Note 8 - Financial Highlights

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Financial Highlights [Text Block]

8 - Financial Highlights

The following financial highlights relate to investment performance and operations for a Share outstanding for the years ended December 31, 2021, 2020 and 2019.

	December 31,
	2021(a)			2020(a)			2019(a)
Net asset value per Share, beginning of year	$	36.06		$	29.12		$	24.56
Net investment loss(b)		(0.09	)		(0.08	)		(0.06	)
Net realized and unrealized gain (loss)(c)		(1.35	)		7.02			4.62
Net increase (decrease) in net assets from operations		(1.44	)		6.94			4.56
Net asset value per Share, end of year	$	34.62		$	36.06		$	29.12
Total return, at net asset value(d)		(3.99	)%		23.83	%		18.57	%
Ratio to average net assets:
Net investment loss		(0.25	)%		(0.25	)%		(0.25	)%
Expenses		0.25	%		0.25	%		0.25	%

(a)	Per share amounts reflect a one-for-two reverse stock split effective at market open on May 24, 2021.
(b)	Based on average Shares outstanding during the year.
(c)	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.
(d)	Based on the change in net asset value of a Share during the year.