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Combined Statements of Changes in Net Assets (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018
SIT RISING RATE ETF |  |  |  |
Net Assets at Beginning of Period | $ 6,218,812 | $ 62,196,525 | $ 11,920,149 | $ 51,774,988
Increase (decrease) in Net Assets from share transactions |  |  |  |
Addition of shares |  | 12,510,953 |  | 24,297,005
Redemption of shares | (577,766) | (11,687,830) | (6,331,666) | (14,163,400)
Net Increase in Net Assets from share transactions | (577,766) | 823,123 | (6,331,666) | 10,133,605
Increase in Net Assets from operations |  |  |  |
Net investment income (loss) | 14,545 | 182,560 | 36,500 | 301,309
Net realized gain (loss) | (306,211) | 266,684 | (252,728) | (456,707)
Change in net unrealized gain (loss) | 391,106 | (3,327,205) | 368,231 | (1,611,508)
Net Increase (decrease) in Net Assets from operations | 99,440 | (2,877,961) | 152,003 | (1,766,906)
Net Assets at End of Period | 5,740,486 | 60,141,687 | 5,740,486 | 60,141,687
BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Net Assets at Beginning of Period | 1,965,548 | 3,403,193 | 4,308,262 | 3,297,789
Increase (decrease) in Net Assets from share transactions |  |  |  |
Addition of shares | 1,151,130 |  | 1,151,130 |
Redemption of shares | (431,515) |  | (4,121,777) |
Net Increase in Net Assets from share transactions | 719,615 |  | (2,970,647) |
Increase in Net Assets from operations |  |  |  |
Net investment income (loss) | (16,692) | (17,933) | (35,620) | (45,213)
Net realized gain (loss) | (243,845) | (737,508) | 338,181 | (434,239)
Change in net unrealized gain (loss) | (117,845) | 137,005 | 666,605 | (33,580)
Net Increase (decrease) in Net Assets from operations | (378,382) | (618,436) | 969,166 | (513,032)
Net Assets at End of Period | 2,306,781 | 2,784,757 | 2,306,781 | 2,784,757
Net Assets at Beginning of Period | 8,184,360 | 65,599,718 | 16,228,411 | 55,072,777
Addition of shares | 1,151,130 | 12,510,953 | 1,151,130 | 24,297,005
Redemption of shares | (1,009,281) | (11,687,830) | (10,453,443) | (14,163,400)
Net Increase in Net Assets from share transactions | 141,849 | 823,123 | (9,302,313) | 10,133,605
Net investment income (loss) | (2,147) | 164,627 | 880 | 256,096
Net realized gain (loss) | (550,056) | (470,824) | 85,453 | (890,946)
Change in net unrealized gain (loss) | 273,261 | (3,190,200) | 1,034,836 | (1,645,088)
Net Increase (decrease) in Net Assets from operations | (278,942) | (3,496,397) | 1,121,169 | (2,279,938)
Net Assets at End of Period | $ 8,047,267 | $ 62,926,444 | $ 8,047,267 | $ 62,926,444

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