ETF Managers Group Commodity Tr (BWET) 10-Q15 May 202020 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	May 01, 2020
Entity Registrant Name	ETF Managers Group Commodity Trust I
Entity Central Index Key	0001610940
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Entity File Number	001-36851
Entity Incorporation State Country Code	DE
Sit Rising Rate ETF
Entity Common Stock, Shares Outstanding		250,040
Breakwave Dry Bulk Shipping ETF
Entity Common Stock, Shares Outstanding		3,800,040

Combined Statements of Assets a

Combined Statements of Assets and Liabilities - USD ($)	Mar. 31, 2020	Jun. 30, 2019
Assets
Investment in securities, at fair value	$ 7,430,127	$ 13,005,522
Interest receivable	2,180	6,257
Segregated cash held by broker	15,427,374	3,197,026
Receivable for Fund shares sold	3,247,950	391,415
Total assets	26,107,631	16,600,220
Liabilities
Options written, at fair value	18,867	19,336
Payable on open futures contracts	2,376,354	326,457
Due to Sponsor	45,727	21,550
Other liabilities	14,146	4,466
Total liabilities	2,455,094	371,809
Net Assets	23,652,537	16,228,411
SIT RISING RATE ETF
Assets
Investment in securities, at fair value	4,873,652	11,909,897
Interest receivable	26	436
Segregated cash held by broker	683,353	365,460
Receivable for Fund shares sold
Total assets	5,557,031	12,275,793
Liabilities
Options written, at fair value	18,867	19,336
Payable on open futures contracts	400,059	326,457
Due to Sponsor	4,434	9,851
Other liabilities
Total liabilities	423,360	355,644
Net Assets	$ 5,133,671	$ 11,920,149
Shares outstanding (unlimited authorized)	250,040	525,040
Net asset value per share	$ 20.53	$ 22.7
Market value per share	$ 20.53	$ 22.73
BREAKWAVE DRY BULK SHIPPING ETF
Assets
Investment in securities, at fair value	$ 2,556,475	$ 1,095,625
Interest receivable	2,154	5,821
Segregated cash held by broker	14,744,021	2,831,566
Receivable for Fund shares sold	3,247,950	391,415
Total assets	20,550,600	4,324,427
Liabilities
Options written, at fair value
Payable on open futures contracts	1,976,295
Due to Sponsor	41,293	11,699
Other liabilities	14,146	4,466
Total liabilities	2,031,734	16,165
Net Assets	$ 18,518,866	$ 4,308,262
Shares outstanding (unlimited authorized)	2,850,040	325,040
Net asset value per share	$ 6.50	$ 13.25
Market value per share	$ 6.39	$ 13.15

Combined Statements of Assets_2

Combined Statements of Assets and Liabilities (Parenthetical) - USD ($)	Mar. 31, 2020	Jun. 30, 2019
SIT RISING RATE ETF
Securities, at fair value	$ 4,886,901	$ 11,928,143
Options written, premiums received	8,827	16,128
BREAKWAVE DRY BULK SHIPPING ETF
Securities, at fair value	2,556,475	1,095,625
Options written, premiums received	$ 0	$ 0

Combined Schedules of Investmen

Combined Schedules of Investments		3 Months Ended		9 Months Ended
Combined Schedules of Investments		Jun. 30, 2019USD ($)Numbershares		Mar. 31, 2020USD ($)Numbershares
Investment owned, at Fair value		$ 16,228,411		$ 23,652,537
US Treasury Securities
Investment owned, at Fair value				4,848,915
Investment owned, Balance, Principal amount		11,591,734		4,848,915
BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value		4,308,262		18,518,866
BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury Securities
Investment owned, at Fair value
SIT RISING RATE ETF
Investment owned, at Fair value		11,920,149		5,133,671
SIT RISING RATE ETF \| US Treasury Securities
Investment owned, at Fair value		11,591,734		4,848,915	[1]
BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value		4,308,262		18,518,866
Futures Contracts
Value investment owned, Appreciation/(Depreciation)		81,680		(1,976,295)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(598,920)
Futures Contracts \| Baltic Capesize Time Charter Expiring May 29, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(395,195)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(246,245)
Futures Contracts \| Baltic Exchange Capesize Time Charter Expiring April 30, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(340,115)
Futures Contracts \| Baltic Exchange Capesize Time Charter Expiring May 29, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(210,460)
Futures Contracts \| Baltic Exchange Capesize Time Charter Expiring June 30, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(162,295)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019
Value investment owned, Appreciation/(Depreciation)		25,015
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019
Value investment owned, Appreciation/(Depreciation)		$ 33,835
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019
Investment owned, Balance, Contracts \| Number		45
Value investment owned, Appreciation/(Depreciation)		$ 31,945
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019
Value investment owned, Appreciation/(Depreciation)		(5,565)
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019
Value investment owned, Appreciation/(Depreciation)		5,250
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019
Value investment owned, Appreciation/(Depreciation)		$ 8,505
Futures Contracts \| Baltic Capesize Time Charter Expiring July 26, 2019
Investment owned, Balance, Contracts \| Number		40
Value investment owned, Appreciation/(Depreciation)		$ 104,930
Futures Contracts \| Baltic Capesize Time Charter Expiring August 30, 2019
Value investment owned, Appreciation/(Depreciation)		92,090
Futures Contracts \| Baltic Capesize Time Charter Expiring September 27, 2019
Value investment owned, Appreciation/(Depreciation)		95,410
Futures Contracts \| Baltic Capesize Time Charter Expiring May 29, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(56,250)
Futures Contracts \| Baltic Capesize Time Charter Expiring April 30, 2020
Value investment owned, Appreciation/(Depreciation)				(313,655)
Futures Contracts \| Baltic Capesize Time Charter Expiring June 30, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				$ 346,840
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)		$ 391,415
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2020 [Member]
Investment owned, Balance, Contracts \| Number				235
Value investment owned, Appreciation/(Depreciation)				$ (598,920)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring May 29, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				$ (395,195)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2020 [Member]
Investment owned, Balance, Contracts \| Number				210
Value investment owned, Appreciation/(Depreciation)				$ (246,245)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Capesize Time Charter Expiring April 30, 2020 [Member]
Investment owned, Balance, Contracts \| Number				35
Value investment owned, Appreciation/(Depreciation)				$ (340,115)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Capesize Time Charter Expiring May 29, 2020 [Member]
Investment owned, Balance, Contracts \| Number				95
Value investment owned, Appreciation/(Depreciation)				$ (210,460)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Capesize Time Charter Expiring June 30, 2020 [Member]
Investment owned, Balance, Contracts \| Number				95
Value investment owned, Appreciation/(Depreciation)				$ (162,295)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Supramax T/C Average Shipping Route Expiring August 30, 2019
Investment owned, Balance, Contracts \| Number				15
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring November 29, 2019
Investment owned, Balance, Contracts \| Number				210
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019
Investment owned, Balance, Contracts \| Number		45
Value investment owned, Appreciation/(Depreciation)		$ 25,015
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019
Investment owned, Balance, Contracts \| Number		45
Value investment owned, Appreciation/(Depreciation)		$ 33,835
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019
Value investment owned, Appreciation/(Depreciation)		$ 31,945
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019
Investment owned, Balance, Contracts \| Number		45
Value investment owned, Appreciation/(Depreciation)		$ (5,565)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019
Investment owned, Balance, Contracts \| Number		10
Value investment owned, Appreciation/(Depreciation)		$ 5,250
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019
Investment owned, Balance, Contracts \| Number		45
Value investment owned, Appreciation/(Depreciation)		$ 8,505
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring July 26, 2019
Investment owned, Balance, Contracts \| Number		30
Value investment owned, Appreciation/(Depreciation)		$ 104,930
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring August 30, 2019
Investment owned, Balance, Contracts \| Number		30
Value investment owned, Appreciation/(Depreciation)		$ 92,090
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring September 27, 2019
Investment owned, Balance, Contracts \| Number		30
Value investment owned, Appreciation/(Depreciation)		$ 95,410
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Supramax Average Shipping Route Expiring March 31, 2020
Value investment owned, Appreciation/(Depreciation)				$ 19,336
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Exchange Supramax Average Shipping Route Expiring January 31, 2020
Value investment owned, Appreciation/(Depreciation)				1,125
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring May 29, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(56,250)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring April 30, 2020
Value investment owned, Appreciation/(Depreciation)				(313,655)
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| Baltic Capesize Time Charter Expiring June 30, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				346,840
Short Futures Contracts
Value investment owned, Appreciation/(Depreciation)		(326,457)		(400,059)
Short Futures Contracts \| US Treasury 2 Year Note
Value investment owned, Appreciation/(Depreciation)		(144,096)		(199,694)
Short Futures Contracts \| US Treasury 5 Year Note
Value investment owned, Appreciation/(Depreciation)		(182,361)		(200,365)
Short Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Short Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury 2 Year Note
Investment owned, at Fair value
Short Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury 5 Year Note
Investment owned, at Fair value
Short Futures Contracts \| SIT RISING RATE ETF
Value investment owned, Appreciation/(Depreciation)		$ (326,457)		$ (400,059)
Short Futures Contracts \| SIT RISING RATE ETF \| US Treasury 2 Year Note
Investment owned, Balance, Contracts \| Number		106		46
Value investment owned, Appreciation/(Depreciation)		$ (144,096)		$ (200,365)
Short Futures Contracts \| SIT RISING RATE ETF \| US Treasury 5 Year Note
Investment owned, Balance, Contracts \| Number		102		55
Value investment owned, Appreciation/(Depreciation)		$ (182,361)		$ (199,694)
Purchased Options
Investment owned, at Fair value		$ 35,625		$ 16,000
Purchased Options \| US Treasury 10 Year Note
Investment owned, Balance, Contracts \| Number		40		16
Investment owned, at Fair value		$ 35,625		$ 16,000
Purchased Options \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Purchased Options \| BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury 10 Year Note
Investment owned, at Fair value
Purchased Options \| SIT RISING RATE ETF
Investment owned, at Fair value		35,625		16,000
Purchased Options \| SIT RISING RATE ETF \| US Treasury 10 Year Note
Investment owned, at Fair value		$ 35,625		16,000
Written Options Contracts \| US Treasury 5 Year Note
Investment owned, Balance, Contracts \| Number		25
Investment owned, at Fair value		$ (19,336)		19,336
Written Options Contracts \| BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury 5 Year Note
Investment owned, at Fair value
Written Options Contracts \| SIT RISING RATE ETF \| US Treasury 5 Year Note
Investment owned, Balance, Contracts \| Number		25		12
Investment owned, at Fair value		$ (19,336)		$ (13,672)
Investments
Investment owned, at Fair value		13,005,522		7,430,127
Investments \| SIT RISING RATE ETF
Investment owned, at Fair value		11,909,897		4,873,652
Investments \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value		1,249,009		2,556,475
Assets in Excess of Other Liabilities
Investment owned, at Fair value		3,222,889	[1]	16,222,410	[2]
Assets in Excess of Other Liabilities \| SIT RISING RATE ETF
Investment owned, at Fair value		10,252	[1]	260,019	[2]
Assets in Excess of Other Liabilities \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value		3,212,637	[1]	15,962,391	[2]
Money Market Funds
Investment owned, at Fair value		1,378,163		2,565,212
Money Market Funds \| First American US Treasury Obligations Fund Class X
Investment owned, at Fair value		1,095,625	[3]	2,556,475
Money Market Funds \| First American US Treasury Money Market Fund Class Z
Investment owned, at Fair value	[3]	282,538		$ 8,737
Money Market Funds \| BREAKWAVE DRY BULK SHIPPING ETF \| First American US Treasury Obligations Fund Class X
Investment owned, Balance, Shares \| shares				2,556,475
Investment owned, at Fair value				$ 2,556,475
Money Market Funds \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value		1,095,625		2,556,475
Money Market Funds \| SIT RISING RATE ETF
Investment owned, at Fair value		$ 697,615		$ 8,737
Money Market Funds \| SIT RISING RATE ETF \| First American US Treasury Money Market Fund Class Z
Investment owned, Balance, Shares \| shares		282,538		8,737	[4]
Investment owned, at Fair value		$ 282,538		$ 8,737
Money Market Funds \| BREAKWAVE DRY BULK SHIPPING ETF \| First American US Treasury Obligations Fund Class X
Investment owned, Balance, Shares \| shares		1,095,625
Investment owned, at Fair value		$ 1,095,625
Short-term Investments \| US Treasury Securities
Investment owned, at Fair value		11,591,734	[1]	4,848,915
Short-term Investments \| BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury Securities
Investment owned, at Fair value
Short-term Investments \| SIT RISING RATE ETF \| US Treasury Securities
Investment owned, at Fair value	[1]	$ 11,591,734		$ 4,848,915

