# EDGAR Filing Document

**Accession Number:** 0001414040
**File Stem:** 0001049169-26-000128
**Filing Date:** 2026-1
**Character Count:** 44989
**Document Hash:** 80fa09d5a98bec4d2791eb5efec61b20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000128.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001049169-26-000128

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS ETF Trust
- **CENTRAL INDEX KEY:** 0001414040

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22175
- **FILM NUMBER:** 26576402

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328

## Series and Classes Contracts Data

### ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF (Series ID: S000075798)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000235090 | ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF Shares | OUSM            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALPS ETF TRUST

- **b. Investment Company Act file number:** 811-22175

- **c. CIK number of Registrant:** 0001414040

- **d. LEI of Registrant:** 549300VF1907NYC4WM31

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

**Item A.2. Information about the Series.**

- **a. Name of Series:** ALPS | OShares U.S. Small-Cap Quality Dividend ETF

- **b. EDGAR series identifier (if any):** S000075798

- **c. LEI of Series:** 54930008YN02Q0DX9368

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $910316850.38

**Total Liabilities:** $358793.41

**Net Assets:** $909958056.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235090 | -0.43%               | -2.73%               | 0.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5906063.52             | $-465416.18                                |
| Month 2  | $7888146.65              | $-35539612.15                              |
| Month 3  | $3450720.14              | $2270602.94                                |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Otter Tail Corp                                            | Otter Tail Corp.                                           | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21903 | NS      | $1800426.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Usa Inc                                             | Murphy USA, Inc.                                           | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      9916 | NS      | $3818354.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Adt Inc                                                    | ADT, Inc.                                                  | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    520424 | NS      | $4293498.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                                 | Southwest Gas Holdings, Inc.                               | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     14654 | NS      | $1217014.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                                     | Dolby Laboratories, Inc.                                   | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |    267632 | NS      | $18051778.40  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| One Gas Inc                                                | ONE Gas, Inc.                                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     24137 | NS      | $2021232.38   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                                | IDACORP, Inc.                                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     21022 | NS      | $2770279.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                                           | Black Hills Corp.                                          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     31010 | NS      | $2288227.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                   | Lamb Weston Holdings, Inc.                                 | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     12860 | NS      | $759511.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                           | Badger Meter, Inc.                                         | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     73671 | NS      | $13153220.34  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ugi Corp                                                   | UGI Corp.                                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     64922 | NS      | $2567665.10   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                                | Moelis & Co.                                               | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     75308 | NS      | $4832514.36   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                                     | Mueller Industries, Inc.                                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    123709 | NS      | $13591907.83  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                                             | PriceSmart, Inc.                                           | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      7916 | NS      | $974459.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                                     | J & J Snack Foods Corp.                                    | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |      8291 | NS      | $765673.85    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                             | A O Smith Corp.                                            | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    259742 | NS      | $17137777.16  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                             | Littelfuse, Inc.                                           | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     44337 | NS      | $11351158.74  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                                         | Graham Holdings Co.                                        | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      3288 | NS      | $3638172.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                        | Texas Roadhouse, Inc.                                      | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    115453 | NS      | $20233138.25  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                               | Simpson Manufacturing Co., Inc.                            | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     27683 | NS      | $4633580.54   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Wd-40 Co                                                   | WD-40 Co.                                                  | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      3803 | NS      | $744627.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lkq Corp                                                   | LKQ Corp.                                                  | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    586240 | NS      | $17405465.60  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                                         | Cohen & Steers, Inc.                                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     91577 | NS      | $5792245.25   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/the                                      | New York Times Co.                                         | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    255338 | NS      | $16469301.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/us                              | Service Corp. International                                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    197341 | NS      | $15674795.63  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                               | Exponent, Inc.                                             | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |    113986 | NS      | $8241187.80   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc                      | Artisan Partners Asset Management, Inc.                    | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    139561 | NS      | $5788990.28   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| H&r Block Inc                                              | H&R Block, Inc.                                            | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    370211 | NS      | $15593287.32  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                              | Ingredion, Inc.                                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     57444 | NS      | $6177527.76   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                              | Primerica, Inc.                                            | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     70336 | NS      | $18098859.52  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                                | Chemed Corp.                                               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     42145 | NS      | $18509662.55  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                                   | Molson Coors Beverage Co.                                  | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    115544 | NS      | $5373951.44   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                                        | Federal Signal Corp.                                       | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     35648 | NS      | $4063872.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                                  | New Jersey Resources Corp.                                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     68036 | NS      | $3271170.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| National Healthcare Corp                                   | National HealthCare Corp.                                  | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |    167332 | NS      | $22805678.28  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc                        | Applied Industrial Technologies, Inc.                      | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     29455 | NS      | $7623543.10   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                         | Conagra Brands, Inc.                                       | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    378204 | NS      | $6750941.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                                         | Albertsons Cos., Inc.                                      | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    142186 | NS      | $2606269.38   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                                 | Korn Ferry                                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    148862 | NS      | $9790653.74   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                                | Gentex Corp.                                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    679303 | NS      | $15508487.49  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                                  | Lear Corp.                                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     92826 | NS      | $9965799.36   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                         | Houlihan Lokey, Inc.                                       | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     82874 | NS      | $14536099.60  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pjt Partners Inc                                           | PJT Partners, Inc.                                         | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     15627 | NS      | $2625492.27   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                                   | American States Water Co.                                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     17791 | NS      | $1312442.07   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                                  | Dick's Sporting Goods, Inc.                                | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     23815 | NS      | $4919464.55   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co                               | Northwest Natural Holding Co.                              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     15778 | NS      | $780537.66    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                                          | Flowers Foods, Inc.                                        | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    149827 | NS      | $1607643.71   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                                    | Nexstar Media Group, Inc.                                  | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     46830 | NS      | $8997916.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co                               | Portland General Electric Co.                              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     46596 | NS      | $2368008.72   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                                  | Avnet, Inc.                                                | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    356660 | NS      | $16944916.60  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Company/the                                       | Marzetti Company                                           | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     11360 | NS      | $1896438.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                                       | National Fuel Gas Co.                                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     32430 | NS      | $2673853.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                                   | Crane Co.                                                  | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     27479 | NS      | $5035526.75   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                               | Victory Capital Holdings, Inc.                             | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     62151 | NS      | $3908676.39   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                                  | TEGNA, Inc.                                                | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    360445 | NS      | $7035886.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/va                                          | Universal Corp.                                            | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     10532 | NS      | $555668.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                                     | FirstCash Holdings, Inc.                                   | CUSIP: 33768G107<br>LEI: 549300V2X3UU7K0DG350 | Long             | EC               | CORP              | US        |     43414 | NS      | $6877211.74   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                                  | Chesapeake Utilities Corp.                                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      7343 | NS      | $1021117.58   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                                   | Franklin Electric Co., Inc.                                | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     85346 | NS      | $8120671.90   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                            | Choice Hotels International, Inc.                          | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     38467 | NS      | $3510498.42   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sei Investments Co                                         | SEI Investments Co.                                        | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    219886 | NS      | $17779981.96  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc                             | Reynolds Consumer Products, Inc.                           | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |     37851 | NS      | $945517.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell's Company/the                                     | Campbell's Company                                         | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     80892 | NS      | $2465588.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ufp Industries Inc                                         | UFP Industries, Inc.                                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     78996 | NS      | $7345838.04   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                                    | Essential Utilities, Inc.                                  | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    128841 | NS      | $5100815.19   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                                     | Columbia Sportswear Co.                                    | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     68983 | NS      | $3705076.93   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global Sa                                            | Bunge Global SA                                            | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     88570 | NS      | $8508919.90   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc                          | Diamond Hill Investment Group, Inc.                        | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |     20526 | NS      | $2422068.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mgic Investment Corp                                       | MGIC Investment Corp.                                      | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    667324 | NS      | $18918635.40  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                                 | Amdocs, Ltd.                                               | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |    226163 | NS      | $17296946.24  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                                       | Federated Hermes, Inc.                                     | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    271734 | NS      | $13632894.78  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                      | Encompass Health Corp.                                     | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    152200 | NS      | $17688684.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                                          | Ralph Lauren Corp.                                         