Year ended

December 31,

2021

2020

2019

Total commissions accrued to brokers

$

277,795

$

548,601

$

101,742

Total commissions as annualized percentage of average total net assets

0.09

%

0.19

%

0.12

%

Commissions accrued as a result of rebalancing

$

262,518

$

527,095

$

99,885

Percentage of commissions accrued as a result of rebalancing

94.50

%

96.08

%

98.17

%

Commissions accrued as a result of creation and redemption activity

$

15,277

$

21,506

$

1,857

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

5.50

%

3.92

%

1.83

%