v3.26.3
Net Asset Value and Financial Highlights (Tables)
 12 Months Ended
Jun. 30, 2026
Net Asset Value and Financial Highlights [Abstract]  
Schedule of Net Asset Value The total return is based on the change in net asset value and market value of the Shares during the period. An individual investor’s return and ratios may vary based on the timing of their transactions in Fund Shares.

 

    BREAKWAVE DRY BULK     BREAKWAVE TANKER  
    SHIPPING ETF     SHIPPING ETF  
    For the Year Ended
June 30,		     For the Year Ended
June 30,		  
    2026     2025     2026     2025  
                         
Net Asset Value                        
Net asset value per Share, beginning of period   $ 5.63     $ 12.13     $ 10.63     $ 16.69  
Net investment loss*     (0.11 )     (0.08 )     (1.53 )     (0.20 )
Net realized and unrealized gain (loss)     6.60       (6.42 )     141.95       (5.86 )
Net Income (Loss)     6.49       (6.50 )     140.42       (6.06 )
Net Asset Value per Share, end of period   $ 12.12     $ 5.63     $ 151.05     $ 10.63  
Market Value per Share, end of period   $ 11.87     $ 5.55     $ 148.38     $ 10.64  
Ratios to Average Net Assets**                                
Expense Ratio     4.12 %     4.61 %     4.68 %     5.10 %
Expense Ratio**** before Waiver/Assumption     4.19 %     4.55 %     6.34 %     25.64 %
Net Investment Loss after waiver     (1.17 )%     (1.16 )%     (2.02 )%     (1.57 )%
Total Return, at Net Asset Value***     115.48 %     (53.62 )%     1320.79 %     (36.30 )%
Total Return, at Market Value***     113.87 %     (54.66 )%     1293.88 %     (36.60 )%
* 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