Share-split context: A reverse split was recorded on Nov 25, 2025 with coefficient 0.2. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

Teucrium Wheat Fund (WEAT) Educational Report

What this ETF is trying to do

The Teucrium Wheat Fund (WEAT) is an exchange-traded fund (ETF) listed on the NYSE. Based on its top holdings, this fund is designed to provide exposure to wheat through various Chicago SRW Wheat futures.

What the numbers show

The current price of WEAT is $24.90. Because this ETF has a history of "reverse splits," we look at split-adjusted returns to understand its performance. A reverse split happens when multiple old shares are combined into fewer new shares, which causes the price per share to rise mechanically.

Here is how the fund has performed:

• Year-to-Date (YTD) Price Return: Approximately 24.69%

• One-Year Price Return: Approximately 21.46%

• Three-Year Price Return: Approximately -13.99%

• Five-Year Total Return: Approximately -31.41%

In this case, the price return (the change in share price) and the total return (which includes distributions) are the same because no distributions were detected.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash, known as distributions. For WEAT, the distribution yield is 0%. No distributions have been detected over the last 12 months.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, or the actual underlying value, of the fund. It is important to distinguish between a falling market price and NAV erosion. While a falling price can be a sign of trouble, StockValueFinder uses an "erosion-risk score" to measure this risk.

For WEAT, the erosion score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Top Holdings

The following are the top holdings in the fund (note that this list is partial):

• GOLDMAN SACHS FS GOVERNMENT INSTL: 37.75%

• CHICAGO SRW WHEAT FUTURE MAR 27: 35.28%

• CHICAGO SRW WHEAT FUTURE DEC 27: 34.22%

• CHICAGO SRW WHEAT FUTURE MAY 27: 27.83%

• US BANK MMDA USBGFS 9: 18.47%

Holdings can change over time. This data was last updated on October 8, 2026.

Pros

• The fund has shown strong positive price returns so far this year (YTD) and over the last year.

• The erosion-risk measurement is rated as "good."

Cons

• The fund has experienced a negative price return over the last three years.

• The five-year total return is significantly negative.

Beginner takeaway

When looking at WEAT, it is important to notice the difference between short-term gains and long-term trends. While the price has gone up recently, the three-year and five-year returns have been negative. Additionally, because this fund has had a reverse split in the past, always look at "split-adjusted" returns to get an accurate picture of how the investment has actually performed.