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Net Asset Value and Financial Highlights (Tables)

6 Months Ended

Dec. 31, 2024

Net Asset Value and Financial Highlights [Abstract]

Schedule of Net Investment Income (Loss) and Expense Ratios

(10) Net Asset Value and Financial Highlights - Continued

		BREAKWAVE DRY BULK								BREAKWAVE TANKER
		SHIPPING ETF								SHIPPING ETF
		For the Three Months Ended December 31, 2024								For the Three Months Ended December 31, 2023
		2024				2023				2024				2023
Net Asset Value
Net asset value per Share, beginning of period		$	10.71			$	5.50			$	14.85			$	15.48
Net investment loss*			(0.03	)			(0.02	)			(0.05	)			(0.16	)
Net realized and unrealized loss			(4.64	)			6.16				(4.92	)			0.72
Net Loss			(4.67	)			6.14				(4.97	)			0.56
Net Asset Value per Share, end of period		$	6.04			$	11.64			$	9.88			$	16.04
Market Value per Share, end of period		$	6.08			$	11.56			$	9.82			$	16.15
Ratios to Average Net Assets**
Expense Ratio**			5.24	%			4.38	%			5.18	%			5.24	%
Expense Ratio**** before Waiver/Assumption			7.45	%			4.38	%			22.48	%			21.42	%
Net Investment Income (Loss)			(1.74	)%			(1.30	)%			(1.44	)%			(3.77	)%
Total Return, at Net Asset Value***			(43.62	)%			111.64	%			(33.44	)%			3.62	%
Total Return, at Market Value***			(43.39	)%			110.56	%			(33.46	)%			2.41	%

* Calculated based on average shares outstanding during the period.

** Percentages are annualized

*** Percentages are not annualized

**** Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any.

		BREAKWAVE DRY BULK								BREAKWAVE TANKER
		SHIPPING ETF								SHIPPING ETF
		For the Six Months Ended December 31, 2024								For the Six Months Ended December 31, 2023
		2024				2023				2024				2023
Net Asset Value
Net asset value per Share, beginning of period		$	12.13			$	5.53			$	16.69			$	20.83
Net investment loss*			(0.05	)			(0.03	)			(0.10	)			(0.37	)
Net realized and unrealized loss			(6.04	)			6.14				(6.71	)			(4.42	)
Net Loss			(6.09	)			6.11				(6.81	)			(4.79	)
Net Asset Value per Share, end of period		$	6.04			$	11.64			$	9.88			$	16.04
Market Value per Share, end of period		$	6.08			$	11.56			$	9.82			$	16.15
Ratios to Average Net Assets**
Expense Ratio**			4.78	%			4.32	%			5.06	%			5.24	%
Expense Ratio**** before Waiver/Assumption			6.43	%			4.32	%			19.23	%			18.27	%
Net Investment Income (Loss)			(1.19	)%			(1.14	)%			(1.31	)%			(4.24	)%
Total Return, at Net Asset Value***			(50.18	)%			110.49	%			(40.79	)%			(23.00	)%
Total Return, at Market Value***			(50.33	)%			108.29	%			(41.52	)%			(22.65	)%

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- References

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- Definition

Tabular disclosure of financial highlights. Includes, but is not limited to, per share information, income and expense ratios, total return, capital commitment and fee waiver.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478494/946-205-50-1

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