# EDGAR Filing Document

**Accession Number:** 0001547950
**File Stem:** 0000910472-25-002694
**Filing Date:** 2025-10
**Character Count:** 14421
**Document Hash:** e32098eb010893ebd2942668cc5f1e33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002694.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002694

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exchange Listed Funds Trust
- **CENTRAL INDEX KEY:** 0001547950

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22700
- **FILM NUMBER:** 251430758

**BUSINESS ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120
- **BUSINESS PHONE:** 405-778-8377

**MAIL ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Exchange Traded Concepts Trust II
- **DATE OF NAME CHANGE:** 20120420

## Series and Classes Contracts Data

### PLUS Korea Defense Industry Index ETF (Series ID: S000089482)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000256047 | PLUS Korea Defense Industry Index ETF | KDEF            |

## Nport-Ex

**PLUS KOREA DEFENSE INDEX ETF**<br> **SCHEDULE OF INVESTMENTS (Unaudited)<br> August 31, 2025** <br>

---

| | | |
|:---|:---|:---|
| **Common Stocks — 99.8%** | **<u>Shares</u>** | **<u>Fair Value</u>** |
| **South Korea — 99.8%** |  |  |
| *Consumer Discretionary — 16.3%* |  |  |
| Hyundai Mobis Company Ltd. | &nbsp;&nbsp;&nbsp; 3994 | $915007 |
| Hyundai Motor Company | &nbsp;&nbsp;&nbsp; 4705 | 744542 |
| Hyundai Wia Corporation | &nbsp;&nbsp;&nbsp; 55363 | 2003064 |
| Kia Corp | &nbsp;&nbsp;&nbsp; 10531 | 801424 |
| SNT Dynamics Company Ltd. | &nbsp;&nbsp;&nbsp; 49032 | 2204280 |
| SNT Motiv Company Ltd. | &nbsp;&nbsp;&nbsp; 48671 | 1302328 |
|  |  | 7970645 |
| *Financials — 1.9%* |  |  |
| Hanwha Corporation | &nbsp;&nbsp;&nbsp; 15488 | 933569 |
| *Industrials — 70.9%*<sup>+</sup> |  |  |
| Daewoo Shipbuilding & Marine Engineering Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 20770 | 1673253 |
| Hanwha Aerospace Company Ltd. | &nbsp;&nbsp;&nbsp; 12382 | 7873180 |
| Hanwha Systems Company Ltd. | &nbsp;&nbsp;&nbsp; 48780 | 1785939 |
| HD Hyundai Heavy Industries Company Ltd. | &nbsp;&nbsp;&nbsp; 3702 | 1384672 |
| HJ Shipbuilding & Construction Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 264950 | 3598098 |
| Hyundai Rotem Company Ltd. | &nbsp;&nbsp;&nbsp; 46058 | 6364137 |
| Korea Aerospace Industries Ltd. | &nbsp;&nbsp;&nbsp; 44235 | 3029075 |
| LIG Nex1 Company Ltd. | &nbsp;&nbsp;&nbsp; 8781 | 3091746 |
| LS Marine Solution Company Ltd. | &nbsp;&nbsp;&nbsp; 34445 | 569851 |
| MNC Solution Company Ltd. | &nbsp;&nbsp;&nbsp; 15901 | 2049602 |
| Rainbow Robotics<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4310 | 847894 |
| Samhyun Company Ltd. | &nbsp;&nbsp;&nbsp; 126311 | 1294682 |
| SK oceanplant Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 73176 | 1097443 |
|  |  | 34659572 |
| *Materials — 5.6%* |  |  |
| Poongsan Corporation | &nbsp;&nbsp;&nbsp; 21983 | 1878497 |
| Young Poong Corporation | &nbsp;&nbsp;&nbsp; 31078 | 847226 |
|  |  | 2725723 |
| *Technology — 5.1%* |  |  |
| Satrec Initiative Company Ltd. | &nbsp;&nbsp;&nbsp; 41304 | 1506285 |
| Sphere Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 119317 | 1000709 |
|  |  | 2506994 |
| **Total South Korea** |  | 48796503 |
| **Total Common Stocks** |  |  |
| **(Cost $35,096,934)** |  | **48796503** |
| **Total Investments** — **99.8%** |  |  |
| **(Cost $35,096,934)** |  | **48796503** |
| **Other Assets in Excess of Liabilities** — **0.2%** |  | 116657 |
| **Total Net Assets — 100.0%** |  | **$48913160** |

---

---

| | |
|:---|:---|
| LTD | - Limited Company |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>+</sup> | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Exchange Listed Funds Trust

- **b. Investment Company Act file number:** 811-22700

- **c. CIK number of Registrant:** 0001547950

- **d. LEI of Registrant:** 549300NACQI9T12KM079

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 10900 Hefner Pointe Drive

  - **City:** Oklahoma City

  - **State:** OK

  - **Foreign country:** US

  - **Zip / Postal Code:** 73120

  - **Telephone number:** 405-778-8377

**Item A.2. Information about the Series.**

- **a. Name of Series:** PLUS Korea Defense Industry Index ETF

- **b. EDGAR series identifier (if any):** S000089482

- **c. LEI of Series:** 5299006DUWIX3AEL2A58

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $48939287.55

**Total Liabilities:** $26127.34

**Net Assets:** $48913160.21

**Cash Not Reported:** $3361.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256047 | 22.45%               | 5.14%                | -1.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $104895.50               | $7074644.03                                |
| Month 2  | $1011678.29              | $1455408.40                                |
| Month 3  | $0.00                    | $-679286.18                                |

### Schedule of Portfolio Investments

| Name                                | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hanwha Ocean Co Ltd.                | DAEWOO SHIPBUILDING & MAR | CUSIP: Y1916Y117<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20770 | NS      | $1673253.01   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lig Nex1 Co Ltd                     | LIG NEX1 CO LTD           | CUSIP: Y5277W107<br>LEI: 988400VTP0QVY3OIY652 | Long             | EC               | CORP              | KR        |      8781 | NS      | $3091745.73   | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Young Poong Corp                    | YOUNG POONG CORP          | CUSIP: Y9858R107<br>LEI: 988400AY78NTFS106S56 | Long             | EC               | CORP              | KR        |     31078 | NS      | $847226.18    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mobis Co Ltd.               | HYUNDAI MOBIS             | CUSIP: Y3849A109<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |      3994 | NS      | $915007.37    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MNC Solution Co Ltd.                | MNC SOLUTION CO           | CUSIP: Y6S5HG105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15901 | NS      | $2049602.01   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Snt Motiv Co Limited                | SNT MOTIV CO LTD          | CUSIP: Y8137Y107<br>LEI: 984500399892BD92BE50 | Long             | EC               | CORP              | KR        |     48671 | NS      | $1302327.78   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rainbow Robotics Inc                | RAINBOW ROBOTICS          | CUSIP: Y7S740108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4310 | NS      | $847894.26    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Rotem Co Ltd                | ROTEM CO                  | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |     46058 | NS      | $6364137.24   | 13.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor Co.                   | HYUNDAI MOTOR             | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      4705 | NS      | $744542.35    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Poongsan Corp                       | POONGSAN CORP             | CUSIP: Y7021M104<br>LEI: 2549007P08ZD5QJS1369 | Long             | EC               | CORP              | KR        |     21983 | NS      | $1878496.96   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd. | HD HYUNDAI HEAVY          | CUSIP: Y3838M122<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |      3702 | NS      | $1384671.82   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Corp.                        | SPHERE CORP               | CUSIP: Y5S78J107<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    119317 | NS      | $1000709.38   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Aerospace Co Ltd             | HANWHA AEROSPACE          | CUSIP: Y7470L102<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |     12382 | NS      | $7873179.64   | 16.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Corp.                        | HANWHA CORP               | CUSIP: Y3065M100<br>LEI: 988400JE9FIHQS7TX614 | Long             | EC               | CORP              | KR        |     15488 | NS      | $933569.07    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp.                           | KIA CORP                  | CUSIP: Y47601102<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     10531 | NS      | $801424.06    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha S&C Co.Ltd                   | HANWHA SYSTEMS C          | CUSIP: Y374FQ108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     48780 | NS      | $1785939.22   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LS Marine Solution Co Ltd.          | LS MARINE SOLUTI          | CUSIP: Y49567103<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     34445 | NS      | $569850.75    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Oceanplant Co Ltd.               | SK OCEANPLANT CO          | CUSIP: Y746A2105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     73176 | NS      | $1097442.62   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Wia Corp.                   | HYUNDAI WIA CORP          | CUSIP: Y3R394104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     55363 | NS      | $2003063.41   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Snt Dynamics Co Ltd                 | SNT DYNAMICS CO           | CUSIP: Y81610100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     49032 | NS      | $2204279.81   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Aerospace Industries Ltd.     | KOREA AEROSPACE INDUSTRIE | CUSIP: Y4838Q105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     44235 | NS      | $3029075.35   | 6.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Satrec Initiative                   | SATREC INITIATIV          | CUSIP: Y7539E107<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     41304 | NS      | $1506285.06   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Samhyun Co.Ltd.                     | SAMHYUN CO LTD            | CUSIP: Y7T6FM109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    126311 | NS      | $1294682.07   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hj Shipbuilding & Construct Co Ltd  | HJ SHIPBUILDING           | CUSIP: Y3R52V106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    264950 | NS      | $3598098.18   | 7.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                   | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    132452 | PA      | $132451.92    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** Exchange Listed Funds Trust

**Signature:** Chris Roleke

**Name of Signer:** Chris Roleke

**Title:** Treasurer