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Combined Schedules of Investments (Parenthetical) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Dec. 31, 2019
SIT RISING RATE ETF |  |  |  |
Investment owned, Percent of net assets |  | 100.00% | 100.00% |
BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Percent of net assets |  | 100.00% | 100.00% |
Purchased Options | SIT RISING RATE ETF |  |  |  |
Investment owned, Percent of net assets |  |  | (0.40%) |
Purchased Options | U.S. Treasury 10 Year Note | SIT RISING RATE ETF |  |  |  |
Investment owned, Subject to option, Price |  | $ 123.50 | $ 129.50 |
Investment owned, Subject to option, Exercise dates |  | 08/23/2019 | 02/21/2020 |
Investment owned, at cost |  | $ 58,883 | $ 17,862 |
Investment owned, Percent of net assets |  | 0.30% | 0.30% |
Purchased Options | U.S. Treasury 10 Year Note | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, at cost |  |  | $ 0 |
Investment owned, Percent of net assets |  | 2.082% | 0.00% |
Written Options Contracts | SIT RISING RATE ETF |  |  |  |
Investment owned, Percent of net assets |  |  | 0.00% |
Written Options Contracts | U.S. Treasury 5 Year Note | SIT RISING RATE ETF |  |  |  |
Investment owned, Subject to option, Price |  | $ 117.75 | $ 118.50 |
Investment owned, Subject to option, Exercise dates |  | 08/23/2019 | 02/21/2020 |
Investment owned premiums received |  | $ 16,128 | $ 7,366 |
Short Futures Contracts | U.S. Treasury 10 Year Note | SIT RISING RATE ETF |  |  |  |
Investment owned, at cost |  | 11,586,722 | 5,343,883 |
Investment owned, Principal amount |  | 11,700,000 | 5,350,000 | [1]
Short Futures Contracts | U.S. Treasury 5 Year Note | SIT RISING RATE ETF |  |  |  |
Investment owned, Principal amount |  | 12,051,938 | 11,852,500 |
Short Futures Contracts | U.S. Treasury 2 Year Note | SIT RISING RATE ETF |  |  |  |
Investment owned, Principal amount |  | 22,809,047 | 5,456,031 |
Money Market Funds | SIT RISING RATE ETF |  |  |  |
Investment owned, at cost |  | $ 282,538 | $ 166,948 |
Investment owned, Percent of net assets |  | 1.40% | 2.90% |
Money Market Funds | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, at cost |  | $ 1,095,625 | $ 551,232 |
Investment owned, Percent of net assets |  | 25.40% | 23.90% |
Money Market Funds | First American US Treasury Money Market Fund Class Z | SIT RISING RATE ETF |  |  |  |
Investment owned, at cost |  | $ 282,538 | $ 166,948 | [2]
Investment owned, Percent of net assets |  | 2.40% | 1.41% | [2]
Money Market Funds | First American US Treasury Obligations Fund Class X | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, at cost |  | $ 1,095,625 | $ 551,232 | [2]
Investment owned, Percent of net assets |  | 2.27% | 1.53% | [2]
Investments |  |  |  |
Investment futures contracts |  |  | $ 202,475 |
Investments | SIT RISING RATE ETF |  |  |  |
Investment owned, at cost |  | $ 11,928,143 | $ 5,528,693 |
Investment owned, Percent of net assets |  | 99.90% | 96.40% |
Investments | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, at cost |  | $ 1,095,625 | $ 551,232 |
Investment owned, Percent of net assets |  | 25.40% | 23.90% |
Assets in Excess of Other Liabilities | SIT RISING RATE ETF |  |  |  |
Investment owned Percent of other liabilities |  | 0.10% | 3.60% | [3]
Assets in Excess of Other Liabilities | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned Percent of other liabilities |  | 74.60% | 76.10% | [3]
Short-term Investments | SIT RISING RATE ETF |  |  |  |
Investment owned, Percent of net assets |  | 97.20% | 93.10% |
Short-term Investments | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Percent of net assets |  | 0.00% | 0.00% |
Short-term Investments | U.S. Treasury 10 Year Note | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Percent of net assets | [1] |  | 1.453% |
Futures Contracts |  |  |  |
Investment futures contracts |  |  | $ 1,866,980 |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring October 25, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 452,165 |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring November 29, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 400,085 |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring December 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 404,040 |
Futures Contracts | Baltic Exchange Supramax Average Shipping Route Expiring January 31, 2020 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 37,250 |
Futures Contracts | Baltic Exchange Supramax Average Shipping Route Expiring February 28, 2020 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 38,910 |
Futures Contracts | Baltic Exchange Supramax Average Shipping Route Expiring March 31, 2020 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 44,125 |
Futures Contracts | Baltic Capesize Time Charter Expiring October 25, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 245,520 |
Futures Contracts | Baltic Capesize Time Charter Expiring November 29, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | 257,640 |
Futures Contracts | Baltic Capesize Time Charter Expiring December 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  |  | $ 300,390 |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | $ 489,015 |  |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 497,835 |  |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 495,945 |  |
Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 147,435 |  |
Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 158,250 |  |
Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring September 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 161,505 |  |
Futures Contracts | Baltic Capesize Time Charter Expiring July 26, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 732,680 |  |
Futures Contracts | Baltic Capesize Time Charter Expiring August 30, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | 719,840 |  |
Futures Contracts | Baltic Capesize Time Charter Expiring September 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |
Investment owned, Principal amount |  | $ 723,160 |  |
[1] | All or a portion of this security is held as collateral for futures contracts and written options.
[2] | Annualized seven-day yield as of December 31, 2019
[3] | $-0- and $1,866,980, respectively, of cash is pledged as collateral for futures contracts

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