Schedule of Investments - Teucrium Corn Fund (Unaudited)

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Schedule of Investments [Text Block]

TEUCRIUM COMMODITY TRUST

COMBINED SCHEDULE OF INVESTMENTS

June 30, 2026

(Unaudited)

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

Cash equivalents
Money market funds
U.S. Bank Deposit Account			3.450	%		$	90,198,598			$	90,198,598				16.05	%			90,198,598
Goldman Sachs Financial Square Government Fund - Institutional Class			3.540	%			200,571,824				200,571,824				35.68				200,571,824
Total money market funds						$	290,770,422			$	290,770,422				51.73	%

	*Maturity*														*Percentage of*				*Principal*
	*Date*		*Yield*				*Cost*				*Fair Value*				*Net Assets*				*Amount*
Commercial Paper
BASF SE	July 10, 2026			3.714	%		$	9,963,000			$	9,990,751				1.78	%			10,000,000
Boston Scientific Corporation	July 6, 2026			3.779	%			2,487,467				2,498,694				0.44				2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	July 23, 2026			3.867	%			4,977,542				4,988,236				0.89				5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	August 13, 2026			3.924	%			12,422,813				12,441,771				2.21				12,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	August 13, 2026			3.848	%			2,488,297				2,488,563				0.44				2,500,000
EIDP, Inc.	July 6, 2026			3.830	%			4,960,944				4,997,362				0.89				5,000,000
EIDP, Inc.	July 17, 2026			3.826	%			4,965,694				4,991,556				0.89				5,000,000
EIDP, Inc.	July 24, 2026			3.841	%			4,959,254				4,987,830				0.89				5,000,000
EIDP, Inc.	July 30, 2026			3.833	%			4,970,367				4,984,654				0.89				5,000,000
Enbridge (U.S.) Inc.	July 2, 2026			3.766	%			9,957,292				9,998,958				1.78				10,000,000
Entergy Corporation	July 8, 2026			3.849	%			4,962,862				4,996,286				0.89				5,000,000
Entergy Corporation	August 12, 2026			3.831	%			2,479,681				2,488,917				0.44				2,500,000
Entergy Corporation	August 27, 2026			3.835	%			4,954,084				4,969,916				0.88				5,000,000
Equifax Inc.	July 30, 2026			3.734	%			4,980,884				4,985,016				0.89				5,000,000
Equifax Inc.	August 20, 2026			3.934	%			4,956,666				4,972,916				0.88				5,000,000
General Motors Financial Company, Inc.	July 1, 2026			3.934	%			4,957,208				5,000,000				0.89				5,000,000
General Motors Financial Company, Inc.	July 8, 2026			3.825	%			4,966,750				4,996,306				0.89				5,000,000
General Motors Financial Company, Inc.	August 7, 2026			3.828	%			9,926,112				9,960,944				1.77				10,000,000
Glencore Funding LLC	July 6, 2026			3.720	%			2,486,382				2,498,715				0.44				2,500,000
Glencore Funding LLC	July 31, 2026			3.733	%			4,955,806				4,984,584				0.89				5,000,000
Glencore Funding LLC	August 4, 2026			3.836	%			4,953,028				4,982,056				0.89				5,000,000
Harley-Davidson Financial Services, Inc.	July 6, 2026			4.240	%			9,906,666				9,994,166				1.78				10,000,000
Harley-Davidson Financial Services, Inc.	July 7, 2026			4.084	%			3,966,250				3,997,300				0.71				4,000,000
Harley-Davidson Financial Services, Inc.	September 11, 2026			4.268	%			4,953,022				4,957,720				0.88				5,000,000
Jabil Inc.	August 27, 2026			4.096	%			12,401,236				12,419,578				2.21				12,500,000
Keurig Dr Pepper Inc.	July 22, 2026			4.028	%			4,977,722				4,988,304				0.89				5,000,000
Marriott International, Inc.	July 30, 2026			3.729	%			9,949,503				9,970,114				1.77				10,000,000
Marriott International, Inc.	July 31, 2026			3.737	%			4,977,266				4,984,500				0.89				5,000,000
Marriott International, Inc.	July 31, 2026			3.764	%			4,981,771				4,984,375				0.89				5,000,000
The Campbell's Company	July 15, 2026			4.040	%			4,950,000				4,992,222				0.89				5,000,000
The Campbell's Company	July 16, 2026			3.921	%			4,972,916				4,991,874				0.89				5,000,000
The Campbell's Company	August 13, 2026			3.937	%			2,631,255				2,643,628				0.47				2,656,000
The Campbell's Company	August 6, 2026			3.885	%			991,017				996,150				0.18				1,000,000
The Campbell's Company	September 21, 2026			3.966	%			3,666,071				3,666,879				0.65				3,700,000
The Sherwin-Williams Company	July 27, 2026			3.669	%			7,460,458				7,480,229				1.33				7,500,000
The Sherwin-Williams Company	July 29, 2026			3.680	%			9,945,100				9,971,534				1.77				10,000,000
The Sherwin-Williams Company	August 25, 2026			3.675	%			2,482,764				2,486,059				0.44				2,500,000
Total Commercial Paper							$	209,945,150			$	210,728,663				37.49	%
Total Cash Equivalents											$	501,499,085				89.22	%

