# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0000894189-25-014671
**Filing Date:** 2025-11
**Character Count:** 35483
**Document Hash:** e169e6f427b914f108d8aef2136c3172
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-014671.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-014671

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Listed Funds Trust
- **CENTRAL INDEX KEY:** 0001683471

**ORGANIZATION NAME:**
- **EIN:** 826272597
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23226
- **FILM NUMBER:** 251516362

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-5144

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Active Weighting Funds ETF Trust
- **DATE OF NAME CHANGE:** 20160830

## Series and Classes Contracts Data

### Horizon Kinetics SPAC Active ETF (Series ID: S000078973)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000239792 | Horizon Kinetics SPAC Active ETF | SPAQ            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Horizon Kinetics SPAC Active ETF** | **Horizon Kinetics SPAC Active ETF** | **Horizon Kinetics SPAC Active ETF** | **Horizon Kinetics SPAC Active ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS) - 93.5%** | **SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS) - 93.5%** | **Shares** | **Value**  |
| Aldel Financial II, Inc. <sup>(a)</sup> | Aldel Financial II, Inc. <sup>(a)</sup> | 57616 | $602087 |
| Axiom Intelligence Acquisition Corp. 1 - Class A <sup>(a)</sup> | Axiom Intelligence Acquisition Corp. 1 - Class A <sup>(a)</sup> | 66379 | 661135 |
| BERTO ACQUISITION CORP <sup>(a)</sup> | BERTO ACQUISITION CORP <sup>(a)</sup> | 23473 | 244354 |
| BTC Development Corp. <sup>(a)</sup> | BTC Development Corp. <sup>(a)</sup> | 29846 | 301445 |
| Cantor Equity Partners III, Inc. - Class A <sup>(a)</sup> | Cantor Equity Partners III, Inc. - Class A <sup>(a)</sup> | 22210 | 229207 |
| CARTESIAN GROWTH CORP III - Class A <sup>(a)</sup> | CARTESIAN GROWTH CORP III - Class A <sup>(a)</sup> | 19028 | 191136 |
| Centurion Acquisition Corp. <sup>(a)</sup> | Centurion Acquisition Corp. <sup>(a)</sup> | 59310 | 625720 |
| Drugs Made In America Acquisition Corp. <sup>(a)</sup> | Drugs Made In America Acquisition Corp. <sup>(a)</sup> | 53870 | 553245 |
| Fifth Era Acquisition Corp. I - Class A <sup>(a)</sup> | Fifth Era Acquisition Corp. I - Class A <sup>(a)</sup> | 44535 | 453366 |
| GigCapital7 Corp. - Class A <sup>(a)</sup> | GigCapital7 Corp. - Class A <sup>(a)</sup> | 45941 | 484218 |
| Graf Global Corp. - Class A <sup>(a)</sup> | Graf Global Corp. - Class A <sup>(a)</sup> | 55922 | 589418 |
| Indigo Acquisition Corp. <sup>(a)</sup> | Indigo Acquisition Corp. <sup>(a)</sup> | 52212 | 520032 |
| Jackson Acquisition Co. II - Class A <sup>(a)</sup> | Jackson Acquisition Co. II - Class A <sup>(a)</sup> | 54901 | 569872 |
| Launch Two Acquisition Corp. - Class A <sup>(a)</sup> | Launch Two Acquisition Corp. - Class A <sup>(a)</sup> | 59310 | 619493 |
| Legato Merger Corp. III <sup>(a)</sup> | Legato Merger Corp. III <sup>(a)</sup> | 54224 | 583450 |
| Lionheart Holdings - Class A <sup>(a)</sup> | Lionheart Holdings - Class A <sup>(a)</sup> | 47446 | 499606 |
| M3-Brigade Acquisition V Corp. - Class A <sup>(a)</sup> | M3-Brigade Acquisition V Corp. - Class A <sup>(a)</sup> | 31723 | 334678 |
| NewHold Investment Corp. III - Class A <sup>(a)</sup> | NewHold Investment Corp. III - Class A <sup>(a)</sup> | 39505 | 402161 |
| Oaktree Acquisition Corp. III Life Sciences <sup>(a)</sup> | Oaktree Acquisition Corp. III Life Sciences <sup>(a)</sup> | 59310 | 620976 |
| OTG Acquisition Corp. I <sup>(a)</sup> | OTG Acquisition Corp. I <sup>(a)</sup> | 59750 | 601683 |
| Oyster Enterprises II Acquisition Corp. - Class A <sup>(a)</sup> | Oyster Enterprises II Acquisition Corp. - Class A <sup>(a)</sup> | 50848 | 510005 |
| Roman DBDR Acquisition Corp. II <sup>(a)</sup> | Roman DBDR Acquisition Corp. II <sup>(a)</sup> | 54224 | 559049 |
