Combined Schedule of Investments (Unaudited) (Tables)

6 Months Ended

Jun. 30, 2025

								*Percentage of*
Description: Assets	*Yield*			*Cost*		*Fair Value*		*Net Assets*			*Shares*

Cash equivalents
Money market funds
U.S. Bank Deposit Account		4.200	%	$	9,714,078	$	9,714,078		4.88	%		9,714,078
Goldman Sachs Financial Square Government Fund - Institutional Class		4.228	%		52,854,812		52,854,812		26.57			52,854,812
Total money market funds				$	62,568,890	$	62,568,890		31.45	%

	*Maturity*								*Percentage of*			*Principal*
	*Date*	*Yield*			*Cost*		*Fair Value*		*Net Assets*			*Amount*
Commercial Paper
Broadcom Inc.	July 17, 2025		4.574	%	$	4,950,625	$	4,990,000		2.51	%		5,000,000
Broadcom Inc.	July 24, 2025		4.575	%		9,896,250		9,971,250		5.01			10,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	July 8, 2025		4.576	%		2,473,438		2,497,813		1.26			2,500,000
The Campbell's Company	July 23, 2025		4.464	%		2,483,500		2,493,278		1.25			2,500,000
Crown Castle Inc.	July 22, 2025		4.779	%		4,973,180		4,986,262		2.51			5,000,000
Crown Castle Inc.	July 24, 2025		4.771	%		9,934,723		9,969,972		5.01			10,000,000
Entergy Corporation	July 24, 2025		4.415	%		4,961,938		4,986,104		2.51			5,000,000
General Motors Financial Company, Inc.	July 2, 2025		4.370	%		2,473,125		2,499,701		1.26			2,500,000
Harley-Davidson Financial Services, Inc.	July 14, 2025		4.773	%		2,482,375		2,495,757		1.25			2,500,000
Marriott International, Inc.	August 14, 2025		4.413	%		9,931,125		9,946,833		5.00			10,000,000
Marriott International, Inc.	August 19, 2025		4.381	%		4,967,600		4,970,600		2.50			5,000,000
Marriott International, Inc.	August 21, 2025		4.413	%		4,965,563		4,969,188		2.50			5,000,000
Mondelez International, Inc.	August 20, 2025		4.414	%		4,963,146		4,969,792		2.50			5,000,000
The Sherwin-Williams Company	July 15, 2025		4.357	%		7,464,168		7,487,457		3.76			7,500,000
VW Credit, Inc.	July 23, 2025		4.567	%		7,448,437		7,479,375		3.76			7,500,000
VW Credit, Inc.	July 28, 2025		4.537	%		7,445,055		7,474,857		3.76			7,500,000
VW Credit, Inc.	August 7, 2025		4.568	%		4,963,125		4,976,875		2.50			5,000,000
Total Commercial Paper					$	96,777,373	$	97,165,114		48.85	%
Total Cash Equivalents							$	159,734,004		80.30	%

	Number of				Percentage of			Notional Amount
	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity futures contracts
United States soybean futures contracts
CBOT soybean futures NOV26		177	$	327,452		0.16	%	$	9,321,263

United States wheat futures contracts
CBOT wheat futures DEC26		1,312		180,770		0.09			40,967,200
Total commodity futures contracts			$	508,222		0.25	%	$	50,288,463

	*Number of*				*Percentage of*			*Notional Amount*
Description: Liabilities	*Contracts*		*Fair Value*		*Net Assets*			*(Long Exposure)*

Commodity futures contracts
United States corn futures contracts
CBOT corn futures SEP25		763	$	1,342,170		0.67	%	$	15,612,888
CBOT corn futures DEC25		631		1,317,982		0.66			13,424,525
CBOT corn futures DEC26		684		114,288		0.06			15,629,400

United States soybean futures contracts
CBOT soybean futures NOV25		182		743,159		0.37			9,345,700
CBOT soybean futures JAN26		153		203,547		0.10			7,973,213

United States sugar futures contracts
ICE sugar futures MAR26		190		347,548		0.17			3,604,832
ICE sugar futures MAY26		167		68,772		0.03			3,112,346
ICE sugar futures MAR27		188		54,256		0.03			3,655,321

United States wheat futures contracts
CBOT wheat futures SEP25		1,527		3,388,840		1.70			41,095,388
CBOT wheat futures DEC25		1,255		9,067,671		4.56			35,140,000
Total commodity futures contracts			$	16,648,233		8.35	%	$	148,593,613

					*Percentage of*
Exchange-traded funds*	*Cost*		*Fair Value*		*Net Assets*			*Shares*
Teucrium Corn Fund	$	3,064,297	$	2,193,309		1.10	%		123,962
Teucrium Soybean Fund		2,700,036		2,190,373		1.10			100,630
Teucrium Sugar Fund		1,922,205		2,206,043		1.11			201,989
Teucrium Wheat Fund		3,323,116		2,150,568		1.08			482,948
Total exchange-traded funds	$	11,009,654	$	8,740,293		4.39	%

