10. Financial Highlights
The Trust is presenting the following financial
highlights related to investment performance and operations of a Share outstanding for the three and six months ended June 30, 2026 and
2025, respectively. 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 Nasdaq Stock Market, LLC during the period. An individual investor’s
return and ratios may vary based on the timing of capital transactions.
Financial Highlights (Unaudited)
For the three and six months ended June 30, 2026
and 2025:
| | |
Three Months Ended
June 30, 2026
(unaudited) | | |
Three Months Ended
June 30, 2025 (unaudited) | | |
Six Months Ended
June 30, 2026
(unaudited) | | |
Six Months Ended
June 30, 2025 (unaudited) | |
| Net Asset Value | |
| | | |
| | | |
| | | |
| | |
| Net Asset Value per Share, beginning of period | |
$ | 19.24 | | |
$ | 23.49 | | |
$ | 24.74 | | |
$ | 26.43 | |
| Net investment income (loss) | |
| (0.01 | ) | |
| (0.02 | ) | |
| (0.03 | ) | |
| (0.03 | ) |
| Net realized and change in unrealized Gain (loss) | |
| (2.77 | ) | |
| 6.75 | | |
| (8.25 | ) | |
| 3.82 | |
| Net income (loss) | |
| (2.78 | ) | |
| 6.73 | | |
| (8.28 | ) | |
| 3.79 | |
| Net asset value per Share, end of period | |
$ | 16.46 | | |
$ | 30.22 | | |
$ | 16.46 | | |
$ | 30.22 | |
| Market Value per Share, beginning of period | |
$ | 19.13 | | |
$ | 23.30 | | |
$ | 24.73 | | |
$ | 26.45 | |
| Market Value per Share, end of period | |
$ | 16.55 | | |
$ | 30.47 | | |
$ | 16.55 | | |
$ | 30.47 | |
| Ratio to average net assets | |
| | | |
| | | |
| | | |
| | |
| Net investment income (loss)(1) | |
| (0.25 | )% | |
| (0.25 | )% | |
| (0.25 | )% | |
| (0.25 | )% |
| Gross expenses(1) | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % |
| Net expenses(1) | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % |
| Total return, at net asset value(2) | |
| (14.45 | )% | |
| 28.65 | % | |
| (33.47 | )% | |
| 14.34 | % |
| Total return, at market value(2) | |
| (13.49 | )% | |
| 30.77 | % | |
| (33.08 | )% | |
| 15.20 | % |
|