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COTWO ADVISORS PHYSICAL EUROPEAN CARBON ALLOWANCE TRUST

For the period ended Aug 31, 2026. Filed Oct 9, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Aug 31, 2026 · Filed Oct 9, 2026

CTWO$19.23+0.1%Stored close · as of Nov 9, 2026

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned in the capacities* indicated thereunto duly authorized.

COtwo Advisors LLC

Sponsor of the COtwo Advisors Physical European Carbon Allowance Trust

(Registrant)

/s/ Ronald Gutstein

Ronald Gutstein

Principal Executive Officer*

/s/ Shari Crawford

Shari Crawford

Principal Financial Officer*

Principal Accounting Officer*

Date: October 9, 2026

*The Registrant is a trust and the persons are signing in their capacities as officers of COtwo Advisors LLC, the Sponsor of the Registrant.
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