Note 5 - Financial Highlights

The following table presents per unit performance data and other supplemental financial data for the year ended December 31, 2012 and for the period from the commencement of operations (September 19, 2011) through December 31, 2011. This information has been derived from information presented in the financial statements.

Per Share Operation Performance for the year ended December 31, 2012
Net asset value at beginning of period	$	21.86
Income from investment operations:
Investment income		0.02
Net realized and unrealized loss on commodity futures contracts		4.15
Total expenses		(1.90	)
Net increase in net asset value		2.27
Net asset value at end of period	$	24.13
Total Return		10.38	%
Ratios to Average Net Assets
Total expense		7.50	%
Net investment loss		(7.42	)%

Per Share Operation Performance for the period from the commencement of operations (September 19, 2011) through December 31, 2011
Net asset value at beginning of period	$	25.00
Income from investment operations:
Investment income		-
Net realized and unrealized loss on commodity futures contracts		(0.19	)
Total expenses		(2.95	)
Net decrease in net asset value		(3.14	)
Net asset value at end of period	$	21.86
Total Return		(12.56	)%
Ratios to Average Net Assets (Annualized)
Total expense		3.05	%
Net investment loss		(3.00	)%

The Sponsor has the ability to elect to pay certain expenses on behalf of the Fund or waive the management fee. This election is subject to change by the Sponsor, at its discretion. For the year ended December 31, 2012, this resulted in approximately $11,600 of expenses waived by the Sponsor for the Fund. For the period from the commencement of operations (September 19, 2011) to December 31, 2011, the Sponsor waived approximately $25,000 in expenses that generally would have been paid by the Fund and waived an additional $1,200 in management fees.

For the year ended December 31, 2012, there were approximately $560,000 of expenses recorded on the financial statements of the Sponsor which are subject to reimbursement by the Funds in 2013. The Sponsor has not yet determined if it will seek such reimbursement and, as such, due to the uncertainty of this reimbursement, the financial statements of the Fund do not reflect an adjustment for this amount.

Effective January 1, 2013, the Sponsor has reduced the expense accruals for the Fund to reflect the impact of operational efficiencies undertaken by the Sponsor and the impact of renegotiated contracts. The specific changes to the daily expense accruals, excluding any accruals for the management fee, from December 31, 2012 levels to January 1, 2013 levels for the Fund was from $1,375 per day reduced to $821 per day. The structure of the Fund and the nature of the expenses are such that as total net assets grow, there is a scalability of expenses that may allow the total expense ratio to be reduced. However, if total net assets for the Fund fall, the total expense ratio of the Fund will increase unless additional reductions are made by the Sponsor to the daily expense accrual. The Sponsor can elect to adjust the daily expense accruals at its discretion.

Total returns are calculated based on the change in value during the period. An individual shareholder's total return and ratios may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from the Fund. The ratios, excluding non-recurring expenses, have been annualized.

The Financial Highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period under report. The asset-based per share data in the Financial Highlights are calculated using the prior day's net assets consistent with the methodology used to calculate asset-based fees and expenses.