3 unchanged sentences
The Trust does not purchase Shares directly from its Shareholders.
−Removed: In connection with its redemption of Creation Units held by Authorized Participants, the Trust redeemed 61 Creation Units (comprising 610,000 Shares) during the quarter ended March 31, 2025.
+Added: In connection with its redemption of Creation Units held by Authorized Participants, the Trust redeemed 0 Creation Units (comprising 0 Shares) during the quarter ended June 30, 2025.
The following table summarizes the redemptions of Shares by Authorized Participants during the period:
−Removed: January 1, 2025 – January 31, 2025
−Removed: February 1, 2025 – February 28, 2025
−Removed: March 1, 2025 – March 31, 2025
+Added: April 1, 2025 – April 30, 2025
+Added: May 1, 2025 – May 31, 2025
+Added: June 1, 2025 – June 30, 2025
Defaults Upon Senior Securities
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.