Group 1: Shipping Industry Performance - The Breakwave Tanker Shipping ETF (BWET) and Breakwave Dry Bulk Shipping ETF (BDRY) have seen significant YTD gains of 100% and 31% respectively, driven by record crude oil tanker shipping rates and strong demand for dry bulk shipping [1][1][1] - Crude oil tanker rates nearly tripled over the last year, with a shortage of tanker vessels contributing to soaring rates in February [1][1][1] - South Korean shipping company Sinokor Group has gained a substantial share of the tanker market, controlling at least 120 VLCCs, which has driven up shipping costs [1][1][1] - Dry bulk shipping rates are rising due to strong demand for critical metals and limited vessel availability along key trading routes [1][1][1] Group 2: South Korean Market Performance - South Korea's KOSPI Composite has increased over 30% YTD, driven by strong performances from AI and semiconductor companies like Samsung Electronics (+51.5%) and SK Hynix (+35.89%) [1][1][1] - The new Presidential administration's pro-reform agenda aimed at increasing shareholder value has also contributed to market enthusiasm [1][1][1] - ETFs such as the iShares MSCI South Korea ETF (EWY) are up 37.8% YTD, with other ETFs like Matthews Korea Active ETF (MKOR) and Franklin FTSE South Korea ETF (FLKR) also showing strong performance [1][1][1] Group 3: Oil Services Sector - The oil services sector has benefited from a 20% YTD increase in energy prices, with earnings estimates improving due to better prospects for energy pricing [1][1][1] - Companies like SLB are leveraging AI and digital technology to enhance efficiency and productivity in a tight pricing environment [1][1][1] - ETFs such as the VanEck Oil Services ETF (OIH) and others are up more than 33% YTD, reflecting the positive trends in the oil services industry [1][1][1]

Group 1 - Amplify ETFs announced an increase in the net asset value (NAV) of the Breakwave Tanker Shipping ETF (BWET) by $0.2834 per share on August 28, 2025, due to a security pricing error [1][2] - The revised NAV for BWET is $12.6307, reflecting a 2.30% increase from the original NAV of $12.3473 [2] - This adjustment is a one-time correction, and no further NAV changes are anticipated [2] Group 2 - Amplify ETFs manages over $13.6 billion in assets across its suite of ETFs as of August 31, 2025, providing various investment opportunities [3] - The Fund is not classified as a mutual fund or any other type of investment company under the Investment Company Act of 1940 [4] - Breakwave Advisors LLC acts as a registered commodity trading advisor for the Fund, specializing in shipping and freight investments [8]

Core Viewpoint - Amplify ETFs announced a correction in the net asset value (NAV) of the Breakwave Tanker Shipping ETF (BWET) due to a security pricing error, resulting in an increase of $0.1465 per share on July 23, 2025 [1][2]. Fund Performance - The revised NAV for BWET is $10.8364, up from the original NAV of $10.6899, reflecting a change of +1.37% [2]. - This adjustment is described as a one-time correction, with no further NAV changes expected [2]. Company Overview - Amplify ETFs, sponsored by Amplify Investments, manages over $12 billion in assets across its ETF offerings as of June 30, 2025 [3]. - The company focuses on providing diverse investment opportunities aimed at growth, income, and risk-managed strategies through both actively managed and index-based ETFs [3].