# EDGAR Filing Document

**Accession Number:** 0001547950
**File Stem:** 0001213900-25-092213
**Filing Date:** 2025-9
**Character Count:** 13270
**Document Hash:** ef0e00450391e138048d7aae8568fd31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-092213.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001213900-25-092213

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**EFFECTIVENESS DATE**: 20250926

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-180871
- **FILM NUMBER:** 251349757

**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

### Saba Closed-End Funds ETF (Series ID: S000056657)

---

|  |  |  |
|:---|:---|:---|
| Class Name                | Ticker Symbol | Class ID   |
| Saba Closed-End Funds ETF | CEFS          | C000179256 |

---

### QRAFT AI-Enhanced U.S. Large Cap ETF (Series ID: S000065357)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| QRAFT AI-Enhanced U.S. Large Cap ETF | QRFT          | C000211432 |

---

### QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (Series ID: S000065358)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                    | Ticker Symbol | Class ID   |
| QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | AMOM          | C000211433 |

---

### ETC Cabana Target Beta ETF (Series ID: S000068387)

---

|  |  |  |
|:---|:---|:---|
| Class Name                 | Ticker Symbol | Class ID   |
| ETC Cabana Target Beta ETF | TDSB          | C000218791 |

---

### ETC Cabana Target Drawdown 10 ETF (Series ID: S000068388)

---

|  |  |  |
|:---|:---|:---|
| Class Name                        | Ticker Symbol | Class ID   |
| ETC Cabana Target Drawdown 10 ETF | TDSC          | C000218792 |

---

### ETC Cabana Target Leading Sector Moderate ETF (Series ID: S000072148)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                    | Ticker Symbol | Class ID   |
| ETC Cabana Target Leading Sector Moderate ETF | CLSM          | C000227938 |

---

### LG QRAFT AI-Powered U.S. Large Cap Core ETF (Series ID: S000082989)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| LG QRAFT AI-Powered U.S. Large Cap Core ETF | LQAI          | C000246458 |

---

### Bancreek U.S. Large Cap ETF (Series ID: S000083459)

---

|  |  |  |
|:---|:---|:---|
| Class Name                  | Ticker Symbol | Class ID   |
| Bancreek U.S. Large Cap ETF | BCUS          | C000247101 |

---

### Bancreek International Large Cap ETF (Series ID: S000084270)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| Bancreek International Large Cap ETF | BCIL          | C000248559 |

---

### Stratified LargeCap Hedged ETF (Series ID: S000084822)

---

|  |  |  |
|:---|:---|:---|
| Class Name                     | Ticker Symbol | Class ID   |
| Stratified LargeCap Hedged ETF | SHUS          | C000249322 |

---

### Stratified LargeCap Index ETF (Series ID: S000084823)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| Stratified LargeCap Index ETF | SSPY          | C000249323 |

---

### Long Pond Real Estate Select ETF (Series ID: S000085894)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| Long Pond Real Estate Select ETF | LPRE          | C000251293 |

---

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

---

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

---

## Series and Classes Contracts Data

### Saba Closed-End Funds ETF (Series ID: S000056657)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000179256 | Saba Closed-End Funds ETF | CEFS            |

### QRAFT AI-Enhanced U.S. Large Cap ETF (Series ID: S000065357)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000211432 | QRAFT AI-Enhanced U.S. Large Cap ETF | QRFT            |

### QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (Series ID: S000065358)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000211433 | QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | AMOM            |

### ETC Cabana Target Beta ETF (Series ID: S000068387)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000218791 | ETC Cabana Target Beta ETF | TDSB            |

### ETC Cabana Target Drawdown 10 ETF (Series ID: S000068388)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000218792 | ETC Cabana Target Drawdown 10 ETF | TDSC            |

### ETC Cabana Target Leading Sector Moderate ETF (Series ID: S000072148)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000227938 | ETC Cabana Target Leading Sector Moderate ETF | CLSM            |

### LG QRAFT AI-Powered U.S. Large Cap Core ETF (Series ID: S000082989)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000246458 | LG QRAFT AI-Powered U.S. Large Cap Core ETF | LQAI            |

