Note 6 – Financial Highlights

The following table presents per share performance data and other supplemental financial data for the three months ended March 31, 2015 and 2014. This information has been derived from information presented in the financial statements and is presented with total expenses gross of expenses waived by the Sponsor and with total expenses net of expenses waived by the Sponsor, as appropriate.

	Three months ended			Three months ended
Per Share Operation Performance	March 31, 2015			March 31, 2014
Net asset value at beginning of period	$	26.62		$	30.64
Income from investment operations:
Investment income		0.00			0.00
Net realized and unrealized (loss) gain on commodity futures contracts		(1.65	)		4.28
Total expenses		(0.22	)		(0.35	)
Net (decrease) increase in net asset value		(1.87	)		3.93
Net asset value at end of period	$	24.75		$	34.57
Total Return		(7.02	)%		12.83	%
Ratios to Average Net Assets (Annualized)
Total expenses		3.44	%		3.62	%
Total expense, net		3.44	%		4.44	%
Net investment loss		(3.41	)%		(4.39	)%

Total returns are calculated based on the change in value during the period. An individual shareholder's total return and ratios may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from the Fund. The ratios have been annualized.

The financial highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period under report. The asset-based per share data in the financial highlights are calculated using the prior day's net assets consistent with the methodology used to calculate asset-based fees and expenses.