Year ended

December 31,

2022

2021

2020

Total commissions accrued to brokers

$

8,670

$

3,199

$

1,633

Total commissions as annualized percentage of average total net assets

0.02

%

0.03

%

0.03

%

Commissions accrued as a result of rebalancing

$

4,293

$

2,250

$

1,153

Percentage of commissions accrued as a result of rebalancing

49.52

%

70.33

%

70.61

%

Commissions accrued as a result of creation and redemption activity

$

4,377

$

949

$

480

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

50.48

%

29.67

%

29.39

%