### Bancreek U.S. Large Cap ETF (Series ID: S000083459)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000247101 | Bancreek U.S. Large Cap ETF | BCUS            |

### Bancreek International Large Cap ETF (Series ID: S000084270)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000248559 | Bancreek International Large Cap ETF | BCIL            |

### Stratified LargeCap Hedged ETF (Series ID: S000084822)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000249322 | Stratified LargeCap Hedged ETF | SHUS            |

### Stratified LargeCap Index ETF (Series ID: S000084823)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000249323 | Stratified LargeCap Index ETF | SSPY            |

### Long Pond Real Estate Select ETF (Series ID: S000085894)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000251293 | Long Pond Real Estate Select ETF | LPRE            |

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

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

**EXCHANGE LISTED FUNDS TRUST**

**Bancreek U.S. Large Cap ETF (NYSE Arca Ticker: BCUS)**

**Bancreek International Large Cap ETF (NYSE Arca Ticker: BCIL)**

**ETC Cabana Target Beta ETF (Nasdaq Stock Market Ticker: TDSB)**

**ETC Cabana Target Drawdown 10 ETF (Nasdaq Stock Market Ticker: TDSC)**

**ETC Cabana Target Leading Sector Moderate ETF (Nasdaq Stock Market Ticker: CLSM)**

**QRAFT AI-Enhanced U.S. Large Cap ETF (NYSE Arca Ticker: QRFT)**

**QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSE Arca Ticker: AMOM)**

**LG QRAFT AI-Powered U.S. Large Cap Core ETF (NYSE Arca Ticker: LQAI)**

**Saba Closed-End Funds ETF (Cboe BZX Exchange Ticker: CEFS)**

**Long Pond Real Estate Select ETF (NYSE Arca Ticker: LPRE)**

**Stratified LargeCap Index ETF (NYSE Arca Ticker: SSPY)**

**Stratified LargeCap Hedged ETF (NYSE Arca Ticker: SHUS)**

**PLUS Korea Defense Industry ETF (NYSE Arca Ticker: KDEF)**

 

**(each, a "Fund" and collectively, the "Funds")**

 

**Supplement dated September 26, 2025, to each Fund's currently effective**

**Statement of Additional Information ("SAI")**

**This supplement provides new and additional information beyond that contained in the SAI for each Fund and should be read in conjunction with those documents.**

 

*Effective immediately, as approved by the Board of Trustees of Exchange Listed Funds Trust on September 24, 2025, the paragraph titled "Officers" in the section of each Fund's SAI titled "MANAGEMENT OF THE TRUST" is deleted in its entirety and replaced with:*

 

**Officers.** Set forth below is information about each of the persons currently serving as officers of the Trust. The address of Richard Malinowski, Andrew Serowik, Christopher Roleke, Matthew Fleischer and Heather Nichols is c/o Exchange Listed Funds Trust, 10900 Hefner Pointe Drive, Suite 400, Oklahoma City, Oklahoma 73120; and the address of Sam Singh is Ultimus Fund Solutions, LLC, 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.

 

*The table in the section of each Fund's SAI titled "MANAGEMENT OF THE TRUST" listing the Interested Trustee is amended as follows:*

 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Name and<br> Year of<br> Birth** | &nbsp;&nbsp; **Position(s)<br> Held with<br> the Trust** | &nbsp;&nbsp;**Term of<br> Office and<br> Length of<br> Time Served<sup>1</sup>** | &nbsp;&nbsp;**Principal Occupation(s)<br> During Past 5 Years** | &nbsp;&nbsp;**Number of<br> Portfolios in Fund<br> Complex<sup>2</sup> Overseen By<br> Trustee** | &nbsp;&nbsp; **Other<br> Directorships<br> Held by Trustee<br> During the Past 5<br> Years** |
| &nbsp;&nbsp;**Interested Trustee<sup>3</sup>** | &nbsp;&nbsp;**Interested Trustee<sup>3</sup>** | &nbsp;&nbsp;**Interested Trustee<sup>3</sup>** | &nbsp;&nbsp;**Interested Trustee<sup>3</sup>** | &nbsp;&nbsp;**Interested Trustee<sup>3</sup>** | &nbsp;&nbsp;**Interested Trustee<sup>3</sup>** |
| &nbsp;&nbsp; J. Garrett Stevens<br> (1979) | &nbsp;&nbsp;Trustee | &nbsp;&nbsp;Trustee since 2023 | &nbsp;&nbsp;Chief Business Officer, Exchange Traded Concepts, LLC (since 2025); Investment Adviser/Vice President, T.S. Phillips Investments, Inc. (since 2000); Chief Executive Officer, Exchange Traded Concepts, LLC (2009 to 2025) | &nbsp;&nbsp;38 |  |

