Teucrium CORN Fund

YOU ARE HERE: Home » Education » Overview » Key Fund Facts
Tuesday, 21 Nov 2017

Key Fund Facts

E-mail Print PDF

The Teucrium Corn Fund – NYSE: CORN

 

CORN trades like an ordinary stock – CORN is available to trade on the New York Stock Exchange (NYSE Arca) every market day through your usual brokerage account or professional financial advisor.

 

CORN provides investors and hedgers with the ability to track the price of corn – one of the largest U.S. agricultural commodities, with an average daily trading value of approximately $6.3 billion.¹

 

CORN is the only domestic investment vehicle available for investors and hedgers to obtain precise allocation to corn in their portfolios without opening a futures account.

 

CORN, as a result of the CBOT corn futures contracts it holds, can be used by buy-and-hold investors and professional asset allocators seeking corn exposure because it has been specifically designed to mitigate situations which are commonly referred to as “contango” and “backwardation.”

 

CORN provides investors and hedgers with a tool allowing precise allocation to corn. This precision allows investors and their advisors to invest in corn as a stand-alone investment or to hedge their corn exposure more fully than in mixed-commodity exchange-traded products (“ETPs”).

 

CORN has a commodity-specific benchmark designed to reduce the cost of rolling the investment when compared to funds that hold only a single month.

 

CORN provides transparency by posting the current holdings and pending trades nightly on the CORN website: www.teucriumcornfund.com.

 

¹ Source: Bloomberg, annual daily average of the notional value of all contracts for the commodity traded on the CME or ICE, as applicable, for the period November 30, 2014 to November 30, 2015.

 

The SEC requires that all ETPs make available to investors the Intraday Indicative Value (IIV) of their ETP's share price. The IIV is calculated and updated every 15 seconds throughout the trading day based upon the value of the underlying holdings in an ETP's portfolio. It is independently calculated and disseminated by the listing exchange (in the case of the CORN it is calculated by the NYSE) so that investors have transparency similar to that of professional market-makers regarding the actual value of an ETP's share price at any given point in time.

 

The calculation of CORN’s Intraday Indicative Value (IIV) can be found at http://finance.yahoo.com/^corn-iv. An Intraday Indicative Value is published by NYSE Alternext US for each ETP as a reference value to be used in conjunction with other ETP market information. The Intraday Indicative Value for the Teucrium Corn Fund is published under a separate symbol every 15 seconds over the Consolidated Tape and calculated throughout the trading day using the prior day's closing Net Asset Value per share as a base and updating that value throughout the trading day to reflect changes in the value of the Fund's corn interests during the trading day, based on actual trades, not bids or asks, all on a per-share basis. This value is also referred to as an "Underlying Trading Value," "Indicative Optimized Portfolio Value (IOPV)," and "Intraday Value" in various places such as the prospectus and marketing material for different ETPs. The Intraday Indicative Value is designed to give investors a sense of the share price of the Fund on an intraday basis. However, for various reasons, the Intraday Indicative Value should not be viewed as an actual real time update of the Net Asset Value. The CORN IIV is updated during the pre- and post-market hours in addition to the regular trading hours, and as such, the absolute and percentage changes to the previous close may not reflect the change from the 4 p.m. ET close of the NYSE Arca, but rather the change from a later time. We believe for the Teucrium Corn Fund that the IIV calculation is most accurate when the Chicago Board of Trade (CBOT) pits are open for open-outcry trading. For details of pit and electronic trading hours and settlement times, see http://www.cmegroup.com/trading_hours/commodities-hours.html. 

 

Why the Name “TEUCRIUM”?

 

According to Dictionary.com, Teucrium (pronounced two-cree-um) “is a large, widely distributed genus of perennial herbs, shrubs, or subshrubs native to the Mediterranean region to western Asia.”

 

We named our firm Teucrium because, according to the Roman poet Horace, the Greek god Teucer, prior to setting sail for Cyprus, told his followers, “We will set sail upon the vast ocean,” a feeling which we believe symbolizes the “voyage of discovery” upon which all of us at Teucrium are embarking each day.

 

Investing in Corn Interests subjects CORN to the risks of the corn market, and this could result in substantial fluctuations in the price of CORN’s Shares. Unlike mutual funds, CORN generally will not distribute dividends to Shareholders.

 

Investors may choose to use CORN as a means of investing indirectly in corn as a vehicle to hedge against the risk of loss, and there are risks involved in such investments. The Sponsor has limited experience in operating a commodity pool, which is defined as an enterprise in which several individuals contribute funds in order to trade futures or futures options collectively.

 

Commodities and futures generally are volatile and are not suitable for all investors.

 

The Teucrium Corn Fund is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

 

Shares of the Teucrium Corn Fund are not FDIC insured, may lose value, and have no bank guarantee.

 

All supporting documentation will be provided upon request.

 

Foreside Fund Services, LLC is the distributor for the Teucrium Corn Fund.

 

© 2016 TEUCRIUM TRADING, LLC. All rights reserved.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information. Read the prospectus carefully before investing. An investment in the Fund involves risk, include possible loss of principal. The material available on this site is not an offer or solicitation of any kind to buy or sell any securities outside of the United States of America.

The Teucrium Corn, Sugar, Soybean, Wheat and Agricultural Funds (the "Funds") are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.

Commodities and futures generally are volatile and are not suitable for all investors.

Foreside Fund Services, LLC is the distributor for the Teucrium Funds.

© 2017 TEUCRIUM TRADING, LLC. All rights reserved.

Contact Us
Prospectus Downloads

CORN Prospectus:   View

Tax Redirect

You are now leaving www.teucriumcornfund.com and entering a linked web site pertaining to K-1 tax information for shareholders of the Teucrium Corn Fund. Teucrium Trading, LLC and the Teucrium Corn Fund are not responsible for the information presented on the linked site. See information regarding electronic K-1 delivery by continuing to the tax information site.

 

View Tax Website:   Go

 

8 facts about your k-1
Tax Redirect

You are now leaving www.teucriumcornfund.com and entering a linked web site pertaining to K-1 tax information for shareholders of the Teucrium Corn Fund. Teucrium Trading, LLC and the Teucrium Corn Fund are not responsible for the information presented on the linked site. See information regarding electronic K-1 delivery by continuing to the tax information site.

 

View Tax Website:   Go

 

8 facts about your k-1