Exchange Listed Funds Trust

10/02/2026 | Press release | Distributed by Public on 10/02/2026 14:23

Prospectus by Investment Company (Form 497)

Rule 497(e)

File No. 333-180871

EXCHANGE LISTED FUNDS TRUST

Saba Opportunistically Hedged Closed-End Funds ETF (Cboe BZX Ticker: CEFS)

(the "Fund")

Supplement dated October 2, 2026, to the Fund's currently effective

Prospectus and Statement of Additional Information ("SAI")

This supplement provides new and additional information beyond that contained in the Prospectus and SAI and should be read in conjunction with those documents.

Effective September 25, 2026, the Fund will pay distributions from net investment income quarterly rather than monthly. All references to the Fund's such distribution frequency in the Prospectus and SAI are changed to quarterly.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

Exchange Listed Funds Trust published this content on October 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 02, 2026 at 20:23 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]