[1]	All or a portion of this security is held as collateral for futures contracts and written options.
[2]	$-0- and $14,744,021, respectively, of cash is pledged as collateral for futures contracts
[3]	Annualized seven-day yield as of June 30, 2019.
[4]	Annualized seven-day yield as of March 31, 2020

Combined Schedules of Investm_2

Combined Schedules of Investments (Parenthetical) - USD ($)		3 Months Ended		9 Months Ended
Combined Schedules of Investments (Parenthetical) - USD ($)		Jun. 30, 2019		Mar. 31, 2020
SIT RISING RATE ETF
Investment owned, Percent of net assets		100.00%		100.00%
BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Percent of net assets		100.00%		100.00%
Purchased Options \| SIT RISING RATE ETF
Investment owned, Percent of net assets				(0.40%)
Purchased Options \| U.S. Treasury 10 Year Note \| SIT RISING RATE ETF
Investment owned, Subject to option, Price		$ 123.50		$ 138
Investment owned, Subject to option, Exercise dates		08/23/2019		05/22/2020
Investment owned, at cost		$ 58,883		$ 51,053
Investment owned, Percent of net assets		0.30%		0.30%
Purchased Options \| U.S. Treasury 10 Year Note \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at cost				$ 0
Investment owned, Percent of net assets		2.082%		0.00%
Written Options Contracts \| SIT RISING RATE ETF
Investment owned, Percent of net assets				0.00%
Written Options Contracts \| U.S. Treasury 5 Year Note \| SIT RISING RATE ETF
Investment owned, Subject to option, Price		$ 117.75		$ 120.25
Investment owned, Subject to option, Exercise dates		08/23/2019		05/22/2020
Investment owned premiums received		$ 16,128		$ 637
Written Options Contracts \| U.S. Treasury 5 Year Note One [Member] \| SIT RISING RATE ETF
Investment owned, Subject to option, Price				$ 124.25
Investment owned, Subject to option, Exercise dates				05/22/2020
Investment owned premiums received				$ 8,190
Short Futures Contracts \| U.S. Treasury 10 Year Note \| SIT RISING RATE ETF
Investment owned, at cost		11,586,722		4,827,111
Investment owned, Principal amount		11,700,000		4,850,000	[1]
Short Futures Contracts \| U.S. Treasury 5 Year Note \| SIT RISING RATE ETF
Investment owned, Principal amount		12,051,938		4,889,016
Short Futures Contracts \| U.S. Treasury 2 Year Note \| SIT RISING RATE ETF
Investment owned, Principal amount		22,809,047		10,798,758
Money Market Funds \| SIT RISING RATE ETF
Investment owned, at cost		$ 282,538		$ 8,737
Investment owned, Percent of net assets		1.40%		0.20%
Money Market Funds \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at cost		$ 1,095,625		$ 551,232
Investment owned, Percent of net assets		25.40%		13.80%
Money Market Funds \| First American US Treasury Money Market Fund Class Z \| SIT RISING RATE ETF
Investment owned, at cost		$ 282,538		$ 8,737
Investment owned, Percent of net assets		2.40%	[2]	0.37%	[3]
Money Market Funds \| First American US Treasury Obligations Fund Class X \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at cost		$ 1,095,625		$ 2,556,475
Investment owned, Percent of net assets		2.27%	[2]	0.32%	[3]
Investments
Investment futures contracts				$ 0
Investments \| SIT RISING RATE ETF
Investment owned, at cost		$ 11,928,143		$ 4,886,901
Investment owned, Percent of net assets		99.90%		94.90%
Investments \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at cost		$ 1,095,625		$ 2,556,475
Investment owned, Percent of net assets		25.40%		13.80%
Other Assets in Excess of Liabilities \| SIT RISING RATE ETF
Investment owned Percent of other liabilities		0.10%		5.10%	[4]
Other Assets in Excess of Liabilities \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned Percent of other liabilities		74.60%		86.20%	[4]
Short-term Investments \| SIT RISING RATE ETF
Investment owned, Percent of net assets		97.20%		94.40%
Short-term Investments \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Percent of net assets		0.00%		0.00%
Short-term Investments \| U.S. Treasury 10 Year Note \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at cost				$ 0
Investment owned, Percent of net assets	[1]			0.0763%
Futures Contracts
Investment futures contracts				$ 14,744,021
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				1,539,955
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring May 29, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				1,592,430
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				1,748,880
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring April 30, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				897,760
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring May 29, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				613,415
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring June 30, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				661,580
Futures Contracts \| Baltic Capesize Time Charter Expiring April 30, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				2,444,970
Futures Contracts \| Baltic Capesize Time Charter Expiring May 29, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				2,752,625
Futures Contracts \| Baltic Capesize Time Charter Expiring June 30, 2020 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount				$ 3,221,715
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due July 26, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		$ 489,015
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due August 30, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		497,835
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Due September 27, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		495,945
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring Due July 26, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		147,435
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring Due August 30, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		158,250
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring September 27, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		161,505
Futures Contracts \| Baltic Capesize Time Charter Expiring July 26, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		732,680
Futures Contracts \| Baltic Capesize Time Charter Expiring August 30, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		719,840
Futures Contracts \| Baltic Capesize Time Charter Expiring September 27, 2019 \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Principal amount		$ 723,160

[1]	All or a portion of this security is held as collateral for futures contracts and written options.
[2]	Annualized seven-day yield as of June 30, 2019.
[3]	Annualized seven-day yield as of March 31, 2020
[4]	$-0- and $14,726,645, respectively, of cash is pledged as collateral for futures contracts

Combined Statements of Operatio

Combined Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Combined Statements of Operations (Unaudited) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Investment Income
Interest	$ 36,923	$ 261,390	$ 131,068	$ 941,880
Expenses
Sponsor fee	49,725	50,073	150,269	160,322
CTA fee	27,930	29,579	51,307	116,421
Audit fees	35,604	37,434	107,198	113,152
Tax preparation fees	24,864	49,314	75,136	164,510
Admin/accounting/custodian/transfer agent fees	29,701	29,023	89,755	88,357
Legal fees	19,889	19,727	60,105	60,059
Printing and postage expenses	5,246	12,822	15,854	39,034
Chief Compliance Officer fees	12,373	12,328	37,535	37,532
Principal Financial Officer fees	12,373	12,328	37,535	37,532
Regulatory reporting fees	12,373	12,328	37,535	37,532
Brokerage commissions	62,528	21,356	80,820	72,311
Distribution fees	7,796	8,382	23,562	25,518
Insurance expense	7,458	7,398	22,538	22,522
Listing & calculation agent fees	6,264	6,214	18,932	18,918
Other expenses	6,334	10,091	19,142	30,721
Wholesale support fees	9,670	17,439	27,163	63,657
Interest	21		35
Total Expenses	330,149	335,836	854,421	1,088,098
Less: Waiver of Sponsor fee
Less: Waiver of CTA fee	(25,190)	(8,427)	(41,403)	(31,926)
Less: Expenses absorbed by Sponsor	(167,909)	(179,945)	(582,703)	(484,314)
Net Expenses	137,050	147,464	230,315	571,858
Net Investment Income (Loss)	(100,127)	113,926	(99,247)	370,022
Net Realized Gain (Loss) on
Investments, futures and options contracts	(2,894,956)	(3,414,702)	(2,809,503)	(4,305,648)
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts	(2,315,967)	1,267,409	(1,281,131)	(377,679)
Net realized and unrealized gain (loss)	(5,210,923)	(2,147,293)	(4,090,634)	(4,683,327)
Net income (loss)	(5,311,050)	(2,033,367)	(4,189,881)	(4,313,305)
SIT RISING RATE ETF
Investment Income
Interest	20,709	249,816	95,841	903,698
Expenses
Sponsor fee	18,647	19,252	56,351	66,489
CTA fee	2,740	21,152	9,904	84,495
Audit fees	21,889	21,304	65,913	64,378
Tax preparation fees	12,432	24,657	37,568	75,067
Admin/accounting/custodian/transfer agent fees	14,322	13,883	43,280	42,265
Legal fees	8,701	8,631	26,295	26,277
Printing and postage expenses	2,610	6,411	7,888	19,517
Chief Compliance Officer fees	6,158	6,164	18,754	18,766
Principal Financial Officer fees	6,158	6,164	18,754	18,766
Regulatory reporting fees	6,158	6,164	18,754	18,766
Brokerage commissions	1,120	11,906	3,913	47,768
Distribution fees	3,863	4,314	11,675	13,134
Insurance expense	3,729	3,699	11,269	11,261
Listing & calculation agent fees	3,132	3,107	9,466	9,459
Other expenses	2,169	4,543	6,555	13,831
Wholesale support fees	1,369	10,577	4,952	42,248
Interest	12		26
Total Expenses	115,209	171,928	351,317	572,487
Less: Waiver of Sponsor fee
Less: Waiver of CTA fee
Less: Expenses absorbed by Sponsor	(100,377)	(54,256)	(297,853)	(102,242)
Net Expenses	14,832	117,672	53,464	470,245
Net Investment Income (Loss)	5,877	132,144	42,377	433,453
Net Realized Gain (Loss) on
Investments, futures and options contracts	(167,895)	(2,457,815)	(420,623)	(2,914,522)
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts	(444,797)	1,778,789	(76,566)	167,281
Net realized and unrealized gain (loss)	(612,692)	(679,026)	(497,189)	(2,747,241)
Net income (loss)	(606,815)	(546,882)	(454,812)	(2,313,788)
BREAKWAVE DRY BULK SHIPPING ETF
Investment Income
Interest	16,214	11,574	35,227	38,182
Expenses
Sponsor fee	31,078	30,821	93,918	93,833
CTA fee	25,190	8,427	41,403	31,926
Audit fees	13,715	16,130	41,285	48,774
Tax preparation fees	12,432	24,657	37,568	89,443
Admin/accounting/custodian/transfer agent fees	15,379	15,140	46,475	46,092
Legal fees	11,188	11,096	33,810	33,782
Printing and postage expenses	2,636	6,411	7,966	19,517
Chief Compliance Officer fees	6,215	6,164	18,781	18,766
Principal Financial Officer fees	6,215	6,164	18,781	18,766
Regulatory reporting fees	6,215	6,164	18,781	18,766
Brokerage commissions	61,408	9,450	76,907	24,543
Distribution fees	3,933	4,068	11,887	12,384
Insurance expense	3,729	3,699	11,269	11,261
Listing & calculation agent fees	3,132	3,107	9,466	9,459
Other expenses	4,165	5,548	12,587	16,890
Wholesale support fees	8,301	6,862	22,211	21,409
Interest	9		9
Total Expenses	214,940	163,908	503,104	515,611
Less: Waiver of Sponsor fee
Less: Waiver of CTA fee	(25,190)	(8,427)	(41,403)	(31,926)
Less: Expenses absorbed by Sponsor	(67,532)	(125,689)	(284,850)	(382,072)
Net Expenses	122,218	29,792	176,851	101,613
Net Investment Income (Loss)	(106,004)	(18,218)	(141,624)	(63,431)
Net Realized Gain (Loss) on
Investments, futures and options contracts	(2,727,061)	(956,887)	(2,388,880)	(1,391,126)
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts	(1,871,170)	(511,380)	(1,204,565)	(544,960)
Net realized and unrealized gain (loss)	(4,598,231)	(1,468,267)	(3,593,445)	(1,936,086)
Net income (loss)	$ (4,704,235)	$ (1,486,485)	$ (3,735,069)	$ (1,999,517)

