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Combined Statements of Assets and Liabilities - USD ($)
Mar. 31, 2020
Jun. 30, 2019
Assets    
Investment in securities, at fair value $ 7,430,127 $ 13,005,522
Interest receivable 2,180 6,257
Segregated cash held by broker 15,427,374 3,197,026
Receivable for Fund shares sold 3,247,950 391,415
Total assets 26,107,631 16,600,220
Liabilities    
Options written, at fair value 18,867 19,336
Payable on open futures contracts 2,376,354 326,457
Due to Sponsor 45,727 21,550
Other liabilities 14,146 4,466
Total liabilities 2,455,094 371,809
Net Assets 23,652,537 16,228,411
SIT RISING RATE ETF    
Assets    
Investment in securities, at fair value 4,873,652 11,909,897
Interest receivable 26 436
Segregated cash held by broker 683,353 365,460
Receivable for Fund shares sold
Total assets 5,557,031 12,275,793
Liabilities    
Options written, at fair value 18,867 19,336
Payable on open futures contracts 400,059 326,457
Due to Sponsor 4,434 9,851
Other liabilities
Total liabilities 423,360 355,644
Net Assets $ 5,133,671 $ 11,920,149
Shares outstanding (unlimited authorized) 250,040 525,040
Net asset value per share $ 20.53 $ 22.7
Market value per share $ 20.53 $ 22.73
BREAKWAVE DRY BULK SHIPPING ETF    
Assets    
Investment in securities, at fair value $ 2,556,475 $ 1,095,625
Interest receivable 2,154 5,821
Segregated cash held by broker 14,744,021 2,831,566
Receivable for Fund shares sold 3,247,950 391,415
Total assets 20,550,600 4,324,427
Liabilities    
Options written, at fair value
Payable on open futures contracts 1,976,295
Due to Sponsor 41,293 11,699
Other liabilities 14,146 4,466
Total liabilities 2,031,734 16,165
Net Assets $ 18,518,866 $ 4,308,262
Shares outstanding (unlimited authorized) 2,850,040 325,040
Net asset value per share $ 6.50 $ 13.25
Market value per share $ 6.39 $ 13.15