Document And Entity Information
Document And Entity Information - shares | 1 Months Ended | |
Jun. 30, 2021 | Jul. 30, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001759124 | |
Entity Registrant Name | iShares Gold Trust Micro | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-40521 | |
Entity Incorporation, State or Country Code | NY | |
Entity Tax Identification Number | 83-6527686 | |
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 | IAUM | |
Security Exchange Name | NYSEArca | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 32,050,000 |
Statements of Assets and Liabil
Statements of Assets and Liabilities (Unaudited) - USD ($) | Jun. 30, 2021 | Jun. 15, 2021 | |
Assets | |||
Investment in gold bullion, at fair value | [1] | $ 8,815,750 | $ 9,325,500 |
Total Assets | 8,815,750 | 9,325,500 | |
Liabilities | |||
Sponsor's fees payable | 513 | 0 | |
Total Liabilities | 513 | 0 | |
Commitments and contingent liabilities (Note 6) | |||
Net Assets | $ 8,815,237 | $ 9,325,500 | |
Shares issued and outstanding (in shares) | [2] | 500,000 | 500,000 |
Net asset value per Share (Note 2C) (in dollars per share) | $ 17.63 | $ 18.65 | |
[1] | Cost of investment in gold bullion: $9,325,500 and $9,325,500, respectively. | ||
[2] | No par value, unlimited amount authorized. |
Statements of Assets and Liab_2
Statements of Assets and Liabilities (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands | Jun. 30, 2021 | Jun. 15, 2021 |
Investment in gold bullion, cost | $ 9,325,500 | $ 9,325,500 |
Shares, par value (in dollars per share) | $ 0 | $ 0 |
Shares, issued (in shares) | 500,000 | 500,000 |
Statement of Operations (Unaudi
Statement of Operations (Unaudited) | 1 Months Ended |
Jun. 30, 2021USD ($)$ / shares | |
Expenses | |
Sponsor’s fees | $ 552 |
Sponsor’s fees waived | (39) |
Total expenses | 513 |
Net investment loss | (513) |
Net Realized and Unrealized Gain (Loss) | |
Net change in unrealized appreciation/depreciation | (509,750) |
Net realized and unrealized loss | (509,750) |
Net decrease in net assets resulting from operations | $ (510,263) |
Net decrease in net assets per Share (in dollars per share) | $ / shares | $ (1.02) |
Statement of Changes in Net Ass
Statement of Changes in Net Assets (Unaudited) | 1 Months Ended |
Jun. 30, 2021USD ($)shares | |
Net Assets at June 15, 2021 | $ 9,325,500 |
Operations: | |
Net investment loss | (513) |
Net change in unrealized appreciation/depreciation | (509,750) |
Net decrease in net assets resulting from operations | (510,263) |
Capital Share Transactions: | |
Contributions for Shares issued | 0 |
Distributions for Shares redeemed | 0 |
Net increase in net assets from capital share transactions | 9,325,500 |
Increase in net assets | 8,815,237 |
Net Assets, End of Year | $ 8,815,237 |
Shares issued and redeemed | |
Shares issued (in shares) | shares | 0 |
Shares redeemed (in shares) | shares | 0 |
Net increase in Shares issued and outstanding (in shares) | shares | 0 |
Statement of Cash Flows (Unaudi
Statement of Cash Flows (Unaudited) | 1 Months Ended |
Jun. 30, 2021USD ($) | |
Cash Flows from Operating Activities | |
Proceeds from gold bullion sold to pay expenses | $ 0 |
Expenses – Sponsor's fees paid | 0 |
Net cash provided by operating activities | 0 |
Increase (decrease) in cash | 0 |
Cash, beginning of period | 0 |
Cash, end of period | 0 |
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities | |
Net decrease in net assets resulting from operations | (510,263) |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |
Proceeds from gold bullion sold to pay expenses | 0 |
Net realized (gain) loss | 0 |
Net change in unrealized appreciation/depreciation | 509,750 |
Change in operating assets and liabilities: | |
Sponsor’s fees payable | 513 |
Net cash provided by operating activities | 0 |
Supplemental disclosure of non-cash information: | |
Gold bullion contributed for Shares issued | 0 |
Gold bullion distributed for Shares redeemed | $ 0 |
Schedules of Investments (Unaud
Schedules of Investments (Unaudited) | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Investment Holdings, Schedule of Investments [Text Block] | © Schedules of Investments (Unaudited) At June 30, 2021 June 15, 2021 ( June 30, 2021 Description Ounces Cost Fair Value Gold bullion 5,000 $ 9,325,500 $ 8,815,750 Total Investments – 100.01% 8,815,750 Less Liabilities – (0.01)% (513 ) Net Assets – 100.00% $ 8,815,237 June 15, 2021 ( Description Ounces Cost Fair Value Gold bullion 5,000 $ 9,325,500 $ 9,325,500 Total Investments – 100.00% $ 9,325,500 Less Liabilities – (0.00)% — Net Assets – 100.00% $ 9,325,500 |
