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 from commencement of operations (February 1, 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	$	13.81
Income (loss) from investment operations:
Investment income		0.01
Net realized and unrealized loss on commodity futures contracts		(2.08	)
Total expenses		(0.18	)
Net decrease in net asset value		(2.25	)
Net asset value at end of period	$	11.56
Total Return		(16.29	)%
Ratios to Average Net Assets

Total expense			1.48	%
Net investment loss			(1.41	)%

Per Share Operation Performance from commencement of operations (February 1, 2011) through December 31, 2011
Net asset value at beginning of period	$	25.00
Income (loss) from investment operations:
Investment income		0.01
Net realized and unrealized loss on commodity futures contracts		(9.01	)
Total expenses		(2.19	)
Net decrease in net asset value		(11.19	)
Net asset value at end of period	$	13.81
Total Return		(44.76	)%
Ratios to Average Net Assets (Annualized)
Total expense		11.59	%
Net investment loss		(11.52	)%

On July 29, 2011, the Sponsor filed a Form 8-K with the SEC which stated that effective August 1, 2011, the Sponsor has agreed to voluntarily cap the management fee and expenses of NAGS at 1.5% per annum of the daily net assets of the Fund. The cap may be terminated by the Sponsor at any time with 90 days' notice. This action by the Sponsor resulted in an approximate $19,200 reduction in expenses to the Fund for the period January 1, 2012 through December 31, 2012. The Sponsor waived, for some period the management fee for this Fund. This waiving of the management fee resulted in an approximate $12,800 reduction in expenses for the Fund for 2012. Additional expenses of the Fund may be paid by the Sponsor in future periods. For 2011, from the commencement of operations (February 1, 2011) through December 31, 2011 these two actions resulted in an approximate $24,000 of waived expenses in addition to $18,000 in management fees, which were waived by the Sponsor.

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 the Fund.

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.