# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0000894189-26-007824
**Filing Date:** 2026-3
**Character Count:** 403346
**Document Hash:** d04ff27065bf225774416368e14000cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-007824.hdr.sgml**: 20260313

**ACCESSION NUMBER**: 0000894189-26-007824

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 8

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260313

**DATE AS OF CHANGE**: 20260313

**EFFECTIVENESS DATE**: 20260313

**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:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23226
- **FILM NUMBER:** 26750866

**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

### Roundhill Video Games ETF (Series ID: S000065293)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000211351 | Roundhill Video Games ETF | NERD            |

### Roundhill Sports Betting & iGaming ETF (Series ID: S000068603)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000219509 | Roundhill Sports Betting & iGaming ETF | BETZ            |

### Horizon Kinetics Inflation Beneficiaries ETF (Series ID: S000070458)

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

### Roundhill Ball Metaverse ETF (Series ID: S000072321)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000228445 | Roundhill Ball Metaverse ETF | METV            |

### Roundhill Cannabis ETF (Series ID: S000074090)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000231570 | Roundhill Cannabis ETF | WEED            |

### Teucrium Agricultural Strategy No K-1 ETF (Series ID: S000075991)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000235398 | Teucrium Agricultural Strategy No K-1 ETF | TILL            |

### Horizon Kinetics Blockchain Development ETF (Series ID: S000076848)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000236948 | Horizon Kinetics Blockchain Development ETF | BCDF            |

### Horizon Kinetics Medical ETF (Series ID: S000078972)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000239791 | Horizon Kinetics Medical ETF | MEDX            |

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

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

### Horizon Kinetics Energy and Remediation ETF (Series ID: S000079432)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000240468 | Horizon Kinetics Energy and Remediation ETF | NVIR            |

### Roundhill Magnificent Seven ETF (Series ID: S000079576)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000240653 | Roundhill Magnificent Seven ETF | MAGS            |

### Teucrium 2x Daily Corn ETF (Series ID: S000089250)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000255765 | Teucrium 2x Daily Corn ETF | CXRN            |

### Teucrium 2x Daily Wheat ETF (Series ID: S000089252)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000255767 | Teucrium 2x Daily Wheat ETF | WXET            |

### Yields for You Income Strategy A ETF (Series ID: S000089419)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000255952 | Yields for You Income Strategy A ETF | YFYA            |

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

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

### GlacierShares Nasdaq Iceland ETF (Series ID: S000090959)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000258348 | GlacierShares Nasdaq Iceland ETF | GLCR            |

### Teucrium 2x Long Daily XRP ETF (Series ID: S000091625)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000259303 | Teucrium 2x Long Daily XRP ETF | XXRP            |

### Horizon Kinetics Japan Owner Operator ETF (Series ID: S000092105)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000260028 | Horizon Kinetics Japan Owner Operator ETF | JAPN            |

### 21Shares FTSE Crypto 10 ex-BTC Index ETF (Series ID: S000095658)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000264395 | 21Shares FTSE Crypto 10 ex-BTC Index ETF | TXBC            |

### 21Shares FTSE Crypto 10 Index ETF (Series ID: S000095659)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000264396 | 21Shares FTSE Crypto 10 Index ETF | TTOP            |

### AlphaDroid Broad Markets Momentum ETF (Series ID: S000095815)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000264597 | AlphaDroid Broad Markets Momentum ETF | EZMO            |

### AlphaDroid Defensive Sector Rotation ETF (Series ID: S000095816)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000264598 | AlphaDroid Defensive Sector Rotation ETF | EZRO            |

### 21Shares 2x Long Dogecoin ETF (Series ID: S000096555)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000265435 | 21Shares 2x Long Dogecoin ETF | TXXD            |

### 21Shares 2x Long Sui ETF (Series ID: S000096556)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000265436 | 21Shares 2x Long Sui ETF | TXXS            |

## Internal

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Horizon Kinetics ETFs and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of Horizon Kinetics Blockchain Development ETF, Horizon Kinetics Energy and Remediation ETF, Horizon Kinetics Inflation Beneficiaries ETF, Horizon Kinetics Japan Owner Operator ETF, Horizon Kinetics Medical ETF, and Horizon Kinetics SPAC Active ETF (the "Funds"), each a series of Listed Funds Trust, as of and for the year or period ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

## Internal

#### <br>

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Roundhill ETFs and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of Roundhill Ball Metaverse ETF, Roundhill Cannabis ETF, Roundhill Magnificent Seven ETF, Roundhill Sports Betting & iGaming ETF, and Roundhill Video Games ETF (the "Funds"), each a series of Listed Funds Trust, as of and for the year ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, Ltd.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

## Internal

#### <br>

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of 21Shares ETFs and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of 21Shares 2x Long Dogecoin ETF, 21Shares 2x Long Sui ETF, 21Shares FTSE Crypto 10 ex-BTC Index ETF, and 21Shares FTSE Crypto 10 Index ETF (the "Funds"), each a series of Listed Funds Trust, as of and for the period ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

## Internal

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of GlacierShares Nasdaq Iceland ETF and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of GlacierShares Nasdaq Iceland ETF (the "Fund"), a series of Listed Funds Trust, as of and for the period ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

## Internal

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of AlphaDroid ETFs and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of AlphaDroid Broad Markets Momentum ETF, and AlphaDroid Defensive Sector Rotation ETF (the "Funds"), each a series of Listed Funds Trust, as of and for the period ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

## Internal

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Teucrium ETFs and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of Teucrium 2x Daily Corn ETF, Teucrium 2x Daily Wheat ETF, Teucrium 2x Long Daily XRP ETF, and Teucrium Agricultural Strategy No K-1 ETF (the "Funds"), each a series of Listed Funds Trust, as of and for the year or period ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

## Internal

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Yields for You ETFs and

Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of Relative Strength Managed Volatility Strategy ETF, and Yields for You Income Strategy A ETF (the "Funds"), each a series of Listed Funds Trust, as of and for the period ended December 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/Cohen & Company, LTD.

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

February 27, 2026

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001683471

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000070458

**Series ID Record:2**
- **Series ID:** S000076848

**Series ID Record:3**
- **Series ID:** S000078972

**Series ID Record:4**
- **Series ID:** S000078973

**Series ID Record:5**
- **Series ID:** S000079432

**Series ID Record:6**
- **Series ID:** S000092105

**Series ID Record:7**
- **Series ID:** S000072321

**Series ID Record:8**
- **Series ID:** S000074090

**Series ID Record:9**
- **Series ID:** S000079576

**Series ID Record:10**
- **Series ID:** S000068603

**Series ID Record:11**
- **Series ID:** S000065293

**Series ID Record:12**
- **Series ID:** S000075991

**Series ID Record:13**
- **Series ID:** S000089250

**Series ID Record:14**
- **Series ID:** S000089252

**Series ID Record:15**
- **Series ID:** S000091625

**Series ID Record:16**
- **Series ID:** S000095815

**Series ID Record:17**
- **Series ID:** S000095816

**Series ID Record:18**
- **Series ID:** S000090959

**Series ID Record:19**
- **Series ID:** S000089421

**Series ID Record:20**
- **Series ID:** S000089419

**Series ID Record:21**
- **Series ID:** S000095659

**Series ID Record:22**
- **Series ID:** S000095658

**Series ID Record:23**
- **Series ID:** S000096555

**Series ID Record:24**
- **Series ID:** S000096556

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-12-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Listed Funds Trust