Note 1 - Organization
Note 1 - Organization | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1 Organization The iShares Gold Trust Micro (the “Trust”) was organized on June 15, 2021 June 15, 2021. BlackRock Financial Management, Inc. (the “Seed Capital Investor”) contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 not not The Trust seeks to reflect generally the performance of the price of gold. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. The Trust is designed to provide a vehicle for investors to make an investment similar to an investment in gold. 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 1 June 23, 2021. The Trust qualifies as an investment company solely for accounting purposes and not 946, Financial Services - Investment Companies, not not 1940, |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 1 Months Ended |
Jun. 30, 2021 | |
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. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following table summarizes activity in gold bullion during the period from June 15, 2021 ( June 30, 2021: Period Ended June 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $ — Gold bullion contributed — — — — Gold bullion distributed — — — — Gold bullion sold to pay expenses — — — — Net realized gain — — — — Net change in unrealized appreciation/depreciation — — (509,750 ) — Ending balance 5,000 $ 9,325,500 $ 8,815,750 $ — C. Calculation of Net Asset Value On each day other than: a Saturday or a Sunday, or a day on which NYSE Arca is closed for regular trading (“Business Day”) as soon as practicable after 4:00 D. Offering of the Shares Trust Shares are issued and redeemed continuously in aggregations of 50,000 Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may provided may not The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities. When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes. E. Federal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust as of June 30, 2021 not |
Note 3 - Trust Expenses
Note 3 - Trust Expenses | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Trust Expenses [Text Block] | 3 Trust Expenses The Trust pays to the Sponsor a Sponsor’s fee that accrues daily at an annualized rate equal to 0.15% of the net asset value of the Trust, paid monthly in arrears. Effective June 29, 2021, not June 30, 2024. no may June 30, 2024. no June 30, 2024, 30 8 June 30, 2021, |
Note 4 - Related Parties
Note 4 - Related Parties | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 4 Related Parties The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s fee is paid by the Sponsor and is not As of June 30, 2021 |
Note 5 - Indemnification
Note 5 - Indemnification | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Indemnification [Text Block] | 5 Indemnification The Trust Agreement provides that the Trustee shall indemnify the Sponsor, its directors, officers, employees and agents against, and hold each of them harmless from, any loss, liability, cost, expense or judgment (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 or other report filed with the SEC relating to the Shares that is not The Trust Agreement provides that the Sponsor and its members, managers, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The Trust has agreed that the Custodian will only be responsible for any loss or damage suffered by the Trust as a direct result of the Custodian’s negligence, fraud or willful default in the performance of its duties. |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingent Liabilities | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 6 Commitments and Contingent Liabilities In the normal course of business, the Trust may may not |
Note 7 - Concentration Risk
Note 7 - Concentration Risk | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 7 Concentration Risk Substantially all of the Trust’s assets are holdings of gold bullion, which creates a concentration risk associated with fluctuations in the price of gold. Accordingly, a decline in the price of gold will have an adverse effect on the value of the Shares of the Trust. Factors that may |
Note 8 - Financial Highlights
Note 8 - Financial Highlights | 1 Months Ended |
Jun. 30, 2021 | |
