Form 424B3 - Prospectus [Rule 424(b)(3)]
December 09 2024 - 2:09PM
Edgar (US Regulatory)
Filed pursuant to Rule 424(b)(3)
Registration No. 333-263425
Amplify
Commodity Trust
(the “Trust”)
Breakwave
Dry Bulk Shipping ETF
(the “Fund”)
Supplement
to The Fund’s Prospectus Dated February 15, 2024
December
9, 2024
This supplement is to the
prospectus (the “Prospectus”) of the Trust dated February 15, 2024, which relates to shares (the “Shares”) issued
by the Breakwave Dry Bulk Shipping ETF, a series of the Trust. The Shares have previously been registered under the Securities Act of
1933, as amended, on a registration statement bearing File No. 333-263425. Capitalized terms used but not defined herein shall have the
meanings assigned to them by the Prospectus. This Prospectus supplement should be read in its entirety and kept together with your Prospectus
for future reference.
Effective immediately, the
term of the Fund’s Expense Cap has been extended through December 31, 2025.
Pursuant to the Expense Cap,
during the term of the waiver, Breakwave may recoup any fees waived for three years from the time initially waived by Breakwave pursuant
to the Expense Cap; however, no repayment will be made if such repayment causes the Fund’s Total Expenses after the repayment to
exceed either (i) the Expense Cap in place at the time such amounts were waived, or (ii) the Fund’s current Expense Cap. Such recoupment
is limited to three years from the date the amount is initially waived.
The date
of this prospectus supplement is December 9, 2024.
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