Amplify Commodity Trust Files 10-Q for Q4 2023

TL;DR

<b>Amplify Commodity Trust filed its quarterly report (10-Q) for the period ending December 31, 2023, confirming compliance with SEC filing requirements.</b>

AI Summary

Amplify Commodity Trust (BWET) filed a Quarterly Report (10-Q) with the SEC on February 20, 2024. The filing is a 10-Q for the quarterly period ended December 31, 2023. Amplify Commodity Trust is registered under the 1934 Act. The trust is incorporated in Delaware. It is a smaller reporting company and an emerging growth company. The filing confirms it has submitted all required reports for the preceding 12 months and the past 90 days.

Why It Matters

For investors and stakeholders tracking Amplify Commodity Trust, this filing contains several important signals. This 10-Q filing provides investors with an update on the financial performance and operational status of Amplify Commodity Trust for the fourth quarter of 2023. As a smaller reporting and emerging growth company, this filing is crucial for understanding its current financial health and regulatory adherence.

Risk Assessment

Risk Level: — Amplify Commodity Trust shows moderate risk based on this filing. The filing is a standard 10-Q report, indicating routine disclosure and compliance rather than significant new risks or events.

Analyst Insight

Review the full 10-Q filing for detailed financial statements and management discussion to assess the trust's performance and outlook.

Key Numbers

• 20231231 — Quarterly Period End Date (Form 10-Q)
• 001-36851 — Commission File Number (SEC Filing)
• 36-4793446 — IRS Employer Identification No. (Filer Information)
• 0630 — Fiscal Year End (Company Data)
• 20140616 — Date of Name Change (Former Company Information)

Key Players & Entities

• Amplify Commodity Trust (company) — Registrant
• December 31, 2023 (date) — Quarterly period ended
• 1934 Act (regulator) — SEC Act
• Delaware (jurisdiction) — State of Incorporation
• ETF Managers Group Commodity Trust I (company) — Former Name
• BDRY (ticker) — Trading Symbol
• BWET (ticker) — Trading Symbol
• NYSE Arca, Inc. (company) — Name of Each Exchange

FAQ

Industry Context

The filing pertains to a commodity trust, which typically invests in physical commodities or futures contracts related to them.

Regulatory Implications

The filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, requiring regular reporting of financial and operational information.

What Investors Should Do

1. Review the full 10-Q for detailed financial statements.
2. Analyze management's discussion and analysis for insights into performance drivers.
3. Monitor future filings for changes in strategy or financial condition.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending December 31, 2023. Specific comparative data from the previous filing is not detailed in this header information.

Key Financial Figures

• $26,325,972 — ay yield as of December 31, 2023. (b) $26,325,972 and $1,500,719, respectively, of cash i
• $1,500,719 — ecember 31, 2023. (b) $26,325,972 and $1,500,719, respectively, of cash is pledged as co
• $35,323,736 — en-day yield as of June 30, 2023. (b) $35,323,736 and $2,879,954, respectively, of cash i
• $2,879,954 — of June 30, 2023. (b) $35,323,736 and $2,879,954, respectively, of cash is pledged as co

