Key stats
About Amplify Commodity Trust Breakwave Tanker Shipping ETF
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Inception date
May 3, 2023
Structure
Commodities Pool
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
BWET is the first oil tanker shipping ETF. Oil tanker shipping is an instrumental part of the global commodity market and is historically uncorrelated with other major asset classes. BWET provides exposure to the charter rate for shipping crude oil by holding near-dated freight futures contracts on two oil tanker indexes based on cargo ship size category and specific routes. The fund uses a fixed weighting scheme, rebalanced annually, that allocates 90% to TD3C VLCC (Very Large Crude Carrier) contracts and 10% to TD20 Suezmax contracts. 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. BWET is structured as a commodities pool so investors can expect a K-1 at tax time and long-term holders will be taxed on any gains even without selling shares. The fund is only intended to be used as a diversification opportunity and is not a complete investment program.
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
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash61.72%
Mutual fund38.28%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BWET assets under management is 1.44 M USD. It's risen 4.29% over the last month.
BWET fund flows account for −593.86 K 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, BWET doesn't pay dividends to its holders.
BWET shares are issued by Amplify Holding Co. LLC under the brand Amplify. The ETF was launched on May 3, 2023, and its management style is Passive.
BWET expense ratio is 3.50% meaning you'd have to pay 3.50% of your investment to help manage the fund.
BWET follows the Breakwave Wet Freight Futures Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BWET invests in cash.
BWET price has risen by 1.32% over the last month, and its yearly performance shows a −39.31% decrease. See more dynamics on BWET price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.06% decrease in three-month performance and has decreased by −40.09% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.06% decrease in three-month performance and has decreased by −40.09% in a year.
BWET trades at a premium (1.36%) meaning the ETF is trading at a higher price than the calculated NAV.