Three months ended

March 31, 2021

March 31, 2020

Total commissions accrued to brokers

$

304,679

$

973,154

Total commissions as annualized percentage of average total net assets

0.04

%

0.26

%

Commissions accrued as a result of rebalancing

$

210,197

$

559,981

Percentage of commissions accrued as a result of rebalancing

68.99

%

57.54

%

Commissions accrued as a result of creation and redemption activity

$

94,482

$

413,173

Percentage of commissions accrued as a result of creation and redemption activity

31.01

%

42.46

%