13 unchanged sentences
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 March 31, 2026.
+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 June 30, 2026.
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: March 31, 2026 as Reported
−Removed: Holdings as of March 31, 2026
+Added: June 30, 2026 as Reported
+Added: Holdings as of June 30, 2026
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: CBOT Corn Futures JUL26
CBOT Corn Futures SEP26
CBOT Corn Futures DEC26
+Added: CBOT Corn Futures DEC27
Total CBOT Corn Futures
4 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: March 31, 2026 as Reported
−Removed: Holdings as of March 31, 2026
+Added: June 30, 2026 as Reported
+Added: Holdings as of June 30, 2026
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: CBOT Soybean Futures JUL26
CBOT Soybean Futures NOV26
+Added: CBOT Soybean Futures JAN27
CBOT Soybean Futures NOV27
5 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: March 31, 2026 as Reported
−Removed: Holdings as of March 31, 2026
+Added: June 30, 2026 as Reported
+Added: Holdings as of June 30, 2026
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: ICE #11 Sugar Futures JUL26
−Removed: ICE #11 Sugar Futures OCT26
ICE #11 Sugar Futures MAR27
+Added: ICE #11 Sugar Futures MAY27
+Added: ICE #11 Sugar Futures MAR28
Total ICE #11 Sugar Futures
4 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: March 31, 2026 as Reported
−Removed: Holdings as of March 31, 2026
+Added: June 30, 2026 as Reported
+Added: Holdings as of June 30, 2026
Number of Contracts Held
7 unchanged sentences
Notional Amount
−Removed: CBOT Wheat Futures JUL26
CBOT Wheat Futures SEP26
CBOT Wheat Futures DEC26
+Added: CBOT Wheat Futures DEC27
Total CBOT Wheat Futures
4 unchanged sentences
Percent Change in the Net Asset Value per Share
−Removed: March 31, 2026 as Reported
−Removed: Holdings as of March 31, 2026
+Added: June 30, 2026 as Reported
+Added: Holdings as of June 30, 2026
Number of Shares Held
36 unchanged sentences
The Fund reports all activity related to EFRP transactions under the procedures and guidelines of the CFTC and the exchanges on which the futures are traded.
−Removed: The Funds, other than TAGS, will generally retain cash positions of approximately 95% of total net assets;
+Added: The Funds, other than TAGS and BTCK, will generally retain cash positions of approximately 95% of total net assets;
this balance represents the total net assets less the initial margin requirements held by the FCM.
2 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.