| Silverbox Corp. IV - Class A <sup>(a)</sup> | Silverbox Corp. IV - Class A <sup>(a)</sup> | 35344 | 370052 |
| Sizzle Acquisition Corp. II - Class A <sup>(a)</sup> | Sizzle Acquisition Corp. II - Class A <sup>(a)</sup> | 35915 | 363460 |
| Soulpower Acquisition Corp. - Class A <sup>(a)</sup> | Soulpower Acquisition Corp. - Class A <sup>(a)</sup> | 35915 | 378544 |
| Titan Acquisition Corp. - Class A <sup>(a)</sup> | Titan Acquisition Corp. - Class A <sup>(a)</sup> | 50280 | 508834 |
| Wen Acquisition Corp. - Class A <sup>(a)</sup> | Wen Acquisition Corp. - Class A <sup>(a)</sup> | 19028 | 192754 |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $12,045,339) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $12,045,339) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $12,045,339) | 12569980 |
| **WARRANTS - 1.6%** | **WARRANTS - 1.6%** | **Contracts** | **Value**  |
| AA Mission Acquisition Corp., Expires 08/01/2030, Exercise Price $11.50 <sup>(a)</sup> | AA Mission Acquisition Corp., Expires 08/01/2030, Exercise Price $11.50 <sup>(a)</sup> | 25417 | 4067 |
| Aldel Financial II, Inc., Expires 10/10/2029, Exercise Price $11.50 <sup>(a)</sup> | Aldel Financial II, Inc., Expires 10/10/2029, Exercise Price $11.50 <sup>(a)</sup> | 30258 | 16492 |
| BERTO ACQUISITION CORP, Expires 04/28/2030, Exercise Price $11.50 <sup>(a)</sup> | BERTO ACQUISITION CORP, Expires 04/28/2030, Exercise Price $11.50 <sup>(a)</sup> | 11735 | 8212 |
| Blue Water Acquisition Corp. III, Expires 12/31/2026, Exercise Price $11.50 <sup>(a)</sup> | Blue Water Acquisition Corp. III, Expires 12/31/2026, Exercise Price $11.50 <sup>(a)</sup> | 20239 | 2836 |
| CARTESIAN GROWTH CORP III, Expires 03/06/2030, Exercise Price $11.50 <sup>(a)</sup> | CARTESIAN GROWTH CORP III, Expires 03/06/2030, Exercise Price $11.50 <sup>(a)</sup> | 9515 | 2379 |
| Centurion Acquisition Corp., Expires 08/01/2029, Exercise Price $11.50 <sup>(a)</sup> | Centurion Acquisition Corp., Expires 08/01/2029, Exercise Price $11.50 <sup>(a)</sup> | 29655 | 8897 |
| Churchill Capital Corp. IX, Expires 06/11/2029, Exercise Price $11.50 <sup>(a)</sup> | Churchill Capital Corp. IX, Expires 06/11/2029, Exercise Price $11.50 <sup>(a)</sup> | 11861 | 9477 |
| Churchill Capital Corp. X, Expires 07/03/2030, Exercise Price $11.50 <sup>(a)</sup> | Churchill Capital Corp. X, Expires 07/03/2030, Exercise Price $11.50 <sup>(a)</sup> | 9515 | 33778 |
| GigCapital7 Corp., Expires 09/11/2029, Exercise Price $11.50 <sup>(a)</sup> | GigCapital7 Corp., Expires 09/11/2029, Exercise Price $11.50 <sup>(a)</sup> | 51513 | 23181 |
| Graf Global Corp., Expires 08/07/2029, Exercise Price $11.50 <sup>(a)</sup> | Graf Global Corp., Expires 08/07/2029, Exercise Price $11.50 <sup>(a)</sup> | 27961 | 9227 |
| Launch Two Acquisition Corp., Expires 11/26/2029, Exercise Price $11.50 <sup>(a)</sup> | Launch Two Acquisition Corp., Expires 11/26/2029, Exercise Price $11.50 <sup>(a)</sup> | 29655 | 10797 |
| Lionheart Holdings, Expires 08/09/2029, Exercise Price $11.50 <sup>(a)</sup> | Lionheart Holdings, Expires 08/09/2029, Exercise Price $11.50 <sup>(a)</sup> | 23723 | 6548 |
| M3-Brigade Acquisition V Corp., Expires 09/23/2030, Exercise Price $11.50 <sup>(a)</sup> | M3-Brigade Acquisition V Corp., Expires 09/23/2030, Exercise Price $11.50 <sup>(a)</sup> | 18843 | 22989 |
| NewHold Investment Corp. III, Expires 04/17/2030, Exercise Price $11.50 <sup>(a)</sup> | NewHold Investment Corp. III, Expires 04/17/2030, Exercise Price $11.50 <sup>(a)</sup> | 19754 | 7111 |
| Oaktree Acquisition Corp. III Life Sciences, Expires 12/13/2031, Exercise Price $11.50 <sup>(a)</sup> | Oaktree Acquisition Corp. III Life Sciences, Expires 12/13/2031, Exercise Price $11.50 <sup>(a)</sup> | 11861 | 10319 |
| Roman DBDR Acquisition Corp. II, Expires 02/03/2030, Exercise Price $11.50 <sup>(a)</sup> | Roman DBDR Acquisition Corp. II, Expires 02/03/2030, Exercise Price $11.50 <sup>(a)</sup> | 27111 | 13957 |
