iShares S&P GSCI Commodity-Indexed Trust (GSG) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Document Information [Line Items]
Entity Central Index Key	0001332174
Entity Registrant Name	iShares S&P GSCI Commodity-Indexed Trust
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-32947
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-6573369
Entity Address, Address Line One	400 Howard Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	670-2000
Title of 12(b) Security	Shares
Trading Symbol	GSG
Security Exchange Name	NYSEArca
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,600,000

Statements of Assets and Liabil

Statements of Assets and Liabilities (Unaudited) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Assets
Cash		$ 15,053	$ 2,435,084
Short-term investments, at fair value	[1]	847,360,944	903,814,706
Short-term investments held at the broker (restricted), at fair value	[2]	33,900,674	68,298,743
Receivable for variation margin on open futures contracts (Note 9)		2,735,539	0
Total Assets		884,012,210	974,548,533
Liabilities
Sponsor’s fees payable		533,443	623,642
Payable for variation margin on open futures contracts (Note 9)		0	5,873,212
Payable for investment securities purchased		2,098,511	0
Total Liabilities		2,631,954	6,496,854
Commitments and contingent liabilities (Note 7)
Net Assets		$ 881,380,256	$ 968,051,679
Shares issued and outstanding (in shares)	[3]	42,000,000	48,200,000
Net asset value per Share (Note 2G) (in dollars per share)		$ 20.99	$ 20.08
[1]Cost of short-term investments: $847,117,150 and $903,420,311, respectively.[2]Cost of short-term investments held at the broker (restricted): $33,889,821 and $68,267,078, respectively.[3]No par value, unlimited amount authorized.

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Sep. 30, 2024	Dec. 31, 2023
Cost of short-term investments	$ 847,117,150	$ 903,420,311
Cost of short-term investments held at broker (restricted)	$ 33,889,821	$ 68,267,078
Shares, outstanding (in shares)	42,000,000	48,200,000
Shares, par value (in dollars per share)	$ 0	$ 0

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investment Income
Interest		$ 13,037,036	$ 14,165,520	$ 40,198,623	$ 38,377,733
Total investment income		13,037,036	14,165,520	40,198,623	38,377,733
Expenses
Sponsor’s fees		1,801,762	2,053,996	5,612,921	6,055,752
Brokerage commissions and fees		159,320	223,882	581,121	683,817
Total expenses		1,961,082	2,277,878	6,194,042	6,739,569
Net Investment income		11,075,954	11,887,642	34,004,581	31,638,164
Net Realized and Unrealized Gain (Loss)
Short-term investments		1,222	1,562	1,426	25,335
Futures contracts		(77,701,360)	133,698,141	(21,217,007)	70,797,608
Net realized gain (loss)		(77,700,138)	133,699,703	(21,215,581)	70,822,943
Net change in unrealized appreciation/depreciation on:
Short-term investments		(71,699)	167,444	(171,413)	(68,653)
Futures contracts		6,815,884	8,350,484	24,341,184	(44,173,468)
Net change in unrealized appreciation/depreciation		6,744,185	8,517,928	24,169,771	(44,242,121)
Net realized and unrealized gain (loss)		(70,955,953)	142,217,631	2,954,190	26,580,822
Net increase (decrease) in net assets resulting from operations		$ (59,879,999)	$ 154,105,273	$ 36,958,771	$ 58,218,986
Net increase (decrease) in net assets per Share (in dollars per share)	[1]	$ (1.34)	$ 3.04	$ 0.8	$ 1.11
[1]Net increase (decrease) in net assets per Share based on average shares outstanding during the period.

Statements of Changes in Net As

Statements of Changes in Net Assets (Unaudited) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Assets, Beginning of Period	$ 1,098,519,705	$ 1,034,489,890	$ 968,051,679	$ 992,402,795	$ 1,080,129,847	$ 1,221,109,857	$ 968,051,679	$ 1,221,109,857
Operations
Net investment income	11,075,954	11,931,547	10,997,080	11,887,642	9,640,397	10,110,125	34,004,581	31,638,164
Net realized gain (loss)	(77,700,138)	(720,728)	57,205,285	133,699,703	(62,287,604)	(589,156)	(21,215,581)	70,822,943
Net change in unrealized appreciation/depreciation	6,744,185	(6,711,805)	24,137,391	8,517,928	20,103,036	(72,863,085)	24,169,771	(44,242,121)
Net increase (decrease) in net assets resulting from operations	(59,879,999)	4,499,014	92,339,756	154,105,273	(32,544,171)	(63,342,116)	36,958,771	58,218,986
Capital Share Transactions
Contributions for Shares issued	7,345,390	103,705,927	65,101,349	56,352,120	13,609,124	19,639,766
Distributions for Shares redeemed	(164,604,840)	(44,175,126)	(91,002,894)	(53,105,171)	(68,792,005)	(97,277,660)
Net increase (decrease) in net assets from capital share transactions	(157,259,450)	59,530,801	(25,901,545)	3,246,949	(55,182,881)	(77,637,894)
Increase (decrease) in net assets	(217,139,449)	64,029,815	66,438,211	157,352,222	(87,727,052)	(140,980,010)
Net Assets, End of Period	$ 881,380,256	$ 1,098,519,705	$ 1,034,489,890	$ 1,149,755,017	$ 992,402,795	$ 1,080,129,847	$ 881,380,256	$ 1,149,755,017
Shares issued and redeemed
Shares issued (in shares)							8,100,000	4,250,000
Shares redeemed (in shares)							(14,300,000)	(10,800,000)
Net decrease in Shares issued and outstanding (in shares)							(6,200,000)	(6,550,000)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Net increase in net assets resulting from operations	$ (59,879,999)	$ 154,105,273	$ 36,958,771	$ 58,218,986
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of short-term investments			(3,775,956,226)	(6,770,315,665)
Sales/maturities of short-term investments			3,906,743,937	6,853,731,713
Accretion of discount			(40,105,867)	(38,272,641)
Net realized loss on short-term investments	(1,222)	(1,562)	(1,426)	(25,335)
Net change in unrealized appreciation/depreciation on short-term investments	71,699	(167,444)	171,413	68,653
Change in operating assets and liabilities:
Receivable for variation margin on open futures contracts			(2,735,539)	14,408,722
Payable for variation margin on open futures contracts			(5,873,212)	11,383,272
Payable for investment securities purchased			2,098,511	0
Sponsor’s fees payable			(90,199)	(122,737)
Net cash provided by (used in) operating activities			121,210,163	129,074,968
Cash Flows from Financing Activities
Contributions for Shares issued			176,152,666	89,601,010
Distributions for Shares redeemed			(299,782,860)	(219,174,836)
Net cash provided by (used in) financing activities			(123,630,194)	(129,573,826)
Net decrease in cash			(2,420,031)	(498,858)
Cash
Beginning of period, Unrestricted – cash			2,435,084	5,181,064
End of period, Unrestricted – cash	$ 15,053	$ 4,682,206	$ 15,053	$ 4,682,206