Digital Assets
Bitcoin		$	1,110,722			$	1,071,328				0.19	%			18.28

		*Number of*								*Percentage of*				*Notional Amount*
		*Contracts*				*Fair Value/Unrealized Appreciation*				*Net Assets*				*(Long Exposure)*
Commodity futures contracts
United States soybean futures contracts
CBOT soybean futures NOV27			298			$	242,041				0.04	%		$	16,937,575

United States sugar futures contracts
ICE sugar futures MAY27			1,252				50,810				0.01				21,860,922
ICE sugar futures MAR28			1,366				98,202				0.02				25,457,869

ICE European Carbon Allowances futures contracts
ICE European Carbon Allowances futures DEC26			3				11,033				0.00				274,941
Total commodity futures contracts						$	402,086				0.07	%		$	64,531,307

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

Commodity futures contracts
United States corn futures contracts
CBOT corn futures SEP26			2,910			$	8,851,741				1.57	%		$	60,637,125
CBOT corn futures DEC26			2,384				6,407,353				1.14				51,971,200
CBOT corn futures DEC27			2,583				5,417,377				0.96				60,635,925

United States soybean futures contracts
CBOT soybean futures NOV26			294				189,555				0.03				16,813,125
CBOT soybean futures JAN27			249				754,258				0.13				14,426,438

United States sugar futures contracts
ICE sugar futures MAR27			1,443				827,027				0.15				25,470,682

United States wheat futures contracts
CBOT wheat futures SEP26			3,167				8,343,492				1.48				93,307,738
CBOT wheat futures DEC26			2,647				5,541,264				0.99				80,005,575
CBOT wheat futures DEC27			2,824				10,783,616				1.92				93,262,600
Total commodity futures contracts						$	47,115,683				8.37	%		$	496,530,408

										*Percentage of*
Exchange-traded funds*		*Cost*				*Fair Value*				*Net Assets*				*Shares*
Teucrium Corn Fund		$	5,029,355			$	4,588,562				0.82	%			273,944
Teucrium Soybean Fund			4,542,006				4,548,086				0.81				186,397
Teucrium Sugar Fund			4,581,900				4,509,186				0.80				460,591
Teucrium Wheat Fund			4,782,198				4,555,672				0.81				206,794
Total exchange-traded funds		$	18,935,459			$	18,201,506				3.24	%

*The Trust eliminates the shares owned by the Teucrium Agricultural Fund from its combined statements of assets and liabilities due to the fact that these represent holdings of the other four Funds (“Underlying Funds”) owned by the Teucrium Agricultural Fund, which are included as shares outstanding of the Underlying Funds.