- **Item B.1.b - Investment Company Act file number:** 811-23226

- **Item B.1.c - CIK:** 0001683471

- **Item B.1.d - LEI:** 549300C5D73JL0P1YC11

- **Item B.2.a - Street 1:** C/O U.S. BANCORP FUND SERVICES LLC

- **Item B.2.a - Street 2:** 615 East Michigan Street

- **Item B.2.b - City:** Milwaukee

- **Item B.2.c - State:** WI

- **Item B.2.e - Zip Code:** 53202

- **Item B.2.f - Telephone:** 8336121912

- **Item B.2.g - Public Website:** https://etfs.swanglobalinvestments.com/

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** U.S. Bank N/A

- **b. Street 1:** 1555 North River Center Drive

- **Street 2:** Suite 302

- **c. City:** Milwaukee

- **d. State, if applicable:** WI

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 53202

- **g. Telephone number:** 8336121912

- **h. Briefly describe the books and records kept at this location:** Books and records related to the custody of Fund assets

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** Core Alternative Capital LLC

- **b. Street 1:** 3930 East Jones Bridge Rd

- **Street 2:** Suite 380

- **c. City:** Peachtree Corners

- **d. State, if applicable:** GA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 30092

- **g. Telephone number:** 8006170004

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by advisor for CCOR

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** Wahed Invest LLC

- **b. Street 1:** 12 East 49th Street

- **Street 2:** 11th floor

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 8559764747

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by advisor for Wahed ETFs

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** U.S. Bancorp Fund Services LLC

- **b. Street 1:** 615 East Michigan Street

- **c. City:** Milwaukee

- **d. State, if applicable:** WI

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 53202

- **g. Telephone number:** 8336121912

- **h. Briefly describe the books and records kept at this location:** Books and records related to transfer agency fund accounting and fund administration services provided

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** Foreside Fund Services LLC

- **b. Street 1:** 3 Canal Plaza

- **Street 2:** Suite 100

- **c. City:** Portland

- **d. State, if applicable:** ME

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 04101

- **g. Telephone number:** 2075537116

- **h. Briefly describe the books and records kept at this location:** Books and records related to distribution data of the fund

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** Quasar Distributors LLC

- **b. Street 1:** 3 Canal Plaza

- **Street 2:** Suite 100

- **c. City:** Portland

- **d. State, if applicable:** ME

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 04101

- **g. Telephone number:** 4147103012

- **h. Briefly describe the books and records kept at this location:** Books and records related to distribution data of the fund

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** Roundhill Financial LLC

- **b. Street 1:** 154 W 14th Street

- **Street 2:** 2nd Floor

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10011

- **g. Telephone number:** 6466615441

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by advisor for Roundhill ETFs

**Location books Record: 8**

- **a. Name of person (e.g., a custodian of records):** Exchange Traded Concepts LLC

- **b. Street 1:** 10900 Hefner Pointe Drive

- **Street 2:** Suite 400

- **c. City:** Oklahoma City

- **d. State, if applicable:** OK

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 73120

- **g. Telephone number:** 4057788377

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by sub-advisor for Roundhill ETFs

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** Liquid Strategies LLC

- **b. Street 1:** 3550 Lenox Rd

- **Street 2:** Suite 2550

- **c. City:** Atlanta

- **d. State, if applicable:** GA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 30326

- **g. Telephone number:** 8667046857

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by advisor for Overlay Shares ETFs

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** Swan Capital Management LLC

- **b. Street 1:** 1099 Main Avenue

- **Street 2:** Suite 206

- **c. City:** Durango

- **d. State, if applicable:** CO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 81301

- **g. Telephone number:** 9703828901

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Advisor for HEGD

**Location books Record: 11**

- **a. Name of person (e.g., a custodian of records):** Swan Global Management LLC

- **b. Street 1:** 20 Ridge Top

- **c. City:** Humacao

- **f. Zip code and zip code extension, or foreign postal code:** 00791

- **g. Telephone number:** 9703828901

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Sub-Advisor for HEGD

**Location books Record: 12**

- **a. Name of person (e.g., a custodian of records):** Horizon Kinetics Asset Management LLC

- **b. Street 1:** 470 Park Avenue South

- **Street 2:** 3rd Floor South

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10016

- **g. Telephone number:** 6464957333

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Advisor for Horizon Kinetics ETFs

**Location books Record: 13**

- **a. Name of person (e.g., a custodian of records):** Alexis Investment Partners, LLC

- **b. Street 1:** 103 Casterly Green Ct

- **c. City:** Montgomery

- **d. State, if applicable:** TX

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 77316

- **g. Telephone number:** 8665394383

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Adviser for LEXI

**Location books Record: 14**

- **a. Name of person (e.g., a custodian of records):** Spear Advisors LLC

- **b. Street 1:** 64 Three Mile Harbor HC Rd

- **c. City:** East Hampton

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 11937

- **g. Telephone number:** 8333407222

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Adviser for SPRX

**Location books Record: 15**

- **a. Name of person (e.g., a custodian of records):** STF Management LP

- **b. Street 1:** 6136 Frisco Square Boulevard

- **Street 2:** Suite 400

- **c. City:** Frisco

- **d. State, if applicable:** TX

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 75034

- **g. Telephone number:** 8665909112

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Adviser for TUG and TUGN

**Location books Record: 16**

- **a. Name of person (e.g., a custodian of records):** Teucrium Investment Advisors, LLC

- **b. Street 1:** Three Main Street

- **Street 2:** Suite 215

- **c. City:** Burlington

- **d. State, if applicable:** VT

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 05401

- **g. Telephone number:** 8025400019

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Adviser for Teucrium ETFs

**Location books Record: 17**

- **a. Name of person (e.g., a custodian of records):** Ryan Heritage, LLP

- **b. Street 1:** 250 Pehle Avenue

- **Street 2:** Suite 708

- **c. City:** Saddle Brook

- **d. State, if applicable:** NJ

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 07663

- **g. Telephone number:** 2015560092

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Sub-Advisor for SPAQ

**Location books Record: 18**

- **a. Name of person (e.g., a custodian of records):** PINE Distributors LLC

- **b. Street 1:** 501 S. Cherry Street

- **Street 2:** Suite 610

- **c. City:** Denver

- **d. State, if applicable:** CO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 80246

- **g. Telephone number:** 7206518092

- **h. Briefly describe the books and records kept at this location:** Books and records related to distribution data of the fund

**Location books Record: 19**

- **a. Name of person (e.g., a custodian of records):** Fortuna Funds, LLC

- **b. Street 1:** 6565 Hillcrest Road

- **Street 2:** Suite 215

- **c. City:** Dallas

- **d. State, if applicable:** TX

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 75205

- **g. Telephone number:** 8006170004

- **h. Briefly describe the books and records kept at this location:** Books and records for the Fortuna Hedged Bitcoin ETF.