Combined Statements of Changes

Combined Statements of Changes in Net Assets (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
SIT RISING RATE ETF
Net Assets at Beginning of Period	$ 5,740,486	$ 60,141,687	$ 11,920,149	$ 51,774,988
Increase (decrease) in Net Assets from share transactions
Addition of shares				24,297,005
Redemption of shares		(30,628,345)	(6,331,666)	(44,791,745)
Net Increase in Net Assets from share transactions		(30,628,345)	(6,331,666)	(20,494,740)
Increase (decrease) in Net Assets from operations
Net investment income (loss)	5,877	132,144	42,377	433,453
Net realized gain (loss)	(167,895)	(2,457,815)	(420,623)	(2,914,522)
Change in net unrealized gain (loss)	(444,797)	1,778,789	(76,566)	167,281
Net Increase (decrease) in Net Assets from operations	(606,815)	(546,882)	(454,812)	(2,313,788)
Net Assets at End of Period	5,133,671	28,966,460	5,133,671	28,966,460
BREAKWAVE DRY BULK SHIPPING ETF
Net Assets at Beginning of Period	2,306,781	2,784,757	4,308,262	3,297,789
Increase (decrease) in Net Assets from share transactions
Addition of shares	21,611,870	1,795,803	22,763,000	1,795,803
Redemption of shares	(695,550)		(4,817,327)
Net Increase in Net Assets from share transactions	20,916,320	1,795,803	17,945,673	1,795,803
Increase (decrease) in Net Assets from operations
Net investment income (loss)	(106,004)	(18,218)	(141,624)	(63,431)
Net realized gain (loss)	(2,727,061)	(956,887)	(2,388,880)	(1,391,126)
Change in net unrealized gain (loss)	(1,871,170)	(511,380)	(1,204,565)	(544,960)
Net Increase (decrease) in Net Assets from operations	(4,704,235)	(1,486,485)	(3,735,069)	(1,999,517)
Net Assets at End of Period	18,518,866	3,094,075	18,518,866	3,094,075
Net Assets at Beginning of Period	8,047,267	62,926,444	16,228,411	55,072,777
Addition of shares	21,611,870	1,795,803	22,763,000	26,092,808
Redemption of shares	(695,550)	(30,628,345)	(11,148,993)	(44,791,745)
Net Increase in Net Assets from share transactions	20,916,320	(28,832,542)	11,614,007	(18,698,937)
Net investment income (loss)	(100,127)	113,926	(99,247)	370,022
Net realized gain (loss)	(2,894,956)	(3,414,702)	(2,809,503)	(4,305,648)
Change in net unrealized gain (loss)	(2,315,967)	1,267,409	(1,281,131)	(377,679)
Net Increase (decrease) in Net Assets from operations	(5,311,050)	(2,033,367)	(4,189,881)	(4,313,305)
Net Assets at End of Period	$ 23,652,537	$ 32,060,535	$ 23,652,537	$ 32,060,535

Combined Statements of Change_2

Combined Statements of Changes in Net Assets (Unaudited) (Parenthetical) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
SIT RISING RATE ETF
Addition during the period	0	0	0	975,000
Redemption during the period	0	1,275,000	275,000	1,850,000
BREAKWAVE DRY BULK SHIPPING ETF
Addition during the period	2,775,000	175,000	2,850,000	175,000
Redemption during the period	50,000	0	300,000	0

Combined Statements of Cash Flo

Combined Statements of Cash Flows - USD ($)	9 Months Ended
Combined Statements of Cash Flows - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Cash flows provided by (used in) operating activities
Net income (loss)	$ (4,189,881)	$ (4,313,305)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net realized loss (gain) on investments	2,809,503	4,305,648
Change in net unrealized loss (gain) on investments	1,281,131	377,679
Change in operating assets and liabilities:
Sale (purchase) of investments, net	1,484,761	17,854,599
Increase in Deposits with brokers for futures		(2,323,128)
Increase in Variation Margin on futures		(115,742)
Decrease in interest receivable	4,077	(797)
Decrease in segregated cash held by broker	(12,230,348)	3,328,612
Decrease in receivable on open futures contracts		81,680
Increase in other assets		(21,906)
Decrease in options written, at fair value	(469)	(16,953)
Increase in payable for Fund shares redeemed		4,706,340
Decrease in Variation Margin on futures		198,550
Increase (decrease) in receivable on open futures contracts	(2,856,535)
Increase (decrease) in payable on open futures contracts	2,049,897	(698,426)
Decrease in due to Sponsor	24,177	(13,954)
Increase (Decrease) in other liabilities and accrued expenses	9,680	23,100
Net cash provided by (used in) operating activities	(11,614,007)	23,371,997
Cash flows from financing activities
Proceeds from sale of shares	22,763,000	26,092,808
Paid on redemption of shares	(11,148,993)	(44,791,745)
Net cash provided by (used in) financing activities	11,614,007	(18,698,937)
Net increase (decrease) in cash		4,673,060
Cash, beginning of period		33,280
Cash, end of period		4,706,340
SIT RISING RATE ETF
Cash flows provided by (used in) operating activities
Net income (loss)	(454,812)	(2,313,788)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net realized loss (gain) on investments	420,623	2,914,522
Change in net unrealized loss (gain) on investments	76,566	(167,281)
Change in operating assets and liabilities:
Sale (purchase) of investments, net	6,539,056	19,637,714
Increase in Deposits with brokers for futures		(144,758)
Increase in Variation Margin on futures		(115,742)
Decrease in interest receivable	410	(751)
Decrease in segregated cash held by broker	(317,893)	1,386,738
Decrease in receivable on open futures contracts
Increase in other assets
Decrease in options written, at fair value	(469)	(16,953)
Increase in payable for Fund shares redeemed		4,706,340
Decrease in Variation Margin on futures
Increase (decrease) in receivable on open futures contracts
Increase (decrease) in payable on open futures contracts	73,602	(698,426)
Decrease in due to Sponsor	(5,417)	(12,824)
Increase (Decrease) in other liabilities and accrued expenses		26,289
Net cash provided by (used in) operating activities	6,331,666	25,201,080
Cash flows from financing activities
Proceeds from sale of shares		24,297,005
Paid on redemption of shares	(6,331,666)	(44,791,745)
Net cash provided by (used in) financing activities	(6,331,666)	(20,494,740)
Net increase (decrease) in cash		4,706,340
Cash, beginning of period
Cash, end of period		4,706,340
BREAKWAVE DRY BULK SHIPPING ETF
Cash flows provided by (used in) operating activities
Net income (loss)	(3,735,069)	(1,999,517)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net realized loss (gain) on investments	2,388,880	1,391,126
Change in net unrealized loss (gain) on investments	1,204,565	544,960
Change in operating assets and liabilities:
Sale (purchase) of investments, net	(5,054,295)	(1,783,115)
Increase in Deposits with brokers for futures		(2,178,370)
Increase in Variation Margin on futures
Decrease in interest receivable	3,667	(46)
Decrease in segregated cash held by broker	(11,912,455)	1,941,874
Decrease in receivable on open futures contracts		81,680
Increase in other assets		(21,906)
Decrease in options written, at fair value
Increase in payable for Fund shares redeemed
Decrease in Variation Margin on futures		198,550
Increase (decrease) in receivable on open futures contracts	(2,856,535)
Increase (decrease) in payable on open futures contracts	1,976,295
Decrease in due to Sponsor	29,594	(1,130)
Increase (Decrease) in other liabilities and accrued expenses	9,680	(3,189)
Net cash provided by (used in) operating activities	(17,945,673)	(1,829,083)
Cash flows from financing activities
Proceeds from sale of shares	22,763,000	1,795,803
Paid on redemption of shares	(4,817,327)
Net cash provided by (used in) financing activities	17,945,673	1,795,803
Net increase (decrease) in cash		(33,280)
Cash, beginning of period		33,280
Cash, end of period

