AAAmplify Commodity Trust Breakwave Dry Bulk Shipping ETF
6.25USDR
−0.11−1.73%
Last update at Mar 31, 21:12 GMT
6.85USD
+0.60+9.60%
No tradesPre-marketLast update at 09:15 GMT
Key stats
About Amplify Commodity Trust Breakwave Dry Bulk Shipping ETF
Home page
Inception date
Mar 22, 2018
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Amplify Investments LLC
Distributor
ETFMG Financial LLC
BDRY is the first ETP to provide exposure to freight futures. Dry bulk shipping is an instrumental part of the global commodity market, and uncorrelated with other major asset classes historically. Dry bulk carrier transport unpackaged dry cargo, such as iron ore, coal, and grain - distinct from tankers and containerized cargo ships. BDRY provides exposure to the charter rate for dry bulk shipping by holding near-dated freight futures contracts on three dry bulk indices. The portfolio uses a fixed weighting scheme, rebalanced annually, based on the cargo ships size category - Capesize freight futures contracts get 50% weight, Panamax contracts 40%, and Supramax contracts 10%. As futures are always an imperfect proxy for spot prices, and the freight futures market is often in contango, long-term holdings are subject to position decay. BDRY is structured as a commodities pool, so expect a K-1 at tax time and long-term holders will be taxed on any gains even without selling shares.
Classification
Returns
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| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund55.43%
Cash44.57%
Top 10 holdings
Symbol
Assets
S
Short Term Investments Trust Government & Agency Portfolio Institutional
55.43%
U
U.S. Dollar
44.57%
Top 10 weight100.00%
2 total holdings