SWAN DEFINED RISK FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Shares					Fair Value
	EXCHANGE-TRADED FUNDS — 84.3%
	EQUITY - 84.3%
1,029,751	Communication Services Select Sector SPDR Fund(a)				$ 49,314,775
488,791	Consumer Discretionary Select Sector SPDR Fund(a)				69,628,278
604,904	Consumer Staples Select Sector SPDR Fund(a)				40,365,244
379,782	Energy Select Sector SPDR Fund(a)				27,351,900
2,191,869	Financial Select Sector SPDR Fund(a)				66,545,143
751,207	Health Care Select Sector SPDR Fund(a)				90,978,680
573,195	Industrial Select Sector SPDR Fund(a)				47,483,474
432,000	iShares Core S&P 500 ETF				154,936,800
224,769	Materials Select Sector SPDR Fund(a)				15,286,540
436,711	Real Estate Select Sector SPDR Fund(a)				15,725,963
1,335,463	Technology Select Sector SPDR Fund(a)				158,626,294
275,716	Utilities Select Sector SPDR Fund(a)				18,062,155
					754,305,246
	TOTAL EXCHANGE-TRADED FUNDS (Cost $402,665,508)				754,305,246
	SHORT-TERM INVESTMENTS — 0.0%(b)
	MONEY MARKET FUNDS - 0.0% (b)
424,471	First American Government Obligations Fund Class X, 2.77% (Cost $424,471)(d)				424,471
Contracts(d)
	INDEX OPTIONS PURCHASED - 19.3%	Expiration Date	Exercise Price	Notional Value
	CALL OPTIONS PURCHASED - 0.2%
535	S&P 500 Index	10/21/2022	$ 4,070	$ 191,830,670	$                 75,907
1,059	S&P 500 Index	11/18/2022	4,000	379,717,158	1,648,646
	TOTAL CALL OPTIONS PURCHASED (Cost - $7,716,894)				1,724,553
	PUT OPTIONS PURCHASED - 19.1%
535	S&P 500 Index	10/21/2022	3,670	191,830,670	7,649,767
1,062	S&P 500 Index	12/16/2022	3,025	380,792,844	4,400,718
584	S&P 500 Index	12/15/2023	3,650	209,400,208	21,276,387
1,048	S&P 500 Index	12/15/2023	4,525	375,772,976	90,622,100
478	S&P 500 Index	12/15/2023	4,700	171,392,636	47,886,921
	TOTAL PUT OPTIONS PURCHASED (Cost - $102,942,348)				171,835,893
SWAN DEFINED RISK FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2022
					Fair Value
	TOTAL INDEX OPTIONS PURCHASED (Cost - $110,659,242)				$ 173,560,446
	TOTAL INVESTMENTS - 103.6% (Cost $513,749,221)				$ 928,290,163
	CALL OPTIONS WRITTEN - (0.2)% (Proceeds - $10,189,606)				(2,242,227)
	PUT OPTIONS WRITTEN - (3.6)% (Proceeds - $19,750,898)				(32,699,275)
	OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%				1,809,383
	NET ASSETS - 100.0%				$ 895,158,044
Contracts(d)
	WRITTEN INDEX OPTIONS - (3.8)%	Expiration Date	Exercise Price	Notional Value
	CALL OPTIONS WRITTEN- (0.2)%
535	S&P 500 Index	10/21/2022	$ 3,870	$ 191,830,670	$ 599,539
1,055	S&P 500 Index	11/18/2022	4,040	378,282,910	1,237,175
1,059	S&P 500 Index	11/18/2022	4,200	379,717,158	405,513
	TOTAL CALL OPTIONS WRITTEN (Proceeds - $10,189,606)				2,242,227
	PUT OPTIONS WRITTEN - (3.6)%
535	S&P 500 Index	10/21/2022	3,870	191,830,670	15,551,890
1,055	S&P 500 Index	11/18/2022	3,260	378,282,910	5,431,519
1,062	S&P 500 Index	12/16/2022	3,400	380,792,844	11,715,866
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $19,750,898)				32,699,275
	TOTAL INDEX OPTIONS WRITTEN (Proceeds - $29,940,504)				$ 34,941,502

