Blueprint
Filed
pursuant to Rule 424(b)(3)
File
No. 333-217248
TEUCRIUM SUGAR FUND
Supplement
dated January 16, 2018
to
Prospectus
dated May 1, 2017
This
supplement updates the prospectus of the Teucrium Sugar Fund (the
“Fund”), dated May 1, 2017, with the following
information. It should be read in its entirety and kept together
with your prospectus for future reference.
1. Investment in Commercial
Paper. As stated in the Fund’s prospectus, the Fund
invests in futures contracts and other commodity interests to the
fullest extent possible without being leveraged or unable to
satisfy its expected current or potential margin or collateral
obligations with respect to its investments in futures contracts
and other commodity interests. After fulfilling such margin and
collateral requirements, the Fund invests the remainder of its
proceeds from the sale of baskets in obligations of the United
States government (“Treasury Securities”) or cash
equivalents, and/or merely holds such assets in cash (generally in
interest-bearing accounts). Additionally, as of January 16, 2018,
the Fund may invest in commercial paper rated at the date of
purchase “Prime-1” or “Prime-2” by
Moody’s and/or “A-1” or “A-2” by
S&P, or if unrated, of comparable quality as determined by the
sponsor of the Fund, Teucrium Trading, LLC (the
“Sponsor”). Commercial paper represents short-term
unsecured promissory notes issued in bearer form by banks or bank
holding companies, corporations and finance companies. The duration
until maturity of such commercial paper held by the Fund will not
exceed ninety days.
2. Management of the
Sponsor. The prospectus of the Fund currently notes that
Carl N. (Chuck) Miller III is a principal of the Sponsor through
his ownership interest in the Sponsor. As of August 21, 2017, Mr.
Miller no longer retains an ownership interest in the Sponsor which
is equal to or greater than 10%, and, thus, is no longer a
principal of the Sponsor as defined by the rules of the Commodity
Futures Trading Commission.
3. In the section of
the prospectus of each Fund captioned “U.S. Federal Income Tax Considerations
-- Non-U.S.
Shareholders,” the first sentence of the last
paragraph is deleted.