Amplify Commodity Trust Breakwave Dry Bulk Shipping ETFAmplify Commodity Trust Breakwave Dry Bulk Shipping ETFAmplify Commodity Trust Breakwave Dry Bulk Shipping ETF

Amplify Commodity Trust Breakwave Dry Bulk Shipping ETF

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Key stats


Assets under management (AUM)
‪59.56 M‬USD
Fund flows (1Y)
‪38.95 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−1.2%
Shares outstanding
‪11.48 M‬
Expense ratio
3.50%

About Amplify Commodity Trust Breakwave Dry Bulk Shipping ETF


Issuer
Amplify Holding Co. LLC
Brand
Amplify
Inception date
Mar 22, 2018
Structure
Commodities Pool
Index tracked
Breakwave Dry Freight Futures Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Amplify Investments LLC
Distributor
ETFMG Financial LLC
BDRY is the first ETP to provide exposure to freight futures. Dry bulk shipping is an instrumental part of the global commodity market, and uncorrelated with other major asset classes historically. Dry bulk carrier transport unpackaged dry cargo, such as iron ore, coal, and grain - distinct from tankers and containerized cargo ships. BDRY provides exposure to the charter rate for dry bulk shipping by holding near-dated freight futures contracts on three dry bulk indices. The portfolio uses a fixed weighting scheme, rebalanced annually, based on the cargo ships size category - Capesize freight futures contracts get 50% weight, Panamax contracts 40%, and Supramax contracts 10%. As futures are always an imperfect proxy for spot prices, and the freight futures market is often in contango, long-term holdings are subject to position decay. BDRY is structured as a commodities pool, so expect a K-1 at tax time and long-term holders will be taxed on any gains even without selling shares.

Classification


Asset Class
Commodities
Category
Broad market
Focus
Broad market
Niche
Laddered
Strategy
Laddered
Geography
Global
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund73.68%
Cash29.09%
Rights & Warrants−2.77%
Top 10 holdings

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to BDRY via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BDRY trades at 5.20 USD today, its price has fallen −1.73% in the past 24 hours. Track more dynamics on BDRY price chart.
BDRY net asset value is 5.16 today — it's fallen 12.54% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BDRY assets under management is ‪59.56 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BDRY price has fallen by −12.52% over the last month, and its yearly performance shows a −57.59% decrease. See more dynamics on BDRY price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −12.54% over the last month, showed a −14.29% decrease in three-month performance and has decreased by −57.32% in a year.
BDRY fund flows account for ‪38.95 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BDRY invests in funds. See more details in our Analysis section.
BDRY expense ratio is 3.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BDRY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BDRY technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BDRY shows the strong sell signal. See more of BDRY technicals for a more comprehensive analysis.
No, BDRY doesn't pay dividends to its holders.
BDRY trades at a premium (1.16%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BDRY shares are issued by Amplify Holding Co. LLC
BDRY follows the Breakwave Dry Freight Futures Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 22, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.