XML 47 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Organization and Operation (Tables)
6 Months Ended
Jun. 30, 2017
Teucrium Corn Fund [Member]  
Schedule of benchmark weighting of futures contracts applied to NAV

The investment objective of CORN is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for corn (“Corn Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”):

 

CORN Benchmark 

CBOT Corn Futures Contract Weighting
Second to expire 35%
Third to expire 30%
December following the third to expire 35%
Teucrium Soybean Fund [Member]  
Schedule of benchmark weighting of futures contracts applied to NAV

The investment objective of SOYB is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for soybeans (“Soybeans Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”):

   

SOYB Benchmark 

CBOT Soybeans Futures Contract Weighting
Second to expire (excluding August & September) 35%
Third to expire (excluding August & September) 30%
Expiring in the November following the expiration of the third-to-expire contract 35%

  

Teucrium Sugar Fund [Member]  
Schedule of benchmark weighting of futures contracts applied to NAV

The investment objective of CANE is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for No. 11 sugar (“Sugar Futures Contracts”) that are traded on the ICE Futures US (“ICE”):

 

CANE Benchmark 

ICE Sugar Futures Contract Weighting
Second to expire 35%
Third to expire 30%
Expiring in the March following the expiration of the third-to-expire contract 35%

  

Teucrium Wheat Fund [Member]  
Schedule of benchmark weighting of futures contracts applied to NAV

The investment objective of WEAT is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (“Wheat Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”):

  

WEAT Benchmark 

CBOT Wheat Futures Contract Weighting
Second to expire 35%
Third to expire 30%
December following the third-to-expire 35%
Teucrium Agricultural Fund [Member]  
Schedule of benchmark weighting of futures contracts applied to NAV

The Underlying Fund Average will have a weighting of 25% to each Underlying Fund, and the Fund’s assets will be rebalanced, generally on a daily basis, to maintain the approximate 25% allocation to each Underlying Fund:

 

TAGS Benchmark

Underlying Fund Weighting
CORN 25%
SOYB 25%
CANE 25%
WEAT 25%

 

Specifically, the Teucrium Corn Fund’s Benchmark is:

 

CORN Benchmark

CBOT Corn Futures Contract Weighting
Second to expire 35%
Third to expire 30%
December following the third to expire 35%

 

The Teucrium Wheat Fund’s Benchmark is:

 

WEAT Benchmark

CBOT Wheat Futures Contract Weighting
Second to expire 35%
Third to expire 30%
December following the third-to-expire 35%

 

The Teucrium Soybean Fund’s Benchmark is:

 

SOYB Benchmark

CBOT Soybeans Futures Contract Weighting
Second to expire (excluding August & September) 35%
Third to expire (excluding August & September) 30%
Expiring in the November following the expiration of the third-to-expire contract 35%

 

The Teucrium Sugar Fund’s Benchmark is:

 

CANE Benchmark

ICE Sugar Futures Contract Weighting
Second to expire 35%
Third to expire 30%
Expiring in the March following the expiration of the third-to-expire contract 35%