The accompanying notes are an integral part of these financial statements.

TEUCRIUM COMMODITY TRUST

COMBINED SCHEDULE OF INVESTMENTS**

December 31, 2025

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

Cash equivalents
Money market funds
U.S. Bank Deposit Account			3.450	%		$	14,099,436			$	14,099,436				6.60	%			14,099,436
Goldman Sachs Financial Square Government Fund - Institutional Class			3.692	%			68,096,540				68,096,540				31.88				68,096,540
Total money market funds						$	82,195,976			$	82,195,976				38.48	%

	*Maturity*														*Percentage of*				*Principal*
	*Date*		*Yield*				*Cost*				*Fair Value*				*Net Assets*				*Amount*
Commercial Paper
Bell Canada, Inc.	March 4, 2026			3.844	%		$	2,477,775			$	2,483,596				1.16	%			2,500,000
Bell Canada, Inc.	January 22, 2026			3.876	%			4,966,313				4,988,771				2.34				5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 22, 2026			4.035	%			4,957,222				4,988,333				2.34				5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 29, 2026			3.931	%			4,961,000				4,984,834				2.33				5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	February 19, 2026			3.883	%			4,957,756				4,973,798				2.33				5,000,000
Crown Castle Inc.	January 20, 2026			3.854	%			4,982,400				4,989,867				2.34				5,000,000
Crown Castle Inc.	January 22, 2026			3.855	%			2,490,400				2,494,400				1.17				2,500,000
Glencore Funding LLC	January 14, 2026			3.822	%			4,970,972				4,993,139				2.34				5,000,000
Glencore Funding LLC	January 30, 2026			3.870	%			7,442,400				7,476,800				3.50				7,500,000
Harley-Davidson Financial Services, Inc.	March 3, 2026			3.989	%			4,950,626				4,966,534				2.33				5,000,000
Harley-Davidson Financial Services, Inc.	March 5, 2026			3.782	%			4,958,334				4,967,188				2.33				5,000,000
Harley-Davidson Financial Services, Inc.	March 10, 2026			3.987	%			7,425,975				7,444,070				3.49				7,500,000
Hyundai Capital America	January 8, 2026			3.927	%			7,448,813				7,494,312				3.51				7,500,000
Mondelez International, Inc.	February 2, 2026			3.824	%			4,968,862				4,983,111				2.33				5,000,000
Oracle Corporation	February 4, 2026			3.719	%			7,462,229				7,473,791				3.50				7,500,000
Oracle Corporation	March 11, 2026			3.862	%			7,434,604				7,444,972				3.49				7,500,000
Oracle Corporation	March 25, 2026			3.793	%			4,956,134				4,956,656				2.32				5,000,000
Total Commercial Paper							$	91,811,815			$	92,104,172				43.15	%
Total Cash Equivalents											$	174,300,148				81.63	%

		*Number of*								*Percentage of*				*Notional Amount*
		*Contracts*				*Fair Value/Unrealized Appreciation*				*Net Assets*				*(Long Exposure)*
Commodity futures contracts
United States corn futures contracts
CBOT corn futures DEC26			716			$	50,255				0.02	%		$	16,485,900

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

Commodity futures contracts
United States corn futures contracts
CBOT corn futures MAY26			732			$	13,235				0.01	%		$	16,405,950
CBOT corn futures JUL26			620				157,550				0.07				14,089,500

United States soybean futures contracts
CBOT soybean futures MAR26			259				859,062				0.40				13,565,125
CBOT soybean futures MAY26			220				1,074,702				0.50				11,671,000
CBOT soybean futures NOV26			256				251,463				0.12				13,625,600

United States sugar futures contracts
ICE sugar futures MAY26			311				525,043				0.25				5,106,371
ICE sugar futures JUL26			267				226,844				0.11				4,398,878
ICE sugar futures MAR27			294				398,730				0.19				5,182,867

