Credit derivatives generally require the seller to make a payment to the buyer in the event the underlying referenced security or index to the contract defaults or another triggering event, as defined in the applicable derivative contract, occurs. The Trust sells credit derivative contracts for speculative investment purposes. The following table summarizes the notional amounts of credit derivative contracts sold by the Trust by their maturity for contracts which are outstanding at March 31, 2026 and December 31, 2025. Notional amounts are disclosed as they represent the maximum potential payout, however, management believes that the carrying value of these contracts is a more relevant measure of these obligations. At March 31, 2026, the carrying value of such credit derivative contracts sold was $(5,386,413). At December 31, 2025, the carrying value of such credit derivative contracts purchased was $26,945,598.

	March 31, 2026				December 31, 2025
Credit Default Index Swaps	Maturity Date: June 2031				Maturity Date: December 2030
Investment grade		$	(244,611,675	)		$	667,773,760
Non-investment grade			37,751,005				246,875,320
Total		$	(206,860,670	)		$	914,649,080

The Trust does not monitor its exposure to credit derivatives based on the notional amounts because that measure does not take into consideration the probability of a credit default event, the legal right to offset assets and liabilities by a counterparty, or collateral posted. However, the notional value of these credit derivative contracts has been included to provide information about the magnitude of involvement with these types of contracts.