Key stats
About Amplify Commodity Trust Breakwave Dry Bulk Shipping ETF
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Inception date
Mar 22, 2018
Structure
Commodities Pool
Replication method
Physical
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund70.62%
Cash31.28%
Rights & Warrants−1.91%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BDRY assets under management is 61.62 M USD. It's risen 5.31% over the last month.
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.
No, BDRY doesn't pay dividends to its holders.
BDRY shares are issued by Amplify Holding Co. LLC under the brand Amplify. The ETF was launched on Mar 22, 2018, and its management style is Passive.
BDRY expense ratio is 3.50% meaning you'd have to pay 3.50% of your investment to help manage the fund.
BDRY follows the Breakwave Dry Freight Futures Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BDRY invests in funds.
BDRY price has fallen by −4.55% over the last month, and its yearly performance shows a −55.56% decrease. See more dynamics on BDRY price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −8.81% over the last month, showed a −17.48% decrease in three-month performance and has decreased by −55.65% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −8.81% over the last month, showed a −17.48% decrease in three-month performance and has decreased by −55.65% in a year.
BDRY trades at a premium (2.04%) meaning the ETF is trading at a higher price than the calculated NAV.