Schedules of Investments (Unaud

Schedules of Investments (Unaudited)	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Schedule of Investments [Text Block]	Schedules of Investments (Unaudited) At September 30, 2024 December 31, 2023 September 30, 2024 Security Description Face Amount Fair Value U.S. Treasury bills (a)(b) 4.56 5.33 10/01/24 $ 21,000,000 $ 21,000,000 5.38 10/03/24 56,000,000 55,985,394 5.04 5.09 10/08/24 41,000,000 40,962,670 5.35 10/10/24 17,000,000 16,980,259 4.61 5.33 10/15/24 41,000,000 40,924,854 4.70 5.34 10/17/24 82,000,000 81,828,620 4.73 5.24 10/22/24 28,000,000 27,923,056 5.21 10/24/24 35,000,000 34,894,400 5.20 10/29/24 37,000,000 36,863,593 5.28 10/31/24 20,000,000 19,922,075 5.23 11/07/24 18,000,000 17,913,092 4.93 5.18 11/12/24 101,000,000 100,450,955 5.19 5.22 11/14/24 83,000,000 82,527,269 5.14 5.16 11/21/24 34,000,000 33,777,093 5.08 11/26/24 45,000,000 44,672,487 5.07 12/05/24 37,000,000 36,697,914 4.56 4.96 12/10/24 40,000,000 39,650,632 4.98 12/12/24 45,000,000 44,597,700 4.59 4.67 12/17/24 84,000,000 83,194,195 4.72 4.74 12/19/24 20,700,000 20,495,360 Total U.S. Treasury bills (Cost: $ 881,006,971 881,261,618 Total Investments – 99.99 881,261,618 Other Assets, Less Liabilities – 0.01 118,638 Net Assets – 100.00 $ 881,380,256 (a) A portion of the above U.S. Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D. (b) Rates shown are discount rates paid at the time of purchase. As of September 30, 2024, Number of Contracts Expiration Date Current Notional Amount Net Unrealized Appreciation (Depreciation) 30,550 December 16, 2024 $ 878,883,785 $ 32,515,036 See notes to financial statements. December 31, 2023 Security Description Face Amount Fair Value U.S. Treasury bills (a)(b) 5.33 5.39 1/02/24 $ 99,000,000 $ 99,000,000 5.47 5.49 1/04/24 65,000,000 64,981,111 5.39 5.41 1/09/24 83,000,000 82,915,365 5.38 5.50 1/11/24 92,000,000 91,879,784 5.39 5.47 1/16/24 62,000,000 61,873,236 5.46 1/18/24 50,000,000 49,882,636 5.34 5.46 1/25/24 66,000,000 65,777,666 5.42 5.45 2/01/24 73,000,000 72,679,210 5.39 2/06/24 20,000,000 19,897,343 5.35 2/08/24 50,000,000 49,729,212 5.40 2/13/24 45,000,000 44,722,879 5.41 2/15/24 62,000,000 61,602,848 5.38 5.39 2/20/24 16,000,000 15,885,256 5.34 2/22/24 51,000,000 50,620,877 5.40 2/27/24 42,000,000 41,654,885 5.35 3/07/24 50,000,000 49,529,991 5.37 3/14/24 50,000,000 49,481,150 Total U.S. Treasury bills (Cost: $ 971,687,389 972,113,449 Total Investments – 100.42 972,113,449 Other Assets, Less Liabilities – (0.42) (4,061,770 ) Net Assets – 100.00 $ 968,051,679 (a) A portion of the above U.S. Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D. (b) Rates shown are discount rates paid at the time of purchase. As of December 31, 2023, Number of Contracts Expiration Date Current Notional Amount Net Unrealized Appreciation (Depreciation) 33,910 March 15, 2024 $ 964,753,064 $ 8,173,852 See notes to financial statements.

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1 The iShares S&P GSCI™ Commodity-Indexed Trust (the “Trust”) is a Delaware statutory trust that was organized under the laws of the State of Delaware on July 7, 2006 July 10, 2006. BlackRock Institutional Trust Company, N.A. is the trustee of the Trust (the “Trustee”). The Trust is governed by the Fourth Amended and Restated Trust Agreement, dated as of March 31, 2022 ( The Trust holds long positions in exchange-traded index futures contracts of various expirations (“Index Futures”) on the S&P GSCI™ Excess Return Index (“S&P GSCI‑ER”). In order to collateralize its Index Futures positions and to reflect the U.S. Treasury component of the S&P GSCI™ Total Return Index (the “Index”), the Trust also holds “Collateral Assets,” which consist of cash, U.S. Treasury securities or other short-term securities and similar securities that are eligible as margin deposits for those Index Futures positions. The Index Futures held by the Trust are listed on the Chicago Mercantile Exchange (the “CME”). The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodity futures. The Trust seeks to track the investment returns of the Index before payment of the Trust’s expenses and liabilities. The Trust is a commodity pool, as defined in the Commodity Exchange Act (the “CEA”) and the applicable regulations of the Commodity Futures Trading Commission (the “CFTC”), and is operated by the Sponsor, a commodity pool operator registered with the CFTC. The Sponsor is an indirect subsidiary of BlackRock, Inc. (“BlackRock”). BlackRock Fund Advisors (the “Advisor”), an indirect subsidiary of BlackRock, serves as the commodity trading advisor of the Trust and is registered with the CFTC. The accompanying unaudited financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10 not 10 December 31, 2023, February 20, 2024. The Trust qualifies as an investment company solely for accounting purposes and follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, not not 1940,

