Breakwave Tanker Shipping ETF
BWET
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3333 Warrenville Road Lisle IL United States of America 60532
- IPO Date
- May 3, 2023
- CIK
- 0001610940
- Website
- amplifyetfs.com
- Similar Companies
- Business
- Breakwave Tanker Shipping ETF (BWET), sponsored by Amplify Investments LLC, operates as an exchange-traded fund that provides investors with unlevered exposure to crude oil tanker freight futures rates by tracking the daily price movements of the Breakwave Tanker Futures Index. The fund invests primarily in a portfolio of freight futures contracts with a weighted average expiration of approximately 60-90 days, utilizing one-to-six month forward contracts; it allocates 90% to TD3C index contracts for Very Large Crude Carriers (VLCCs), which transport crude oil mainly from the Middle East and Americas to Asia, and 10% to TD20 index contracts for Suezmax vessels, which operate primarily in the Atlantic and represent the largest tankers able to transit the Suez Canal. Listed on the NYSE Arca with ticker BWET, the fund employs a proprietary annual rebalancing methodology and maintains an expense ratio capped at 3.50% through December 31, 2025. Launched on May 3, 2023, and domiciled in the United States with headquarters associated with its sponsor in Wilmington, Delaware, BWET targets investors seeking pure-play access to the global crude oil tanker shipping segment of the energy commodity market, which exhibits low correlation to traditional assets like equities and fixed income. In a significant operational change, ETF Managers Capital LLC resigned as sponsor of the underlying ETF Managers Group Commodity Trust I—encompassing BWET and the related Breakwave Dry Bulk Shipping ETF (BDRY)—on December 28, 2023, transferring the role to Amplify Investments LLC following regulatory approval; Breakwave Advisors LLC continues as the registered commodity trading advisor, specializing in shipping and freight investments. The fund announced a net asset value adjustment in July 2025 amid volatile tanker charter rates, reflecting ongoing sensitivity to spot market fluctuations without defensive positioning. No major acquisitions, new product launches, or further strategic alliances have been reported in the last two years.