CXRN, WXET, XXRP: 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 downloading the prospectus or by calling 877-376-0082 or visiting www.teucrium.com. Please read the prospectus or summary prospectus carefully before investing
The use of leverage increases the risk of loss and volatility, and the Fund may not be suitable for all investors. It is intended for sophisticated investors who understand the effects of daily compounding and are able to actively monitor and manage their investments. Investors could lose the entire value of their investment within a single trading day. Leverage may amplify both gains and losses. A small movement in the underlying futures market may result in large losses for the Fund.
The Fund’s investment objective is daily; it is not designed to track 2x the return of wheat futures over periods longer than one day. Due to the effects of compounding and daily rebalancing, returns over longer periods may deviate significantly from 2x the return of the underlying futures index. Even in markets that appear flat or trending upward, the Fund may lose value due to volatility and path dependency. Delays, market disruptions, and rebalancing limitations may result in tracking errors.
Futures investing is highly speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the Fund. Investing in commodity interests subjects the Fund to the risks of its related industry.
The Fund is a recently organized investment company with a limited operating history. Accordingly, prospective investors have limited performance information on which to base an investment decision.
The Fund is classified as a “non-diversified” investment company under the 1940 Act and may invest a larger percentage of its assets in a single position or issuer than a diversified fund.
The Fund is deemed a commodity pool and is therefore subject to regulation under the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC).
The Fund is subject to additional risks related to its strategy and structure, including higher transactions cost, Agricultural Commodities Risk, Clearing Broker Risk, Collateral Securities Risk, Commodity-Linked Derivatives Tax Risk, Counterparty Risk, Cybersecurity Risk, Early Close/Trading Halt Risk, Intra-Day Investment Risk, Market Risk, Valuation Risk, and Whipsaw Markets Risk. For a complete description of the Fund’s principal risks, please refer to the prospectus.
Shares of the Fund are not FDIC insured, may lose value, and have no bank guarantee.
Shares are not individually redeemable directly with the Fund. Brokerage commissions and Fund expenses will reduce returns.
Teucrium Investment Advisors, LLC is the investment adviser for CXRN, WXET and XXRP.
PINE Distributors LLC is the distributor for CXRN, WXET and XXRP, and is not affiliated with Teucrium Investment Advisors, LLC and Teucrium Trading, LLC.
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