Business description of Teucrium-Commodity-Trust from last 10-k form


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CORN Benchmark Component Futures Contracts

Notional Value

 

Weight (%)

CBOT Corn Futures (1,172 contracts, MAY16)

$ 21,359,700     35 %

CBOT Corn Futures (988 contracts, JUL16)

  18,302,700     30  

CBOT Corn Futures (1,117 contracts, DEC16)

  21,390,550     35  
               

Total at December 31, 2015

  $ 61,052,950     100 %

SOYB Benchmark Component Futures Contracts

Notional Value

 

Weight (%)

CBOT Soybean Futures (52 contracts, MAR16)

$ 2,247,050     35 %

CBOT Soybean Futures (45 contracts, MAY16)

  1,956,375     30  

CBOT Soybean Futures (52 contracts, NOV16)

  2,295,150     35  
               

Total at December 31, 2015

  $ 6,498,575     100 %

CANE Benchmark Component Futures Contracts

Notional Value

 

Weight (%)

ICE Sugar Futures (115 contracts, MAY16)

$ 1,921,696     35 %

ICE Sugar Futures (101 contracts, JUL16)

  1,656,077     30  

ICE Sugar Futures (114 contracts, MAR17)

  1,927,968     35  
               

Total at December 31, 2015

  $ 5,505,741     100 %
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WEAT Benchmark Component Futures Contracts

Notional Value

 

Weight (%)

CBOT Wheat Futures (390 contracts, MAY16)

$ 9,291,750     35 %

CBOT Wheat Futures (330 contracts, JUL16)

  7,973,625     30  

CBOT Wheat Futures (366 contracts, DEC16)

  9,287,250     35  
               

Total at December 31, 2015

  $ 26,552,625     100 %

TAGS Benchmark Component Futures Contracts

Fair Value

 

Weight (%)

Shares of Teucrium Corn Fund

$ 326,157     25 %

Shares of Teucrium Soybean Fund

  331,730     25  

Shares of Teucrium Wheat Fund

  321,433     24  

Shares of Teucrium Sugar Fund

    345,281     26  
               

Total at December 31, 2015

  $ 1,324,601     100 %
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Service Provider

 

Compensation Paid by the Funds

Teucrium Trading, LLC, Sponsor

 

1.00% of average net assets annually

U.S. Bank N.A., Custodian

 

 

 

U.S. Bancorp Fund Services, Transfer Agent, Fund Accountant and Fund Administrator

 

For custody services:  0.0075% of average gross assets up to $1 billion, and .0050% of average gross assets over $1 billion, annually, plus certain per-transaction charges

 

For Transfer Agency, Fund Accounting and Fund Administration services, based on the total assets for all the Funds in the Trust:  0.06% of average gross assets on the first $250 million, 0.05% on the next $250 million, 0.04% on the next $500 million and 0.03% on the balance over $1 billion annually

A combined minimum annual fee of up to $64,500 for custody, transfer agency, accounting and administrative services is assessed per Fund.

 

Foreside Fund Services, LLC, Distributor

 

The Distributor receives a fee of 0.01% of each Fund’s average daily net assets and an aggregate annual fee of $100,000 for all Funds, along with certain expense reimbursements currently estimated at $3,000 per year related to these services.

Under the Securities Activities and Service Agreement (the “SASA”), the Distributor receives compensation from the fund for its activities on behalf of all the Funds.  The fees paid to the Distributor pursuant to the SASA for this offering are not expected to exceed $40,000 per year. In addition, the Distributor receives certain expense reimbursements relating to the registration, continuing education and other administrative expenses of the Registered Representatives in relation to the Funds.  These expense reimbursements are not estimated to exceed $25,000 per year. 

ED&F Man Capital Markets, Inc

 

 

 

$4.00 per Futures Contract purchase or sale for corn, soybeans, wheat and sugar through December 31, 2015. $4.50 per Futures Contract purchase or sale for corn, soybeans, wheat and sugar effective January 1, 2016.

 

Wilmington Trust Company, Trustee

 

$3,300 annually for the Trust

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CORN, CANE, WEAT, SOYB, and TAGS (25,000 units per basket)

     

Creation Fee

$250 per basket order, max $500 per day (2 or more basket orders, no order limit)

Redemption Fee

$250 per basket

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