| Silverbox Corp. IV, Expires 09/24/2029, Exercise Price $11.50 <sup>(a)</sup> | Silverbox Corp. IV, Expires 09/24/2029, Exercise Price $11.50 <sup>(a)</sup> | 18528 | 8152 |
| Titan Acquisition Corp., Expires 06/02/2030, Exercise Price $11.50 <sup>(a)</sup> | Titan Acquisition Corp., Expires 06/02/2030, Exercise Price $11.50 <sup>(a)</sup> | 25140 | 7572 |
| Voyager Acquisition Corp., Expires 05/16/2031, Exercise Price $11.50 <sup>(a)</sup> | Voyager Acquisition Corp., Expires 05/16/2031, Exercise Price $11.50 <sup>(a)</sup> | 27961 | 4753 |
| Wen Acquisition Corp., Expires 05/15/2031, Exercise Price $11.50 <sup>(a)</sup> | Wen Acquisition Corp., Expires 05/15/2031, Exercise Price $11.50 <sup>(a)</sup> | 9515 | 5471 |
| **TOTAL WARRANTS** (Cost $97,206) | **TOTAL WARRANTS** (Cost $97,206) | **TOTAL WARRANTS** (Cost $97,206) | 216215 |
| **RIGHTS - 0.7%** | **RIGHTS - 0.7%** | **Shares** | **Value**  |
| Axiom Intelligence Acquisition Corp. 1, Expires 06/10/2030, Exercise Price $10.00 <sup>(a)</sup> | Axiom Intelligence Acquisition Corp. 1, Expires 06/10/2030, Exercise Price $10.00 <sup>(a)</sup> | 66379 | 10621 |
| Black Hawk Acquisition Corp., Expires 12/22/2026, Exercise Price $10.00 <sup>(a)</sup> | Black Hawk Acquisition Corp., Expires 12/22/2026, Exercise Price $10.00 <sup>(a)</sup> | 3388 | 4912 |
| Drugs Made In America Acquisition Corp., Expires 10/15/2029, Exercise Price $10.00 <sup>(a)</sup> | Drugs Made In America Acquisition Corp., Expires 10/15/2029, Exercise Price $10.00 <sup>(a)</sup> | 53870 | 11717 |
| Fifth Era Acquisition Corp. I, Expires 02/21/2030, Exercise Price $0.00 <sup>(a)</sup> | Fifth Era Acquisition Corp. I, Expires 02/21/2030, Exercise Price $0.00 <sup>(a)</sup> | 44535 | 11802 |
| Flag Ship Acquisition Corp., Expires 03/31/2026, Exercise Price $0.11 <sup>(a)</sup> | Flag Ship Acquisition Corp., Expires 03/31/2026, Exercise Price $0.11 <sup>(a)</sup> | 47446 | 9015 |
| IB Acquisition Corp., Expires 03/28/2026, Exercise Price $10.00 <sup>(a)</sup> | IB Acquisition Corp., Expires 03/28/2026, Exercise Price $10.00 <sup>(a)</sup> | 54901 | 4392 |
| Indigo Acquisition Corp., Expires 04/02/2027, Exercise Price $10.00 <sup>(a)</sup> | Indigo Acquisition Corp., Expires 04/02/2027, Exercise Price $10.00 <sup>(a)</sup> | 52212 | 9137 |
| Jackson Acquisition Co. II, Expires 02/27/2026, Exercise Price $10.00 <sup>(a)</sup> | Jackson Acquisition Co. II, Expires 02/27/2026, Exercise Price $10.00 <sup>(a)</sup> | 54901 | 14274 |
| Oyster Enterprises II Acquisition Corp., Expires 05/22/2030, Exercise Price $10.00 <sup>(a)</sup> | Oyster Enterprises II Acquisition Corp., Expires 05/22/2030, Exercise Price $10.00 <sup>(a)</sup> | 50848 | 8644 |
| Sizzle Acquisition Corp. II, Expires 04/02/2030, Exercise Price $10.00 <sup>(a)</sup> | Sizzle Acquisition Corp. II, Expires 04/02/2030, Exercise Price $10.00 <sup>(a)</sup> | 35915 | 6105 |
| Soulpower Acquisition Corp., Expires 06/27/2026, Exercise Price $1.00 <sup>(a)</sup> | Soulpower Acquisition Corp., Expires 06/27/2026, Exercise Price $1.00 <sup>(a)</sup> | 35915 | 6824 |
| **TOTAL RIGHTS** (Cost $81,220) | **TOTAL RIGHTS** (Cost $81,220) | **TOTAL RIGHTS** (Cost $81,220) | 97443 |
| **TOTAL INVESTMENTS - 95.8% (**Cost $12,223,765**)** | **TOTAL INVESTMENTS - 95.8% (**Cost $12,223,765**)** | **TOTAL INVESTMENTS - 95.8% (**Cost $12,223,765**)** | 12883638 |
| Money Market Deposit Account - 6.4% <sup>(b)</sup> | Money Market Deposit Account - 6.4% <sup>(b)</sup> | Money Market Deposit Account - 6.4% <sup>(b)</sup> | 860448 |
| Liabilities in Excess of Other Assets - (2.2)% | Liabilities in Excess of Other Assets - (2.2)% | Liabilities in Excess of Other Assets - (2.2)% | (301240) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $13442846 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) Non-income producing security.

