NPORT-EX 2 oaib.htm
Teucrium AiLA Long-Short Base Metals Strategy ETF
  
Consolidated Schedule of Investments
  
July 31, 2023 (Unaudited)
  
   
Shares
    
Value
  
SHORT-TERM INVESTMENTS - 92.0%
            
Deposit Accounts - 92.0%
            
U.S. Bank Deposit Account, 5.27% (a)
    
6,472,916
    
$
6,472,916
  
TOTAL SHORT-TERM INVESTMENTS (Cost $6,472,916)
            
6,472,916
  
                 
Total Investments (Cost $6,472,916) - 92.0%
            
6,472,916
  
Other assets and liabilities, net - 8.0%
            
566,093
  
TOTAL NET ASSETS - 100.0%
          
$
7,039,009
  
                 
Percentages are stated as a percent of net assets.
                
(a) The rate shown is the seven day yield as of July 31, 2023.
                
Teucrium AiLA Long-Short Base Metals Strategy ETF
Consolidated Schedule of Open Futures Contracts
July 31, 2023 (Unaudited)

Description
  
Number of
Contracts
Purchased
  
Settlement
Month
  
Notional Value
    
Value and
Unrealized
Appreciation
(Depreciation)
  
Long Contracts
                    
Copper Futures (a)
    
1
  
March 2024
  
$
100,938
    
$
-
  
Copper Futures (a)
    
1
  
May 2024
    
101,075
      
-
  
LME Copper Futures (a)(b)
    
64
  
December 2023
    
14,148,000
      
380,057
  
LME Copper Futures (a)(b)
    
24
  
June 2024
    
5,317,500
      
276,458
  
LME Lead Futures (a)(b)
    
74
  
December 2023
    
3,976,113
      
92,385
  
LME Lead Futures (a)(b)
    
35
  
June 2024
    
1,884,969
      
44,702
  
LME Nickel Futures (a)(b)
    
5
  
August 2023
    
663,810
      
43,019
  
LME Nickel Futures (a)(b)
    
6
  
September 2023
    
799,272
      
26,081
  
LME Primary Aluminum Futures (a)(b)
    
121
  
December 2023
    
6,976,437
      
37,793
  
LME Primary Aluminum Futures (a)(b)
    
58
  
June 2024
    
3,448,840
      
92,409
  
LME Tin Futures (a)(b)
    
2
  
September 2023
    
287,020
      
(2,922
)
LME Zinc Futures (a)(b)
    
16
  
December 2023
    
1,027,724
      
29,583
  
LME Zinc Futures (a)(b)
    
11
  
June 2024
    
708,760
      
59,780
  
                       
1,079,345
  
Short Contracts
                          
LME Copper Futures (a)(b)
    
(71)
December 2023
    
(15,695,438
)
    
(577,784
)
LME Copper Futures (a)(b)
    
(33)
June 2024
    
(7,311,563
)
    
(361,448
)
LME Lead Futures (a)(b)
    
(74)
December 2023
    
(3,976,113
)
    
(108,059
)
LME Lead Futures (a)(b)
    
(35)
June 2024
    
(1,884,969
)
    
(52,479
)
LME Nickel Futures (a)(b)
    
(5)
August 2023
    
(663,810
)
    
(25,207
)
LME Nickel Futures (a)(b)
    
(6)
September 2023
    
(799,272
)
    
(54,163
)
LME Primary Aluminum Futures (a)(b)
    
(97)
December 2023
    
(5,592,681
)
    
56,294
  
LME Primary Aluminum Futures (a)(b)
    
(36)
June 2024
    
(2,140,659
)
    
(32,719
)
LME Tin Futures (a)(b)
    
(2)
September 2023
    
(287,020
)
    
548
  
LME Zinc Futures (a)(b)
    
(16)
December 2023
    
(1,027,724
)
    
(33,292
)
LME Zinc Futures (a)(b)
    
(11)
June 2024
    
(708,760
)
    
(56,097
)
                       
(1,244,406
)
           
$
(165,061
)

LME
London Metal Exchange
                  
(a) All or a portion of this security is held by OAIB Cayman.
              
(b) LME futures contracts settle on their respective maturity date. The unrealized appreciation on these contracts is a receivable for unsettled open futures contracts and the unrealized depreciation is a payable for unsettled open futures contracts.
  
Fair Value Measurements
                  
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels.
    
Level 1 Includes quoted prices in active markets for identical securities. Level 2 Includes other significant observable inputs
      
(including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 Includes significant
      
unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the
    
securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
      
                     
The Fund did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3.
    
                     
The following is a summary of the inputs used to value the Fund’s investments carried at fair value as of July 31, 2023:
      

                         
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments - Assets:
                        
Money Market Funds
  
$
6,472,916
    
$
-
    
$
-
    
$
6,472,916
  
Total Investments - Assets
  
$
6,472,916
    
$
-
    
$
-
    
$
6,472,916
  
                                 
Other Financial Instruments*
                                
Open Long Futures Contracts
  
$
1,079,345
    
$
-
    
$
-
    
$
1,079,345
  
Open Short Futures Contracts
    
(1,244,406
)
    
-
      
-
      
(1,244,406
)
Total Open Futures Contracts
  
$
(165,061
)
    
-
      
-
    
$
(165,061
)
                                 
* Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as open futures contracts. Open futures contracts are reflected as the unrealized appreciation (depreciation) on the instrument.