---
ticker: "BDRY"
name: "Breakwave Dry Bulk Shipping ETF"
url: "https://etf.net/etf/BDRY"
grade: "F"
score: 17
graded_at: "2026-10-12"
category: "Commodity Futures"
category_rank: "15 of 15"
methodology: "https://etf.net/methodology"
---

# BDRY: Breakwave Dry Bulk Shipping ETF

Grade **F**, Score 17 of 100. Rank 15 of 15 in Commodity Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 15 of 15 |
| Mission | Not scored | — |
| Risk | 29 | 13 of 15 |
| Tradability | 30 | 11 of 15 |
| Holdings | 57 | 3 of 5 |
| Durability | 56 | 8 of 15 |

## Top holdings

The fund holds 17 positions. These are the largest 17, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Other | 38.82% |
| 2 | C5TCM Z26 INDEX | Capesize 5TC FFA 180kt Timecharter Average M Dec 26 | 8.77% |
| 3 | C5TCM X26 INDEX | Capesize 5TC FFA 180kt Timecharter Average M Nov 26 | 8.60% |
| 4 | AGPXX | Invesco Government & Agency Portfolio 12/31/2031 | 8.52% |
| 5 | C5TCM V26 INDEX | Capesize 5TC FFA 180kt Timecharter Average M Oct 26 | 8.02% |
| 6 | P5TCM V26 INDEX | Panamax 5TC FFA 82kt Timecharter Average M Oct 26 | 7.03% |
| 7 | P5TCM X26 INDEX | Panamax 5TC FFA 82kt Timecharter Average M Nov 26 | 6.85% |
| 8 | P5TCM Z26 INDEX | Panamax 5TC FFA 82kt Timecharter Average M Dec 26 | 6.81% |
| 9 | S58FM V26 INDEX | Supramax 58 TC FFA 58kt Timecharter Average M Oct 26 | 1.87% |
| 10 | S58FM X26 INDEX | Supramax 58 TC FFA 58kt Timecharter Average M Nov 26 | 1.80% |
| 11 | S58FM Z26 INDEX | Supramax 58 TC FFA 58kt Timecharter Average M Dec 26 | 1.78% |
| 12 | C5TCM F27 FISF INDEX | Capesize 5TC 180kt Timecharter Average M Jan 27 | 0.25% |
| 13 | C5TCM H27 GFII INDEX | Capesize 5TC 180kt Timecharter Average M Mar 27 | 0.24% |
| 14 | C5TCM G27 GFII INDEX | Capesize 5TC 180kt Timecharter Average M Feb 27 | 0.21% |
| 15 | P5TCM F27 FISF INDEX | Panamax 5TC FFA 82kt Timecharter Average M Jan 27 | 0.15% |
| 16 | P5TCM H27 GFII INDEX | Panamax 5TC FFA 82kt Timecharter Average M Mar 27 | 0.14% |
| 17 | P5TCM G27 COMT INDEX | Panamax 5TC FFA 82kt Timecharter Average M Feb 27 | 0.14% |

Source: etf.net, https://etf.net/etf/BDRY. Please cite the page URL.