Financial Highlights

6 Months Ended

Jun. 30, 2025

10.

Financial Highlights*

	For the 3 (three) months ended June 30, 2025* (Unaudited)			For the period January 21, 2025 (initial seed creation date) through June 30, 2025* (Unaudited)
Net Asset Value Per Share Performance (for a Share outstanding throughout the period presented), Beginning of Period	$	20.88		$	25.00
Net investment loss ⁽¹⁾	$	(0.02	)	$	(0.02	⁾
Net Realized and Unrealized Gain (Loss)	$	6.51		$	2.39
Net Increase (Decrease) in Net Assets from Operations	$	6.49		$	2.37
Net Asset Value Per Share Performance (for a Share outstanding throughout the period presented), End of Period	$	27.37		$	27.37
Market Value Per Share, at June 30, 2025 ⁽²⁾	$	27.43		$	27.43
Total Return at Net Asset Value ⁽³⁾		31.08	%		9.48	%
Total Return at Market Value ⁽³⁾		31.34	%		9.72	%

Ratios to Average Net Assets: ⁽⁴⁾
Gross Expense ratio		0.50	%		0.50	%⁽⁵⁾
Net Expense ratio		0.25	%		0.25	%⁽⁵⁾
Net Investment Loss		(0.25)	%		(0.25	)%⁽⁵⁾

No comparative schedule shown/provided as it is the Trust’s first fiscal year of operations.

(1)

Net investment loss per share represents net investment loss divided by the daily average shares of beneficial interest outstanding during the period.

(2)

Market values are determined at the close of the applicable primary listing exchange, which may be later than when the Trust’s net asset value is calculated.

(3)

Percentages are not annualized.

(4)

Percentages are annualized.

(5)

Includes activity for the period February 14, 2025 (effective date) through June 30, 2025.

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