# EDGAR Filing Document

**Accession Number:** 0001547950
**File Stem:** 0001213900-25-068127
**Filing Date:** 2025-7
**Character Count:** 3472
**Document Hash:** d3ffe87bf50f0b18ef3dce94482d9c0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-068127.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0001213900-25-068127

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250728

**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:** CORRESP

**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

[Chapman and Cutler LLP Letterhead]

July 28, 2025

<u>VIA EDGAR CORRESPONDENCE</u>

Christina DiAngelo Fettig <br> United States Securities and Exchange Commission<br> 100 F Street, N.E.<br> Washington, D.C. 20549

Re: <u>SOX Review of Exchange Listed Funds Trust<br> (File No. 811-22700)</u>

Dear Ms. DiAngelo Fettig:

This letter responds to the follow-up comments provided by the staff of the Securities and Exchange Commission (the *"Staff"*) on July 16, 2025 via telephone, pursuant to Section 408 of the Sarbanes-Oxley Act of 2002, regarding Saba Closed-End Funds ETF (the *"Fund"*), a series of Exchange Listed Funds Trust (the *"Trust"*). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Fund's Annual Report for the fiscal year ended November 30, 2024 (the *"Annual Report"*) as filed on Form N-CSR and Form N-CSR/A with the Staff on February 4, 2025 and April 1, 2025.

Comment 1 – Annual Shareholder Report

Item 27A(d)(3) of Form N-1A states:

If the Fund has a policy or practice of maintaining a specified level of distributions to shareholders, disclose if the Fund was unable to meet the specified level of distributions during the reporting period. Also discuss the extent to which the Fund's distribution policy resulted in distributions of capital.

Please supplement your previous response to address the latter part of the disclosure and ensure appropriate disclosures are included in the Fund's annual shareholder report to also discuss the extent to which the Fund's distribution policy resulted in distributions of capital.

Response to Comment 1

The Trust confirms that it will add the requested disclosure in future annual shareholder reports to the extent the Fund's distribution policy resulted in distributions of capital.

Comment 2 – Form N-CSR

The Staff notes the Fund is required to post Items 7-11 of Form N-CSR to the Fund's website. *See* 17 CFR §270.30e-1. The Staff further notes that items 8-10 do not appear to be included in the materials posted on the Fund's website.

Response to Comment 2

The Trust confirms that Items 8-10 will be separately included under Financials and Other Information on the Fund's website.

\*\*\*\*\*\*\*\*

Please call me at (312) 845-3484 if you have any questions or issues you would like to discuss regarding these matters.

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| | |
|:---|:---|
| Sincerely yours, | Sincerely yours, |
| Chapman and Cutler llp | Chapman and Cutler llp |
| By: | /s/ Morrison C. Warren |
|  | Morrison C. Warren |

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