The 30-day median bid/ask spread is the median percentage difference between the highest bid price and lowest ask price relative to the midpoint price over the past 30 trading days.
The Premium/Discount shows the difference between the daily market price of the Fund's shares and the Fund's net asset value ("NAV"). The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. The amount that the fund's Market Price is above the reported NAV is called the premium. The amount that the fund's Market Price is below the reported NAV is called the discount.
The Fund is new and therefore does not have a performance history for a full calendar year as of the most recent quarter end.
THE PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE, DOES NOT GUARANTEE FUTURE RESULTS AND CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE DATA QUOTED. INVESTMENT RETURN AND PRINCIPAL VALUE WILL FLUCTUATE SO THAT THE INVESTOR’S SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THE ORIGINAL COST. TO OBTAIN PERFORMANCE AS CURRENT AS THE MOST RECENT MONTH END PLEASE DIAL 877-376-0082 OR VISIT www.teucrium.com/ezro. PERFORMANCE IS INCLUSIVE OF DIVIDENDS.
Important Disclosures and Risks
Momentum Leaders: “Momentum” refers to an investment strategy that seeks to identify securities demonstrating recent price strength, with the expectation that upward or downward trends may continue for a period of time.
Defensive Allocations: “Defensive allocations” typically include asset classes or positions that may be less sensitive to broad market declines, such as cash, short-term bonds, or low-volatility equity holdings. These allocations do not eliminate the risk of loss.
Adaptive Algorithms / Feedback Loops / Fuzzy Logic Models: These are systematic, data-driven processes used to interpret historical and real-time inputs. Feedback loops refer to the use of ongoing data to adjust inputs over time, while fuzzy logic allows for more flexible, rule-based decision-making under uncertainty.
There is no guarantee the strategy will be successful in limiting losses during periods of market decline. All investments carry risk, including the risk of loss of principal.
NAV Return represents the closing price of the underlying securities.
Market Price Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times.
An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus and, if available, the summary prospectus contain this and other information about the Fund. You may obtain a prospectus and, if available, a summary prospectus by calling 877-376-0082 or visiting www.teucrium.com. Please read the prospectus or summary prospectus carefully before investing.
The Fund is a recently organized investment company with a limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision.
Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic, or political instability in other nations. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Investments in commodities are subject to higher volatility than more traditional investments. The underlying funds may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The use of leverage by the underlying fund managers may accelerate the velocity of potential losses. The Fund may frequently buy and sell investments. Higher portfolio turnover may result in the Fund paying higher levels of transaction costs and generating greater tax liabilities for shareholders. Portfolio turnover risk may cause the Fund’s performance to be less than you expect.
The risks of investing in securities of ETFs, ETPs and investment companies typically reflect the risks of the types of instruments in which the underlying ETF, ETP or investment company invests. In addition, with such investments, the Fund bears its proportionate share of the fees and expenses of the underlying entity. As a result, the Fund’s operating expenses may be higher, and performance may be lower. All fees and expenses are outlined in the Fund’s prospectus.
Exchange-traded funds (ETFs) trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value (NAV), and are not individually redeemable directly with the ETF. Brokerage commissions and ETF expenses will reduce returns.
The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
The Fund seeks to track the performance of an index, which may result in lower returns than if the Fund were actively managed. Passively managed funds are subject to tracking error risk, which is the chance that the fund's performance will deviate from the performance of its target index and may be heightened during times of increased market volatility or under other unusual market conditions.
The Index relies on a quantitative model that utilizes artificial intelligence as well as third-party data and information to select Underlying ETFs. To the extent the model does not perform as designed or as intended, the Fund’s strategy may not be successfully implemented, and the Fund may lose value.
For a complete description of the Fund’s principal investment risks, please refer to the prospectus.
Teucrium Investment Advisors, LLC, wholly owned by Teucrium Trading, LLC, serves as the investment adviser and PINE Distributors LLC is the distributor for the AlphaDroid Defense Sector ETF. PINE Distributors LLC is not affiliated with Teucrium Trading, LLC and Teucrium Investment Advisors, LLC.
TUCRM4882495-10/25