								*Percentage of*
Description: Assets	*Yield*			*Cost*		*Fair Value*		*Net Assets*			*Shares*

Cash equivalents
Money market funds
U.S. Bank Deposit Account		4.200	%	$	17,680,667	$	17,680,667		7.87	%		17,680,667
Goldman Sachs Financial Square Government Fund - Institutional Class		4.410	%		64,495,946		64,495,946		28.71			64,495,946
Total money market funds				$	82,176,613	$	82,176,613		36.58	%

	*Maturity*								*Percentage of*			*Principal*
	*Date*	*Yield*			*Cost*		*Fair Value*		*Net Assets*			*Amount*
Commercial Paper
Bell Canada, Inc.	February 4, 2025		4.588	%	$	6,950,784	$	6,970,118		3.10	%		7,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 8, 2025		4.788	%		4,954,862		4,995,422		2.22			5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 16, 2025		4.732	%		7,445,633		7,485,438		3.33			7,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	March 6, 2025		4.783	%		4,943,862		4,958,222		2.21			5,000,000
Energy Transfer Operating, L.P.	January 24, 2025		4.454	%		17,446,548		17,450,825		7.77			17,500,000
General Motors Financial Company, Inc.	January 28, 2025		4.595	%		4,949,150		4,983,050		2.22			5,000,000
General Motors Financial Company, Inc.	March 14, 2025		4.524	%		7,421,205		7,433,256		3.31			7,500,000
Harley-Davidson Financial Services, Inc.	February 3, 2025		4.791	%		12,369,167		12,446,030		5.54			12,500,000
Harley-Davidson Financial Services, Inc.	February 18, 2025		4.860	%		7,411,484		7,452,261		3.32			7,500,000
Hyundai Capital America	February 12, 2025		4.568	%		4,963,750		4,973,750		2.21			5,000,000
L3Harris Technologies, Inc.	January 21, 2025		4.560	%		9,960,000		9,975,000		4.44			10,000,000
VW Credit, Inc.	January 22, 2025		4.671	%		4,962,945		4,986,584		2.22			5,000,000
VW Credit, Inc.	February 19, 2025		4.568	%		4,963,750		4,969,376		2.21			5,000,000
Total Commercial Paper					$	98,743,140	$	99,079,332		44.10	%
Total Cash Equivalents							$	181,255,945		80.68	%

	*Number of*				*Percentage of*			*Notional Amount*
	*Contracts*		*Fair Value*		*Net Assets*			*(Long Exposure)*
Commodity futures contracts
United States corn futures contracts
CBOT corn futures MAY25		974	$	1,356,124		0.60	%	$	22,682,025
CBOT corn futures JUL25		829		580,448		0.26			19,429,688
Total commodity futures contracts			$	1,936,572		0.86	%	$	42,111,713

	*Number of*				*Percentage of*			*Notional Amount*
Description: Liabilities	*Contracts*		*Fair Value*		*Net Assets*			*(Long Exposure)*

Commodity futures contracts
United States corn futures contracts
CBOT corn futures DEC25		1,019	$	1,955,417		0.87	%	$	22,609,063

United States soybean futures contracts
CBOT soybean futures MAR25		175		272,036		0.12			8,841,875
CBOT soybean futures MAY25		148		68,992		0.03			7,564,650
CBOT soybean futures NOV25		172		979,998		0.44			8,817,150

United States sugar futures contracts
ICE sugar futures MAY25		219		617,425		0.27			4,378,248
ICE sugar futures JUL25		192		525,725		0.23			3,763,200
ICE sugar futures MAR26		222		417,145		0.19			4,400,928

United States wheat futures contracts
CBOT wheat futures MAY25		1,518		2,977,940		1.33			42,693,750
CBOT wheat futures JUL25		1,286		358,378		0.16			36,618,850
CBOT wheat futures DEC25		1,430		8,638,066		3.85			42,792,750
Total commodity futures contracts			$	16,811,122		7.49	%	$	182,480,464

					Percentage of
Exchange-traded funds*	Cost		Fair Value		Net Assets			Shares
Teucrium Corn Fund	$	3,436,783	$	2,594,798		1.16	%		138,311
Teucrium Soybean Fund		2,085,431		2,619,232		1.17			122,016
Teucrium Sugar Fund		3,833,234		2,513,606		1.12			220,370
Teucrium Wheat Fund		3,276,853		2,616,822		1.16			542,032
Total exchange-traded funds	$	12,632,301	$	10,344,458		4.61	%

Teucrium Commodity Trust 10-Q