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 period from June 15, 2021 ( June 30, 2021. Period from June 15, 2021 (Date of Inception) Net asset value per Share, beginning of period $ 18.65 Net investment loss (a) (0.00 ) (b) Net realized and unrealized gain (loss) (c) (1.02 ) Net increase (decrease) in net assets from operations (1.02 ) Net asset value per Share, end of period 17.63 Total return, at net asset value (d)(f) (5.47 )% Ratio to average net assets: Net investment loss (e) (0.14 )% Total expenses (e) 0.15 % Total expenses after fees waived (e) 0.14 % (a) Based on average Shares outstanding during the period. (b) Amount is greater than $(0.005). (c) The amounts reported for a Share outstanding may not (d) Based on the change in net asset value of a Share during the period. (e) Percentage is annualized. (f) Percentage is not |
Note 9 - Investment Valuation
Note 9 - Investment Valuation | 1 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9 Investment Valuation U.S. GAAP defines fair value as the price the Trust would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust’s policy is to value its investment at fair value. Various inputs are used in determining the fair value of assets and liabilities. Inputs may may three three Level 1 Level 2 1 not Level 3 At June 30, 2021, 1. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 1 Months Ended |
Jun. 30, 2021 | |
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. |
Investment, Policy [Policy Text Block] | B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following table summarizes activity in gold bullion during the period from June 15, 2021 ( June 30, 2021: Period Ended June 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $ — Gold bullion contributed — — — — Gold bullion distributed — — — — Gold bullion sold to pay expenses — — — — Net realized gain — — — — Net change in unrealized appreciation/depreciation — — (509,750 ) — Ending balance 5,000 $ 9,325,500 $ 8,815,750 $ — |
Calculation of Net Asset Value [Policy Text Block] | C. Calculation of Net Asset Value On each day other than: a Saturday or a Sunday, or a day on which NYSE Arca is closed for regular trading (“Business Day”) as soon as practicable after 4:00 |
Offering of the Shares [Policy Text Block] | D. Offering of the Shares Trust Shares are issued and redeemed continuously in aggregations of 50,000 Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may provided may not The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities. When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes. |
Income Tax, Policy [Policy Text Block] | E. Federal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust as of June 30, 2021 not |
Schedules of Investments (Una_2
Schedules of Investments (Unaudited) (Tables) | 1 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Investment [Table Text Block] | Description Ounces Cost Fair Value Gold bullion 5,000 $ 9,325,500 $ 8,815,750 Total Investments – 100.01% 8,815,750 Less Liabilities – (0.01)% (513 ) Net Assets – 100.00% $ 8,815,237 Description Ounces Cost Fair Value Gold bullion 5,000 $ 9,325,500 $ 9,325,500 Total Investments – 100.00% $ 9,325,500 Less Liabilities – (0.00)% — Net Assets – 100.00% $ 9,325,500 |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Tables) | 1 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Activity in Gold Bullion [Table Text Block] | Period Ended June 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $ — Gold bullion contributed — — — — Gold bullion distributed — — — — Gold bullion sold to pay expenses — — — — Net realized gain — — — — Net change in unrealized appreciation/depreciation — — (509,750 ) — Ending balance 5,000 $ 9,325,500 $ 8,815,750 $ — |
Note 8 - Financial Highlights (
Note 8 - Financial Highlights (Tables) | 1 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Financial Highlights [Table Text Block] | Period from June 15, 2021 (Date of Inception) Net asset value per Share, beginning of period $ 18.65 Net investment loss (a) (0.00 ) (b) Net realized and unrealized gain (loss) (c) (1.02 ) Net increase (decrease) in net assets from operations (1.02 ) Net asset value per Share, end of period 17.63 Total return, at net asset value (d)(f) (5.47 )% Ratio to average net assets: Net investment loss (e) (0.14 )% Total expenses (e) 0.15 % Total expenses after fees waived (e) 0.14 % |
Schedules of Investments (Una_3
Schedules of Investments (Unaudited) - Investments (Details) | Jun. 30, 2021USD ($)oz | Jun. 15, 2021USD ($)oz | Jun. 14, 2021USD ($)oz |
Gold bullion (Ounce) | oz | 5,000 | 5,000 | 5,000 |
