Key stats
About Listed Funds Trust Teucrium 2x Daily Wheat ETF
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Inception date
Dec 12, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Teucrium Investment Advisors LLC
Distributor
Pine Distributors LLC
WXET is an actively managed ETF aiming for 200% daily leveraged exposure to the price of wheat through Worn Futures contracts and collateral. Wheat is a staple commodity used around the globe and is the principal food grain produced in the US. To gain exposure, the fund uses wheat contracts on CFTC-regulated exchanges and avoids physical wheat delivery, potentially profiting from daily price increases. A Cayman Islands subsidiary is used for tax efficiency, limiting direct commodity futures exposure due to regulatory constraints. With a RIC tax status, it issues Form 1099 for simpler tax reporting. The Fund adjusts daily to align with wheat price movements, with strategies to manage position limits potentially affecting its objectives. As such, the use of swaps, reverse purchase agreements or wheat-linked ETPs may be considered. Daily compounding affects returns beyond a single day, posing loss risks despite wheat's performance due to volatility and rebalancing effects.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash80.54%
Mutual fund19.46%
Top 10 holdings
Dividends
Dividend payout history