# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001145549-23-009838
**Filing Date:** 2023-2
**Character Count:** 17400
**Document Hash:** f07f90b20455e8906742637ede2dff22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009838.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009838

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Listed Funds Trust
- **CENTRAL INDEX KEY:** 0001683471
- **IRS NUMBER:** 826272597
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23226
- **FILM NUMBER:** 23666343

**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 Inflation Beneficiaries ETF (Series ID: S000070458)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000223962 | Horizon Kinetics Inflation Beneficiaries ETF | INFL            |

## 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:** 414-516-1681

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

- **a. Name of Series:** Horizon Kinetics Inflation Beneficiaries ETF

- **b. EDGAR series identifier (if any):** S000070458

- **c. LEI of Series:** 5493002HSH81OPEVAK36

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1326981119.11

**Total Liabilities:** $49620358.81

**Net Assets:** $1277360760.30

**Cash Not Reported:** $209781.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223962 | 9.06%                | 8.32%                | -4.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-82764.38               | $104927424.97                              |
| Month 2  | $11704960.83             | $90085420.84                               |
| Month 3  | $377089.01               | $-60769615.65                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| West Fraser Timber Co Ltd      | West Fraser Timber Co Ltd                    | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    464101 | NS      | $33549861.29  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                | Weyerhaeuser Co                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    879119 | NS      | $27252689.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp                 | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |   1298820 | NS      | $50757885.60  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd       | Wilmar International Ltd                     | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |   6204780 | NS      | $19291628.84  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                                 | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |   8144202 | NS      | $54117032.97  | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                  | TMX Group Ltd                                | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |    242058 | NS      | $24210266.18  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Labrador Iron Ore Royalty Corp | Labrador Iron Ore Royalty Corp               | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    386704 | NS      | $9583763.47   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Deterra Royalties Ltd          | Deterra Royalties Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   7604914 | NS      | $23620307.96  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Topaz Energy Corp              | Topaz Energy Corp                            | CUSIP: 89055A203<br>LEI: 5493008M0TDGJOBY9122 | Long             | EC               | CORP              | CA        |    630643 | NS      | $9834670.35   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PrairieSky Royalty Ltd         | PrairieSky Royalty Ltd                       | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |   4255439 | NS      | $68152349.75  | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd                      | Bunge Ltd                                    | CUSIP: N/A<br>LEI: 5493007M0RIN8HY3MM77       | Long             | EC               | CORP              | US        |    413978 | NS      | $41302585.06  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC             | Royalty Pharma PLC                           | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | US        |    399464 | NS      | $15786817.28  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co      | Archer-Daniels-Midland Co                    | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    752711 | NS      | $69889216.35  | 5.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp                              | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    759079 | NS      | $23880625.34  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Lt | Brookfield Asset Management Ltd              | CUSIP: 113004105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    189772 | NS      | $5440763.24   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                 | CBRE Group Inc                               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    385573 | NS      | $29673698.08  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    102509 | NS      | $17237913.44  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc         | CACI International Inc                       | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |    102258 | NS      | $30737732.22  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories Int | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |    154847 | NS      | $33741161.30  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    236868 | NS      | $35520725.28  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc             | Cohen & Steers Inc                           | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |    225615 | NS      | $14565704.40  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Altius Minerals Corp           | Altius Minerals Corp                         | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |    609733 | NS      | $9994590.15   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP         | Dorchester Minerals LP                       | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |    273735 | NS      | $8192888.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp                           | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    373784 | NS      | $51014040.32  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    450102 | NS      | $46175964.18  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                     | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    247072 | NS      | $40885474.56  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesabi Trust                   | Mesabi Trust                                 | CUSIP: 590672101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    575751 | NS      | $10375033.02  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Ltd                        | ASX Ltd                                      | CUSIP: N/A<br>LEI: 549300VSBVYUCBIQKT71       | Long             | EC               | CORP              | AU        |    787725 | NS      | $36335992.47  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Ltd         | Singapore Exchange Ltd                       | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |   4364266 | NS      | $29123308.01  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD COM                | NUTRIEN LTD COM                              | CUSIP: 67077M108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    426951 | NS      | $31180231.53  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Exchange Group Inc       | Japan Exchange Group Inc                     | CUSIP: N/A<br>LEI: 353800578ADEGIJTVW07       | Long             | EC               | CORP              | JP        |    519105 | NS      | $7465244.89   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Osisko Gold Royalties Ltd      | Osisko Gold Royalties Ltd                    | CUSIP: 68827L101<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |   2144364 | NS      | $25882473.48  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG             | Deutsche Boerse AG                           | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |    274456 | NS      | $47276063.14  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Royalty Trust    | Permian Basin Royalty Trust                  | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1049170 | NS      | $26439084.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabine Royalty Trust           | Sabine Royalty Trust                         | CUSIP: 785688102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7547 | NS      | $644891.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                  | St Joe Co/The                                | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |    383105 | NS      | $14807008.25  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd             | Sandstorm Gold Ltd                           | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |   2680818 | NS      | $14101102.68  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp           | Sitio Royalties Corp                         | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2102471 | NS      | $60656284.20  | 4.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Sprott Inc                     | Sprott Inc                                   | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |    241492 | NS      | $8048928.36   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                      | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34388 | NS      | $80613381.24  | 6.31%             |  |  |  | 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        |  66836673 | NS      | $66836672.85  | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Partners LP       | Viper Energy Partners LP                     | CUSIP: 92763M105<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |   2117296 | NS      | $67308839.84  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Travis Babich

**Title:** Treasurer