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v3.25.2

Additional Valuation Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of the Tiered Valuation Input Levels | The following is a summary of the tiered valuation input levels as of June 30, 2025:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Investments in Securities |  |  |  |  |  |  |  |  |  |  |  |
United States Treasury Obligations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Exchange-Traded Fund |  |  | 215,248,830 |  |  |  | — |  |  |  | — |  |  |  | 215,248,830 |
Money Market Mutual Fund |  |  | 787,085,414 |  |  |  | — |  |  |  | — |  |  |  | 787,085,414 |
Total Investments in Securities |  |  | 1,002,334,244 |  |  |  | — |  |  |  | — |  |  |  | 1,002,334,244 |
Other Investments—Assets(a) |  |  |  |  |  |  |  |  |  |  |  |
Commodity Futures Contracts |  |  | 40,173,166 |  |  |  | — |  |  |  | — |  |  |  | 40,173,166 |
Other Investments—Liabilities(a) |  |  |  |  |  |  |  |  |  |  |  |
Commodity Futures Contracts |  |  | (19,485,079 | ) |  |  | — |  |  |  | — |  |  |  | (19,485,079 | )
Total Other Investments |  |  | 20,688,087 |  |  |  | — |  |  |  | — |  |  |  | 20,688,087 |
Total Investments |  | $ | 1,023,022,331 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,023,022,331 |
(a) Unrealized appreciation (depreciation). The following is a summary of the tiered valuation input levels as of December 31, 2024:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Investments in Securities |  |  |  |  |  |  |  |  |  |  |  |
United States Treasury Obligations |  | $ | — |  |  | $ | 393,253,144 |  |  | $ | — |  |  | $ | 393,253,144 |
Exchange-Traded Fund |  |  | 215,371,200 |  |  |  | — |  |  |  | — |  |  |  | 215,371,200 |
Money Market Mutual Fund |  |  | 661,273,167 |  |  |  | — |  |  |  | — |  |  |  | 661,273,167 |
Total Investments in Securities |  |  | 876,644,367 |  |  |  | 393,253,144 |  |  |  | — |  |  |  | 1,269,897,511 |
Other Investments—Assets(a) |  |  |  |  |  |  |  |  |  |  |  |
Commodity Futures Contracts |  |  | 27,889,813 |  |  |  | — |  |  |  | — |  |  |  | 27,889,813 |
Other Investments—Liabilities(a) |  |  |  |  |  |  |  |  |  |  |  |
Commodity Futures Contracts |  |  | (48,470,858 | ) |  |  | — |  |  |  | — |  |  |  | (48,470,858 | )
Total Other Investments |  |  | (20,581,045 | ) |  |  | — |  |  |  | — |  |  |  | (20,581,045 | )
Total Investments |  | $ | 856,063,322 |  |  | $ | 393,253,144 |  |  | $ | — |  |  | $ | 1,249,316,466 |
(a) Unrealized appreciation (depreciation).

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