**Location books Record: 20**

- **a. Name of person (e.g., a custodian of records):** 21Shares US, LLC

- **b. Street 1:** 158 West 27th Street

- **Street 2:** 4th Floor

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10001

- **g. Telephone number:** 3322494530

- **h. Briefly describe the books and records kept at this location:** Books and records related to work done by Sub-Adviser for 21Shares ETFs.

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 41

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name           | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| Pam Conroy     | No                      | 811-07685                               |
| Koji Felton    | No                      | 811-23084                               |
| John L. Jacobs | No                      | 811-23823, 811-23645, 811-23323         |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Christi Powitzky

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** C/O U.S. BANCORP FUND SERVICES LLC

- **   Street Address 2:** 622 North Cass Street

- **d. City:** Milwaukee

- **e. State, if applicable:** WI

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 53202

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** Yes

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

**Chief compliance officer Record: 2**

- **a. Full Name:** Jill Silver

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** C/O U.S. BANCORP FUND SERVICES LLC

- **   Street Address 2:** 622 North Cass Street

- **d. City:** Milwaukee

- **e. State, if applicable:** WI

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 53202

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** Yes

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Foreside Funds Distributors LLC

- **ii. SEC file number:** 8-32480

- **iii. CRD number:** 000031334

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

**Principal underwriter Record: 2**

- **i. Full name:** Quasar Distributors, LLC

- **ii. SEC file number:** 8-52323

- **iii. CRD number:** 000103848

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** WI

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

**Principal underwriter Record: 3**

- **i. Full name:** PINE Distributors, LLC

- **ii. SEC file number:** 8-71004

- **iii. CRD number:** 000323408

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** CO

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Cohen and Company, Ltd.

- **b. PCAOB Number:** 00925

- **c. LEI, if any:** N/A

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Horizon Kinetics Inflation Beneficiaries ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Horizon Kinetics Inflation Beneficiaries ETF

- **b. Series identification number, if any:** S000070458

- **c. LEI:** 5493002HSH81OPEVAK36

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                        | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Horizon Kinetics Inflation Beneficiaries ETF | C000223962                                | INFL                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 35**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 36**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 37**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 38**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 41**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 42**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 43**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 44**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 45**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 46**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 47**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 48**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 49**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 50**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 51**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 52**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 53**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 54**

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  **Idemnity Providers Record: 58**

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  **Idemnity Providers Record: 59**

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  **Idemnity Providers Record: 60**

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  **Idemnity Providers Record: 61**

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 63**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 64**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 65**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 66**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 67**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 68**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 69**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 70**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 71**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $45,737,707.37

- **g. Provide the net income from securities lending activities:** $303,282.14

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Horizon Kinetics Asset Management, LLC

- **ii. SEC file number:** 801-47515

- **iii. CRD number:** 000106096

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** ACCESS SECURITIES LLC

- **ii. SEC file number:** 8-39729

- **iii. CRD number:** 000022455

- **iv. LEI, if any:** 2549007UD4DGNW84BE02

- **v. State, if applicable:** CT

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $680.00

**Brokers Record: 2**

- **i. Full name of broker:** FBN SECURITIES INC.

- **ii. SEC file number:** 8-30461

- **iii. CRD number:** 000018315

- **iv. LEI, if any:** 549300IZFVXL9ZPJFM37

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,180.00

**Brokers Record: 3**

- **i. Full name of broker:** FIDELITY BROKERAGE SERVICES LLC

- **ii. SEC file number:** 8-23292

- **iii. CRD number:** 000007784

- **iv. LEI, if any:** 549300OQFQ4NFIOD5695

- **v. State, if applicable:** RI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,713.00

**Brokers Record: 4**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,567.00

**Brokers Record: 5**

- **i. Full name of broker:** MADISON WILLIAMS AND COMPANY

- **ii. SEC file number:** 8-68150

- **iii. CRD number:** 000149530

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,704.00

**Brokers Record: 6**

- **i. Full name of broker:** VIRTU ITG LLC

- **ii. SEC file number:** 8-44218

- **iii. CRD number:** 000029299

- **iv. LEI, if any:** 549300S41SMIODVIT266

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $44,361.00

**Brokers Record: 7**

- **i. Full name of broker:** WEEDEN & CO.L.P.

- **ii. SEC file number:** 8-37267

- **iii. CRD number:** 000016835

- **iv. LEI, if any:** 549300OYBLKSN8M8EW67

- **v. State, if applicable:** CT

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,993.00

**Aggregate Commission:** $114,199.00

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| ACADEMY SECURITIES INC.    | 8-35173           |    000017433 | 2549000QX6RLQOZ2XC11 | NY      | US        | $50,000,000.00            |
| WEEDEN & CO.L.P.           | 8-37267           |    000016835 | 549300OYBLKSN8M8EW67 | CT      | US        | $8,036,844.00             |
| HUNTINGTON SECURITIES INC. | 8-5761            |    000002261 | 549300S2V3DHXKF6GV27 | OH      | US        | $1,400,007.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $59,436,851.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,220,267,462.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - Horizon Kinetics Blockchain Development ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Horizon Kinetics Blockchain Development ETF

- **b. Series identification number, if any:** S000076848

- **c. LEI:** 549300FMOBCGFQ3ZDA61

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                       | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Horizon Kinetics Blockchain Development ETF | C000236948                                | BCDF                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 24**

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $385,327.27

- **g. Provide the net income from securities lending activities:** $15,333.51

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Horizon Kinetics Asset Management, LLC

- **ii. SEC file number:** 801-47515

- **iii. CRD number:** 000106096

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** FBN SECURITIES INC.

- **ii. SEC file number:** 8-30461

- **iii. CRD number:** 000018315

- **iv. LEI, if any:** 549300IZFVXL9ZPJFM37

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $100.00

**Brokers Record: 2**

- **i. Full name of broker:** FIDELITY BROKERAGE SERVICES LLC

- **ii. SEC file number:** 8-23292

- **iii. CRD number:** 000007784

- **iv. LEI, if any:** 549300OQFQ4NFIOD5695

- **v. State, if applicable:** RI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $426.00

**Brokers Record: 3**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $160.00

**Brokers Record: 4**

- **i. Full name of broker:** MADISON WILLIAMS AND COMPANY

- **ii. SEC file number:** 8-68150

- **iii. CRD number:** 000149530

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38.00

**Brokers Record: 5**

- **i. Full name of broker:** VIRTU ITG LLC

- **ii. SEC file number:** 8-44218

- **iii. CRD number:** 000029299

- **iv. LEI, if any:** 549300S41SMIODVIT266

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $329.00

**Brokers Record: 6**

- **i. Full name of broker:** WEEDEN & CO.L.P.

