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Note 8 - Financial Highlights
3 Months Ended
Mar. 31, 2017
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
three
months ended
March
31,
2017
and
2016.
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2017
 
 
2016
 
Net asset value per Share, beginning of period
  $
15.40
    $
13.17
 
                 
Net investment loss
(a)
   
(0.02
)    
(0.02
)
Net realized and unrealized gain
(b)
   
1.72
     
1.49
 
Net increase in net assets from operations
   
1.70
     
1.47
 
Net asset value per Share, end of period
  $
17.10
    $
14.64
 
                 
Total return, at net asset value
(c)(d)
   
11.04
%
   
11.16
%
                 
Ratio to average net assets:
               
Net investment loss
(e)
   
(0.50
)
%
   
(0.50
)
%
Expenses
(e)
   
0.50
%
   
0.50
%


(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.