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ETF Solutions by Teucrium: Sponsored Funds
ETF Solutions by Teucrium: Sponsored Funds
Resources
Overview
Why VEN
The Teucrium Venezuela Future Opportunities ETF (the “Fund”) seeks to track, before fees and expenses, the total return performance of the MarketVector™ Venezuela Future Opportunities Index (the “Index”).
Background
Venezuela holds one of the world’s largest proven crude oil reserves (303.7 billion barrels) and the largest proven natural gas reserves in South America (5.4 trillion cubic meters), according to OPEC’s Annual Statistical Bulletin 2026 (data as of year-end 2025). Decades of underinvestment and sanctions have left its energy sector producing well below its potential, and U.S. policy toward the country has been in motion since January 2026. Whether that turns into durable investment is an open question. VEN is built for investors who want rules-based exposure to the companies already doing business in Venezuela, in one NYSE Arca-listed ETF.
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Rules-Based Access
Companies enter the Index by meeting its published rules.
VEN seeks to track the MarketVector™ Venezuela Future Opportunities Index, a rules-based index of Venezuelan Companies and Venezuela Exposed Companies. Companies enter the Index as Venezuelan Companies (incorporation, Parent Index assignment, or the 50% revenue-or-assets test) or as Venezuela Exposed Companies (disclosed Venezuela revenue, assets or employees; a Petróleos de Venezuela, S.A. (PDVSA) joint venture, U.S. Office of Foreign Assets Control (OFAC) license or claim on Venezuelan assets; or an operating presence in Venezuela). If fewer than 25 qualify, the Index Provider adds securities by its decision until the Index reaches 25.
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Equal Weight, Liquidity Capped
Every constituent starts at the same weight, and a trading-volume cap limits any single name.
Every constituent starts at an equal weight. A cap based on each stock’s 3-month average daily trading volume limits any single name, and the excess weight is spread equally across the uncapped constituents. The Index holds at least 25 companies, reconstitutes annually in September and rebalances quarterly.
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A Satellite Position
A single-country, non-diversified ETF meant to sit beside a core allocation.
VEN is a single-country, non-diversified ETF designed as a satellite allocation for investors with a specific view on Venezuela’s trajectory and the risk tolerance to hold it.
FAQs
Frequently Asked Questions
Each question has its own link you can share.
VEN seeks to track the MarketVector™ Venezuela Future Opportunities Index, which holds Venezuelan Companies and Venezuela Exposed Companies as the Index rules define them. It is designed as a single-country satellite holding alongside a core emerging markets allocation, and it carries the risks of a single-country, non-diversified fund.
The Index holds two kinds of companies. Venezuelan Companies are assigned to MarketVector’s Venezuela universe, are incorporated in Venezuela, or derive at least 50% of their revenue or related assets from Venezuela. Venezuela Exposed Companies disclose Venezuela-specific revenue, assets or employees in their filings, run joint ventures with Petróleos de Venezuela, S.A. (PDVSA), hold U.S. Office of Foreign Assets Control (OFAC) licenses to operate in Venezuela, hold claims on Venezuelan assets, or keep an operating presence in the country. As of March 11, 2026, the Index had 30 constituents from 12 countries: Belgium, Brazil, China, Finland, France, Italy, Mexico, Panama, Spain, the United States, the United Kingdom and Uruguay. The mix can change at each review. The Fund’s holdings will be published daily at teucrium.com/ven once the Fund begins trading.
Every constituent starts at an equal weight, 1 divided by the number of companies in the Index. A liquidity cap then limits any single stock to its 3-month average daily trading volume in U.S. dollars divided by $100 million, and the excess weight is spread equally across the uncapped names. The Index holds at least 25 companies, is reconstituted once a year in September and is rebalanced quarterly in March, June, September and December.
The Index tracks common stocks, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that pass its investability screens. For new constituents the requirements are a free float of at least 10%, a market capitalization above $250 million, 3-month average daily trading volume of at least $1 million as of each of the current and previous two selection dates, and at least 250,000 shares traded a month over the last 6 months, on a market that imposes no restrictions on foreign investors and provides real-time and historical pricing. Existing constituents are held to separate thresholds set out in the prospectus. The Index tracks equity securities, so sovereign and PDVSA bonds are not Index components. The Index can include multinationals that operate joint ventures with PDVSA, hold OFAC licenses or hold claims on Venezuelan assets. Please read the prospectus for the full eligibility rules.
The Fund and the Index operate under U.S. sanctions law, and the Index Provider may adjust a constituent’s weight or free float to reflect sanctions or foreign ownership limits. Changes in U.S. sanctions policy toward Venezuela could change which companies are eligible for the Index and could affect the Fund’s performance. Please read the prospectus for a full discussion of the risks.
VEN is a single-country, non-diversified ETF with exposure to an economy in the middle of a political and economic transition. It is designed as a satellite allocation for investors with a specific view on Venezuela’s trajectory and the risk tolerance to hold it. The Fund intends to qualify each year as a regulated investment company and to distribute substantially all of its net investment income and net capital gains at least annually. Distributions are generally taxable as ordinary income, qualified dividend income or capital gains, unless you hold the Fund in an IRA or another tax-advantaged account. Please read the prospectus and consult your tax advisor.
Resources
Get the VEN Guide
A plain-language guide to the Index rules, the two paths into it, and the risks of a single-country fund.
Get the VEN Guide