Organization

Organization	9 Months Ended
Organization	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	(1) Organization ETF Managers Group Commodity Trust I (the "Trust") was organized as a Delaware statutory trust on July 23, 2014. The Trust is a series trust formed pursuant to the Delaware Statutory Trust Act and currently includes two separate series. SIT RISING RATE ETF ("RISE") is the first series of the Trust and is a commodity pool that continuously issues common shares of beneficial interest that may be purchased and sold on the NYSE Arca, Inc. stock exchange ("NYSE Arca"). The second series of the Trust, BREAKWAVE DRY BULK SHIPPING ETF ("BDRY," and together with RISE, the "Funds"), is also a commodity pool that continuously issues shares of beneficial interest that may be purchased and sold on NYSE Arca. The Funds are managed and controlled by ETF Managers Capital LLC (the "Sponsor"), a Delaware limited liability company. The Sponsor is registered with the Commodity Futures Trading Commission ("CFTC") as a "commodity pool operator" ("CPO") and is a member of the National Futures Trading Association ("NFA"). Sit Fixed Income Advisors II, LLC ("Sit"), a subsidiary of Sit Investment Associates, Inc., is registered as a "commodity trading advisor" ("CTA") with the CFTC and serves as RISE's commodity trading advisor. Breakwave Advisors, LLC ("Breakwave") is registered as a CTA with the CFTC and serves as BDRY's commodity trading advisor. RISE commenced investment operations on February 19, 2015. RISE commenced trading on NYSE Arca on February 19, 2015 and trades under the symbol "RISE." BDRY commenced investment operations on March 22, 2018. BDRY commenced trading on NYSE Arca on March 22, 2018 and trades under the symbol "BDRY." Effective January 1, 2018, Sit is paid a fee equal to 0.20% per annum of the value of RISE's average daily net assets for Sit's services as the commodity trading advisor to RISE. RISE's investment objective is to profit from rising interest rates by tracking the performance of a portfolio (the "RISE Benchmark Portfolio") consisting of exchange traded futures contracts and options on futures on 2, 5 and 10 year U.S. Treasury securities ("Treasury Instruments") weighted to achieve a targeted negative 10-year average effective portfolio duration (the "Benchmark Component Instruments"). RISE seeks to achieve its investment objective by investing in the Benchmark Component Instruments currently constituting the RISE Benchmark Portfolio. The RISE Benchmark Portfolio is maintained by Sit and will be rebalanced, reconstituted, or both, monthly (typically on the 15 th th The weighting of the Treasury Instruments constituting the Benchmark Component Instruments will be based on each maturity's duration contribution. The expected range for the duration weighted percentage of the 2 year and 5 year maturity Treasury Instruments will be from 30% to 70%. The expected range for the duration weighted percentage of the 10-year maturity Treasury Instruments will be from 5% to 25%. The relative weightings of the Benchmark Component Instruments will be shifted between maturities when there are material changes in the shape of the yield curve, for example, if the Federal Reserve began raising short term interest rates more than long term interest rates. In such an instance, Sit, which maintains the RISE Benchmark Portfolio, will elect to increase the weightings of the 2 year and reduce the weighting in the 10-year maturity. Conversely, Sit will do the opposite if the Federal Reserve began raising long term interest rates more than short term interest rates. Reconstitution and rebalancing each will occur monthly, on the 15th, except for as noted above or if there are radical changes in the yield curve such that effective duration is outside of a range from negative nine to negative 11-year average effective duration, in which case Sit will adjust the maturities of the Treasury Instruments before the next expected monthly reconstitution. The Sponsor anticipates that approximately 5% to 15% of RISE's assets will be used as payment for or collateral for Treasury Instruments. In order to collateralize its Treasury Instrument positions, RISE will hold such assets, from which it will post margin to its futures commission merchant ("FCM"), SG Americas Securities, LLC, in an amount equal to the margin required by the relevant exchange, and transfer to its FCM any additional amounts that may be separately required by the FCM. When establishing positions in Treasury Instruments, RISE will be required to deposit initial margin with a value of approximately 3% to 10% of the value of each Treasury Instrument position at the time it is established. These margin requirements are subject to change from time to time by the exchange or the FCM. On a daily basis, RISE will be obligated to pay, or entitled to receive, variation margin in an amount equal to the change in the daily settlement level of its Treasury Instruments positions. Any assets not required to be posted as margin with the FCM will be held at RISE's custodian in cash or cash equivalents, as discussed below. The RISE Benchmark Portfolio will be invested in Benchmark Component Instruments and rebalanced, as noted above to maintain a negative average effective portfolio duration of approximately 10 years. Duration is a measure of estimated price sensitivity relative to changes in interest rates. Portfolios with longer durations are typically more sensitive to changes in interest rates. For example, if interest rates rise by 1%, the market value of a security with an effective duration of 5 years would decrease by 5%, with all other factors being constant, and likewise the market value of a security with an effective duration of negative 5 years would increase by 5%, with all other factors being constant. The correlation between duration and price sensitivity is greater for securities rated investment-grade than it is for securities rated below investment-grade. Duration estimates are based on assumptions by Sit and are subject to a number of limitations. Effective duration is calculated based on historical price changes of U.S. Treasuries and Treasury Instruments held by the RISE Benchmark Portfolio, and therefore is a more accurate estimate of price sensitivity provided interest rates remain within their historical range. Investments in debt securities typically decrease in value when interest rates rise. The risk is usually greater for longer-term debt securities. When RISE purchases an option that expires "out of the money," RISE will realize a loss. RISE may not be able to invest its assets in futures and options contracts having an aggregate notional amount exactly equal to that which is required to achieve a negative 10-year average effective duration. For example, as standardized contracts, U.S. Treasury futures contracts are denominated in specific dollar amounts, and RISE's NAV and the proceeds from the sale of a Creation Basket are unlikely to be an exact multiple of the amounts of those contracts. As a result, in such circumstances, RISE may be better able to achieve the exact amount of exposure desired through the use of other investments. BDRY'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 BDRY, by tracking the performance of a portfolio (the "BDRY Benchmark Portfolio", and together with the RISE Benchmark Portfolio, the "Benchmark Portfolios") consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes (each a "Reference Index") that measure rates for shipping dry bulk freight ("Freight Futures"). Each Reference Index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. (the "Baltic Exchange") and measures the charter rate for shipping dry bulk freight in a specific size category of cargo ship – Capesize, Panamax or Supramax. The three Reference Indexes are as follows: ● Capesize ● Panamax ● Supramax The value of the Capesize 5TC Index is disseminated at 11:00 a.m., London Time and the value of the Panamax 4TC Index and the Supramax 6TC Index each is disseminated at 1:00 p.m., London Time. The Reference Index information disseminated by the Baltic Exchange also includes the components and value of each component in each Reference Index. Such Reference Index information also is widely disseminated by Reuters and/or other major market data vendors. BDRY seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the BDRY Benchmark Portfolio. The BDRY Benchmark Portfolio includes all existing positions to maturity and settles them in cash. During any given calendar quarter, the BDRY Benchmark Portfolio progressively increases its positions to the next calendar quarter three-month strip, thus maintaining constant exposure to the Freight Futures market as positions mature. The BDRY Benchmark Portfolio maintains long-only positions in Freight Futures. The BDRY Benchmark Portfolio includes a combination of Capesize, Panamax and Supramax Freight Futures. More specifically, the BDRY Benchmark Portfolio includes 50% exposure in Capesize Freight Futures contracts, 40% exposure in Panamax Freight Futures contracts and 10% exposure in Supramax Freight Futures contracts. The BDRY Benchmark Portfolio does not include and BDRY does not invest in swaps, non-cleared dry bulk freight forwards or other over-the-counter derivative instruments that are not cleared through exchanges or clearing houses. BDRY may hold exchange-traded options on Freight Futures. The BDRY Benchmark Portfolio is maintained by Breakwave and will be rebalanced annually. The Freight Futures currently constituting the BDRY Benchmark Portfolio, as well as the daily holdings of BDRY are available on BDRY's website at www.drybulketf.com. When establishing positions in Freight Futures, BDRY will be required to deposit initial margin with a value of approximately 10% to 40% of the notional value of each Freight Futures position at the time it is established. These margin requirements are established and subject to change from time to time by the relevant exchanges, clearing houses or BDRY's FCM, MacQuarie Futures USA LLC. On a daily basis, BDRY is obligated to pay, or entitled to receive, variation margin in an amount equal to the change in the daily settlement level of its Freight Futures positions. Any assets not required to be posted as margin with the FCM may be held at BDRY's custodian or remain with the FCM in cash or cash equivalents, as discussed below. BDRY was created to provide investors with a cost-effective and convenient way to gain exposure to daily changes in the price of Freight Futures. BDRY is intended to be used as a diversification opportunity as part of a complete portfolio, not a complete investment program. The Funds will incur certain expenses in connection with their operations. The Funds will hold cash or cash equivalents such as U.S. Treasuries or other high credit quality, short-term fixed-income or similar securities for direct investment or as collateral for the Treasury Instruments and for other liquidity purposes and to meet redemptions that may be necessary on an ongoing basis. These expenses and income from the cash and cash equivalent holdings may cause imperfect correlation between changes in the Funds' net asset value ("NAV") and changes in the Benchmark Portfolios, because the Benchmark Portfolios do not reflect expenses or income. The Funds seek to trade their positions prior to maturity; accordingly, natural market forces may cost the Funds while rebalancing. Each time the Funds seek to reconstitute their positions, barring movement in the underlying securities, the futures and option prices may be higher or lower. Such differences in price, barring a movement in the price of the underlying security, will constitute "roll yield" and may inhibit the Funds' ability to achieve their respective investment objective. Several factors determine the total return from investing in a futures contract position. One factor that impacts the total return that will result from investing in near month futures contracts and "rolling" those contracts forward each month is the price relationship between the current near month contract and the next month contract. The CTA will close existing positions when it determines it would be appropriate to do so and reinvest the proceeds in other positions. Positions may also be closed out to meet orders for redemption baskets.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies (a) Basis of Accounting The accompanying interim combined financial statements of the Funds have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Each Fund qualifies as an investment company for financial reporting purposes under Topic 946 of the Accounting Standard Codification of U.S. GAAP. The accompanying interim combined financial statements are unaudited, but in the opinion of management, contain all adjustments (which include normal recurring adjustments) considered necessary to present fairly the interim combined financial statements. These interim combined financial statements should be read in conjunction with RISE’s annual report on Form 10-K for the year ended June 30, 2019, RISE’s prospectus dated January 22, 2020 (the “RISE Prospectus”), BDRY’s annual report on Form 10-K for the year ended June 30, 2019 and BDRY’s prospectus dated March 13, 2020 (the “BDRY Prospectus,” and together with the RISE Prospectus, the “Prospectuses”). Interim period results are not necessarily indicative of results for a full-year period. (b) Use of Estimates The preparation of the interim combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim combined financial statements and accompanying notes. Actual results could differ from those estimates. There were no significant estimates used in the preparation of the interim combined financial statements. (c) Cash Cash, when shown in the Combined Statements of Assets and Liabilities, represents non-segregated cash with the custodian and does not include short-term investments. (d) Cash Held by Broker Sit is registered as a “commodity trading advisor” and acts as such for RISE. Breakwave is registered as a “commodity trading advisor” and acts as such for BDRY. Each Fund’s arrangement with its respective FCM requires the Fund to meet its variation margin requirement related to the price movements, both positive and negative, on futures contracts held by the Fund by keeping cash on deposit with the Commodity Brokers (as defined below). These amounts are shown as Segregated cash held by broker in the Combined Statements of Assets and Liabilities. The Funds deposit cash or United States Treasury Obligations, as applicable, with their respective FCM subject to the CFTC regulations and various exchange and broker requirements. The combination of the Funds’ deposits with their respective FCM of cash and United States Treasury Obligations, as applicable, and the unrealized gain or loss on open futures contracts (variation margin) represents the Funds’ overall equity in their respective brokerage trading account. The Funds use their cash held by their respective FCM to satisfy variation margin requirements. The Funds earn interest on their cash deposited with their respective FCM and interest income is recorded on the accrual basis. (e) Final Net Asset Value for Fiscal Period The calculation time of each Fund’s final net asset value for creation and redemption of Fund shares for the three months ended March 31, 2020 and 2019 was at 4:00 p.m. Eastern Time on March 31, 2020 and March 29, 2019, respectively. Although the Funds’ shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, the 4:00 p.m. Eastern Time represented the final opportunity to transact in creation or redemption baskets for the three months ended March 31, 2020 and 2019. Fair value per share is determined at the close of the NYSE Arca. For financial reporting purposes, each Fund values its investment positions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these interim combined financial statements differ from those used in the calculations of the Funds’ final creation/redemption NAVs at March 31, 2020 and March 29, 2019. (f) Investment Valuation Short-term investments, excluding U.S. Treasury Bills, are carried at amortized cost, which approximates fair value. U.S. Treasury Bills are valued as determined by an independent pricing service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Futures and options contracts are valued at the last settled price on the applicable exchange on which that futures and/or options contract trades. (g) Financial Instruments and Fair Value Each Fund discloses the fair value of its investments in accordance with the Financial Accounting Standards Board (“FASB”) fair value measurement and disclosure guidance which requires a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent to the Fund (observable inputs); and (2) the Fund’s own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I: Quoted prices (unadjusted) in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. Level II: Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II inputs include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III: Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following tables summarize RISE’s valuation of investments at March 31, 2020 and at June 30, 2019 using the fair value hierarchy: March 31, 2020 (unaudited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 4,857,652 a $ 16,000 a $ (18,867 )b $ (400,059) c $ 4,454,726 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2019 (audited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 11,874,272 a $ 35,625 a $ (19,336 )b $ (326,457) c $ 11,564,104 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2020 and the year ended June 30, 2019, RISE recognized no transfers from Level 1, Level 2 or Level 3. The following table summarizes BDRY’s valuation of investments at March 31, 2020 and at June 30, 2019 using the fair value hierarchy: March 31, 2020 (unaudited) Short-Term Futures Total Level I – Quoted Prices $ 2,556,475 a $ (1,976,295) b $ 580,180 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2019 (audited) Short-Term Futures Total Level I – Quoted Prices $ 1,095,625 a $ 391,415 b $ 1,487,040 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2020 and the year ended June 30, 2019, BDRY recognized no transfers from Level 1, Level 2 or Level 3. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. (h) Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis, and marked to market daily. Unrealized gain/loss on open futures contracts is reflected in Receivable/Payable on open futures contracts in the Combined Statements of Assets and Liabilities and the change in the unrealized gain/loss between periods is reflected in the Combined Statements of Operations. RISE’s discounts on short-term securities purchased are accreted daily and reflected as Interest Income, when applicable, in the Combined Statements of Operations. BDRY’s interest earned on short-term securities and on cash deposited with MacQuarie Futures USA LLC are accrued daily and reflected as Interest Income, when applicable, in the Combined Statements of Operations. (i) Federal Income Taxes Each Fund is registered as a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, the Funds do not expect to incur U.S. federal income tax liability; rather, each beneficial owner is required to take into account their allocable share of the Funds’ income, gain, loss, deductions and other items for the Funds’ taxable year ending with or within the beneficial owner’s taxable year. Management of the Funds has reviewed the open tax years and major jurisdictions and concluded that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken in future tax returns at March 31, 2020 and June 30, 2019. The Funds are also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. On an ongoing basis, management will monitor its tax positions taken to determine if adjustments to its conclusions are necessary based on factors including, but not limited to, further implementation of guidance expected from the FASB and on-going analysis of tax law, regulation, and interpretations thereof. The Funds’ federal tax returns are subject to examination by the Internal Revenue Service for a period of three years after they are filed.

