Teucrium TAGS Fund

TAGS Daily Facts

as of 9/2/2014*

NAV $34.47 Shares Outstanding 50,002
4pm Bid/Ask Midpoint $33.67 Shares Available 4,650,000
Premium/Discount -2.32% Total Net Assets $1,723,665.98
Closing Price $34.81

* For weekends and holidays: Although this is the date of the last business day, the Total Net Assets reflect expense and interest accruals up to, but not including the next business day. For example, on Fridays the TNA will reflect accruals for Friday, Saturday and Sunday.

Key Fund Facts

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Tuesday, 02 Sep 2014

TAGS Fund NYSE:TAGS

Teucrium TAGS Fund Teucrium TAGS Fund

The Teucrium Agricultural Fund

 

The Teucrium Agricultural Fund (NYSE: TAGS) provides investors exposure to four core agricultural commodities, namely, corn, wheat, soybeans, and sugar, without the need for a futures account. TAGS invests directly in shares of the following four Teucrium Funds: Teucrium Corn Fund, Teucrium Soybean Fund, Teucrium Sugar Fund and Teucrium Wheat Fund (the “Underlying Funds”). The Underlying Funds were designed to reduce the effects of backwardation and contango.

 

The investment objective of the Fund is to have the daily changes in percentage terms of the Shares’ NAV reflect the daily changes in percentage terms of a weighted average (the “Underlying Fund Average”) of the NAVs per share of the Underlying Funds. The Fund seeks to achieve its investment objective by investing under normal market conditions in the publicly-traded shares of each Underlying Fund so that 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.

 

Specifically, the Teucrium Corn Fund’s Benchmark is: (1) the second-to-expire Futures Contract for corn traded on the Chicago Board of Trade (“CBOT”), weighted 35%, (2) the third-to-expire CBOT Corn Futures Contract, weighted 30%, and (3) the CBOT Corn Futures Contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%. The Teucrium Wheat Fund’s Benchmark is: (1) the second-to-expire CBOT Wheat Futures Contract, weighted 35%, (2) the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and (3) the CBOT Wheat Futures Contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%. The Teucrium Soybean Fund’s Benchmark is: (1) the 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%, except that CBOT Soybean Futures Contracts expiring in August and September will not be part of the Teucrium Soybean Fund’s Benchmark because of the less liquid market for these Futures Contracts. The Teucrium Sugar Fund’s Benchmark is: (1) the second-to-expire Sugar No. 11 Futures Contract traded on ICE Futures US (“ICE Futures”), weighted 35%, (2) the third-to-expire ICE Futures Sugar No. 11 Futures Contract, weighted 30%, and (3) the ICE Futures Sugar No. 11 Futures Contract expiring in the March following the expiration month of the third-to-expire contract, weighted 35%.

 

The Teucrium Agricultural Fund (the “Fund”) is a commodity pool that issues common units representing fractional undivided beneficial interests in the Fund, called Shares, that may be purchased and sold on the NYSE Arca. The Fund is a series of the Trust, a Delaware statutory trust organized on September 11, 2009. The Fund is one of seven series of the Trust; each series operates as a separate commodity pool. Additional series of the Trust may be created in the future. The Trust and the Fund operate pursuant to the Trust’s Second Amended and Restated Declaration of Trust and Trust Agreement (the “Trust Agreement”). The Fund was formed and is managed and controlled by the Sponsor, Teucrium Trading, LLC. The Sponsor, a limited liability company formed in Delaware on July 28, 2009, is registered as a commodity pool operator (“CPO”) with the Commodity Futures Trading Commission (“CFTC”) and is a member of the National Futures Association (“NFA”).

 

The Teucrium Agricultural Fund provides investors exposure to four core agricultural commodities without the need for a futures account. TAGS invests directly in shares of the following four Teucrium Funds: Teucrium Corn Fund, Teucrium Soybean Fund, Teucrium Sugar Fund and Teucrium Wheat Fund (the “Underlying Funds”).

 

Investing in the Underlying Funds subjects TAGS to the risks of the corn, wheat, soybean, and sugar markets, and this could result in substantial fluctuations in the price of Shares of TAGS. Unlike mutual funds, TAGS generally will not distribute dividends to Shareholders.

