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 (February 1, 2011) through December 31, 2011.

					From the commencement of
	Year ended		Year ended		operations (February 1, 2011)
Expenses	December 31, 2013		December 31, 2012		through December 31, 2011
Management Fee to the Sponsor	$	34,958	$	18,038	$	2,782
Expenses by the Fund	$	51,387	$	45,687	$	237,234
Expenses Paid by the Sponsor	$	65,200	$	19,200	$	24,000
Waived Management Fee	$	-	$	13,000	$	18,000

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	$	6,960	$	12,205	$	-
Expenses by the Fund	$	10,274	$	17,864	$	13,766
Expenses Paid by the Sponsor	$	11,500	$	9,400	$	-
Waived Management Fee	$	-	$	-	$	4,300