NPORT-EX 2 oaib2.htm

Teucrium AiLA Long-Short Base Metals Strategy ETF
Consolidated Schedule of Investments
January 31, 2024 (Unaudited)

SHORT-TERM INVESTMENTS – 90.9%                                                                                                  
  Shares  
Value
 
Deposit Accounts – 90.9%
          
U.S. Bank Money Market Deposit Account – 5.24%(a)
     3,310,860    
$
3,310,860
  
TOTAL SHORT-TERM INVESTMENTS (Cost $3,310,860)
            
3,310,860
  
         
Total Investments (Cost $3,310,860) – 90.9%
            
3,310,860
  
Other assets and Liabilities, net – 9.1%
            
330,335
  
TOTAL SHORT-TERM INVESTMENTS - 100.0%
          
$
3,641,195
  
         

Percentages are stated as a percent of net assets.
  

(a)
The rate shown is the seven day yield as of January 31, 2024.
Teucrium AiLA Long-Short Base Metals Strategy ETF
  
Consolidated Schedule of Open Futures Contracts
  
January 31, 2024 (Unaudited)
  
   
Description
  
Contracts Purchased
  
Settlement Month
  
Notional
    
Value / Unrealized Appreciation (Depreciation)
  
Long Contracts
                    
   LME Aluminum Futures(a)(b)
    
112
  
June 2024
  
$
6,456,576
    
$
37,914
  
   LME Aluminum Futures(a)(b)
    
15
  
December 2024
    
893,220
      
14,573
  
   LME Copper Futures(a)(b)
    
101
  
June 2024
    
21,822,313
      
618,016
  
   LME Lead Futures(a)(b)
    
140
  
June 2024
    
7,596,365
      
65,518
  
   LME Lead Futures(a)(b)
    
20
  
December 2024
    
1,089,250
      
(8,891
)
   LME Nickel Futures(a)(b)
    
1
  
February 2024
    
96,414
      
(1,340
)
   LME Nickel Futures(a)(b)
    
8
  
March 2024
    
775,296
      
(25,493
)
   LME Tin Futures(a)(b)
    
1
  
February 2024
    
130,365
      
6,904
  
   LME Tin Futures(a)(b)
    
2
  
March 2024
    
261,630
      
4,197
  
   LME Zinc Futures(a)(b)
    
149
  
June 2024
    
9,446,973
      
90,329
  
   LME Zinc Futures(a)(b)
    
63
  
December 2024
    
4,023,889
      
44,150
  
                     
$
845,877
  

                 
 
Description
  
Contracts Sold
  
Settlement Month
  
Notional
    
Value / Unrealized Appreciation (Depreciation)
  
Short Contracts
                    
   LME Aluminum Futures(a)(b)
    
(112)
June 2024
  
$
(6,456,576
)
  
$
(5,199
)
   LME Aluminum Futures(a)(b)
    
(15)

December 2024
    
(893,220
)
    
7,317
  
   LME Copper Futures(a)(b)
    
(101)
June 2024
    
(21,822,313
)
    
(719,183
)
   LME Lead Futures(a)(b)
    
(156)
June 2024
    
(8,464,521
)
    
(126,929
)
   LME Lead Futures(a)(b)
    
(28)
December 2024
    
(1,524,950
)
    
(27,471
)
   LME Nickel Futures(a)(b)
    
(1)
February 2024
    
(96,414
)
    
485
  
   LME Nickel Futures(a)(b)
    
(8)
March 2024
    
(775,296
)
    
21,547
  
   LME Tin Futures(a)(b)
    
(1)
February 2024
    
(130,365
)
    
(7,996
)
   LME Tin Futures(a)(b)
    
(1)
March 2024
    
(130,815
)
    
2,293
  
   LME Zinc Futures(a)(b)
    
(165)
June 2024
    
(10,461,413
)
    
(74,607
)
   LME Zinc Futures(a)(b)
    
(79)
December 2024
    
(5,045,829
)
    
(22,442
)
                     
$
(952,185
)
Total Unrealized Appreciation (Depreciation)
    
$
(106,308
)
           
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 on the Fund’s consolidated statement of assets and liabilities.
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 January 31, 2024:
  

Teucrium AiLA Long-Short Base Metals Strategy ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Investments – Assets:
                        
  Deposit Accounts
  
$
3,310,860
    
$
–
    
$
–
    
$
3,310,860
  
Total Investments - Assets
  
$
3,310,860
    
$
–
    
$
–
    
$
3,310,860
  
                                 
Other Financial Instruments*:
                                
Assets
                                
  Open Futures Contracts
  
$
845,877
    
$
–
    
$
–
    
$
845,877
  
Total Assets
  
$
845,877
    
$
–
    
$
–
    
$
845,877
  
                                 
Liabilities
                                
  Open Futures Contracts
  
$
(952,185
)
  
$
–
    
$
–
    
$
(952,185
)
Total Liabilities
  
$
(952,185
)
  
$
–
    
$
–
    
$
(952,185
)
                                 
* Other financial instruments are a derivative instruments not reflected in the Schedule of Investments, such as open future contracts. Open futures contracts are reflected as the unrealized appreciation (depreciation) on the instrument as of January 31, 2024.