XML 30 R16.htm IDEA: XBRL DOCUMENT

FINANCIAL HIGHLIGHTS

6 Months Ended

Jun. 30, 2023

NOTE 6 — FINANCIAL HIGHLIGHTS

The following table presents per share performance data and other supplemental financial data for the three and six months ended June 30, 2023 and 2022 for the shareholders. This information has been derived from information presented in the condensed financial statements.


	Three months ended			Three months ended			Six months ended			Six months ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Per Share Operating Performance:
Net asset value, beginning of period	$	26.63		$	29.84		$	28.26		$	20.87
Total income (loss)		(1.08)			2.92			(2.65)			11.96
Total expenses		(0.06)			(0.08)			(0.12)			(0.15)
Net increase (decrease) in net asset value		(1.14)			2.84			(2.77)			11.81
Net asset value, end of period	$	25.49		$	32.68		$	25.49		$	32.68

Total Return		(4.28)	%		9.52	%		(9.80)	%		56.59	%

Ratios to Average Net Assets
Total income (loss)		(2.66)	%		9.32	%		(8.64)	%		41.11	%
Management fees^#		0.75	%		0.75	%		0.75	%		0.75	%
Total expenses excluding management fees^#		0.15	%		0.30	%		0.14	%		0.31	%
Net income (loss)		(2.89)	%		9.06	%		(9.08)	%		40.59	%

#	Annualized.

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 BNO.