Amplify Commodity Trust

# Amplify Commodity Trust

This Delaware-incorporated commodity trust, listed on the NYSE under the ticker BDRY, provides exposure to global shipping freight markets through a passive investment vehicle. The trust implements its investment strategy by maintaining a portfolio of freight futures contracts that track maritime shipping rates across three primary vessel classes: Capesize, Panamax, and Supramax ships. These vessel categories represent the most commonly traded segments of the dry bulk shipping market, with the Capesize class typically used for long-haul commodity transport, Panamax vessels designed for maximum canal-transit efficiency, and Supramax ships serving regional and smaller-scale trade routes.

The trust's revenue structure is derived from managing the Benchmark Portfolio of freight futures, which are standardized contracts based on daily freight rate assessments. Investors in the trust gain indirect exposure to dry bulk shipping freight rates without direct ownership of vessels or shipping companies. The fund's operations involve ongoing portfolio management, including rolling forward maturing futures contracts to maintain consistent market exposure according to its benchmark methodology. As a closed-end commodity trust, it does not report traditional employee counts or geographic operations in the manner of operating companies, instead functioning as a passive investment vehicle designed to track freight market performance.