Three Months Ended March 31,

2026

2025

Per Share Data:

Principal Market NAV, beginning of period

$

41.51

$

4.69

Net decrease in net assets from investment operations:

Net investment loss

(0.15

)

(0.02

)

Net realized and unrealized loss

(20.77

)

(1.51

)

Net decrease in net assets resulting from operations

(20.92

)

(1.53

)

Principal Market NAV, end of period

$

20.59

$

3.16

Total return

-50.40

%

-32.62

%

Ratios to average net assets:

Net investment loss

-2.50

%

-2.50

%

Expenses

-2.50

%

-2.50

%