Schedules of Investments (Unaudited)

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Investment Holdings, Schedule of Investments [Text Block]

Schedules of Investments (Unaudited)

At June 30, 2020 and December 31, 2019

June 30, 2020

Security Description	Face Amount		Fair Value
U.S. Treasury bills(a)(b):
1.54% due 07/02/20	$	45,000,000	$	44,999,884
0.14% due 07/07/20		60,000,000		59,998,813
0.09% – 0.13% due 07/14/20		55,000,000		54,997,815
0.09% due 07/23/20		25,000,000		24,998,128
0.13% due 07/28/20		57,000,000		56,994,335
0.12% – 0.13% due 08/04/20		50,000,000		49,993,625
0.11% – 1.06% due 08/06/20		70,000,000		69,991,600
0.12% due 08/11/20		70,000,000		69,989,636
0.12% due 08/20/20		50,000,000		49,990,972
0.12% due 08/27/20		15,000,000		14,996,675
0.12% due 09/10/20		30,000,000		29,992,013
0.14% due 09/24/20		6,925,000		6,922,629
0.14% due 10/13/20		30,000,000		29,986,133
Total U.S. Treasury bills (Cost: $563,837,730)				563,852,258
Total Investments – 92.55%				563,852,258
Other Assets, Less Liabilities – 7.45%				45,391,949
Net Assets – 100.00%			$	609,244,207

(a)  A portion of the above U.S. 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 June 30, 2020, the open S&P GSCI-ER futures contracts were as follows:

Number of Contracts	Expiration Date	Current Notional Amount		Net Unrealized Appreciation (Depreciation)
40,295	September 16, 2020	$	608,341,674	$	15,591,346

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 U.S. 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.