---

*<sup>1</sup> Each Trustee shall serve during the continued life of the Trust until he or she dies, resigns, is declared bankrupt or incompetent by a court of competent jurisdiction, or is removed.*

*<sup>2</sup> The fund complex includes each series of the Trust and of Exchange Traded Concepts Trust.* 

*<sup>3</sup> Mr. Stevens is an "interested person" of the Trust, as that term is defined in the 1940 Act, by virtue of his employment with, and ownership interest in, the Adviser.*

*The table in the section of each Fund's SAI titled "MANAGEMENT OF THE TRUST" listing the Officers is amended and restated in its entirety:*

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name <br> and Year of<br> Birth** | &nbsp;&nbsp; **Position(s)<br> Held with**<br> **the Trust** | &nbsp;&nbsp;**Term of<br> Office and<br> Length of<br> Time Served<sup>1</sup>** | &nbsp;&nbsp; **Principal Occupation(s)** <br> **During Past 5 Years** |
| &nbsp;&nbsp; Richard Malinowski<br> (1983) | &nbsp;&nbsp; President<br> Secretary | &nbsp;&nbsp; Since 2025<br> Since 2022 | &nbsp;&nbsp;Co-Chief Executive Officer, Exchange Traded Concepts, LLC (since 2025), General Counsel, Exchange Traded Concepts, LLC (since 2022); Senior Vice President and Senior Managing Counsel, Ultimus Fund Solutions LLC, (2020 to 2022); Senior Vice President, Ultimus Fund Solutions LLC (2017 to 2020). |
| &nbsp;&nbsp;Andrew Serowik <br> (1976) | &nbsp;&nbsp;Vice President | &nbsp;&nbsp;Since 2024 | &nbsp;&nbsp;Co-Chief Executive Officer, Exchange Traded Concepts, LLC (since 2025); Portfolio Manager, Exchange Traded Concepts, LLC (since 2018). |
| &nbsp;&nbsp; Christopher Roleke<br> (1972) | &nbsp;&nbsp;Treasurer | &nbsp;&nbsp;Since 2012 | &nbsp;&nbsp;Controller, Exchange Traded Concepts, LLC (since 2022); Managing Director/Fund Principal Financial Officer, Foreside Management Services, LLC (2011 to 2022). |
| &nbsp;&nbsp; Matthew Fleischer<br> (1983) | &nbsp;&nbsp;Chief Compliance Officer | &nbsp;&nbsp;Since 2021 | &nbsp;&nbsp;Chief Compliance Officer, Exchange Traded Concepts Trust (since 2021); Vice President, Compliance, Goldman Sachs Group, Inc., Goldman Sachs Asset Management Funds (2017 to 2021). |
| &nbsp;&nbsp; Heather Nichols<br> (1983) | &nbsp;&nbsp;Assistant Secretary | &nbsp;&nbsp;Since 2023 | &nbsp;&nbsp;Counsel, Exchange Traded Concepts, LLC (since 2023); Principal, HND Compliance and Regulatory Services, LLC (2015 to 2023). |
| &nbsp;&nbsp;Sam Singh<br> (1976) | &nbsp;&nbsp;Assistant Treasurer | &nbsp;&nbsp;Since 2025 | &nbsp;&nbsp;Vice President of Fund Administration at Ultimus Fund Solutions, LLC (since 2011). |

---

<sup>1</sup> Each officer serves at the pleasure of the Board.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.**