Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds.
(a) There have been no unregistered sales of Shares. No Shares are authorized for issuance by the Trust under equity compensation plans.
(b) Not applicable.
(c) Although the Trust does not redeem Shares directly from its Shareholders, the Trust, from time to time, redeems Baskets
from Authorized Participants. During the three months ended September 30, 2025, the Trust's redemptions of Baskets from Authorized Participants, if any, are provided in the table below:
Period of Redemption
Total Number
of Shares
Redeemed
Average Price
Paid per
Share
July 1, 2025 to July 31, 2025
250,000
$
64.41
August 1, 2025 to August 31, 2025
100,000
$
64.48
September 1, 2025 to September 30, 2025
50,000
$
65.19
Total
400,000
$
64.53
Item 3. Defaults Upo n Senior Securities.
None.
Item 4. Mine Saf ety Disclosures.
Not applicable.
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.