ACOM vs WEAT

ACOMCHarbor Active Commodity ETF

WEATBTeucrium Wheat Fund

In short

ACOM Most commodity ETFs bolt themselves to a fixed index. This one hands the wheel to Quantix, an ex-Goldman commodities team, to actively trade futures, options and swaps, with the Quantix Commodity Index as the yardstick.

WEAT Wheat, straight up. Since 2011 this Teucrium fund has given brokerage-account investors pure-play exposure to CBOT wheat futures, laddered across three contract months rather than piled into the front month.

Stated mandate

ACOM The Fund seeks commodity-market exposure through actively managed commodity instruments, including futures, options, over-the-counter swaps, and other commodity-linked derivatives. It normally invests at least 80% of net assets in instruments providing commodity exposure.

WEAT The fund seeks cost-effective price exposure to the wheat market through futures for future delivery.

Why people hold it

• ACOM Genuinely active, not index-plus: the subadviser picks and sizes futures, options and OTC swaps across commodity markets rather than following set index weights.nasdaqtrader.comharborcapital.com
• The bench behind it: Quantix is led by CIO Don Casturo, formerly Goldman Sachs' global commodities COO, and the same shop runs Harbor's index-based commodity ETF and built the Quantix Commodity Index.harborcapital.comharborcapital.com 2
• Built as a 1940 Act fund, with commodity derivatives routed through a wholly owned Cayman subsidiary, the standard plumbing for keeping this exposure inside fund tax rules.sec.govsec.gov 2
• The mandate has guardrails: at least 80% of net assets must sit in commodity-exposure instruments, so it stays a commodity fund however the manager shifts between markets.nasdaqtrader.com

• WEAT Costs 0.62% a year, under the typical fee for futures-based commodity funds. Cheap matters most when the thing you own throws off no income.
• The benchmark splits across three CBOT contracts: 35% second-to-expire, 30% third-to-expire, 35% the following December. Roll risk gets spread down the curve, not stacked on one month.teucrium.com
• Wheat exposure without a futures account: no margin posting, no roll management, no contract expiries on your calendar. Buy it like a stock, sell it like a stock.teucrium.com
• Among futures-based commodity funds, one of the stronger overall packages on cost and structure.

Worth knowing

• ACOM Active discretion carries a price: 0.93% a year, above the median for futures-based commodity funds, several of which run cheaper index strategies (PDBC at 0.74%).
• It launched in 2026, so there is no long public record for the strategy in this wrapper, and it remains small and thinly traded next to the category's established names.harborcapital.com
• Returns come from a derivatives book, not a coupon: commodity futures and swaps can move sharply, and the fund has not been paying distributions.harborcapital.com

• WEAT It is a commodity pool taxed as a partnership, so shareholders get a Schedule K-1 with Section 1256 treatment (60% long-term, 40% short-term), not a 1099.teucrium.com
• The fund tracks wheat futures, not the spot price. When the curve slopes against you, returns can drift from the wheat headlines you read.teucrium.com
• One crop, one market, and weather sets the price. Swings here run hot compared with diversified commodity baskets, and the fund is built for price exposure, not income.

Full ACOM profile⁠

Full WEAT profile⁠