Principal
Value
U.S.
Treasury
Bills
–
87.1%
U.S.
Treasury
Bill,
4.60%,
6/8/2023(a)
.............................................
$
22,100,000
$
21,915,487
U.S.
Treasury
Bill,
4.96%,
8/10/2023(a)
............................................
11,100,000
10,914,549
Total
U.S.
Treasury
Bills
(Cost
$32,818,344)
......................................................
32,830,036
Shares
Money
Market
Funds
–
0.3%
Fidelity
Investments
Money
Market
Treasury
Only
Portfolio
-
Class
I,
4.41%(b)
(Cost
$98,097)
..............................................................
98,097
98,097
Total
Investments
–
87.4%
(Cost
$32,916,441)
..........................................................................
$
32,928,133
Other
Assets
in
Excess
of
Liabilities
–
12.6%
........................................................
4,748,238
Net
Assets
–
100.0%
..........................................................................
$
37,676,371
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(b)
Rate
shown
reflects
the
7-day
yield
as
of
March
31,
2023.
At
March
31,
2023,
open
futures
contracts
were
as
follows:
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Long
position
contracts:
U.S.
Treasury
10
Year
Note
........................
1,023
$
117,565,078
6/21/23
$
3,529,411
Summary
of
Investment
Type
Industry
%
of
Net
Assets
U.S.
Treasury
Bills
................................................................................
87.1%
Money
Market
Funds
.............................................................................
0.3%
Total
Investments
................................................................................
87.4%
Other
Assets
in
Excess
of
Liabilities
..................................................................
12.6%
Net
Assets
.....................................................................................
100.0%
