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Financial Highlights (Soyb) (Teucrium Soybean Fund [Member])
12 Months Ended
Dec. 31, 2013
Teucrium Soybean Fund [Member]
 
Financial Highlights

Note 5 - Financial Highlights

 

The following table presents per unit performance data and other supplemental financial data for the years ended December 31, 2013, 2012 and for the period from the commencement of operations (September 19, 2011) through December 31, 2011. This information has been derived from information presented in the financial statements.

 

            From the commencement of
    Year ended   Year ended   operations (September 19, 2011)
Per Share Operation Performance   December 31, 2013   December 31, 2012   through December 31, 2011
Net asset value at beginning of period   $ 24.13     $ 21.86     $ 25.00  
Income from investment operations:                        
Investment income     0.01       0.02       -  
Net realized and unrealized gain (loss) on commodity futures contracts     0.31       4.15       (0.19 )
Total expenses     (1.50 )     (1.90 )     (2.95 )
Net (decrease) increase in net asset value     (1.18 )     2.27       (3.14 )
Net asset value at end of period   $ 22.95     $ 24.13     $ 21.86  
Total Return     (4.89 )%     10.38 %     (12.56 )%
Ratios to Average Net Assets                        
Total expense     6.30 %     7.50 %     3.05 %
Net investment loss     (6.26 )%     (7.42 )%     (3.00 )%

 

Total returns are calculated based on the change in value during the period. An individual shareholder's total return and ratios may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from the Fund.  The ratios, excluding non-recurring expenses, have been annualized.

 

The Financial Highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period under report. The asset-based per share data in the Financial Highlights are calculated using the prior day's net assets consistent with the methodology used to calculate asset-based fees and expenses.

 

The following table presents information about the sponsor fee and allocation of expenses for the years ended December 31, 2013, 2012 and from the commencement of operations (September 19, 2011) through December 31, 2011.

             
            From the commencement of
    Year ended   Year ended   operations (September 19, 2011)
Expenses   December 31, 2013   December 31, 2012   through December 31, 2011
Management Fee to the Sponsor   $ 61,250     $ 63,352     $ 4,930  
Expenses by the Fund   $ 385,308     $ 475,934     $ 19,006  
Expenses Paid by the Sponsor   $ 8,400     $ 11,600     $ 25,000  
Waived Management Fee   $ -     $ -     $ 1,200  

 

For the year ended December 31, 2012, there was also approximately $560,000 of expenses recorded on the financial statements of the Sponsor which were subject to reimbursement by the Fund in 2013. The Sponsor had not determined, as of December 31, 2012, if it would seek such reimbursement and, as such, due to the uncertainty of this reimbursement, the financial statements of the Fund did not reflect an adjustment for this amount. As of December 31, 2013, the Sponsor had been reimbursed by SOYB, a total of $47,200 of the $560,000; the Sponsor will not seek reimbursement in 2014 for any residual balance which is deemed attributable to the operation of the Fund. For the year ended December 31, 2013, there is approximately $590,000 of expenses recorded on the financial statements of the Sponsor which is subject to reimbursement by the Funds in 2014. The Sponsor has not yet determined if it will seek such reimbursement and, as such, due to the uncertainty of this reimbursement, the financial statements of the Trust and the Funds do not reflect an adjustment for this amount.