XML 29 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Statements of Operations (Unaudited) - Teucrium Corn Fund - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts $ (15,950,119) $ 26,913,430 [1] $ (42,541,244) $ 88,611,840 [1]
Net change in unrealized (depreciation)/appreciation on commodity futures contracts (8,646,874) (112,660,860) [1] (14,470,153) (127,795,433) [1]
Interest income 4,196,821 1,779,555 [1] 8,527,835 1,999,541 [1]
Total (loss) income (20,400,172) (83,967,875) [1] (48,483,562) (37,184,052) [1]
Expenses        
Management fees 850,264 2,448,692 [1] 1,839,779 3,454,462 [1]
Professional fees 557,175 399,674 [1] 1,003,227 809,527 [1]
Distribution and marketing fees 976,404 1,127,864 [1] 1,904,116 1,887,941 [1]
Custodian fees and expenses 97,437 97,970 [1] 217,997 129,490 [1]
Business permits and licenses fees 36,511 43,549 [1] 71,128 97,375 [1]
General and administrative expenses 123,941 151,954 [1] 173,083 210,115 [1]
Total expenses 2,641,732 4,269,708 [1] 5,209,330 6,588,915 [1]
Expenses waived by the Sponsor (213,804) (707,463) [1] (409,868) (1,052,981) [1]
Total expenses, net 2,427,928 3,562,245 [1] 4,799,462 5,535,934 [1]
Net (loss) income (22,828,100) (87,530,120) [1] (53,283,024) (42,719,986) [1]
Teucrium Corn Fund [Member]        
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts (5,192,445) 22,454,084 (11,461,380) 39,023,065
Net change in unrealized (depreciation)/appreciation on commodity futures contracts (8,746,928) (47,449,038) (12,046,288) (27,554,708)
Interest income 1,268,364 531,679 2,722,600 618,304
Total (loss) income (12,671,009) (24,463,275) (20,785,068) 12,086,661
Expenses        
Management fees 255,570 724,521 584,444 1,102,802
Professional fees 112,802 117,588 191,610 282,087
Distribution and marketing fees 267,934 331,091 507,012 626,686
Custodian fees and expenses 21,759 18,490 54,803 35,004
Business permits and licenses fees 2,720 4,864 9,298 20,858
General and administrative expenses 32,895 58,709 46,207 86,184
Total expenses 693,680 1,255,263 1,393,374 2,153,621
Expenses waived by the Sponsor 0 (221,478) 0 (345,855)
Total expenses, net 693,680 1,033,785 1,393,374 1,807,766
Net (loss) income $ (13,364,689) $ (25,497,060) $ (22,178,442) $ 10,278,895
Net (loss) gain per share (in dollars per share) $ (3.05) $ (2.11) $ (4.68) $ 3.48
Net (loss) gain per weighted average share (in dollars per share) $ (3.14) $ (2.51) $ (4.72) $ 1.24
Weighted average shares outstanding (in shares) 4,252,751 10,146,433 4,696,413 8,266,993
[1] The Hashdex Bitcoin Futures ETF commenced operations on September 15, 2022.