ETF	- Exchange-Traded Fund
SPDR	- Standard & Poor's Depositary Receipt

(a)	All or a portion of the security is held as collateral for written options. As of September 30, 2022 the total value of securities held as collateral is $277,069,077.
(b)	Percentage rounds to less than 0.1%.
(c)	Rate disclosed is the seven day effective yield as of September 30, 2022.
(d)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

SWAN DEFINED RISK EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Shares					Fair Value
	EXCHANGE-TRADED FUNDS — 87.4%
	EQUITY - 87.4%
539,800	iShares Core MSCI Emerging Markets ETF(a)				$ 23,200,605
48,500	iShares MSCI Emerging Markets ETF(a)				1,691,680
					24,892,285
	TOTAL EXCHANGE-TRADED FUNDS (Cost $28,015,502)				24,892,285
	SHORT-TERM INVESTMENTS — 1.2%
	MONEY MARKET FUNDS - 1.2%
355,643	First American Government Obligations Fund Class X, 2.77% (Cost $355,643)(b)				355,643
Contracts(c)
	EQUITY OPTIONS PURCHASED - 14.4%	Expiration Date	Exercise Price	Notional Value
	PUT OPTIONS PURCHASED - 14.4%
3,317	iShares MSCI Emerging Markets ETF	12/16/2022	$ 36	$ 11,569,696	$ 813,691
2,461	iShares MSCI Emerging Markets ETF	12/15/2023	40	8,583,968	1,610,489
107	iShares MSCI Emerging Markets ETF	12/15/2023	42	373,216	86,195
1,210	iShares MSCI Emerging Markets ETF	12/15/2023	48	4,220,480	1,623,358
	TOTAL PUT OPTIONS PURCHASED (Cost - $2,610,138)				4,133,733
	TOTAL EQUITY OPTIONS PURCHASED (Cost - $2,610,138)				4,133,733
	INDEX OPTIONS PURCHASED - 0.5%	Expiration Date	Exercise Price	Notional Value
	PUT OPTIONS PURCHASED - 0.5%
35	S&P 500 Index	12/16/2022	$ 3,025	$ 12,549,670	$                145,033
	TOTAL PUT OPTIONS PURCHASED (Cost - $105,737)
	TOTAL INDEX OPTIONS PURCHASED (Cost - $105,737)				145,033
	TOTAL INVESTMENTS - 103.5% (Cost $31,087,020)				$ 29,526,694
	CALL OPTIONS WRITTEN - (0.2)% (Proceeds - $94,806)				(49,678)
	PUT OPTIONS WRITTEN - (3.6)% (Proceeds - $686,455)				(1,049,188)
	OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3%				99,684
	NET ASSETS - 100.0%				$ 28,527,512
SWAN DEFINED RISK EMERGING MARKETS FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2022
Contracts(c)
	WRITTEN EQUITY OPTIONS - (2.5)%	Expiration Date	Exercise Price	Notional Value	Fair Value
	CALL OPTIONS WRITTEN- (0.2)%
1,615	iShares MSCI Emerging Markets ETF	12/16/2022	$ 40	$ 5,633,120	$ 34,405
1,585	iShares MSCI Emerging Markets ETF	12/16/2022	42	5,528,480	15,273
	TOTAL CALL OPTIONS WRITTEN (Proceeds - $94,806)				49,678
	PUT OPTIONS WRITTEN - (2.3)%
1,583	iShares MSCI Emerging Markets ETF	11/18/2022	34	5,521,504	148,599
3,317	iShares MSCI Emerging Markets ETF	12/16/2022	30	11,569,696	181,422
1,615	iShares MSCI Emerging Markets ETF	12/16/2022	32	5,633,120	147,157
1,585	iShares MSCI Emerging Markets ETF	12/16/2022	33	5,528,480	185,894
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $397,391)				663,072
	TOTAL EQUITY OPTIONS WRITTEN (Proceeds - $492,197)				$ 712,750
	WRITTEN INDEX OPTIONS - (1.3)%	Expiration Date	Exercise Price	Notional Value
	PUT OPTIONS WRITTEN - (1.3)%
35	S&P 500 Index	12/16/2022	$ 3,400	$ 12,549,670	$                 386,116
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $289,064)
	TOTAL INDEX OPTIONS WRITTEN (Proceeds - $289,064)				$ 386,116