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2 Significant Accounting Policies A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. B. Investment in Index Futures The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodity futures, including energy commodities, precious and industrial metal commodities, agricultural commodities and livestock commodities. The Trust seeks to track the investment returns of the Index before payment of the Trust’s expenses and liabilities. The assets of the Trust consist of Index Futures and cash or other Collateral Assets used to satisfy applicable margin requirements for those Index Futures positions. Index Futures are exchange-traded index futures contracts on the S&P GSCI-ER, and are expected to include contracts of different terms and expirations. The Trust is expected to roll out of existing positions in Index Futures and establish new positions in Index Futures on an ongoing basis. When establishing positions in Index Futures, the Trust is required to deposit cash or other Collateral Assets with the broker as “initial margin.” On a daily basis, the Trust is obligated to pay, or entitled to receive, cash in an amount equal to the change in the daily settlement level of its Index Futures positions. Such payments or receipts are known as variation margin. Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Statements of Assets and Liabilities. When an Index Futures contract is closed, the Trust records a realized gain or loss based on the difference between the value of the Index Futures contract at the time it was opened and the value at the time it was closed. Index Futures are derivative instruments valued at fair value, which the Trustee has determined to be that day’s announced settlement price on the CME or any such other futures exchange listing Index Futures (the “Exchange”). If there is no not For futures contracts, counterparty credit risk is mitigated because futures contracts are exchange-traded and the exchange’s clearing house acts as central counterparty to all exchange-traded futures contracts (although customers continue to have credit exposure to the clearing member who holds their account). Please refer to Note 9 C. Cash The Trust considers cash as currencies deposited in one D. Short-Term Investments Short-term investments on the Statements of Assets and Liabilities consist principally of short-term fixed income securities with original maturities of one As of September 30, 2024 December 31, 2023, E. Securities Transactions and Income Recognition Securities transactions are accounted for on the trade date. Realized gains and losses on investment transactions are determined using the specific identification method. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis. F. Income Taxes The Trust is treated as a partnership for federal, state and local income tax purposes. No not The Sponsor has analyzed the tax positions as of September 30, 2024, not G. Calculation of Net Asset Value The net asset value of the Trust on any given day is obtained by subtracting the Trust’s accrued expenses and other liabilities on that day from the value of ( 1 2 3 4:00 4:00 H. Distributions Interest and distributions received by the Trust on its assets may no

Note 3 - Offering of the Shares

Note 3 - Offering of the Shares	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Equity [Text Block]	3 Offering of the Shares Shares are issued and redeemed continuously in one may not may 2:40 one It is possible that, from time to time, BlackRock and/or funds or other accounts managed by the Trustee or an affiliate (collectively, “Affiliates”) may

Note 4 - Trust Expenses

Note 4 - Trust Expenses	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Expenses [Text Block]	4 Trust Expenses The Trust is responsible for paying any applicable brokerage commissions and similar transaction fees out of its assets in connection with the roll of Index Futures held by the Trust. These expenses are recorded as brokerage commissions and fees in the Statements of Operations as incurred. The Sponsor pays the amounts that would otherwise be considered the ordinary operating expenses, if any, of the Trust. In return, the Sponsor receives a fee from the Trust that accrues daily and is paid monthly in arrears at an annualized rate equal to 0.75% of the net asset value of the Trust, as calculated before deducting fees and expenses based on the value of the Trust’s assets. The Sponsor has agreed under the Trust Agreement to pay the following administrative, operational and marketing expenses: ( 1 2 3 4 5 6 7 8 may not

Note 5 - Related Parties

Note 5 - Related Parties	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	5 Related Parties The Sponsor, the Trustee and the Advisor are considered to be related parties to the Trust. The Trustee’s and Advisor’s fees are paid by the Sponsor and are not

Note 6 - Indemnification

Note 6 - Indemnification	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Indemnification [Text Block]	6 Indemnification The Trust Agreement provides that the Trustee shall indemnify the Sponsor, its directors, employees, delegees and agents against, and hold each of them harmless from, any loss, liability, claim, cost, expense or judgment of any kind whatsoever (including reasonable fees and expenses of counsel) (i) caused by the negligence or bad faith of the Trustee or (ii) arising out of any information furnished in writing to the Sponsor by the Trustee expressly for use in the registration statement, or any amendment thereto or periodic report, filed with the SEC relating to the Shares that is not The Trust Agreement provides that the Sponsor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The investment advisory agreement (the “Advisory Agreement”) between the Trust and the Advisor provides that the Advisor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The Trust’s maximum exposure under these arrangements is unknown because it involves future potential claims against the Trust, which cannot be predicted with any certainty.

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	7 Commitments and Contingent Liabilities In the normal course of business, the Trust may may not

Note 8 - Financial Highlights

Note 8 - Financial Highlights	9 Months Ended
	Sep. 30, 2024
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 nine September 30, 2024 2023. Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net asset value per Share, beginning of period $ 22.19 $ 19.50 $ 20.08 $ 21.22 Net investment income (a) 0.25 0.23 0.73 0.60 Net realized and unrealized gain (loss) (b) (1.45 ) 2.81 0.18 0.72 Net increase (decrease) in net assets from operations (1.20 ) 3.04 0.91 1.32 Net asset value per Share, end of period $ 20.99 $ 22.54 $ 20.99 $ 22.54 Total return, at net asset value (c)(d) (5.41 )% 15.59 % 4.53 % 6.22 % Ratio to average net assets: Net investment income (e) 4.62 % 4.33 % 4.55 % 3.92 % Expenses (e) 0.82 % 0.83 % 0.83 % 0.83 % (a) Based on average Shares outstanding during the period. (b) The amounts reported for a Share outstanding may not (c) Based on the change in net asset value of a Share during the period. (d) Percentage is not (e) Percentage is annualized.

