# EDGAR Filing Document

**Accession Number:** 0001547950
**File Stem:** 0001752724-23-063325
**Filing Date:** 2023-3
**Character Count:** 23529
**Document Hash:** 8af30a7358bee8306e5c350e14d63807
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-063325.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001752724-23-063325

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exchange Listed Funds Trust
- **CENTRAL INDEX KEY:** 0001547950
- **IRS NUMBER:** 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:** 23752229

**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

### Asian Growth Cubs ETF (Series ID: S000071948)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000227565 | Asian Growth Cubs ETF | CUBS            |

## Nport-Ex

---

| | |
|:---|:---|
|  **Asian Growth Cubs ETF**<br>SCHEDULE OF INVESTMENTS | &nbsp;&nbsp; **January 31, 2023**<br> (Unaudited) |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **COMMON STOCKS – 89.0%** | | |
| **BANGLADESH – 8.7%** | **BANGLADESH – 8.7%** | |
| Bangladesh Submarine Cable Co. Ltd. | 76923 | $157737 |
| Beacon Pharmaceuticals Ltd. | 64297 | 185874 |
| Beximco Pharmaceuticals Ltd. | 104559 | 143199 |
| BRAC Bank Ltd. | 417444 | 150554 |
| Renata Ltd. | 13265 | 151339 |
| Square Pharmaceuticals Ltd. | 76602 | 150549 |
|  |  | **939252** |
| **INDONESIA – 29.3%** |  |  |
| Bank Central Asia TBK PT | 453500 | 256398 |
| Bank Neo Commerce TBK PT\* | 5140161 | 253750 |
| Bukalapak.com PT TBK\* | 13768400 | 266367 |
| Elang Mahkota Teknologi TBK PT | 3636900 | 262032 |
| Indofood CBP Sukses Makmur TBK PT | 374300 | 252197 |
| Kalbe Farma TBK PT | 1880600 | 258441 |
| M Cash Integrasi PT\* | 301200 | 146682 |
| Media Nusantara Citra TBK PT\* | 3256000 | 150962 |
| Medikaloka Hermina TBK PT | 1559500 | 161776 |
| Mitra Adiperkasa TBK PT\* | 2834700 | 245838 |
| Mitra Keluarga Karyasehat TBK PT | 1239600 | 247258 |
| Prodia Widyahusada TBK PT | 410100 | 147734 |
| Telkom Indonesia Persero TBK PT | 1050400 | 269783 |
| Unilever Indonesia TBK PT | 820200 | 254979 |
|  |  | **3174197** |
| **MALAYSIA – 4.9%** |  |  |
| Frontken Corp. BHD | 345992 | 266850 |
| My EG Services BHD | 1231496 | 262711 |
|  |  | **529561** |
| **PHILIPPINES – 19.3%** |  |  |
| ACEN Corp. | 1148500 | 147169 |
| Ayala Corp. | 19690 | 254832 |
| Bank of the Philippine Islands | 137820 | 264905 |
| Bloomberry Resorts Corp.\* | 1175100 | 198333 |
| Converge Information and Communications Technology Solutions, Inc.\* | 965100 | 308818 |
| Globe Telecom, Inc. | 6275 | 232035 |
| Megaworld Corp. | 3988000 | 154768 |
| SM Prime Holdings, Inc. | 397200 | 268302 |
| Universal Robina Corp. | 103310 | 260604 |
|  |  | **2089766** |
| **SINGAPORE – 5.1%** |  |  |
| Grab Holdings Ltd., Class A\* | 77120 | 292285 |
| Sea Ltd., ADR\* | 4042 | 260507 |
|  |  | **552792** |
| **THAILAND – 7.9%** |  |  |
| Chularat Hospital PCL | 2431243 | 294607 |
| Fabrinet\* | 1969 | 259238 |
| Mega Lifesciences PCL | 186134 | 294623 |
|  |  | **848468** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **COMMON STOCKS (Continued)** | | |
| **VIETNAM – 13.8%** | | |
| Ho Chi Minh City Development Joint Stock Commercial Bank\* | 216700 | $172362 |
| Khang Dien House Trading and Investment JSC\* | 205850 | 245817 |
| Saigon Beer Alcohol Beverage Corp. | 20300 | 163629 |
| Thien Long Group Corp. | 71000 | 159881 |
| Viet Capital Securities JSC | 214290 | 273260 |
| Vietnam Dairy Products JSC | 74800 | 245957 |
| Vingroup JSC\* | 95749 | 233171 |
|  |  | **1494077** |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $10,727,957) |  | **9628113** |
| **EXCHANGE-TRADED FUNDS – 9.9%** |  |  |
| **EQUITY – 9.9%** |  |  |
| DCVFMVN Diamond ETF\* | 1042100 | 1075544 |
| **TOTAL EXCHANGE-TRADED FUNDS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,158,246) |  | **1075544** |
| **SHORT-TERM INVESTMENTS – 1.0%** |  |  |
| Invesco Government & Agency Portfolio - Institutional Class, 4.30%<sup>(a)</sup> | 110399 | 110399 |
| **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $110,399) |  | **110399** |
| **TOTAL INVESTMENTS – 99.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,996,602) |  | **10814056** |
| Other Assets in Excess of Liabilities – 0.1% |  | 7410 |
| **TOTAL NET ASSETS – 100.0%** |  | $**10821466** |

