BNY Mellon Asset Servicing, the global leader in investment services, has been selected to provide exchange-traded fund (ETF) services, fund accounting, fund administration, global custody, securities lending and transfer agency services for three Teucrium commodity funds*: The Teucrium Soybean Fund (NYSE:SOYB), The Teucrium Sugar Fund (NYSE:CANE), and The Teucrium Wheat Fund (NYSE:WEAT).
The Teucrium funds are designed to provide investors with the opportunity to invest directly in soybeans, wheat or sugar without having to trade futures contracts.
“We have extended our relationship with BNY Mellon, which now provides ETF services to six of our funds,” said Sal Gilbertie, president of Teucrium Trading LLC. “As an ETF service provider, BNY Mellon has proven its ability to provide the sophisticated services required for increasingly complex products such as those based on commodities.”
“The ETF business has been rapidly evolving to provide investors with an increasing array of investment opportunities, such as the ability to invest in a broad range of commodities,” said Joseph Keenan, managing director and global head of exchange-traded fund services at BNY Mellon Asset Servicing. “We will continue to enhance our industry leading capabilities so we can provide the services that these innovative and diverse funds require for success.”
Teucrium Trading, LLC (Teucrium) is an issuer of single-commodity-focused next generation Exchange Traded Products. For more information, please visit: www.teucrium.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.
*The Funds have a limited operating history, meaning there is little performance history that might serve as a basis to evaluate an investment in the Trust. Investing in a Fund subjects an investor to the risks of the applicable commodity market, which investment could result in substantial fluctuations in the price of Fund shares. Unlike mutual funds, the Funds generally will not distribute dividends to shareholders. The Sponsor has limited experience operating commodity pools; a commodity pool is defined as an enterprise in which several individuals contribute funds in order to trade futures or futures options collectively. Investors may choose to use a Fund as a vehicle to hedge against the risk of loss and there are risks involved in hedging activities. Commodities and futures generally are volatile and are not suitable for all investors. The Funds are not mutual funds or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder. For a complete description of the risks associated with the Funds, please refer to the applicable prospectus.
Shares of the Funds are not FDIC insured, may lose value and have no bank guarantee. Foreside Fund Services, LLC is the distributor for the Teucrium Funds.
This material must be accompanied by the prospectuses:
SOURCE BNY Mellon