Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of balance sheet grouping

The following table summarizes BDRY's valuation of investments at March 31, 2021 and at June 30, 2020 using the fair value hierarchy:

	March 31, 2021 (unaudited)
	Short-Term Investments			Futures Contracts			Total
Level I – Quoted Prices	$	10,298,204	a	$	2,576,110	b	$	12,874,314

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities.

b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.

	June 30, 2020 (audited)
	Short-Term Investments			Futures Contracts			Total
Level I – Quoted Prices	$	7,986,862	a	$	8,581,555	b	$	16,568,417

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities.

b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.

Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2021 and the year ended June 30, 2020, BDRY recognized no transfers from Level 1, Level 2 or Level 3.

The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities.

The following tables summarize RISE's valuation of investments at June 30, 2020 using the fair value hierarchy:

	June 30, 2020 (audited)
	Short-Term Investments			Purchased Options Contracts			Written Options Contracts			Futures Contracts			Total
Level I – Quoted Prices	$	4,865,473	a	$	14,296	a	$	(4,148)	b	$	(5,144)	c	$	4,870,477

a – Included in Investments in securities in the Combined Statements of Assets and Liabilities.

b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities.

c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.

Transfers between levels are recognized at the end of the reporting period. During the year ended June 30, 2020, RISE recognized no transfers from Level 1, Level 2 or Level 3.