What is WEAT?

WEAT tracks an index of wheat futures contracts. It reflects the performance of wheat by holding Chicago Board of Trade wheat futures contracts with three different expiration dates.

PERFORMANCE [as of 03/17/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
WEAT -8.10% -6.54% -10.40% -30.18% 11.54% 2.27% -9.38%
WEAT (NAV) -8.08% -5.78% -10.26% -30.12% 11.50% 2.26% -9.36%
Teucrium Wheat Fund Benchmark -8.18% -6.11% -10.49% -30.20% 12.89% 3.59% -7.02%
S&P GSCI Wheat Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

WEAT Factset Analytics Insight

WEAT avoids the front-month contract in its aim to provide exposure to wheat futures. Instead it holds the 2nd to expiration, 3rd to expiration and the subsequent December contracts to mitigate the impact of contango, weighting the contracts 35%, 30% and 35%, respectively. This approach should have some success in contango mitigation but may lag front month at times. The fund's structure means a K-1 at tax time and a blended tax rate.

WEAT Summary Data

Teucrium
09/19/11
1.14%
$177.28M
Teucrium Wheat Fund Benchmark
S&P GSCI Wheat Index
Commodities Pool

Peers

S&P GSCI Wheat Index
N/A

Fund Flows

-$0.00B 5 Days
-$0.01B 30 Days
-$0.12B 90 Days

WEAT Portfolio Data

Futures
Laddered
N/A
--

WEAT Index Data

Teucrium Wheat Fund Benchmark
Single Asset
Single Asset
S&P GSCI Wheat Index

WEAT Portfolio Management

1.14%
-1.50%
0.21%
-3.05%

WEAT Tax Exposures

27.84% / 27.84%
--
Yes

WEAT Fund Structure

Commodities Pool
Yes
N/A
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/20/23

This measurement shows how easy it is to trade a $1 million USD block of WEAT. WEAT is rated a 5 out of 5.

WEAT Tradability

678,466
$5.04M
660,778
$4.86M
0.13%
$0.01
0.00%
1.99% / -1.66%
Potential
100.00%
25,000
26.43
0.14%
--
58,503
$7.17
5

WEAT Performance Statistics

--
--
0.95
0.91
0.00%

WEAT Tenor Strategy

WEAT invests in the 2nd (35%) and 3rd (30%) contracts on the one-year forward curve as well as the December (35%) contract of the current year.

WEAT Rolling Strategy

WEAT rolls contracts four times a year over a series of days.