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

Overview

The US ETF Listed Funds Trust - Teucrium Agricultural No K-1 Strategy ETF is designed to provide investors with exposure to agricultural commodities. It aims to track the price movements of a basket of agricultural futures contracts, offering a way to invest in sectors like grains, soybeans, and other agricultural products without direct futures trading. The strategy focuses on avoiding K-1 tax forms, making it simpler for many individual investors.

Reputation and Reliability

Teucrium is a well-established issuer of commodity-focused ETFs, known for its specialized approach to providing direct commodity exposure. They have a track record of creating innovative products in this space.

Management Expertise

Teucrium's management team possesses significant expertise in commodity markets, futures trading, and ETF structuring, enabling them to construct and manage complex commodity strategies.

Goal

To provide investors with a straightforward way to gain exposure to the price movements of a diversified basket of agricultural commodity futures contracts.

Investment Approach and Strategy

Strategy: The ETF aims to achieve its objective by investing in a portfolio of futures contracts on agricultural commodities. It specifically avoids the complexities associated with K-1 tax reporting.

Composition The ETF's holdings primarily consist of futures contracts on various agricultural commodities such as corn, wheat, soybeans, and potentially other related products. The specific allocation can vary based on market conditions and the fund's rebalancing strategy.

Market Share: Specific market share data for this niche ETF is not readily available in aggregated public reports. Its market share is likely small compared to broad-market ETFs but significant within the agricultural commodity ETF space.

Total Net Assets (AUM):

Key Competitors

• Invesco DB Agriculture Fund (DBA)
• iPath Series B Cocoa Subindex Total Return ETN (NIB)
• Elements Global Agribusiness Index ETN (PAL)

Competitive Landscape

The agricultural commodity ETF landscape is competitive, with several established players offering similar exposure. Teucrium's TAGS differentiates itself by its K-1 free structure, which simplifies tax reporting for investors. However, it may face competition from ETFs with larger AUM or more diversified commodity baskets. Its advantage lies in its specific focus and tax efficiency for certain investor types.

Historical Performance: Historical performance data for TAGS is available from financial data providers and should be reviewed for its track record over various time periods (e.g., 1-year, 3-year, 5-year). This data will reflect the price movements of the underlying agricultural futures.

Benchmark Comparison: The ETF's performance is typically benchmarked against its underlying futures contracts or a relevant agricultural commodity index. Comparisons should be made to assess its effectiveness in tracking its intended exposure.

Expense Ratio:

Average Trading Volume

The average trading volume for the ETF determines its liquidity and the ease with which investors can buy and sell shares without significantly impacting the price.

Bid-Ask Spread

The bid-ask spread represents the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, indicating the cost of trading the ETF.

Market Environment Factors

Factors such as global weather patterns, geopolitical events, government agricultural policies, and demand from emerging economies significantly impact the agricultural commodity markets and, consequently, the ETF's performance.

Growth Trajectory

The growth trajectory of TAGS is linked to investor interest in agricultural commodities as an asset class and the overall performance of the agricultural sector. Changes in strategy would typically involve adjustments to the futures contracts held based on market outlook and risk management.

Competitive Edge

Teucrium's primary competitive advantage is its 'No K-1' strategy, which simplifies tax reporting for individual investors compared to traditional commodity futures ETFs that issue K-1 forms. This makes it an attractive option for those seeking agricultural commodity exposure without the added tax complexity. Additionally, its focused approach on agricultural commodities allows for specialized exposure within this niche market.

Volatility

Agricultural commodities can be highly volatile due to factors like weather, supply and demand imbalances, and geopolitical events, leading to significant price swings for the ETF.

Market Risk

The ETF is subject to market risk inherent in agricultural futures contracts. This includes risks related to price fluctuations of individual commodities, changes in interest rates, currency movements, and overall economic conditions affecting agricultural demand and supply.

Ideal Investor Profile

The ideal investor is someone looking to diversify their portfolio with exposure to agricultural commodities, seeking to hedge against inflation or capitalize on agricultural market trends, and who prefers simplified tax reporting.

Market Risk

This ETF is suitable for investors who understand the risks associated with commodity futures and are looking for medium to long-term exposure. It is particularly well-suited for investors who want to avoid the complexities of K-1 tax forms.

The US ETF Listed Funds Trust - Teucrium Agricultural No K-1 Strategy ETF offers a simplified way for investors to gain exposure to agricultural commodities. Its key differentiator is the 'No K-1' tax structure, which reduces tax reporting burdens. While facing competition, its niche focus and tax efficiency make it a compelling option for a specific segment of investors seeking agricultural commodity diversification. Investors should be aware of the inherent volatility of commodity markets.

Data Sources:

• ETF issuer websites
• Financial data providers (e.g., Bloomberg, Morningstar, Yahoo Finance)
• Regulatory filings

Disclaimers:

This information is for educational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.