---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-054215"
form_type: "8-K"
ticker: "BDRY"
cik: "0001610940"
company_name: "Amplify Commodity Trust"
filed_at: "2022-09-06T23:59:59+00:00"
generated_at: "2026-06-23T15:23:56.346584+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Breakwave Dry Bulk Shipping ETF extends expense cap of 3.50% through March 31, 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-054215
- form_type: 8-K
- ticker: BDRY
- cik: 0001610940
- company_name: Amplify Commodity Trust
- filed_at: 2022-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610940/000121390022054215/0001213900-22-054215-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610940/000121390022054215/ea165401-8k_etfmanage1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-054215
- JSON: https://secwatch.observer/filing/0001213900-22-054215.json
- Plain text: https://secwatch.observer/filing/0001213900-22-054215.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.