v3.26.3
Note 8 - Financial Highlights
 9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Investment Company, Financial Highlights [Text Block]

8 -

Financial Highlights

 

The following financial highlights relate to investment performance and operations for a Share outstanding for the three and nine months ended September 30, 2026 and 2025.

 

  

Three Months Ended
September 30,

  

Nine Months Ended
September 30,

 
  

2026

  

2025

  

2026

  

2025

 

Net asset value per Share, beginning of period

 $28.50  $22.06  $23.09  $21.74 

Net investment income(a)

  0.24   0.20   0.65   0.58 

Net realized and unrealized gain (loss)(b)

  6.81   0.64   11.81   0.58 

Net increase in net assets from operations

  7.05   0.84   12.46   1.16 

Net asset value per Share, end of period

 $35.55  $22.90  $35.55  $22.90 
                 

Total return, at net asset value(c)(d)

  24.74%  3.81%  53.96%  5.34%
                 

Ratio to average net assets:

                

Net investment income(e)

  2.92%  3.46%  2.88%  3.47%

Expenses (e)

  0.80%  0.81%  0.80%  0.82%

 

(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 investments for the period due to the timing of Trust Share transactions in relation to the fluctuating fair values of the Trust’s underlying investments.

(c)

Based on the change in net asset value of a Share during the period.

(d)

Percentage is not annualized.

(e)

Percentage is annualized.