Note 9 - Investing in Index Fut

Note 9 - Investing in Index Futures	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9 Investing in Index Futures Substantially all of the Trust’s assets are invested in Index Futures. The Index Futures’ settlement value at expiration is based on the value of the S&P GSCI‑ER at that time. Therefore, the value of the Trust will fluctuate based upon the value of the S&P GSCI-ER and the prices of futures contracts and commodities underlying the S&P GSCI-ER. The commodities markets have historically been extremely volatile. For the nine September 30, 2024 December 31, 2023, The following table shows the variation margin on open futures contracts, by risk exposure category, on the Statements of Assets and Liabilities as of September 30, 2024 December 31, 2023: Asset Derivatives Fair Value Liability Derivatives Fair Value September 30, 2024 Commodity contracts Receivable for variation margin on open futures contracts $ 2,735,539 Payable for variation margin on open futures contracts $ — December 31, 2023 Commodity contracts Receivable for variation margin on open futures contracts $ — Payable for variation margin on open futures contracts $ 5,873,212 The following table shows the effect of the open futures contracts, by risk exposure category, on the Statements of Operations for the three nine September 30, 2024 2023: Statements of Operations Location Net Realized Gain (Loss) Net Change in Unrealized Appreciation/Depreciation Three Months Ended September 30, 2024 Commodity contracts Net realized gain (loss) from futures contracts $ (77,701,360 ) $ — Net change in unrealized appreciation/depreciation on futures contracts — 6,815,884 Three Months Ended September 30, 2023 Commodity contracts Net realized gain (loss) from futures contracts $ 133,698,141 $ — Net change in unrealized appreciation/depreciation on futures contracts — 8,350,484 Nine Months Ended September 30, 2024 Commodity contracts Net realized gain (loss) from futures contracts $ (21,217,007 ) $ — Net change in unrealized appreciation/depreciation on futures contracts — 24,341,184 Nine Months Ended September 30, 2023 Commodity contracts Net realized gain (loss) from futures contracts $ 70,797,608 $ — Net change in unrealized appreciation/depreciation on futures contracts — (44,173,468 )

Note 10 - Investment Valuation

Note 10 - Investment Valuation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	10 Investment Valuation FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures Investments in Index Futures are measured at fair value on the basis of that day’s settlement price for Index Futures as announced by the applicable Exchange. If there is no U.S. Treasury bills are valued at the last available bid price received from independent pricing services. In determining the value of a fixed income investment, pricing services may Various inputs are used in determining the fair value of financial instruments. Inputs may may three three Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices included within Level 1 not Level 3 Unobservable inputs that are unobservable for the asset or liability, including the Trust’s assumptions used in determining the fair value of investments. Fair value pricing could result in a difference between the prices used to calculate the Trust’s net asset value and the prices used by the Trust’s underlying index, which in turn could result in a difference between the Trust’s performance and the performance of the Trust’s underlying index. The following table summarizes the value of each of the Trust’s investments by the fair value hierarchy levels as of September 30, 2024 December 31, 2023: Level 1 Level 2 Level 3 Total September 30, 2024 Futures contracts (a) $ 32,515,036 $ — $ — $ 32,515,036 U.S. Treasury bills — 881,261,618 — 881,261,618 December 31, 2023 Futures contracts (a) $ 8,173,852 $ — $ — 8,173,852 U.S. Treasury bills — 972,113,449 — 972,113,449 (a) Shown at the unrealized appreciation (depreciation) on the contracts.

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]	B. Investment in Index Futures The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodity futures, including energy commodities, precious and industrial metal commodities, agricultural commodities and livestock commodities. The Trust seeks to track the investment returns of the Index before payment of the Trust’s expenses and liabilities. The assets of the Trust consist of Index Futures and cash or other Collateral Assets used to satisfy applicable margin requirements for those Index Futures positions. Index Futures are exchange-traded index futures contracts on the S&P GSCI-ER, and are expected to include contracts of different terms and expirations. The Trust is expected to roll out of existing positions in Index Futures and establish new positions in Index Futures on an ongoing basis. When establishing positions in Index Futures, the Trust is required to deposit cash or other Collateral Assets with the broker as “initial margin.” On a daily basis, the Trust is obligated to pay, or entitled to receive, cash in an amount equal to the change in the daily settlement level of its Index Futures positions. Such payments or receipts are known as variation margin. Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Statements of Assets and Liabilities. When an Index Futures contract is closed, the Trust records a realized gain or loss based on the difference between the value of the Index Futures contract at the time it was opened and the value at the time it was closed. Index Futures are derivative instruments valued at fair value, which the Trustee has determined to be that day’s announced settlement price on the CME or any such other futures exchange listing Index Futures (the “Exchange”). If there is no not For futures contracts, counterparty credit risk is mitigated because futures contracts are exchange-traded and the exchange’s clearing house acts as central counterparty to all exchange-traded futures contracts (although customers continue to have credit exposure to the clearing member who holds their account). Please refer to Note 9
Cash and Cash Equivalents, Policy [Policy Text Block]	C. Cash The Trust considers cash as currencies deposited in one
Investment, Policy [Policy Text Block]	D. Short-Term Investments Short-term investments on the Statements of Assets and Liabilities consist principally of short-term fixed income securities with original maturities of one As of September 30, 2024 December 31, 2023,
Securities Transactions Income and Expense Recognition [Policy Text Block]	E. Securities Transactions and Income Recognition Securities transactions are accounted for on the trade date. Realized gains and losses on investment transactions are determined using the specific identification method. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.
Income Tax, Policy [Policy Text Block]	F. Income Taxes The Trust is treated as a partnership for federal, state and local income tax purposes. No not The Sponsor has analyzed the tax positions as of September 30, 2024, not
Calculation of Net Asset Value [Policy Text Block]	G. Calculation of Net Asset Value The net asset value of the Trust on any given day is obtained by subtracting the Trust’s accrued expenses and other liabilities on that day from the value of ( 1 2 3 4:00 4:00
Distributions [Policy Text Block]	H. Distributions Interest and distributions received by the Trust on its assets may no

