Item 4. Controls and Procedures
Item 4. Controls and Procedures
Disclosure Controls and Procedures
Under the supervision and with the participation
of Management, including its Principal Executive Officer and Principal Financial Officer, the Trust and the Fund conducted an evaluation
of the effectiveness of the design and operation of its disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Exchange Act) as of March 31, 2026. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer
concluded that the Trust’s and the Fund’s disclosure controls and procedures were effective as of March 31, 2026 to provide
reasonable assurance that information required to be disclosed by the Trust in the reports that it files or submits under the Exchange
Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such
information is accumulated and communicated to Management to allow timely decisions regarding required disclosure.
There are inherent limitations to the effectiveness
of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the
controls and procedures.
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.
11
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
Neither the Trust, the Fund nor the Sponsor are
currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against the
Trust, the Fund or the Sponsor.
Item 1A. Risk Factors
Not applicable to smaller reporting companies.
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.