XML 47 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Details) - USD ($)
Mar. 31, 2021
Jun. 30, 2020
Short-Term Investments   $ 12,866,631
Written Options Contracts   (4,148)
SIT RISING RATE ETF [Member]    
Short-Term Investments   4,879,769
Written Options Contracts   (4,148)
SIT RISING RATE ETF [Member] | Fair Value, Inputs, Level 1 [Member]    
Short-Term Investments [1]   4,865,473
Purchased Options Contracts [1]   14,296
Written Options Contracts [2]   (4,148)
Futures Contracts [3]   (5,144)
Total   4,870,477
BREAKWAVE DRY BULK SHIPPING ETF [Member]    
Short-Term Investments $ 10,298,204 7,986,862
Written Options Contracts  
BREAKWAVE DRY BULK SHIPPING ETF [Member] | Fair Value, Inputs, Level 1 [Member]    
Short-Term Investments [1] 10,298,204 7,986,862
Futures Contracts [4] 2,576,110 8,581,555
Total $ 12,874,314 $ 16,568,417
[1] Included in Investments in securities in the Combined Statements of Assets and Liabilities.
[2] Included in Options Written, at fair value in the Combined Statements of Assets and Liabilities.
[3] Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.
[4] Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.