# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001145549-25-049782
**Filing Date:** 2025-7
**Character Count:** 6997
**Document Hash:** 8695696ea81726e504165387cac782b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049782.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001145549-25-049782

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20251130

**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:** 251164180

**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

### Swan Hedged Equity US Large Cap ETF (Series ID: S000070373)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000223805 | Swan Hedged Equity US Large Cap ETF | HEGD            |

## 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:** Swan Hedged Equity US Large Cap ETF

- **b. EDGAR series identifier (if any):** S000070373

- **c. LEI of Series:** 549300Y53A5E7UC3Z264

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $424601956.77

**Total Liabilities:** $14748471.26

**Net Assets:** $409853485.51

**Cash Not Reported:** $351491.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223805 | -3.18%               | 0.72%                | 2.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $584743.60               | $-20548499.18                              |
| Month 2  | $2932869.38              | $-5187986.32                               |
| Month 3  | $0.00                    | $21496241.54                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1604551 | NS      | $1604551.14   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPX US 12/18/26 C5950                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       174 | NC      | $11413530.00  | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 12/18/26 C6600                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -174 | NC      | $-5291340.00  | -1.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 12/18/26 C6900                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       137 | NC      | $2582450.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 12/18/26 C7500                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -137 | NC      | $-785695.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 12/18/26 P6150                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       625 | NC      | $30171875.00  | 7.36%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPXW US 12/31/25 P5575                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       143 | NC      | $2579005.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPXW US 12/31/25 P5875                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -286 | NC      | $-7375940.00  | -1.80%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPXW US 12/31/25 P6175                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       143 | NC      | $5282420.00   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust         | SPDR S&P 500 ETF Trust                     | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |    624358 | NS      | $367990361.62 | 89.79%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Travis Babich

**Title:** Treasurer