Amplify Commodity Trust Breakwave Tanker Shipping ETFAmplify Commodity Trust Breakwave Tanker Shipping ETFAmplify Commodity Trust Breakwave Tanker Shipping ETF

Amplify Commodity Trust Breakwave Tanker Shipping ETF

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Key stats


Assets under management (AUM)
‪1.46 M‬USD
Fund flows (1Y)
‪108.61 K‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−3.1%

About Amplify Commodity Trust Breakwave Tanker Shipping ETF


Issuer
Exchange Traded Managers Group LLC
Brand
Breakwave
Expense ratio
3.50%
Home page
Inception date
May 3, 2023
Index tracked
Breakwave Wet Freight Futures Index
Management style
Passive
BWET is the first oil tanker shipping ETF. Oil tanker shipping is an instrumental part of the global commodity market and is historically uncorrelated with other major asset classes. BWET provides exposure to the charter rate for shipping crude oil by holding near-dated freight futures contracts on two oil tanker indexes based on cargo ship size category and specific routes. The fund uses a fixed weighting scheme, rebalanced annually, that allocates 90% to TD3C VLCC (Very Large Crude Carrier) contracts and 10% to TD20 Suezmax contracts. As futures are always an imperfect proxy for spot prices and the freight futures market is often in contango, long-term holdings are subject to position decay. BWET is structured as a commodities pool so investors can expect a K-1 at tax time and long-term holders will be taxed on any gains even without selling shares. The fund is only intended to be used as a diversification opportunity and is not a complete investment program.

Classification


Asset Class
Commodities
Category
Broad market
Focus
Broad market
Niche
Laddered
Strategy
Laddered
Weighting scheme
Fixed
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 6, 2024
Exposure type
Bonds, Cash & Other
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash66.85%
Mutual fund62.21%
Rights & Warrants−0.46%
Miscellaneous−28.61%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows