# EDGAR Filing Document

**Accession Number:** 0001547950
**File Stem:** 0000910472-25-003986
**Filing Date:** 2025-11
**Character Count:** 7976
**Document Hash:** bc76c070d6ff811bdc167f490088c2df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003986.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000910472-25-003986

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**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:** 251517388

**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

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

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

## Nport-Ex

Ow I

---

| | | | |
|:---|:---|:---|:---|
| **STRATIFIED LARGECAP HEDGED ETF <br> SCHEDULE OF INVESTMENTS (Unaudited) <br> September 30, 2025** | **STRATIFIED LARGECAP HEDGED ETF <br> SCHEDULE OF INVESTMENTS (Unaudited) <br> September 30, 2025** |  |  |
| **Exchange-Traded Funds — 99.6%** | **Exchange-Traded Funds — 99.6%** | **<u>Shares</u>** | **<u>Fair Value</u>** |
| **Equity** — **99.6%** | **Equity** — **99.6%** |  |  |
| Stratified LargeCap Index ETF <sup>(c) (d)</sup> | Stratified LargeCap Index ETF <sup>(c) (d)</sup> | &nbsp;&nbsp;&nbsp; 291781 | $25328487 |
| **Total Exchange-Traded Funds**<br> **(Cost $22,411,698)** | **Total Exchange-Traded Funds**<br> **(Cost $22,411,698)** |  | **25328487** |
| **Purchased Options** – **0.7%** | **<u>Notional</u>** | **<u>Contracts</u> <sup>(b)</sup>** |  |
| **Put Options – 0.7%** | **Put Options – 0.7%** |  |  |
| S&P 500 Index<sup>(a)</sup>, Expiration: | S&P 500 Index<sup>(a)</sup>, Expiration: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 19, 2025, Strike $5,975 | $25416148 | 38 | &nbsp;&nbsp;&nbsp;&nbsp;164920 |
| **Total Purchased Options** <br> **(Cost $181,527)** | **Total Purchased Options** <br> **(Cost $181,527)** |  |  |
| **Total Purchased Options** <br> **(Cost $181,527)** | **Total Purchased Options** <br> **(Cost $181,527)** |  | **164920** |
| **Total Investments — 100.3%** | **Total Investments — 100.3%** |  |  |
| **(Cost $22,593,225)** | **(Cost $22,593,225)** |  | **25493407** |
| **Written Options** – **(0.3)%** | **<u>Notional</u>** | **<u>Contracts</u> <sup>(b)</sup>** |  |
| **Put Options – (0.3)%** |  |  |  |
| S&P 500 Index<sup>(a)</sup>, Expiration: | S&P 500 Index<sup>(a)</sup>, Expiration: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 19, 2025, Strike $5,300 | $(25416148) | (38) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60990) |
| **Total Written Options** <br> **(Premiums received $68,513)** |  |  | **(60990)** |
| **Liabilities in Excess of Other Assets — (0.0)%**<sup>(e)</sup> | **Liabilities in Excess of Other Assets — (0.0)%**<sup>(e)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8117) |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** |  | **$25424300** |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | 100 shares per contract. |
| <sup>(c)</sup> | Affiliated issuer. |
| <sup>(d)</sup> | A copy of the security's annual report to shareholders may be obtained without charge at www.stratifiedfunds.com/sspy |
| <sup>(e)</sup> | Percentage rounds to greater than (0.1)%. |

---

## 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:** Stratified LargeCap Hedged ETF

- **b. EDGAR series identifier (if any):** S000084822

- **c. LEI of Series:** 529900BC4OLE6HSZFY38

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $25543144.97

**Total Liabilities:** $118845.03

**Net Assets:** $25424299.94

**Cash Not Reported:** $181.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249322 | 0.43%                | 3.05%                | 1.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74036.64                | $87121.90                                  |
| Month 2  | $0.00                    | $772402.67                                 |
| Month 3  | $-77.90                  | $381474.48                                 |

**Designated Index Information**

- **Index Name:** Stratified LargeCap Hedged ETF_Ex deriv

- **Index Identifier:** Stratified LargeCap Hedged ETF_Ex deriv

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Exchange Listed Funds Trust | STRATIFIED LCAP INDEX ETF | CUSIP: 30151E533<br>LEI: 549300NACQI9T12KM079 | Long             | EC               | RF                | US        |    291781 | NS      | $25328487.38  | 99.62%            |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE           | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |      1793 | PA      | $1792.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                         | SPX US 12/19/25 P5975     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        38 | NC      | $164920.00    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                         | SPX US 12/19/25 P5300     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -38 | NC      | $-60990.00    | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Chris Roleke

**Name of Signer:** Chris Roleke

**Title:** Treasurer