Financial Highlights

2 Months Ended

Dec. 31, 2025

Financial Highlights

The Trust is presenting the following financial highlights related to investment performance and operations of a Share outstanding for the period from November 12, 2025 (the initial share purchase date) through December 31, 2025. As the Trust had not yet commenced operations before this period, no comparative period is presented. 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 Exchange during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions.

For the period November 12, 2025 (initial share purchase date) through December 31, 2025:


Net Asset Value, Beginning of Period	$	25.00
Net investment income (loss)⁽¹⁾		(0.02	)
Net Realized and Unrealized Gain (Loss) on Investments⁽²⁾		(5.40	)
Net Increase (Decrease) in Net Asset Value Resulting from Operations		(5.42	)
Net Asset Value, End of Period	$	19.58
Market Value Per Share, at December 31, 2025⁽³⁾	$	19.45
Total Return at Net Asset Value⁽⁴⁾		-21.69	%
Total Return at Market Value⁽³⁾⁽⁴⁾		-22.20	%

Ratios to Average Net Assets:⁽⁵⁾
Expense ratio (5)		0.50	%
Net Investment Loss (5)		-0.50	%

⁽¹⁾

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

⁽²⁾

Due to timing of capital share transactions, per share amounts may not compare with amounts appearing elsewhere within these Financial Statements.

⁽³⁾

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

⁽⁴⁾

Not Annualized.

⁽⁵⁾

Annualized.

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