Schedules of Investments (Una_2

Schedules of Investments (Unaudited) (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Investment [Table Text Block]	Security Description Face Amount Fair Value U.S. Treasury bills (a)(b) 4.56 5.33 10/01/24 $ 21,000,000 $ 21,000,000 5.38 10/03/24 56,000,000 55,985,394 5.04 5.09 10/08/24 41,000,000 40,962,670 5.35 10/10/24 17,000,000 16,980,259 4.61 5.33 10/15/24 41,000,000 40,924,854 4.70 5.34 10/17/24 82,000,000 81,828,620 4.73 5.24 10/22/24 28,000,000 27,923,056 5.21 10/24/24 35,000,000 34,894,400 5.20 10/29/24 37,000,000 36,863,593 5.28 10/31/24 20,000,000 19,922,075 5.23 11/07/24 18,000,000 17,913,092 4.93 5.18 11/12/24 101,000,000 100,450,955 5.19 5.22 11/14/24 83,000,000 82,527,269 5.14 5.16 11/21/24 34,000,000 33,777,093 5.08 11/26/24 45,000,000 44,672,487 5.07 12/05/24 37,000,000 36,697,914 4.56 4.96 12/10/24 40,000,000 39,650,632 4.98 12/12/24 45,000,000 44,597,700 4.59 4.67 12/17/24 84,000,000 83,194,195 4.72 4.74 12/19/24 20,700,000 20,495,360 Total U.S. Treasury bills (Cost: $ 881,006,971 881,261,618 Total Investments – 99.99 881,261,618 Other Assets, Less Liabilities – 0.01 118,638 Net Assets – 100.00 $ 881,380,256 December 31, 2023 Security Description Face Amount Fair Value U.S. Treasury bills (a)(b) 5.33 5.39 1/02/24 $ 99,000,000 $ 99,000,000 5.47 5.49 1/04/24 65,000,000 64,981,111 5.39 5.41 1/09/24 83,000,000 82,915,365 5.38 5.50 1/11/24 92,000,000 91,879,784 5.39 5.47 1/16/24 62,000,000 61,873,236 5.46 1/18/24 50,000,000 49,882,636 5.34 5.46 1/25/24 66,000,000 65,777,666 5.42 5.45 2/01/24 73,000,000 72,679,210 5.39 2/06/24 20,000,000 19,897,343 5.35 2/08/24 50,000,000 49,729,212 5.40 2/13/24 45,000,000 44,722,879 5.41 2/15/24 62,000,000 61,602,848 5.38 5.39 2/20/24 16,000,000 15,885,256 5.34 2/22/24 51,000,000 50,620,877 5.40 2/27/24 42,000,000 41,654,885 5.35 3/07/24 50,000,000 49,529,991 5.37 3/14/24 50,000,000 49,481,150 Total U.S. Treasury bills (Cost: $ 971,687,389 972,113,449 Total Investments – 100.42 972,113,449 Other Assets, Less Liabilities – (0.42) (4,061,770 ) Net Assets – 100.00 $ 968,051,679
Schedule of Derivative Instruments [Table Text Block]	Number of Contracts Expiration Date Current Notional Amount Net Unrealized Appreciation (Depreciation) 30,550 December 16, 2024 $ 878,883,785 $ 32,515,036 Number of Contracts Expiration Date Current Notional Amount Net Unrealized Appreciation (Depreciation) 33,910 March 15, 2024 $ 964,753,064 $ 8,173,852

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Financial Highlights [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net asset value per Share, beginning of period $ 22.19 $ 19.50 $ 20.08 $ 21.22 Net investment income (a) 0.25 0.23 0.73 0.60 Net realized and unrealized gain (loss) (b) (1.45 ) 2.81 0.18 0.72 Net increase (decrease) in net assets from operations (1.20 ) 3.04 0.91 1.32 Net asset value per Share, end of period $ 20.99 $ 22.54 $ 20.99 $ 22.54 Total return, at net asset value (c)(d) (5.41 )% 15.59 % 4.53 % 6.22 % Ratio to average net assets: Net investment income (e) 4.62 % 4.33 % 4.55 % 3.92 % Expenses (e) 0.82 % 0.83 % 0.83 % 0.83 %

Note 9 - Investing in Index F_2

Note 9 - Investing in Index Futures (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Asset Derivatives Fair Value Liability Derivatives Fair Value September 30, 2024 Commodity contracts Receivable for variation margin on open futures contracts $ 2,735,539 Payable for variation margin on open futures contracts $ — December 31, 2023 Commodity contracts Receivable for variation margin on open futures contracts $ — Payable for variation margin on open futures contracts $ 5,873,212
Derivative Instruments, Gain (Loss) [Table Text Block]	Statements of Operations Location Net Realized Gain (Loss) Net Change in Unrealized Appreciation/Depreciation Three Months Ended September 30, 2024 Commodity contracts Net realized gain (loss) from futures contracts $ (77,701,360 ) $ — Net change in unrealized appreciation/depreciation on futures contracts — 6,815,884 Three Months Ended September 30, 2023 Commodity contracts Net realized gain (loss) from futures contracts $ 133,698,141 $ — Net change in unrealized appreciation/depreciation on futures contracts — 8,350,484 Nine Months Ended September 30, 2024 Commodity contracts Net realized gain (loss) from futures contracts $ (21,217,007 ) $ — Net change in unrealized appreciation/depreciation on futures contracts — 24,341,184 Nine Months Ended September 30, 2023 Commodity contracts Net realized gain (loss) from futures contracts $ 70,797,608 $ — Net change in unrealized appreciation/depreciation on futures contracts — (44,173,468 )

