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Combined Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Investment Income        
Interest $ 118,917 $ 17,763 $ 252,793 $ 30,106
Expenses        
Sponsor fee 21,575 4,622 40,956 42,430
CTA fee 19,207 17,060 83,810 46,460
Audit fees 34,904 20,857 77,527 62,026
Tax preparation fees 27,826 6,164 40,428 56,574
Admin/accounting/custodian/transfer agent fees 15,219 13,512 43,299 41,136
Legal fees 9,741 8,631 27,387 26,277
Printing and postage expenses 6,904 5,548 19,939 16,890
Chief Compliance Officer fees 6,780 1,541 9,932 14,143
Principal Financial Officer fees 6,780 1,541 9,932 14,143
Regulatory reporting fees 6,780 1,541 9,932 14,143
Brokerage commissions 16,408 7,718 35,305 19,688
Distribution fees 4,721 3,699 13,539 11,465
Insurance expense 4,069 3,699 11,629 11,259
Listing & calculation agent fees 3,354 2,860 9,706 8,706
Other expenses 5,652 3,736 16,525 11,374
Wholesale support fees 9,763 3,412 22,683 9,287
Total Expenses 199,683 106,141 472,529 406,001
Less: Waiver of Sponsor fee (18,493)   (18,493)  
Less: Waiver of CTA fee (1,095) (17,060) (50,548) (46,460)
Less: Expenses absorbed by Sponsor (70,485) (30,181) (81,171) (200,471)
Net Expenses 109,610 58,900 322,317 159,070
Net Investment Income (Loss) 9,307 (41,137) (69,524) (128,964)
Net Realized Gain (Loss) on        
Investments, futures and options contracts 1,668,846 147,281 2,183,870 521,605
Change in Unrealized Gain (Loss) on        
Futures and options contracts (1,004,995) (357,457) (720,335) (3,057)
Net realized and unrealized gain (loss) 663,851 (210,176) 1,463,535 518,548
Net income (loss) 673,158 (251,313) 1,394,011 389,584
SIT RISING RATE ETF [Member]        
Investment Income        
Interest 117,856 17,763 251,732 30,106
Expenses        
Sponsor fee 18,493 4,622 37,874 42,430
CTA fee 18,112 17,060 82,715 46,460
Audit fees 21,304 20,857 63,927 62,026
Tax preparation fees 24,657 6,164 37,259 56,574
Admin/accounting/custodian/transfer agent fees 13,735 13,512 41,815 41,136
Legal fees 8,631 8,631 26,277 26,277
Printing and postage expenses 6,411 5,548 19,446 16,890
Chief Compliance Officer fees 6,164 1,541 9,316 14,143
Principal Financial Officer fees 6,164 1,541 9,316 14,143
Regulatory reporting fees 6,164 1,541 9,316 14,143
Brokerage commissions 10,000 7,718 28,897 19,688
Distribution fees 4,314 3,699 13,132 11,465
Insurance expense 3,699 3,699 11,259 11,259
Listing & calculation agent fees 3,107 2,860 9,459 8,706
Other expenses 5,159 3,736 16,032 11,374
Wholesale support fees 9,056 3,412 21,976 9,287
Total Expenses 165,170 106,141 438,016 406,001
Less: Waiver of Sponsor fee (18,493)   (18,493)  
Less: Waiver of CTA fee (17,060) (49,453) (46,460)
Less: Expenses absorbed by Sponsor (46,118) (30,181) (56,804) (200,471)
Net Expenses 100,559 58,900 313,266 159,070
Net Investment Income (Loss) 17,297 (41,137) (61,534) (128,964)
Net Realized Gain (Loss) on        
Investments, futures and options contracts 1,668,846 147,281 2,183,870 521,605
Change in Unrealized Gain (Loss) on        
Futures and options contracts (652,845) (357,457) (368,185) (3,057)
Net realized and unrealized gain (loss) 1,016,001 (210,176) 1,815,685 518,548
Net income (loss) 1,033,298 (251,313) 1,754,151 389,584
BREAKWAVE DRY BULK SHIPPING ETF [Member]        
Investment Income        
Interest 1,061 1,061
Expenses        
Sponsor fee 3,082 3,082
CTA fee 1,095 1,095
Audit fees 13,600 13,600
Tax preparation fees 3,169 3,169
Admin/accounting/custodian/transfer agent fees 1,484 1,484
Legal fees 1,110 1,110
Printing and postage expenses 493 493
Chief Compliance Officer fees 616 616
Principal Financial Officer fees 616 616
Regulatory reporting fees 616 616
Brokerage commissions 6,408 6,408
Distribution fees 407 407
Insurance expense 370 370
Listing & calculation agent fees 247 247
Other expenses 493 493
Wholesale support fees 707 707
Total Expenses 34,513 34,513
Less: Waiver of Sponsor fee    
Less: Waiver of CTA fee (1,095) (1,095)
Less: Expenses absorbed by Sponsor (24,367) (24,367)
Net Expenses 9,051 9,051
Net Investment Income (Loss) (7,990) (7,990)
Net Realized Gain (Loss) on        
Investments, futures and options contracts
Change in Unrealized Gain (Loss) on        
Futures and options contracts (352,150) (352,150)
Net realized and unrealized gain (loss) (352,150) (352,150)
Net income (loss) $ (360,140) $ (360,140)