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     18610 | NS      | $6836011.30   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                           | Essent Group, Ltd.                                         | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |    300322 | NS      | $18848208.72  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                                | Fresh Del Monte Produce, Inc.                              | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     22844 | NS      | $825582.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                                  | Spire, Inc.                                                | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     22981 | NS      | $2037495.46   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    617875 | NS      | $617874.99    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                                 | ALLETE, Inc.                                               | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     26500 | NS      | $1791930.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                                          | Toll Brothers, Inc.                                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     44926 | NS      | $6282002.58   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Marketaxess Holdings Inc                                   | MarketAxess Holdings, Inc.                                 | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     30597 | NS      | $5014542.33   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                                  | Ennis, Inc.                                                | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    191320 | NS      | $3336620.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                               | Watts Water Technologies, Inc.                             | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     30386 | NS      | $8382889.68   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Td Synnex Corp                                             | TD SYNNEX Corp.                                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    126672 | NS      | $19314946.56  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oge Energy Corp                                            | OGE Energy Corp.                                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     98429 | NS      | $4506079.62   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc                          | Allison Transmission Holdings, Inc.                        | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    158956 | NS      | $14093038.96  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                                                | Avista Corp.                                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     32485 | NS      | $1344229.30   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                           | Donaldson Co., Inc.                                        | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    236474 | NS      | $21259012.60  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-maine Foods Inc                                        | Cal-Maine Foods, Inc.                                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     55820 | NS      | $4650922.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/the                                             | Wendy's Co.                                                | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    605686 | NS      | $5118046.70   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                                        | Meritage Homes Corp.                                       | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     61916 | NS      | $4524821.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                                 | Brady Corp.                                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |    107240 | NS      | $8390457.60   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                               | Evercore, Inc.                                             | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     14021 | NS      | $4487701.47   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                                         | Enact Holdings, Inc.                                       | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |    139942 | NS      | $5417154.82   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Itt Inc                                                    | ITT, Inc.                                                  | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     90218 | NS      | $16614546.88  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                           | Vail Resorts, Inc.                                         | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    107067 | NS      | $15011864.07  | 1.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Union Co/the                                       | Western Union Co.                                          | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |   2243632 | NS      | $19721525.28  | 2.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Skyworks Solutions Inc                                     | Skyworks Solutions, Inc.                                   | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    258422 | NS      | $17042930.90  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                                | Penske Automotive Group, Inc.                              | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     30432 | NS      | $4921463.04   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                             | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     19093 | NS      | $866249.41    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                              | Lincoln Electric Holdings, Inc.                            | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     79475 | NS      | $19028699.25  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                                           | Radian Group, Inc.                                         | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    543480 | NS      | $19320714.00  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma Plc                                         | Royalty Pharma PLC                                         | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |    525860 | NS      | $21044917.20  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                               | Wyndham Hotels & Resorts, Inc.                             | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    143600 | NS      | $10511520.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Interdigital Inc                                           | InterDigital, Inc.                                         | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |     40070 | NS      | $14335042.50  | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Energizer Holdings Inc                                     | Energizer Holdings, Inc.                                   | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     20970 | NS      | $382283.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Landstar System Inc                                        | Landstar System, Inc.                                      | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     89823 | NS      | $11752441.32  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                                 | Lazard, Inc.                                               | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     85182 | NS      | $4301691.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc                              | Northwestern Energy Group, Inc.                            | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     26967 | NS      | $1863150.03   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SECURITIES LENDING - GENERAL                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mge Energy Inc                                             | MGE Energy, Inc.                                           | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |     14023 | NS      | $1161384.86   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc                             | Armstrong World Industries, Inc.                           | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     32326 | NS      | $6133535.24   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Msa Safety Inc                                             | MSA Safety, Inc.                                           | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     81614 | NS      | $13164338.20  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rli Corp                                                   | RLI Corp.                                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    124122 | NS      | $7653362.52   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** ALPS ETF TRUST

**Signature:** Erich Rettinger

**Name of Signer:** Erich Rettinger

**Title:** Treasurer