Listed Funds Trust Teucrium Agricultural Strategy No K-1 ETF

The fund’s portfolio holdings will consist of four commodities futures holdings, one in each of the following commodities: corn, wheat, soybeans, and sugar (each a “Component Futures Contract”). It will invest indirectly, via the Subsidiary, in commodity futures, which are standardized futures contracts on commodities traded on the CBOT or ICE. The Advisor expects to gain exposure to commodities futures by investing in a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the “Subsidiary”). The fund is non-diversified.