Item 4. Controls and Procedures
Item 4. Controls and Procedures
Disclosure Controls and Procedures
The Trust and the Fund maintain disclosure
controls and procedures that are designed to ensure that information required to be disclosed in the Trust’s periodic reports
filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed,
summarized and reported within the time period specified in the SEC’s rules and forms for the Trust and the Fund thereof.
Management of the Sponsor of the Fund (“Management”),
including Guillermo Trias, the Sponsor’s Principal Executive Officer and Ronnie Riven, the Sponsor’s Principal Financial
Officer, who perform functions equivalent to those of a principal executive officer and principal financial officer of the Trust
if the Trust had any officers, have evaluated the effectiveness of the design and operation of the Trust and the Fund’s disclosure
controls and procedures (as defined in Rule 13a-15(e) or 15d- 15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) as of the end of the period covered by this report, and, based upon that evaluation, concluded that the Trust’s
and the Fund’s disclosure controls and procedures were effective as of the end of such period, to ensure that information
the Trust is required to disclose in the reports that it files or submits with the SEC under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the SEC’s rules and forms, and to ensure that information required
to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated and communicated to
management of the Sponsor, as appropriate, to allow timely decisions regarding required disclosure. The scope of the evaluation
of the effectiveness of the design and operation of its disclosure controls and procedures covers the Trust, as well as separately
for the Fund.
The certifications of the Chief Executive Officer and Chief
Financial Officer are applicable to the Fund as well as the Trust as a whole.
Changes in Internal Control over Financial Reporting
There has been no change in the Trust’s
or the Fund’s internal controls over the financial reporting (as defined in the Rules 13a-15(f) and 15d-15(f) of the Exchange
Act) that occurred during the Trust’s last fiscal quarter that has materially affected, or is reasonably likely to materially
affect, the Trust’s or the Fund’s internal control over financial reporting.
PART II. OTHER INFORMATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.