v3.22.2.2
Net Asset Value and Financial Highlights (Tables)
12 Months Ended
Jun. 30, 2022
Net Asset Value and Financial Highlights [Abstract]
Schedule of net asset value and financial highlights
BREAKWAVE DRY BULK
SHIPPING ETF
For the Year Ended June 30,
2022
2021
Net Asset Value
Net asset value per Share, beginning of year
$
28.88
$
7.70
Net investment income (loss)
(1.15
)
(0.53
)
Net realized and unrealized gain (loss)
(10.67
)
21.71
Net Income (Loss)
(11.82
)
21.18
Net Asset Value per Share, end of year
$
17.06
$
28.88
Market Value per Share, end of year
$
17.17
$
29.35
Ratios to Average Net Assets*
Expense Ratio***
4.50
%
4.12
%
Expense Ratio*** before Waiver/Assumption
4.50
%
4.21
%
Net Investment Income (Loss)
(4.46
%)
(4.11
%)
Total Return, at Net Asset Value**
(40.93
%)
275.06
%
Total Return, at Market Value**
(41.50
%)
297.16
%
*
Percentages are annualized.
**
Percentages are not annualized.
***
For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any.
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Tabular disclosure of net asset value and ratios to average net assets.
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