The 30-day median bid/ask spread is the median percentage difference between the highest bid price and the 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 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.
PINE Distributors LLC is the distributor for WXET. Teucrium Investment Advisors, LLC, wholly owned by Teucrium Trading, LLC, serves as the investment adviser of the fund. PINE Distributors LLC is not affiliated with Teucrium Trading, LLC and Teucrium Investment Advisors, LLC.
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