United States wheat futures contracts
CBOT wheat futures MAY26			1,521				2,253,008				1.05				39,431,925
CBOT wheat futures JUL26			1,276				1,137,701				0.53				33,893,750
CBOT wheat futures DEC26			1,406				3,924,119				1.84				39,701,925
Total commodity futures contracts						$	10,821,457				5.07	%		$	197,072,891

										*Percentage of*
Exchange-traded funds*		*Cost*				*Fair Value*				*Net Assets*				*Shares*
Teucrium Corn Fund		$	2,188,329			$	1,581,916				0.74	%			89,213
Teucrium Soybean Fund			1,899,004				1,542,463				0.72				70,481
Teucrium Sugar Fund			1,515,628				1,596,794				0.75				163,083
Teucrium Wheat Fund			2,553,727				1,577,156				0.74				78,887
Total exchange-traded funds		$	8,156,688			$	6,298,329				2.95	%

*The Trust eliminates the shares owned by the Teucrium Agricultural Fund from its combined statements of assets and liabilities due to the fact that these represent holdings of the Underlying Funds owned by the Teucrium Agricultural Fund, which are included as shares outstanding of the Underlying Funds.

**Includes the 7RCC Spot Bitcoin and Carbon Credit Futures ETF ("BTCK"), which was organized as a series of the Teucrium Commodity Trust on September 17, 2025, and which issued four shares at a price of $25.00 per share on December 10, 2025. BTCK had not commenced operations as of December 31, 2025.

The accompanying notes are an integral part of these financial statements.

Teucrium Corn Fund [Member]

Notes to Financial Statements

Schedule of Investments [Text Block]

TEUCRIUM CORN FUND

SCHEDULE OF INVESTMENTS

June 30, 2026

(Unaudited)

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

Cash equivalents
Money market funds
U.S. Bank Deposit Account			3.450	%		$	8,521,248			$	8,521,248				4.92	%			8,521,248
Goldman Sachs Financial Square Government Fund - Institutional Class			3.540	%			66,874,177				66,874,177				38.60				66,874,177
Total money market funds						$	75,395,425			$	75,395,425				43.52	%

	*Maturity*														*Percentage of*				*Principal*
	*Date*		*Yield*				*Cost*				*Fair Value*				*Net Assets*				*Amount*
Commercial Paper
BASF SE	July 10, 2026			3.714	%		$	2,490,750			$	2,497,688				1.44	%			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	July 23, 2026			3.867	%			4,977,542				4,988,236				2.88				5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	August 13, 2026			3.924	%			7,453,688				7,465,063				4.31				7,500,000
EIDP, Inc.	July 17, 2026			3.826	%			2,482,847				2,495,778				1.44				2,500,000
EIDP, Inc.	July 24, 2026			3.841	%			2,479,627				2,493,915				1.44				2,500,000
EIDP, Inc.	July 30, 2026			3.833	%			4,970,367				4,984,654				2.88				5,000,000
Entergy Corporation	August 12, 2026			3.831	%			2,479,681				2,488,917				1.44				2,500,000
Entergy Corporation	August 27, 2026			3.835	%			2,477,042				2,484,958				1.43				2,500,000
Equifax Inc.	July 30, 2026			3.734	%			2,490,442				2,492,508				1.44				2,500,000
Equifax Inc.	August 20, 2026			3.934	%			2,478,333				2,486,458				1.44				2,500,000
General Motors Financial Company, Inc.	August 7, 2026			3.828	%			4,963,056				4,980,472				2.87				5,000,000
Glencore Funding LLC	July 31, 2026			3.733	%			2,477,903				2,492,292				1.44				2,500,000
Glencore Funding LLC	August 4, 2026			3.836	%			2,476,514				2,491,028				1.44				2,500,000
Harley-Davidson Financial Services, Inc.	July 6, 2026			4.240	%			4,953,333				4,997,083				2.88				5,000,000
Harley-Davidson Financial Services, Inc.	September 11, 2026			4.268	%			2,476,511				2,478,860				1.43				2,500,000
Jabil Inc.	August 27, 2026			4.096	%			7,440,742				7,451,747				4.30				7,500,000
Keurig Dr Pepper Inc.	July 22, 2026			4.028	%			2,488,861				2,494,152				1.44				2,500,000
Marriott International, Inc.	July 31, 2026			3.737	%			2,488,633				2,492,250				1.44				2,500,000
The Campbell's Company	July 15, 2026			4.040	%			4,950,000				4,992,222				2.88				5,000,000
The Campbell's Company	August 6, 2026			3.885	%			991,017				996,150				0.57				1,000,000
The Campbell's Company	September 21, 2026			3.966	%			1,188,996				1,189,258				0.69				1,200,000
The Sherwin-Williams Company	July 29, 2026			3.680	%			4,972,550				4,985,767				2.88				5,000,000
The Sherwin-Williams Company	August 25, 2026			3.675	%			2,482,764				2,486,059				1.43				2,500,000
Total Commercial Paper							$	79,131,199			$	79,405,515				45.83	%
Total Cash Equivalents											$	154,800,940				89.35	%