ETF	- Exchange-Traded Fund
MSCI	- Morgan Stanley Capital International

(a)	All or a portion of the security is held as collateral for written options. As of September 30, 2022 the total value of securities held as collateral is $18,875,084.
(b)	Rate disclosed is the seven day effective yield as of September 30, 2022.
(c)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

SWAN DEFINED RISK FOREIGN FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Shares					Fair Value
	EXCHANGE-TRADED FUNDS — 89.5%
	EQUITY - 89.5%
498,300	iShares MSCI EAFE ETF(a)				$ 27,909,782
	TOTAL EXCHANGE-TRADED FUNDS (Cost $28,477,141)				27,909,782
	SHORT-TERM INVESTMENTS — 0.3%
	MONEY MARKET FUNDS - 0.3%
96,358	First American Government Obligations Fund Class X, 2.77% (Cost $96,358)(b)				96,358
Contracts(c)
	EQUITY OPTIONS PURCHASED - 12.1%	Expiration Date	Exercise Price	Notional Value
	PUT OPTIONS PURCHASED - 12.1%
2,492	iShares MSCI EAFE ETF	12/16/2022	$ 59	$ 13,957,692	$ 1,115,676
1,749	iShares MSCI EAFE ETF	12/15/2023	60	9,796,149	1,293,629
80	iShares MSCI EAFE ETF	12/15/2023	65	448,080	84,979
662	iShares MSCI EAFE ETF	12/15/2023	75	3,707,862	1,278,226
	TOTAL PUT OPTIONS PURCHASED (Cost - $2,046,340)				3,772,510
	TOTAL EQUITY OPTIONS PURCHASED (Cost - $2,046,340)				3,772,510
	INDEX OPTIONS PURCHASED - 0.5%	Expiration Date	Exercise Price	Notional Value
	PUT OPTIONS PURCHASED - 0.5%
38	S&P 500 Index	12/16/2022	$ 3,025	$13,625,356	$ 157,465
	TOTAL PUT OPTIONS PURCHASED (Cost - $114,799)
	TOTAL INDEX OPTIONS PURCHASED (Cost - $114,799)				157,465
	TOTAL INVESTMENTS - 102.4% (Cost $30,734,638)				$ 31,936,115
	CALL OPTIONS WRITTEN - (0.2)% (Proceeds - $113,691)				(40,184)
	PUT OPTIONS WRITTEN - (3.6)% (Proceeds - $833,332)				(1,158,365)
	OTHER ASSETS IN EXCESS OF LIABILITIES - 1.4%				423,750
	NET ASSETS - 100.0%				$ 31,161,316
SWAN DEFINED RISK FOREIGN FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2022
Contracts(c)
	WRITTEN EQUITY OPTIONS - (2.5)%	Expiration Date	Exercise Price	Notional Value	Fair Value
	CALL OPTIONS WRITTEN- (0.2)%
1,140	iShares MSCI EAFE ETF	12/16/2022	$ 65	$ 6,385,140	$ 23,351
1,140	iShares MSCI EAFE ETF	12/16/2022	66	6,385,140	16,833
	TOTAL CALL OPTIONS WRITTEN (Proceeds - $113,691)				40,184
	PUT OPTIONS WRITTEN - (2.3)%
1,140	iShares MSCI EAFE ETF	11/18/2022	54	6,385,140	161,508
3,632	iShares MSCI EAFE ETF	12/16/2022	50	20,342,832	379,182
1,140	iShares MSCI EAFE ETF	12/16/2022	53	6,385,140	198,463
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $519,491)				739,153
	TOTAL EQUITY OPTIONS WRITTEN (Proceeds - $633,182)				779,337
Contracts(c)
	WRITTEN INDEX OPTIONS - (1.3)%	Expiration Date	Exercise Price	Notional Value
	PUT OPTIONS WRITTEN - (1.3)%
38	S&P 500 Index	12/16/2022	$ 3,400	$ 13,625,356	419,212
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $313,841)
	TOTAL INDEX OPTIONS WRITTEN (Proceeds - $313,841)				$ 419,212

EAFE	- Europe, Australasia and Far East
ETF	- Exchange-Traded Fund
MSCI	- Morgan Stanley Capital International

(a)	All or a portion of the security is held as collateral for written options. As of September 30, 2022 the total value of securities held as collateral is $18,444,093.
(b)	Rate disclosed is the seven day effective yield as of September 30, 2022.
(c)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

