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Teucrium Sugar Fund (CANE+0.77%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing a decrease in net assets to $14,463,660 from $17,720,099 at the end of the previous year. This decrease is attributed to net losses from trading activities and redemptions exceeding share issuances.
The fund reported a realized loss of $2,341,549 on commodity futures contracts for the nine months ended September 30, 2024, compared to a realized gain of $11,018,654 in the same period the previous year.
Net change in unrealized appreciation on commodity futures contracts was $3,135,018 for the nine months ended September 30, 2024, compared to $933,062 in the previous year.
Interest income for the nine months was $553,337, down from $1,007,430 in the previous year.
Total expenses for the nine months were $449,238, compared to $625,527 in the previous year. The reduction in expenses is primarily due to a decrease in management fees and professional fees.
The fund's net income for the nine months was $897,568, compared to $12,333,619 in the previous year.
Cash and cash equivalents at the end of the period were $14,627,660, down from $16,773,745 at the end of the previous year.
The fund's net asset value per share increased to $13.15 from $12.44 at the end of the previous year.
The filing also details various financial agreements and the fund's investment strategy, which focuses on tracking the sugar market for future delivery.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Teucrium Sugar Fund quarterly 10-Q report dated November 12, 2024. To report an error, please email earnings@qz.com.