v3.26.1
Risks and Uncertainties
9 Months Ended
Mar. 31, 2026
Risks and Uncertainties [Abstract]  
Risks and Uncertainties

8. Concentration Risk

The Fund’s investment portfolio is concentrated in the Fund Components, and its net asset value and results of operations are directly affected by the price of the Fund Components, which have historically been highly volatile. As a result, the Fund may experience significant fluctuations in net asset value, including periods of substantial losses. This concentration also exposes the Fund to risks specific to the Fund Components and their supporting infrastructures, including market liquidity constraints and operational or cybersecurity risks associated with the custody and transfer of the Fund Components.