| Investment in EUAs |
Changes in EUAs held and their respective values for the periods December 1, 2025 to August 31, 2026 and June 17, 2025a to November 30, 2025, respectively: | | | EUAs | | | Fair Value | | | Opening Balance, December 1, 2025 | | | 19,700 | | | $ | 1,900,519 | | | EUAs Purchased | | | – | | | | – | | | EUAs Sold | | | (100 | ) | | | (8,903 | ) | | Realized Gain/(Loss) from EUAs sold to pay expenses | | | – | | | | 391 | | | Net change in Unrealized Appreciation/(Depreciation) | | | – | | | | (16,350 | ) | | Ending Balance, August 31, 2026 | | | 19,600 | | | $ | 1,875,657 | | | | | EUAs | | | Fair Value | | | Opening Balance, June 17, 2025a | | | – | | | $ | – | | | EUAs Purchased | | | 30,000 | | | | 2,544,145 | | | EUAs Sold | | | (10,300 | ) | | | (904,312 | ) | | Realized Gain/(Loss) from EUAs sold to fund the redemption | | | – | | | | 28,146 | | | Realized Gain/(Loss) from EUAs sold to pay expenses | | | – | | | | (618 | ) | | Net change in Unrealized Appreciation/(Depreciation) | | | – | | | | 233,158 | | | Ending Balance, November 30, 2025 | | | 19,700 | | | $ | 1,900,519 | | | a | The Trust commenced operations on June 17, 2025. |
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