Note 10 - Investment Valuation

Note 10 - Investment Valuation (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]	Level 1 Level 2 Level 3 Total September 30, 2024 Futures contracts (a) $ 32,515,036 $ — $ — $ 32,515,036 U.S. Treasury bills — 881,261,618 — 881,261,618 December 31, 2023 Futures contracts (a) $ 8,173,852 $ — $ — 8,173,852 U.S. Treasury bills — 972,113,449 — 972,113,449

Schedules of Investments (Una_3

Schedules of Investments (Unaudited) - Investments (Details) - USD ($)		Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Total U.S. Treasury bills and notes	[1],[2]	$ 881,261,618			$ 972,113,449
Other Assets, Less Liabilities		118,638			(4,061,770)
Net Assets – 100.00%		881,380,256	$ 1,098,519,705	$ 1,034,489,890	968,051,679	$ 1,149,755,017	$ 992,402,795	$ 1,080,129,847	$ 1,221,109,857
United States Treasury Bills 4.56% – 5.33% due 10/01/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	21,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	21,000,000
United States Treasury Bills 5.33% – 5.39% due 1/02/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				99,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				99,000,000
United States Treasury Bills 5.38% due 10/03/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	56,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	55,985,394
United States Treasury Bills 5.47% – 5.49% due 1/04/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				65,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				64,981,111
United States Treasury Bills 5.04% – 5.09% due 10/08/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	41,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	40,962,670
United States Treasury Bills 5.39% – 5.41% due 1/09/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				83,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				82,915,365
United States Treasury Bills 5.35% due 10/10/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	17,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	16,980,259
United States Treasury Bills 5.38% – 5.50% due 1/11/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				92,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				91,879,784
United States Treasury Bills 4.61% – 5.33% due 10/15/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	41,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	40,924,854
United States Treasury Bills 5.39% – 5.47% due 1/16/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				62,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				61,873,236
United States Treasury Bills 4.70% – 5.34% due 10/17/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	82,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	81,828,620
United States Treasury Bills 5.46% due 1/18/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				50,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				49,882,636
United States Treasury Bills 4.73% – 5.24% due 10/22/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	28,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	27,923,056
United States Treasury Bills 5.34% – 5.46% due 1/25/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				66,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				65,777,666
United States Treasury Bills 5.21% due 10/24/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	35,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	34,894,400
United States Treasury Bills 5.42% – 5.45% due 2/01/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				73,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				72,679,210
United States Treasury Bills 5.20% due 10/29/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	37,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	36,863,593
United States Treasury Bills 5.39% due 2/06/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				20,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				19,897,343
United States Treasury Bills 5.35% due 2/08/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				50,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				49,729,212
United States Treasury Bills 5.28% due 10/31/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	20,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	19,922,075
United States Treasury Bills 5.40% due 2/13/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				45,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				44,722,879
United States Treasury Bills 5.23% due 11/07/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	18,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	17,913,092
United States Treasury Bills 5.41% due 2/15/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				62,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				61,602,848
United States Treasury Bills 4.93% – 5.18% due 11/12/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	101,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	100,450,955
United States Treasury Bills 5.38% – 5.39% due 2/20/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				16,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				15,885,256
United States Treasury Bills 5.19% – 5.22% due 11/14/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	83,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	82,527,269
United States Treasury Bills 5.34% due 2/22/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				51,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				50,620,877
United States Treasury Bills 5.14% – 5.16% due 11/21/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	34,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	33,777,093
United States Treasury Bills 5.40% due 2/27/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				42,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				41,654,885
United States Treasury Bills 5.08% due 11/26/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	45,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	44,672,487
United States Treasury Bills 5.35% due 3/07/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				50,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				49,529,991
United States Treasury Bills 5.07% due 12/05/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	37,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	36,697,914
United States Treasury Bills 5.37% due 3/14/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]				50,000,000
U.S. Treasury bills and notes, fair value	[1],[2]				49,481,150
United States Treasury Bills 4.56% – 4.96% due 12/10/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	40,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	39,650,632
US Treasury Bill Securities [Member]
Total U.S. Treasury bills and notes		881,261,618			$ 972,113,449
United States Treasury Bills 4.98% due 12/12/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	45,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	44,597,700
United States Treasury Bills 4.59% – 4.67% due 12/17/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	84,000,000
U.S. Treasury bills and notes, fair value	[1],[2]	83,194,195
United States Treasury Bills 4.72% – 4.74% due 12/19/24 [Member]
U.S. Treasury bills and notes, face amount	[1],[2]	20,700,000
U.S. Treasury bills and notes, fair value	[1],[2]	$ 20,495,360
[1]A portion of the above U.S. Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D.[2]Rates shown are discount rates paid at the time of purchase.