(b) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of September 30, 2025, was 3.99%.

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Horizon Kinetics SPAC Active ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Special Purpose Acquisition Companies (SPACs) | $8562935 | $4007045 | $– | $12569980 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 194251 | 21964 | – | 216215 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Rights | 78257 | 19186 | – | 97443 |
| Total Investments | $8835443 | $4048195 | $– | $12883638 |

---

---

| |
|:---|
| **Allocation of Portfolio Holdings by Country as of September 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| United States | $11445269 | 85.1% |
| Cayman Islands | 766613 | 5.7 |
| United Kingdom | 671756 | 5.0 |
| Assets in Excess of Other Liabilities | 559208 | 4.2 |
|  | $**13442846** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Listed Funds Trust

- **b. Investment Company Act file number:** 811-23226

- **c. CIK number of Registrant:** 0001683471

- **d. LEI of Registrant:** 549300C5D73JL0P1YC11

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1692

**Item A.2. Information about the Series.**

- **a. Name of Series:** Horizon Kinetics SPAC Active ETF

- **b. EDGAR series identifier (if any):** S000078973

- **c. LEI of Series:** 549300AI8RU2XFLJZ173

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $13449159.28

**Total Liabilities:** $9297.57

**Net Assets:** $13439861.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239792 | -0.27%               | -0.46%               | 1.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $34384.67                | $-50286.08                                 |
| Month 2  | $118013.61               | $-168940.35                                |
| Month 3  | $151435.74               | $-12496.07                                 |