- **ii. SEC file number:** 8-37267

- **iii. CRD number:** 000016835

- **iv. LEI, if any:** 549300OYBLKSN8M8EW67

- **v. State, if applicable:** CT

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $604.00

**Aggregate Commission:** $1,657.00

**Item C.17.a. Principal transaction counterparties.**

| Name             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| WEEDEN & CO.L.P. | 8-37267           |    000016835 | 549300OYBLKSN8M8EW67 | CT      | US        | $160,747.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $160,747.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $16,950,585.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - Horizon Kinetics Medical ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Horizon Kinetics Medical ETF

- **b. Series identification number, if any:** S000078972

- **c. LEI:** 549300CIMHLERTH7OU26

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class        | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Horizon Kinetics Medical ETF | C000239791                                | MEDX                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 35**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 36**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 37**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 38**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 41**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 42**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 43**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 44**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 45**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 46**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 47**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 48**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 49**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 50**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 51**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 52**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 53**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 54**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 55**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 56**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 57**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 58**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 59**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 60**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 61**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 62**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 63**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 64**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 65**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 66**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 67**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 68**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 69**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 70**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 71**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $599,110.55

- **g. Provide the net income from securities lending activities:** $45,660.63

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Horizon Kinetics Asset Management, LLC

- **ii. SEC file number:** 801-47515

- **iii. CRD number:** 000106096

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** WEEDEN & CO.L.P.

- **ii. SEC file number:** 8-37267

- **iii. CRD number:** 000016835

- **iv. LEI, if any:** 549300OYBLKSN8M8EW67

- **v. State, if applicable:** CT

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $37.00

**Aggregate Commission:** $37.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $16,683,318.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - Horizon Kinetics SPAC Active ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Horizon Kinetics SPAC Active ETF

- **b. Series identification number, if any:** S000078973

- **c. LEI:** 549300AI8RU2XFLJZ173

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class            | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Horizon Kinetics SPAC Active ETF | C000239792                                | SPAQ                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Horizon Kinetics Asset Management, LLC

- **ii. SEC file number:** 801-47515

- **iii. CRD number:** 000106096

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Ryan Heritage, LLP

- **ii. SEC file number:** 801-122617

- **iii. CRD number:** 000317097

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,675.00

**Brokers Record: 2**

- **i. Full name of broker:** CLEAR STREET LLC

- **ii. SEC file number:** 8-69972

- **iii. CRD number:** 000288933

- **iv. LEI, if any:** 549300KNQS43Y7TO3X67

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,193.00

**Brokers Record: 3**

- **i. Full name of broker:** FIRST BALLANTYNE LLC

- **ii. SEC file number:** 8-65792

- **iii. CRD number:** 000125393

- **iv. LEI, if any:** 254900PCL35VMQYM1R50

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $400.00

**Brokers Record: 4**

- **i. Full name of broker:** MADISON WILLIAMS AND COMPANY

- **ii. SEC file number:** 8-68150

- **iii. CRD number:** 000149530

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $137.00

**Brokers Record: 5**

- **i. Full name of broker:** MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED

- **ii. SEC file number:** 8-7221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $290.00

**Brokers Record: 6**

- **i. Full name of broker:** PERSHING LLC

- **ii. SEC file number:** 8-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,166.00

**Brokers Record: 7**

- **i. Full name of broker:** ROTHSCHILD & CO US INC.

- **ii. SEC file number:** 8-13852

- **iii. CRD number:** 000002910

- **iv. LEI, if any:** 549300ILF3L0BBIDPZ11

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5.00

**Brokers Record: 8**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,002.00

**Brokers Record: 9**

- **i. Full name of broker:** WELLS FARGO SECURITIES LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $28.00

**Aggregate Commission:** $15,896.00

**Item C.17.a. Principal transaction counterparties.**

| Name                                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BTIG LLC                                         | 8-65473           |    000122225 | 549300GTG9PL6WO3EC51 | CA      | US        | $350,000.00               |
| CANTOR FITZGERALD & CO.                          | 8-201             |    000000134 | 5493004J7H4GCPG6OB62 | NY      | US        | $2,200,000.00             |
| GOLDMAN SACHS & CO. LLC                          | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $1,500,000.00             |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | 8-7221            |    000007691 | 8NAV47T0Y26Q87Y0QP81 | NY      | US        | $820,000.00               |
| NATIONAL FINANCIAL SERVICES LLC                  | 8-26740           |    000013041 | 549300JRHF1MHHWUAW04 | MA      | US        | $597,500.00               |
| PERSHING LLC                                     | 8-17574           |    000007560 | ZI8Q1A8EI8LQFJNM0D94 | NJ      | US        | $2,856,240.00             |
| WEDBUSH SECURITIES INC.                          | 8-12987           |    000000877 | 549300CSX55MXZ47EI78 | CA      | US        | $645,000.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $8,968,740.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $15,143,391.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 5 - Horizon Kinetics Energy and Remediation ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Horizon Kinetics Energy and Remediation ETF

- **b. Series identification number, if any:** S000079432

- **c. LEI:** 549300NT2XBNEJLQ4I91

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                       | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Horizon Kinetics Energy and Remediation ETF | C000240468                                | NVIR                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 35**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 36**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 37**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 38**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 41**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 42**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 43**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 44**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 45**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 46**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 47**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 48**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 49**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 50**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 51**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 52**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 53**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 54**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 55**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 56**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 57**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 58**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 59**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 60**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 61**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 62**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 63**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 64**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 65**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 66**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 67**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 68**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 69**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 70**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 71**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $51,585.54

- **g. Provide the net income from securities lending activities:** $195.26

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Horizon Kinetics Asset Management, LLC

- **ii. SEC file number:** 801-47515

- **iii. CRD number:** 000106096

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** FIDELITY BROKERAGE SERVICES LLC

- **ii. SEC file number:** 8-23292

- **iii. CRD number:** 000007784

- **iv. LEI, if any:** 549300OQFQ4NFIOD5695

- **v. State, if applicable:** RI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $85.00

**Brokers Record: 2**

- **i. Full name of broker:** MADISON WILLIAMS AND COMPANY

- **ii. SEC file number:** 8-68150

- **iii. CRD number:** 000149530

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32.00

**Brokers Record: 3**

- **i. Full name of broker:** VIRTU ITG LLC

- **ii. SEC file number:** 8-44218

- **iii. CRD number:** 000029299

- **iv. LEI, if any:** 549300S41SMIODVIT266

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $55.00

**Brokers Record: 4**

- **i. Full name of broker:** WEEDEN & CO.L.P.

- **ii. SEC file number:** 8-37267

- **iii. CRD number:** 000016835

- **iv. LEI, if any:** 549300OYBLKSN8M8EW67

- **v. State, if applicable:** CT

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $127.00

**Aggregate Commission:** $300.00

**Item C.17.a. Principal transaction counterparties.**

| Name                    | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| ACADEMY SECURITIES INC. | 8-35173           |    000017433 | 2549000QX6RLQOZ2XC11 | NY      | US        | $150,000.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $150,000.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $3,851,952.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 6 - Horizon Kinetics Japan Owner Operator ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Horizon Kinetics Japan Owner Operator ETF

- **b. Series identification number, if any:** S000092105

- **c. LEI:** 529900NMVE880LQBLG33

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                     | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Horizon Kinetics Japan Owner Operator ETF | C000260028                                | JAPN                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Horizon Kinetics Asset Management, LLC

- **ii. SEC file number:** 801-47515

- **iii. CRD number:** 000106096

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9.00

**Brokers Record: 2**

- **i. Full name of broker:** FIDELITY BROKERAGE SERVICES LLC

- **ii. SEC file number:** 8-23292

- **iii. CRD number:** 000007784

- **iv. LEI, if any:** 549300OQFQ4NFIOD5695

- **v. State, if applicable:** RI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $289.00

**Brokers Record: 3**

- **i. Full name of broker:** VIRTU ITG LLC

- **ii. SEC file number:** 8-44218

- **iii. CRD number:** 000029299

- **iv. LEI, if any:** 549300S41SMIODVIT266

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $102.00

**Aggregate Commission:** $401.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $16,210,703.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 7 - Roundhill Ball Metaverse ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Roundhill Ball Metaverse ETF

- **b. Series identification number, if any:** S000072321

- **c. LEI:** 549300B4Z0KX18RBL957

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class        | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Roundhill Ball Metaverse ETF | C000228445                                | METV                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 49**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 50**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 51**

  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 63**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 64**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 65**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 66**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 67**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 68**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 69**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 70**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 71**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $17,338,441.00

- **g. Provide the net income from securities lending activities:** $62,970.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ROUNDHILL INVESTMENTS INC.

