Year ended

December 31, 2022

December 31, 2021

December 31, 2020

Total commissions accrued to brokers

$

807,322

$

1,123,971

$

6,104,865

Total commissions as annualized percentage of average total net assets

0.03

%

0.04

%

0.18

%

Commissions accrued as a result of rebalancing

$

519,680

$

858,171

$

5,072,915

Percentage of commissions accrued as a result of rebalancing

64.37

%

76.35

%

83.10

%

Commissions accrued as a result of creation and redemption activity

$

287,642

$

265,800

$

1,031,950

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

35.63

%

23.65

%

16.90

%