations:

Net investment loss

(0.01

)

(0.02

)

Net realized and unrealized loss

(8.74

)

(4.84

)

Net decrease in net assets resulting from operations

(8.75

)

(4.86

)

Principal Market NAV, end of period

$

29.99

$

36.53

Total return

-22.59

%

-11.74

%

Ratios to average net assets:

Net investment loss

-0.15

%

-0.15

%

Expenses

-0.15

%

-0.15

%