Principal
Value
U.S.
Treasury
Bills
–
88.7%
U.S.
Treasury
Bill,
5.46%,
12/19/2023(a)
...........................................
$
3,154,000
$
3,117,799
U.S.
Treasury
Bill,
5.43%,
12/21/2023(a)
...........................................
500,000
494,107
U.S.
Treasury
Bill,
5.44%,
1/11/2024(a)
............................................
1,400,000
1,379,207
U.S.
Treasury
Bill,
5.54%,
3/28/2024(a)
............................................
2,400,000
2,336,978
Total
U.S.
Treasury
Bills
(Cost
$7,326,935)
.......................................................
7,328,091
Total
Investments
–
88.7%
(Cost
$7,326,935)
...........................................................................
$
7,328,091
Other
Assets
in
Excess
of
Liabilities
–
11.3%
........................................................
933,726
Net
Assets
–
100.0%
..........................................................................
$
8,261,817
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
At
September
30,
2023,
open
futures
contracts
were
as
follows:
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Long
position
contracts:
WTI
Crude
Future
................................
2
$
181,580
10/20/23
$
5,310
NY
Harbor
ULSD
Future
...........................
2
277,250
10/31/23
2,924
Gasoline
RBOB
Future
............................
1
100,779
10/31/23
(10,051)
WTI
Crude
Future
................................
10
888,000
11/20/23
102,541
Corn
Future
.....................................
4
95,350
12/14/23
(137)
WTI
Crude
Future
................................
4
347,920
12/19/23
33,880
Soybean
Future
..................................
2
129,450
1/12/24
(2,476)
WTI
Crude
Future
................................
1
85,270
1/22/24
4,318
WTI
Crude
Future
................................
6
503,280
2/20/24
21,696
Soybean
Future
..................................
2
131,025
3/14/24
(2,131)
Soybean
Future
..................................
6
396,600
5/14/24
(4,618)
WTI
Crude
Future
................................
5
405,600
5/21/24
(5,772)
Total
unrealized
appreciation/(depreciation)
$
145,484
Short
position
contracts:
Natural
Gas
Future
...............................
(1)
(29,290)
10/27/23
93
Natural
Gas
Future
...............................
(4)
(132,480)
11/28/23
2,760
Gasoline
RBOB
Future
............................
(1)
(98,683)
11/30/23
9,931
Soybean
Oil
Future
...............................
(21)
(703,458)
12/14/23
30,616
Wheat
Future
(CBT)
..............................
(10)
(270,750)
12/14/23
27,858
Gold
100
OZ
Future
..............................
(15)
(2,799,150)
12/27/23
14,684
Silver
Future
....................................
(2)
(224,500)
12/27/23
2,695
Natural
Gas
Future
...............................
(3)
(106,950)
12/27/23
2,253
Copper
Future
...................................
(8)
(747,500)
12/27/23
(14,244)
Soybean
Oil
Future
...............................
(4)
(132,528)
1/12/24
3,414
Natural
Gas
Future
...............................
(3)
(104,910)
1/29/24
2,773
Natural
Gas
Future
...............................
(4)
(128,800)
2/27/24
2,650
Wheat
Future
(CBT)
..............................
(8)
(229,400)
3/14/24
20,176
Soybean
Oil
Future
...............................
(2)
(65,676)
3/14/24
2,166
Corn
Future
.....................................
(5)
(122,937)
3/14/24
(752)
Natural
Gas
Future
...............................
(4)
(119,800)
3/26/24
1,060
