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v3.19.3.a.u2

Combined Statements of Assets and Liabilities - USD ($) | Dec. 31, 2019 | Jun. 30, 2019
--- | --- | ---
Assets |  |
Investment in securities, at fair value | $ 6,084,345 | $ 13,005,522
Interest receivable | 2,010 | 6,257
Segregated cash held by broker | 2,069,455 | 3,197,026
Receivable on open futures contracts | 15,878 | 391,415
Total assets | 8,171,688 | 16,600,220
Liabilities |  |
Options written, at fair value | 5,906 | 19,336
Payable on open futures contracts | 105,125 | 326,457
Due to Sponsor | 10,142 | 21,550
Other liabilities | 3,248 | 4,466
Total liabilities | 124,421 | 371,809
Net Assets | 8,047,267 | 16,228,411
SIT RISING RATE ETF |  |
Assets |  |
Investment in securities, at fair value | 5,533,113 | 11,909,897
Interest receivable | 182 | 436
Segregated cash held by broker | 202,475 | 365,460
Receivable on open futures contracts | 15,878 |
Total assets | 5,751,648 | 12,275,793
Liabilities |  |
Options written, at fair value | 5,906 | 19,336
Payable on open futures contracts |  | 326,457
Due to Sponsor | 5,256 | 9,851
Other liabilities |  |
Total liabilities | 11,162 | 355,644
Net Assets | $ 5,740,486 | $ 11,920,149
Shares outstanding (unlimited authorized) | 250,040 | 525,040
Net asset value per share | $ 22.96 | $ 22.70
Market value per share | $ 22.97 | $ 22.73
BREAKWAVE DRY BULK SHIPPING ETF |  |
Assets |  |
Investment in securities, at fair value | $ 551,232 | $ 1,095,625
Interest receivable | 1,828 | 5,821
Segregated cash held by broker | 1,866,980 | 2,831,566
Receivable on open futures contracts |  | 391,415
Total assets | 2,420,040 | 4,324,427
Liabilities |  |
Options written, at fair value |  |
Payable on open futures contracts | 105,125 |
Due to Sponsor | 4,886 | 11,699
Other liabilities | 3,248 | 4,466
Total liabilities | 113,259 | 16,165
Net Assets | $ 2,306,781 | $ 4,308,262
Shares outstanding (unlimited authorized) | 150,040 | 325,040
Net asset value per share | $ 15.37 | $ 13.25
Market value per share | $ 15.45 | $ 13.15

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