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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of balance sheet grouping

		March 31, 2020 (unaudited)
		Short-Term Investments				Purchased Options Contracts				Written Options Contracts			Futures Contracts			Total
Level I – Quoted Prices		$	4,857,652	a		$	16,000	a		$	(18,867	)b	$	(400,059)	c	$	4,454,726

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities.

b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities.

c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.

		June 30, 2019 (audited)
		Short-Term Investments				Purchased Options Contracts				Written Options Contracts			Futures Contracts			Total
Level I – Quoted Prices		$	11,874,272	a		$	35,625	a		$	(19,336	)b	$	(326,457)	c	$	11,564,104

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. 

b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. 

c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.

Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2020 and the year ended June 30, 2019, RISE recognized no transfers from Level 1, Level 2 or Level 3.

The following table summarizes BDRY's valuation of investments at March 31, 2020 and at June 30, 2019 using the fair value hierarchy:

		March 31, 2020 (unaudited)
		Short-Term Investments				Futures Contracts				Total
Level I – Quoted Prices		$	2,556,475	a		$	(1,976,295)	b		$	580,180

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities.

b – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.

		June 30, 2019 (audited)
		Short-Term Investments				Futures Contracts				Total
Level I – Quoted Prices		$	1,095,625	a		$	391,415	b		$	1,487,040

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities.

b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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