Amplify Commodity Trust
For the period ended Jun 30, 2024. Filed Sep 27, 2024.
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FY2024 · Filed Sep 27, 2024
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Item 11. Executive Compensation
The Funds have no employees, officers or directors and are managed by the Sponsor. None of the directors or officers of the Sponsor receive compensation from the Funds.
The Sponsor receives a management fee from BDRY, monthly in arrears, in an amount equal to the greater of 0.15% per annum on the daily NAV of BDRY or $125,000. The Sponsor receives a management fee from BWET, monthly in arrears, in an amount equal to the greater of 0.30% per annum on the daily NAV of BWET or $50,000. The Sponsor has contractually agreed to assume the Funds’ expenses (excluding brokerage fees, interest expense, and extraordinary expenses) in order to cap each Funds’ total annual expenses at 3.50% per annum through March 31, 2025. The management fees paid to the Sponsor by BDRY amounted to $125,001 and $128, for the years ended June 30, 2024 and 2023, respectively. The management fees paid to the Sponsor by BWET amounted to $50,001 and $8,083 for year ended June 30, 2024, and the period from May 3, 2023 (commencement of operations) to June 30, 2023.
The Sponsor also provides Principal Financial Officer, Chief Compliance Officer, Regulatory Reporting and Wholesale Support services to the Funds. The fees for each service provided to BDRY for the year ended June 30, 2024, all of which had been paid, or accrued, at June 30, 2024, were as follows:
| Service | BDRY Amount |
|---|---|
| Principal Financial Officer | $24,978 |
| Chief Compliance Officer | 24,978 |
| Regulatory Reporting | 24,978 |
| Legal | 80,314 |
| Wholesale Support | 93,035 |
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The fees for the above services provided to BWET for the year ended June 30, 2024, all of which had been paid, or accrued, at June 30, 2024, were as follows:
| Service | BWET Amount |
|---|---|
| Principal Financial Officer | $24,978 |
| Chief Compliance Officer | 24,978 |
| Regulatory Reporting | 24,978 |
| Legal | 75,906 |
| Wholesale Support | 20,391 |
In addition to the above, the Distributor provides Distribution services to the Funds. The fees for Distribution services paid to the Distributor were $15,193 for BDRY for the year ended June 30, 2024 and $11,339 for BWET for the year ended June 30, 2024.
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