| Summary of the Tiered Valuation Input Levels |
The following is a summary of the tiered valuation input levels as of June 30, 2026:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Investments in Securities |
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Exchange-Traded Fund |
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$ |
21,525,723 |
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$ |
— |
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$ |
— |
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$ |
21,525,723 |
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Money Market Mutual Fund |
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200,120,172 |
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— |
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— |
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200,120,172 |
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Total Investments in Securities |
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221,645,895 |
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— |
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— |
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221,645,895 |
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Other Investments - Assets (a) |
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Commodity Futures Contracts |
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3,755,743 |
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— |
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— |
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3,755,743 |
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Other Investments - Liabilities (a) |
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Commodity Futures Contracts |
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(11,121,464 |
) |
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— |
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— |
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(11,121,464 |
) |
Total Other Investments |
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(7,365,721 |
) |
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— |
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— |
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(7,365,721 |
) |
Total Investments |
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$ |
214,280,174 |
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$ |
— |
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$ |
— |
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$ |
214,280,174 |
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(a)Unrealized appreciation (depreciation). The following is a summary of the tiered valuation input levels as of December 31, 2025:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Investments in Securities |
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Exchange-Traded Fund |
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$ |
21,542,035 |
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$ |
— |
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$ |
— |
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$ |
21,542,035 |
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Money Market Mutual Fund |
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124,024,968 |
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— |
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— |
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124,024,968 |
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Total Investments in Securities |
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145,567,003 |
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— |
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— |
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145,567,003 |
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Other Investments - Assets (a) |
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Commodity Futures Contracts |
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29,851,162 |
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— |
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— |
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29,851,162 |
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Total Investments |
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$ |
175,418,165 |
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$ |
— |
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$ |
— |
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$ |
175,418,165 |
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(a)Unrealized appreciation (depreciation).
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