Investments

Investments	9 Months Ended
Investments	Mar. 31, 2020
Investments [Abstract]
Investments	(3) Investments (a) Short-Term Investments The Funds may purchase U.S. Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less. A portion of these investments may be used as margin for the Funds' trading in futures contracts. (b) Accounting for Derivative Instruments In seeking to achieve each Fund's investment objective, the applicable commodity trading advisor uses a mathematical approach to investing. Using this approach, the applicable commodity trading advisor determines the type, quantity and mix of investment positions that it believes in combination should produce returns consistent with the Fund's objective. All open derivative positions at March 31, 2020 and at June 30, 2019, as applicable, are disclosed in the Combined Schedules of Investments and the notional value of these open positions relative to the shareholders' capital of the Funds is generally representative of the notional value of open positions to shareholders' capital throughout the reporting periods for the Funds. The volume associated with derivative positions varies on a daily basis as the Funds transact in derivative contracts in order to achieve the appropriate exposure, as expressed in notional value, in comparison to shareholders' capital consistent with the applicable Fund's investment objective. Following is a description of the derivative instruments used by the Funds during the reporting period, including the primary underlying risk exposures. (c) Futures Contracts The Funds enter into futures contracts to gain exposure to changes in the value of the Benchmark Portfolios. A futures contract obligates the seller to deliver (and the purchaser to accept) the future cash settlement of a specified quantity and type of a treasury futures contract at a specified time and place. The contractual obligations of a buyer or seller of a treasury futures contract may generally be satisfied by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery. Upon entering into a futures contract, the Funds are required to deposit and maintain as collateral at least such initial margin as required by the exchange on which the transaction is affected. The initial margin is segregated as Cash held by broker, as disclosed in the Combined Statements of Assets and Liabilities, and is restricted as to its use. Pursuant to the futures contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the futures contract. Such receipts or payments are known as variation margin and are recorded by the Funds as unrealized gains or losses. The Funds will realize a gain or loss upon closing a futures transaction. Futures contracts involve, to varying degrees, elements of market risk (specifically treasury price risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure the Funds have in the particular classes of instruments. Additional risks associated with the use of futures contracts include imperfect correlation between movements in the price of the futures contracts and the market value of the underlying securities and the possibility of an illiquid market for a futures contract. With futures contracts, there is minimal counterparty risk to the Funds since futures contracts are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of March 31, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Value Combined Statements of Fair Value Interest Rate Risk Purchased options $ 16,000 * Payable on open futures contracts $ (400,059 )** Interest Rate Risk — — Written options, at fair value $ (18,867 )* * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of June 30, 2019 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Value Combined Statements of Fair Value Interest Rate Risk Purchased options $ 35,625 * Payable on open futures contracts $ (326,457 )** Interest Rate Risk — — Written options, at fair value $ (19,336 )* * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (167,895) $ (444,797) The futures and options contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2019. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (2,457,815 ) $ 1,778,789 The futures and options contracts open at March 31, 2019 are indicative of the activity for the three months ended March 31, 2019. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (420,623) $ (76,566) The futures and options contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (2,914,522 ) $ 167,281 The futures and options contracts open at March 31, 2019 are indicative of the activity for the nine months ended March 31, 2019. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of March 31, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Combined Statements of Fair Interest Rate Risk Payable on open futures contracts $ (1,976,295) * * Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of June 30, 2019 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Combined Statements of Fair Interest Rate Risk Receivable on open futures contracts $ 391,415 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,727,061) $ (1,871,170) The futures contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (956,887) $ (511,380 ) The futures contracts open at March 31, 2019 are indicative of the activity for the three months ended March 31, 2019. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,388,880) $ (1,204,565) The futures contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (1,391,126) $ (544,960) The futures contracts open at March 31, 2019 are indicative of the activity for the nine months ended March 31, 2019.

Agreements

Agreements	9 Months Ended
Agreements	Mar. 31, 2020
Agreements [Abstract]
Agreements	(3) Investments (a) Short-Term Investments The Funds may purchase U.S. Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less. A portion of these investments may be used as margin for the Funds' trading in futures contracts. (b) Accounting for Derivative Instruments In seeking to achieve each Fund's investment objective, the applicable commodity trading advisor uses a mathematical approach to investing. Using this approach, the applicable commodity trading advisor determines the type, quantity and mix of investment positions that it believes in combination should produce returns consistent with the Fund's objective. All open derivative positions at March 31, 2020 and at June 30, 2019, as applicable, are disclosed in the Combined Schedules of Investments and the notional value of these open positions relative to the shareholders' capital of the Funds is generally representative of the notional value of open positions to shareholders' capital throughout the reporting periods for the Funds. The volume associated with derivative positions varies on a daily basis as the Funds transact in derivative contracts in order to achieve the appropriate exposure, as expressed in notional value, in comparison to shareholders' capital consistent with the applicable Fund's investment objective. Following is a description of the derivative instruments used by the Funds during the reporting period, including the primary underlying risk exposures. (c) Futures Contracts The Funds enter into futures contracts to gain exposure to changes in the value of the Benchmark Portfolios. A futures contract obligates the seller to deliver (and the purchaser to accept) the future cash settlement of a specified quantity and type of a treasury futures contract at a specified time and place. The contractual obligations of a buyer or seller of a treasury futures contract may generally be satisfied by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery. Upon entering into a futures contract, the Funds are required to deposit and maintain as collateral at least such initial margin as required by the exchange on which the transaction is affected. The initial margin is segregated as Cash held by broker, as disclosed in the Combined Statements of Assets and Liabilities, and is restricted as to its use. Pursuant to the futures contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the futures contract. Such receipts or payments are known as variation margin and are recorded by the Funds as unrealized gains or losses. The Funds will realize a gain or loss upon closing a futures transaction. Futures contracts involve, to varying degrees, elements of market risk (specifically treasury price risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure the Funds have in the particular classes of instruments. Additional risks associated with the use of futures contracts include imperfect correlation between movements in the price of the futures contracts and the market value of the underlying securities and the possibility of an illiquid market for a futures contract. With futures contracts, there is minimal counterparty risk to the Funds since futures contracts are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of March 31, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Value Combined Statements of Fair Value Interest Rate Risk Purchased options $ 16,000 * Payable on open futures contracts $ (400,059 )** Interest Rate Risk — — Written options, at fair value $ (18,867 )* * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of June 30, 2019 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Value Combined Statements of Fair Value Interest Rate Risk Purchased options $ 35,625 * Payable on open futures contracts $ (326,457 )** Interest Rate Risk — — Written options, at fair value $ (19,336 )* * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (167,895) $ (444,797) The futures and options contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (2,457,815 ) $ 1,778,789 The futures and options contracts open at March 31, 2019 are indicative of the activity for the three months ended March 31, 2019. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (420,623) $ (76,566) The futures and options contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (2,914,522 ) $ 167,281 The futures and options contracts open at March 31, 2019 are indicative of the activity for the nine months ended March 31, 2019. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of March 31, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Combined Statements of Fair Interest Rate Risk Payable on open futures contracts $ (1,976,295) * * Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of June 30, 2019 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Combined Statements of Fair Interest Rate Risk Receivable on open futures contracts $ 391,415 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,727,061) $ (1,871,170) The futures contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (956,887) $ (511,380 ) The futures contracts open at March 31, 2019 are indicative of the activity for the three months ended March 31, 2019. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,388,880) $ (1,204,565) The futures contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (1,391,126) $ (544,960) The futures contracts open at March 31, 2019 are indicative of the activity for the nine months ended March 31, 2019.

Creations and Redemptions

Creations and Redemptions	9 Months Ended
Creations and Redemptions	Mar. 31, 2020
Creations and Redemptions [Abstract]
Creations and Redemptions	(5) Creations and Redemptions Each Fund issues and redeems Shares from time to time, but only in one or more Creation Baskets. A Creation Basket is a block of 25,000 Shares (50,000 Shares prior to August 17, 2018) of each Fund. Baskets may be created or redeemed only by Authorized Participants. Except when aggregated in Creation Baskets, the Shares are not redeemable securities. Retail investors, therefore, generally will not be able to purchase or redeem Shares directly from or with each Fund. Rather, most retail investors will purchase or sell Shares in the secondary market with the assistance of a broker. Thus, some of the information contained in these Notes to Interim Combined Financial Statements – such as references to the Transaction Fee imposed on creations and redemptions – is not relevant to retail investors. (a) Transaction Fees on Creation and Redemption Transactions In connection with orders to create and redeem one or more Creation Baskets, an Authorized Participant is required to pay a transaction fee, or AP Transaction Fee, of $500 per order, which goes directly to the Custodian. The AP Transaction Fees are paid by the Authorized Participants and not by the Funds. (b) Share Transactions SIT RISING RATE ETF Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed — — Net Decrease — $ — Summary of Share Transactions for the Three Months Ended March 31, 2019 Shares Net Assets Shares Sold — $ — Shares Redeemed (1,275,000 ) (30,628,345 ) Net Increase (1,275,000 ) $ (30,628,345 ) Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed (275,000 ) (6,331,666 ) Net Decrease (275,000 ) $ (6,331,666 ) Summary of Share Transactions for the Nine Months Ended March 31, 2019 Shares Net Assets Shares Sold 975,000 $ 24,297,005 Shares Redeemed (1,850,000 ) (44,791,745 ) Net Increase (875,000 ) $ (20,494,740 ) BREAKWAVE DRY BULK SHIPPING ETF Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,775,000 $ 21,611,870 Shares Redeemed (50,000 ) (695,550 ) Net Increase 2,725,000 $ 20,916,320 Summary of Share Transactions for the Three Months Ended March 31, 2019 Shares Net Assets Shares Sold 175,000 $ 1,795,803 Shares Redeemed — — Net Increase 175,000 $ 1,795,803 Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,850,000 $ 22,763,000 Shares Redeemed (300,000 ) (4,817,327 ) Net Decrease 2,550,000 $ (17,945,673 ) Summary of Share Transactions for the Nine Months Ended March 31, 2019 Shares Net Assets Shares Sold 175,000 $ 1,795,803 Shares Redeemed — — Net Increase 175,000 $ 1,795,803

Risk

Risk	9 Months Ended
Risk	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Risk	(6) Risk (a) Investment Related Risk The NAV of RISE’s shares relates directly to the value of the U.S. treasuries, cash and cash equivalents held by RISE and the portfolio’s negative effective duration established and maintained through RISE’s investment in Treasury Instruments. Fluctuations in the prices of these assets could materially adversely affect the value and performance of an investment in RISE’s shares. Past performance is not necessarily indicative of future results; all or substantially all of an investment in RISE could be lost. Investments in debt securities typically decrease in value when interest rates rise, however, RISE attempts to maintain a portfolio with a negative effective duration and therefore anticipates that an increase in interest rates may increase RISE’s value, and a decrease in rates may lower RISE’s value. The NAV of RISE’s shares relates directly to the value of U.S. Treasuries and Treasury Instruments held by RISE which are materially impacted by interest rate movements. The magnitude of the impact on value from a change in interest rates is often greater for longer-term fixed income than shorter-term securities. Interest rates have remained near historic lows since the market events of 2008 and may remain low. Interest rate movements are heavily influenced by the action of the Board of Governors of the Federal Reserve System and other central banks. Their actions are based on judgments and policies which involve numerous political and economic factors which are unpredictable. Recent interest rate and monetary policies have been unprecedented and may continue to be so. RISE attempts to track a portfolio benchmark. The performance of RISE may not closely track the performance of the RISE Benchmark Portfolio for a variety of reasons. For example, RISE incurs operating expenses and portfolio transaction costs not incurred by the benchmark. RISE is also required to manage cash flows and may experience operational inefficiencies the benchmark does not. In addition, RISE may not be fully invested in the contents of its benchmark at all times or may hold securities not included in its benchmark. RISE invests in Treasury Instruments and U.S. treasuries with exposure to different maturity dates. Generally, RISE’s exposure to securities with maturities of 2 and 5 years will be greater than its exposure to securities with maturities of 10 years. Interest rates do not change uniformly for U.S. Treasuries of different maturities and therefore if interest rates rise, the investment performance of RISE will be impacted by RISE’s current maturity exposure which may be different from the expectations of the Sponsor and investors in RISE. At any time, RISE’s maturity exposure may not be optimal with respect to a movement in interest rates which would negatively impact performance. The NAV of BDRY’s shares relates directly to the value of the futures portfolio, cash and cash equivalents held by BDRY. Fluctuations in the prices of these assets could materially adversely affect the value and performance of an investment in BDRY’s shares. Past performance is not necessarily indicative of future results; all or substantially all of an investment in BDRY could be lost. The NAV of BDRY’s shares relates directly to the value of futures investments held by BDRY which are materially impacted by fluctuations in 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. Futures and options contracts have expiration dates. Before or upon the expiration of a contract, BDRY may be required to enter into a replacement contract that is priced higher or that have less favorable terms than the contract being replaced (see “Negative Roll Risk,” below). The Freight Futures market settles in cash against published indices, so there is no physical delivery against the futures contracts. Similar to other futures contracts, the Freight Futures curve shape could be either in “contango” (where the futures curve is upward sloping with next futures price higher than the current one) or “backwardation” (where each the next futures price is lower than the current one). Contango curves are generally characterized by negative roll cost, as the expiring contract value is lower that the next prompt contract value, assuming the same lot size. That means there could be losses incurred when the contracts are rolled each period and such losses are independent of the Freight Futures price level. (b) Liquidity Risk In certain circumstances, such as the disruption of the orderly markets for the futures contracts or Financial Instruments in which the Funds invest, the Funds might not be able to dispose of certain holdings quickly or at prices that represent what the market value may have been in an orderly market. Futures and option positions cannot always be liquidated at the desired price. It is difficult to execute a trade at a specific price when there is a relatively small volume of buy and sell orders in a market. A market disruption can also make it difficult to liquidate a position. The large size of the positions that the Funds may acquire increases the risk of illiquidity both by making its positions more difficult to liquidate and by potentially increasing losses while trying to do so. Such a situation may prevent the Funds from limiting losses, realizing gains or achieving a high correlation with the applicable Benchmark Portfolio. (c) Natural Disaster/Epidemic Risk Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries, including the U.S. Any such events could have a significant adverse impact on the value of the Fund’s investments.

