XML 30 R15.htm IDEA: XBRL DOCUMENT

FINANCIAL HIGHLIGHTS

12 Months Ended

Dec. 31, 2021

NOTE 6 — FINANCIAL HIGHLIGHTS

The following table presents per share performance data and other supplemental financial data for the years ended December 31, 2021, 2020 and 2019 for the shareholders. This information has been derived from information presented in the financial statements.


	Year ended			Year ended			Year ended
	December 31, 2021			December 31, 2020			December 31, 2019
Per Share Operating Performance:
Net asset value, beginning of year	$	17.23		$	22.95		$	17.82
Total income (loss)		10.79			(5.59)			5.32
Total expenses		(0.21)			(0.13)			(0.19)
Net increase (decrease) in net asset value		10.58			(5.72)			5.13
Net asset value, end of year	$	27.81		$	17.23		$	22.95

Total Return		61.40	%		(24.92)	%		28.79	%

Ratios to Average Net Assets
Total income (loss)		53.01	%		61.24	%		26.56	%
Management fees		0.60	%		0.60	%		0.60	%
Total expenses excluding management fees		0.30	%		0.28	%		0.28	%
Net income (loss)		52.11	%		60.36	%		25.68	%

Total returns are calculated based on the change in value during the period. An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from USL.