WEAT
Teucrium Wheat Fund

Price: $5.79
Change: $0.01 (0.0%)
Last Updated:

Vitals

Issuer Teucrium
Brand Teucrium
Structure Commodity Pool
Expense Ratio 2.80%
ETF Home Page Home page
Inception Sep 19, 2011

Analyst Report

This ETF offers exposure to wheat futures contracts; when WEAT debuted in 2011, it became the first pure play wheat ETP on the market. Like many exchange-traded commodity products, WEAT should not be expected to deliver exposure to spot wheat prices. Because the underlying index consists of wheat futures contracts, factors such as the slope of the futures curve and the current level of interest rates will impact the performance of WEAT. One distinguishing factor of WEAT—and of all Teucrium agricultural products—is the structure of the underlying holdings. Instead of concentrating holdings in front month futures, WEAT spreads futures contracts across multiple maturities. That is done with the objective of minimizing the impact of contango on bottom line returns.


Given the targeted focus of WEAT, this product probably isn’t of much use for those building a long-term, buy-and-hold portfolio. This product can, however, be useful for those looking to establish tactical exposure to a specific corner of the commodity market. For investors seeking more broad-based grains exposure (i.e., including soybeans and corn), JJG, GRU, and WEET (all ETNs) might be worth a closer look. For those in the market for broad exposure to agricultural commodities, there are a number of products in the Agricultural Commodities ETFdb Category that might be useful.


Finally, the structure of WEAT should be noted. Because this product is structured as a partnership, investors can expect to receive a K-1 at the end of the year detailing their share of profits or losses. Moreover, WEAT will be required to buy and sell the underlying futures contracts, which can result in tracking error and trading commissions (meaning that the expense ratio may not include all the fees investors in this fund will pay). While the administrative duties associated with K-1s are minimal, some investors prefer to achieve exposure to commodities through ETNs, which avoid those obligations.

ETF Database Themes

Asset Class Commodity
Region (General) Global
Region (Specific) Broad
Commodity Type Agriculture
Commodity Wheat
Commodity Exposure Futures-Based

FactSet Classifications

Segment Commodities: Agriculture Wheat
Category Agriculture
Focus Wheat
Niche Laddered
Strategy Laddered
Weighting Scheme Single Asset

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $5.02
  • 52 Week Hi $7.43
  • AUM $145.7 M
  • Shares 25.1 M

Historical Trading Data

  • 1 Month Avg. Volume 794,478
  • 3 Month Avg. Volume 749,246

Alternative ETFs in the ETF Database Agricultural Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.13% $14.1 M 2,989 -5.34%
Largest (AUM) DBA 0.93% $768.3 M 763,752 24.64%
Most Liquid (Volume) DBA 0.93% $768.3 M 763,752 24.64%
Top YTD Performer DBA 0.93% $768.3 M 763,752 24.64%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

WEAT ETF Database Category Average FactSet Segment Average
Number of Holdings 1 5 1
% of Assets in Top 10 100.00% 97.11% 100.00%
% of Assets in Top 15 100.00% 98.63% 100.00%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

WEAT ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 6.79% N/A
Mid (>2.7B) N/A 2.05% N/A
Small (>600M) N/A 1.59% N/A
Micro (<600M) N/A 0.65% N/A

WEAT Valuation

This section compares the P/E ratio of this ETF to its peers.

WEAT
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
-5.94
FactSet Segment Average
P/E Ratio
N/A

WEAT Dividend

This section compares the dividend yield of this ETF to its peers.

WEAT ETF Database Category Average FactSet Segment Average
Dividend N/A $ 1.47 N/A
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 1.48 N/A
Annual Dividend Yield N/A 6.98% N/A

WEAT Price and Volume Charts

View charts featuring WEAT price and volume data.

WEAT Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -289 K 1 Month Net Flows: -10.45 M 3 Month Net Flows: -23.76 M 6 Month Net Flows: -36.79 M 1 Year Net Flows: 2.2 M 3 Year Net Flows: 213.13 M 5 Year Net Flows: 229.18 M 10 Year Net Flows: 307.06 M

WEAT Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.