Fund Description: Roundhill BITKRAFT Esports & Digital Entertainment ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Listed Funds Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Roundhill BITKRAFT Esports & Digital Entertainment ETFseeks to track the total return performance, before fees and expenses, of the Roundhill BITKRAFT Esports Index. INDEX DESCRIPTION: The Roundhill BITKRAFT Esports Index tracks the performance of the common stock (or corresponding American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs)) of exchange-listed companies across the globe (including in emerging markets) that earn revenue from electronic sports, or esports related business activities, including: (a) video game publishing, (b) video game development, (c) video game streaming platforms, (d) organizing video game tournaments and/or events, (e) operating and/or owning video game leagues, (f) owning competitive video game teams, and (g) gaming hardware and technology companies (collectively, the Esports Industry) or whose principal business activity is classified as that of another digital entertainment business activity, such as broadcasting, interactive home entertainment, interactive media & services, technology hardware storage or technology hardware, storage and peripherals. FUND STRATEGY: The Fund uses a passive management (or indexing) approach to seek to track the total return performance of the Index and employs an objective, rules-based methodology to track the performance of a modified equal-weight portfolio of globally-listed equity securities of companies that are actively involved in the esports and other digital entertainment industries. The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Index and depositary receipts representing Index components. The Fund will generally use a replication strategy to achieve its investment objective, meaning the Fund generally will invest in all of the component securities of the Index in approximately the same proportions as in the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index The Fund generally may invest up to 20% of its total assets (exclusive of any collateral held from securities lending) in securities or other investments not included in the Index. FUND MANAGEMENT: Roundhill Financial Inc. serves as the Adviser to the Fund. Exchange Traded Concepts, LLC serves as the Sub-Adviser.