Shares | Description | Value | ||
MONEY MARKET FUNDS – 0.1% | ||||
5,500,000 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 0.19% (a) | $5,500,000 | ||
(Cost $5,500,000) |
Total Investments – 0.1% |
5,500,000 | ||
(Cost $5,500,000) |
Net Other Assets and Liabilities – 99.9% |
4,245,329,978 | ||
Net Assets – 100.0% |
$4,250,829,978 |
Futures Contracts Long: | Number of Contracts | Notional Value | Expiration Date | Unrealized Appreciation (Depreciation)/ Value | ||||
Brent Crude Oil Futures | 470 | $49,213,700 | Apr–22 | $7,029,294 | ||||
Brent Crude Oil Futures | 307 | 31,538,110 | May–22 | 4,786,678 | ||||
Brent Crude Oil Futures | 443 | 42,310,930 | Oct–22 | (185,686) | ||||
Cattle Feeder Futures | 824 | 68,618,600 | May–22 | 320,372 | ||||
Cocoa Futures | 1,119 | 29,653,500 | May–22 | 259,859 | ||||
Cocoa Futures | 504 | 13,542,480 | Jul–22 | 833,150 | ||||
Cocoa Futures | 451 | 12,149,940 | Sep–22 | 804,970 | ||||
Coffee “C” Futures | 1,226 | 104,087,400 | May–22 | (3,382,306) | ||||
Copper Futures | 1,699 | 201,798,725 | May–22 | 7,612,662 | ||||
Copper Futures | 314 | 37,330,675 | Jul–22 | 137,328 | ||||
Corn Futures | 1,751 | 65,553,062 | May–22 | 4,184,821 | ||||
Corn Futures | 1,020 | 37,383,000 | Jul–22 | 1,030,914 | ||||
Corn Futures | 469 | 16,033,938 | Dec–22 | 1,060,469 | ||||
Cotton No. 2 Futures | 1,899 | 128,837,655 | May–22 | 13,895,574 | ||||
Cotton No. 2 Futures | 1,632 | 107,769,120 | Jul–22 | 14,984,647 | ||||
Gasoline RBOB Futures | 708 | 93,695,162 | Apr–22 | 9,144,404 | ||||
Gasoline RBOB Futures | 807 | 104,996,833 | May–22 | 7,139,081 | ||||
Gasoline RBOB Futures | 392 | 49,848,053 | Jun–22 | 776,750 | ||||
Gold 100 Oz. Futures | 2,042 | 399,006,800 | Jun–22 | 4,264,583 | ||||
Kansas City Hard Red Winter Wheat Futures | 249 | 12,820,388 | May–22 | (262,400) | ||||
Kansas City Hard Red Winter Wheat Futures | 109 | 5,612,138 | Jul–22 | (164,917) | ||||
Kansas City Hard Red Winter Wheat Futures | 109 | 5,587,612 | Sep–22 | (91,896) | ||||
Lean Hogs Futures | 1,292 | 62,339,000 | Jun–22 | 819,082 | ||||
Live Cattle Futures | 1,722 | 94,451,700 | Jun–22 | 406,993 | ||||
LME Aluminium Futures | 653 | 56,998,738 | Jun–22 | (833,423) | ||||
LME Lead Futures | 540 | 32,703,750 | Jun–22 | 2,083,888 | ||||
LME Nickel Futures | 460 | 88,596,000 | Jun–22 | 17,165,298 | ||||
LME Zinc Futures | 496 | 51,937,400 | Jun–22 | 4,503,825 | ||||
Low Sulphur Gasoil “G” Futures | 458 | 46,166,400 | May–22 | 4,976,029 | ||||
Low Sulphur Gasoil “G” Futures | 347 | 33,390,075 | Jun–22 | 3,050,275 | ||||
Low Sulphur Gasoil “G” Futures | 287 | 26,820,150 | Jul–22 | 2,844,701 | ||||
Low Sulphur Gasoil “G” Futures | 412 | 35,473,200 | Dec–22 | 1,256,897 | ||||
Natural Gas Futures | 1,593 | 89,877,060 | Apr–22 | 13,388,227 | ||||
Natural Gas Futures | 1,760 | 100,337,600 | May–22 | 16,836,140 | ||||
Natural Gas Futures | 605 | 36,566,200 | Dec–22 | 11,804,324 | ||||
NY Harbor ULSD Futures | 359 | 50,675,650 | Apr–22 | 1,514,190 | ||||
NY Harbor ULSD Futures | 413 | 55,522,811 | May–22 | 8,680,080 | ||||
NY Harbor ULSD Futures | 312 | 40,741,646 | Jun–22 | 6,537,345 | ||||
NY Harbor ULSD Futures | 21 | 2,637,268 | Aug–22 | (1,848) | ||||
Platinum Futures | 1,060 | 52,777,400 | Jul–22 | (2,170,160) | ||||
Silver Futures | 1,550 | 194,780,750 | May–22 | 7,640,280 | ||||
Soybean Futures | 1,654 | 133,829,275 | May–22 | (969,072) |
Futures Contracts Long: (Continued) | Number of Contracts | Notional Value | Expiration Date | Unrealized Appreciation (Depreciation)/ Value | ||||
Soybean Futures | 726 | $58,007,400 | Jul–22 | $(1,865,390) | ||||
Soybean Futures | 728 | 51,706,200 | Nov–22 | (2,377,996) | ||||
Soybean Meal Futures | 3,392 | 158,576,000 | May–22 | 3,777,096 | ||||
Soybean Meal Futures | 1,005 | 46,169,700 | Jul–22 | (852,037) | ||||
Soybean Meal Futures | 839 | 34,524,850 | Dec–22 | (1,489,292) | ||||
Soybean Oil Futures | 1,421 | 59,630,844 | May–22 | (397,340) | ||||
Soybean Oil Futures | 826 | 34,017,984 | Jul–22 | (1,660,836) | ||||
Soybean Oil Futures | 377 | 14,372,748 | Dec–22 | (134,806) | ||||
Sugar #11 (World) Futures | 4,635 | 101,176,488 | Apr–22 | 6,460,712 | ||||
Wheat Futures | 462 | 23,238,600 | May–22 | 3,679,294 | ||||
Wheat Futures | 259 | 12,975,900 | Jul–22 | (1,322,688) | ||||
Wheat Futures | 112 | 5,538,400 | Sep–22 | (348,100) | ||||
Wheat Futures | 109 | 5,301,488 | Dec–22 | (175,250) | ||||
WTI Crude Futures | 434 | 43,521,520 | Apr–22 | (895,353) | ||||
WTI Crude Futures | 267 | 26,304,840 | May–22 | 1,078,720 | ||||
WTI Crude Futures | 237 | 22,960,560 | Jun–22 | 5,517,806 | ||||
WTI Crude Futures | 259 | 23,206,400 | Nov–22 | (1,446,386) | ||||
Total | $3,625,239,816 | $181,259,576 |
(a) | Rate shown reflects yield as of March 31, 2022. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.) |
• | Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
ASSETS TABLE | ||||
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Money Market Funds | $ 5,500,000 | $ 5,500,000 | $ — | $ — |
Futures Contracts | 202,286,758 | 202,286,758 | — | — |
Total | $ 207,786,758 | $ 207,786,758 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Futures Contracts | $ (21,027,182) | $ (21,027,182) | $ — | $ — |