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Fair Value Measurements (Teucrium Natural Gas Fund [Member])
 3 Months Ended
Mar. 31, 2013
Teucrium Natural Gas 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 March 31, 2013 and December 31, 2012:

 

March 31, 2013                
                Balance as of
Assets:   Level 1   Level 2   Level 3   March 31, 2013
Cash equivalents   $ 3,646,686     $ -     $ -     $ 3,646,686  
Commodity futures contracts     268,180       -       -       268,180  
Total   $ 3,914,866     $ -     $ -     $ 3,914,866  

 

December 31, 2012

                      Balance as of  
Assets:   Level 1     Level 2     Level 3     December 31, 2012  
Cash equivalents   $ 4,476,336     $ -     $ -     $ 4,476,336  
Commodity futures contracts     9,550       -       -       9,550  
Total   $ 4,485,886     $ -     $ -     $ 4,485,886  

 

                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     December 31, 2012  
Commodity futures contracts   $ 233,919     $ -     $ -     $ 233,919  
                                 

 

During the three months ended March 31, 2013 and 2012, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.