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Note 8 - Financial Highlights
6 Months Ended
Jun. 30, 2015
Financial Highlights [Abstract]  
Financial Highlights [Text Block]

8 - Financial Highlights


The following financial highlights relate to investment performance and operations for a Share outstanding for the three and six months ended June 30, 2015 and 2014.


   

Three Months Ended
June 30,

   

Six Months Ended
June 30,

 
   

2015

   

2014

   

2015

   

2014

 

Net asset value per Share, beginning of period

  $ 11.48     $ 12.52     $ 11.61     $ 11.66  
                                 

Net investment loss(a)

    (0.01 )     (0.01 )     (0.01 )     (0.02 )

Net realized and unrealized gain (loss)(b)

    (0.15 )     0.23       (0.28 )     1.10  

Net increase (decrease) in net assets from operations

    (0.16 )     0.22       (0.29 )     1.08  

Net asset value per Share, end of period

  $ 11.32     $ 12.74     $ 11.32     $ 12.74  
                                 

Total return(c)(d)

    (1.39

)%

    1.76

%

    (2.50

)%

    9.26

%

                                 

Ratio to average net assets:

                               

Net investment loss(e)

    (0.25

)%

    (0.25

)%

    (0.25

)%

    (0.25

)%

Expenses(e)

    0.25

%

    0.25

%

    0.25

%

    0.25

%


(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 investment for the period due to the timing of Trust Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment.


(c)     Based on the change in net asset value of a Share during the period.


(d)     Percentage is not annualized.


(e)     Percentage is annualized.