Investment in gold bullion, cost | $ 9,325,500 | $ 9,325,500 | $ 9,325,500 |
Gold bullion fair value | 8,815,750 | 9,325,500 | |
Less Liabilities | (513) | 0 | |
Net Assets | $ 8,815,237 | $ 9,325,500 | $ 9,325,500 |
Schedules of Investments (Una_4
Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals) | Jun. 30, 2021 | Jun. 15, 2021 |
Total investment, percentage of net asset value | 100.01% | 100.00% |
Less liabilities, percentage of net asset value | (0.01%) | (0.00%) |
Net assets, percentage of net asset value | 100.00% | 100.00% |
Note 1 - Organization (Details
Note 1 - Organization (Details Textual) | Jun. 15, 2021ozshares | Jun. 30, 2021shares |
Stock Issued During Period, Shares, New Issues (in shares) | 0 | |
BlackRock Financial Management, Inc. [Member] | ||
Amount of Gold Contributed by Investor in Exchange for Shares (Ounce) | oz | 5,000 | |
Stock Issued During Period, Shares, New Issues (in shares) | 500,000 | |
Gold Contributed by Investor in Exchange for Shares, Price of Gold | 1,865.10 |
Note 2 - Significant Accounti_3
Note 2 - Significant Accounting Policies (Details Textual) | Jun. 30, 2021shares |
Shares Prescribed Aggregation (in shares) | 50,000 |
Note 2 - Significant Accounti_4
Note 2 - Significant Accounting Policies - Activity in Gold Bullion (Details) | 1 Months Ended | |
Jun. 30, 2021USD ($)oz | ||
Beginning balance (Ounce) | oz | 5,000 | |
Beginning balance, average cost | $ 9,325,500 | |
Beginning balance, fair value | $ 9,325,500 | |
Gold bullion contributed (Ounce) | oz | 0 | |
Gold bullion contributed, average cost | $ 0 | |
Gold bullion contributed, fair value | $ 0 | |
Gold bullion distributed (Ounce) | oz | 0 | |
Gold bullion distributed, average cost | $ 0 | |
Gold bullion distributed, fair value | 0 | |
Gold bullion distributed, realized gain (loss) | $ 0 | |
Gold bullion sold to pay expenses (Ounce) | oz | 0 | |
Gold bullion sold to pay expenses, average cost | $ 0 | |
Gold bullion sold to pay expenses, fair value | 0 | |
Gold bullion sold to pay expenses, realized gain (loss) | 0 | |
Net realized gain (loss), fair value | 0 | |
Net change in unrealized appreciation/depreciation, fair value | $ (509,750) | |
Ending balance (Ounce) | oz | 5,000 | |
Ending balance, average cost | $ 9,325,500 | |
Ending balance, fair value | 8,815,750 | [1] |
Ending balance, realized gain (loss) | $ 0 | |
[1] | Cost of investment in gold bullion: $9,325,500 and $9,325,500, respectively. |
Note 3 - Trust Expenses (Detail
Note 3 - Trust Expenses (Details Textual) - USD ($) | 1 Months Ended | 36 Months Ended |
Jun. 30, 2021 | Jun. 30, 2024 | |
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value | 0.15% | |
Sponsor Fees Waived | $ 39 | |
Maximum [Member] | ||
Legal Fees Per Year | $ 100,000 | |
Maximum [Member] | Forecast [Member] | ||
Sponsors Fee After Fee Waiver, Percentage | 0.07% |
Note 4 - Related Parties (Detai
Note 4 - Related Parties (Details Textual) | Jun. 30, 2021shares |
BlackRock Financial Management, Inc. [Member] | |
Shares, Issued, Ending Balance (in shares) | 500,000 |
Note 8 - Financial Highlights_2
Note 8 - Financial Highlights (Details Textual) | 1 Months Ended | |
Jun. 30, 2021$ / shares | ||
Net Investment Income (Loss) Per Share (in dollars per share) | $ 0 | [1],[2] |
Minimum [Member] | ||
Net Investment Income (Loss) Per Share (in dollars per share) | $ (0.005) | |
[1] | Amount is greater than $(0.005). | |
[2] | Based on average Shares outstanding during the period. |
Note 8 - Financial Highlights -
Note 8 - Financial Highlights - Financial Highlights (Details) | 1 Months Ended | |
Jun. 30, 2021$ / shares | ||
Net asset value per Share, beginning of period (in dollars per share) | $ 18.65 | |
Net investment loss (in dollars per share) | 0 | [1],[2] |
Net realized and unrealized gain (loss) (in dollars per share) | (1.02) | [3] |
Net increase (decrease) in net assets from operations (in dollars per share) | (1.02) | |
Net asset value per Share, end of period (in dollars per share) | $ 17.63 | |
Total return, at net asset value | (5.47%) | [4],[5] |
Ratio to average net assets: | ||
Net investment loss | (0.14%) | [6] |
Total expenses | 0.15% | [6] |
Total expenses after fees waived | 0.14% | [6] |
[1] | Amount is greater than $(0.005). | |
[2] | Based on average Shares outstanding during the period. | |
[3] | 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. | |
[4] | Based on the change in net asset value of a Share during the period. | |
[5] | Percentage is not annualized. | |
[6] | Percentage is annualized. |