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Creations and Redemptions (Tables)

9 Months Ended

Mar. 31, 2020

Creations and Redemptions [Abstract]

Schedule of share transactions

SIT RISING RATE ETF

Summary of Share Transactions for the Three Months Ended March 31, 2020
		Shares				Net Assets Decrease
Shares Sold			—			$	—
Shares Redeemed			—				—
Net Decrease			—			$	—

Summary of Share Transactions for the Three Months Ended March 31, 2019
		Shares				Net Assets Decrease
Shares Sold			—			$	—
Shares Redeemed			(1,275,000	)			(30,628,345	)
Net Increase			(1,275,000	)		$	(30,628,345	)

Summary of Share Transactions for the Nine Months Ended March 31, 2020
		Shares				Net Assets Decrease
Shares Sold			—			$	—
Shares Redeemed			(275,000	)			(6,331,666	)
Net Decrease			(275,000	)		$	(6,331,666	)

Summary of Share Transactions for the Nine Months Ended March 31, 2019
		Shares				Net Assets Decrease
Shares Sold			975,000			$	24,297,005
Shares Redeemed			(1,850,000	)			(44,791,745	)
Net Increase			(875,000	)		$	(20,494,740	)

BREAKWAVE DRY BULK SHIPPING ETF

Summary of Share Transactions for the Three Months Ended March 31, 2020
		Shares				Net Assets Increase
Shares Sold			2,775,000			$	21,611,870
Shares Redeemed			(50,000	)			(695,550	)
Net Increase			2,725,000			$	20,916,320

Summary of Share Transactions for the Three Months Ended March 31, 2019
		Shares				Net Assets Increase
Shares Sold			175,000			$	1,795,803
Shares Redeemed			—				—
Net Increase			175,000			$	1,795,803

Summary of Share Transactions for the Nine Months Ended March 31, 2020
		Shares				Net Assets Increase
Shares Sold			2,850,000			$	22,763,000
Shares Redeemed			(300,000	)			(4,817,327	)
Net Decrease			2,550,000			$	(17,945,673	)

Summary of Share Transactions for the Nine Months Ended March 31, 2019
		Shares				Net Assets Increase
Shares Sold			175,000			$	1,795,803
Shares Redeemed			—				—
Net Increase			175,000			$	1,795,803