other material
confidence high
sentiment neutral
materiality 0.50
Breakwave Dry Bulk Shipping ETF extends expense cap of 3.50% through March 31, 2024
Amplify Commodity Trust
- Effective Sept 1, 2022, new fee waiver/expense limitation agreements cap total annual expenses at 3.50% for BDRY until March 31, 2024.
- Prior expense limitation and fee waiver agreements (2018, 2019) terminated as of Sept 1, 2022; cap previously was until Feb 28, 2023.
- Breakwave Advisors waives its CTA fee; Sponsor ETF Managers Capital assumes other expenses above the cap.
- Breakwave may recoup waived fees within 3 years if expense ratio later falls below cap, subject to conditions.