The following
financial highlights relate to investment performance and operations for a Share outstanding for the quarter ended March 31, 2026. The total return at NAV is based on the change in NAV of a Share during the period, and the total return at market value is based on
the change in market value of a Share on the Exchange during the period. An individual investor’s return and ratios may vary based
on the timing of capital transactions.
| | |
Quarter Ended March 31, 2026 (Unaudited)* | |
| Net Asset Value, Beginning of Period | |
$ | 19.58 | |
| Net Investment Income (Loss)(a) | |
| (0.02 | ) |
| Net Realized and Unrealized Gain (Loss) on Investments(b) | |
| (5.28 | ) |
| Net Increase (Decrease) in Net Asset Value Resulting from Operations | |
| (5.30 | ) |
| Net Asset Value, End of Period | |
$ | 14.28 | |
| Market Value Per Share(c) | |
$ | 14.30 | |
| Total Return at Net Asset Value(d) | |
| -27.07 | % |
| Total Return at Market Value(c)(d) | |
| -26.48 | % |
| | |
| | |
| Ratios to Average Net Assets:(e) | |
| | |
| Expense Ratio(e) | |
| 0.50 | % |
| Net Investment Loss(e) | |
| -0.50 | % |
| * |
No
comparative financial highlights have been presented as the initial share purchase date of the Trust was November 12,
2025. |
| (a) |
Net investment loss per share represents net investment loss divided by the daily average shares of beneficial
interest outstanding during the period. |
| (b) |
Due to timing of capital share transactions, per share amounts may not compare with amounts appearing elsewhere
within these Financial Statements. |
| (c) |
Market values are determined at the close of the applicable primary listing exchange, which may be later
than when the Trust’s net asset value is calculated. |
| (d) |
Not annualized. |
| (e) |
Annualized. |
|