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

Commodity futures contracts
United States corn futures contracts
CBOT corn futures SEP26			2,910			$	8,851,741				5.11	%		$	60,637,125
CBOT corn futures DEC26			2,384				6,407,353				3.70				51,971,200
CBOT corn futures DEC27			2,583				5,417,377				3.13				60,635,925
Total commodity futures contracts						$	20,676,471				11.94	%		$	173,244,250

The accompanying notes are an integral part of these financial statements.

TEUCRIUM CORN FUND

SCHEDULE OF INVESTMENTS

December 31, 2025

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

Cash equivalents
Money market funds
U.S. Bank Deposit Account			3.450	%		$	4,457,356			$	4,457,356				9.49	%			4,457,356
Goldman Sachs Financial Square Government Fund - Institutional Class			3.692	%			6,922,448				6,922,448				14.73				6,922,448
Total money market funds						$	11,379,804			$	11,379,804				24.22	%

	*Maturity*														*Percentage of*				*Principal*
	*Date*		*Yield*				*Cost*				*Fair Value*				*Net Assets*				*Amount*
Commercial Paper
Bell Canada, Inc.	January 22, 2026			3.876	%		$	4,966,313			$	4,988,771				10.62	%			5,000,000
Harley-Davidson Financial Services, Inc.	March 3, 2026			3.989	%			2,475,313				2,483,267				5.28				2,500,000
Harley-Davidson Financial Services, Inc.	March 5, 2026			3.782	%			2,479,167				2,483,594				5.29				2,500,000
Mondelez International, Inc.	February 2, 2026			3.824	%			2,484,431				2,491,555				5.30				2,500,000
Oracle Corporation	February 4, 2026			3.719	%			7,462,229				7,473,791				15.91				7,500,000
Oracle Corporation	March 25, 2026			3.793	%			2,478,067				2,478,328				5.27				2,500,000
Total Commercial Paper							$	22,345,520			$	22,399,306				47.67	%
Total Cash Equivalents											$	33,779,110				71.89	%

Number of

Percentage of

Notional Amount

Contracts

Fair Value/Unrealized Appreciation

Net Assets

(Long Exposure)

Commodity futures contracts

United States corn futures contracts

CBOT corn futures DEC26

716

50,255

0.11

%

16,485,900

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

Commodity futures contracts
United States corn futures contracts
CBOT corn futures MAY26			732			$	13,235				0.03	%		$	16,405,950
CBOT corn futures JUL26		620				157,550				0.34				14,089,500
Total commodity futures contracts						$	170,785				0.37	%		$	30,495,450

The accompanying notes are an integral part of these financial statements.

The entire disclosure for investments owned by investment company.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/946-320/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 5)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3