- **ii. SEC file number:** 801-114971

- **iii. CRD number:** 000300799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** EXCHANGE TRADED CONCEPTS, LLC

- **ii. SEC file number:** 801-70485

- **iii. CRD number:** 000151197

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** VIRTU AMERICAS LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $110,767.00

**Brokers Record: 2**

- **i. Full name of broker:** BOFA SECURITIES INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $30,870.00

**Brokers Record: 3**

- **i. Full name of broker:** MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED

- **ii. SEC file number:** 8-7221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,126.00

**Brokers Record: 4**

- **i. Full name of broker:** CLSA AMERICAS LLC

- **ii. SEC file number:** 8-69166

- **iii. CRD number:** 000165533

- **iv. LEI, if any:** 213800M2DXATWY7JMS07

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,689.00

**Brokers Record: 5**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,375.00

**Brokers Record: 6**

- **i. Full name of broker:** MIRAE ASSET SECURITIES (USA) INC.

- **ii. SEC file number:** 8-45034

- **iii. CRD number:** 000030679

- **iv. LEI, if any:** 25490087B4GFZLJZE912

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,440.00

**Aggregate Commission:** $181,267.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $303,788,742.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 8 - Roundhill Cannabis ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Roundhill Cannabis ETF

- **b. Series identification number, if any:** S000074090

- **c. LEI:** 549300322F6MTRSUQ175

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Roundhill Cannabis ETF  | C000231570                                | WEED                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 35**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 36**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 37**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 38**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 41**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 42**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 43**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 44**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 45**

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  **Idemnity Providers Record: 68**

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ROUNDHILL INVESTMENTS INC.

- **ii. SEC file number:** 801-114971

- **iii. CRD number:** 000300799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** EXCHANGE TRADED CONCEPTS, LLC

- **ii. SEC file number:** 801-70485

- **iii. CRD number:** 000151197

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** NOMURA SECURITIES INTERNATIONAL INC.

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $40,882.00

**Brokers Record: 2**

- **i. Full name of broker:** VIRTU AMERICAS LLC

- **ii. SEC file number:** 8-68193

- **iii. CRD number:** 000149823

- **iv. LEI, if any:** 549300RA02N3BNSWBV74

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $515.00

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $43.00

**Brokers Record: 4**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $27.00

**Aggregate Commission:** $41,467.00

**Item C.17.a. Principal transaction counterparties.**

| Name                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.     | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $21,848,533.00            |
| BMO CAPITAL MARKETS CORP. | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $6,900,844.00             |
| CITADEL SECURITIES LLC    | 8-53574           |    000116797 | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $20,419,525.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $49,168,901.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $6,354,403.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 9 - Roundhill Magnificent Seven ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Roundhill Magnificent Seven ETF

- **b. Series identification number, if any:** S000079576

- **c. LEI:** 549300XYABGAKA0WAI17

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class           | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Roundhill Magnificent Seven ETF | C000240653                                | MAGS                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

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  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $43,611,117.00

- **g. Provide the net income from securities lending activities:** $43,284.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ROUNDHILL INVESTMENTS INC.

- **ii. SEC file number:** 801-114971

- **iii. CRD number:** 000300799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** EXCHANGE TRADED CONCEPTS, LLC

- **ii. SEC file number:** 801-70485

- **iii. CRD number:** 000151197

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $150,936.00

**Brokers Record: 2**

- **i. Full name of broker:** MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED

- **ii. SEC file number:** 8-7221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71,871.00

**Brokers Record: 3**

- **i. Full name of broker:** NOMURA SECURITIES INTERNATIONAL INC.

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $62,817.00

**Brokers Record: 4**

- **i. Full name of broker:** PERSHING LLC

- **ii. SEC file number:** 8-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,931.00

**Aggregate Commission:** $318,554.00

**Item C.17.a. Principal transaction counterparties.**

| Name                      | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.     | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $6,578,983,226.00         |
| BMO CAPITAL MARKETS CORP. | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $2,024,368,086.00         |
| CITADEL SECURITIES LLC    | 8-53574           |    000116797 | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $7,243,401,027.00         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $15,846,752,339.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $2,586,592,145.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 10 - Roundhill Sports Betting & iGaming ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Roundhill Sports Betting & iGaming ETF

- **b. Series identification number, if any:** S000068603

- **c. LEI:** 5493005SLJO6R4VTRX63

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                  | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Roundhill Sports Betting & iGaming ETF | C000219509                                | BETZ                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 35**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 36**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 37**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 38**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 41**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 42**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 43**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 44**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 45**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 46**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 47**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 48**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 49**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 50**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 51**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 52**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 53**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 54**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 55**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 56**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 57**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 58**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 59**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 60**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 61**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 62**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 63**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 64**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 65**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 66**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 67**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 68**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 69**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 70**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 71**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $8,572,800.00

- **g. Provide the net income from securities lending activities:** $17,690.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ROUNDHILL INVESTMENTS INC.

- **ii. SEC file number:** 801-114971

- **iii. CRD number:** 000300799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** EXCHANGE TRADED CONCEPTS, LLC

- **ii. SEC file number:** 801-70485

- **iii. CRD number:** 000151197

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BOFA SECURITIES INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,097.00

**Brokers Record: 2**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,303.00

**Brokers Record: 3**

- **i. Full name of broker:** MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED

- **ii. SEC file number:** 8-7221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,068.00

**Brokers Record: 4**

- **i. Full name of broker:** PERSHING LLC

- **ii. SEC file number:** 8-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $603.00

**Aggregate Commission:** $20,072.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $74,427,724.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 11 - Roundhill Video Games ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Roundhill Video Games ETF

- **b. Series identification number, if any:** S000065293

- **c. LEI:** 54930011XHQ9J8UW1U75

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class     | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Roundhill Video Games ETF | C000211351                                | NERD                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 2**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 3**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 4**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 5**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 6**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 7**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 8**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 9**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 10**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 11**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 12**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 13**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 14**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 15**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 16**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 17**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 18**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 19**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 20**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 21**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 22**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 23**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 24**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 25**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 26**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 27**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 28**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 29**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 30**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 31**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 32**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 33**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 34**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 35**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 36**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 37**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 38**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 39**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 40**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 41**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 42**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 43**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 44**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 45**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 46**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 47**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 48**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 49**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 50**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 51**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 52**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 53**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 54**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 55**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 56**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 57**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 58**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 59**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 60**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 61**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 62**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 63**

  - **1. Name of person providing indemnification:** —

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  **Idemnity Providers Record: 64**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 65**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 66**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 67**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 68**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 69**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 70**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 71**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 72**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 73**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 74**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 75**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 76**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 77**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 78**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 79**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 80**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

  **Idemnity Providers Record: 81**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $1,316,428.00

- **g. Provide the net income from securities lending activities:** $2,031.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** ROUNDHILL INVESTMENTS INC.

