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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 88166A508
- Market Cap
- Micro Cap · $2 Million
- IPO
- 9/16/2011
Fund Description: Teucrium Wheat Fund is a commodity pool that issues Shares that may be purchased and sold on the NYSE Arca. The Fund is a series of the Teucrium Commodity Trust. INVESTMENT OBJECTIVE: The Teucrium Wheat Fund seeks 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 (Soybean Futures Contracts) that are traded on the Chicago Board of Trade (CBOT). The three Soybean Futures Contracts will be: (1) second-to-expire CBOT Soybean Futures Contract, weighted 35%, (2) the third-to-expire CBOT Soybean Futures Contract, weighted 30%, and (3) the CBOT Soybean Futures Contract expiring in the November following the expiration month of the third-to-expire contract, weighted 35%. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing under normal market conditions in Benchmark Component Futures Contracts or, in certain circumstances, in other Wheat Futures Contracts traded on the CBOT, the Kansas City Board of Trade, or the Minneapolis Grain Exchange, or on foreign exchanges. In addition, and to a limited extent, the Fund also may invest in exchange-traded options on Wheat Futures Contracts and in wheat-based swap agreements that are cleared through the CBOT or its affiliated provider of clearing services (Cleared Wheat Swaps) in furtherance of the Fund's investment objective. Once position limits in CBOT Wheat Futures Contracts are applicable, the Fund's intention is to invest first in Cleared Wheat Swaps to the extent practicable under the position limits applicable to Cleared Wheat Swaps and appropriate in light of the liquidity in the Cleared Wheat Swap market, and then in contracts and instruments such as cash-settled options on Wheat Futures Contracts and forward contracts, swaps other than Cleared Wheat Swaps, and other over-the-counter transactions that are based on the price of wheat and Wheat Futures Contracts (collectively, Wheat Interests). Wheat Futures Contracts traded on the CBOT expire on a specified day in five different months: March, May, July, September and December. The Fund’s positions in Wheat Interests will be changed or rolled on a regular basis in order to track the changing nature of the Benchmark. The Fund invests in Wheat Interests to the fullest extent possible without being leveraged or unable to satisfy its expected current or potential margin or collateral obligations with respect to its investments in Wheat Interests. After fulfilling such margin and collateral requirements, the Fund will invest the remainder of its proceeds from the sale of baskets in obligations of the United States government (Treasury Securities) or cash equivalents, and/or merely hold such assets in cash (generally in interest-bearing accounts). FUND MANAGEMENT: The Sponsor of the Trust is Teucrium Trading, LLC,. The Sponsor is required to oversee the purchase and sale of Shares, manage the Fund’s investments and other administrative duties.
Company Contact
- Headquarters
- Three Canal Plaza, Suite 100, Portland, ME 04101
- Phone
- 877-376-0082 · Toll-Free 800-376-0082
- Investor Relations
- 877-376-0082 · info@teucrium.com