Amplify Commodity Trust operates exchange-traded funds designed to give investors direct exposure to shipping freight futures. The trust manages two funds listed on NYSE Arca: the Breakwave Dry Bulk Shipping ETF and the Breakwave Tanker Shipping ETF. The Breakwave Dry Bulk Shipping ETF holds futures contracts tied to the freight costs of shipping dry bulk commodities, including iron ore, coal, and grain, across Capesize, Panamax, and Supramax vessels. The Breakwave Tanker Shipping ETF holds futures contracts tied to crude oil tanker freight rates. Both funds maintain long-only portfolios by investing in a rolling strip of near-term futures contracts, while holding remaining collateral in cash and short-term U.S. Treasuries. The trust targets retail and institutional investors seeking liquid exposure to volatile freight markets without owning physical vessels or trading over-the-counter derivatives. Amplify Commodity Trust generates revenue by charging management and advisory fees based on the total assets under management across its funds.