---

\* Non-income producing security. <br> (a) The rate is the annualized seven-day yield at period end.

ADR : American Depositary Receipt <br> JSC : Joint Stock Company

## 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:** Asian Growth Cubs ETF

- **b. EDGAR series identifier (if any):** S000071948

- **c. LEI of Series:** 549300AK5PF3QNEFUT05

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $10830385.07

**Total Liabilities:** $8918.87

**Net Assets:** $10821466.20

**Cash Not Reported:** $10615.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227565 | 4.91%                | -2.14%               | 6.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9208.54                | $484481.65                                 |
| Month 2  | $-439744.31              | $209616.26                                 |
| Month 3  | $9.14                    | $655795.07                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bank Central Asia Tbk PT              | Bank Central Asia Tbk PT                                         | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |    453500 | NS      | $256398.43    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitra Keluarga Karyasehat Tbk         | Mitra Keluarga Karyasehat Tbk PT                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   1239600 | NS      | $247258.44    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomberry Resorts Corp               | Bloomberry Resorts Corp                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1175100 | NS      | $198332.74    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Indonesia Tbk PT             | Unilever Indonesia Tbk PT                                        | CUSIP: 000000000<br>LEI: 549300MUHUFNRRI19O72 | Long             | EC               | CORP              | ID        |    820200 | NS      | $254978.79    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayala Corp                            | Ayala Corp                                                       | CUSIP: 000000000<br>LEI: 254900QJ68UH8GKNGI69 | Long             | EC               | CORP              | PH        |     19690 | NS      | $254831.91    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Pharmaceuticals Ltd/Ban        | Beacon Pharmaceuticals Ltd/Bangladesh                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BD        |     64297 | NS      | $185874.04    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Prodia Widyahusada Tbk PT             | Prodia Widyahusada Tbk PT                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    410100 | NS      | $147734.49    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of the Philippine Islands        | Bank of the Philippine Islands                                   | CUSIP: 000000000<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |    137820 | NS      | $264905.04    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ACEN Corp                             | ACEN Corp                                                        | CUSIP: 000000000<br>LEI: 549300LGUZQ61GQQXQ60 | Long             | EC               | CORP              | PH        |   1148500 | NS      | $147169.47    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk P        | Telkom Indonesia Persero Tbk PT                                  | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   1050400 | NS      | $269782.52    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Elang Mahkota Teknologi Tbk PT        | Elang Mahkota Teknologi Tbk PT                                   | CUSIP: 000000000<br>LEI: 254900EYBP9KM4RW7F31 | Long             | EC               | CORP              | ID        |   3636900 | NS      | $262031.49    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chularat Hospital PCL                 | Chularat Hospital PCL                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   2431243 | NS      | $294606.85    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAC Bank Ltd                         | BRAC Bank Ltd                                                    | CUSIP: 000000000<br>LEI: 254900EHCK80ARTPIK21 | Long             | EC               | CORP              | BD        |    417444 | NS      | $150553.57    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Medikaloka Hermina Tbk PT             | Medikaloka Hermina Tbk PT                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   1559500 | NS      | $161776.02    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DCVFMVN Diamond ETF                   | DCVFMVN Diamond ETF                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | VN        |   1042100 | NS      | $1075544.09   | 9.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Kalbe Farma Tbk PT                    | Kalbe Farma Tbk PT                                               | CUSIP: 000000000<br>LEI: 529900PRQI8S32HOE387 | Long             | EC               | CORP              | ID        |   1880600 | NS      | $258441.36    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| My EG Services Bhd                    | My EG Services Bhd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1231496 | NS      | $262711.45    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Beximco Pharmaceuticals Ltd           | Beximco Pharmaceuticals Ltd                                      | CUSIP: 000000000<br>LEI: 213800IMBBD6TIOQGB56 | Long             | EC               | CORP              | BD        |    104559 | NS      | $143199.30    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HDBank                                | Ho Chi Minh City Development Joint Stock Commercial Bank         | CUSIP: 000000000<br>LEI: 549300JA2AF0TMGHY210 | Long             | EC               | CORP              | VN        |    216700 | NS      | $172361.87    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                     | Grab Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |     77120 | NS      | $292284.80    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Renata Ltd                            | Renata Ltd                                                       | CUSIP: 000000000<br>LEI: 549300F8KTWERGJHZX69 | Long             | EC               | CORP              | BD        |     13265 | NS      | $151339.05    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Telecom Inc                     | Globe Telecom Inc                                                | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | EC               | CORP              | PH        |      6275 | NS      | $232035.15    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Khang Dien House Trading and I        | Khang Dien House Trading and Investment JSC                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    205850 | NS      | $245817.25    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Robina Corp                 | Universal Robina Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |    103310 | NS      | $260603.51    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| M Cash Integrasi PT                   | M Cash Integrasi PT                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    301200 | NS      | $146681.79    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Media Nusantara Citra Tbk PT          | Media Nusantara Citra Tbk PT                                     | CUSIP: 000000000<br>LEI: 254900Y0ZF75CIA04X94 | Long             | EC               | CORP              | ID        |   3256000 | NS      | $150961.97    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Converge Information and Commu        | Converge Information and Communications Technology Solutions Inc | CUSIP: 000000000<br>LEI: 254900CGJPNECN6ENN96 | Long             | EC               | CORP              | PH        |    965100 | NS      | $308817.87    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Thien Long Group Corp                 | Thien Long Group Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     71000 | NS      | $159880.58    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Neo Commerce Tbk PT              | Bank Neo Commerce Tbk PT                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   5140161 | NS      | $253750.44    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangladesh Submarine Cable Co         | Bangladesh Submarine Cable Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BD        |     76923 | NS      | $157737.19    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                               | Sea Ltd                                                          | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      4042 | NS      | $260506.90    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Saigon Beer Alcohol Beverage C        | Saigon Beer Alcohol Beverage Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     20300 | NS      | $163629.38    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                              | Fabrinet                                                         | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |      1969 | NS      | $259238.54    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vietnam Dairy Products JSC            | Vietnam Dairy Products JSC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     74800 | NS      | $245957.14    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontken Corp Bhd                     | Frontken Corp Bhd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    345992 | NS      | $266849.60    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Megaworld Corp                        | Megaworld Corp                                                   | CUSIP: 000000000<br>LEI: 254900P57OOZ5AY5C521 | Long             | EC               | CORP              | PH        |   3988000 | NS      | $154767.47    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Prime Holdings Inc                 | SM Prime Holdings Inc                                            | CUSIP: 000000000<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |    397200 | NS      | $268302.23    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Viet Capital Securities JSC           | Viet Capital Securities JSC                                      | CUSIP: 000000000<br>LEI: 254900HKR2EAQLPDRS52 | Long             | EC               | CORP              | VN        |    214290 | NS      | $273260.30    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio | Invesco Government & Agency Portfolio                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    110399 | NS      | $110399.36    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitra Adiperkasa Tbk PT               | Mitra Adiperkasa Tbk PT                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   2834700 | NS      | $245837.89    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bukalapak.com PT Tbk                  | Bukalapak.com PT Tbk                                             | CUSIP: 000000000<br>LEI: 89450012N75X9LCSQB06 | Long             | EC               | CORP              | ID        |  13768400 | NS      | $266366.64    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Indofood CBP Sukses Makmur Tbk        | Indofood CBP Sukses Makmur Tbk PT                                | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | EC               | CORP              | ID        |    374300 | NS      | $252196.80    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Square Pharmaceuticals Ltd            | Square Pharmaceuticals Ltd                                       | CUSIP: 000000000<br>LEI: 254900R3NU1J5X39Y909 | Long             | EC               | CORP              | BD        |     76602 | NS      | $150548.94    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vingroup JSC                          | Vingroup JSC                                                     | CUSIP: 000000000<br>LEI: 254900MJ9C15O3O1V757 | Long             | EC               | CORP              | VN        |     95749 | NS      | $233170.61    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mega Lifesciences PCL                 | Mega Lifesciences PCL                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    186134 | NS      | $294622.89    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-17

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

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** Chief Compliance Officer