Amplify Commodity Trust has reported significant financial performance for the fiscal year ending June 30, 2026, with a net income of $79.2 million, a substantial increase from a net loss of $17.5 million in the previous year. The Breakwave Dry Bulk Shipping ETF (BDRY) and Breakwave Tanker Shipping ETF (BWET) both contributed to this turnaround, with BDRY achieving a net income of $40.4 million and BWET generating $38.8 million. The net asset value (NAV) per share for BDRY rose to $12.12, reflecting a 115.48% increase, while BWET's NAV surged to $151.05, marking a 1,320.79% increase compared to the previous fiscal year.

The fiscal year saw a notable shift in share trading activity, with BDRY shares trading at an average price of $11.87, up from $5.55 the previous year, and BWET shares reaching an average price of $148.38, up from $10.64. The total number of shares redeemed for BDRY was 13 million, while BWET saw 1.075 million shares redeemed. This redemption activity reflects a broader trend of increased investor engagement and market interest in the funds, particularly in light of the strong performance of the underlying freight futures.

Strategically, Amplify Commodity Trust underwent a significant transition with the change of its sponsor from ETF Managers Capital LLC to Amplify Investments LLC, effective February 14, 2024. This transition included a rebranding of the trust and its funds, which is expected to enhance operational efficiency and market presence. The funds are managed by Breakwave Advisors LLC, which has been instrumental in maintaining the benchmark portfolios for both BDRY and BWET.

Operationally, the funds have seen increased engagement metrics, with BDRY having approximately 4,630 holders of shares and BWET having around 401 holders as of June 30, 2026. The average monthly trading volume for BDRY was approximately 840 contracts, while BWET averaged 311 contracts, indicating robust trading activity. The funds' assets under management totaled approximately $52.7 million, with significant cash reserves held as collateral for futures contracts.

Looking ahead, Amplify Commodity Trust remains cautiously optimistic about the future, acknowledging the potential for volatility in the freight markets due to geopolitical factors and economic conditions. The ongoing U.S.-Iran conflict and its impact on oil transportation, as well as broader economic uncertainties, will be closely monitored. The trust has committed to maintaining its expense caps and managing operational costs effectively to support continued growth and investor returns.

About Amplify Commodity Trust

Amplify Commodity Trust manages exchange-traded funds that provide exposure to dry bulk and crude oil tanker freight futures. Its core business involves tracking and investing in futures contracts on shipping rates, offering market participants a way to gain commodity market exposure. The trust operates through registered commodity pools, utilizing exchange-cleared futures, with a focus on transparency, liquidity, and regulatory compliance.

This description was generated via AI from an annual report. Updated about 1 year ago.

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