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v3.19.3.a.u2

Net Asset Value and Financial Highlights (Tables) | 6 Months Ended
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Dec. 31, 2019
Net Asset Value And Financial Highlights [Abstract] |
Schedule of net asset value and ratios to average net assets |
|  | THREE MONTHS ENDED |  |  | THREE MONTHS ENDED |
|  | DECEMBER 31, 2019 |  |  | DECEMBER 31, 2018 |
|  | SIT RISING |  |  | BREAKWAVE DRY BULK SHIPPING |  |  | SIT RISING |  |  | BREAKWAVE DRY BULK SHIPPING |
|  | RATE ETF |  |  | ETF |  |  | RATE ETF |  |  | ETF |
Net Asset Value |  |  |  |  |  |  |  |  |  |  |  |
Net asset value per Share, beginning of period |  | $ | 22.61 |  |  | $ | 19.65 |  |  | $ | 25.13 |  |  | $ | 22.68 |
Net investment income (loss) |  |  | 0.05 |  |  |  | (0.17 | ) |  |  | 0.07 |  |  |  | (0.12 | )
Net realized and unrealized gain (loss) |  |  | 0.30 |  |  |  | (4.11 | ) |  |  | (1.14 | ) |  |  | (4.00 | )
Net Income (Loss) |  |  | 0.35 |  |  |  | (4.28 | ) |  |  | (1.07 | ) |  |  | (4.12 | )
Net Asset Value per Share, end of period |  | $ | 22.96 |  |  | $ | 15.37 |  |  | $ | 24.06 |  |  | $ | 18.56 |
Market Value per Share, end of period |  | $ | 22.97 |  |  | $ | 15.45 |  |  | $ | 24.09 |  |  | $ | 17.92 | (a)
Ratios to Average Net Assets* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense Ratio*** |  |  | 1.06 | % |  |  | 5.09 | % |  |  | 1.11 | % |  |  | 4.35 | %
Expense Ratio*** before Waiver/Assumption |  |  | 7.47 | % |  |  | 31.35 | % |  |  | 1.22 | % |  |  | 23.98 | %
Net Investment Income (Loss) |  |  | 0.93 | % |  |  | (3.69 | %) |  |  | 1.08 | % |  |  | (2.49 | %)
Total Return, at Net Asset Value** |  |  | 1.55 | % |  |  | (21.78 | %) |  |  | (4.26 | %) |  |  | (18.17 | %)
Total Return, at Market Value** |  |  | 1.50 | % |  |  | (21.61 | %) |  |  | (4.10 | %) |  |  | (21.88 | %)
| (a) | Represents the closing bid/ask mean as of December 31, 2018
| * | Percentages are annualized
| ** | Percentages are not annualized
| *** | For Sit Rising Rate ETF, effective January 1, 2018, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, as of inception (March 22, 2018), Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.
|  | SIX MONTHS ENDED |  |  | SIX MONTHS ENDED |
|  | DECEMBER 31, 2019 |  |  | DECEMBER 31, 2018 |
|  | SIT RISING |  |  | BREAKWAVE DRY BULK SHIPPING |  |  | SIT RISING |  |  | BREAKWAVE DRY BULK SHIPPING |
|  | RATE ETF |  |  | ETF |  |  | RATE ETF |  |  | ETF |
Net Asset Value |  |  |  |  |  |  |  |  |  |  |  |
Net asset value per Share, beginning of period |  | $ | 22.70 |  |  | $ | 13.25 |  |  | $ | 24.65 |  |  | $ | 21.98 |
Net investment income (loss) |  |  | 0.12 |  |  |  | (0.28 | ) |  |  | 0.12 |  |  |  | (0.30 | )
Net realized and unrealized gain (loss) |  |  | 0.14 |  |  |  | 2.40 |  |  |  | (0.71 | ) |  |  | (3.12 | )
Net Income (Loss) |  |  | 0.26 |  |  |  | 2.12 |  |  |  | (0.59 | ) |  |  | (3.42 | )
Net Asset Value per Share, end of period |  | $ | 22.96 |  |  | $ | 15.37 |  |  | $ | 24.06 |  |  |  | 18.56 |
Market Value per Share, end of period |  | $ | 22.97 |  |  | $ | 15.45 |  |  | $ | 24.09 |  |  |  | 17.92 | (a)
Ratios to Average Net Assets* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense Ratio*** |  |  | 1.08 | % |  |  | 4.89 | % |  |  | 1.19 | % |  |  | 4.43 | %
Expense Ratio*** before Waiver/Assumption |  |  | 6.59 | % |  |  | 25.77 | % |  |  | 1.36 | % |  |  | 21.70 | %
Net Investment Income (Loss) |  |  | 1.02 | % |  |  | (3.19 | %) |  |  | 1.02 | % |  |  | (2.79 | %)
Total Return, at Net Asset Value** |  |  | 1.15 | % |  |  | 16.00 | % |  |  | (2.39 | %) |  |  | (15.56 | %)
Total Return, at Market Value** |  |  | 1.06 | % |  |  | 17.49 | % |  |  | (2.31 | %) |  |  | (18.69 | %)
| (a) | Represents the closing bid/ask mean as of December 31, 2018
| * | Percentages are annualized
| ** | Percentages are not annualized
| *** | For Sit Rising Rate ETF, effective January 1, 2018, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, as of inception (March 22, 2018), Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.

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