Fund Description: James Biblically Responsible Investment ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Exchange Listed Funds Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The James Biblically Responsible Investment ETF seeks to provide investment returns that closely correspond to the price and yield performance of the James Biblically Responsible Investment Index Index. INDEX DESCRIPTION: The James Biblically Responsible Investment Index is designed to measure the performance of a portfolio of large and mid-capitalization U.S. stocks of biblically responsible issuers, as determined by S-Network Global Indexes, Inc. (the Index Provider). The companies included in the Index are selected from the universe of companies represented by the eVALUEator Biblically Responsible Index (BIBLX), an index which uses a rules-based, biblically responsible screening tool developed by eVALUEator Services, LLC to determine BIBLX constituents. BIBLX is composed of companies that, of the 1000 largest companies by capitalization listed in the U.S., are not involved in practices and products the Index Provider deems objectionable from a biblical perspective, including abortion, entertainment (i.e., companies with products or practices that promote sexually graphic, violent, profane material; glorify the use of drugs and alcohol; or create propaganda or content intended to undermine positive family values parents are trying to instill in their children), pornography, lifestyle (i.e., companies with products or practices that promote gay, lesbian, bisexual, transgender/transsexual, or questioning lifestyles, including through advertisements or marketing campaigns targeted to those with such lifestyles), alcohol, rights (i.e., companies that use methods to support terrorist organizations, undermine human rights, undermine workers’ rights, or persecute Christians), tobacco, and gambling. eVALUEator’s rules-based screens identify companies that are involved in such practices and products and excludes them from the BIBLX. The Index is reconstituted quarterly. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities of the Index. The Fund employs a passive management investment strategy designed to track the performance of the Index. A replication methodology is used to invest in all of the securities composing the Index in proportion to their respective weightings in the Index. However, a sampling methodology may be utilized under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. The Fund may invest up to 20% of its total assets in investments that are not included in the Index. FUND MANAGEMENT: Exchange Traded Concepts, LLC serves as the investment adviser to the Fund. Penserra Capital Management LLC serves as the sub-adviser to the Fund.