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.
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.
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 THE APPROPRIATE NUMBER OR VISIT THE WEBSITE IN THE CONTACT US SECTION. PERFORMANCE IS INCLUSIVE OF DIVIDENDS.
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 calling 877-376-0082. Please read the prospectus or summary prospectus carefully before investing.
Important Disclosures and Risks:
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.
There is no guarantee that the Fund will achieve its investment goal. 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 risks of investing in securities of ETFs and investment companies typically reflect the risks of the types of instruments in which the underlying Funds invest. 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.
U.S. Treasury obligations may differ from other fixed income securities in their interest rates, maturities, times of issuance and other characteristics. Similar to other issuers, changes to the financial condition or credit rating of the U.S. government may cause the value of the Fund’s U.S. Treasury obligations to decline.
Diversification does not ensure a profit or protect against market risk or loss of principal.
For a complete description of the Fund’s principal investment risks, please refer to the prospectus.
Shares of the Funds Are Not FDIC Insured, May Lose Value, and Have No Bank Guarantee.
PINE Distributors LLC is the distributor for the funds. Teucrium Investment Advisors, LLC, wholly owned by Teucrium Trading, LLC, serves as the investment adviser of the funds. PINE Distributors LLC is not affiliated with Teucrium Trading, LLC and Teucrium Investment Advisors, LLC.
Learn more about PINE Distributors LLC at FINRA's BrokerCheck.
