Three Months Ended September 30,

2025

2024

Per Share Data:

Principal Market NAV, beginning of period

$

48.98

$

33.21

Net increase (decrease) net assets from investment operations:

Net investment loss

(0.32

)

(0.20

)

Net realized and unrealized gain (loss)

7.25

(1.08

)

Net increase (decrease) in net assets resulting from operations

6.93

(1.28

)

Principal Market NAV, end of period

$

55.91

$

31.93

Total return

14.15

%

-3.85

%

Ratios to average net assets:

Net investment loss

-2.27

%

-2.50

%

Expenses

-2.27

%

-2.50

%