0001752724-19-118659.txt : 20190905 0001752724-19-118659.hdr.sgml : 20190905 20190905094641 ACCESSION NUMBER: 0001752724-19-118659 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190905 DATE AS OF CHANGE: 20190905 EFFECTIVENESS DATE: 20190905 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: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22700 FILM NUMBER: 191076329 BUSINESS ADDRESS: STREET 1: 3555 NW 58TH STREET STREET 2: SUITE 410 CITY: OKLAHOMA CITY STATE: OK ZIP: 73112 BUSINESS PHONE: 405-778-8377 MAIL ADDRESS: STREET 1: 3555 NW 58TH STREET STREET 2: SUITE 410 CITY: OKLAHOMA CITY STATE: OK ZIP: 73112 FORMER COMPANY: FORMER CONFORMED NAME: Exchange Traded Concepts Trust II DATE OF NAME CHANGE: 20120420 0001547950 S000061845 High Yield ETF C000200224 High Yield ETF HYLD N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001547950 XXXXXXXX 811-22700 false false false N-1A S000061845 true Exchange Listed Funds Trust 811-22700 0001547950 549300NACQI9T12KM079 10900 Hefner Pointe Drive Suite 207 Oklahoma City 73120 US-OK US 405-778-8377 UMB Fund Services, Inc. 235 West Galena Street Milwaukee 53212 414-299-2000 Records relating to its function as administrator Foreside Fund Services, LLC Three Canal Plaza Suite 100 Portland 04101 207-553-7111 Records relating to its function as distributor Exchange Traded Concepts, LLC 10900 Hefner Point Drive Suite 207 Oklahoma City 73120 405-943-9433 Records relating to its function as registrant and adviser The Bank of New York Mellon 240 Greenwich Street New York 10286 1-212-495-1784 Records relating to its function as custodian and administrator MACKAY SHIELDS LLC 1345 Avenue of the Americas New York 10105 212-758-5400 Records relating to its function as sub-advisor N N N N-1A 7 Y David M. Mahle N/A N Richard Hogan N/A Y Timothy J. Jacoby N/A N Patrick Keniston N/A Three Canal Plaza Suite 100 Portland 04101 XXXXXX N N N N N N Foreside Fund Services, LLC 008-51293 000046106 N/A N N Cohen & Company, Ltd. 925 N/A N N N N N N N High Yield ETF S000061845 5493001PL71QQSRU0550 N 0 0 0 Exchange-Traded Fund N N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N Exchange Traded Concepts, LLC 801-70485 000151197 549300BB5DRIKK8VVV91 N MACKAY SHIELDS LLC 801-5594 000107717 549300Y7LLCOFU7R8H16 N Peritus I Asset Management, LLC 801-63044 000131327 N/A 2018-09-03 PhaseCapital LP 801-79405 000160153 549300EN0UFKT9XY4U76 2019-04-15 The Bank of New York Mellon 084-01761 HPFHU0OQ28E4N0NFVK49 N N N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N UMB Fund Services, Inc. 084-05792 SEC FILE NUMBER N N N JEFFERIES LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 1307.74000000 1308.00000000 MORGAN STANLEY & CO. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 12754508.86000000 BARCLAYS CAPITAL, INC. 008-41342 000019714 AC28XWWI3WIBK2824319 3965817.50000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 18288870.98000000 RBC CAPITAL MARKETS LLC 008-45411 000031194 549300LCO2FLSSVFFR64 7065588.75000000 GOLDMAN SACHS & CO. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 18275607.43000000 JEFFERIES LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 43807566.00000000 CREDIT SUISSE SECURITIES (USA) LLC 008-00422 000000816 1V8Y6QCX6YMJ2OELII46 12045568.88000000 BOFA SECURITIES, INC. 008-69787 000283942 549300HN4UKV1E2R3U73 47537267.51000000 ROBERT W BAIRD & CO. INC. 008-00497 000008158 549300772UJAHRD6LO53 32390796.00000000 IMPERIAL CAPITAL, LLC 008-50397 000043744 549300I8X15KSI64Y307 5048287.50000000 222612752.00000000 N 163188795.00000000 0.00000000 N N N N High Yield ETF S000061845 Y 50000.00000000 27.25000000 36.91000000 72.75000000 36.91000000 65.14000000 40.18000000 34.86000000 40.18000000 0.00000000 500.00000000 0.00000000 0.00000000 500.00000000 0.00000000 0.00000000 500.00000000 0.00000000 0.00000000 500.00000000 0.00000000 N false false true false false false INTERNAL CONTROL RPT 2 internalcontrolrpt_47.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of High Yield ETF and

Board of Trustees of Exchange Listed Funds Trust

In planning and performing our audit of the financial statements of High Yield ETF (formerly known as Peritus High Yield ETF), (the “Fund”), a series of Exchange Listed Funds Trust, as of and for the year ended June 30, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of June 30, 2019.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

COHEN & COMPANY, LTD.

Chicago, Illinois

August 28, 2019