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

Overview

The Teucrium Agricultural No K-1 Strategy ETF (TAGS) is an actively managed fund that seeks to provide investors with exposure to a diversified portfolio of agricultural commodities futures contracts, while avoiding the complexities of K-1 tax forms. It invests in a combination of other Teucrium commodity ETFs that each focus on a single agricultural commodity.

Reputation and Reliability

Teucrium Trading LLC is a well-established issuer specializing in commodity ETFs, with a reputation for providing innovative and accessible investment solutions in the agricultural sector.

Management Expertise

The management team at Teucrium Trading LLC possesses extensive experience in commodity markets and ETF management, ensuring informed decision-making and effective portfolio oversight.

Goal

The fund's goal is to provide investors with long-term capital appreciation through exposure to a diversified portfolio of agricultural commodities.

Investment Approach and Strategy

Strategy: TAGS is actively managed and allocates its assets among other Teucrium commodity ETFs, selecting contracts based on their potential for price appreciation and diversifying across multiple agricultural commodities.

Composition The ETF holds positions in other Teucrium commodity ETFs that primarily track futures contracts of agricultural commodities, such as corn, soybeans, wheat, and sugar.

Market Share: TAGS holds a modest market share within the broader agricultural commodity ETF landscape.

Total Net Assets (AUM): 67450538

Key Competitors

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

Competitive Landscape

The agricultural commodity ETF market is competitive, with several well-established players. TAGS distinguishes itself by providing a diversified approach to agricultural commodity exposure without issuing a K-1. Its competitors, such as DBA, have larger AUM, resulting in higher liquidity, but may involve K-1 tax reporting complexities.

Historical Performance: Historical performance can vary based on agricultural market conditions. Investors should review performance across multiple time periods to fully understand the ETF's track record.

Benchmark Comparison: TAGS does not track a specific public benchmark. Its performance should be compared to a composite benchmark of agricultural commodity futures or indexes.

Expense Ratio: 0.3

Average Trading Volume

The average trading volume is moderate, reflecting the fund's smaller size and niche focus.

Bid-Ask Spread

The bid-ask spread is typically competitive but can widen during periods of market volatility or low trading volume.

Market Environment Factors

Agricultural commodity prices are influenced by factors like weather patterns, global demand, trade policies, and geopolitical events, all of which impact TAGS's performance.

Growth Trajectory

The growth trajectory of TAGS is tied to investor interest in agricultural commodities and its ability to deliver returns while mitigating K-1 complexities. Any strategic shifts in asset allocation or fund operations would also affect its future performance.

Competitive Edge

TAGS's competitive edge lies in its actively managed approach, offering diversification within the agricultural commodity sector while avoiding the K-1 tax reporting complexities associated with many commodity funds. This simplifies tax reporting for investors, potentially broadening its appeal. The active management allows for strategic adjustments based on market conditions. However, it is not guaranteed to outperform passively managed funds.

Volatility

The fund is subject to high volatility due to the inherent price fluctuations of agricultural commodities.

Market Risk

The fund's performance is directly linked to the performance of the underlying agricultural commodities, making it vulnerable to market risks related to weather, supply, demand, and geopolitical events.

Ideal Investor Profile

The ideal investor for TAGS is someone seeking diversified exposure to agricultural commodities, prefers avoiding K-1 tax forms, and understands the volatile nature of commodity markets.

Market Risk

TAGS is suitable for investors seeking to diversify their portfolio with agricultural commodities and are comfortable with the risks associated with active management and commodity price fluctuations, but may not be suitable for risk-averse investors.

The Teucrium Agricultural No K-1 Strategy ETF (TAGS) offers a diversified approach to investing in agricultural commodities through an actively managed fund. It seeks to provide capital appreciation while avoiding the complexities of K-1 tax forms by investing in other Teucrium commodity ETFs. TAGS is subject to volatility due to the inherent price fluctuations of agricultural commodities, so investors should be aware of the risks. This fund can be suitable for investors seeking diversification and are comfortable with its risk profile.

Data Sources:

• Teucrium Funds Website
• ETF.com
• Bloomberg
• Morningstar

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and a thorough understanding of the risks involved. Market data is dynamic and may change frequently.