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Combined Statements of Assets and Liabilities (Unaudited) - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Assets    
Investment in securities, at fair value $ 20,358,698 $ 9,378,115
Segregated cash held by broker 14,937,097 [1] 32,983,489
Due from Sponsor 24,466 22,674
Interest receivable 90,824 124,030
Total assets 35,411,085 42,508,308
Liabilities    
Due to Sponsor 9,496 36,204
Payable on open futures contracts   904,555
Unrealized depreciation on futures contracts 2,487,285  
Other accrued expenses 561,557 366,578
Total liabilities 3,058,338 1,307,337
Net Assets 32,352,747 41,200,971
Net Assets Consist Of:    
Paid-in Capital 6,909,196 (1,057,240)
Total Distributable Earnings (Accumulated Deficit) 25,443,551 42,258,211
Net Assets 32,352,747 41,200,971
BREAKWAVE DRY BULK SHIPPING ETF    
Assets    
Investment in securities, at fair value 19,837,790 8,348,195
Segregated cash held by broker 13,961,818 [1] 31,739,612
Due from Sponsor  
Interest receivable 86,315 119,526
Total assets 33,885,923 40,207,333
Liabilities    
Due to Sponsor 9,496 36,204
Payable on open futures contracts   788,675
Unrealized depreciation on futures contracts 2,302,435  
Other accrued expenses 457,426 269,300
Total liabilities 2,769,357 1,094,179
Net Assets 31,116,566 39,113,154
Net Assets Consist Of:    
Paid-in Capital 5,415,225 (2,296,733)
Total Distributable Earnings (Accumulated Deficit) 25,701,341 41,409,887
Net Assets $ 31,116,566 $ 39,113,154
Shares outstanding (unlimited authorized) (in Shares) 5,150,040 3,225,040
Net asset value per share (in Dollars per share) $ 6.04 $ 12.13
Market value per share (in Dollars per share) $ 6.08 $ 12.24
BREAKWAVE TANKER SHIPPING ETF    
Assets    
Investment in securities, at fair value $ 520,908 $ 1,029,920
Segregated cash held by broker 975,279 [1] 1,243,877
Due from Sponsor 24,466 22,674
Interest receivable 4,509 4,504
Total assets 1,525,162 2,300,975
Liabilities    
Due to Sponsor  
Payable on open futures contracts   115,880
Unrealized depreciation on futures contracts 184,850  
Other accrued expenses 104,131 97,278
Total liabilities 288,981 213,158
Net Assets 1,236,181 2,087,817
Net Assets Consist Of:    
Paid-in Capital 1,493,971 1,239,493
Total Distributable Earnings (Accumulated Deficit) (257,790) 848,324
Net Assets $ 1,236,181 $ 2,087,817
Shares outstanding (unlimited authorized) (in Shares) 125,100 125,100
Net asset value per share (in Dollars per share) $ 9.88 $ 16.69
Market value per share (in Dollars per share) $ 9.82 $ 16.79
[1] Required margin held as collateral for open futures contracts