# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001193125-26-236446
**Filing Date:** 2026-5
**Character Count:** 18821
**Document Hash:** 210947fce2e25bfa31aae425f72fd968
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-236446.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001193125-26-236446

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**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:** 261013025

**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

### Relative Strength Managed Volatility Strategy ETF (Series ID: S000089421)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000255954 | Relative Strength Managed Volatility Strategy ETF | RSMV            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Relative Strength Managed Volatility Strategy ETF** | **Relative Strength Managed Volatility Strategy ETF** | **Relative Strength Managed Volatility Strategy ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 95.1%** | **Shares**  | **Value**  |
| **Consumer Discretionary Services - 3.4%** | **Consumer Discretionary Services - 3.4%** | |
| McDonald's Corp. | 3181 | $988623 |
| **Consumer Staple Products - 13.9%** | **Consumer Staple Products - 13.9%** |  |
| Coca-Cola Co. | 13377 | 1017321 |
| PepsiCo, Inc. | 6621 | 1028175 |
| Philip Morris International, Inc. | 5959 | 985261 |
| Procter & Gamble Co. | 6853 | 989847 |
|  |  | 4020604 |
| **Health Care - 18.2%** | **Health Care - 18.2%** |  |
| AbbVie, Inc. | 4692 | 1020463 |
| AstraZeneca PLC | 5441 | 1073074 |
| Eli Lilly & Co. | 1123 | 1032902 |
| Johnson & Johnson | 4344 | 1061847 |
| Merck & Co., Inc. | 8953 | 1076957 |
|  |  | 5265243 |
| **Industrial Products - 14.2%** | **Industrial Products - 14.2%** |  |
| Caterpillar, Inc. | 1473 | 1043562 |
| GE Vernova, Inc. | 1245 | 1086760 |
| General Electric Co. | 3449 | 978723 |
| RTX Corp. | 5127 | 988998 |
|  |  | 4098043 |
| **Insurance - 3.5%** | **Insurance - 3.5%** |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 2113 | 1012550 |
| **Materials - 3.6%** | **Materials - 3.6%** |  |
| Linde PLC | 2094 | 1038122 |
| **Media - 3.4%** | **Media - 3.4%** |  |
| Alphabet, Inc. - Class C | 3372 | 967292 |
| **Oil & Gas - 7.6%** | **Oil & Gas - 7.6%** |  |
| Chevron Corp. | 5240 | 1084156 |
| Exxon Mobil Corp. | 6532 | 1108219 |
|  |  | 2192375 |
| **Retail & Wholesale - Staples - 7.2%** | **Retail & Wholesale - Staples - 7.2%** |  |
| Costco Wholesale Corp. | 1043 | 1039276 |
| Walmart, Inc. | 8295 | 1030903 |
|  |  | 2070179 |
| **Technology Hardware & Semiconductors - 16.6%** | **Technology Hardware & Semiconductors - 16.6%** |  |
| Applied Materials, Inc. | 2965 | 1013407 |
| ASML Holding NV | 755 | 997226 |
| Intel Corp. <sup>(a)</sup> | 23567 | 1040012 |
| Lam Research Corp. | 4636 | 990528 |
| Micron Technology, Inc. | 2264 | 764870 |
|  |  | 4806043 |
| **Telecommunications - 3.5%** | **Telecommunications - 3.5%** |  |
| T-Mobile US, Inc. | 4841 | 1016755 |
| **TOTAL COMMON STOCKS** (Cost $26,986,908) | **TOTAL COMMON STOCKS** (Cost $26,986,908) | 27475829 |
| **EXCHANGE TRADED FUNDS - 4.4%** | **Shares**  | **Value**  |
| iShares Core U.S. Aggregate Bond ETF | 12815 | 1272145 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,281,767) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,281,767) | 1272145 |
| **TOTAL INVESTMENTS - 99.5% (**Cost $28,268,675**)** | **TOTAL INVESTMENTS - 99.5% (**Cost $28,268,675**)** | 28747974 |
| Money Market Deposit Account - 0.5% <sup>(b)</sup> | Money Market Deposit Account - 0.5% <sup>(b)</sup> | 125700 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | 6133 |
| **TOTAL NET ASSETS - 100.0%** |  | $28879807 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

PLC - Public Limited Company<br>

(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 March 31, 2026, was 3.45%.

(c) Represents less than 0.05% of net assets.

------

Relative Strength Managed Volatility Strategy 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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $27475829 | $– | $– | $27475829 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1272145 | – | – | 1272145 |
| Total Investments | $28747974 | $– | $– | $28747974 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

## 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:** Relative Strength Managed Volatility Strategy ETF

- **b. EDGAR series identifier (if any):** S000089421

- **c. LEI of Series:** 5299004AVM8TMKTZ7G60

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $28904177.86

**Total Liabilities:** $24370.43

**Net Assets:** $28879807.43

**Cash Not Reported:** $626.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255954 | 0.68%                | 1.23%                | -4.99%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $135704.15               | $186168.56                                 |
| Month 2  | $-369810.12              | $755305.34                                 |
| Month 3  | $-89872.97               | $-1547795.02                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                   | Alphabet Inc                         | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3372 | NS      | $967291.92    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                     | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     13377 | NS      | $1017320.85   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1043 | NS      | $1039276.49   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2264 | NS      | $764869.76    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      5127 | NS      | $988998.30    | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4841 | NS      | $1016755.23   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      6532 | NS      | $1108219.12   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                      | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      3181 | NS      | $988622.99    | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      5959 | NS      | $985261.06    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc               | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      2113 | NS      | $1012549.60   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1123 | NS      | $1032901.71   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      6621 | NS      | $1028175.09   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    125700 | NS      | $125699.51    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                      | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       755 | NS      | $997226.65    | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      4692 | NS      | $1020463.08   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                      | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      5441 | NS      | $1073074.02   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2965 | NS      | $1013407.35   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      3449 | NS      | $978722.73    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                      | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1473 | NS      | $1043561.58   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core U.S. Aggregate Bo | iShares Core U.S. Aggregate Bond ETF | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |     12815 | NS      | $1272145.05   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4344 | NS      | $1061847.36   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      6853 | NS      | $989847.32    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                            | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      2094 | NS      | $1038121.44   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5240 | NS      | $1084156.00   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1245 | NS      | $1086760.50   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     23567 | NS      | $1040011.71   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                    | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      4636 | NS      | $990527.76    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      8953 | NS      | $1076956.37   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      8295 | NS      | $1030902.60   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-19

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Travis Babich

**Title:** Treasurer