A new kind of partially coherent beam with non-conventional correlation function named elliptical Laguerre-Gaussian correlated Schell-model (LGCSM) beam is introduced. Analytical propagation formula for an elliptical LGCSM beam passing through a stigmatic ABCD optical system is derived. The elliptical LGCSM beam exhibits unique features on propagation, e.g., its intensity in the far field (or in the focal plane) displays an elliptical ring-shaped beam profile, being qualitatively different from the circular ring-shaped beam profile of the circular LGCSM beam. Furthermore, we carry out experimental generation of an elliptical LGCSM beam with controllable ellipticity, and measure its focusing properties. Our experimental results are consistent with the theoretical predictions. The elliptical LGCSM beam will be useful in atomic optics.