Principal
Value
U.S.
Treasury
Bills
–
96.6%
U.S.
Treasury
Bill,
4.98%,
10/15/2024(a)
.......................................
$
400,000
$
399,267
U.S.
Treasury
Bill,
4.80%,
1/14/2025(a)
........................................
7,600,000
7,501,253
Total
U.S.
Treasury
Bills
(Cost
$7,897,658)
.........................................
7,900,520
Total
Investments
–
96.6%
(Cost
$7,897,658)
.............................................................
$
7,900,520
Other
Assets
in
Excess
of
Liabilities
–
3.4%
...........................................
278,679
Net
Assets
–
100.0%
............................................................
$
8,179,199
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
At
September
30,
2024,
open
futures
contracts
were
as
follows:
Number
of
Contracts
Notional
Value
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Long
position
contracts:
Natural
Gas
Future
...............................
13
$
379,990
10/29/24
$
25,750
Cattle
Feeder
Future
..............................
1
123,100
10/31/24
5,888
Soybean
Future
..................................
6
317,100
11/14/24
4,708
Cattle
Feeder
Future
..............................
10
1,224,500
11/21/24
25,463
Natural
Gas
Future
...............................
5
167,250
11/26/24
7,920
Cotton
No.
2
Future
...............................
10
368,050
12/6/24
3,190
Soybean
Meal
Future
.............................
27
922,320
12/13/24
42,880
Wheat
Future
(CBT)
..............................
22
642,400
12/13/24
9,333
Soybean
Oil
Future
...............................
27
701,622
12/13/24
8,868
Kansas
City
Hard
Red
Winter
Wheat
Future
...........
14
408,625
12/13/24
(925)
Cocoa
Future
....................................
8
617,760
12/13/24
(17,770)
Coffee
“C”
Future
................................
5
506,719
12/18/24
(1,800)
Gold
100
OZ
Future
..............................
6
1,595,640
12/27/24
28,730
Copper
Future
...................................
11
1,252,075
12/27/24
19,750
Natural
Gas
Future
...............................
2
72,040
12/27/24
2,300
Silver
Future
....................................
4
629,160
12/27/24
(10,915)
Live
Cattle
Future
................................
20
1,478,400
12/31/24
21,780
Soybean
Meal
Future
.............................
8
273,520
1/14/25
12,365
Soybean
Future
..................................
4
215,050
1/14/25
6,525
Soybean
Oil
Future
...............................
5
129,960
1/14/25
1,872
Platinum
Future
..................................
21
1,040,655
1/29/25
7,930
Cattle
Feeder
Future
..............................
4
477,550
1/30/25
1,862
Natural
Gas
Future
...............................
4
127,360
2/26/25
6,500
Sugar
#11
(World)
Future
..........................
24
603,994
2/28/25
52,344
Live
Cattle
Future
................................
13
966,420
2/28/25
13,350
Cotton
No.
2
Future
...............................
2
75,360
3/7/25
315
Wheat
Future
(CBT)
..............................
9
271,912
3/14/25
6,713
Soybean
Future
..................................
3
163,275
3/14/25
5,050
Soybean
Oil
Future
...............................
3
78,210
3/14/25
108
Kansas
City
Hard
Red
Winter
Wheat
Future
...........
5
149,562
3/14/25
(150)
Cocoa
Future
....................................
8
509,200
3/14/25
(4,960)
Coffee
“C”
Future
................................
4
401,925
3/19/25
2,269
Natural
Gas
Future
...............................
8
242,240
3/27/25
14,240
