XML 37 R5.htm IDEA: XBRL DOCUMENT
v3.24.3

Combined Schedule of Investments - USD ($) | Jun. 30, 2024 | Jun. 30, 2023
--- | --- | ---
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
TOTAL NET ASSETS |  | $ 41,200,971 |  | $ 65,362,651 |
Investments [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
Total Investments |  | 9,378,115 |  | 40,066,908 |
Other Assets in Excess of Liabilities [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
Other Assets in Excess of Liabilities |  | 31,822,856 | [1] | 25,295,743 | [2]
Money Market Funds [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS |  | 9,378,115 |  | 40,066,908 |
Money Market Funds [Member] | Invesco Government & Agency Portfolio Institutional Class [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS | [3] | 9,378,115 |  |  |
Money Market Funds [Member] | First American US Treasury Obligations Fund, Class X [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS | [4] |  |  | 40,066,908 |
BREAKWAVE DRY BULK SHIPPING ETF |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
TOTAL NET ASSETS |  | 39,113,154 |  | 61,193,899 |
BREAKWAVE DRY BULK SHIPPING ETF | Investments [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
Total Investments |  | 8,348,195 |  | 39,591,860 |
BREAKWAVE DRY BULK SHIPPING ETF | Other Assets in Excess of Liabilities [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
Other Assets in Excess of Liabilities |  | 30,764,959 | [1] | 21,602,039 | [2]
BREAKWAVE DRY BULK SHIPPING ETF | Money Market Funds [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS |  | 8,348,195 |  | 39,591,860 |
BREAKWAVE DRY BULK SHIPPING ETF | Money Market Funds [Member] | Invesco Government & Agency Portfolio Institutional Class [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS | [3] | 8,348,195 |  |  |
BREAKWAVE DRY BULK SHIPPING ETF | Money Market Funds [Member] | First American US Treasury Obligations Fund, Class X [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS | [4] |  |  | 39,591,860 |
BREAKWAVE TANKER SHIPPING ETF |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
TOTAL NET ASSETS |  | 2,087,817 |  | 4,168,752 |
BREAKWAVE TANKER SHIPPING ETF | Investments [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
Total Investments |  | 1,029,320 |  | 475,048 |
BREAKWAVE TANKER SHIPPING ETF | Other Assets in Excess of Liabilities [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
Other Assets in Excess of Liabilities |  | 1,057,897 | [1] | 3,693,704 | [2]
BREAKWAVE TANKER SHIPPING ETF | Money Market Funds [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS |  | 1,029,920 |  | 475,048 |
BREAKWAVE TANKER SHIPPING ETF | Money Market Funds [Member] | Invesco Government & Agency Portfolio Institutional Class [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS | [3] | $ 1,029,920 |  |  |
BREAKWAVE TANKER SHIPPING ETF | Money Market Funds [Member] | First American US Treasury Obligations Fund, Class X [Member] |  |  |  |  |
MONEY MARKET FUNDS – 21.3% and 49.3%, respectively |  |  |  |  |
MONEY MARKET FUNDS | [4] |  |  | $ 475,048 |
[1] | $31,739,612 and $1,243,877 respectively, of cash is pledged as collateral for futures contracts.
[2] | $35,323,736 and $2,879,954, respectively, of cash is pledged as collateral for futures contracts.
[3] | Annualized seven-day yield as of June 30, 2024.
[4] | Annualized seven-day yield as of June 30, 2023.

X
- References No definition available. + Details
Name: | bdry_MoneyMarketFunds213And493RespectivelyAbstract
Namespace Prefix: | bdry_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of net assets (liabilities). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 30 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479910/205-30-50-1 + Details
Name: | us-gaap_AssetsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Sum of the carrying amounts as of the balance sheet date of all investments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480078/944-80-55-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480078/944-80-55-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(h)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_Investments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Investment in short-term money-market instruments (such as commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and so forth) which are highly liquid (that is, readily convertible to known amounts of cash) and so near their maturity that they present an insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify as cash equivalents by definition. Original maturity means an original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. + References No definition available. + Details
Name: | us-gaap_MoneyMarketFundsAtCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of assets classified as other. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_OtherAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_InvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=bdry_OtherAssetsInExcessOfLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_MoneyMarketFundsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | bdry_MaturityInvestmentAxis=bdry_InvescoGovernmentAgencyPortfolioInstitutionalClassMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | bdry_MaturityInvestmentAxis=bdry_FirstAmericanUSTreasuryObligationsFundClassXMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=bdry_BreakwaveDryBulkShippingETFMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=bdry_BreakwaveTankerShippingETFMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |