At a glance
TAGS charges 1.0% a year, above the 0.82% average of the 7 funds most like it (the 4th cheapest of 8). It has $18.2M in assets, the 7th largest of that group. Over the past year it returned +11.2% with distributions reinvested (S&P 500: +11.5%), 5th of those 8 funds; over three years it returned −6.0% a year. At its worst it fell 17.5% in the 2020 crash (S&P 500: 33.7%) and 21.3% in the 2022 bear market (S&P 500: 24.5%).
The short version
Teucrium Agricultural Fund (TAGS) is a commodity pool that owns shares of four sister Teucrium funds holding corn, soybean, sugar and wheat futures, which are contracts to trade a crop at a set price on a later date. It is taxed as a partnership, so holders get a Schedule K-1 tax form instead of a 1099, and it pays no distributions. Its 1.00% expense ratio is above the 0.82% average for similar funds.
Price history
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TAGS +11.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| TAGS price data to Oct 27, 2026 | +12.4% | +11.2% | -6.0% | -0.8% | -0.6% | -4.4% |
- Over the year to Oct 27, 2026, TAGS returned +11.2%, 5th of 8 among similar funds.
- Its 5-year annualized return was -0.8% and its 10-year -0.6%.
- In the 2020 COVID crash it fell 17.5% and regained its old high 7.1 months after the low.
- Its worst full calendar year was 2013 (-30.0%); its best was 2021 (+27.0%).
- The deepest fall in its price history was 76.4% (Jul 18, 2012 to Apr 27, 2020), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +12.4% |
| 2025 | -8.8% |
| 2024 | -14.6% |
| 2023 | -6.1% |
| 2022 | +16.3% |
| 2021 | +27.0% |
| 2020 | +8.2% |
| 2019 | -4.5% |
| 2018 | -7.1% |
| 2017 | -13.9% |
| 2016 | -3.0% |
| 2015 | -19.9% |
| 2014 | -2.8% |
| 2013 | -30.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 10.9% over that stretch · deepest drop along the way 17.5%, back to its old high 7.1 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 16.5% over that stretch · deepest drop along the way 21.3%, not recovered by the end of the data |
What's inside
The fund holds futures contracts and the cash and Treasury bills backing them, not the commodity itself; its net assets were $18.2M as of Jun 30, 2026 (per its 10-Q). As a commodity pool it files 10-Q and 10-K reports instead of N-PORT holdings reports, so there is no holdings list.
How it works
TAGS aims for daily results that reflect the combined daily performance of four sister funds: Teucrium Corn Fund (CORN), Teucrium Soybean Fund (SOYB), Teucrium Sugar Fund (CANE) and Teucrium Wheat Fund (WEAT). It owns shares of those funds rather than trading futures itself. The sponsor, Teucrium Trading, LLC, runs all five.
Each sister fund holds futures contracts, which are agreements to trade a crop at a set price on a later date. Each fund's benchmark blends three contracts with staggered expiry dates. CORN's benchmark, for example, is 35% the second-to-expire Chicago Board of Trade corn contract, 30% the third and 35% the following December contract. Teucrium says the funds are designed to soften the effects of contango (later contracts priced above nearer ones) and backwardation (the reverse). Contracts must still be rolled, or replaced before they expire, and the price gap can add to or cut returns. Over time, results can drift away from the crop's cash price.
As a commodity pool, TAGS is not an investment company under the Investment Company Act of 1940, so it lacks some protections that law gives fund investors. It is taxed as a partnership: holders get a Schedule K-1 and owe tax on their share of gains each year, even without selling. The fund may change its objective, benchmark or strategy without shareholder approval or advance notice.
What it really costs
- TAGS charges 1% a year, versus an average of 0.82% for the similar funds below (4th of 8, cheapest first).
Structure and tax notes
- A commodity pool: it holds futures contracts (and the cash and Treasury bills backing them), not the commodity itself, and it is not a 1940 Act investment company, so it lacks some fund-specific investor protections. It is taxed as a partnership: investors get a Schedule K-1 rather than a 1099 and owe tax on their share of its gains each year, even without selling. Expiring contracts must be rolled into later ones, and the price gap between them adds to or takes from returns, so over time it can drift well away from the spot price of what it tracks. Besides the sponsor's fee, it pays brokerage commissions and other costs.
In a retirement portfolio
It has moved largely apart from stocks, but as a narrow crop-futures fund with no income and a 76.4% drop still unrecovered as of October 27, 2026, it carries more risk than a core holding.
In the year to October 27, 2026, TAGS moved largely apart from stocks, with a beta (a gauge of how closely it follows the stock market) of -0.02. It launched in 2012, so it has no record from the 2008 crisis. Its worst calendar year was 2013, down 30%. It fell 17.5% in the 2020 COVID crash and recovered in about seven months. It gained 16.5% during the 2022 bear market. But as of October 27, 2026, it had not regained its May 2022 peak after a 21.3% drop. Nor had it regained its July 2012 high after a 76.4% fall to April 2020. Selling in a slump could lock in deep losses.
It pays no distributions. Its 1.00% expense ratio is above the 0.82% average for similar funds, and its Schedule K-1 partnership tax form adds paperwork. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting corn, soybean, sugar and wheat futures in one fund instead of holding CORN, SOYB, CANE and WEAT separately.
- Those wanting a small position that gained 16.5% during the 2022 bear market and barely tracked stocks in the year to October 27, 2026.
- Investors who can stomach long slumps, including a 76.4% fall from 2012 to 2020, and handle a Schedule K-1 partnership tax form.
Look elsewhere if
- Those who need income: TAGS pays no distributions, so any cash drawn from it must come from selling shares.
- Cost-focused investors: its 1.00% expense ratio tops the 0.82% average of seven similar funds, and Invesco DB Agriculture Fund (DBA) charges 0.85%.
- Anyone wanting steady long-term growth: TAGS lost an average 0.6% a year over the 10 years to October 27, 2026.
Close alternatives
Matched by legacy category (no holdings report for this fund).
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| TAGS this fund | 1% | $18.2M | +11.2% | -6.0% |
| DBA Invesco DB Agriculture Fund | 0.85% | $822.2M | +8.0% | +11.9% |
| MOO VanEck Agribusiness ETF | 0.53% | $567.4M | +11.9% | +6.9% |
| WEAT Teucrium Wheat Fund | 1% | $115.1M | +6.2% | -8.3% |
| VEGI iShares MSCI Agriculture Producers ETF | 0.39% | $98.5M | +14.4% | +10.3% |
| CORN Teucrium Corn Fund | 1% | $51.4M | -2.4% | -7.8% |
| SOYB Teucrium Soybean Fund | 1% | $25.6M | +16.0% | -1.6% |
| CANE Teucrium Sugar Fund | 1% | $11.0M | +23.8% | -8.7% |
Questions investors ask
What does the TAGS ETF hold?
TAGS holds shares of four sister funds from Teucrium: the Teucrium Corn Fund (CORN), Soybean Fund (SOYB), Sugar Fund (CANE) and Wheat Fund (WEAT). Those funds own futures contracts, which are agreements to trade a crop at a set price on a later date. The contracts trade on the Chicago Board of Trade or, for sugar, ICE Futures US. TAGS aims for daily results that reflect the four funds' combined daily performance.
Does TAGS pay dividends?
No. TAGS has no recorded distributions, so it provides no income. Any return comes from changes in its share price. It is a commodity pool taxed as a partnership, so holders receive a Schedule K-1 tax form instead of a 1099. They may owe tax each year on their share of the fund's gains, even without selling shares or receiving any cash.
TAGS vs DBA: what's the difference?
TAGS is much smaller and costs more. Invesco DB Agriculture Fund (DBA), the largest fund in TAGS's peer group, charges a 0.85% expense ratio and has about $822 million in net assets. TAGS charges 1.00% and had about $18.2 million in net assets as of June 30, 2026. In the year to October 27, 2026, TAGS returned 11.2% against DBA's 8%. Over three years, DBA gained 11.9% a year while TAGS lost 6% a year.
What's the difference between TAGS and CORN?
TAGS spreads across four crops, while CORN holds only corn futures. TAGS owns shares of CORN plus Teucrium's soybean (SOYB), sugar (CANE) and wheat (WEAT) funds. All carry 1.00% expense ratios. In the year to October 27, 2026, the four single-crop funds returned between -2.4% for CORN and 23.8% for CANE. TAGS returned 11.2%, which shows how a blend can land between the extremes of its parts.
Is TAGS good for retirement?
It may suit only a small, higher-risk part of a retirement portfolio. TAGS pays no distributions, charges a 1.00% expense ratio and lost an average 0.6% a year over the 10 years to October 27, 2026. Its deepest fall, 76.4% from July 2012 to April 2020, had not been recovered by that date. On the other hand, it gained 16.5% during the 2022 bear market, when stocks fell, which some investors value for diversification.