Schedules of Investments (Unaudited)

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Investment Holdings, Schedule of Investments [Text Block]

Schedules of Investments (Unaudited)

At March 31, 2020 and December 31, 2019

March 31, 2020

Security Description	Face Amount		Fair Value
U.S. Treasury bills(a)(b):
1.57% due 04/07/20	$	3,755,000	$	3,754,958
0.31% – 1.55% due 04/16/20		139,000,000		138,995,656
1.55% – 1.61% due 04/23/20		55,000,000		54,998,941
1.51% – 1.54% due 05/07/20		55,000,000		54,996,494
1.55% – 1.57% due 05/14/20		20,465,000		20,463,106
0.47% – 1.55% due 05/21/20		80,000,000		79,992,778
1.52% due 06/11/20		23,150,000		23,145,822
1.13% due 06/25/20		50,000,000		49,992,150
1.54% due 07/02/20		45,000,000		44,988,500
1.06% due 08/06/20		20,000,000		19,993,985
Total U.S. Treasury bills (Cost: $490,592,111)				491,322,390
Total Investments – 97.96%				491,322,390
Other Assets, Less Liabilities – 2.04%				10,224,366
Net Assets – 100.00%			$	501,546,756

(a) A portion of the above United States Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D.

(b) Rates shown are discount rates paid at the time of purchase.

As of March 31, 2020, the open S&P GSCI-ER futures contracts were as follows:

Number of Contracts	Expiration Date	Current Notional Amount		Net Unrealized Appreciation (Depreciation)
36,555	June 15, 2020	$	499,758,027	$	(125,957,813	)

December 31, 2019

Security Description	Face Amount		Fair Value
U.S. Treasury bills(a)(b):
1.56% due 01/07/20		50,000,000	$	49,990,521
1.54% – 1.87% due 01/16/20		85,000,000		84,953,805
1.62% due 01/21/20		50,600,000		50,560,743
1.87% due 01/23/20		50,000,000		49,957,125
1.55% due 01/30/20		100,000,000		99,886,820
1.56% due 02/04/20		15,000,000		14,978,480
1.88% – 1.93% due 02/06/20		70,000,000		69,898,597
1.55% due 02/13/20		65,000,000		64,887,198
1.55% due 02/20/20		30,000,000		29,938,138
1.81% due 02/27/20		15,000,000		14,964,767
1.53% – 1.61% due 03/12/20		75,000,000		74,780,885
1.55% due 03/26/20		25,000,000		24,912,048
1.55% due 04/16/20		35,000,000		34,845,071
1.55% – 1.61% due 04/23/20		55,000,000		54,737,729
1.51% due 05/07/20		15,000,000		14,920,003
1.55% due 05/14/20		16,400,000		16,307,435
Total U.S. Treasury bills (Cost: $750,419,242)				750,519,365
Total Investments – 96.80%				750,519,365
Other Assets, Less Liabilities – 3.20%				24,823,740
Net Assets – 100.00%			$	775,343,105

(a) A portion of the above United States Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D.

(b) Rates shown are discount rates paid at the time of purchase.

As of December 31, 2019, the open S&P GSCI-ER futures contracts were as follows:

Number of Contracts	Expiration Date	Current Notional Amount		Net Unrealized Appreciation (Depreciation)
32,510	March 16, 2020	$	773,217,840	$	19,634,651

See notes to financial statements.