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Financial Highlights (Teucrium Corn Fund [Member])
9 Months Ended
Sep. 30, 2013
Teucrium Corn Fund [Member]
 
Financial Highlights

Note 5 - Financial Highlights

 

The following tables present per unit performance data and other supplemental financial data for the nine months ended September 30, 2013 and 2012. This information has been derived from information presented in the financial statements.

 

Per Share Operation Performance for the nine months ended September 30, 2013        
Net asset value at beginning of period   $ 44.34  
Income from investment operations:        
Investment income     0.01  
Net realized and unrealized loss on commodity futures contracts     (8.80
Total expenses     (2.10 )
Net decrease in net asset value     (10.89 )
Net asset value end of period   $ 33.45  
Total Return     (24.56 )%
Ratios to Average Net Assets (Annualized)        
Total expense     7.11 %
Net investment loss     (7.06 )%

 

Per Share Operation Performance for the nine months ended September 30, 2012        
Net asset value at beginning of period   $ 41.92  
Income from investment operations:        
Investment income     0.02  
Net realized and unrealized gain on commodity futures contracts     8.05  
Total expenses     (1.59 )
Net increase in net asset value     6.48  
Net asset value at end of period   $ 48.40  
Total Return     15.46 %
Ratios to Average Net Assets (Annualized)        
Total expense     4.95 %
Net investment loss     (4.87 )%

 

The Sponsor has the ability to elect to pay certain expenses on behalf of the Fund or waive the management fee. This election is subject to change by the Sponsor, at its discretion.  As of December 31, 2012, there were approximately $560,000 of expenses recorded on the financial statements of the Sponsor which are subject to reimbursement by the Funds in 2013. Through the nine months ended September 30, 2013, the Sponsor sought approximately $390,000 in reimbursement from CORN, SOYB and WEAT for these expenses, with approximately $174,000 in the quarter ended September 30, 2013. These Funds have not recorded the remaining $170,000 of expenses subject to reimbursement to the Sponsor as payment is not probable at September 30, 2013.

Total returns are calculated based on the change in value during the period. An individual shareholder's total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from the Fund.

The financial highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period under report. The asset-based per share data in the financial highlights are calculated using the prior day's net assets consistent with the methodology used to calculate asset-based fees and expenses.