Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets or products that invest in futures and options. Before you decide to trade futures and options or products that invest in futures and options, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, options or related products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.

 The past performance of any trading system or methodology is not necessarily indicative of future results.

Educate yourself on the risks associated with shipping and commodities related investments, and seek advice from an independent financial or tax advisor if you have any questions.

 Breakwave Advisors LLC makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contain on this website or any sites linked to or from this site. Breakwave Advisors LLC expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.

 Breakwave Advisors LLC is the commodity trading advisor (CTA) for the Breakwave Dry Bulk Shipping ETF (NYSE-Arca: BDRY) and the Breakwave Tanker Shipping ETF (NYSE-Arca: BWET) and as a result receives compensation from the Funds for providing such services.

 Breakwave Advisors LLC is a registered NFA member.

Breakwave Advisors LLC is a member of the Baltic Exchange.

Braemar Securities Limited is the exclusive sponsor of the Company’s “Insights” web page and Breakwave Advisors LLC is compensated for such sponsorship. Furthermore, Braemar Securities Limited also acts as one of the many introducing brokers for trades placed by Breakwave Advisors LLC as CTA, on behalf of the Breakwave Dry Bulk Shipping ETF (BDRY). As a result, certain conflicts of interest may arise in connection with the execution of trades for client accounts. However, Breakwave Advisors LLC has established policies and procedures that have been reasonably designed and implemented to help manage these conflicts of interest and prevent Breakwave Advisors LLC from inappropriately favoring one introducing broker over another.

 All opinions expressed herein have been prepared by Breakwave Advisors LLC and/or its affiliates and contributors solely for general information purposes and does not constitute and will not form part of and should not be construed as a solicitation of any offer to buy or sell any security, commodity, investment product or related derivative or to participate in any trading or investment strategy. The opinions and estimates included herein reflect views and available information obtained from sources that the firm believes to be reliable as of the dates specified and may have been and may be subject to change without notice. Breakwave Advisors LLC does not guarantee the accuracy or completeness of any information obtained from third parties.

An investment in BDRY and/or BWET (“the Funds”) involves significant risks. You could lose all or part of your investment in the Funds, and each of the Fund’s performance could trail that of other investments. The value of the Shares of the Funds relates directly to the value of, and realized profit or loss from, the Freight Futures and other assets held by the Fund, and fluctuations in price could materially affect the Funds’ shares. Investments in freight futures typically fluctuate in value with changes in spot charter rates. Charter rates for dry bulk and tanker vessels are volatile and have declined significantly since their historic highs and may remain at low levels or decrease further in the future. The Funds will not take defensive positions to protect against declining freight rates, which could cause a decline to the value of the Funds’ shares.

 Although the Funds’ shares are listed and traded on the NYSE Arca, there can be no guarantee that an active trading market for the shares will be maintained. If an investor needs to sell shares at a time when no active trading market for them exists, the price the investor receives upon sale of the shares, assuming they were able to be sold, likely would be lower than if an active market existed.

Carefully consider each of the Fund’s investment objectives, risk factors, charges, and expenses before investing. This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing. Investing in freight futures can be volatile and is not suitable for all investors.

The Funds are not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

Amplify Investments LLC, the Sponsor, serves as the “commodity pool operator” to the Funds and is registered in such capacity with the NFA. The Funds are distributed by Foreside Fund Distributors LLC, not an affiliate.

Breakwave Advisors LLC is not affiliated with Amplify Investments LLC or Foreside Fund Distributors LLC.