Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
a)
None.
b)
Not applicable.
c)
The Trust does not purchase Shares directly from its Shareholders. In connection with its redemption of Creation Units held by Authorized Participants, the Trust redeemed 228 Creation Units (comprising 2,280,000 Shares) during the three-month period ended September 30, 2025. The following table summarizes the redemptions of Shares by Authorized Participants during the period:
Period
Total Shares
Redeemed
Average Price
Per Share
Maximum
number of shares that
may yet be
purchased
July 1, 2025 – July 31, 2025
290,000
$ 18.83
N/A
August 1, 2025 – August 31, 2025
310,000
$ 20.65
N/A
September 1, 2025 – September 30, 2025
1,680,000
$ 21.39
N/A
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety 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.