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Combined Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows provided by (used in) operating activities    
Net income (loss) $ (4,189,881) $ (4,313,305)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments 2,809,503 4,305,648
Change in net unrealized loss (gain) on investments 1,281,131 377,679
Change in operating assets and liabilities:    
Sale (purchase) of investments, net 1,484,761 17,854,599
Increase in Deposits with brokers for futures   (2,323,128)
Increase in Variation Margin on futures   (115,742)
Decrease in interest receivable 4,077 (797)
Decrease in segregated cash held by broker (12,230,348) 3,328,612
Decrease in receivable on open futures contracts   81,680
Increase in other assets   (21,906)
Decrease in options written, at fair value (469) (16,953)
Increase in payable for Fund shares redeemed   4,706,340
Decrease in Variation Margin on futures   198,550
Increase (decrease) in receivable on open futures contracts (2,856,535)  
Increase (decrease) in payable on open futures contracts 2,049,897 (698,426)
Decrease in due to Sponsor 24,177 (13,954)
Increase (Decrease) in other liabilities and accrued expenses 9,680 23,100
Net cash provided by (used in) operating activities (11,614,007) 23,371,997
Cash flows from financing activities    
Proceeds from sale of shares 22,763,000 26,092,808
Paid on redemption of shares (11,148,993) (44,791,745)
Net cash provided by (used in) financing activities 11,614,007 (18,698,937)
Net increase (decrease) in cash 4,673,060
Cash, beginning of period 33,280
Cash, end of period 4,706,340
SIT RISING RATE ETF    
Cash flows provided by (used in) operating activities    
Net income (loss) (454,812) (2,313,788)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments 420,623 2,914,522
Change in net unrealized loss (gain) on investments 76,566 (167,281)
Change in operating assets and liabilities:    
Sale (purchase) of investments, net 6,539,056 19,637,714
Increase in Deposits with brokers for futures   (144,758)
Increase in Variation Margin on futures   (115,742)
Decrease in interest receivable 410 (751)
Decrease in segregated cash held by broker (317,893) 1,386,738
Decrease in receivable on open futures contracts  
Increase in other assets  
Decrease in options written, at fair value (469) (16,953)
Increase in payable for Fund shares redeemed   4,706,340
Decrease in Variation Margin on futures  
Increase (decrease) in receivable on open futures contracts  
Increase (decrease) in payable on open futures contracts 73,602 (698,426)
Decrease in due to Sponsor (5,417) (12,824)
Increase (Decrease) in other liabilities and accrued expenses 26,289
Net cash provided by (used in) operating activities 6,331,666 25,201,080
Cash flows from financing activities    
Proceeds from sale of shares 24,297,005
Paid on redemption of shares (6,331,666) (44,791,745)
Net cash provided by (used in) financing activities (6,331,666) (20,494,740)
Net increase (decrease) in cash 4,706,340
Cash, beginning of period
Cash, end of period 4,706,340
BREAKWAVE DRY BULK SHIPPING ETF    
Cash flows provided by (used in) operating activities    
Net income (loss) (3,735,069) (1,999,517)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments 2,388,880 1,391,126
Change in net unrealized loss (gain) on investments 1,204,565 544,960
Change in operating assets and liabilities:    
Sale (purchase) of investments, net (5,054,295) (1,783,115)
Increase in Deposits with brokers for futures   (2,178,370)
Increase in Variation Margin on futures  
Decrease in interest receivable 3,667 (46)
Decrease in segregated cash held by broker (11,912,455) 1,941,874
Decrease in receivable on open futures contracts   81,680
Increase in other assets   (21,906)
Decrease in options written, at fair value
Increase in payable for Fund shares redeemed  
Decrease in Variation Margin on futures   198,550
Increase (decrease) in receivable on open futures contracts (2,856,535)  
Increase (decrease) in payable on open futures contracts 1,976,295
Decrease in due to Sponsor 29,594 (1,130)
Increase (Decrease) in other liabilities and accrued expenses 9,680 (3,189)
Net cash provided by (used in) operating activities (17,945,673) (1,829,083)
Cash flows from financing activities    
Proceeds from sale of shares 22,763,000 1,795,803
Paid on redemption of shares (4,817,327)
Net cash provided by (used in) financing activities 17,945,673 1,795,803
Net increase (decrease) in cash (33,280)
Cash, beginning of period 33,280
Cash, end of period