ALPS Emerging Sector Dividend Dogs ETF Fund Update | December 31, 2015 EDOG Index Country Allocations ASIA PACIFIC EASTERN EUROPE SOUTH & CENTRAL AMERICA Indonesia - 11.02% Poland - 10.70% Brazil - 8.82% China - 10.19% Turkey - 7.89% Chile - 4.16% Malaysia - 9.94% Russia - 7.55% Columbia - 4.11% Thailand - 8.89% Czech Republic - 2.00% AFRICA/MIDDLE EAST CENTRAL ASIA South Africa - 10.67% Allocations as of 12/31/15 and are subject to change. India - 4.06% INDEX CONSTITUENTS as of 12/31/15 CONSUMER DISCRETIONARY ASTRO MK BEC TB IPL SJ TOASO TI UMWH MK Astro Malaysia Holdings Bhd BEC World Public Co Ltd Imperial Holdings Ltd Tofas Turk Otomobil Fabrika UMW Holdings Bhd CONSUMER STAPLES EXITO CB ROTH MK CBD US INDF IJ NATU3 BZ Almacenes Exito SA British American Tobacco Bhd Cia Brasileira de Dis-Sp Prf Indofood Sukses Makmur Tbk P Natura Cosmeticos SA ENERGY 2883 HK 1088 HK EC US OGZD LI LKOD LI BDMS TB RDY US KLBF IJ LHC SJ NTC SJ TELECOMMUNICATION SERVICES Bangkok Dusit Med Service Doctor Reddy's Lab-ADR Kalbe Farma Tbk PT Life Healthcare Group Holdin Netcare Ltd BTS TB SIME MK 2386 HK TTRAK TI UNTR IJ China Oilfield Services-H China Shenhua Energy Co-H Ecopetrol SA-Sponsored ADR Gazprom PAO-Spon ADR LUKOIL PJSC-Spon ADR DELTA TB INFY US 992 HK SONDA CI TOTS3 BZ MBT US MTN SJ VIV US DTAC TB TCELL TI Mobile Telesystems-Sp ADR MTN Group Ltd Telefonica Brasil-ADR Total Access Communication Turkcell Iletisim Hizmet AS UTILITIES INDUSTRIALS BTS Group Holdings pcl Sime Darby Berhad Sinopec Engineering Group-H Turk Traktor ve Ziraat Makin United Tractors Tbk PT INFORMATION TECHNOLOGY Delta Electronics Thai PCL Infosys Ltd-Sp ADR Lenovo Group Ltd Sonda SA Totvs SA AESGENER CI CEZ CP PGAS IJ PGE PW YTLP MK AES Gener SA CEZ AS Perusahaan Gas Negara Perser PGE SA YTL Power International Bhd Source: Bloomberg Subject to change. MATERIALS FINANCIALS BHW PW PEO PW CML SJ 2007 HK PZU PW HEALTH CARE Bank Handlowy w Warszawie SA Bank Pekao SA Coronation Fund Managers Ltd Country Garden Holdings Co Powszechny Zaklad Ubezpiecze CSNA3 BZ EREGL TI INTP IJ MNOD LI SNS PW Cia Siderurgica Nacional SA Eregli Demir ve Celik Fabrik Indocement Tunggal Prakarsa MMC Norilsk Nickel PJSC-ADR Synthos SA IMPORTANT DISCLOSURES & DEFINITIONS An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contain this and other information call 866.675.2639 or visit www.alpsfunds.com. Read the prospectus carefully before investing. ALPS Emerging Sector Dividend Dogs ETF Shares are not individually redeemable. Investors buy and sell shares of the ALPS Emerging Sector Dividend Dogs ETF on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 50,000 shares. There are risks involved with investing in ETFs including the loss of money. Additional information regarding the risks of this investment is available in the prospectus. The Fund is subject to the additional risks associated with concentrating its investments in companies in the market sector. Diversification does not eliminate the risk of experiencing investment losses. The Fund’s investments in non-U.S.

issuers may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S.

issuers. In addition, adverse political, economic or social developments could undermine the value of the Fund’s investments or prevent the Fund from realizing the full value of its investments. Financial reporting standards for companies based in foreign markets differ from those in the United States.

Finally, the value of the currency of the country in which the Fund has invested could decline relative to the value of the U.S. dollar, which may affect sdog@alpsinc.com | 866.675.2639 the value of the investment to U.S. investors.

An investor cannot invest directly in an index. Investing in emerging markets accentuates these risks. The S-Network® Emerging Sector Dividend Dogs Index (Ticker: EDOGX) is a portfolio of stocks derived from a universe of mainly large capitalization stocks domiciled in emerging markets (the “S-Network® Emerging Markets Index” “SNEMX”). The EDOGX methodology selects the five stocks in each of the ten GICS sectors that make up the universe which offer the highest dividend yields as of the last trading day of November.

The fifty stocks that are selected for inclusion in the portfolio are equally weighted. The universe includes stocks whose domicile and primary exchange listings are in countries identified by the World Bank as Upper Middle Income (certain lower middle income countries are also included, as well as stocks traded on the Taiwan Stock Exchange despite non-recognition by the World Bank). The selection criteria for the universe, in addition to the aforementioned country qualifications, also include requirements for sector inclusion, primary exchange listing, minimum market capitalization, share price, average daily trading volume and other factors. Dogs of the Dow Theory: an investment strategy which proposes that an investor annually select for investment the ten Dow Jones Industrial Average stocks whose dividend is the highest fraction of their price. MSCI EM TR Net Index: a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. ALPS Portfolio Solutions Distributor, Inc.

is the distributor for the ALPS Emerging Sector Dividend Dogs ETF. DOG000359 4/30/16 .