Exhibit (h)(2)
SCHEDULE A
to the
ETF Master Services Agreement
between
Exchange Listed Funds Trust
and
Ultimus Fund Solutions, LLC
dated December 5, 2023
Fund Portfolio(s)
Exchange Traded Concepts, LLC advised Fund(s) subadvised by II Technology, LLC
Armor Core Risk-Managed ETF
Exchange Traded Concepts, LLC advised Fund(s)
subadvised by Bancreek Capital Advisors, LLC
Bancreek U.S. Large Cap ETF
Bancreek International Large Cap ETF
Bancreek Global Select ETF
Exchange Traded Concepts, LLC advised Fund(s)
subadvised by Cabana Asset Management
Cabana Target Drawdown 10 ETF
Cabana Target Beta ETF
Cabana Target Leading Sector Moderate ETF
Exchange Traded Concepts, LLC advised Fund(s)
subadvised by Long Pond Capital, LP
Long Pond Real Estate Select ETF
Exchange Traded Concepts, LLC advised Fund(s)
subadvised by Saba Capital Management, L.P.
Saba Closed-End Funds ETF
Exchange Traded Concepts, LLC advised Fund(s)
Climate Resilient REIT Index ETF
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF
QRAFT AI-Enhanced U.S. Large Cap ETF
LG QRAFT AI-Powered US Large Cap Core ETF
Stratified LargeCap Index ETF
Stratified LargeCap Hedged ETF
Exchange Traded Concepts, LLC advised “PLUS” Branded Fund(s)
PLUS Korea Defense Industry Index ETF
PLUS Korea Manufacturing Core Alliance Index ETF
Signatures are located on the next page.
| Schedule A to | |
| Ultimus ETF Master Services Agreement | A-2 |
The parties duly executed this Schedule A as of January 1, 2026.
| Exchange Listed Funds Trust | Ultimus Fund Solutions, LLC | |||
| By: | /s/ Richard Malinowski | By: | /s/ Gary Tenkman | |
| Name: | Richard Malinowski | Name: | Gary Tenkman | |
| Title: | President | Title: | Chief Executive Officer | |
| Schedule A to | |
| Ultimus ETF Master Services Agreement | A-3 |