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Combined Statements of Cash Flows - USD ($) | 6 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018
Cash flows provided by (used in) operating activities |  |
Net income (loss) | $ 1,121,169 | $ (2,279,938)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |
Net realized loss (gain) on investments | (85,453) | 890,946
Change in net unrealized loss (gain) on investments | (1,034,836) | 1,645,088
Change in operating assets and liabilities: |  |
Sale (purchase) of investments, net | 8,041,466 | (11,377,976)
Decrease in interest receivable | 4,247 | 1,982
Decrease in segregated cash held by broker | 1,127,571 | (677,601)
Increase (decrease) in receivable on open futures contracts | 375,537 | 180,930
Decrease in options written, at fair value | (13,430) | 33,580
Increase (decrease) in payable on open futures contracts | (221,332) | 1,406,708
Decrease in due to Sponsor | (11,408) | 12,585
Decrease in other liabilities | (1,218) | (3,189)
Net cash provided by (used in) operating activities | 9,302,313 | (10,166,885)
Cash flows from financing activities |  |
Proceeds from sale of shares | 1,151,130 | 24,297,005
Paid on redemption of shares | (10,453,443) | (14,163,400)
Net cash provided by (used in) financing activities | (9,302,313) | 10,133,605
Net increase (decrease) in cash |  | (33,280)
Cash, beginning of period |  | 33,280
Cash, end of period |  |
SIT RISING RATE ETF |  |
Cash flows provided by (used in) operating activities |  |
Net income (loss) | 152,003 | (1,766,906)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |
Net realized loss (gain) on investments | 252,728 | 456,707
Change in net unrealized loss (gain) on investments | (368,231) | 1,611,508
Change in operating assets and liabilities: |  |
Sale (purchase) of investments, net | 6,492,287 | (11,463,712)
Decrease in interest receivable | 254 | (1,140)
Decrease in segregated cash held by broker | 162,985 | (571,594)
Increase (decrease) in receivable on open futures contracts | (15,878) | 180,930
Decrease in options written, at fair value | (13,430) |
Increase (decrease) in payable on open futures contracts | (326,457) | 1,406,708
Decrease in due to Sponsor | (4,595) | 13,894
Decrease in other liabilities |  |
Net cash provided by (used in) operating activities | 6,331,666 | (10,133,605)
Cash flows from financing activities |  |
Proceeds from sale of shares |  | 24,297,005
Paid on redemption of shares | (6,331,666) | (14,163,400)
Net cash provided by (used in) financing activities | (6,331,666) | 10,133,605
Net increase (decrease) in cash |  |
Cash, beginning of period |  |
Cash, end of period |  |
BREAKWAVE DRY BULK SHIPPING ETF |  |
Cash flows provided by (used in) operating activities |  |
Net income (loss) | 969,166 | (513,032)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |
Net realized loss (gain) on investments | (338,181) | 434,239
Change in net unrealized loss (gain) on investments | (666,605) | 33,580
Change in operating assets and liabilities: |  |
Sale (purchase) of investments, net | 1,549,179 | 85,736
Decrease in interest receivable | 3,993 | 3,122
Decrease in segregated cash held by broker | 964,586 | (106,007)
Increase (decrease) in receivable on open futures contracts | 391,415 |
Decrease in options written, at fair value |  | 33,580
Increase (decrease) in payable on open futures contracts | 105,125 |
Decrease in due to Sponsor | (6,813) | (1,309)
Decrease in other liabilities | (1,218) | (3,189)
Net cash provided by (used in) operating activities | 2,970,647 | (33,280)
Cash flows from financing activities |  |
Proceeds from sale of shares | 1,151,130 |
Paid on redemption of shares | (4,121,777) |
Net cash provided by (used in) financing activities | (2,970,647) |
Net increase (decrease) in cash |  | (33,280)
Cash, beginning of period |  | 33,280
Cash, end of period |  |

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