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FINANCIAL HIGHLIGHTS (Tables)
 12 Months Ended
Dec. 31, 2019
FINANCIAL HIGHLIGHTS  
Schedule of Per Share Performance Data and Other Supplemental Financial Data

The following table presents per share performance data and other supplemental financial data for the years ended December 31, 2019, 2018 and 2017 for the shareholders. This information has been derived from information presented in the financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December

 

Year ended December

 

Year ended December

 

 

    

31, 2019

    

31, 2018

    

31, 2017

 

Per Share Operating Performance:

 

 

 

 

 

 

 

 

 

 

Net asset value, beginning of year

 

$

10.26

 

$

9.26

 

$

11.75

 

Total income (loss)

 

 

(1.74)

 

 

1.09

 

 

(2.40)

 

Net expenses

 

 

(0.09)

 

 

(0.09)

 

 

(0.09)

 

Net increase (decrease) in net asset value

 

 

(1.83)

 

 

1.00

 

 

(2.49)

 

Net asset value, end of year

 

$

8.43

 

$

10.26

 

$

9.26

 

 

 

 

 

 

 

 

 

 

 

 

Total Return

 

 

(17.84)

%  

 

10.80

%  

 

(21.19)

%

 

 

 

 

 

 

 

 

 

 

 

Ratios to Average Net Assets

 

 

  

 

 

  

 

 

  

 

Total income (loss)

 

 

(17.87)

%  

 

9.73

%  

 

(29.05)

%

Management fees

 

 

0.75

%  

 

0.75

%  

 

0.75

%

Total expenses excluding management fees

 

 

1.86

%  

 

1.08

%  

 

0.74

%

Expenses waived

 

 

(1.71)

%  

 

(0.93)

%  

 

(0.59)

%

Net expenses excluding management fees

 

 

0.15

%  

 

0.15

%  

 

0.15

%

Net income (loss)

 

 

(18.77)

%  

 

8.83

%  

 

(29.95)

%