- **ii. SEC file number:** 801-114971

- **iii. CRD number:** 000300799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** EXCHANGE TRADED CONCEPTS, LLC

- **ii. SEC file number:** 801-70485

- **iii. CRD number:** 000151197

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,038.00

**Brokers Record: 2**

- **i. Full name of broker:** MIRAE ASSET SECURITIES (USA) INC.

- **ii. SEC file number:** 8-45034

- **iii. CRD number:** 000030679

- **iv. LEI, if any:** 25490087B4GFZLJZE912

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,865.00

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,284.00

**Brokers Record: 4**

- **i. Full name of broker:** CLSA AMERICAS LLC

- **ii. SEC file number:** 8-69166

- **iii. CRD number:** 000165533

- **iv. LEI, if any:** 213800M2DXATWY7JMS07

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,118.00

**Brokers Record: 5**

- **i. Full name of broker:** MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED

- **ii. SEC file number:** 8-7221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 8NAV47T0Y26Q87Y0QP81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $243.00

**Brokers Record: 6**

- **i. Full name of broker:** PERSHING LLC

- **ii. SEC file number:** 8-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $155.00

**Brokers Record: 7**

- **i. Full name of broker:** YUANTA SECURITIES CO. LTD.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** N/A

- **vii. Gross commissions paid by the Fund for the reporting period:** $875.00

**Brokers Record: 8**

- **i. Full name of broker:** CL SECURITIES TAIWAN COMPANY LIMITED

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** N/A

- **vii. Gross commissions paid by the Fund for the reporting period:** $117.00

**Aggregate Commission:** $16,696.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $22,993,132.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 12 - Teucrium Agricultural Strategy No K-1 ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Teucrium Agricultural Strategy No K-1 ETF

- **b. Series identification number, if any:** S000075991

- **c. LEI:** 549300GCAGWIKTPSSD37

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                      | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Teucrium Agricultural Strategy No K-1  ETF | C000235398                                | TILL                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,955.00

**Aggregate Commission:** $2,955.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,469,294.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 13 - Teucrium 2x Daily Corn ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Teucrium 2x Daily Corn ETF

- **b. Series identification number, if any:** S000089250

- **c. LEI:** 5299007Z7RRUINEO6N73

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class      | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Teucrium 2x Daily Corn ETF | C000255765                                | CXRN                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** MAREX CAPITAL MARKETS INC.

- **ii. SEC file number:** 8-69039

- **iii. CRD number:** 000161014

- **iv. LEI, if any:** 5493006BWPDUCYG6EQ34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,594.30

**Aggregate Commission:** $5,594.30

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,204,591.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 14 - Teucrium 2x Daily Wheat ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Teucrium 2x Daily Wheat ETF

- **b. Series identification number, if any:** S000089252

- **c. LEI:** 529900HQH0GF7PWZDZ23

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class       | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Teucrium 2x Daily Wheat ETF | C000255767                                | WXET                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** MAREX CAPITAL MARKETS INC.

- **ii. SEC file number:** 8-69039

- **iii. CRD number:** 000161014

- **iv. LEI, if any:** 5493006BWPDUCYG6EQ34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,133.00

**Aggregate Commission:** $4,133.00

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,056,125.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 15 - Teucrium 2x Long Daily XRP ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Teucrium 2x Long Daily XRP ETF

- **b. Series identification number, if any:** S000091625

- **c. LEI:** 5299007LUW10O4RHJ787

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class          | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Teucrium 2x Long Daily XRP ETF | C000259303                                | XXRP                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CLEAR STREET LLC

- **ii. SEC file number:** 8-69972

- **iii. CRD number:** 000288933

- **iv. LEI, if any:** 549300KNQS43Y7TO3X67

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,108.40

**Brokers Record: 2**

- **i. Full name of broker:** MAREX CAPITAL MARKETS INC.

- **ii. SEC file number:** 8-69039

- **iii. CRD number:** 000161014

- **iv. LEI, if any:** 5493006BWPDUCYG6EQ34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $431,808.21

**Brokers Record: 3**

- **i. Full name of broker:** ADM SECURITIES, INC

- **ii. SEC file number:** 8-45590

- **iii. CRD number:** 000031973

- **iv. LEI, if any:** 213800VYBS961ABCTQ09

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $491,065.40

**Brokers Record: 4**

- **i. Full name of broker:** HIDDEN ROAD PARTNERS CIV US LLC

- **ii. SEC file number:** 8-71259

- **iii. CRD number:** 000331954

- **iv. LEI, if any:** 549300GRRAF98H6WCX60

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $411,263.27

**Brokers Record: 5**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $690,495.17

**Brokers Record: 6**

- **i. Full name of broker:** WEDBUSH SECURITIES INC.

- **ii. SEC file number:** 8-12987

- **iii. CRD number:** 000000877

- **iv. LEI, if any:** 549300CSX55MXZ47EI78

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,029,717.98

**Aggregate Commission:** $3,066,458.43

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MAREX CAPITAL MARKETS INC. | 8-69039           |    000161014 | 5493006BWPDUCYG6EQ34 | NY      | US        | $6,135,751,928.00         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,135,751,928.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $247,953,510.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 16 - AlphaDroid Broad Markets Momentum ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** AlphaDroid Broad Markets Momentum ETF

- **b. Series identification number, if any:** S000095815

- **c. LEI:** 52990098PTVB7V60UH56

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                 | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | AlphaDroid Broad Markets Momentum ETF | C000264597                                | EZMO                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $17.89

**Brokers Record: 2**

- **i. Full name of broker:** MISCHLER FINANCIAL GROUP INC.

- **ii. SEC file number:** 8-48067

- **iii. CRD number:** 000037818

- **iv. LEI, if any:** 2549004IPXPSM9EJFC92

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $36.34

**Aggregate Commission:** $54.23

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $5,088,554.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 17 - AlphaDroid Defensive Sector Rotation ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** AlphaDroid Defensive Sector Rotation ETF

- **b. Series identification number, if any:** S000095816

- **c. LEI:** 529900L15W4AZY1HHV58

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                    | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | AlphaDroid Defensive Sector Rotation ETF | C000264598                                | EZRO                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $668.11

**Brokers Record: 2**

- **i. Full name of broker:** MISCHLER FINANCIAL GROUP INC.

