P
RINCIPAL
A
MOUNT
$
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
a
a
a
a
a
US
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
103.8%
7,200,000
United
States
Treasury
Bill
(a)
............................................
0.00%
7/7/2026
7,195,726
3,500,000
United
States
Treasury
Bill
(a)
............................................
0.00%
7/9/2026
3,497,176
6,000,000
United
States
Treasury
Bill
(a)
............................................
0.00%
8/6/2026
5,978,340
1,000,000
United
States
Treasury
Bill
.............................................
0.00%
9/1/2026
993,744
2,000,000
United
States
Treasury
Bill
.............................................
0.00%
9/8/2026
1,985,944
3,000,000
United
States
Treasury
Bill
.............................................
0.00%
10/13/2026
2,967,782
4,500,000
United
States
Treasury
Bill
.............................................
0.00%
10/20/2026
4,447,674
5,000,000
United
States
Treasury
Bill
.............................................
0.00%
11/27/2026
4,922,085
52,000,000
United
States
Treasury
Bill
.............................................
0.00%
12/3/2026
51,153,439
Total
US
Government
and
Agency
Obligations
(Cost
$83,171,481)
83,141,910
SHARES
SHORT
TERM
INVESTMENTS
-
4.4%
1,202,712
BNY
Dreyfus
Government
Cash
Management
-
Institutional
(b)
......................
3.54%
1,202,712
1,167,339
MSILF
Government
Portfolio
-
Institutional
(b)
..................................
3.56%
1,167,339
1,167,339
Northern
Institutional
Funds
-Treasury
Portfolio
-
SHR
(b)
..........................
3.56%
1,167,339
Total
Short
Term
Investments
(Cost
$3,537,390)
3,537,390
Total
Investments
-
108.2%
(c)
(Cost
$86,708,871)
86,679,300
Other
Liabilities
in
Excess
of
Assets
-
(8.2)%
(6,592,963)
NET
ASSETS
-
100.0%
$80,086,337
(a)
All
or
a
portion
of
security
has
been
pledged
as
collateral.
(b)
Seven-day
yield
as
of
period
end.
(c)
100.00%
of
the
total
investments
are
based
in
the
United
States.
MSILF
Morgan
Stanley
Institutional
Liquidity
Funds
Swap
Agreements
Excess
Return
Swaps
Reference
Entity
Counterparty
Long/
Short
Financing
Rate
Payment
Frequency
Termination
Date
Notional
Amount
Value
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation
(Depreciation)
Commodity
Beta
Basket
Swap
(1)(2)
Barclays
Capital,
Inc.
Long
0.20%
Termination
07/01/2026
$
29,300,007
$
(2,177,534)
$
–
$
(2,177,534)
Commodity
Beta
Basket
Swap
(1)(2)
Canadian
Imperial
Bank
Of
Commerce
Long
0.21%
Termination
07/01/2026
$
28,900,002
(2,214,381)
–
(2,214,381)
Commodity
Beta
Basket
Swap
(1)(2)
Bank
of
America
MerrillLynch
Long
0.23%
Termination
07/01/2026
$
28,900,002
(2,214,846)
–
(2,214,846)
$
(6,606,761)
$
–
$
(6,606,761)