Schedules of Investments (Una_4

Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Cost of short-term investments		$ 847,117,150	$ 903,420,311
Liabilities percentage of net asset value		0.01%	(0.42%)
Total percentage of net asset value		100%	100%
United States Treasury Bills 4.56% – 5.33% due 10/01/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 01, 2024
United States Treasury Bills 4.56% – 5.33% due 10/01/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.56%
United States Treasury Bills 4.56% – 5.33% due 10/01/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.33%
United States Treasury Bills 5.33% – 5.39% due 1/02/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 02, 2024
United States Treasury Bills 5.33% – 5.39% due 1/02/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.33%
United States Treasury Bills 5.33% – 5.39% due 1/02/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.39%
United States Treasury Bills 5.38% due 10/03/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.38%
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 03, 2024
United States Treasury Bills 5.47% – 5.49% due 1/04/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 04, 2024
United States Treasury Bills 5.47% – 5.49% due 1/04/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.47%
United States Treasury Bills 5.47% – 5.49% due 1/04/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.49%
United States Treasury Bills 5.04% – 5.09% due 10/08/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 08, 2024
United States Treasury Bills 5.04% – 5.09% due 10/08/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.04%
United States Treasury Bills 5.04% – 5.09% due 10/08/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.09%
United States Treasury Bills 5.39% – 5.41% due 1/09/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 09, 2024
United States Treasury Bills 5.39% – 5.41% due 1/09/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.39%
United States Treasury Bills 5.39% – 5.41% due 1/09/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.41%
United States Treasury Bills 5.35% due 10/10/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.35%
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 10, 2024
United States Treasury Bills 5.38% – 5.50% due 1/11/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 11, 2024
United States Treasury Bills 5.38% – 5.50% due 1/11/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.38%
United States Treasury Bills 5.38% – 5.50% due 1/11/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.50%
United States Treasury Bills 4.61% – 5.33% due 10/15/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 15, 2024
United States Treasury Bills 4.61% – 5.33% due 10/15/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.61%
United States Treasury Bills 4.61% – 5.33% due 10/15/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.33%
United States Treasury Bills 5.39% – 5.47% due 1/16/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 16, 2024
United States Treasury Bills 5.39% – 5.47% due 1/16/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.39%
United States Treasury Bills 5.39% – 5.47% due 1/16/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.47%
United States Treasury Bills 4.70% – 5.34% due 10/17/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 17, 2024
United States Treasury Bills 4.70% – 5.34% due 10/17/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.70%
United States Treasury Bills 4.70% – 5.34% due 10/17/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.34%
United States Treasury Bills 5.46% due 1/18/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.46%
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 18, 2024
United States Treasury Bills 4.73% – 5.24% due 10/22/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 22, 2024
United States Treasury Bills 4.73% – 5.24% due 10/22/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.73%
United States Treasury Bills 4.73% – 5.24% due 10/22/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.24%
United States Treasury Bills 5.34% – 5.46% due 1/25/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Jan. 25, 2024
United States Treasury Bills 5.34% – 5.46% due 1/25/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.34%
United States Treasury Bills 5.34% – 5.46% due 1/25/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.46%
United States Treasury Bills 5.21% due 10/24/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.21%
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 24, 2024
United States Treasury Bills 5.42% – 5.45% due 2/01/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 01, 2024
United States Treasury Bills 5.42% – 5.45% due 2/01/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.42%
United States Treasury Bills 5.42% – 5.45% due 2/01/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.45%
United States Treasury Bills 5.20% due 10/29/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.20%
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 29, 2024
United States Treasury Bills 5.39% due 2/06/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.39%
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 06, 2024
United States Treasury Bills 5.35% due 2/08/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.35%
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 08, 2024
United States Treasury Bills 5.28% due 10/31/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.28%
U.S. Treasury bills and notes, due date	[1],[2]	Oct. 31, 2024
United States Treasury Bills 5.40% due 2/13/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.40%
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 13, 2024
United States Treasury Bills 5.23% due 11/07/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.23%
U.S. Treasury bills and notes, due date	[1],[2]	Nov. 07, 2024
United States Treasury Bills 5.41% due 2/15/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.41%
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 15, 2024
United States Treasury Bills 4.93% – 5.18% due 11/12/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Nov. 12, 2024
United States Treasury Bills 4.93% – 5.18% due 11/12/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.93%
United States Treasury Bills 4.93% – 5.18% due 11/12/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.18%
United States Treasury Bills 5.38% – 5.39% due 2/20/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 20, 2024
United States Treasury Bills 5.38% – 5.39% due 2/20/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.38%
United States Treasury Bills 5.38% – 5.39% due 2/20/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.39%
United States Treasury Bills 5.19% – 5.22% due 11/14/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Nov. 14, 2024
United States Treasury Bills 5.19% – 5.22% due 11/14/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.19%
United States Treasury Bills 5.19% – 5.22% due 11/14/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.22%
United States Treasury Bills 5.34% due 2/22/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.34%
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 22, 2024
United States Treasury Bills 5.14% – 5.16% due 11/21/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Nov. 21, 2024
United States Treasury Bills 5.14% – 5.16% due 11/21/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.14%
United States Treasury Bills 5.14% – 5.16% due 11/21/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.16%
United States Treasury Bills 5.40% due 2/27/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.40%
U.S. Treasury bills and notes, due date	[1],[2]		Feb. 27, 2024
United States Treasury Bills 5.08% due 11/26/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.08%
U.S. Treasury bills and notes, due date	[1],[2]	Nov. 26, 2024
United States Treasury Bills 5.35% due 3/07/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.35%
U.S. Treasury bills and notes, due date	[1],[2]		Mar. 07, 2024
United States Treasury Bills 5.07% due 12/05/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	5.07%
U.S. Treasury bills and notes, due date	[1],[2]	Dec. 05, 2024
United States Treasury Bills 5.37% due 3/14/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]		5.37%
U.S. Treasury bills and notes, due date	[1],[2]		Mar. 14, 2024
United States Treasury Bills 4.56% – 4.96% due 12/10/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Dec. 10, 2024
United States Treasury Bills 4.56% – 4.96% due 12/10/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.56%
United States Treasury Bills 4.56% – 4.96% due 12/10/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.96%
US Treasury Bill Securities [Member]
Cost of short-term investments	[1],[2]	$ 881,006,971	$ 971,687,389
Percentage of net asset value		99.99%	100.42%
United States Treasury Bills 4.98% due 12/12/24 [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.98%
U.S. Treasury bills and notes, due date	[1],[2]	Dec. 12, 2024
United States Treasury Bills 4.59% – 4.67% due 12/17/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Dec. 17, 2024
United States Treasury Bills 4.59% – 4.67% due 12/17/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.59%
United States Treasury Bills 4.59% – 4.67% due 12/17/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.67%
United States Treasury Bills 4.72% – 4.74% due 12/19/24 [Member]
U.S. Treasury bills and notes, due date	[1],[2]	Dec. 19, 2024
United States Treasury Bills 4.72% – 4.74% due 12/19/24 [Member] | Minimum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.72%
United States Treasury Bills 4.72% – 4.74% due 12/19/24 [Member] | Maximum [Member]
U.S. Treasury bills and notes, effective rate	[1],[2]	4.74%
[1]A portion of the above U.S. Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D.[2]Rates shown are discount rates paid at the time of purchase.

