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Combined Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows provided by (used in) operating activities    
Net income (loss) $ 1,121,169 $ (2,279,938)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments (85,453) 890,946
Change in net unrealized loss (gain) on investments (1,034,836) 1,645,088
Change in operating assets and liabilities:    
Sale (purchase) of investments, net 8,041,466 (11,377,976)
Decrease in interest receivable 4,247 1,982
Decrease in segregated cash held by broker 1,127,571 (677,601)
Increase (decrease) in receivable on open futures contracts 375,537 180,930
Decrease in options written, at fair value (13,430) 33,580
Increase (decrease) in payable on open futures contracts (221,332) 1,406,708
Decrease in due to Sponsor (11,408) 12,585
Decrease in other liabilities (1,218) (3,189)
Net cash provided by (used in) operating activities 9,302,313 (10,166,885)
Cash flows from financing activities    
Proceeds from sale of shares 1,151,130 24,297,005
Paid on redemption of shares (10,453,443) (14,163,400)
Net cash provided by (used in) financing activities (9,302,313) 10,133,605
Net increase (decrease) in cash (33,280)
Cash, beginning of period 33,280
Cash, end of period
SIT RISING RATE ETF    
Cash flows provided by (used in) operating activities    
Net income (loss) 152,003 (1,766,906)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments 252,728 456,707
Change in net unrealized loss (gain) on investments (368,231) 1,611,508
Change in operating assets and liabilities:    
Sale (purchase) of investments, net 6,492,287 (11,463,712)
Decrease in interest receivable 254 (1,140)
Decrease in segregated cash held by broker 162,985 (571,594)
Increase (decrease) in receivable on open futures contracts (15,878) 180,930
Decrease in options written, at fair value (13,430)
Increase (decrease) in payable on open futures contracts (326,457) 1,406,708
Decrease in due to Sponsor (4,595) 13,894
Decrease in other liabilities
Net cash provided by (used in) operating activities 6,331,666 (10,133,605)
Cash flows from financing activities    
Proceeds from sale of shares 24,297,005
Paid on redemption of shares (6,331,666) (14,163,400)
Net cash provided by (used in) financing activities (6,331,666) 10,133,605
Net increase (decrease) in cash
Cash, beginning of period
Cash, end of period
BREAKWAVE DRY BULK SHIPPING ETF    
Cash flows provided by (used in) operating activities    
Net income (loss) 969,166 (513,032)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments (338,181) 434,239
Change in net unrealized loss (gain) on investments (666,605) 33,580
Change in operating assets and liabilities:    
Sale (purchase) of investments, net 1,549,179 85,736
Decrease in interest receivable 3,993 3,122
Decrease in segregated cash held by broker 964,586 (106,007)
Increase (decrease) in receivable on open futures contracts 391,415
Decrease in options written, at fair value 33,580
Increase (decrease) in payable on open futures contracts 105,125
Decrease in due to Sponsor (6,813) (1,309)
Decrease in other liabilities (1,218) (3,189)
Net cash provided by (used in) operating activities 2,970,647 (33,280)
Cash flows from financing activities    
Proceeds from sale of shares 1,151,130
Paid on redemption of shares (4,121,777)
Net cash provided by (used in) financing activities (2,970,647)
Net increase (decrease) in cash (33,280)
Cash, beginning of period 33,280
Cash, end of period