| 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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$ |
119,695,266 |
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$ |
— |
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$ |
— |
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$ |
119,695,266 |
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Money Market Mutual Fund |
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944,583,531 |
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— |
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— |
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944,583,531 |
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Total Investments in Securities |
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1,064,278,797 |
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— |
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— |
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1,064,278,797 |
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Other Investments - Assets(a) |
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Commodity Futures Contracts |
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24,251,692 |
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— |
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— |
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24,251,692 |
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Other Investments - Liabilities(a) |
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Commodity Futures Contracts |
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(36,701,935 |
) |
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— |
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— |
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(36,701,935 |
) |
Total Other Investments |
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(12,450,243 |
) |
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— |
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— |
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(12,450,243 |
) |
Total Investments |
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$ |
1,051,828,554 |
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$ |
— |
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$ |
— |
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$ |
1,051,828,554 |
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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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$ |
119,785,970 |
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$ |
— |
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$ |
— |
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$ |
119,785,970 |
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Money Market Mutual Fund |
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469,899,174 |
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— |
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— |
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469,899,174 |
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Total Investments in Securities |
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589,685,144 |
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— |
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— |
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589,685,144 |
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Other Investments - Assets(a) |
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Commodity Futures Contracts |
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13,033,497 |
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— |
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— |
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13,033,497 |
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Other Investments - Liabilities(a) |
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Commodity Futures Contracts |
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(23,862,639 |
) |
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— |
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— |
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(23,862,639 |
) |
Total Other Investments |
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(10,829,142 |
) |
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— |
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— |
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(10,829,142 |
) |
Total Investments |
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$ |
578,856,002 |
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$ |
— |
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$ |
— |
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$ |
578,856,002 |
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(a)Unrealized appreciation (depreciation).
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