Item 1A. Risk Factors
Item 1A. Risk Factors applicable to Funds
There have been no material changes to the risk factors previously disclosed in the Trust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed on March 2, 2026 other than those noted below:
Risks Arising from the Geopolitical Instability in the Middle East
A recent report by the World Bank's Commodity Markets Outlook raised concerns about the global commodity markets, indicating that an escalation of the ongoing conflict in the Middle East (including the February 28, 2026 U.S./Israel strikes on Iran and reported Strait of Hormuz closure) could lead to unforeseen challenges in the world's commodities, which could lead to additional volatility in commodity futures contracts.
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Table of Contents
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