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aldel Financial II Inc         | Aldel Financial II Inc                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     57616 | NS      | $602087.20    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     66379 | NS      | $10620.64     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTESIAN GROWTH CORP III      | CARTESIAN GROWTH CORP III                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     19028 | NS      | $191136.26    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     53870 | NS      | $553244.90    | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION ACQUISITION CORP     | Centurion Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     29655 | NS      | $8896.50      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Acquisition Corp        | Indigo Acquisition Corp                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     52212 | NS      | $520031.52    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     54901 | NS      | $569872.38    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     53870 | NS      | $11716.73     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flag Ship Acquisition Corp     | Flag Ship Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     47446 | NS      | $9014.74      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NewHold Investment Corp III    | NewHold Investment Corp III                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     39505 | NS      | $402160.90    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Acquisition Corp         | Titan Acquisition Corp                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50280 | NS      | $508833.60    | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition V Corp  | M3-Brigade Acquisition V Corp              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     31723 | NS      | $334677.65    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50848 | NS      | $510005.44    | 3.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     35915 | NS      | $6823.85      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     66379 | NS      | $661134.84    | 4.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Era Acquisition Corp I   | Fifth Era Acquisition Corp I               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |     44535 | NS      | $453366.30    | 3.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Indigo Acquisition Corp        | Indigo Acquisition Corp                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     52212 | NS      | $9137.10      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings             | Lionheart Holdings                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     47446 | NS      | $499606.38    | 3.72%             |  |  |  | No            |                  2 | On Loan: No      |
| OAKTREE ACQUISITION CORP I-A   | Oaktree Acquisition Corp III Life Sciences | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     11861 | NS      | $10319.07     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OTG Acquisition Corp I         | OTG Acquisition Corp I                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     59750 | NS      | $601682.50    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50848 | NS      | $8644.16      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman DBDR Acquisition Corp II | Roman DBDR Acquisition Corp II             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     54224 | NS      | $559049.44    | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMAN DBDR ACQUISITION CORP    | Roman DBDR Acquisition Corp II             | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     27111 | NS      | $13956.74     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II     | Sizzle Acquisition Corp II                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     35915 | NS      | $363459.80    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN ACQUISITION CORP-CL A    | Titan Acquisition Corp                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     25140 | NS      | $7572.17      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wen Acquisition Corp           | Wen Acquisition Corp                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     19028 | NS      | $192753.64    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| WEN ACQUISITION CORP-A         | Wen Acquisition Corp                       | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      9515 | NS      | $5471.13      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| IB Acquisition Corp            | IB Acquisition Corp                        | CUSIP: 44934N116<br>LEI: N/A | Long             | EC               | CORP              | US        |     54901 | NS      | $4392.08      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 7        | US BANK MMDA - USBGFS 7                    | CUSIP: N/A<br>LEI: N/A       | Long             | STIV             | RF                | US        |    860448 | NS      | $860447.91    | 6.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners III Inc | Cantor Equity Partners III Inc             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     22210 | NS      | $229207.20    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL CAPITAL CORP IX      | Churchill Capital Corp IX                  | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     11861 | NS      | $9476.94      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I   | Fifth Era Acquisition Corp I               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |     44535 | NS      | $11801.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GIGCAPITAL7 CORP-A             | GigCapital7 Corp                           | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     51513 | NS      | $23180.85     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     54901 | NS      | $14274.26     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Legato Merger Corp III         | Legato Merger Corp III                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     54224 | NS      | $583450.24    | 4.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Launch Two Acquisition Corp    | Launch Two Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     59310 | NS      | $619492.95    | 4.61%             |  |  |  | No            |                  2 | On Loan: No      |
| LAUNCH TWO ACQUISITION- CL A   | Launch Two Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     29655 | NS      | $10797.39     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-BRIGADE ACQUISITION V-A     | M3-Brigade Acquisition V Corp              | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     18843 | NS      | $22988.46     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LIONHEART HOLDINGS - CL A      | Lionheart Holdings                         | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     23723 | NS      | $6547.55      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWHOLD INVESTMENT CORP II-A   | NewHold Investment Corp III                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     19754 | NS      | $7111.44      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALDEL FINANCIAL II INC         | Aldel Financial II Inc                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     30258 | NS      | $16492.12     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AA MISSION ACQUISITION COR-A   | AA Mission Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     25417 | NS      | $4066.72      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hawk Acquisition Corp    | Black Hawk Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |      3388 | NS      | $4912.60      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BLUE WATER ACQUISITION C-A     | Blue Water Acquisition Corp III            | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     20239 | NS      | $2835.48      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTESIAN GROWTH CORP I-CL A   | CARTESIAN GROWTH CORP III                  | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      9515 | NS      | $2378.75      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp     | Centurion Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     59310 | NS      | $625720.50    | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL CAPITAL CORP X-A     | Churchill Capital Corp X                   | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      9515 | NS      | $33778.24     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP         | BERTO ACQUISITION CORP                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     23473 | NS      | $244353.93    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP         | BERTO ACQUISITION CORP                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     11735 | NS      | $8212.15      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Graf Global Corp               | Graf Global Corp                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     55922 | NS      | $589417.88    | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Acquisition Corp III L | Oaktree Acquisition Corp III Life Sciences | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     59310 | NS      | $620975.70    | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp               | GigCapital7 Corp                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     46382 | NS      | $488866.28    | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAF GLOBAL CORP-CL A          | Graf Global Corp                           | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     27961 | NS      | $9227.13      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVERBOX CORP IV-A            | Silverbox Corp IV                          | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     18528 | NS      | $8152.32      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER ACQUISITION CORP       | Voyager Acquisition Corp                   | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     27961 | NS      | $4753.37      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp IV              | Silverbox Corp IV                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     35344 | NS      | $370051.68    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II     | Sizzle Acquisition Corp II                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     35915 | NS      | $6105.55      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     35915 | NS      | $378544.10    | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Listed Funds Trust

**Title:** Treasurer