Fund Summary
Breakwave Dry Bulk Shipping ETF

Dry Bulk Weekly Commentary
Miniscule Growth in Capesize Fleet
Chinese Steel Production Remains Fairly Independent
Contraction in Indian Coal Production
Lower Growth in Chinese Electricity Consumption

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.

Biweekly Dry Bulk Shipping Report

June 11, 2019
May 28, 2019
May 14, 2019
April 30, 2019
April 16, 2019
April 2, 2019
March 19, 2019
March 5, 2019
February 19, 2019
February 5, 2019
January 22, 2019
January 8, 2019
December 18, 2018
December 4, 2018
November 20, 2018
November 6, 2018
October 23, 2018
October 9, 2018
September 25, 2018
September 11, 2018
August 28, 2018
August 14, 2018
July 31, 2018
July 17, 2018
July 3, 2018


BDRY Presentations

An Overview of the Dry Bulk Shipping Industry
BDRY Investment Strategy