- **ii. SEC file number:** 8-48067

- **iii. CRD number:** 000037818

- **iv. LEI, if any:** 2549004IPXPSM9EJFC92

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $695.69

**Aggregate Commission:** $1,363.80

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $9,593,500.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 18 - GlacierShares Nasdaq Iceland ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** GlacierShares Nasdaq Iceland ETF

- **b. Series identification number, if any:** S000090959

- **c. LEI:** 5299002OP8DSOI8GA658

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class            | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | GlacierShares Nasdaq Iceland ETF | C000258348                                | GLCR                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CITIGROUP GLOBAL MARKETS INC.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.24

**Brokers Record: 2**

- **i. Full name of broker:** PERSHING LLC

- **ii. SEC file number:** 8-17574

- **iii. CRD number:** 000007560

- **iv. LEI, if any:** ZI8Q1A8EI8LQFJNM0D94

- **v. State, if applicable:** NJ

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31.70

**Brokers Record: 3**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $58.92

**Brokers Record: 4**

- **i. Full name of broker:** FOSSAR MARKADIR HF

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** N/A

- **vii. Gross commissions paid by the Fund for the reporting period:** $137.64

**Aggregate Commission:** $228.50

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $736,529.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 19 - Relative Strength Managed Volatility Strategy ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Relative Strength Managed Volatility Strategy ETF

- **b. Series identification number, if any:** S000089421

- **c. LEI:** 5299004AVM8TMKTZ7G60

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                             | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Relative Strength Managed Volatility Strategy ETF | C000255954                                | RSMV                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,109.89

**Brokers Record: 2**

- **i. Full name of broker:** OLD MISSION MARKETS LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $50,321.87

**Aggregate Commission:** $65,431.76

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $58,786,766.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 20 - Yields for You Income Strategy A ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Yields for You Income Strategy A ETF

- **b. Series identification number, if any:** S000089419

- **c. LEI:** 529900OEOJL4SB5X8F67

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Yields for You Income Strategy A ETF | C000255952                                | YFYA                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [x] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7.22

**Brokers Record: 2**

- **i. Full name of broker:** OLD MISSION MARKETS LLC

- **ii. SEC file number:** 8-69691

- **iii. CRD number:** 000281867

- **iv. LEI, if any:** 5493003UFGIEMN1POL71

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,720.49

**Aggregate Commission:** $1,727.71

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $25,803,349.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 21 - 21Shares FTSE Crypto 10 Index ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** 21Shares FTSE Crypto 10 Index ETF

- **b. Series identification number, if any:** S000095659

- **c. LEI:** 529900R6LH42DGN02Q85

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class             | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | 21Shares FTSE Crypto 10 Index ETF | C000264396                                | TTOP                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** 21Shares US LLC

- **ii. SEC file number:** 801-128769

- **iii. CRD number:** 000328136

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** FLOW TRADERS U.S. LLC

- **ii. SEC file number:** 8-68300

- **iii. CRD number:** 000150780

- **iv. LEI, if any:** 549300K64LZQW7R9ST34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $29.43

**Brokers Record: 2**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48.50

**Aggregate Commission:** $77.93

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MAREX CAPITAL MARKETS INC. | 8-69039           |    000161014 | 5493006BWPDUCYG6EQ34 | NY      | US        | $10,978,428.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $10,978,428.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $863,295.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 22 - 21Shares FTSE Crypto 10 ex-BTC Index ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** 21Shares FTSE Crypto 10 ex-BTC Index ETF

- **b. Series identification number, if any:** S000095658

- **c. LEI:** 529900ENRLOIIH5NPZ14

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                    | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | 21Shares FTSE Crypto 10 ex-BTC Index ETF | C000264395                                | TXBC                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** 21Shares US LLC

- **ii. SEC file number:** 801-128769

- **iii. CRD number:** 000328136

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** FLOW TRADERS U.S. LLC

- **ii. SEC file number:** 8-68300

- **iii. CRD number:** 000150780

- **iv. LEI, if any:** 549300K64LZQW7R9ST34

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $37.46

**Brokers Record: 2**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $140.50

**Aggregate Commission:** $177.96

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MAREX CAPITAL MARKETS INC. | 8-69039           |    000161014 | 5493006BWPDUCYG6EQ34 | NY      | US        | $6,986,272.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,986,272.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $860,458.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 23 - 21Shares 2x Long Dogecoin ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** 21Shares 2x Long Dogecoin ETF

- **b. Series identification number, if any:** S000096555

- **c. LEI:** 529900427I3HMCFVFT88

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class         | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | 21Shares 2x Long Dogecoin ETF | C000265435                                | TXXD                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** 21Shares US LLC

- **ii. SEC file number:** 801-128769

- **iii. CRD number:** 000328136

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,995.50

**Brokers Record: 2**

- **i. Full name of broker:** WEDBUSH SECURITIES INC.

- **ii. SEC file number:** 8-12987

- **iii. CRD number:** 000000877

- **iv. LEI, if any:** 549300CSX55MXZ47EI78

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $537.48

**Aggregate Commission:** $3,532.98

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MAREX CAPITAL MARKETS INC. | 8-69039           |    000161014 | 5493006BWPDUCYG6EQ34 | NY      | US        | $14,970,583.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $14,970,583.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,019,054.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 24 - 21Shares 2x Long Sui ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** 21Shares 2x Long Sui ETF

- **b. Series identification number, if any:** S000096556

- **c. LEI:** 529900M2ICN7F2RBTP58

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class    | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | 21Shares 2x Long Sui ETF | C000265436                                | TXXS                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** —

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Teucrium Investment Advisors, LLC

- **ii. SEC file number:** 801-123441

- **iii. CRD number:** 000318799

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** VT

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** 21Shares US LLC

- **ii. SEC file number:** 801-128769

- **iii. CRD number:** 000328136

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Thomson Reuters Pricing Service

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** ADM SECURITIES, INC

- **ii. SEC file number:** 8-45590

- **iii. CRD number:** 000031973

- **iv. LEI, if any:** 213800VYBS961ABCTQ09

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,751.49

**Brokers Record: 2**

- **i. Full name of broker:** STONEX FINANCIAL INC.

- **ii. SEC file number:** 8-51269

- **iii. CRD number:** 000045993

- **iv. LEI, if any:** 549300LNKU6K5TJCRG93

- **v. State, if applicable:** FL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $619.82

**Brokers Record: 3**

- **i. Full name of broker:** WEDBUSH SECURITIES INC.

