0001145549-21-040902.txt : 20210709 0001145549-21-040902.hdr.sgml : 20210709 20210709152028 ACCESSION NUMBER: 0001145549-21-040902 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210430 FILED AS OF DATE: 20210709 DATE AS OF CHANGE: 20210709 EFFECTIVENESS DATE: 20210709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Listed Funds Trust CENTRAL INDEX KEY: 0001683471 IRS NUMBER: 826272597 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23226 FILM NUMBER: 211082711 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 0001683471 S000066967 Core Alternative ETF C000215555 Core Alternative ETF CCOR N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001683471 XXXXXXXX false false false N-1A S000066967 true Listed Funds Trust 811-23226 0001683471 549300C5D73JL0P1YC11 C/O U.S. BANCORP FUND SERVICES LLC 615 East Michigan Street Milwaukee 53202 US-WI US 8336121912 U.S. Bank N/A 1555 North River Center Drive Suite 302 Milwaukee 53202 8336121912 Books and records related to the custody of Fund assets Core Alternative Capital LLC 3930 East Jones Bridge Rd Suite 380 Peachtree Corners 30092 8006170004 Books and records related to work done by advisor for CCOR Wahed Invest LLC 12 East 49th Street New York 10017 8559764747 Books and records related to work done by advisor for HLAL U.S. Bancorp Fund Services LLC 615 East Michigan Street Milwaukee 53202 8336121912 Books and records related to transfer agency fund accounting and fund administration services provided Foreside Fund Services LLC 3 Canal Plaza Suite 100 Portland 04101 2075537116 Books and records related to distribution data of the fund Quasar Distributors LLC 111 East Kilbourn Avenue Suite 2200 Milwaukee 53202 4147103012 Books and records related to distribution data of the fund Cabot ETF Partners LLC 28411 Northwestern Highway Suite 760 Southfield 48034 2483586500 Books and records related to work done by advisor for CBTG Roundhill Financial LLC 154 W. 14th Street 2nd Floor New York 10011 8772207649 Books and records related to work done by advisor for Roundhill ETFs Exchange Traded Concepts LLC 10900 Hefner Pointe Drive Suite 207 Oklahoma City 73120 4057788377 Books and records related to work done by sub-advisor for Roundhill ETFs Liquid Strategies LLC 3550 Lenox Rd Suite 2550 Atlanta 30326 8667046857 Books and records related to work done by advisor for Overlay Shares ETFs TrueMark Investments LLC 9450 W Bryn Mawr Rosemont 60018 8777748783 Books and records related to work done by Advisor for TrueShares ETFs Purview Investments LLC 208 East 51st St New York 10022 6174807812 Books and records related to work done by sub-advisor for ECOZ Black Hill Capital Partners LLC 101 California St San Francisco 94111 4158057885 Books and records related to work done by sub-advisor for LRNZ SpiderRock Advisors LLC 300 S Riverside Plaza Suite 2340 Chicago 60606 3122569669 Books and records related to work done by sub-advisor for TrueShares Structured Outcome Series Alternative Access Funds LLC One World Trade Center Suite 8500 New York 10007 9175355737 Books and records related to work done by Advisor for AAA Changebridge Capital LLC 180 Canal Street Suite 600 Boston 02114 6177172910 Books and records related to work done by Advisor for Changebridge ETFs Swan Capital Management LLC 1099 Main Avenue Suite 206 Durango 81301 9703828901 Books and records related to work done by Advisor for HEGD Swan Global Management LLC 20 Ridge Top Humacao PR 00791 9703828901 Books and records related to work done by Sub-Advisor for HEGD Horizon Kinetics Asset Management LLC 470 Park Avenue South 3rd Floor South New York 10016 6464957333 Books and records related to work done by Advisor for INFL Morgan Creek Capital Management, LLC 301 W. Barbee Chapel Road Suite 200 Chapel Hill 27517 9199334004 Books and records related to work done by Advisor for SPXZ Exos Asset Management LLC 1023 Esplanade Pelham 10803 2124988942 Books and records related to work done by Sub-Advisor for SPXZ Titleist Asset Management, Ltd. 777 East Sonterra Boulevard Suite 330 San Antonio 78258 2108262424 Books and records related to work done by Sub-Advisor for DIVZ N N N N-1A 34 Y Koji Felton N/A N John L. Jacobs N/A N Pam Conroy N/A N Steven Jensen N/A C/O U.S. BANCORP FUND SERVICES LLC 622 North Cass Street Milwaukee 53202 XXXXXX N N N N N N Foreside Funds Distributors LLC 8-32480 000031334 N/A N Quasar Distributors LLC 8-52323 000103848 N/A N N Cohen & Company Ltd. 00925 N/A N N N N N N Core Alternative ETF S000066967 549300HV7MXUYV9GHP07 N 1 0 0 Exchange-Traded Fund N N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) N N N N Core Alternative Capital LLC 801-115285 000302011 N/A N U.S. Bancorp Fund Services LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N Thomson Reuters Pricing Service N/A CA N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services LLC N1GZ7BBF3NP8GI976H15 N N N Interactive Brokers LLC 008-47257 000036418 50OBSE5T5521O6SMZR28 215622.000000000000 Mischler Financial Group Inc 008-48067 000037818 2549004IPXPSM9EJFC92 3501.000000000000 Wallachbeth Capital LLC 008-67936 000147853 549300R371KUKXEXC133 3794.000000000000 222917.000000000000 0.000000000000 N 139408175.000000000000 N N N Core Alternative ETF S000066967 Y 50000.000000000000 1.660000000000 1.280000000000 98.340000000000 1.280000000000 2.340000000000 1.780000000000 97.660000000000 1.780000000000 N/A 500.000000000000 N/A N/A 500.000000000000 N/A N/A 500.000000000000 N/A N/A 500.000000000000 N/A Y true INTERNAL CONTROL RPT 2 ccor.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Core Alternative ETF and
Board of Trustees of Listed Funds Trust

In planning and performing our audit of the financial statements of Core Alternative ETF (the “Fund”), a series of Listed Funds Trust, as of and for the year ended April 30, 2021, 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 April 30, 2021.

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.
Cleveland, Ohio
June 29, 2021