Amplify Commodity Trust reported its financial results for the three and nine months ended March 31, 2025, revealing significant changes in its performance compared to the previous fiscal period. For the three months, the Trust generated a net income of $5.9 million, a decrease from $9.4 million in the same period last year. The net asset value (NAV) per share for the Breakwave Dry Bulk Shipping ETF (BDRY) increased to $6.34 from $6.04, while the Breakwave Tanker Shipping ETF (BWET) saw its NAV rise to $10.89 from $9.88. However, both funds experienced a decline in market value over the nine-month period, with BDRY's market value dropping 48.94% and BWET's by 35.02%.
The Trust's total assets as of March 31, 2025, amounted to $64.2 million, up from $42.5 million a year earlier. This increase was primarily driven by a rise in investments in securities, which reached $35.4 million, compared to $9.4 million in the previous year. The Trust's liabilities also increased, totaling $1.1 million, reflecting a rise in accrued expenses and payables related to fund shares redeemed. The overall net assets for the Trust stood at $63.1 million, a significant increase from $41.2 million a year prior.
Strategically, the Trust underwent a significant change in sponsorship, transitioning from ETF Managers Capital LLC to Amplify Investments LLC in February 2024. This change is expected to enhance the management and operational efficiency of the Trust. Additionally, the Trust has maintained its focus on futures contracts related to dry bulk and tanker shipping, with BDRY and BWET continuing to track their respective benchmark portfolios closely.
Operationally, BDRY's share count increased by 4.9 million shares during the quarter, while BWET's share count remained stable with 125,100 shares outstanding. The Trust's engagement metrics indicate a growing interest in its funds, with BDRY's market value per share reaching a high of $7.14 during the quarter. However, the overall market conditions remain volatile, influenced by geopolitical factors and fluctuations in freight rates.
Looking ahead, the Trust anticipates continued challenges due to market volatility and geopolitical tensions affecting shipping rates. The management remains focused on optimizing the funds' performance while navigating these external pressures. The Trust's expense ratios for BDRY and BWET were reported at 4.60% and 5.14%, respectively, for the three months ended March 31, 2025, reflecting the ongoing efforts to manage operational costs effectively.
About Amplify Commodity Trust
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.