Filing Documents

• f10q1223_amplifycommod.htm (10-Q) — 1661KB
• f10q1223ex31-1_amplifycommod.htm (EX-31.1) — 11KB
• f10q1223ex31-2_amplifycommod.htm (EX-31.2) — 11KB
• f10q1223ex32-1_amplifycommod.htm (EX-32.1) — 4KB
• f10q1223ex32-2_amplifycommod.htm (EX-32.2) — 4KB
• image_001.jpg (GRAPHIC) — 88KB
• image_002.jpg (GRAPHIC) — 31KB
• image_003.jpg (GRAPHIC) — 85KB
• image_004.jpg (GRAPHIC) — 94KB
• image_005.jpg (GRAPHIC) — 91KB
• image_006.jpg (GRAPHIC) — 99KB
• image_007.jpg (GRAPHIC) — 90KB
• image_008.jpg (GRAPHIC) — 92KB
• image_009.jpg (GRAPHIC) — 95KB
• image_010.jpg (GRAPHIC) — 83KB
• image_011.jpg (GRAPHIC) — 91KB
• image_012.jpg (GRAPHIC) — 97KB
• 0001213900-24-015372.txt (&nbsp;) — 8744KB
• bdry-20231231.xsd (EX-101.SCH) — 68KB
• bdry-20231231_cal.xml (EX-101.CAL) — 24KB
• bdry-20231231_def.xml (EX-101.DEF) — 231KB
• bdry-20231231_lab.xml (EX-101.LAB) — 423KB
• bdry-20231231_pre.xml (EX-101.PRE) — 225KB
• f10q1223_amplifycommod_htm.xml (XML) — 1002KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended December 31, 2023 . OR Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______. Commission File Number: 001-36851 Amplify Commodity Trust (Exact Name of Registrant as Specified in Its Charter) Delaware 36-4793446 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 3333 Warrenville Road Suite 350 , Lisle , IL 60532 (Address of Principal Executive Offices) (Zip Code) 855 - 267-3837 (Registrant's Telephone Number, Including Area Code) ETF Managers Group Commodity Trust I 30 Maple Street Summit , NJ 07901 (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name Of Each Exchange On Which Registered Shares of Breakwave Dry Bulk Shipping ETF BDRY NYSE Arca, Inc. Shares of Breakwave Tanker Shipping ETF BWET NYSE Arca, Inc . Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T ( 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided in Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No Securities Registered Pursuant to Section 12(b) of the Act: The registrant had 4,050,040 outstanding shares as of February 1, 2024. (BDRY) The registrant had 825,100 outstanding shares as of February 1, 2024. (BWET) AMPLIFY COMMODITY TRUST Table of Contents Page Part I. FINANCIAL INFORMATION 1 Item 1. Interim Financial Statements 1 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 3. Quantitative and Qualitative Disclosures About Market Risk 56 Item 4. Controls and Procedures 56 Part II. OTHER INFORMATION 57 Item 1. Legal Proceedings 57 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57 Item 3. Defaults Upon Senior Securities 58 Item 4. Mine Safety Disclosures 58 Item 5. Other Information 58 Item 6. Exhibits 58 i Part I. INTERIM FINANCIAL INFORMATION Item 1. Interim Financial Statements. Index to Interim Financial Statements Documents Page Combined 2 Combined 3 Combined Schedules of Investments at December 31, 2023 (Unaudited) 4 Combined Schedules of Investments at June 30, 2023 5 Combined 6 Combined 7 Combined 8 Combined 9 Combined 10 Combined 11 Combined 12 Combined 13 Combined 14 Combined 15 Notes to Interim Combined Financial Statements 16 1 AMPLIFY COMMODITY TRUST (FORMERLY, ETF MANAGERS GROUP COMMODITY TRUST I) Combined December 31, 2023 (Unaudited) BREAKWAVE DRY BULK BREAKWAVE TANKER SHIPPING ETF SHIPPING ETF COMBINED Assets Investment in securities, at fair value (Cost $ 11,704,549 and $ 596,829 , respectively) $ 11,704,549 $ 596,829 $ 12,301,378 Segregated cash held by broker 26,325,972 1,500,719 27,826,691 Receivable on open futures contracts 23,286,315 - 23,286,315 Interest receivable 67,337 2,687 70,024 Total assets 61,384,173 2,100,235 63,484,408 Liabilities Payable on open futures contracts - 83,410 83,410 Other accrued expenses 85,462 3,514 88,976 Due to Sponsor 173,374 6,104 179,478 Total liabilities 258,836 93,028 351,864 Net Assets $ 61,125,337 $ 2,007,207 $ 63,132,544 Shares outstanding (unlimited authorized) 5,250,040 125,100 Net asset value p

View Full Filing

View this 10-Q filing on SEC EDGAR