10 unchanged sentences
The notional amount is calculated using the settlement price for the Index Futures on the CME on December 31, 2022, which was $312.94 per contract, and the $100 multiplier applicable under the contract terms.
−Removed: The Trust has non-trading market risk as a result of investing in short-term United States Treasury bills and such market risk is expected to be immaterial.
+Added: The Trust has non-trading market risk as a result of investing in short-term United States Treasury bills and such market risk is expected to be immaterial.
Qualitative Disclosure
4 unchanged sentences
As a result, fluctuations in the value of the Trust’s Index Futures are expected to directly affect the value of the Shares.
−Removed: The Trust will not engage in any activities designed to obtain a profit from, or ameliorate losses caused by, changes in the level of the Index or the S&P GSCI-ER, or the value of any Collateral Assets.
+Added: The Trust will not engage in any activities designed to obtain a profit from, or ameliorate losses caused by, changes in the level of the Index or the S&P GSCI-ER, or the value of any Collateral Assets.
The Trust’s exposure to market risk may be influenced by a number of factors, including the lack of liquidity of the Index Futures market and activities of other market participants.
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.