Principal
Value
U.S.
Treasury
Bills
–
96.5%
U.S.
Treasury
Bill,
5.37%,
10/3/2023(a)
............................................
$
4,899,000
$
4,898,287
U.S.
Treasury
Bill,
5.46%,
12/19/2023(a)
...........................................
22,041,000
21,788,015
U.S.
Treasury
Bill,
5.45%,
1/11/2024(a)
............................................
20,000,000
19,702,962
Total
U.S.
Treasury
Bills
(Cost
$46,380,951)
......................................................
46,389,264
Shares
Money
Market
Funds
–
0.7%
Fidelity
Investments
Money
Market
Treasury
Only
Portfolio
-
Class
I,
5.20%(b)
(Cost
$316,913)
.............................................................
316,913
316,913
Total
Investments
–
97.2%
(Cost
$46,697,864)
..........................................................................
$
46,706,177
Other
Assets
in
Excess
of
Liabilities
–
2.8%
.........................................................
1,369,561
Net
Assets
–
100.0%
..........................................................................
$
48,075,738
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(b)
Rate
shown
reflects
the
7-day
yield
as
of
September
30,
2023.
At
September
30,
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
........................
1,661
$
179,491,813
12/19/23
$
(3,175,031)
Summary
of
Investment
Type
Industry
%
of
Net
Assets
U.S.
Treasury
Bills
................................................................................
96.5%
Money
Market
Funds
.............................................................................
0.7%
Total
Investments
................................................................................
97.2%
Other
Assets
in
Excess
of
Liabilities
..................................................................
2.8%
Net
Assets
.....................................................................................
100.0%
