Note 7 – Quarterly Financial Data (Unaudited)

The following summarized quarterly financial information presents the results of operations for the Teucrium Corn Fund and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.

	First			Second			Third			Fourth
	Quarter 2016			Quarter 2016			Quarter 2016			Quarter 2016
Total Income (Loss)	$	(2,166,864	)	$	190,068		$	(5,440,285	)	$	822,596
Total Expenses	$	773,352		$	700,320		$	878,103		$	1,060,142
Total Expenses, net	$	773,352		$	700,320		$	743,942		$	751,970
Net Income (Loss)	$	(2,940,216	)	$	(510,252	)	$	(6,184,227	)	$	70,626
Net Income (Loss) per share	$	(1.05	)	$	0.15		$	(1.63	)	$	0.06

	First			Second		Third			Fourth
	Quarter 2015			Quarter 2015		Quarter 2015			Quarter 2015
Total (Loss) Income	$	(5,644,150	)	$	4,832,415	$	(7,309,990	)	$	(5,925,283	)
Total Expenses	$	773,054		$	767,280	$	830,024		$	862,174
Total Expenses, net	$	773,054		$	767,280	$	813,440		$	782,690
Net (Loss) Income	$	(6,417,204	)	$	4,065,135	$	(8,123,430	)	$	(6,707,973	)
Net (Loss) Income per share	$	(1.87	)	$	1.13	$	(2.34	)	$	(2.30	)

Quarterly Financial Data (Unaudited)

Note 7 – Quarterly Financial Data (Unaudited)

The following summarized quarterly financial information presents the results of operations for the Teucrium Soybean Fund and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.

	First		Second		Third			Fourth
	Quarter 2016		Quarter 2016		Quarter 2016			Quarter 2016
Total Income (Loss)	$	456,077	$	2,124,042	$	(1,566,866	)	$	558,954
Total Expenses	$	86,484	$	122,710	$	189,647		$	147,752
Total Expenses, net	$	86,484	$	122,710	$	126,534		$	141,951
Net Income (Loss)	$	369,593	$	2,001,332	$	(1,693,400	)	$	417,003
Net Income (Loss) per share	$	0.68	$	3.35	$	(2.84	)	$	0.55

	First			Second		Third			Fourth
	Quarter 2015			Quarter 2015		Quarter 2015			Quarter 2015
Total (Loss) Income	$	(526,088	)	$	387,766	$	(974,019	)	$	(175,741	)
Total Expenses	$	92,839		$	112,600	$	199,526		$	129,385
Total Expenses, net	$	43,689		$	47,578	$	69,975		$	68,499
Net (Loss) Income	$	(569,777	)	$	340,188	$	(1,043,994	)	$	(244,241	)
Net (Loss) Income per share	$	(1.17	)	$	0.98	$	(2.62	)	$	(0.64	)

Quarterly Financial Data (Unaudited)

Note 7 – Quarterly Financial Data (Unaudited)

The following summarized quarterly financial information presents the results of operations for the Teucrium Sugar Fund and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.

	First			Second		Third		Fourth
	Quarter 2016			Quarter 2016		Quarter 2016		Quarter 2016
Total Income (Loss)	$	1,628		$	1,344,301	$	939,912	$	(796,550	)
Total Expenses	$	42,333		$	93,020	$	88,916	$	64,040
Total Expenses, net	$	27,353		$	34,614	$	40,873	$	37,188
Net (Loss) Income	$	(25,725	)	$	1,309,687	$	899,039	$	(833,738	)
Net Income (Loss) per share	$	0.51		$	2.39	$	1.73	$	(1.68	)

	First			Second			Third			Fourth
	Quarter 2015			Quarter 2015			Quarter 2015			Quarter 2015
Total (Loss) Income	$	(551,776	)	$	(90,123	)	$	(328,266	)	$	565,955
Total Expenses	$	28,517		$	86,939		$	128,825		$	83,542
Total Expenses, net	$	12,101		$	15,530		$	19,472		$	24,493
Net (Loss) Income	$	(563,877	)	$	(105,653	)	$	(347,738	)	$	541,462
Net (Loss) Income per share	$	(2.27	)	$	(0.07	)	$	(0.74	)	$	1.27

Quarterly Financial Data (Unaudited)

Note 7 – Quarterly Financial Data (Unaudited)

The following summarized quarterly financial information presents the results of operations for the Teucrium Wheat Fund and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.

	First			Second			Third			Fourth
	Quarter 2016			Quarter 2016			Quarter 2016			Quarter 2016
Total Loss	$	(139,504	)	$	(2,771,883	)	$	(6,298,223	)	$	(2,187,317	)
Total Expenses	$	265,750		$	309,403		$	608,506		$	670,923
Total Expenses, net	$	265,750		$	309,403		$	558,990		$	580,411
Net Loss	$	(405,254	)	$	(3,081,286	)	$	(6,857,213	)	$	(2,767,728	)
Net Loss per share	$	(0.14	)	$	(0.79	)	$	(1.03	)	$	(0.30	)

	First			Second		Third			Fourth
	Quarter 2015			Quarter 2015		Quarter 2015			Quarter 2015
Total (Loss) Income	$	(2,895,379	)	$	3,883,225	$	(5,771,360	)	$	(2,363,203	)
Total Expenses	$	186,713		$	253,786	$	307,481		$	373,724
Total Expenses, net	$	172,413		$	236,786	$	296,607		$	285,182
Net (Loss) Income	$	(3,067,792	)	$	3,646,439	$	(6,067,967	)	$	(2,648,385	)
Net (Loss) Income per share	$	(1.81	)	$	1.30	$	(2.13	)	$	(0.93	)

Quarterly Financial Data (Unaudited)

Note 6 – Quarterly Financial Data (Unaudited)

The following summarized quarterly financial information presents the results of operations for the Teucrium Agricultural Fund and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.

	First		Second		Third			Fourth
	Quarter 2016		Quarter 2016		Quarter 2016			Quarter 2016
Total Income (Loss)	$	9,249	$	104,911	$	(78,441	)	$	(41,939	)
Total Expenses	$	21,991	$	6,573	$	11,603		$	5,092
Total Expenses, net	$	1,634	$	1,760	$	1,710		$	1,696
Net Income (Loss)	$	7,615	$	103,151	$	(80,151	)	$	(43,635	)
Net Income (Loss) per share	$	0.15	$	2.06	$	(1.60	)	$	(0.87	)

	First			Second		Third			Fourth
	Quarter 2015			Quarter 2015		Quarter 2015			Quarter 2015
Total (Loss) Income	$	(184,220	)	$	78,385	$	(179,166	)	$	(31,185	)
Total Expenses	$	22,615		$	59,576	$	104,995		$	13,050
Total Expenses, net	$	1,925		$	1,796	$	1,738		$	1,714
Net (Loss) Income	$	(186,145	)	$	76,589	$	(180,904	)	$	(32,899	)
Net (Loss) Income per share	$	(3.72	)	$	1.53	$	(3.62	)	$	(0.65	)