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Combined Schedules of Investments | 3 Months Ended | 9 Months Ended
--- | --- | ---
Jun. 30, 2019 USD ($) Number shares | Mar. 31, 2020 USD ($) Number shares
Investment owned, at Fair value |  | $ 16,228,411 |  | $ 23,652,537 |
US Treasury Securities |  |  |  |  |
Investment owned, at Fair value |  |  |  | 4,848,915 |
Investment owned, Balance, Principal amount |  | 11,591,734 |  | 4,848,915 |
BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  | 4,308,262 |  | 18,518,866 |
BREAKWAVE DRY BULK SHIPPING ETF | US Treasury Securities |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
SIT RISING RATE ETF |  |  |  |  |
Investment owned, at Fair value |  | 11,920,149 |  | 5,133,671 |
SIT RISING RATE ETF | US Treasury Securities |  |  |  |  |
Investment owned, at Fair value |  | 11,591,734 |  | 4,848,915 | [1]
BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  | 4,308,262 |  | 18,518,866 |
Futures Contracts |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | 81,680 |  | (1,976,295) |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (598,920) |
Futures Contracts | Baltic Capesize Time Charter Expiring May 29, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (395,195) |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (246,245) |
Futures Contracts | Baltic Exchange Capesize Time Charter Expiring April 30, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (340,115) |
Futures Contracts | Baltic Exchange Capesize Time Charter Expiring May 29, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (210,460) |
Futures Contracts | Baltic Exchange Capesize Time Charter Expiring June 30, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (162,295) |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | 25,015 |  |  |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 33,835 |  |  |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 45 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 31,945 |  |  |
Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | (5,565) |  |  |
Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | 5,250 |  |  |
Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 8,505 |  |  |
Futures Contracts | Baltic Capesize Time Charter Expiring July 26, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 40 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 104,930 |  |  |
Futures Contracts | Baltic Capesize Time Charter Expiring August 30, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | 92,090 |  |  |
Futures Contracts | Baltic Capesize Time Charter Expiring September 27, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | 95,410 |  |  |
Futures Contracts | Baltic Capesize Time Charter Expiring May 29, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (56,250) |
Futures Contracts | Baltic Capesize Time Charter Expiring April 30, 2020 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (313,655) |
Futures Contracts | Baltic Capesize Time Charter Expiring June 30, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ 346,840 |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 391,415 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2020 [Member] |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 235 |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ (598,920) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring May 29, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ (395,195) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2020 [Member] |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 210 |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ (246,245) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Capesize Time Charter Expiring April 30, 2020 [Member] |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 35 |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ (340,115) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Capesize Time Charter Expiring May 29, 2020 [Member] |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 95 |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ (210,460) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Capesize Time Charter Expiring June 30, 2020 [Member] |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 95 |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ (162,295) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Supramax T/C Average Shipping Route Expiring August 30, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 15 |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring November 29, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  |  |  | 210 |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 45 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 25,015 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 45 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 33,835 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 31,945 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 45 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ (5,565) |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 10 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 5,250 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 45 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 8,505 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring July 26, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 30 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 104,930 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring August 30, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 30 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 92,090 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring September 27, 2019 |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 30 |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ 95,410 |  |  |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Supramax Average Shipping Route Expiring March 31, 2020 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | $ 19,336 |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Exchange Supramax Average Shipping Route Expiring January 31, 2020 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | 1,125 |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring May 29, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (56,250) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring April 30, 2020 |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | (313,655) |
Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | Baltic Capesize Time Charter Expiring June 30, 2020 [Member] |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  |  |  | 346,840 |
Short Futures Contracts |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | (326,457) |  | (400,059) |
Short Futures Contracts | US Treasury 2 Year Note |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | (144,096) |  | (199,694) |
Short Futures Contracts | US Treasury 5 Year Note |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | (182,361) |  | (200,365) |
Short Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Short Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | US Treasury 2 Year Note |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Short Futures Contracts | BREAKWAVE DRY BULK SHIPPING ETF | US Treasury 5 Year Note |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Short Futures Contracts | SIT RISING RATE ETF |  |  |  |  |
Value investment owned, Appreciation/(Depreciation) |  | $ (326,457) |  | $ (400,059) |
Short Futures Contracts | SIT RISING RATE ETF | US Treasury 2 Year Note |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 106 |  | 46 |
Value investment owned, Appreciation/(Depreciation) |  | $ (144,096) |  | $ (200,365) |
Short Futures Contracts | SIT RISING RATE ETF | US Treasury 5 Year Note |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 102 |  | 55 |
Value investment owned, Appreciation/(Depreciation) |  | $ (182,361) |  | $ (199,694) |
Purchased Options |  |  |  |  |
Investment owned, at Fair value |  | $ 35,625 |  | $ 16,000 |
Purchased Options | US Treasury 10 Year Note |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 40 |  | 16 |
Investment owned, at Fair value |  | $ 35,625 |  | $ 16,000 |
Purchased Options | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Purchased Options | BREAKWAVE DRY BULK SHIPPING ETF | US Treasury 10 Year Note |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Purchased Options | SIT RISING RATE ETF |  |  |  |  |
Investment owned, at Fair value |  | 35,625 |  | 16,000 |
Purchased Options | SIT RISING RATE ETF | US Treasury 10 Year Note |  |  |  |  |
Investment owned, at Fair value |  | $ 35,625 |  | 16,000 |
Written Options Contracts | US Treasury 5 Year Note |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 25 |  |  |
Investment owned, at Fair value |  | $ (19,336) |  | 19,336 |
Written Options Contracts | BREAKWAVE DRY BULK SHIPPING ETF | US Treasury 5 Year Note |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Written Options Contracts | SIT RISING RATE ETF | US Treasury 5 Year Note |  |  |  |  |
Investment owned, Balance, Contracts | Number |  | 25 |  | 12 |
Investment owned, at Fair value |  | $ (19,336) |  | $ (13,672) |
Investments |  |  |  |  |
Investment owned, at Fair value |  | 13,005,522 |  | 7,430,127 |
Investments | SIT RISING RATE ETF |  |  |  |  |
Investment owned, at Fair value |  | 11,909,897 |  | 4,873,652 |
Investments | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  | 1,249,009 |  | 2,556,475 |
Assets in Excess of Other Liabilities |  |  |  |  |
Investment owned, at Fair value |  | 3,222,889 | [1] | 16,222,410 | [2]
Assets in Excess of Other Liabilities | SIT RISING RATE ETF |  |  |  |  |
Investment owned, at Fair value |  | 10,252 | [1] | 260,019 | [2]
Assets in Excess of Other Liabilities | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  | 3,212,637 | [1] | 15,962,391 | [2]
Money Market Funds |  |  |  |  |
Investment owned, at Fair value |  | 1,378,163 |  | 2,565,212 |
Money Market Funds | First American US Treasury Obligations Fund Class X |  |  |  |  |
Investment owned, at Fair value |  | 1,095,625 | [3] | 2,556,475 |
Money Market Funds | First American US Treasury Money Market Fund Class Z |  |  |  |  |
Investment owned, at Fair value | [3] | 282,538 |  | $ 8,737 |
Money Market Funds | BREAKWAVE DRY BULK SHIPPING ETF | First American US Treasury Obligations Fund Class X |  |  |  |  |
Investment owned, Balance, Shares | shares |  |  |  | 2,556,475 |
Investment owned, at Fair value |  |  |  | $ 2,556,475 |
Money Market Funds | BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
Investment owned, at Fair value |  | 1,095,625 |  | 2,556,475 |
Money Market Funds | SIT RISING RATE ETF |  |  |  |  |
Investment owned, at Fair value |  | $ 697,615 |  | $ 8,737 |
Money Market Funds | SIT RISING RATE ETF | First American US Treasury Money Market Fund Class Z |  |  |  |  |
Investment owned, Balance, Shares | shares |  | 282,538 |  | 8,737 | [4]
Investment owned, at Fair value |  | $ 282,538 |  | $ 8,737 |
Money Market Funds | BREAKWAVE DRY BULK SHIPPING ETF | First American US Treasury Obligations Fund Class X |  |  |  |  |
Investment owned, Balance, Shares | shares |  | 1,095,625 |  |  |
Investment owned, at Fair value |  | $ 1,095,625 |  |  |
Short-term Investments | US Treasury Securities |  |  |  |  |
Investment owned, at Fair value |  | 11,591,734 | [1] | 4,848,915 |
Short-term Investments | BREAKWAVE DRY BULK SHIPPING ETF | US Treasury Securities |  |  |  |  |
Investment owned, at Fair value |  |  |  |  |
Short-term Investments | SIT RISING RATE ETF | US Treasury Securities |  |  |  |  |
Investment owned, at Fair value | [1] | $ 11,591,734 |  | $ 4,848,915 |
[1] | All or a portion of this security is held as collateral for futures contracts and written options.
[2] | $-0- and $14,744,021, respectively, of cash is pledged as collateral for futures contracts
[3] | Annualized seven-day yield as of June 30, 2019.
[4] | Annualized seven-day yield as of March 31, 2020

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