SWAN DEFINED RISK GROWTH FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Shares					Fair Value
	EXCHANGE-TRADED FUNDS — 83.8%
	EQUITY - 83.8%
229,000	iShares Core S&P 500 ETF(a)				$ 82,130,850
	TOTAL EXCHANGE-TRADED FUNDS (Cost $75,346,816)				82,130,850
	SHORT-TERM INVESTMENTS — 0.8%
	MONEY MARKET FUNDS - 0.8%
821,512	First American Government Obligations Fund Class X, 2.77% (Cost $821,512)(b)				821,512
Contracts(c)
	INDEX OPTIONS PURCHASED - 18.5%	Expiration Date	Exercise Price	Notional Value
	CALL OPTIONS PURCHASED - 2.3%
58	S&P 500 Index	10/21/2022	$ 4,070.00	$ 20,796,596	$ 8,229
115	S&P 500 Index	11/18/2022	4,000.00	41,234,630	179,032
60	S&P 500 Index	12/15/2023	4,050.00	21,513,720	1,384,140
56	S&P 500 Index	12/15/2023	4,750.00	20,079,472	299,552
99	S&P 500 Index	12/15/2023	4,900.00	35,497,638	376,209
14	S&P 500 Index	12/15/2023	5,000.00	5,019,868	42,401
	TOTAL CALL OPTIONS PURCHASED (Cost - $7,563,052)				2,289,563
	PUT OPTIONS PURCHASED - 16.2%
1,000	Chicago Board Options Exchange Volatility Index	11/16/2022	27.00	3,162,000	200,681
58	S&P 500 Index	10/21/2022	3,670.00	20,796,596	829,321
116	S&P 500 Index	12/16/2022	3,025.00	41,593,192	480,681
60	S&P 500 Index	12/15/2023	3,450.00	21,513,720	1,743,863
54	S&P 500 Index	12/15/2023	4,300.00	19,362,348	3,812,664
115	S&P 500 Index	12/15/2023	4,400.00	41,234,630	8,900,711
	TOTAL PUT OPTIONS PURCHASED (Cost - $9,945,013)				15,967,921
	TOTAL INDEX OPTIONS PURCHASED (Cost - $17,508,065)				18,257,484
	TOTAL INVESTMENTS - 103.1% (Cost $93,676,393)				$ 101,209,846
	CALL OPTIONS WRITTEN - (1.2)% (Proceeds - $3,889,693)				(1,233,365)
	PUT OPTIONS WRITTEN - (3.6)% (Proceeds - $2,150,567)				(3,557,759)
	OTHER ASSETS IN EXCESS OF LIABILITIES - 1.7%				1,716,584
	NET ASSETS - 100.0%				$ 98,135,306
SWAN DEFINED RISK GROWTH FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2022
Contracts(c)
	WRITTEN INDEX OPTIONS - (4.8)%	Expiration Date	Exercise Price	Notional Value	Fair Value
	CALL OPTIONS WRITTEN- (1.2)%
1,000	Chicago Board Options Exchange Volatility Index	11/16/2022	$ 32.50	$ 3,162,000	$ 342,910
58	S&P 500 Index	10/21/2022	3,870.00	20,796,596	64,997
115	S&P 500 Index	11/18/2022	4,040.00	41,234,630	134,858
115	S&P 500 Index	11/18/2022	4,200.00	41,234,630	44,036
60	S&P 500 Index	12/15/2023	4,600.00	21,513,720	451,886
56	S&P 500 Index	12/15/2023	5,350.00	20,079,472	79,352
99	S&P 500 Index	12/15/2023	5,500.00	35,497,638	103,327
14	S&P 500 Index	12/15/2023	5,600.00	5,019,868	11,999
	TOTAL CALL OPTIONS WRITTEN (Proceeds - $3,889,693)				1,233,365
	PUT OPTIONS WRITTEN - (3.6)%
58	S&P 500 Index	10/21/2022	3,870.00	20,796,596	1,685,999
115	S&P 500 Index	11/18/2022	3,260.00	41,234,630	592,061
116	S&P 500 Index	12/16/2022	3,400.00	41,593,192	1,279,699
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $2,150,567)				3,557,759
	TOTAL INDEX OPTIONS WRITTEN (Proceeds - $6,040,260)				$ 4,791,124

