Three months ended

March 31, 2021

March 31, 2020

Total commissions accrued to brokers

$

95,085

$

46,679

Total commissions as annualized percentage of average total net assets

0.11

%

0.23

%

Commissions accrued as a result of rebalancing

$

89,261

$

37,828

Percentage of commissions accrued as a result of rebalancing

93.87

%

81.04

%

Commissions accrued as a result of creation and redemption activity

$

5,824

$

8,851

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

6.13

%

18.96

%