Note 8 - Financial Highlights

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Financial Highlights [Text Block]

8 - Financial Highlights

The following financial highlights relate to investment performance and operations for a Share outstanding for the three months ended March 31, 2020 and 2019.

	Three months Ended
	March 31,
	2020			2019
Net asset value per Share, beginning of period	$	16.24		$	13.99
Net investment income(a)		0.02			0.05
Net realized and unrealized gain (loss)(b)		(6.89	)		1.94
Net increase (decrease) in net assets from operations		(6.87	)		1.99
Net asset value per Share, end of period	$	9.37		$	15.98
Total return, at net asset value(c)(d)		(42.30	)%		14.22	%
Ratio to average net assets:
Net investment income(e)		0.59	%		1.41	%
Expenses(e)		0.88	%		0.86	%

(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 each 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.