TAGS vs TILL

TAGSCTeucrium Agricultural Fund

TILLCTeucrium Agricultural Strategy No K-1 ETF

In short

TAGS One ticket, four crops: TAGS holds Teucrium's corn, wheat, soybean and sugar funds at roughly a quarter each. Pure farm-field exposure, no energy or metals along for the ride, and the thinnest headline fee in the ag-futures group.

TILL Teucrium's answer to commodity-fund tax paperwork: an actively managed basket of farm futures from the CBOT and ICE, wrapped as a 1940 Act fund that sends a 1099 instead of a Schedule K-1. The name says the quiet part out loud.

Stated mandate

TAGS The Fund seeks daily results reflecting the combined performance of four agricultural commodity pools covering corn, wheat, soybeans and sugar. It invests equally in those underlying funds and targets approximately 25% in each.

TILL The fund seeks capital appreciation through primarily investing in agricultural commodity futures contracts traded on CBOT or ICE.

Why people hold it

• TAGS Headline fee of 0.17% sits far below the 0.75% typical of ag-futures funds.
• Targets about 25% each in corn, wheat, soybeans and sugar, so no single crop runs the show.
• Trading since 2012 and one of the stronger builds in the agricultural futures group.

• TILL The "No K-1" in the name is the pitch. It is a 1940 Act fund, so tax season brings a 1099 rather than the partnership schedule commodity pools mail out.
• Actively managed instead of bolted to a fixed index: a manager works a book of roughly 30 agricultural futures positions traded on the CBOT and ICE.
• One ticker covers the farm complex, so there is no choosing between single-crop funds like CORN or CANE.

Worth knowing

• TAGS It is a fund of funds: you also carry the costs of the four Teucrium funds it holds (sugar 0.54%, corn 0.61%), so all-in cost runs above the headline fee.
• A small, thinly traded fund, so spreads can widen and large orders can move the price.
• Built as a commodity pool rather than a standard stock ETF, with no regular distributions; tax paperwork differs, and rival PDBA is designed to skip the K-1.

• TILL Costs sit at the pricier end: 0.89% a year against a 0.75% median for agricultural commodity funds, and far above Teucrium's own TAGS at 0.17%.
• A small fund with moderate trading, which can mean wider bid-ask spreads than the category's largest names.
• The mandate is capital appreciation from futures, not income. Payouts come once or twice a year at most, and results track the futures curve, not spot crop prices.

Full TAGS profile⁠

Full TILL profile⁠