Fund Summary
Breakwave Dry Bulk Shipping ETF
SymbolBDRY
ExchangeNYSE ARCA
Inception3/22/2018
CUSIP26923H200
ISINUS26923H2004

Dry Bulk Weekly Commentary
Summer is Coming
Coal India Struggling to Meet Demand
Warmer Than Usual Weather
Vale Guidance Remains in Tact

About the Breakwave Dry Bulk Shipping ETF (BDRY)

The Fund’s investment objective is to provide investors with exposure to the daily change in the price of dry bulk freight futures, before expenses and liabilities of the Fund, by tracking the performance of a portfolio consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes that measure rates for shipping dry bulk freight.

The Fund was created to provide investors with a cost-effective and convenient way to gain exposure to daily changes in the price of freight futures. The Fund is intended to be used as a diversification opportunity as part of a complete portfolio, and is not designed for all investors.

Freight futures can be volatile, which could result in large fluctuations in the price of the Fund’s shares and should be monitored consistently by investors.

The Fund is not a mutual fund registered under the Investment Company Act of 1940 and is not subject to regulation thereunder.

BDRY Presentations

An Overview of the Dry Bulk Shipping Industry
BDRY Investment Strategy