9 unchanged sentences
The Funds consider the “fair value” of derivative instruments to be the unrealized gain or loss on the contracts.
−Removed: The market risk associated with the commitment by the Funds to purchase a specific commodity or cryptocurrency will be limited to the aggregate face amount of the contacts held.
+Added: The market risk associated with the commitment by the Funds to purchase a specific commodity or cryptocurrency will be limited to the aggregate face amount of the contracts held.
The exposure of the Funds to market risk will depend primarily on the market price of the specific commodities or cryptocurrency held by the Fund.
1 unchanged sentence
TAGS is subject to the risks of the commodity specific futures contracts of the Underlying Funds as the fair value of its holdings is based on the NAV of each of the Underlying Funds, each of which is directly impacted by the factors discussed above.
−Removed: The tables below present a quantitative analysis of hypothetical impact of price decreases and increases in each of the commodity or cryptocurrency futures contracts held by each of the Funds, or the Underlying Funds in the case of TAGS, on the actual holdings and NAV per share as of June 30, 2024.
+Added: The tables below present a quantitative analysis of hypothetical impact of price decreases and increases in each of the commodity or cryptocurrency futures contracts held by each of the Funds, or the Underlying Funds in the case of TAGS, on the actual holdings and NAV per share as of September 30, 2024.
For purposes of this analysis, all futures contracts held by the Funds and the Underlying Funds are assumed to change by the same percentage.
1 unchanged sentence
There may be very slight and immaterial differences, due to rounding, in the tables presented below.
−Removed: June 30, 2024 as Reported
−Removed: Holdings as of June 30, 2024
+Added: September 30, 2024 as Reported
+Added: Holdings as of September 30, 2024
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: CBOT Corn Futures SEP24
−Removed: CBOT Corn Futures DEC24
+Added: CBOT Corn Futures MAR25
+Added: CBOT Corn Futures MAY25
CBOT Corn Futures DEC25
5 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: June 30, 2024 as Reported
−Removed: Holdings as of June 30, 2024
+Added: September 30, 2024 as Reported
+Added: Holdings as of September 30, 2024
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: CBOT Soybean Futures NOV24
CBOT Soybean Futures JAN25
+Added: CBOT Soybean Futures MAR25
CBOT Soybean Futures NOV25
5 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: June 30, 2024 as Reported
−Removed: Holdings as of June 30, 2024
+Added: September 30, 2024 as Reported
+Added: Holdings as of September 30, 2024
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: ICE #11 Sugar Futures MAR25
ICE #11 Sugar Futures MAY25
+Added: ICE #11 Sugar Futures JUL25
ICE #11 Sugar Futures MAR26
5 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: June 30, 2024 as Reported
−Removed: Holdings as of June 30, 2024
+Added: September 30, 2024 as Reported
+Added: Holdings as of September 30, 2024
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: CBOT Wheat Futures SEP24
−Removed: CBOT Wheat Futures DEC24
+Added: CBOT Wheat Futures MAR25
+Added: CBOT Wheat Futures MAY25
CBOT Wheat Futures DEC26
5 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: June 30, 2024 as Reported
−Removed: Holdings as of June 30, 2024
+Added: September 30, 2024 as Reported
+Added: Holdings as of September 30, 2024
Number of Shares Held
41 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.