- **ii. SEC file number:** 8-12987

- **iii. CRD number:** 000000877

- **iv. LEI, if any:** 549300CSX55MXZ47EI78

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $283.80

**Aggregate Commission:** $4,655.11

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| MAREX CAPITAL MARKETS INC. | 8-69039           |    000161014 | 5493006BWPDUCYG6EQ34 | NY      | US        | $14,970,583.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $14,970,583.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $832,257.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

### Horizon Kinetics Inflation Beneficiaries ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** INFL

**Item E.2 - Authorized Participants**

| Name                                               | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                            | $2,960,480.00    | $5,188,133.00  |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $8,425,903.00    | $60,232,880.00 |
| VIRTU AMERICAS LLC                                 | $15,308,663.00   | $17,850,360.00 |
| J.P. MORGAN SECURITIES LLC                         | $131,101,188.00  | $44,261,045.00 |
| UBS SECURITIES LLC                                 | $80,706,748.00   | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 17.94%

- **c.i. Average percentage of value composed of cash (redeemed):** 18.38%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Horizon Kinetics Blockchain Development ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** BCDF

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| VIRTU AMERICAS LLC         | $2,218,135.00    | $0.00          |
| J.P. MORGAN SECURITIES LLC | $3,044,543.00    | $773,685.00    |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 40.38%

- **c.i. Average percentage of value composed of cash (redeemed):** 60.64%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Horizon Kinetics Medical ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** MEDX

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| VIRTU AMERICAS LLC                        | $1,995,935.00    | $2,107,483.00  |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $0.00            | $657,113.00    |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 6.54%

- **c.i. Average percentage of value composed of cash (redeemed):** 6.96%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Horizon Kinetics SPAC Active ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** SPAQ

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| VIRTU AMERICAS LLC                        | $1,002,621.00    | $7,203,103.00  |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $0.00            | $1,073,262.00  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 27.71%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Horizon Kinetics Energy and Remediation ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** NVIR

**Item E.2 - Authorized Participants**

| Name   | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| N/A    | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Horizon Kinetics Japan Owner Operator ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** JAPN

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| VIRTU AMERICAS LLC         | $5,470,133.00    | $636,488.00    |
| J.P. MORGAN SECURITIES LLC | $21,991,540.00   | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 7.76%

- **c.i. Average percentage of value composed of cash (redeemed):** 8.67%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Roundhill Ball Metaverse ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** METV

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value    |
|:---|:---|:---|
| VIRTU AMERICAS LLC         | $0.00            | $1,024,840.00   |
| J.P. MORGAN SECURITIES LLC | $0.00            | $115,252,332.50 |
| UBS SECURITIES LLC         | $0.00            | $4,051,382.50   |
| Jane Street Capital        | $0.00            | $13,485,082.50  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 18.84%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $500.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Roundhill Cannabis ETF

**Item E.1 - Exchange**

- **Exchange:** CBSX

- **Ticker:** WEED

**Item E.2 - Authorized Participants**

| Name                              | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| VIRTU AMERICAS LLC                | $3,040,741.00    | $2,079,379.00  |
| MIRAE ASSET SECURITIES (USA) INC. | $1,919,353.00    | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 1.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Roundhill Magnificent Seven ETF

**Item E.1 - Exchange**

- **Exchange:** CBSX

- **Ticker:** MAGS

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value    | Redeem Value      |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                   | $712,972,892.00   | $369,947,548.00   |
| VIRTU AMERICAS LLC                        | $1,933,555,967.00 | $126,855,708.00   |
| J.P. MORGAN SECURITIES LLC                | $0.00             | $65,186,000.00    |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $960,838,365.00   | $1,380,635,236.00 |
| ABN AMRO CLEARING CHICAGO LLC             | $621,801,486.00   | $735,621,735.00   |
| MIRAE ASSET SECURITIES (USA) INC.         | $4,403,984.00     | $0.00             |
| Jane Street Capital                       | $319,251,926.00   | $241,302,812.00   |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 1.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.27%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Roundhill Sports Betting & iGaming ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** BETZ

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| VIRTU AMERICAS LLC         | $559,310.00      | $0.00          |
| J.P. MORGAN SECURITIES LLC | $2,096,860.00    | $18,033,625.00 |
| Jane Street Capital        | $0.00            | $2,909,320.00  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 3.05%

- **c.i. Average percentage of value composed of cash (redeemed):** 1.50%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $500.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Roundhill Video Games ETF

**Item E.1 - Exchange**

- **Exchange:** CBSX

- **Ticker:** NERD

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC    | $5,653,580.00    | $6,414,150.00  |
| J.P. MORGAN SECURITIES LLC | $664,545.00      | $1,043,790.00  |
| Jane Street Capital        | $0.00            | $3,855,797.50  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 18.11%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $500.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Teucrium Agricultural Strategy No K-1 ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** TILL

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC                | $0.00            | $709,598.00    |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $1,824,503.00    | $1,735,160.00  |
| Jane Street Capital                       | $1,147,624.00    | $1,588,080.00  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 12,500.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Teucrium 2x Daily Corn ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** CXRN

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | $0.00            | $1,047,348.00  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Teucrium 2x Daily Wheat ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** WXET

**Item E.2 - Authorized Participants**

| Name                       | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | $0.00            | $878,816.00    |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Teucrium 2x Long Daily XRP ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** XXRP

**Item E.2 - Authorized Participants**

| Name                         | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC      | $88,659,421.00   | $9,981,395.00  |
| MACQUARIE CAPITAL (USA) INC. | $40,162,301.00   | $0.00          |
| VIRTU AMERICAS LLC           | $103,871,387.00  | $3,346,210.00  |
| Jane Street Capital          | $411,395,489.00  | $26,361,120.00 |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### AlphaDroid Broad Markets Momentum ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** EZMO

**Item E.2 - Authorized Participants**

| Name                    | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC | $6,943,047.00    | $790,476.00    |
| VIRTU AMERICAS LLC      | $510,125.00      | $0.00          |
| Jane Street Capital     | $254,614.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.52%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.30%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### AlphaDroid Defensive Sector Rotation ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** EZRO

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                   | $2,775,669.00    | $0.00          |
| VIRTU AMERICAS LLC                        | $10,985,976.00   | $950,664.00    |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $1,454,298.00    | $1,456,470.00  |
| Jane Street Capital                       | $497,182.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.53%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.57%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### GlacierShares Nasdaq Iceland ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** GLCR

**Item E.2 - Authorized Participants**

| Name                                               | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $696,422.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 3.39%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $1,000.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Relative Strength Managed Volatility Strategy ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** RSMV

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value    |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                   | $229,494,958.00  | $128,902,547.00 |
| VIRTU AMERICAS LLC                        | $1,462,854.00    | $6,961,278.00   |
| J.P. MORGAN SECURITIES LLC                | $1,242,890.00    | $9,942,684.00   |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $13,893,901.00   | $58,629,476.00  |
| Jane Street Capital                       | $500,708.00      | $6,904,129.00   |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.78%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.89%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Yields for You Income Strategy A ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** YFYA

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                   | $1,337,252.00    | $2,841,870.00  |
| VIRTU AMERICAS LLC                        | $37,514,052.00   | $9,513,519.00  |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $7,578,074.00    | $7,325,421.00  |
| Jane Street Capital                       | $445,041.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 15,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.73%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.91%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### 21Shares FTSE Crypto 10 Index ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** TTOP

**Item E.2 - Authorized Participants**

| Name                                               | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1,000,000.00    | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### 21Shares FTSE Crypto 10 ex-BTC Index ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** TXBC

**Item E.2 - Authorized Participants**

| Name                                               | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1,000,000.00    | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### 21Shares 2x Long Dogecoin ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** TXXD

**Item E.2 - Authorized Participants**

| Name                                               | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1,000,000.00    | $0.00          |
| Jane Street Capital                                | $891,802.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### 21Shares 2x Long Sui ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** TXXS

**Item E.2 - Authorized Participants**

| Name                                               | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $775,623.00      | $0.00          |
| Jane Street Capital                                | $892,686.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Listed Funds Trust

**Date:** 2026-03-11

**Signature:** /s/ Kacie Briody

**Title:** President