Profit and Loss Allocations and

Profit and Loss Allocations and Distributions	9 Months Ended
Profit and Loss Allocations and Distributions	Mar. 31, 2020
Profit and Loss Allocations and Distributions [Abstract]
Profit and Loss Allocations and Distributions	(7) Profit and Loss Allocations and Distributions Pursuant to the Trust Agreement, income and expenses are allocated pro rata pro rata

Indemnifications

Indemnifications	9 Months Ended
Indemnifications	Mar. 31, 2020
Indemnifications [Abstract]
Indemnifications	(8) Indemnifications The Sponsor, either in its own capacity or in its capacity as the Sponsor and on behalf of the Funds, has entered into various service agreements that contain a variety of representations, or provide indemnification provisions related to certain risks service providers undertake in performing services which are in the best interests of the Funds. As of March 31, 2020, the Funds had not received any claims or incurred any losses pursuant to these agreements and expects the risk of such losses to be remote.

Termination

Termination	9 Months Ended
Termination	Mar. 31, 2020
Termination [Abstract]
Termination	(9) Termination The term of each Fund is perpetual unless terminated earlier in certain circumstances as described in the applicable Prospectus.

Net Asset Value and Financial H

Net Asset Value and Financial Highlights	9 Months Ended
Net Asset Value and Financial Highlights	Mar. 31, 2020
Net Asset Value And Financial Highlights [Abstract]
Net Asset Value and Financial Highlights	(10) Net Asset Value and Financial Highlights The Funds are presenting, as applicable, the following net asset value and financial highlights related to investment performance for a Share outstanding throughout the three months ended March 31, 2020 and March 31, 2019, respectively, and the nine months ended March 31, 2020 and 2019, respectively. The net investment income and total expense ratios are calculated using average net assets. The net asset value presentation is calculated by dividing each Fund's net assets by the average daily number of Shares outstanding. The net investment income (loss) and expense ratios have been annualized. The total return is based on the change in net asset value and market value of the Shares during the period. An individual investor's return and ratios may vary based on the timing of their transactions in Fund Shares. THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31, 2020 MARCH 31, 2019 SIT RISING BREAKWAVE DRY BULK SIT RISING BREAKWAVE DRY BULK RATE ETF ETF RATE ETF ETF Net Asset Value Net asset value per Share, beginning of period $ 22.96 $ 15.37 $ 24.06 $ 18.56 Net investment income (loss) 0.02 (0.11 ) 0.08 (0.09 ) Net realized and unrealized gain (loss) (2.45 ) (8.76 ) (0.49 ) (8.95 ) Net Income (Loss) (2.43 ) (8.87 ) (0.41 ) (9.04 ) Net Asset Value per Share, end of period $ 20.53 $ 6.50 $ 23.65 $ 9.52 Market Value per Share, end of period $ 20.53 $ 6.39 $ 23.59 $ 9.36 Ratios to Average Net Assets* Expense Ratio* 1.08 % 7.04 % 1.11 % 5.13 % Expense Ratio* before Waiver/Assumption 8.41 % 12.37 % 1.63 % 28.20 % Net Investment Income (Loss) 0.43 % (6.10 %) 1.25 % (3.13 %) Total Return, at Net Asset Value (10.58 %) (57.71 %) (1.70 %) (48.71 %) Total Return, at Market Value (10.62 %) (58.64 %) (2.08 %) (47.77 %) * Percentages are annualized Percentages are not annualized * For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense. NINE MONTHS ENDED NINE MONTHS ENDED MARCH 31, 2020 MARCH 31, 2019 SIT RISING BREAKWAVE DRY BULK SIT RISING BREAKWAVE DRY BULK RATE ETF ETF RATE ETF ETF Net Asset Value Net asset value per Share, beginning of period $ 22.70 $ 13.25 $ 24.65 $ 21.98 Net investment income (loss) 0.14 (0.34 ) 0.19 (0.39 ) Net realized and unrealized gain (loss) (2.31 ) (6.41 ) (1.19 ) (12.07 ) Net Income (Loss) (2.17 ) (6.75 ) (1.00 ) (12.46 ) Net Asset Value per Share, end of period $ 20.53 $ 6.50 $ 23.65 $ 9.52 Market Value per Share, end of period $ 20.53 $ 6.39 $ 23.59 $ 9.36 Ratios to Average Net Assets* Expense Ratio* 1.08 % 6.19 % 1.11 % 4.61 % Expense Ratio* before Waiver/Assumption 7.09 % 17.62 % 1.36 % 23.42 % Net Investment Income (Loss) 0.86 % (4.96 %) 1.03 % (2.88 %) Total Return, at Net Asset Value (9.56 %) (50.94 %) (4.06 %) (56.69 %) Total Return, at Market Value (9.68 %) (51.41 %) (4.34 %) (57.53 %) * Percentages are annualized Percentages are not annualized * For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.

Legal Proceedings

Legal Proceedings	9 Months Ended
Legal Proceedings	Mar. 31, 2020
Legal Proceedings [Abstract]
Legal Proceedings	(11) Legal Proceedings Samuel Masucci III and Bernard Karol, principals of the Sponsor, were defendants, along with certain affiliates of the Sponsor, in an action filed May 2, 2017 in the Superior Court of New Jersey captioned PureShares, LLC d/b/a PureFunds et al. v. ETF Managers Group, LLC et al. Samuel Masucci III, a principal of the Sponsor, was a defendant, along with certain affiliates of the Sponsor, in a case filed on October 26, 2017 in the United States District Court for the Southern District of New York by NASDAQ, Inc. ("Nasdaq") captioned Nasdaq, Inc. v. Exchange Traded Managers Group, LLC et al. On May 1, 2020, Nasdaq, PureShares LLC ("PureShares"), and ETFMG announced a global settlement that resolves all claims in both the PureShares Action and the Nasdaq Action. The settlement is subject to future negotiations and approvals among independent third parties. As part of the settlement, Nasdaq and ETFMG have agreed to certain cash payments from ETFMG to Nasdaq and PureShares, and have executed an asset purchase agreement to transfer certain ETFMG intellectual property and related assets, to a Nasdaq affiliate. The transaction is expected to close in the last half of 2020. While the Sponsor does not believe that a resolution of these matters will have a material adverse effect on the Funds' financial statements, if the events set forth in the settlement agreement do not occur, and a subsequent settlement is not reached, the resulting conditions may adversely affect the Sponsor's future operations.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	(12) Subsequent Events In preparing these financial statements, the Funds have evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments to the financial statements, other than those disclosed in Note 11 above.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Accounting	(a) Basis of Accounting The accompanying interim combined financial statements of the Funds have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Each Fund qualifies as an investment company for financial reporting purposes under Topic 946 of the Accounting Standard Codification of U.S. GAAP. The accompanying interim combined financial statements are unaudited, but in the opinion of management, contain all adjustments (which include normal recurring adjustments) considered necessary to present fairly the interim combined financial statements. These interim combined financial statements should be read in conjunction with RISE’s annual report on Form 10-K for the year ended June 30, 2019, RISE’s prospectus dated January 22, 2020 (the “RISE Prospectus”), BDRY’s annual report on Form 10-K for the year ended June 30, 2019 and BDRY’s prospectus dated March 13, 2020 (the “BDRY Prospectus,” and together with the RISE Prospectus, the “Prospectuses”). Interim period results are not necessarily indicative of results for a full-year period.
Use of Estimates	(b) Use of Estimates The preparation of the interim combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim combined financial statements and accompanying notes. Actual results could differ from those estimates. There were no significant estimates used in the preparation of the interim combined financial statements.
Cash	(c) Cash Cash, when shown in the Combined Statements of Assets and Liabilities, represents non-segregated cash with the custodian and does not include short-term investments.
Cash Held by Broker	(d) Cash Held by Broker Sit is registered as a "commodity trading advisor" and acts as such for RISE. Breakwave is registered as a "commodity trading advisor" and acts as such for BDRY. Each Fund's arrangement with its respective FCM requires the Fund to meet its variation margin requirement related to the price movements, both positive and negative, on futures contracts held by the Fund by keeping cash on deposit with the Commodity Brokers (as defined below). These amounts are shown as Segregated cash held by broker in the Combined Statements of Assets and Liabilities. The Funds deposit cash or United States Treasury Obligations, as applicable, with their respective FCM subject to the CFTC regulations and various exchange and broker requirements. The combination of the Funds' deposits with their respective FCM of cash and United States Treasury Obligations, as applicable, and the unrealized gain or loss on open futures contracts (variation margin) represents the Funds' overall equity in their respective brokerage trading account. The Funds use their cash held by their respective FCM to satisfy variation margin requirements. The Funds earn interest on their cash deposited with their respective FCM and interest income is recorded on the accrual basis.
Final Net Asset Value for Fiscal Period	(e) Final Net Asset Value for Fiscal Period The calculation time of each Fund's final net asset value for creation and redemption of Fund shares for the three months ended March 31, 2020 and 2019 was at 4:00 p.m. Eastern Time on March 31, 2020 and March 29, 2019, respectively. Although the Funds' shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, the 4:00 p.m. Eastern Time represented the final opportunity to transact in creation or redemption baskets for the three months ended March 31, 2020 and 2019. Fair value per share is determined at the close of the NYSE Arca. For financial reporting purposes, each Fund values its investment positions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these interim combined financial statements differ from those used in the calculations of the Funds' final creation/redemption NAVs at March 31, 2020 and March 29, 2019.
Investment Valuation	(f) Investment Valuation Short-term investments, excluding U.S. Treasury Bills, are carried at amortized cost, which approximates fair value. U.S. Treasury Bills are valued as determined by an independent pricing service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Futures and options contracts are valued at the last settled price on the applicable exchange on which that futures and/or options contract trades.
Financial Instruments and Fair Value	(g) Financial Instruments and Fair Value Each Fund discloses the fair value of its investments in accordance with the Financial Accounting Standards Board ("FASB") fair value measurement and disclosure guidance which requires a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent to the Fund (observable inputs); and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I: Quoted prices (unadjusted) in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. Level II: Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II inputs include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III: Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following tables summarize RISE's valuation of investments at March 31, 2020 and at June 30, 2019 using the fair value hierarchy: March 31, 2020 (unaudited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 4,857,652 a $ 16,000 a $ (18,867 )b $ (400,059) c $ 4,454,726 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2019 (audited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 11,874,272 a $ 35,625 a $ (19,336 )b $ (326,457) c $ 11,564,104 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2020 and the year ended June 30, 2019, RISE recognized no transfers from Level 1, Level 2 or Level 3. The following table summarizes BDRY's valuation of investments at March 31, 2020 and at June 30, 2019 using the fair value hierarchy: March 31, 2020 (unaudited) Short-Term Futures Total Level I – Quoted Prices $ 2,556,475 a $ (1,976,295) b $ 580,180 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2019 (audited) Short-Term Futures Total Level I – Quoted Prices $ 1,095,625 a $ 391,415 b $ 1,487,040 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2020 and the year ended June 30, 2019, BDRY recognized no transfers from Level 1, Level 2 or Level 3. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities.
Investment Transactions and Related Income	(h) Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis, and marked to market daily. Unrealized gain/loss on open futures contracts is reflected in Receivable/Payable on open futures contracts in the Combined Statements of Assets and Liabilities and the change in the unrealized gain/loss between periods is reflected in the Combined Statements of Operations. RISE's discounts on short-term securities purchased are accreted daily and reflected as Interest Income, when applicable, in the Combined Statements of Operations. BDRY's interest earned on short-term securities and on cash deposited with MacQuarie Futures USA LLC are accrued daily and reflected as Interest Income, when applicable, in the Combined Statements of Operations.
Federal Income Taxes	(i) Federal Income Taxes Each Fund is registered as a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, the Funds do not expect to incur U.S. federal income tax liability; rather, each beneficial owner is required to take into account their allocable share of the Funds' income, gain, loss, deductions and other items for the Funds' taxable year ending with or within the beneficial owner's taxable year. Management of the Funds has reviewed the open tax years and major jurisdictions and concluded that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken in future tax returns at March 31, 2020 and June 30, 2019. The Funds are also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. On an ongoing basis, management will monitor its tax positions taken to determine if adjustments to its conclusions are necessary based on factors including, but not limited to, further implementation of guidance expected from the FASB and on-going analysis of tax law, regulation, and interpretations thereof. The Funds' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years after they are filed.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2020
Accounting Policies [Abstract]
Schedule of balance sheet grouping	March 31, 2020 (unaudited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 4,857,652 a $ 16,000 a $ (18,867 )b $ (400,059) c $ 4,454,726 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2019 (audited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 11,874,272 a $ 35,625 a $ (19,336 )b $ (326,457) c $ 11,564,104 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2020 and the year ended June 30, 2019, RISE recognized no transfers from Level 1, Level 2 or Level 3. The following table summarizes BDRY's valuation of investments at March 31, 2020 and at June 30, 2019 using the fair value hierarchy: March 31, 2020 (unaudited) Short-Term Futures Total Level I – Quoted Prices $ 2,556,475 a $ (1,976,295) b $ 580,180 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2019 (audited) Short-Term Futures Total Level I – Quoted Prices $ 1,095,625 a $ 391,415 b $ 1,487,040 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.

