# EDGAR Filing Document

**Accession Number:** 0001558107
**File Stem:** 0001049169-26-000387
**Filing Date:** 2026-2
**Character Count:** 18045
**Document Hash:** 8ed2fa1ae878b3917758c81cbf51c158
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000387.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001049169-26-000387

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS Series Trust
- **CENTRAL INDEX KEY:** 0001558107

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22747
- **FILM NUMBER:** 26693349

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203

## Series and Classes Contracts Data

### Fundsmith Equity ETF (Series ID: S000097194)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000266372 | Fundsmith Equity ETF |  |

## Nport-Ex

Fundsmith Equity ETF

Schedule of Investments <br> December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value <br> (Note 2)** |
| **Common Stock (96.16%)** |  |  |
| *Communication Services (6.48%)* |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc. | 550 | $172150 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Inc. | 275 | 181525 |
| *Total Communication Services* |  | 353675 |
| *Consumer Discretionary (18.72%)* |  |  |
| &nbsp;&nbsp;&nbsp;Amadeus IT Group SA | 2365 | 174654 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 715 | 165036 |
| &nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE | 220 | 166761 |
| &nbsp;&nbsp;&nbsp;Marriott International, Inc. | 550 | 170632 |
| &nbsp;&nbsp;&nbsp;NIKE, Inc. | 2640 | 168194 |
| &nbsp;&nbsp;&nbsp;TJX Cos., Inc. | 1155 | 177420 |
| *Total Consumer Discretionary* |  | 1022697 |
| *Consumer Staples (18.75%)* |  |  |
| &nbsp;&nbsp;&nbsp;Church & Dwight Co., Inc. | 2035 | 170635 |
| &nbsp;&nbsp;&nbsp;Danone SA | 1925 | 173696 |
| &nbsp;&nbsp;&nbsp;Diageo PLC | 7480 | 161675 |
| &nbsp;&nbsp;&nbsp;L'Oreal SA | 385 | 165869 |
| &nbsp;&nbsp;&nbsp;Magnum Ice Cream Co. NV<sup>(a)</sup> | 572 | 9079 |
| &nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | 1100 | 176440 |
| &nbsp;&nbsp;&nbsp;Unilever PLC | 2542 | 166509 |
| *Total Consumer Staples* |  | 1023903 |
| *Financials (3.18%)* |  |  |
| &nbsp;&nbsp;&nbsp;Visa, Inc. | 495 | 173601 |
| *Health Care (23.67%)* |  |  |
| &nbsp;&nbsp;&nbsp;Coloplast A/S | 1925 | 165494 |
| &nbsp;&nbsp;&nbsp;EssilorLuxottica SA | 495 | 157007 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories, Inc.<sup>(a)</sup> | 220 | 148837 |
| &nbsp;&nbsp;&nbsp;Mettler-Toledo International, Inc.<sup>(a)</sup> | 110 | 153361 |
| &nbsp;&nbsp;&nbsp;Novo Nordisk A/S | 3520 | 180136 |
| &nbsp;&nbsp;&nbsp;Stryker Corp. | 440 | 154647 |
| &nbsp;&nbsp;&nbsp;Waters Corp.<sup>(a)</sup> | 440 | 167125 |
| &nbsp;&nbsp;&nbsp;Zoetis, Inc. | 1320 | 166082 |
| *Total Health Care* |  | 1292689 |
| *Industrials (9.41%)* |  |  |
| &nbsp;&nbsp;&nbsp;Atlas Copco AB | 10120 | 182526 |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing, Inc. | 660 | 169772 |
| &nbsp;&nbsp;&nbsp;Wolters Kluwer NV | 1560 | 161954 |
| *Total Industrials* |  | 514252 |
| *Information Technology (15.95%)* |  |  |
| &nbsp;&nbsp;&nbsp;Apple, Inc. | 605 | 164475 |
| &nbsp;&nbsp;&nbsp;Intuit, Inc. | 275 | 182166 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | 330 | 159595 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd. | 605 | 183853 |

