Amplify Commodity Trust

The trust is organized in Delaware and has its principal office in Lisle, Illinois, while the trustee is based in Wilmington, Delaware. Its funds trade on NYSE Arca in the United States, and the sponsor is a U.S.-based registered commodity pool operator. Although the underlying freight benchmarks reflect global shipping markets, the trust’s legal domicile, administration, and listing venue are all U.S.-centered. The business is therefore operationally domestic but economically exposed to international shipping routes, port conditions, and global trade disruptions. Regulatory risk is also concentrated in the United States because the funds operate under CFTC and NFA oversight.

The trust is exposed to sharp volatility in freight futures, which can cause large swings in fund performance because the products are designed to track daily changes in shipping rates. Regulatory risk is material because commodity pools and futures markets are subject to CFTC, NFA, and exchange rule changes that could alter leverage, margin, position limits, or the ability to implement the strategy. The funds also face counterparty, clearing, and margin risk through futures execution and clearing arrangements, even though the sponsor seeks to mitigate these exposures by using creditworthy counterparties and limiting posted margin. Because the underlying markets are global, geopolitical disruptions, port delays, weather, and trade flows can move rates abruptly and create tracking and liquidity stress. As exchange-traded commodity products, the funds are also sensitive to investor sentiment and market liquidity, which can widen spreads or amplify NAV-versus-market-price dislocations.