Teucrium Wheat Fund
WEAT CommodityUpdated: Jul 4, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Goldman Sachs FS Government Instl | FGTXX | 30.29% |
About This ETF
The Teucrium Wheat Fund (WEAT) is a Commodity ETF with an expense ratio (TER) of 1% and $326M in assets under management., with its largest holdings being Goldman Sachs FS Government Instl. Year-to-date, WEAT has returned +12.05%.
The fund seeks to achieve its investment objective by investing in Benchmark Component Futures Contracts. Under normal market conditions, the manager expects that 100% of the fund’s assets will be invested in benchmark component futures contracts and in cash and cash equivalents.
FAQ — WEAT
What is the TER of WEAT (Teucrium Wheat Fund)?
WEAT has a Total Expense Ratio (TER) of 1.00 % per year. That sits above the commodity category median (0.59 % across 9 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has WEAT delivered?
Performance for WEAT: YTD: +12.05 % · 3-year p.a.: -11.38 % · 5-year p.a.: -7.22 %. Over 5 years, WEAT underperforms the commodity category median of +17.52 % by -24.74 pp. Past performance is no guarantee of future returns.
What are the top holdings of WEAT?
The five largest positions in WEAT are: FGTXX. The full holdings list is updated daily on this page.
Where can I buy or set up a savings plan for WEAT?
WEAT is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What is the Teucrium Wheat Fund (WEAT)?
The Teucrium Wheat Fund tracks the price of wheat, one of the world's most important agricultural commodities. Unlike an equity ETF, WEAT holds no companies — instead it invests in wheat futures contracts plus cash and cash equivalents as collateral. With roughly $277M in assets, the fund gives investors direct exposure to wheat price moves as a portfolio diversifier and a potential hedge against food-price inflation. The fund pays no dividend.
Performance in context
WEAT's returns mirror the highly volatile global price of wheat. Year to date the fund has gained 19.15%, while its longer-term record is negative: −8.78% over three years and −6.58% over five years (annualized). These swings are driven by harvest yields, weather events, export restrictions and geopolitical tensions in key growing regions.
The futures structure matters: when rolling expiring contracts, periods of contango can create roll losses that further weigh on returns over time. The 1.00% annual expense ratio is well above that of broad index ETFs.
Risk profile
WEAT is a concentrated single-commodity fund and therefore highly volatile. Key risks include:
- Price risk: wheat prices depend on harvests, weather, inventories and trade policy and can move sharply.
- Roll risk: because the fund holds futures rather than physical wheat, switching contracts can incur roll losses.
- Currency risk: the fund is denominated in US dollars. Euro-area investors also bear EUR/USD exchange-rate risk — a weaker dollar can erode gains.
Since WEAT distributes no income, every return comes solely from price changes. A long-term buy-and-hold approach suits this instrument only to a limited degree.
Who is WEAT suited for?
The fund fits experienced investors seeking a small, targeted satellite holding to diversify an equity and bond portfolio, or who want to express a view on wheat prices. It can also serve as a tactical inflation hedge when food prices rise.
WEAT is less suitable for:
- income-focused investors — the fund pays no dividend;
- long-term savings plans, since roll losses and volatility weigh on buy-and-hold returns;
- risk-averse investors expecting stable performance.
Any position should be kept small and reviewed regularly. This is not investment advice.
How WEAT compares
Within commodity ETFs, WEAT takes a single-commodity approach focused on wheat. Investors wanting broader exposure have alternatives:
- Invesco Optimum Yield Diversified Commodity (PDBC): a broad basket of energy, metal and agricultural commodities — lower concentration, but not a pure wheat bet.
- SPDR Gold Shares (GLD) and iShares Silver Trust (SLV): physically backed precious-metal funds widely used as classic inflation and crisis hedges, carrying no futures roll risk.
By comparison WEAT is more specialized and more volatile. Its 1.00% expense ratio sits above that of many diversified commodity and precious-metal ETFs.
Where can I buy WEAT?
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