Schedules of Investments (Una_5

Schedules of Investments (Unaudited) - Open S&P GSCI ER Index Futures Contracts (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Number of contracts	30,550	33,910
Expiration date	Dec. 16, 2024	Mar. 15, 2024
Current notional amount	$ 878,883,785	$ 964,753,064
Net unrealized appreciation (depreciation)	$ 32,515,036	$ 8,173,852

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Deposits with Clearing Organizations and Others, Securities	[1]	$ 33,900,674	$ 68,298,743
[1]Cost of short-term investments held at the broker (restricted): $33,889,821 and $68,267,078, respectively.

Note 3 - Offering of the Shar_2

Note 3 - Offering of the Shares (Details Textual)	Sep. 30, 2024 shares
Shares Prescribed Aggregation (in shares)	50,000

Note 4 - Trust Expenses (Detail

Note 4 - Trust Expenses (Details Textual)	9 Months Ended
	Sep. 30, 2024 USD ($)
Sponsors Fee Annualized Accrual Rate Based on Net Asset Value of Trust	0.75%
Maximum [Member]
Legal Fees Per Year Maximum	$ 500,000

Note 8 - Financial Highlights -

Note 8 - Financial Highlights - Net Asset Value and Financial Highlights (Details) - $ / shares		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net asset value per Share, beginning of period (in dollars per share)		$ 22.19	$ 19.5	$ 20.08	$ 21.22
Net investment income (loss) (in dollars per share)	[1]	0.25	0.23	0.73	0.6
Net realized and unrealized gain (loss) (in dollars per share)	[2]	(1.45)	2.81	0.18	0.72
Net increase (decrease) in net assets from operations (in dollars per share)		(1.2)	3.04	0.91	1.32
Net asset value per Share, end of period (in dollars per share)		$ 20.99	$ 22.54	$ 20.99	$ 22.54
Total return, at net asset value	[3],[4]	(5.41%)	15.59%	4.53%	6.22%
Ratio to average net assets:
Net investment income (loss)	[5]	4.62%	4.33%	4.55%	3.92%
Expenses	[5]	0.82%	0.83%	0.83%	0.83%
[1]Based on average Shares outstanding during the period.[2]The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investments for each period due to the timing of Trust Share transactions in relation to the fluctuating fair values of the Trust's underlying investments.[3]Based on the change in net asset value of a Share during the period.[4]Percentage is not annualized.[5]Percentage is annualized.

Note 9 - Investing in Index F_3

Note 9 - Investing in Index Futures (Details Textual) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Average Month-End Notional Amount of Derivative Contracts	$ 991,200,244	$ 1,076,086,188

Note 9 - Investing in Index F_4

Note 9 - Investing in Index Futures - Effect of the Futures Contracts, by Risk Exposure Category, on the Statements of Financial Condition (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Receivable for variation margin on open futures contracts	$ 2,735,539	$ 0
Payable for variation margin on open futures contracts	0	5,873,212
Commodity Contract [Member] | Receivable for Variation Margin on Open Futures Contracts [Member]
Receivable for variation margin on open futures contracts	2,735,539	0
Commodity Contract [Member] | Payable for Variation Margin on Open Futures Contracts [Member]
Payable for variation margin on open futures contracts	$ 0	$ 5,873,212

Note 9 - Investing in Index F_5

Note 9 - Investing in Index Futures - Effect of the Futures Contracts, by Risk Exposure Category, on the Statements of Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net realized gain (loss) from futures contracts	$ (77,701,360)	$ 133,698,141	$ (21,217,007)	$ 70,797,608
Net change in unrealized appreciation/depreciation on futures contracts	6,815,884	8,350,484	24,341,184	(44,173,468)
Commodity Contract [Member] | Net Realized Gain Loss from Futures Contracts [Member]
Net realized gain (loss) from futures contracts	(77,701,360)	133,698,141	(21,217,007)	70,797,608
Commodity Contract [Member] | Net Change in Unrealized Appreciation Depreciation on Futures Contracts [Member]
Net change in unrealized appreciation/depreciation on futures contracts	$ 6,815,884	$ 8,350,484	$ 24,341,184	$ (44,173,468)

Note 10 - Investment Valuatio_2

Note 10 - Investment Valuation - Valuation of the Trust's Investments by the Fair Value Hierarchy (Details) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Futures [Member]
Investment, fair value	[1]	$ 32,515,036	$ 8,173,852
US Treasury Bill Securities [Member]
Investment, fair value		881,261,618	972,113,449
Fair Value, Inputs, Level 1 [Member] | Futures [Member]
Investment, fair value	[1]	32,515,036	8,173,852
Fair Value, Inputs, Level 1 [Member] | US Treasury Bill Securities [Member]
Investment, fair value		0	0
Fair Value, Inputs, Level 2 [Member] | Futures [Member]
Investment, fair value	[1]	0	0
Fair Value, Inputs, Level 2 [Member] | US Treasury Bill Securities [Member]
Investment, fair value		881,261,618	972,113,449
Fair Value, Inputs, Level 3 [Member] | Futures [Member]
Investment, fair value	[1]	0	0
Fair Value, Inputs, Level 3 [Member] | US Treasury Bill Securities [Member]
Investment, fair value		$ 0	$ 0
[1]Shown at the unrealized appreciation (depreciation) on the contracts.