ETF  - Exchange-Traded Fund

(a)	All or a portion of the security is held as collateral for written options. As of September 30, 2022 the total value of securities held as collateral is $33,354,450.
(b)	Rate disclosed is the seven day effective yield as of September 30, 2022.
(c)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

SWAN DEFINED RISK U.S. SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Shares					Fair Value
	EXCHANGE-TRADED FUNDS — 83.4%
	EQUITY - 83.4%
204,000	iShares Russell 2000 ETF(a)				$ 33,643,680
	TOTAL EXCHANGE-TRADED FUNDS (Cost $30,510,289)				33,643,680
	SHORT-TERM INVESTMENTS — 1.0%
	MONEY MARKET FUNDS - 1.0%
416,463	First American Government Obligations Fund, Class X, 2.77% (Cost $416,463)(b)				416,463
Contracts(c)
	INDEX OPTIONS PURCHASED - 16.5%	Expiration Date	Exercise Price	Notional Value
	CALL OPTIONS PURCHASED - 0.0%(d)
23	S&P 500 Index	10/21/2022	$ 4,070	$ 8,246,926	$ 3,263
	TOTAL CALL OPTIONS PURCHASED (Cost - $74,728)
	PUT OPTIONS PURCHASED - 16.5%
98	Russell 2000 Index	12/15/2023	1,750	16,314,256	2,106,558
36	Russell 2000 Index	12/15/2023	1,900	5,992,992	1,058,190
38	Russell 2000 Index	12/15/2023	2,000	6,325,936	1,351,155
32	Russell 2000 Index	12/15/2023	2,200	5,327,104	1,597,999
23	S&P 500 Index	10/21/2022	3,670	8,246,926	328,869
46	S&P 500 Index	12/16/2022	3,025	16,493,852	190,615
	TOTAL PUT OPTIONS PURCHASED (Cost - $4,704,342)				6,633,386
	TOTAL INDEX OPTIONS PURCHASED (Cost - $4,779,070)				6,636,649
	TOTAL INVESTMENTS - 100.9% (Cost $35,705,822)				$ 40,696,792
	CALL OPTIONS WRITTEN - (0.4)% (Proceeds - $397,331)				(140,376)
	PUT OPTIONS WRITTEN - (3.5)% (Proceeds - $866,077)				(1,391,629)
	OTHER ASSETS IN EXCESS OF LIABILITIES - 3.0%				1,221,629
	NET ASSETS - 100.0%				$ 40,386,416
Contracts(c)
	WRITTEN INDEX OPTIONS - (3.9)%	Expiration Date	Exercise Price	Notional Value
	CALL OPTIONS WRITTEN- (0.4)%
51	Russell 2000 Index	11/18/2022	$ 1,880	$ 8,490,072	$ 63,686
51	Russell 2000 Index	11/18/2022	1,900	8,490,072	50,915
SWAN DEFINED RISK U.S. SMALL CAP FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
September 30, 2022
Contracts(c)
	WRITTEN INDEX OPTIONS - (3.9)%	Expiration Date	Exercise Price	Notional Value	Fair Value
	CALL OPTIONS WRITTEN- (0.4)% (Continued)
23	S&P 500 Index	10/21/2022	$ 3,870	$ 8,246,926	$ 25,775
	TOTAL CALL OPTIONS WRITTEN (Proceeds - $397,331)				140,376
	PUT OPTIONS WRITTEN - (3.5)%
102	Russell 2000 Index	11/18/2022	1,450	16,980,144	215,576
23	S&P 500 Index	10/21/2022	3,870	8,246,926	668,586
46	S&P 500 Index	12/16/2022	3,400	16,493,852	507,467
	TOTAL PUT OPTIONS WRITTEN (Proceeds - $866,077)				1,391,629
	TOTAL INDEX OPTIONS WRITTEN (Proceeds - $1,263,408)				$ 1,532,005

ETF  - Exchange-Traded Fund

(a)	All or a portion of the security is held as collateral for written options. As of September 30, 2022 the total value of securities held as collateral is $23,088,800.
(b)	Rate disclosed is the seven day effective yield as of September 30, 2022.
(c)	Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.
(d)	Percentage rounds to less than 0.1%.