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The following financial highlights relate to investment performance and operations for a Share outstanding for the three months ended June 30, 2026 and the Period from January 14, 2026 (Date of Seeding) to June 30, 2026.
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Three Months Ended
June 30, 2026 |
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For the Period from January 14, 2026 (Date of Seeding) to June 30, 2026 |
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| Net asset value per Share, beginning of period |
|
$ |
27.03 |
|
|
$ |
25.00 |
|
| Net investment income(a) |
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|
0.04 |
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|
|
0.06 |
|
| Net realized and unrealized loss(b) |
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|
(6.54 |
) |
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|
(4.53 |
) |
| Net decrease in net assets from operations |
|
|
(6.50 |
) |
|
|
(4.47 |
) |
| Distributions per share |
|
|
(0.02 |
) |
|
|
(0.02 |
) |
| Net asset value per Share, end of period |
|
$ |
20.51 |
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|
$ |
20.51 |
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| Total return, at net asset value(c)(d)(h) |
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|
(24.07 |
)% |
|
(23.07 |
)%(e)(f) |
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| Ratio to average net assets: |
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|
|
|
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| Net investment income(g) |
|
|
0.69 |
% |
|
|
0.59 |
% |
| Total expenses(g) |
|
|
0.30 |
% |
|
|
0.30 |
% |
| Total expenses after fees waived(g) |
|
|
0.17 |
% |
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|
0.17 |
% |
| (a) |
Based on average Shares outstanding during the period. |
| (b) |
The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment. |
| (c) |
Based on the change in net asset value of a Share during the period. |
| (d) (e) |
Percentage is not annualized. For the period March 11, 2026 (Effective Date) to June 30, 2026. |
| (f) |
For the period January 14, 2026 to June 30, 2026, the Trust’s total return was (17.90)%. |
| (g) |
Percentage is annualized. |
| (h) |
Where applicable, assumes the reinvestment of distributions. |
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