Listed Funds Trust - Teucrium Agricultural No K-1 Strategy ETF (TILL)

Overview

The Teucrium Agricultural No K-1 Strategy ETF (TAGS) is designed to provide investors with exposure to a diversified portfolio of agricultural commodities futures contracts, while avoiding the complexities of Schedule K-1 tax reporting. It combines multiple Teucrium agricultural ETFs into a single investment, offering broad exposure to the agricultural sector.

Reputation and Reliability

Teucrium is a specialized ETF provider known for its expertise in commodity ETFs, particularly those focused on agriculture. They have a track record of managing commodity-based investment products.

Management Expertise

Teucrium's management team possesses specialized knowledge in commodity markets and futures trading, ensuring competent management of the ETF's underlying assets.

Goal

The primary investment goal of TAGS is to provide investors with long-term capital appreciation by investing in a portfolio of agricultural commodities futures contracts.

Investment Approach and Strategy

Strategy: TAGS does not track a specific index but employs an actively managed strategy to allocate assets among different agricultural commodities futures contracts.

Composition The ETF holds a basket of other Teucrium agricultural commodity ETFs, including those focused on corn, wheat, soybeans, and sugar, providing diversified exposure to the agricultural sector.

Market Share: TAGS holds a moderate market share within the broader agricultural commodity ETF segment.

Total Net Assets (AUM): 75680000

Key Competitors

• Invesco DB Agriculture Fund (DBA)
• Elements Rogers International Commodity Index-Agriculture Total Return ETN (RJA)
• iPath Series B Bloomberg Agriculture Subindex Total Return ETN (JJA)

Competitive Landscape

The agricultural commodity ETF market is dominated by a few large players like DBA. TAGS differentiates itself by offering a diversified, no K-1 strategy, potentially attracting investors seeking simplicity and tax efficiency. DBA is larger and more liquid, but TAGS avoids the complexities of K-1 forms.

Historical Performance: Historical performance data should be gathered from financial data providers.

Benchmark Comparison: TAGS' performance is compared to a broader agricultural commodity index or the performance of its constituent Teucrium ETFs.

Expense Ratio: 0.27

Average Trading Volume

The average trading volume of TAGS is moderate, indicating reasonable liquidity for most investors.

Bid-Ask Spread

The bid-ask spread is generally tight, suggesting relatively low trading costs.

Market Environment Factors

Economic indicators, weather patterns, geopolitical events, and global demand for agricultural products significantly influence TAGS' performance.

Growth Trajectory

The growth trajectory of TAGS depends on investor demand for agricultural commodity exposure and its ability to effectively manage its portfolio of futures contracts. No recent changes to strategy or holdings.

Competitive Edge

TAGS' competitive edge lies in its diversified exposure to multiple agricultural commodities through a single ETF. Its no K-1 structure simplifies tax reporting for investors. By consolidating several Teucrium agricultural ETFs, it offers a convenient way to gain broad exposure to the sector without the complexities of managing multiple positions. It serves as a user-friendly gateway to agricultural commodity investing.

Volatility

TAGS' historical volatility is typically high, reflecting the inherent price fluctuations of agricultural commodities futures contracts.

Market Risk

Market risk is significant due to the sensitivity of agricultural commodities to supply and demand imbalances, weather events, and global economic conditions.

Ideal Investor Profile

The ideal investor for TAGS is one seeking diversified exposure to the agricultural sector with a long-term investment horizon and a tolerance for volatility.

Market Risk

TAGS is suitable for long-term investors seeking diversification and potential inflation hedging, but not for risk-averse investors or short-term traders.

Teucrium Agricultural No K-1 Strategy ETF (TAGS) provides diversified exposure to agricultural commodities futures while simplifying tax reporting through its no K-1 structure. It's ideal for long-term investors with a higher risk tolerance seeking to benefit from potential agricultural price movements. TAGS offers convenience by consolidating multiple Teucrium agricultural ETFs into a single investment vehicle. Performance is subject to the volatility inherent in commodity markets and global economic factors.

Data Sources:

• Teucrium ETF website
• ETF.com
• Bloomberg
• Morningstar
• Yahoo Finance

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Investors should conduct their own due diligence before making investment decisions. Market share is an approximate estimate based on available data.