The Trust seeks to track the results of a fully collateralized investment in futures contracts on the S&P GSCI Total Return Index, holding long positions in S&P GSCI Excess Return Index futures contracts and collateral assets. Net assets increased from $967,549,530 at December 31, 2024, to $1,081,674,701 at December 31, 2025. Outstanding Shares grew from 44,500,000 at December 31, 2024, to 46,850,000 at December 31, 2025, with 17,800,000 shares created and 15,450,000 redeemed during the year. The Net Asset Value (NAV) per Share increased by 6.21% from $21.74 at December 31, 2024, to $23.09 at December 31, 2025, primarily due to a 2.76% increase in the settlement price for Index Futures and interest income from U.S. Treasury bills. Net increase in net assets resulting from operations for the year ended December 31, 2025, was $56,966,505, comprising $34,251,853 in net investment income and $22,714,652 in net realized and unrealized gain. Sponsor's fees for 2025 totaled $7,596,948, and brokerage commissions and fees were $694,933. BlackRock's Enterprise Risk Management (ERM) framework is utilized for the Trust's cybersecurity risk management and strategy. A Section 13(r) disclosure notes that Malaysia Airport Holdings Berhad, an affiliate of BlackRock, had Iran Airtour launch flights to one of its operated airports in November 2025.