 

Investors may choose to use TAGS as a means of investing indirectly in corn, wheat, soybeans, and sugar, and there are risks involved in such investments and activities. The Sponsor has limited experience in operating a commodity pool, which is defined as an enterprise in which several individuals contribute funds in order to trade futures or futures options collectively.

 

Commodities and futures generally are volatile and are not suitable for all investors.

 

The Teucrium Agricultural Fund is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

 

Shares of the Teucrium Agricultural Fund are not FDIC insured, may lose value, and have no bank guarantee.

 

All supporting documentation will be provided upon request.

 

Foreside Fund Services, LLC is the distributor for the Teucrium Agricultural Fund.

 

© 2014 TEUCRIUM TRADING, LLC. All rights reserved.

TAGS Facts Details

Fund Symbol
TAGS
NAV Symbol
TAGS.IV
Listing Exchange
NYSE Arca
CUSIP
88166A706

TAGS Expense Ratio

Expense Ratio 0.50%
* Includes all expense paid by the Fund, including the management fee, as presented in the Form S-1 dated May 1, 2014.

IIV Disclaimer

Intraday Indicative Value (IIV): An Intraday Indicative Value is published by NYSE Alternext US for each ETP as a reference value to be used in conjunction with other ETP market information. The Intraday Indicative Value for the Teucrium TAGS Fund is published under a separate symbol every 15 seconds over the Consolidated Tape and calculated throughout the trading day using the prior day’s closing Net Asset Value per share as a base and updating that value throughout the trading day to reflect changes in the value of the Underlying Funds’ indicative fund values. (The Underlying Funds are the Teucrium Corn Fund, the Teucrium Soybean Fund, the Teucrium Sugar Fund and the Teucrium Wheat Fund.) These, in turn, represent changes in the corn, wheat, soybean, and sugar interests held by the Underlying Funds during the trading day. Generally, the IIV for TAGS will be based on the bid/ask midpoint of the Underlying Funds. This value is also referred to as an “Underlying Trading Value,” “Indicative Optimized Portfolio Value (IOPV),” and “Intraday Value” in various places such as the prospectus and marketing materials for different ETPs. The Intraday Indicative Value is designed to give investors a sense of the share price of the Fund on an intraday basis. However, for various reasons, the Intraday Indicative Value should not be viewed as an actual real time update of the Net Asset Value. The TAGS IIV is updated during the pre- and post-market hours in addition to the regular trading hours, and as such, the absolute and percentage changes to the previous close may not reflect the change from the 4 p.m. EST close of the NYSE Arca, but rather the change from a later time. We believe for the Teucrium TAGS Fund that the IIV calculation is most accurate when the exchange pits for the commodities of all the Underlying Funds are open. For trading hours, see http://www.cmegroup.com/trading_hours/. For Sugar No. 11 electronic trading hours on ICE Futures U.S., see https://www.theice.com/.

The information for the TAGS IIV is obtained from an independent source, and the Teucrium TAGS Fund and Teucrium Trading, LLC are not responsible for the content. The Teucrium Agricultural Fund and Teucrium Trading, LLC make no judgment or warranty with respect to the accuracy, timeliness or suitability of the content.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information. Read the prospectus carefully before investing. An investment in the Fund involves risk, include possible loss of principal.

The Teucrium Corn, WTI Crude Oil, Natural Gas, Sugar, Soybean, Wheat and Agricultural Funds (the "Funds") are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.

Commodities and futures generally are volatile and are not suitable for all investors.

Foreside Fund Services, LLC is the distributor for the Teucrium Funds.

© 2014 TEUCRIUM TRADING, LLC. All rights reserved.

Prospectus Downloads

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Tax Redirect

You are now leaving www.teucriumcornfund.com and entering a linked web site pertaining to K-1 tax information for shareholders of the Teucrium Corn Fund. Teucrium Trading, LLC and the Teucrium Corn Fund are not responsible for the information presented on the linked site. Please see the new information regarding electronic K-1 delivery.

 

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