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FINANCIAL HIGHLIGHTS
3 Months Ended
Mar. 31, 2026
Investment Company [Abstract]  
FINANCIAL HIGHLIGHTS

 

11.FINANCIAL HIGHLIGHTS

 

The Trust is presenting the following NAV and financial highlights related to investment performance for a Share outstanding for the three month periods ended March 31, 2026 and 2025. An individual investor’s return and ratios may vary based on the timing of capital transactions.

 

Selected data for a share of beneficial interest outstanding throughout each period is presented below:

          
  

For the Three Months Ended
March 31, 2026

(Unaudited)

  

For the Three Months Ended
March 31, 2025

(Unaudited)

 
Net asset value, beginning of period   $92.51    $99.04 
Investment operations:          
Net investment loss   (0.05)    (0.06) 
Net realized and unrealized loss   (20.44)    (11.04) 
Total from investment operations   (20.49)    (11.10) 
Net asset value, end of period   $72.02    $87.94 
TOTAL RETURN1   (22.15)%    (11.21)% 
RATIOS/SUPPLEMENTAL DATA:          
Net assets, end of period (000’s omitted)   $147,273    $152,576 
Ratios to average net assets of:          
Expenses2   0.25%    0.25% 
Net investment loss2   (0.25)%    (0.25)% 

 

1Total return calculated for a period of less than one year is not annualized.

 

2Annualized.