Year ended

December 31,

2020

2019

2018

Total commissions accrued to brokers

$

102,980

$

7,261

$

6,045

Total commissions as annualized percentage of average total net assets

0.06

%

0.01

%

0.01

%

Commissions accrued as a result of rebalancing

$

35,522

$

6,695

$

4,961

Percentage of commissions accrued as a result of rebalancing

34.49

%

92.20

%

82.07

%

Commissions accrued as a result of creation and redemption activity

$

67,458

$

566

$

1,084

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

65.51

%

7.80

%

17.93

%