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Combined Schedules of Investments (Parenthetical) - USD ($)

3 Months Ended

9 Months Ended

Jun. 30, 2019

Mar. 31, 2020

SIT RISING RATE ETF

Investment owned, Percent of net assets

100.00%

100.00%

BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Percent of net assets

100.00%

100.00%

Purchased Options | SIT RISING RATE ETF

Investment owned, Percent of net assets

(0.40%)

Purchased Options | U.S. Treasury 10 Year Note | SIT RISING RATE ETF

Investment owned, Subject to option, Price

$ 123.50

$ 138.00

Investment owned, Subject to option, Exercise dates

08/23/2019

05/22/2020

Investment owned, at cost

$ 58,883

$ 51,053

Investment owned, Percent of net assets

0.30%

0.30%

Purchased Options | U.S. Treasury 10 Year Note | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, at cost

$ 0

Investment owned, Percent of net assets

2.082%

0.00%

Written Options Contracts | SIT RISING RATE ETF

Investment owned, Percent of net assets

0.00%

Written Options Contracts | U.S. Treasury 5 Year Note | SIT RISING RATE ETF

Investment owned, Subject to option, Price

$ 117.75

$ 120.25

Investment owned, Subject to option, Exercise dates

08/23/2019

05/22/2020

Investment owned premiums received

$ 16,128

$ 637

Written Options Contracts | U.S. Treasury 5 Year Note One [Member] | SIT RISING RATE ETF

Investment owned, Subject to option, Price

$ 124.25

Investment owned, Subject to option, Exercise dates

05/22/2020

Investment owned premiums received

$ 8,190

Short Futures Contracts | U.S. Treasury 10 Year Note | SIT RISING RATE ETF

Investment owned, at cost

11,586,722

4,827,111

Investment owned, Principal amount

11,700,000

4,850,000

^[1]

Short Futures Contracts | U.S. Treasury 5 Year Note | SIT RISING RATE ETF

Investment owned, Principal amount

12,051,938

4,889,016

Short Futures Contracts | U.S. Treasury 2 Year Note | SIT RISING RATE ETF

Investment owned, Principal amount

22,809,047

10,798,758

Money Market Funds | SIT RISING RATE ETF

Investment owned, at cost

$ 282,538

$ 8,737

Investment owned, Percent of net assets

1.40%

0.20%

Money Market Funds | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, at cost

$ 1,095,625

$ 551,232

Investment owned, Percent of net assets

25.40%

13.80%

Money Market Funds | First American US Treasury Money Market Fund Class Z | SIT RISING RATE ETF

Investment owned, at cost

$ 282,538

$ 8,737

Investment owned, Percent of net assets

2.40%

^[2]

0.37%

^[3]

Money Market Funds | First American US Treasury Obligations Fund Class X | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, at cost

$ 1,095,625

$ 2,556,475

Investment owned, Percent of net assets

2.27%

^[2]

0.32%

^[3]

Investments

Investment futures contracts

$ 0

Investments | SIT RISING RATE ETF

Investment owned, at cost

$ 11,928,143

$ 4,886,901

Investment owned, Percent of net assets

99.90%

94.90%

Investments | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, at cost

$ 1,095,625

$ 2,556,475

Investment owned, Percent of net assets

25.40%

13.80%

Other Assets in Excess of Liabilities | SIT RISING RATE ETF

Investment owned Percent of other liabilities

0.10%

5.10%

^[4]

Other Assets in Excess of Liabilities | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned Percent of other liabilities

74.60%

86.20%

^[4]

Short-term Investments | SIT RISING RATE ETF

Investment owned, Percent of net assets

97.20%

94.40%

Short-term Investments | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Percent of net assets

0.00%

0.00%

Short-term Investments | U.S. Treasury 10 Year Note | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, at cost

$ 0

Investment owned, Percent of net assets

^[1]

0.0763%

Futures Contracts

Investment futures contracts

$ 14,744,021

Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

1,539,955

Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring May 29, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

1,592,430

Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

1,748,880

Futures Contracts | Baltic Exchange Supramax Average Shipping Route Expiring April 30, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

897,760

Futures Contracts | Baltic Exchange Supramax Average Shipping Route Expiring May 29, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

613,415

Futures Contracts | Baltic Exchange Supramax Average Shipping Route Expiring June 30, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

661,580

Futures Contracts | Baltic Capesize Time Charter Expiring April 30, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

2,444,970

Futures Contracts | Baltic Capesize Time Charter Expiring May 29, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

2,752,625

Futures Contracts | Baltic Capesize Time Charter Expiring June 30, 2020 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

$ 3,221,715

Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

$ 489,015

Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

497,835

Futures Contracts | Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

495,945

Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

147,435

Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

158,250

Futures Contracts | Baltic Exchange Supramax T/C Average Shipping Route Expiring September 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

161,505

Futures Contracts | Baltic Capesize Time Charter Expiring July 26, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

732,680

Futures Contracts | Baltic Capesize Time Charter Expiring August 30, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

719,840

Futures Contracts | Baltic Capesize Time Charter Expiring September 27, 2019 | BREAKWAVE DRY BULK SHIPPING ETF

Investment owned, Principal amount

$ 723,160

[1]	All or a portion of this security is held as collateral for futures contracts and written options.
[2]	Annualized seven-day yield as of June 30, 2019.
[3]	Annualized seven-day yield as of March 31, 2020
[4]	$-0- and $14,726,645, respectively, of cash is pledged as collateral for futures contracts

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