Investments (Tables)

6 Months Ended

Dec. 31, 2025

Investments [Abstract]

Schedule of Average Derivative Volume

Average Derivative Volume, for the six months ended December 31, 2025

Fund		Monthly Average Quantity				Monthly Average Notional Value
Breakwave Dry Bulk Shipping ETF			1,027			$	17,014,104
Breakwave Tanker Shipping ETF			67			$	1,107,934
Amplify Commodity Trust (combined)			1,094			$	18,122,038

Average Derivative Volume, for the period ended June 30, 2025

Fund		Monthly Average Quantity				Monthly Average Notional Value
Breakwave Dry Bulk Shipping ETF			1,233			$	16,859,719
Breakwave Tanker Shipping ETF			52			$	710,033
Amplify Commodity Trust (combined)			1,285			$	17,569,752

Schedule of Fair Value of Derivative Instruments

Fair Value of Derivative Instruments, as of December 31, 2025

Asset Derivatives

Liability Derivatives

Derivatives

Combined Statements of
Assets and Liabilities

Fair Value

Combined Statements of
Assets and Liabilities

Fair Value

Total^(a)

Dry Bulk Index Rates Market Risk

Unrealized appreciation on futures contracts

$

1,579,390

Unrealized depreciation on futures contracts

$

2,227,435

$

648,045

(a)

Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.

Fair Value of Derivative Instruments, as of June 30, 2025

Asset Derivatives

Liability Derivatives

Derivatives

Combined Statements of
Assets and Liabilities

Fair Value

Combined Statements of
Assets and Liabilities

Fair Value

Total^(a)

Dry Bulk Index Rates Market Risk

Unrealized appreciation on futures contracts

$

1,932,930

Unrealized depreciation on futures contracts

$

2,794,420

$

861,490

(a)

Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.

Fair Value of Derivative Instruments, as of December 31, 2025

Asset Derivatives

Liability Derivatives

Derivatives

Combined Statements of
Assets and Liabilities

Fair Value

Combined Statements of
Assets and Liabilities

Fair Value

Total^(a)

Crude Oil Tanker Index Rates Market Risk

Unrealized appreciation on futures contracts

$

8,920

Unrealized depreciation on futures contracts

$

388,600

$

379,680

(a)	Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.

Fair Value of Derivative Instruments, as of June 30, 2025

Asset Derivatives

Liability Derivatives

Derivatives

Combined Statements of
Assets and Liabilities

Fair Value

Combined Statements of
Assets and Liabilities

Fair Value

Total^(a)

Crude Oil Tanker Index Rates Market Risk

Unrealized appreciation on futures contracts

$

4,464

Unrealized depreciation on futures contracts

$

65,367

$

60,903

(a)	Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.

Schedule of Effect of Derivative Instruments on the Combined Statements of Operations

For the Three Months Ended December 31, 2025

Derivatives		Location of Gain (Loss) on Derivatives		Realized Gain on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Dry Bulk Index Rates Market Risk		Net realized gain on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	5,395,507			$	276,975

For the Three Months Ended December 31, 2024 (Unaudited)

Derivatives		Location of Gain (Loss) on Derivatives		Realized Loss on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Dry Bulk Index Rates Market Risk		Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	(9,194,227	)		$	(2,196,210	)

For the Six Months Ended December 31, 2025

Derivatives		Location of Gain (Loss) on Derivatives		Realized Gain on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Dry Bulk Index Rates Market Risk		Net realized gain on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	27,482,465			$	213,445

For the Six Months Ended December 31, 2024

Derivatives		Location of Gain (Loss) on Derivatives		Realized Loss on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Dry Bulk Index Rates Market Risk		Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	(14,038,246	)		$	(1,513,760	)

For the Three Months Ended December 31, 2025

Derivatives		Location of Gain (Loss) on Derivatives		Realized Gain on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Crude Oil Tanker Index Rates Market Risk		Net realized gain on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	1,300,488			$	(535,874	)

For the Three Months Ended December 31, 2024 (Unaudited)

Derivatives		Location of Gain (Loss) on Derivatives		Realized Loss on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Crude Oil Tanker Index Rates Market Risk		Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	(728,787	)		$	(34,492	)

For the Six Months Ended December 31, 2025

Derivatives		Location of Gain (Loss) on Derivatives		Realized Gain on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Crude Oil Tanker Index Rates Market Risk		Net realized gain on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	1,605,969			$	(318,777	)

For the Six Months Ended December 31, 2024 (Unaudited)

Derivatives		Location of Gain (Loss) on Derivatives		Realized Loss on Derivatives Recognized in Income				Change in Unrealized Gain (Loss) on Derivatives Recognized in Income
Crude Oil Tanker Index Rates Market Risk		Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts		$	(1,021,428	)		$	(68,970	)