Net Asset Value

Net Asset Value per Share, beginning of period

$

423.34

$

287.28

$

352.09

$

243.01

Net investment income/(loss) (1)

(0.41

)

(0.30

)

(1.24

)

(0.81

)

Net Realized and Change in Unrealized Gain/(Loss) (2)

(53.46

)

15.89

18.62

60.67

Net increase/(decrease) in net assets resulting from operations

(53.87

)

15.59

17.38

59.86

Net Asset Value per Share, end of period

$

369.47

$

302.87

$

369.47

$

302.87

Market Value per Share, beginning of period

$

430.29

$

288.14

$

355.47

$

243.06

Market Value per Share, end of period

$

368.38

$

304.83

$

368.38

$

304.83

Ratio to average net assets

Net investment loss(3)

(0.40

)%

(0.40

)%

(0.40

)%

(0.40

)%

Gross expenses(3)

0.40

%

0.40

%

0.40

%

0.40

%

Net expenses(3)

0.40

%

0.40

%

0.40

%

0.40

%

Total Return, at Net Asset Value(4)

(12.72

)%

5.43

%

4.94

%

24.63

%

Total Return, at Market Value(4)

(14.39

)%

5.79

%

3.63

%

25.41

%