BWET

Breakwave Tanker Shipping ETF

Fund Details

Data as of: N/A
TickerBWET™
Inception
05/03/2023
Primary ExchangeNYSE Arca
CUSIP03210A206
Net AssetsN/A
Shares OutstandingN/A
# of Holdings (view all holdings)N/A
Expense Ratio:3.50%2

Index Details

Index Name Breakwave Tanker Futures Index
Index Ticker BWETFF
Index Provider Breakwave Advisors LLC
Weighting Methodology Proprietary
Rebalance Frequency Annual
Index Website breakwaveadvisors.com

Why Invest in BWET?

  • The first and only freight futures exchange-traded product exclusively focused on crude oil tanker freight rates.1
  • Strives to profit from increases in oil freight futures beyond what is already priced in the market.
  • A pure play exposure to crude oil tanker shipping, an instrumental part of the global energy commodity market, uncorrelated to other major assets.

Objective and Strategy

The Breakwave Tanker Shipping ETF (BWET) is an exchange-traded fund (ETF) designed to reflect the daily price movements of indices that track the future cost of transporting crude oil. BWET offers investors unlevered exposure to oil tanker futures without the need for a futures account.

NAV and Market Price

Data as of: N/A
Previous Day's NAV Previous Day's Market Price
Net Asset Value N/A Closing Price N/A
Daily Change N/A Daily Change N/A
% Daily Change N/A % Daily Change N/A
30-Day Median Bid/Ask Spread N/A Premium/Discount % N/A

Daily Price/NAV Performance

Data as of: N/A
 

Fund Holdings

Data as of: N/A
TOP 10 HOLDINGS

Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.

Thematic Allocation

Data as of: N/A

Country Allocation

Data as of: N/A

Market Capitalization

Data as of: N/A
LARGE CAP (> $10B): N/A
MID CAP ($2B - $10B): N/A
SMALL CAP ($300M - < $2B): N/A

Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.

Performance

  CUMULATIVE (%) ANNUALIZED (%)  
  1 Mo. 3 Mo. 6 Mo. YTD Since Inception
(05/03/23)
1 Yr. 3 Yr. 5 Yr. Since Inception
(05/03/23)
Month end as of TBD
Fund NAV N/A N/A N/A N/A N/A N/A N/A N/A N/A
Closing Price N/A N/A N/A N/A N/A N/A N/A N/A N/A
Quarter end as of TBD
Fund NAV N/A N/A N/A N/A N/A N/A N/A N/A N/A
Closing Price N/A N/A N/A N/A N/A N/A N/A N/A N/A

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Brokerage commissions will reduce returns. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price or market price is the most recent price at which the fund was traded.

Premium/Discount

Data as of: N/A
 

The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund's daily net asset value ("NAV"). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.

Calendar Year Calendar Year through
Days traded at premium N/A N/A
Days traded at net asset value N/A N/A
Days traded at discount N/A N/A

BWET Distributions

EX-DATERECORD DATEPAYABLE DATEAMOUNT

2016

2017

2018

2019

2020

2021

2022

2023

2024

03/26/24 03/27/24 03/28/24
06/27/24 06/27/24 06/28/24
09/27/24 09/27/24 09/30/24
12/30/24 12/30/24 12/31/24

There is no guarantee that distributions will be made.

1First-to-market claim is based on a review of industry data as of May 3, 2023. No information to the contrary has come to our attention to date, for more information or inquiries about this claim, please contact info@amplifyetfs.com

The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

An investment in the Fund involves significant risks. You could lose all or part of your investment in the Fund, and the Fund’s performance could trail that of other investments. The value of the Shares of the Fund relates directly to the value of, and realized profit or loss from, the Freight Futures and other assets held by the Fund, and fluctuations in price could materially affect the Fund’s shares. Investments in freight futures typically fluctuate in value with changes in spot charter rates. Charter rates for dry bulk vessels are volatile and have declined significantly since their historic highs and may remain at low levels or decrease further in the future. The Fund will not take defensive positions to protect against declining freight rates, which could cause a decline to the value of the Fund’s shares.

Although the Fund’s shares are listed and traded on the NYSE Arca, there can be no guarantee that an active trading market for the shares will be maintained. If an investor needs to sell shares at a time when no active trading market for them exists, the price the investor receives upon sale of the shares, assuming they were able to be sold, likely would be lower than if an active market existed.

Breakwave Advisors LLC (“Breakwave”) is a registered “commodity trading advisor” with the NFA and will act as such for the Fund. Breakwave specializes in shipping and freight investments.

On December 28, 2023, ETF Managers Capital LLC, as the sponsor of ETF Managers Group Commodity Trust I, entered into an agreement to resign as sponsor to the trust and transfer its role as the sponsor to Amplify Investments LLC, effective soon after necessary regulatory approval of the transfer. Amplify will serve as the new sponsor of the Trust, which consist of two series: Breakwave Dry Bulk Shipping ETF (BDRY) and the Breakwave Tanker Shipping ETF (BWET).

ETF Managers Capital LLC serves as the “commodity pool operator” to the Fund and is registered in such capacity with the NFA.

ETF Managers Capital LLC is a wholly owned subsidiary of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG is not affiliated with Breakwave Advisors LLC.

1First-to-market claim is based on a review of industry data as of May 3, 2023. No information to the contrary has come to our attention to date, for more information or inquiries about this claim, please contact info@amplifyetfs.com

2Breakwave has agreed to waive its fee and the Sponsor has agreed to assume the Fund’s Other Expenses (which term excludes brokerage fees, interest expenses, and extraordinary expenses) so that the Fund’s total annual expenses do not exceed 3.50% per annum through March 31, 2025 after which the expense limitation may be terminated and Fund shareholders may incur expenses higher than 3.50% annually, perhaps significantly higher.

The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

An investment in the Fund involves significant risks. You could lose all or part of your investment in the Fund, and the Fund’s performance could trail that of other investments.

The Fund invests solely in Freight Futures. Such concentration may result in a high degree of volatility in the net asset value of the Fund under specific market conditions and over time. Futures are speculative, and the value of the Shares of the Fund relates directly to the value of, and realized profit or loss from, the Freight Futures and other assets held by the Fund, and fluctuations in price could materially affect the Fund’s shares.

Investments in freight futures typically fluctuate in value with changes in spot charter rates. Charter rates for tanker vessels are volatile and although they have increased from historically low levels, there is no guarantee that shipping rates for crude and refined products will remain at such elevated levels. The Fund will not take defensive positions to protect against declining freight rates, which could cause a decline to the value of the Fund’s shares.

Although the Fund’s shares are listed and traded on the NYSE Arca, there can be no guarantee that an active trading market for the shares will be maintained. If an investor needs to sell shares at a time when no active trading market for them exists, the price the investor receives upon sale of the shares, assuming they were able to be sold, likely would be lower than if an active market existed.

Breakwave Advisors LLC (“Breakwave”) is a registered “commodity trading advisor” with the NFA and will act as such for the Fund. Breakwave specializes in shipping and freight investments.

Amplify Investments LLC, the Sponsor, serves as the “commodity pool operator” to the Fund and is registered in such capacity with the NFA.

Amplify ETFs are distributed by Foreside Fund Services, LLC.

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