Amplify Commodity Trust Files 2024 Annual Report
Ticker: BWET · Form: 10-K · Filed: Sep 27, 2024 · CIK: 1610940
| Field | Detail |
|---|---|
| Company | Amplify Commodity Trust (BWET) |
| Form Type | 10-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $15,000, $10,000, $125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, commodity-trust
TL;DR
Amplify Commodity Trust filed its 2024 10-K. Check financials for fiscal year ending 6/30/24.
AI Summary
Amplify Commodity Trust filed its 10-K for the fiscal year ended June 30, 2024. The filing details the company's operations and financial status. The trust is incorporated in Delaware and its principal executive offices are located at 3333 Warrenville Road, Suite 350, Lisle, IL 60532. The filing was made on September 27, 2024.
Why It Matters
This 10-K filing provides investors and the public with a comprehensive overview of Amplify Commodity Trust's financial health and operational performance for the fiscal year ending June 30, 2024.
Risk Assessment
Risk Level: low — This filing is a standard annual report and does not contain immediate, high-impact risks.
Key Numbers
- 0630 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
- 20240927 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Amplify Commodity Trust (company) — Registrant
- June 30, 2024 (date) — Fiscal year end
- September 27, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 3333 Warrenville Road Suite 350, Lisle, IL 60532 (address) — Principal executive offices
FAQ
What is the primary business of Amplify Commodity Trust?
The filing does not explicitly detail the primary business, but the name suggests operations related to commodities. Further details would be in the business description section of the full report.
What is the SEC file number for Amplify Commodity Trust?
The SEC file number for Amplify Commodity Trust is 001-36851.
When did Amplify Commodity Trust change its former name?
The former company name was ETF Managers Group Commodity Trust I, and the date of the name change was June 16, 2014.
What is the state of incorporation for Amplify Commodity Trust?
Amplify Commodity Trust is incorporated in Delaware.
What is the address of Amplify Commodity Trust's principal executive offices?
The principal executive offices are located at 3333 Warrenville Road, Suite 350, Lisle, IL 60532.
Filing Stats: 4,668 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-09-27 13:58:24
Key Financial Figures
- $15,000 — rative services equal to the greater of $15,000 or 0.02% of the Fund's average daily ne
- $10,000 — assets, with a minimum of approximately $10,000 payable annually. Pursuant to the Marke
- $125,000 — 15% of its average daily net assets, or $125,000. BDRY also pays an annual fee to Breakw
Filing Documents
- ea0214601-10k_amplify.htm (10-K) — 1064KB
- ea021460101ex10-21_amplify.htm (EX-10.21) — 2KB
- ea021460101ex10-23_amplify.htm (EX-10.23) — 2KB
- ea021460101ex23-3_amplify.htm (EX-23.3) — 2KB
- ea021460101ex31-1_amplify.htm (EX-31.1) — 11KB
- ea021460101ex31-2_amplify.htm (EX-31.2) — 11KB
- ea021460101ex32-1_amplify.htm (EX-32.1) — 4KB
- ea021460101ex32-2_amplify.htm (EX-32.2) — 4KB
- image_001.jpg (GRAPHIC) — 61KB
- image_002.jpg (GRAPHIC) — 67KB
- image_003.jpg (GRAPHIC) — 78KB
- image_004.jpg (GRAPHIC) — 79KB
- image_005.jpg (GRAPHIC) — 58KB
- image_006.jpg (GRAPHIC) — 69KB
- image_007.jpg (GRAPHIC) — 84KB
- image_008.jpg (GRAPHIC) — 86KB
- image_009.jpg (GRAPHIC) — 50KB
- image_010.jpg (GRAPHIC) — 59KB
- image_011.jpg (GRAPHIC) — 53KB
- image_012.jpg (GRAPHIC) — 57KB
- image_013.jpg (GRAPHIC) — 65KB
- image_014.jpg (GRAPHIC) — 120KB
- ex10-21_001.jpg (GRAPHIC) — 445KB
- ex10-21_002.jpg (GRAPHIC) — 353KB
- ex10-23_001.jpg (GRAPHIC) — 450KB
- ex10-23_002.jpg (GRAPHIC) — 360KB
- 0001213900-24-082617.txt ( ) — 9710KB
- bdry-20240630.xsd (EX-101.SCH) — 54KB
- bdry-20240630_cal.xml (EX-101.CAL) — 25KB
- bdry-20240630_def.xml (EX-101.DEF) — 228KB
- bdry-20240630_lab.xml (EX-101.LAB) — 337KB
- bdry-20240630_pre.xml (EX-101.PRE) — 214KB
- ea0214601-10k_amplify_htm.xml (XML) — 585KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 22 Item 1B. Unresolved Staff Comments. 22 Item 1C. Cybersecurity 22 Item 2. Properties. 22 Item 3.
Legal Proceedings
Legal Proceedings 22 Item 4. Mine Safety Disclosures. 22 Part II 23 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 23 Item 6. Reserved. 24 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 24 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk. 45 Item 8.
Financial Statements and Supplemental Data
Financial Statements and Supplemental Data. 46 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 75 Item 9A.
Controls and Procedures
Controls and Procedures. 75 Item 9B. Other Information. 75 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 75 Part III 76 Item 10. Directors, Executive Officers and Corporate Governance. 76 Item 11.
Executive Compensation
Executive Compensation. 77 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 78 Item 13. Certain Relationships and Related Transactions, and Director Independence. 79 Item 14. Principal Accountant Fees and Services. 79 Part IV 80 Item 15. Exhibits and Financial Statement Schedules. 80 Exhibit Index 80
Signatures
Signatures 82 -i- Part I
Business
Item 1. Business The Trust and the Funds Amplify Commodity Trust (formerly, ETF Managers Group Commodity Trust I) (the "Trust") was organized as a Delaware statutory trust on July 23, 2014. Effective after the close of trading on February 14, 2024, ETF Managers Capital LLC, as the prior sponsor and commodity pool operator (the "Former Sponsor") of the Trust, entered into an agreement (the "Transfer Agreement") to resign as Sponsor to the Trust and transfer its role as the Trust's sponsor to Amplify Investments LLC ("the Sponsor"). Under the terms of the Transfer Agreement, the Former Sponsor no longer has any involvement in the operations, management or marketing of the Fund. In connection with this change of Sponsor, Trust changed its name from the ETF Managers Group Commodity Trust I to the Amplify Commodity Trust. The Trust is a series trust formed pursuant to the Delaware Statutory Trust Act and currently includes two separate series: (i) Breakwave Dry Bulk Shipping ETF ("BDRY"), which is a commodity pool that continuously issues shares of beneficial interest that may be purchased and sold on the NYSE Arca, Inc. stock exchange ("NYSE Arca"), and (ii) Breakwave Tanker Shipping ETF ("BWET," and together with BDRY, each, a "Fund" and collectively, the "Funds"), which is also a commodity pool that continuously issues shares of beneficial interest that may be purchased and sold on NYSE Arca. BDRY commenced investment operations on March 22, 2018. BDRY commenced trading on NYSE Arca on March 22, 2018 and trades under the symbol "BDRY." BWET commenced investment operations on May 3, 2023. BWET commenced trading on the NYSE Arca on May 3, 2023 and trades under the symbol "BWET." The principal office of the Trust and the Funds is located at 3333 Warrenville Road, Suite 350, Lisle, IL 60532. The telephone number is (855) 267-3837. The Sponsor The Funds are each managed and controlled by Amplify Investments LLC (the "Sponsor"), a single member limited liability co