The following table presents information about the sponsor fee and allocation of expenses for the years ended December 31, 2013, 2012 and from the commencement of operations (September 19, 2011) through December 31, 2011.

					From the commencement of
	Year ended		Year ended		operations (September 19, 2011)
Expenses	December 31, 2013		December 31, 2012		through December 31, 2011
Management Fee to the Sponsor	$	-	$	14,056	$	5,481
Expenses by the Fund	$	37,545	$	231,990	$	20,072
Expenses Paid by the Sponsor	$	61,100	$	45,800	$	26,000
Waived Management Fee	$	23,900	$	10,000	$	1,200

The following table presents information about the sponsor fee and allocation of expenses for the three months ended December 31, 2013, 2012 and 2011.

	Three months ended		Three months ended		Three months ended
Expenses	December 31, 2013		December 31, 2012		December 31, 2011
Management Fee to the Sponsor	$	-	$	-	$	5,481
Expenses by the Fund	$	9,853	$	9,950	$	19,464
Expenses Paid by the Sponsor	$	11,300	$	12,600	$	26,000
Waived Management Fee	$	6,500	$	5,800	$	1,200