---

Fundsmith Equity ETF

Schedule of Investments <br> December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value <br> (Note 2)** |
| *Information Technology (15.95%) (continued)* |  |  |
| &nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | 1045 | $181297 |
| *Total Information Technology* |  | 871386 |
| **Total Common Stock**<br>|  |  |
| **(Cost $5,259,633)** |  | 5252203 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value <br> (Note 2)** |
| **Short-Term Investment (4.20%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan US Government Money Market Fund(3.62% 7-Day Yield) | 229387 | 229387 |
| **Total Short-Term Investment** |  |  |
| **(Cost $229,387)** |  | 229387 |
| **TOTAL INVESTMENTS - (100.36%)(COST $5,489,020)** |  | 5481590 |
| **OTHER LIABILITIES IN EXCESS OF ASSETS - (-0.36%)** |  | (19735) |
| **Net assets – (100.00%)** |  | $5461855 |

---

<sup>(a)</sup> *Non Income Producing Security*

## 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 SERIES TRUST

- **b. Investment Company Act file number:** 811-22747

- **c. CIK number of Registrant:** 0001558107

- **d. LEI of Registrant:** 5493000QN25IZZPUSL66

- **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:** 3036235277

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

- **a. Name of Series:** Fundsmith Equity ETF

- **b. EDGAR series identifier (if any):** S000097194

- **c. LEI of Series:** 529900E4S1VH3U8AVR44

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $5466071.20

**Total Liabilities:** $4215.87

**Net Assets:** $5461855.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000266372 |  |  |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $-5584.91                | $-7430.08                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lvmh Moet Hennessy Louis Vuitton Se       | LVMH Moet Hennessy Louis Vuitton SE          | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       220 | NS      | $166760.68    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     10120 | NS      | $182526.04    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet, Inc.                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       550 | NS      | $172150.00    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Idexx Laboratories Inc                    | IDEXX Laboratories, Inc.                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       220 | NS      | $148836.60    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                    | Church & Dwight Co., Inc.                    | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      2035 | NS      | $170634.75    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                | Intuit, Inc.                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       275 | NS      | $182165.50    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/md             | Marriott International, Inc.                 | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       550 | NS      | $170632.00    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo Plc                                | Diageo PLC                                   | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |      7480 | NS      | $161674.96    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com, Inc.                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       715 | NS      | $165036.30    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp.                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       330 | NS      | $159594.60    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co., Ltd. | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       605 | NS      | $183853.45    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/s                             | Coloplast A/S                                | CUSIP: N/A<br>LEI: 529900NN7SOJ5QG82X67       | Long             | EC               | CORP              | DK        |      1925 | NS      | $165493.69    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus It Group Sa                       | Amadeus IT Group SA                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |      2365 | NS      | $174654.02    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| L'oreal Sa                                | L'Oreal SA                                   | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |       385 | NS      | $165868.71    | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer Nv                         | Wolters Kluwer NV                            | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      1560 | NS      | $161954.59    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments, Inc.                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1045 | NS      | $181297.05    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc           | Philip Morris International, Inc.            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1100 | NS      | $176440.00    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike Inc                                  | NIKE, Inc.                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      2640 | NS      | $168194.40    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Essilorluxottica Sa                       | EssilorLuxottica SA                          | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |       495 | NS      | $157007.12    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | Visa, Inc.                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       495 | NS      | $173601.45    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple, Inc.                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       605 | NS      | $164475.30    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                | Zoetis, Inc.                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1320 | NS      | $166082.40    | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                              | Stryker Corp.                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       440 | NS      | $154646.80    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnum Ice Cream Co Nv/the                | Magnum Ice Cream Co. NV                      | CUSIP: N/A<br>LEI: 25490052LLF3XH6G9847       | Long             | EC               | CORP              | NL        |       572 | NS      | $9078.81      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/s                          | Novo Nordisk A/S                             | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |      3520 | NS      | $180135.78    | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tjx Cos Inc/the                           | TJX Cos., Inc.                               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1155 | NS      | $177419.55    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-toledo International Inc          | Mettler-Toledo International, Inc.           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       110 | NS      | $153360.90    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms, Inc.                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       275 | NS      | $181524.75    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Plc                              | Unilever PLC                                 | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      2542 | NS      | $166509.62    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Us Government Money Market Fund  | JPMorgan US Government Money Market Fund     | CUSIP: 4812C2684<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    229387 | NS      | $229387.48    | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc             | Automatic Data Processing, Inc.              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       660 | NS      | $169771.80    | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone Sa                                 | Danone SA                                    | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      1925 | NS      | $173696.12    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                               | Waters Corp.                                 | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       440 | NS      | $167125.20    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** ALPS SERIES TRUST

**Signature:** Jill McFate

**Name of Signer:** Jill McFate

**Title:** Treasurer