Here are the 10-K annual reports from Breakwave Tanker Shipping ETF (BWET) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BWET and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BWET filings page.
Amplify Commodity Trust reported combined net income of $79.2 million for the year ended June 30, 2026, compared with a combined net loss of $17.5 million the prior year. BDRY reported net income of $40.4 million and BWET reported net income of $38.8 million. Across both funds, realized futures gains were $83.5 million, alongside a $3.5 million change in unrealized futures losses and a $0.8 million net investment loss.
Combined net assets were $45.1 million at June 30, 2026, down from $67.1 million a year earlier. Share transactions reduced net assets by $101.2 million, with $236.8 million in redemptions and $135.6 million in additions; operations increased net assets by $79.2 million. The funds invest principally in exchange-cleared freight futures. BDRY's benchmark mix includes 50% Capesize, 40% Panamax and 10% Supramax exposure; BWET's includes 90% TD3C and 10% TD20 exposure. Each fund's covered expenses are capped at an annual rate of 3.50% through December 31, 2026, excluding brokerage commissions, interest expense and extraordinary expenses. Futures also carry risks of losses beyond variation margin and possible illiquidity.