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SOYB - Teucrium Soybean ETF

SOYB - Teucrium Soybean ETF

SOYB is the first ETF option for pure exposure to soybeans. It reflects the performance of soybeans by holding three soybean futures contracts of different expiration dates. This laddered strategy sets SOYB apart from its front-month benchmark, as it can work in its favor should soybeans fall into steep contango. Structured as a commodities pool, SOYB distributes K-1 forms and is marked-to-market yearly. Short-term traders can benefit from 60% of all gains being taxed as long term, regardless of the holding period. But on the flip side, long-term holders may find the tax consequences troublesome, since there's no beneficial tax rate for holding over one year.

The fund seeks to achieve its investment objective by investing under normal market conditions in Benchmark Component Futures Contracts. Under normal market conditions, the manager expects that 100% of the funds assets will be invested in Benchmark Component Futures Contracts and in cash and cash equivalents.