Investments (Tables)

Investments (Tables)	9 Months Ended
Investments (Tables)	Mar. 31, 2020
Investments [Abstract]
Schedule of derivative instruments in statement of financial position	SIT RISING RATE ETF Fair Value of Derivative Instruments, as of March 31, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Value Combined Statements of Fair Value Interest Rate Risk Purchased options $ 16,000 * Payable on open futures contracts $ (400,059 )** Interest Rate Risk — — Written options, at fair value $ (18,867 )* * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of June 30, 2019 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Value Combined Statements of Fair Value Interest Rate Risk Purchased options $ 35,625 * Payable on open futures contracts $ (326,457 )** Interest Rate Risk — — Written options, at fair value $ (19,336 )* * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
Schedule of derivative instruments, effect on other comprehensive income (loss)	SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (167,895) $ (444,797) The futures and options contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (2,457,815 ) $ 1,778,789 The futures and options contracts open at March 31, 2019 are indicative of the activity for the three months ended March 31, 2019. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (420,623) $ (76,566) The futures and options contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (2,914,522 ) $ 167,281 The futures and options contracts open at March 31, 2019 are indicative of the activity for the nine months ended March 31, 2019. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of March 31, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Combined Statements of Fair Interest Rate Risk Payable on open futures contracts $ (1,976,295) * * Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of June 30, 2019 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Fair Combined Statements of Fair Interest Rate Risk Receivable on open futures contracts $ 391,415 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,727,061) $ (1,871,170) The futures contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (956,887) $ (511,380 ) The futures contracts open at March 31, 2019 are indicative of the activity for the three months ended March 31, 2019. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,388,880) $ (1,204,565) The futures contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2019 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (1,391,126) $ (544,960) The futures contracts open at March 31, 2019 are indicative of the activity for the nine months ended March 31, 2019.

Creations and Redemptions (Tabl

Creations and Redemptions (Tables)	9 Months Ended
Creations and Redemptions (Tables)	Mar. 31, 2020
Creations and Redemptions [Abstract]
Schedule of share transactions	SIT RISING RATE ETF Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed — — Net Decrease — $ — Summary of Share Transactions for the Three Months Ended March 31, 2019 Shares Net Assets Shares Sold — $ — Shares Redeemed (1,275,000 ) (30,628,345 ) Net Increase (1,275,000 ) $ (30,628,345 ) Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed (275,000 ) (6,331,666 ) Net Decrease (275,000 ) $ (6,331,666 ) Summary of Share Transactions for the Nine Months Ended March 31, 2019 Shares Net Assets Shares Sold 975,000 $ 24,297,005 Shares Redeemed (1,850,000 ) (44,791,745 ) Net Increase (875,000 ) $ (20,494,740 ) BREAKWAVE DRY BULK SHIPPING ETF Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,775,000 $ 21,611,870 Shares Redeemed (50,000 ) (695,550 ) Net Increase 2,725,000 $ 20,916,320 Summary of Share Transactions for the Three Months Ended March 31, 2019 Shares Net Assets Shares Sold 175,000 $ 1,795,803 Shares Redeemed — — Net Increase 175,000 $ 1,795,803 Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,850,000 $ 22,763,000 Shares Redeemed (300,000 ) (4,817,327 ) Net Decrease 2,550,000 $ (17,945,673 ) Summary of Share Transactions for the Nine Months Ended March 31, 2019 Shares Net Assets Shares Sold 175,000 $ 1,795,803 Shares Redeemed — — Net Increase 175,000 $ 1,795,803

Net Asset Value and Financial_2

Net Asset Value and Financial Highlights (Tables)	9 Months Ended
Net Asset Value and Financial Highlights (Tables)	Mar. 31, 2020
Net Asset Value And Financial Highlights [Abstract]
Schedule of net asset value and ratios to average net assets	THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31, 2020 MARCH 31, 2019 SIT RISING BREAKWAVE DRY BULK SIT RISING BREAKWAVE DRY BULK RATE ETF ETF RATE ETF ETF Net Asset Value Net asset value per Share, beginning of period $ 22.96 $ 15.37 $ 24.06 $ 18.56 Net investment income (loss) 0.02 (0.11 ) 0.08 (0.09 ) Net realized and unrealized gain (loss) (2.45 ) (8.76 ) (0.49 ) (8.95 ) Net Income (Loss) (2.43 ) (8.87 ) (0.41 ) (9.04 ) Net Asset Value per Share, end of period $ 20.53 $ 6.50 $ 23.65 $ 9.52 Market Value per Share, end of period $ 20.53 $ 6.39 $ 23.59 $ 9.36 Ratios to Average Net Assets* Expense Ratio* 1.08 % 7.04 % 1.11 % 5.13 % Expense Ratio* before Waiver/Assumption 8.41 % 12.37 % 1.63 % 28.20 % Net Investment Income (Loss) 0.43 % (6.10 %) 1.25 % (3.13 %) Total Return, at Net Asset Value (10.58 %) (57.71 %) (1.70 %) (48.71 %) Total Return, at Market Value (10.62 %) (58.64 %) (2.08 %) (47.77 %) * Percentages are annualized Percentages are not annualized * For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense. NINE MONTHS ENDED NINE MONTHS ENDED MARCH 31, 2020 MARCH 31, 2019 SIT RISING BREAKWAVE DRY BULK SIT RISING BREAKWAVE DRY BULK RATE ETF ETF RATE ETF ETF Net Asset Value Net asset value per Share, beginning of period $ 22.70 $ 13.25 $ 24.65 $ 21.98 Net investment income (loss) 0.14 (0.34 ) 0.19 (0.39 ) Net realized and unrealized gain (loss) (2.31 ) (6.41 ) (1.19 ) (12.07 ) Net Income (Loss) (2.17 ) (6.75 ) (1.00 ) (12.46 ) Net Asset Value per Share, end of period $ 20.53 $ 6.50 $ 23.65 $ 9.52 Market Value per Share, end of period $ 20.53 $ 6.39 $ 23.59 $ 9.36 Ratios to Average Net Assets* Expense Ratio* 1.08 % 6.19 % 1.11 % 4.61 % Expense Ratio* before Waiver/Assumption 7.09 % 17.62 % 1.36 % 23.42 % Net Investment Income (Loss) 0.86 % (4.96 %) 1.03 % (2.88 %) Total Return, at Net Asset Value (9.56 %) (50.94 %) (4.06 %) (56.69 %) Total Return, at Market Value (9.68 %) (51.41 %) (4.34 %) (57.53 %) * Percentages are annualized Percentages are not annualized * For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.

Organization (Details)

Organization (Details)	9 Months Ended
Organization (Details)	Mar. 31, 2020	Jan. 01, 2018
Sit Fixed Income Advisors II, LLC [Member]
Organization (Textual)
Percentage of fee paid		0.20%
SIT RISING RATE ETF [Member]
Organization (Textual)
Percentage of fee paid		1.00%
Description of rise benchmark portfolio	If interest rates rise by 1%, the market value of a security with an effective duration of 5 years would decrease by 5%, with all other factors being constant, and likewise the market value of a security with an effective duration of negative 5 years would increase by 5%, with all other factors being constant. The correlation between duration and price sensitivity is greater for securities rated investment-grade than it is for securities rated below investment-grade.
SIT RISING RATE ETF [Member] \| Minimum [Member]
Organization (Textual)
Percentage of funds asset	5.00%
Percentage of treasury instrument	3.00%
SIT RISING RATE ETF [Member] \| Maximum [Member]
Organization (Textual)
Percentage of funds asset	15.00%
Percentage of treasury instrument	10.00%
SIT RISING RATE ETF [Member] \| Two Year Maturity Treasury Instruments [Member] \| Minimum [Member]
Organization (Textual)
Expected range for duration weighted percentage	30.00%
SIT RISING RATE ETF [Member] \| Five Year Maturity Treasury Instruments [Member] \| Maximum [Member]
Organization (Textual)
Expected range for duration weighted percentage	70.00%
SIT RISING RATE ETF [Member] \| Ten Year Maturity Treasury Instruments [Member] \| Minimum [Member]
Organization (Textual)
Expected range for duration weighted percentage	5.00%
SIT RISING RATE ETF [Member] \| Ten Year Maturity Treasury Instruments [Member] \| Maximum [Member]
Organization (Textual)
Expected range for duration weighted percentage	25.00%
BREAKWAVE DRY BULK SHIPPING ETF \| Capesize Freight Futures contracts [Member]
Organization (Textual)
Percentage of concentration risk	50.00%
BREAKWAVE DRY BULK SHIPPING ETF \| Panamax Freight Futures contracts [Member]
Organization (Textual)
Percentage of concentration risk	40.00%
BREAKWAVE DRY BULK SHIPPING ETF \| Supramax Freight Futures contracts [Member]
Organization (Textual)
Percentage of concentration risk	10.00%
BREAKWAVE DRY BULK SHIPPING ETF \| Minimum [Member]
Organization (Textual)
Percentage of freight futures position	10.00%
BREAKWAVE DRY BULK SHIPPING ETF \| Maximum [Member]
Organization (Textual)
Percentage of freight futures position	40.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)		Mar. 31, 2020		Jun. 30, 2019
Short-Term Investments		$ 7,430,127		$ 13,005,522
Written Options Contracts		(18,867)		(19,336)
SIT RISING RATE ETF [Member]
Short-Term Investments		4,873,652		11,909,897
Written Options Contracts		(18,867)		(19,336)
SIT RISING RATE ETF [Member] \| Fair Value, Inputs, Level 1 [Member]
Short-Term Investments	[1]	4,857,652		11,874,272
Purchased Options Contracts	[1]	16,000		35,625
Written Options Contracts	[2]	(18,867)		(19,336)
Futures Contracts	[3]	(400,059)		(326,457)
Total		4,454,726		11,564,104
BREAKWAVE DRY BULK SHIPPING ETF
Short-Term Investments		2,556,475		1,095,625
Written Options Contracts
BREAKWAVE DRY BULK SHIPPING ETF \| Fair Value, Inputs, Level 1 [Member]
Short-Term Investments	[1]	2,556,475		1,095,625
Futures Contracts		(1,976,295)	[3]	391,415	[4]
Total		$ 580,180		$ 1,487,040

[1]	Included in Investments in securities in the Combined Statements of Assets and Liabilities.
[2]	Included in Options written, at fair value in the Combined Statements of Assets and Liabilities.
[3]	Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.
[4]	Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.

Investments (Details)

Investments (Details) - USD ($)		Mar. 31, 2020	Jun. 30, 2019
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts		$ 2,376,354	$ 326,457
Written options, at fair value		(18,867)	(19,336)
SIT RISING RATE ETF [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts		400,059	326,457
Written options, at fair value		(18,867)	(19,336)
SIT RISING RATE ETF [Member] \| Interest Rate Risk [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Purchased options	[1]	16,000	35,625
Payable on open futures contracts	[2]	(400,059)	(326,457)
Written options, at fair value	[1]	(18,867)	(19,336)
BREAKWAVE DRY BULK SHIPPING ETF
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts		1,976,295
Written options, at fair value
BREAKWAVE DRY BULK SHIPPING ETF \| Interest Rate Risk [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts	[2]	$ (1,976,295)
Receivable on open futures contracts	[3]		$ 391,415

[1]	Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities.
[2]	Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
[3]	Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.

