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v3.20.1

Combined Statements of Cash Flows - USD ($) | 9 Months Ended
--- | ---
Mar. 31, 2020 | Mar. 31, 2019
Cash flows provided by (used in) operating activities |  |
Net income (loss) | $ (4,189,881) | $ (4,313,305)
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Net realized loss (gain) on investments | 2,809,503 | 4,305,648
Change in net unrealized loss (gain) on investments | 1,281,131 | 377,679
Change in operating assets and liabilities: |  |
Sale (purchase) of investments, net | 1,484,761 | 17,854,599
Increase in Deposits with brokers for futures |  | (2,323,128)
Increase in Variation Margin on futures |  | (115,742)
Decrease in interest receivable | 4,077 | (797)
Decrease in segregated cash held by broker | (12,230,348) | 3,328,612
Decrease in receivable on open futures contracts |  | 81,680
Increase in other assets |  | (21,906)
Decrease in options written, at fair value | (469) | (16,953)
Increase in payable for Fund shares redeemed |  | 4,706,340
Decrease in Variation Margin on futures |  | 198,550
Increase (decrease) in receivable on open futures contracts | (2,856,535) |
Increase (decrease) in payable on open futures contracts | 2,049,897 | (698,426)
Decrease in due to Sponsor | 24,177 | (13,954)
Increase (Decrease) in other liabilities and accrued expenses | 9,680 | 23,100
Net cash provided by (used in) operating activities | (11,614,007) | 23,371,997
Cash flows from financing activities |  |
Proceeds from sale of shares | 22,763,000 | 26,092,808
Paid on redemption of shares | (11,148,993) | (44,791,745)
Net cash provided by (used in) financing activities | 11,614,007 | (18,698,937)
Net increase (decrease) in cash |  | 4,673,060
Cash, beginning of period |  | 33,280
Cash, end of period |  | 4,706,340
SIT RISING RATE ETF |  |
Cash flows provided by (used in) operating activities |  |
Net income (loss) | (454,812) | (2,313,788)
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Net realized loss (gain) on investments | 420,623 | 2,914,522
Change in net unrealized loss (gain) on investments | 76,566 | (167,281)
Change in operating assets and liabilities: |  |
Sale (purchase) of investments, net | 6,539,056 | 19,637,714
Increase in Deposits with brokers for futures |  | (144,758)
Increase in Variation Margin on futures |  | (115,742)
Decrease in interest receivable | 410 | (751)
Decrease in segregated cash held by broker | (317,893) | 1,386,738
Decrease in receivable on open futures contracts |  |
Increase in other assets |  |
Decrease in options written, at fair value | (469) | (16,953)
Increase in payable for Fund shares redeemed |  | 4,706,340
Decrease in Variation Margin on futures |  |
Increase (decrease) in receivable on open futures contracts |  |
Increase (decrease) in payable on open futures contracts | 73,602 | (698,426)
Decrease in due to Sponsor | (5,417) | (12,824)
Increase (Decrease) in other liabilities and accrued expenses |  | 26,289
Net cash provided by (used in) operating activities | 6,331,666 | 25,201,080
Cash flows from financing activities |  |
Proceeds from sale of shares |  | 24,297,005
Paid on redemption of shares | (6,331,666) | (44,791,745)
Net cash provided by (used in) financing activities | (6,331,666) | (20,494,740)
Net increase (decrease) in cash |  | 4,706,340
Cash, beginning of period |  |
Cash, end of period |  | 4,706,340
BREAKWAVE DRY BULK SHIPPING ETF |  |
Cash flows provided by (used in) operating activities |  |
Net income (loss) | (3,735,069) | (1,999,517)
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Net realized loss (gain) on investments | 2,388,880 | 1,391,126
Change in net unrealized loss (gain) on investments | 1,204,565 | 544,960
Change in operating assets and liabilities: |  |
Sale (purchase) of investments, net | (5,054,295) | (1,783,115)
Increase in Deposits with brokers for futures |  | (2,178,370)
Increase in Variation Margin on futures |  |
Decrease in interest receivable | 3,667 | (46)
Decrease in segregated cash held by broker | (11,912,455) | 1,941,874
Decrease in receivable on open futures contracts |  | 81,680
Increase in other assets |  | (21,906)
Decrease in options written, at fair value |  |
Increase in payable for Fund shares redeemed |  |
Decrease in Variation Margin on futures |  | 198,550
Increase (decrease) in receivable on open futures contracts | (2,856,535) |
Increase (decrease) in payable on open futures contracts | 1,976,295 |
Decrease in due to Sponsor | 29,594 | (1,130)
Increase (Decrease) in other liabilities and accrued expenses | 9,680 | (3,189)
Net cash provided by (used in) operating activities | (17,945,673) | (1,829,083)
Cash flows from financing activities |  |
Proceeds from sale of shares | 22,763,000 | 1,795,803
Paid on redemption of shares | (4,817,327) |
Net cash provided by (used in) financing activities | 17,945,673 | 1,795,803
Net increase (decrease) in cash |  | (33,280)
Cash, beginning of period |  | 33,280
Cash, end of period |  |

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