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The
following financial highlights relate to investment performance and operations for a Share outstanding for the three and six months
ended June 30, 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.
| | |
Three
Months Ended
June 30, 2026
(Unaudited)* | | |
Six
Months Ended June 30, 2026 (Unaudited)* | |
| Net Asset Value, Beginning of Period | |
$ | 11.99 | | |
$ | 14.62 | |
| Net Investment Income (Loss)(a) | |
| (0.03 | ) | |
| (0.06 | ) |
| Net Realized and Unrealized Gain (Loss) on Investments(b) | |
| (2.49 | ) | |
| (5.09 | ) |
| Net Increase (Decrease) in Net Asset Value Resulting from Operations | |
| (2.52 | ) | |
| (5.15 | ) |
| Net Asset Value, End of Period | |
$ | 9.47 | | |
$ | 9.47 | |
| Market Value Per Share(c) | |
$ | 9.48 | | |
$ | 9.48 | |
| Total Return at Net Asset Value(d) | |
| -20.99 | % | |
| -35.21 | % |
| Total Return at Market Value(c)(d) | |
| -20.41 | % | |
| -35.19 | % |
| | |
| | | |
| | |
| Ratios to Average Net Assets:(e) | |
| | | |
| | |
| Expense Ratio(e) | |
| 0.95 | % | |
| 0.95 | % |
| Net Investment Income (Loss)(e) | |
| -0.95 | % | |
| -0.95 | % |
| * |
No comparative financial highlights have been presented as the initial share purchase date of the Trust was October 27, 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. |
|