Investments (Details 1)

Investments (Details 1) - Interest Rate Risk [Member] - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
SIT RISING RATE ETF [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Location of Gain (Loss) on Derivatives	Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts	Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts	Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts	Net realized gain (loss) on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts
Realized Loss on Derivatives Recognized in Income	$ (167,895)	$ (2,457,815)	$ (420,623)	$ (2,914,522)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income	$ (444,797)	$ 1,778,789	$ (76,566)	$ 167,281
BREAKWAVE DRY BULK SHIPPING ETF
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Location of Gain (Loss) on Derivatives	Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts	Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts	Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts	Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts
Realized Loss on Derivatives Recognized in Income	$ (2,727,061)	$ (956,887)	$ (2,388,880)	$ (1,391,126)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income	$ (1,871,170)	$ (511,380)	$ (1,204,565)	$ (544,960)

Agreements (Details)

Agreements (Details) - USD ($)	Mar. 22, 2018	Jan. 01, 2018	Mar. 31, 2020	Mar. 31, 2019	Jun. 01, 2018	Mar. 31, 2020	Mar. 31, 2019
Agreements (Textual)
Waiver of commodity trading advisor fees			$ 25,190	$ 8,427		$ 41,403	$ 31,926
Expense related to distribution or servicing and underwriting fees			7,796	8,382		23,562	25,518
Noninterest expense commission expense			62,528	21,356		80,820	72,311
Costs and expenses			330,149	335,836		854,421	1,088,098
Management fee expense			12,373	12,328		37,535	37,532
Revised annual sponsor fee			49,725	50,073		150,269	160,322
Admin/accounting/custodian/transfer agent fees			29,701	29,023		89,755	88,357
Wholesale support fees			9,670	17,439		$ 27,163	63,657
Sit Fixed Income Advisors II, LLC [Member]
Agreements (Textual)
Fund expenses annual rate percentage					1.00%
Percentage of fee paid		0.20%
SIT RISING RATE ETF [Member]
Agreements (Textual)
Fund expenses annual rate percentage						0.10%
Percentage of fee paid		1.00%
Waiver of commodity trading advisor fees
Assets under management percentage						0.05%
Expense related to distribution or servicing and underwriting fees			3,863	4,314		$ 11,675	13,134
Percentage of brokerage commissions and fees						0.09%
Noninterest expense commission expense			1,120	11,906		$ 3,913	47,768
Trustee fees			621	616		1,878	1,877
Costs and expenses			115,209	171,928		351,317	572,487
Management fee expense			6,158	6,164		18,754	18,766
Revised annual sponsor fee			18,647	19,252		56,351	66,489
Admin/accounting/custodian/transfer agent fees			14,322	13,883		43,280	42,265
Wholesale support fees			1,369	10,577		4,952	42,248
Fund expenses			100,377	54,256		297,853	102,242
SIT RISING RATE ETF [Member] \| Minimum [Member]
Agreements (Textual)
Accrued professional fees, current			50,000			50,000
Custody fees						$ 4,800
SIT RISING RATE ETF [Member] \| Custody Services [Member]
Agreements (Textual)
Assets under management percentage						0.01%
Description CTA fee		Effective April 1, 2019, the fee paid to the Sponsor for tax return preparation was reduced from $100,000 per year to $50,000 per year.
SIT RISING RATE ETF [Member] \| Sponsors Advisory Services [Member]
Agreements (Textual)
Advisory services management fees percentage						0.15%
Waiver of commodity trading advisor fees			25,190	8,427		$ 41,403	31,926
Payments for fees			100,377	54,256		$ 297,853	102,242
Management fee expense		$ 75,000
Description CTA fee		Effective January 1, 2018, RISE’s CTA fee, calculated daily and paid monthly in arrears, is .20% per annum of average daily net assets.
SIT RISING RATE ETF [Member] \| Sponsors Advisory Services [Member] \| Principal Financial Officer and Chief Compliance Officer [Member]
Agreements (Textual)
Management fee expense		$ 25,000
Distributor [Member] \| Alps Distributors, Inc. [Member]
Agreements (Textual)
Assets under management percentage						0.02%
Distributor [Member] \| Minimum [Member] \| Alps Distributors, Inc. [Member]
Agreements (Textual)
Payments for fees						$ 15,000
BREAKWAVE DRY BULK SHIPPING ETF
Agreements (Textual)
Advisory services management fees percentage						3.50%
Fund expenses annual rate percentage		1.00%
Waiver of commodity trading advisor fees			25,190	8,427		$ 41,403	31,926
Assets under management percentage						0.05%
Expense related to distribution or servicing and underwriting fees			3,933	4,068		$ 11,887	12,384
Percentage of brokerage commissions and fees						0.40%
Noninterest expense commission expense			61,408	9,450		$ 76,907	24,543
Trustee fees			621	616		1,878	1,877
Costs and expenses			214,940	163,908		503,104	515,611
Management fee expense			6,215	6,164		18,781	18,766
Administrative and other expenses absorbed by sponsor			67,532	125,689		284,850	382,072
Revised annual sponsor fee			31,078	30,821		93,918	93,833
Admin/accounting/custodian/transfer agent fees			15,379	15,140		46,475	46,092
Wholesale support fees			8,301	$ 6,862		22,211	$ 21,409
BREAKWAVE DRY BULK SHIPPING ETF \| Minimum [Member]
Agreements (Textual)
Accrued professional fees, current			$ 45,000			45,000
Custody fees						$ 4,800
BREAKWAVE DRY BULK SHIPPING ETF \| Custody Services [Member]
Agreements (Textual)
Assets under management percentage						0.12%
Management fee expense						$ 25,000
BREAKWAVE DRY BULK SHIPPING ETF \| Sponsors Advisory Services [Member]
Agreements (Textual)
Advisory services management fees percentage						0.15%
Fund expenses annual rate percentage	3.50%
ETF MANAGERS GROUP COMMODITY TRUST I [Member] \| Sponsors Advisory Services [Member]
Agreements (Textual)
Advisory services management fees percentage						1.45%
Management fee expense						$ 125,000

Creations and Redemptions (Deta

Creations and Redemptions (Details) - USD ($)	3 Months Ended		9 Months Ended
Creations and Redemptions (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
SIT RISING RATE ETF [Member]
Shares Sold, Shares				975,000
Shares Redeemed, Shares		(1,275,000)	(275,000)	(1,850,000)
Net Increase (Decrease), Shares		(1,275,000)	(275,000)	(875,000)
Shares Sold, Capital Increase (Decrease)				$ 24,297,005
Shares Redeemed, Capital Increase (Decrease)		(30,628,345)	(6,331,666)	24,297,005
Net Increase (Decrease), Capital Increase (Decrease)		$ (30,628,345)	$ (6,331,666)	$ (20,494,740)
BREAKWAVE DRY BULK SHIPPING ETF
Shares Sold, Shares	2,775,000	175,000	2,850,000	175,000
Shares Redeemed, Shares	(50,000)		(300,000)
Net Increase (Decrease), Shares	(50,000)	175,000	2,550,000	175,000
Shares Sold, Capital Increase (Decrease)	$ 21,611,870	$ 1,795,803	$ 22,763,000	$ 1,795,803
Shares Redeemed, Capital Increase (Decrease)	(695,550)		(4,817,327)
Net Increase (Decrease), Capital Increase (Decrease)	$ 20,916,320	$ 1,795,803	$ (17,945,673)	$ 1,795,803

Creations and Redemptions (De_2

Creations and Redemptions (Details Textual) - USD ($)	Mar. 31, 2020	Aug. 17, 2018
SIT RISING RATE ETF [Member]
Creations and Redemptions (Textual)
Number of shares in one or more baskets	25,000
BREAKWAVE DRY BULK SHIPPING ETF
Creations and Redemptions (Textual)
Number of shares in one or more baskets		50,000
Authorized participant transaction fee per order	$ 500

Risk (Details)

Risk (Details)	9 Months Ended
Risk (Details)	Mar. 31, 2020
SIT RISING RATE ETF [Member]
Risk (Textual)
Credit risk exposure maturity description	RISE invests in Treasury Instruments and U.S. treasuries with exposure to different maturity dates. Generally, RISE's exposure to securities with maturities of 2 and 5 years will be greater than its exposure to securities with maturities of 10 years. Interest rates do not change uniformly for U.S. Treasuries of different maturities and therefore if interest rates rise, the investment performance of RISE will be impacted by RISE's current maturity exposure which may be different from the expectations of the Sponsor and investors in RISE. At any time, RISE's maturity exposure may not be optimal with respect to a movement in interest rates which would negatively impact performance.

Net Asset Value and Financial_3

Net Asset Value and Financial Highlights (Details) - $ / shares		3 Months Ended				9 Months Ended
		Mar. 31, 2020		Mar. 31, 2019		Mar. 31, 2020		Mar. 31, 2019
BREAKWAVE DRY BULK SHIPPING ETF
Net Asset Value
Net asset value per Share, beginning of Period		$ 15.37		$ 18.56		$ 13.25		$ 21.98
Net investment income (loss)		(0.11)		(0.09)		(0.34)		(0.39)
Net realized and unrealized gain (loss)		(8.76)		(8.95)		(6.41)		(12.07)
Net Income (Loss)		(8.87)		(9.04)		(6.75)		(12.46)
Net Asset Value per Share, end of Period		6.5		9.52		6.5		9.52
Market Value per Share, end of Period		$ 6.39		$ 9.36		$ 6.39		$ 9.36
Ratios to Average Net Assets
Expense Ratio	[1]	7.04%		5.13%		6.19%		4.61%
Expense Ratio before Waiver/Assumption	[1]	12.37%		28.20%		17.62%		23.42%
Net Investment Income (Loss)		(6.10%)		(3.13%)		(4.96%)	[2]	(2.88%)
Total Return, at Net Asset Value	[3]	(57.71%)		(48.71%)		(50.94%)		(56.69%)
Total Return, at Market Value		(58.64%)	[2]	(47.77%)	[3]	(51.41%)	[3]	(57.53%)	[3]
SIT RISING RATE ETF [Member]
Net Asset Value
Net asset value per Share, beginning of Period		$ 22.96		$ 24.06		$ 22.7		$ 24.65
Net investment income (loss)		0.02		0.08		0.14		0.19
Net realized and unrealized gain (loss)		(2.45)		(0.49)		(2.31)		(1.19)
Net Income (Loss)		(2.43)		(0.41)		(2.17)		(1)
Net Asset Value per Share, end of Period		20.53		23.65		20.53		23.65
Market Value per Share, end of Period		$ 20.53		$ 23.59		$ 20.53		$ 23.59
Ratios to Average Net Assets
Expense Ratio	[1]	1.08%		1.11%		1.08%		1.11%
Expense Ratio before Waiver/Assumption	[1]	8.41%		1.63%		7.09%		1.36%
Net Investment Income (Loss)		0.43%		1.25%		0.86%	[2]	1.03%
Total Return, at Net Asset Value	[3]	(10.58%)		(1.70%)		(9.56%)		(4.06%)
Total Return, at Market Value	[3]	(10.62%)		(2.08%)		(9.68%)		(4.34%)

[1]	For Sit Rising Rate ETF, Fund expenses have been capped at 1.00% of average daily net assets, plus brokerage commissions and interest expense. For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions and interest expense.
[2]	Percentages are annualized
[3]	Percentages are not annualized

Net Asset Value and Financial_4

Net Asset Value and Financial Highlights (Details Textual)	Mar. 22, 2018	Jan. 01, 2018
Net Asset Value and Financial Highlights (Textual)
Percentage of fund expenses capped	3.50%	1.00%

Legal Proceedings (Details)

Legal Proceedings (Details)	9 Months Ended
Legal Proceedings (Details)	Mar. 31, 2020
Legal Proceedings (Textual)
Legal Proceedings, description	The matter was the subject of a bench trial in May 2019, and on December 20, 2019, the Court issued an Opinion and Order awarding compensatory damages to Plaintiff in the amount of $78,403,172.36, plus prejudgment interest.