Exhibit (d)(2)
SCHEDULE A
Revised February 3, 2026 to
the
ADVISORY AGREEMENT
Dated June 12, 2015 between
EXCHANGE LISTED FUNDS TRUST
and
EXCHANGE TRADED CONCEPTS, LLC
The Trust will pay to the Adviser, as compensation for the Adviser’s services rendered, a fee computed daily at an annual rate based on the average daily net assets of the respective Fund in accordance the following fee schedule:
| Fund | Rate | Effective Date |
| Saba Closed-End Funds ETF | 110 bps | March 15, 2017 |
| QRAFT AI-Enhanced U.S. Large Cap ETF | 75 bps | May 1, 2019 |
| QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 75 bps | May 1, 2019 |
| Cabana Target Beta ETF | 80 bps | September 4, 2020 |
| Cabana Target Drawdown 10 ETF | 80 bps | September 4, 2020 |
| Cabana Target Leading Sector Moderate ETF | 80 bps | July 2, 2021 |
| LG QRAFT AI-Powered U.S. Large Cap Core ETF | 75 bps | November 1, 2023 |
| Bancreek U.S. Large Cap ETF | 80 bps | December 18, 2023 |
| Bancreek International Large Cap ETF | 90 bps | March 8, 2024 |
| Stratified LargeCap Index ETF | 45 bps | September 19, 2024 |
| Stratified LargeCap Hedged ETF | 95 bps | September 19, 2024 |
| Long Pond Real Estate Plus ETF | 100 bps | September 26, 2024 |
| PLUS Korea Defense Industry Index ETF | 65 bps | December 10, 2024 |
| Bancreek Global Select ETF | 90 bps | Effective as of Effective Date of Registration Statement |
| ARMOR Core Risk-Managed ETF | 60 bps | Effective as of Effective Date of Registration Statement |
| Climate Global - Climate Resilient REIT Index ETF | 90 bps on the first $500 million of AUM; 80 bps on the next $500 million of AUM; 70 bps on the next $1,000 million of AUM; 60 bps on AUM above $2 billion | Effective as of Effective Date of Registration Statement |
| Exchange Listed Funds Trust: | Exchange Traded Concepts, LLC | |
| /s/ Richard Malinowski | /s/ Richard Malinowski | |
| Richard Malinowski, President | Richard Malinowski, Co-CEO |