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Fair Value Measurements (Teucrium WTI Crude Oil Fund [Member])
 12 Months Ended
Dec. 31, 2012
Teucrium WTI Crude Oil Fund [Member]
  
Fair Value Measurements

Note 3 - Fair Value Measurements

 

The Fund's assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund's significant accounting policies in Note 2. The following table presents information about the Fund's assets and liabilities measured at fair value as of December 31, 2012 and 2011:

 

December 31, 2012

                      Balance as of  
Assets:   Level 1     Level 2     Level 3     December 31, 2012  
Cash equivalents   $ 1,845,910     $ -     $ -     $ 1,845,910  
Commodity futures contracts     44,872       -       -       44,872  
Total   $ 1,890,782     $ -     $ -     $ 1,890,782  

 

                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     December 31, 2012  
Commodity futures contracts   $ 58,090     $ -     $ -     $ 58,090  
                                 

 

December 31, 2011

                      Balance as of  
Assets:   Level 1     Level 2     Level 3     December 31, 2011  
Cash equivalents   $ 4,139,910     $ -     $ -     $ 4,139,910  
Commodity futures contracts     116,142       -       -       116,142  
Total   $ 4,256,052     $ -     $ -     $ 4,256,052  

 

 

                     Balance as of  
Liabilities:   Level 1     Level 2     Level 3     December 31, 2011  
Commodity futures contracts   $ 168     $ -     $ -     $ 168  

 

 

During the year ended December 31, 2012 and from the commencement of operations (February 23, 2011) through December 31, 2011, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.